In The New Masters of Capital, Timothy J. Sinclair examines a key aspect of the global economy—the rating agencies. In the global economy, trust is formalized in the daily operations of such firms as Moody's and Standard & Poor's, which continuously monitor the financial health of bond-issuers ranging from private corporations to local and national governments. Their judgments affect unimaginably large sums, approximately $30 trillion in outstanding debt issues, according to a recent Moody...

To the Brink of Destruction exposes how America's rating agencies helped generate the global financial crisis of 2007 and beyond, surviving and thriving in the aftermath. Despite widespread scrutiny, rating agencies continued to operate on the same business model and wield extraordinary power, exerting extensive influence over public policy.Timothy J. Sinclair brings the shadowy corners of this story to life by examining congressional test...

Since the days of the early church, Christians have struggled to understand the relationship between two seemingly contradictory concepts in the Bible: law and gospel. If, as the apostle Paul says, the law cannot save, what can it do? Is it merely an ancient relic from Old Testament Israel to be discarded? Or is it still valuable for Christians today? Helping modern Christians think through this complex issue, seasoned pastor and theologian Sinclair Ferguson carefully leads readers to redi...

Banks of all sorts are troubled institutions. The cost of public bail-outs associated with the subprime crisis in the United States alone may be as high as US$5 trillion. What is the problem with banks? Why do they seem to be at the centre of economic and financial turmoil down through the ages? In this provocative and timely book, Rethel and Sinclair seek answers to these questions, arguing that banks suffer from perennial problems, and that developments in the financial markets and gover...

As European countries become more interdependent, the provision of common goods increasingly must be organized across national boundaries, levels of government, and sectors. In addition, former adversaries in the public and private sectors must learn to collaborate rather than compete. These changing paradigms call for new institutional and instrumental arrangements that move beyond existing modes of national governance. Offering a unique focus on the emerging role of private actors, this ...

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...

Numbers dominate global politics and, as a result, our everyday lives. Credit ratings steer financial markets and can make or break the future of entire nations. GDP drives our economies. Stock market indices flood our media and national debates. Statistical calculations define how we deal with climate change, poverty and sustainability. But what is behind these numbers?In How Numbers Rule the World, Lorenzo Fioramonti reveals the hidden agendas underpinning the use of statistics a...

“What is at stake is authenticity. . . . Sooner or later Christians tire of public meetings that are profoundly inauthentic, regardless of how well (or poorly) arranged, directed, performed. We long to meet, corporately, with the living and majestic God and to offer him the praise that is his due.”—D. A. CarsonWorship is a hot topic, but the ways that Christians from different traditions view it vary greatly. What is worship? More important, what does it look like in action, both in our co...

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 ...

Well-functioning financial markets are crucial for the economic well-being and the justice of contemporary societies. The Great Financial Crisis has shown that a perspective that naively trusts in the self-regulating powers of free markets cannot capture what is at stake in understanding and regulating financial markets. The damage done by the Great Financial Crisis, including its distributive consequences, raises serious questions about the justice of financial markets as we know them. Th...

International NGOs are increasingly important players within the new aid architecture but their geographic choices remain uncharted territory. This book focuses on patterns of development assistance, mapping, while analysing and assessing the country choices of the largest international NGOs. Koch's approach is interdisciplinary and uses qualitative, quantitative and experimental methods to provide a clear insight in the determinants of country choices of international NGOs.The boo...

Winner of the Porter Prize, this classic study thoroughly profiles the corporate elite of late twentieth-century Canada, within a global context. It traces the fundamental changes in the structure of corporate power in Canada since the mid-1970s and highlights such key issues as the place of Canadian corporate power in global context, the westward shift of Canadian corporate power, and the emergence of a North American corporate elite. The book opens with a survey of corporate power and disc...