A powerful deconstruction of humanity’s most influential invention, from the acclaimed economists J. W. Mason and Arjun Jayadev.Money is everywhere in our daily lives. It lurks in the swipe of a card at the grocery store, in looming student-loan debts, in the prices of things we want, and in our subconscious navigation of the modern world. Money is an invisible convenience that saves us, as a society, the hassle of bartering for goods and services—a reflection, in ...

A powerful deconstruction of humanity’s most influential invention, from the acclaimed economists J. W. Mason and Arjun Jayadev.Money is everywhere in our daily lives. It lurks in the swipe of a card at the grocery store, in looming student-loan debts, in the prices of things we want, and in our subconscious navigation of the modern world. Money is an invisible convenience that saves us, as a society, the hassle of bartering for goods and services—a reflection, in ...

One of the most pressing issues in development today is the employment challenge in low- and middle-income countries. As more young people enter the labor force—and as structural transformation unfolds amid deindustrialization, technological disruption, and global competition—the question of how to create sufficient decent jobs has become central to the economic future of the Global South. Although this is a shared challenge across developing regions, it is particularly acute in Africa, wh...

“An illuminating book that examines where Mr. Musk came from and the episodes that shaped his worldview. In many ways it is the inverse of Walter Isaacson’s authorised biography. . . . the authors provide a portrait of his psyche that is arguably more revealing. . . . the resulting book is, you might say, a Musk-read.” –The Economist"Muskism cuts straight to the core of the man and the moment, explaining how a mercurial, conspiracy-prone,...

**NEW YORK TIMES BESTSELLER • The acclaimed author of How to Be an Antiracist and the National Book Award winner Stamped from the Beginning charts how “great replacement theory” has become a dominant political idea of our time and ushered in an antidemocratic age.“Kendi argues brilliantly that we must work across race and class lines to eradicate social ills and eliminate fascism.”—Los Angeles TimesNAMED ONE OF THE MOST ANTICIPATED BOOKS ...

How did we get to where we are? John Cassidy shows that the roots of our most recent financial failure lie not with individuals, but with an idea - the idea that markets are inherently rational. He gives us the big picture behind the financial headlines, tracing the rise and fall of free market ideology from Adam Smith to Milton Friedman and Alan Greenspan. Full of wit, sense and, above all, a deeper understanding, How Markets Fail argues for the end of 'utopian' economics, and th...

With a new title (following the successful first edition of Nations and Firms in the Global Economy), this second edition undergraduate textbook combines the dual perspectives of international economics and international business, providing a complete overview of the changing role of nations and firms in the global economy. International Economics and Business covers the key concepts typically included in an introductory course on the global economy, supported by contemporary case studies ...

In the graveyard of economic ideology, dead ideas still stalk the land. The recent financial crisis laid bare many of the assumptions behind market liberalism--the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. The crisis seemed to have killed off these id...

Perhaps the most peculiar feature of a financial bubble – one that Charles Kindleberger's classic work Manias, Panics and Crashes draws particular attention to – is the inability of those trapped inside it to grasp the seriousness of their predicament. They know in principle that bubbles exist, and they know that the financial crashes that result from them are capable of destroying individuals' wealth and entire economies. Yet whenever and wherever a bubble begins to form, we're told that ...

*What were the causes of the financial and economic crises of 2008-2009?*What intellectual and policy mistakes prevented academics and policymakers from anticipating the crisis?*What is the future of financial regulation both domestic and international?*What role did global macroeconomic imbalances play in the run-up to the crisis?*What is the future of the export-led growth model and what are the implications for developing countries?*To what extent will government remain involved in the eco...

This book is an in-depth discussion of rising inequalities in the western world. It explores the extent to which rising inequalities are the mechanical consequence of changes in economic fundamentals (such as changes in technological or demographic parameters), and to what extent they are the contingent consequences of country-specific and time-specific changes in institutions. Both the 'fundamentalist' view and the 'institutionalist' view have some relevance. For instance, the decline of ...

Industrial policy, once relegated to resource allocation, technological improvements, and the modernization of industries, should be treated as a serious component of sustainability and developmental economics. A rich set of complimentary institutions, shared behavioral norms, and public policies have sustained economic growth from Britain's industrial revolution onwards. This volume revisits the role of industrial policy in the success of these strategies and what it can offer developed a...