The Affluent Society

By John Kenneth Galbraith

John Kenneth Galbraith's vintage research of non-public wealth and public poverty in postwar America

 

With regular readability, eloquence, and humor, Harvard economist John Kenneth Galbraith will get on the center of what financial safety skill in The prosperous Society. caution opposed to person and societal complacence approximately fiscal inequity, he deals an financial version for making an investment in public wealth that demanding situations “conventional knowledge” (a word he coined that has considering entered our vernacular) concerning the long term worth of a production-based financial system and the real nature of poverty. either politically divisive and remarkably prescient, The prosperous Society is as appropriate this present day at the query of wealth in the US because it used to be in 1958.

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By John Kenneth Galbraith

John Kenneth Galbraith's vintage research of non-public wealth and public poverty in postwar America

 

With regular readability, eloquence, and humor, Harvard economist John Kenneth Galbraith will get on the center of what financial safety skill in The prosperous Society. caution opposed to person and societal complacence approximately fiscal inequity, he deals an financial version for making an investment in public wealth that demanding situations “conventional knowledge” (a word he coined that has considering entered our vernacular) concerning the long term worth of a production-based financial system and the real nature of poverty. either politically divisive and remarkably prescient, The prosperous Society is as appropriate this present day at the query of wealth in the US because it used to be in 1958.

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Economics of Regulation and Antitrust

By W. Kip Viscusi, John M. Vernon

A considerably revised and up-to-date re-creation of the top textual content on company and govt, with new fabric reflecting fresh theoretical and methodological advances; comprises additional assurance of the Microsoft antitrust case, the deregulation of telecommunications and electrical strength, and new environmental laws.

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By W. Kip Viscusi, John M. Vernon

A considerably revised and up-to-date re-creation of the top textual content on company and govt, with new fabric reflecting fresh theoretical and methodological advances; comprises additional assurance of the Microsoft antitrust case, the deregulation of telecommunications and electrical strength, and new environmental laws.

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Experiments in Economics: Playing fair with money

By Ananish Chaudhuri

Are people reasonable through nature? Why will we frequently willingly belief strangers or cooperate with them no matter if these activities depart us susceptible to exploitation? Does this average inclination in the direction of equity or belief have implications within the market-place? conventional monetary thought might probably imagine now not, perceiving human interplay as self-interested at center. there's expanding proof even if that social norms and norm-driven behaviour equivalent to a choice for equity, generosity or belief have critical implications for economics. This booklet presents an simply obtainable evaluation of monetary experiments, in particular those who discover the position of equity, generosity, belief and reciprocity in financial transactions.

Ananish Chaudhuri techniques various financial concerns and difficulties including:

  • Pricing via firms
  • Writing labour contracts among parties
  • Marking voluntary contributions to charity,
  • Addressing problems with environmental pollution,
  • Providing micro-credit to small entrepreneurs,
  • Resolving difficulties of coordination failure in organizations.

The publication discusses how norm-driven behaviour can usually bring about considerably diverse results than these estimated by way of financial theories and those findings should still in flip reason us to re-think how we strategy monetary research and coverage.

Assuming no earlier wisdom of economics and containing numerous examples, this reader pleasant quantity should be excellent reading for humans from quite a lot of backgrounds including students and policy-makers. The ebook should still attract economics undergraduates learning experimental economics, microeconomics or video game conception in addition to scholars in social psychology, organizational behaviour, administration and different enterprise similar disciplines.

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By Ananish Chaudhuri

Are people reasonable through nature? Why will we frequently willingly belief strangers or cooperate with them no matter if these activities depart us susceptible to exploitation? Does this average inclination in the direction of equity or belief have implications within the market-place? conventional monetary thought might probably imagine now not, perceiving human interplay as self-interested at center. there's expanding proof even if that social norms and norm-driven behaviour equivalent to a choice for equity, generosity or belief have critical implications for economics. This booklet presents an simply obtainable evaluation of monetary experiments, in particular those who discover the position of equity, generosity, belief and reciprocity in financial transactions.

Ananish Chaudhuri techniques various financial concerns and difficulties including:

  • Pricing via firms
  • Writing labour contracts among parties
  • Marking voluntary contributions to charity,
  • Addressing problems with environmental pollution,
  • Providing micro-credit to small entrepreneurs,
  • Resolving difficulties of coordination failure in organizations.

The publication discusses how norm-driven behaviour can usually bring about considerably diverse results than these estimated by way of financial theories and those findings should still in flip reason us to re-think how we strategy monetary research and coverage.

Assuming no earlier wisdom of economics and containing numerous examples, this reader pleasant quantity should be excellent reading for humans from quite a lot of backgrounds including students and policy-makers. The ebook should still attract economics undergraduates learning experimental economics, microeconomics or video game conception in addition to scholars in social psychology, organizational behaviour, administration and different enterprise similar disciplines.

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The Global Minotaur: America, Europe and the Future of the Global Economy (Economic Controversies)

In this provocative publication, Yanis Varoufakis—the fiery former finance minister in Greek’s new Syriza-led government—explodes the parable that financialization, useless legislation of banks, and generalized greed and globalization have been the basis factors of the worldwide financial drawback. fairly, he exhibits, they're signs of a miles deeper malaise, one who may be traced the entire as far back as the good melancholy, then in the course of the stagflation of the Seventies, whilst a “Global Minotaur” used to be born. Today’s deepening quandary in Europe, Varoufakis indicates, is only one of the inevitable symptoms of the weakening Minotaur—of an international approach that's now as unsustainable because it is unbalanced. instead of easily diagnose an issue, besides the fact that, Varoufakis additionally deals an answer, a application for introducing cause into what has develop into a perniciously irrational fiscal order.

a vital, powerfully polemical account of the hidden histories that proceed to form our international and economic climate this day, this e-book from an immense participant at the degree of global finance, and with a brand new creation by means of Paul Mason, could be crucial analyzing for economists, coverage makers, and typical voters alike.

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In this provocative publication, Yanis Varoufakis—the fiery former finance minister in Greek’s new Syriza-led government—explodes the parable that financialization, useless legislation of banks, and generalized greed and globalization have been the basis factors of the worldwide financial drawback. fairly, he exhibits, they're signs of a miles deeper malaise, one who may be traced the entire as far back as the good melancholy, then in the course of the stagflation of the Seventies, whilst a “Global Minotaur” used to be born. Today’s deepening quandary in Europe, Varoufakis indicates, is only one of the inevitable symptoms of the weakening Minotaur—of an international approach that's now as unsustainable because it is unbalanced. instead of easily diagnose an issue, besides the fact that, Varoufakis additionally deals an answer, a application for introducing cause into what has develop into a perniciously irrational fiscal order.

a vital, powerfully polemical account of the hidden histories that proceed to form our international and economic climate this day, this e-book from an immense participant at the degree of global finance, and with a brand new creation by means of Paul Mason, could be crucial analyzing for economists, coverage makers, and typical voters alike.

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The Price of Inequality: How Today's Divided Society Endangers Our Future

By Joseph E. Stiglitz

A forceful argument opposed to America's vicious circle of transforming into inequality by way of the Nobel Prize–winning economist.

the United States at present has the main inequality, and the least equality of chance, one of the complex nations. whereas marketplace forces play a task during this stark photo, politics has formed these industry forces. during this best-selling publication, Nobel Prize–winning economist Joseph E. Stiglitz exposes the efforts of well-heeled pursuits to compound their wealth in ways in which have stifled actual, dynamic capitalism. alongside the best way he examines the impression of inequality on our economic system, our democracy, and our process of justice. Stiglitz explains how inequality impacts and is stricken by each element of nationwide coverage, and with attribute perception he bargains a imaginative and prescient for a extra simply and wealthy destiny, supported by way of a concrete software to accomplish that vision.

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By Joseph E. Stiglitz

A forceful argument opposed to America's vicious circle of transforming into inequality by way of the Nobel Prize–winning economist.

the United States at present has the main inequality, and the least equality of chance, one of the complex nations. whereas marketplace forces play a task during this stark photo, politics has formed these industry forces. during this best-selling publication, Nobel Prize–winning economist Joseph E. Stiglitz exposes the efforts of well-heeled pursuits to compound their wealth in ways in which have stifled actual, dynamic capitalism. alongside the best way he examines the impression of inequality on our economic system, our democracy, and our process of justice. Stiglitz explains how inequality impacts and is stricken by each element of nationwide coverage, and with attribute perception he bargains a imaginative and prescient for a extra simply and wealthy destiny, supported by way of a concrete software to accomplish that vision.

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Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America

By Greg Farrell

The intimate, fly-on-the wall story of the decline and fall of an the USA icon
 
With one amazing exception, the companies that make up what we all know as Wall highway have consistently been a part of an inbred, insular tradition that the majority humans basically vaguely comprehend. The exception used to be Merrill Lynch, an organization that revolutionized the inventory marketplace by way of bringing Wall road to major road, establishing workplaces in far-flung towns and cities lengthy neglected through the giants of finance. With its “thundering herd” of economic advisers, probably no different company, even if in monetary prone or somewhere else, so epitomized the yankee spirit. Merrill Lynch was once not just “bullish on America,” it was once an incredible for the reason that such a lot of regular american citizens have been in a position to develop prosperous by means of making an investment within the inventory market. 

Merrill Lynch was once an icon. Its unexpected decline, cave in, and sale to financial institution of the US used to be a surprise. How did it ensue? Why did it take place? And what does this tale of greed, hubris, and incompetence let us know in regards to the tradition of Wall road that maintains to this present day although it got here with regards to destroying the yank economic climate? A tradition within which the CEO of an organization wasting $28 billion pushes demanding to be paid a $25 million bonus. A tradition during which Merrill Lynch executives are assured bonuses of $30 million and $40 million for 4 months’ paintings, even whereas the enterprise is suffering to minimize its losses via firing millions of employees.

Based on unheard of assets at either Merrill Lynch and financial institution of the USA, Greg Farrell’s Crash of the Titans is a Shakespearean saga of 3 incorrect masters of the universe. E. Stanley O’Neal, whose inspiring upward thrust from the segregated South to the nook workplace of Merrill Lynch—where he engineered a profitable turnaround—was undone by way of his trust smooth-talking salesman may deal with the most tricky jobs on Wall highway. simply because he loved O’Neal’s help, this govt was once allowed to accumulate an unbelievable $30 billion place in CDOs at the firm’s stability sheet, at a time while all different Wall highway enterprises have been desperately attempting to go out the company. After O’Neal comes John Thain, the cerebral, MIT-educated technocrat whose rescue of the hot York inventory alternate earned him the nickname “Super Thain.” He used to be employed to save lots of Merrill Lynch in overdue 2007, yet his trust that the markets may rebound led him to underestimate the intensity of Merrill’s difficulties. ultimately, we meet financial institution of the USA CEO Ken Lewis, a highway fighter raised slightly above the poverty line in rural Georgia, whose “my approach or the road” administration kind suffers fools extra simply than power opponents, and who made a $50 billion dedication over a September weekend to shop for a enterprise he quite didn’t comprehend, hence jeopardizing his personal institution. 

The merger itself seems to be a weird and wonderful blend of cultures that mix like oil and water, the place slick Wall highway bankers without warning locate themselves reporting to a solid of characters directly out of the Beverly Hillbillies. BofA’s inbred tradition, which perceived ny banks its enemies, was once in line with loyalty and a good-ol’-boy community during which competence performed moment mess around to blind obedience.

Crash of the Titans
is a monetary mystery that places you within the theater because the old occasions of the monetary obstacle spread and folks answerable for billion of bucks of alternative people’s funds gamble recklessly to reinforce their energy and their paychecks or to save lots of their very own skins. Its wealth of never-before-revealed details and concentrate on icons of company the US make it the publication that places jointly the whole lot of the Wall highway disaster.

From the Hardcover edition.

Show description

By Greg Farrell

The intimate, fly-on-the wall story of the decline and fall of an the USA icon
 
With one amazing exception, the companies that make up what we all know as Wall highway have consistently been a part of an inbred, insular tradition that the majority humans basically vaguely comprehend. The exception used to be Merrill Lynch, an organization that revolutionized the inventory marketplace by way of bringing Wall road to major road, establishing workplaces in far-flung towns and cities lengthy neglected through the giants of finance. With its “thundering herd” of economic advisers, probably no different company, even if in monetary prone or somewhere else, so epitomized the yankee spirit. Merrill Lynch was once not just “bullish on America,” it was once an incredible for the reason that such a lot of regular american citizens have been in a position to develop prosperous by means of making an investment within the inventory market. 

Merrill Lynch was once an icon. Its unexpected decline, cave in, and sale to financial institution of the US used to be a surprise. How did it ensue? Why did it take place? And what does this tale of greed, hubris, and incompetence let us know in regards to the tradition of Wall road that maintains to this present day although it got here with regards to destroying the yank economic climate? A tradition within which the CEO of an organization wasting $28 billion pushes demanding to be paid a $25 million bonus. A tradition during which Merrill Lynch executives are assured bonuses of $30 million and $40 million for 4 months’ paintings, even whereas the enterprise is suffering to minimize its losses via firing millions of employees.

Based on unheard of assets at either Merrill Lynch and financial institution of the USA, Greg Farrell’s Crash of the Titans is a Shakespearean saga of 3 incorrect masters of the universe. E. Stanley O’Neal, whose inspiring upward thrust from the segregated South to the nook workplace of Merrill Lynch—where he engineered a profitable turnaround—was undone by way of his trust smooth-talking salesman may deal with the most tricky jobs on Wall highway. simply because he loved O’Neal’s help, this govt was once allowed to accumulate an unbelievable $30 billion place in CDOs at the firm’s stability sheet, at a time while all different Wall highway enterprises have been desperately attempting to go out the company. After O’Neal comes John Thain, the cerebral, MIT-educated technocrat whose rescue of the hot York inventory alternate earned him the nickname “Super Thain.” He used to be employed to save lots of Merrill Lynch in overdue 2007, yet his trust that the markets may rebound led him to underestimate the intensity of Merrill’s difficulties. ultimately, we meet financial institution of the USA CEO Ken Lewis, a highway fighter raised slightly above the poverty line in rural Georgia, whose “my approach or the road” administration kind suffers fools extra simply than power opponents, and who made a $50 billion dedication over a September weekend to shop for a enterprise he quite didn’t comprehend, hence jeopardizing his personal institution. 

The merger itself seems to be a weird and wonderful blend of cultures that mix like oil and water, the place slick Wall highway bankers without warning locate themselves reporting to a solid of characters directly out of the Beverly Hillbillies. BofA’s inbred tradition, which perceived ny banks its enemies, was once in line with loyalty and a good-ol’-boy community during which competence performed moment mess around to blind obedience.

Crash of the Titans
is a monetary mystery that places you within the theater because the old occasions of the monetary obstacle spread and folks answerable for billion of bucks of alternative people’s funds gamble recklessly to reinforce their energy and their paychecks or to save lots of their very own skins. Its wealth of never-before-revealed details and concentrate on icons of company the US make it the publication that places jointly the whole lot of the Wall highway disaster.

From the Hardcover edition.

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Liar's Poker (Norton Paperback)

By Michael Lewis

The time was once the Nineteen Eighties. where used to be Wall road. the sport was once known as Liar’s Poker.

Michael Lewis was once clean out of Princeton and the London tuition of Economics whilst he landed a task at Salomon Brothers, one in every of Wall Street’s most popular funding organisations. throughout the subsequent 3 years, Lewis rose from callow trainee to bond salesman, raking in thousands for the company and benefiting from a modern day gold rush.

Liar’s Poker is the end result of these heady, frenzied years—a behind-the-scenes examine a special and turbulent time in American company. From the frat-boy camaraderie of the forty-first-floor buying and selling room to the killer intuition that made bold younger males gamble every little thing on a high-stakes video game of bluffing and deception, this is Michael Lewis’s understanding and hilarious insider’s account of an remarkable period of greed, gluttony, and outrageous fortune.

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By Michael Lewis

The time was once the Nineteen Eighties. where used to be Wall road. the sport was once known as Liar’s Poker.

Michael Lewis was once clean out of Princeton and the London tuition of Economics whilst he landed a task at Salomon Brothers, one in every of Wall Street’s most popular funding organisations. throughout the subsequent 3 years, Lewis rose from callow trainee to bond salesman, raking in thousands for the company and benefiting from a modern day gold rush.

Liar’s Poker is the end result of these heady, frenzied years—a behind-the-scenes examine a special and turbulent time in American company. From the frat-boy camaraderie of the forty-first-floor buying and selling room to the killer intuition that made bold younger males gamble every little thing on a high-stakes video game of bluffing and deception, this is Michael Lewis’s understanding and hilarious insider’s account of an remarkable period of greed, gluttony, and outrageous fortune.

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Toward a Post-Market Society (Business Economics in a Rapidly-Changing World)

By John W. Murphy, Karen A. Callaghan

These days the industry, and neo-liberalism generally, appears in disarray. With help waning for an unfettered marketplace, a variety of critics are looking for choices. This booklet offers the concept a brand new mind set concerning the economic system might be effective, relatively person who doesn't depend on an unregulated marketplace to safe fiscal order. during this context, the concept of a "post-market society" is brought to explain this shift in orientation. the overall subject is that markets are imperfect, regardless of what their advocates claim.

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By John W. Murphy, Karen A. Callaghan

These days the industry, and neo-liberalism generally, appears in disarray. With help waning for an unfettered marketplace, a variety of critics are looking for choices. This booklet offers the concept a brand new mind set concerning the economic system might be effective, relatively person who doesn't depend on an unregulated marketplace to safe fiscal order. during this context, the concept of a "post-market society" is brought to explain this shift in orientation. the overall subject is that markets are imperfect, regardless of what their advocates claim.

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Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff

By Christine S. Richard

An disclose at the myth, greed, and conceitedness that ended in America's credits crisis

The cave in of America's credits markets in 2008 is sort of most likely the largest bankruptcy in U.S. background. self assurance video game: How a Hedge Fund supervisor referred to as Wall Street's Bluff is the tale of invoice Ackman's six-year crusade to warn that the $2.5 trillion bond coverage enterprise was once a disaster ready to take place. Branded a fraud by way of the Wall road Journal and New York Times, and investigated by way of Eliot Spitzer and the Securities and alternate fee, Ackman later made his traders greater than $1 billion while bond insurers kicked off the cave in of the credits markets.

  • Unravels the tale of the credits drawback via an enticing and human drama
  • Draws on remarkable entry to at least one of Wall Street's best-known investors
  • Shows how over the top leverage, harmful monetary versions, and a blind reliance on triple-A credits rankings despatched Wall road careening towards disaster

Confidence video game is a true international "Emperor's New Clothes," a story of frequent myth, and one dissenting voice within the period prime as much as the worst bankruptcy because the nice Depression.

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By Christine S. Richard

An disclose at the myth, greed, and conceitedness that ended in America's credits crisis

The cave in of America's credits markets in 2008 is sort of most likely the largest bankruptcy in U.S. background. self assurance video game: How a Hedge Fund supervisor referred to as Wall Street's Bluff is the tale of invoice Ackman's six-year crusade to warn that the $2.5 trillion bond coverage enterprise was once a disaster ready to take place. Branded a fraud by way of the Wall road Journal and New York Times, and investigated by way of Eliot Spitzer and the Securities and alternate fee, Ackman later made his traders greater than $1 billion while bond insurers kicked off the cave in of the credits markets.

  • Unravels the tale of the credits drawback via an enticing and human drama
  • Draws on remarkable entry to at least one of Wall Street's best-known investors
  • Shows how over the top leverage, harmful monetary versions, and a blind reliance on triple-A credits rankings despatched Wall road careening towards disaster

Confidence video game is a true international "Emperor's New Clothes," a story of frequent myth, and one dissenting voice within the period prime as much as the worst bankruptcy because the nice Depression.

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The Wealth of Nations (Bantam Classics)

The Wealth of Nations
by Adam Smith

It is symbolic that Adam Smith’s masterpiece of financial research, The Wealth of Nations, was once first released in 1776, a similar yr because the Declaration of Independence.

In his booklet, Smith fervently extolled the straightforward but enlightened idea that folks are absolutely able to atmosphere and regulating costs for his or her personal items and companies. He argued passionately in prefer of unfastened exchange, but stood up for the little man. The Wealth of Nations supplied the first--and nonetheless the main eloquent--integrated description of the workings of a industry economy.

The results of Smith’s efforts is a witty, hugely readable paintings of genius packed with prescient theories that shape the root of a thriving capitalist procedure. This unabridged variation bargains the fashionable reader a clean examine a undying and seminal paintings that revolutionized the way in which governments and contributors view the construction and dispersion of wealth--and that maintains to persuade our economic climate correct as much as the current day.

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The Wealth of Nations
by Adam Smith

It is symbolic that Adam Smith’s masterpiece of financial research, The Wealth of Nations, was once first released in 1776, a similar yr because the Declaration of Independence.

In his booklet, Smith fervently extolled the straightforward but enlightened idea that folks are absolutely able to atmosphere and regulating costs for his or her personal items and companies. He argued passionately in prefer of unfastened exchange, but stood up for the little man. The Wealth of Nations supplied the first--and nonetheless the main eloquent--integrated description of the workings of a industry economy.

The results of Smith’s efforts is a witty, hugely readable paintings of genius packed with prescient theories that shape the root of a thriving capitalist procedure. This unabridged variation bargains the fashionable reader a clean examine a undying and seminal paintings that revolutionized the way in which governments and contributors view the construction and dispersion of wealth--and that maintains to persuade our economic climate correct as much as the current day.

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Continue reading "The Wealth of Nations (Bantam Classics)"