Business & Economics

23 Things They Don't Tell You about Capitalism

Author: Ha-Joon Chang

Publisher: Bloomsbury Publishing USA

ISBN: 9781608193585

Category: Business & Economics

Page: 304

View: 8749

Thing 1: There is no such thing as free market. Thing 4: The washing machine has changed the world more than the Internet. Thing 5: Assume the worst about people, and you get the worst. Thing 13: Making rich people richer doesn't make the rest of us richer. If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan. Chang, the author of the international bestseller Bad Samaritans, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, "How to Rebuild the World," Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market.
Capitalism

23 Things They Don't Tell You about Capitalism

Author: Ha-Joon Chang

Publisher: Penguin UK

ISBN: 0141047976

Category: Capitalism

Page: 286

View: 1797

'This Cambridge professor delights in paradox. And myth-busting . . . he does this with charm and a desire to see how things work in the real world' Guardian, 'In Praise of Ha-Joon Chang' In this revelatory book, Ha-Joon Chang destroys the biggest myths of our times and shows us the truth about how the world really works, including: there's no such thing as a free market; the washing machine has changed lives more than the internet; people in poor countries are more entrepreneurial than in wealthy ones; and making rich people richer doesn't make the rest of us richer. We don't have to accept things as they are any longer. Ha-Joon Chang is here to show us there's a better way. 'Lively, accessible and provocative . . . read this book' Sunday Times 'A witty and timely debunking of some of the biggest myths surrounding the global economy' Observer 'The new kid on the economics block . . . Chang's iconoclastic attitude has won him fans' Independent on Sunday 'Lucid . . . audacious . . . increasingly influential . . . will provoke physical symptoms of revulsion if you are in any way involved in high finance' Guardian 'Important . . . persuasive . . . an engaging case for a more caring era of globalization' Financial Times 'A must-read . . . incisive and entertaining' New Statesman
Business & Economics

23 Things They Don't Tell You About Capitalism

Author: Ha-Joon Chang

Publisher: Penguin UK

ISBN: 0141957867

Category: Business & Economics

Page: 304

View: 1339

Ha-Joon Chang dispels the myths and prejudices that have come to dominate our understanding of how the world works. He succeeds in both setting the historical record straight ('the washing machine has changed the world more than the internet'; 'the US does not have the highest living standard in the world'; 'people in poor countries are more entrepreneurial than people in rich countries') and persuading us of the consequences of his analysis ('making rich people richer doesn't make the rest of us richer'; 'companies should not be run in the interest of their owners'; 'financial markets need to become less, not more, efficient'). As Chang shows above all else, all economic choices are political ones, and it is time we started to be honest about them.
Business & Economics

Economics: The User's Guide

Author: Ha-Joon Chang

Publisher: Bloomsbury Publishing USA

ISBN: 1620408139

Category: Business & Economics

Page: 384

View: 1004

In his bestselling 23 Things They Don't Tell You About Capitalism, Cambridge economist Ha-Joon Chang brilliantly debunked many of the predominant myths of neoclassical economics. Now, in an entertaining and accessible primer, he explains how the global economy actually works-in real-world terms. Writing with irreverent wit, a deep knowledge of history, and a disregard for conventional economic pieties, Chang offers insights that will never be found in the textbooks. Unlike many economists, who present only one view of their discipline, Chang introduces a wide range of economic theories, from classical to Keynesian, revealing how each has its strengths and weaknesses, and why there is no one way to explain economic behavior. Instead, by ignoring the received wisdom and exposing the myriad forces that shape our financial world, Chang gives us the tools we need to understand our increasingly global and interconnected world often driven by economics. From the future of the Euro, inequality in China, or the condition of the American manufacturing industry here in the United States-Economics: The User's Guide is a concise and expertly crafted guide to economic fundamentals that offers a clear and accurate picture of the global economy and how and why it affects our daily lives.
Business & Economics

Bad Samaritans

The Myth of Free Trade and the Secret History of Capitalism

Author: Ha-Joon Chang

Publisher: Bloomsbury Publishing USA

ISBN: 9781596917385

Category: Business & Economics

Page: 288

View: 5848

Bad Samaritans was an introduction to open-minded economists and political free-thinkers to Ha-Joon Chang's theories of the dangers of free-trade. With irreverent wit, an engagingly personal style, and a keen grasp of history, Chang blasts holes in the "World Is Flat" orthodoxy of Thomas Friedman and others who argue that only unfettered capitalism and wide-open international trade can lift struggling nations out of poverty. On the contrary, Chang shows, today's economic superpowers-from the U.S. to Britain to his native Korea-all attained prosperity by shameless protectionism and government intervention in industry, a fact conveniently forgotten now that they want to compete in foreign markets. Chang's cage-rattling, contrarian history of global capital appeals to readers new to economic theory as well as members of the old school looking for a fresh take.
Business & Economics

Globalization, Economic Development and the Role of the State

Author: Ha-Joon Chang

Publisher: Zed Books

ISBN: 9781842771433

Category: Business & Economics

Page: 335

View: 4012

Ha-Joon Chang evaluates the role of the state in economics and development. In this collection of essays, he reviews theories and practices of state intervention as they have developed over two centuries of modern capitalism. He develops an institutionalist approach to the role of the state in economic change, and examines the issues involved in particular settings including industrial policy, trade policy, intellectual property rights, regulation, and strategies towards transnational corporations. He mounts a sophisticated theoretical and historical case for the continuing essential and constructive roles which the state can and must play in economic development.
Business & Economics

Reclaiming Development

An Alternative Economic Policy Manual

Author: Ha-Joon Chang,Ilene Grabel

Publisher: Zed Books Ltd.

ISBN: 1780329733

Category: Business & Economics

Page: 256

View: 757

There is no alternative to neoliberal economics - or so it appeared when Reclaiming Development was published in 2004. Many of the same driving assumptions - monetarism and globalization - remain within the international development policy establishment. Ha-Joon Chang and Ilene Grabel confront this neoliberal development model head-on by combining devastating economic critique with an array of innovative policies and an in-depth analysis of the experiences of leading Western and East Asian economies. Still, much has changed since 2004 - the relative success of some developing countries in weathering the global financial crisis has exposed the latent contradictions of the neoliberal model. The resulting situation of increasingly open policy innovation in the global South means that Reclaiming Development is even more relevant today than when it was first published. History is being made.
Business & Economics

Kicking Away the Ladder

Development Strategy in Historical Perspective

Author: Ha-Joon Chang

Publisher: Anthem Press

ISBN: 9780857287618

Category: Business & Economics

Page: 196

View: 6884

How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.
Business & Economics

50 Economics Classics

Your shortcut to the most important ideas on capitalism, finance, and the global economy

Author: Tom Butler-Bowdon

Publisher: Hachette UK

ISBN: 1473655412

Category: Business & Economics

Page: 368

View: 1095

'Something of a modern classic in its own right.' E&T magazine Economics drives the modern world and shapes our lives, but few of us feel we have time to engage with the breadth of ideas in the subject. 50 Economics Classics is the smart person's guide to two centuries of discussion of finance, capitalism and the global economy. From Adam Smith's Wealth of Nations to Thomas Piketty's bestseller Capital in the Twenty-First Century, here are the great reads, seminal ideas and famous texts, clarified and illuminated for all. EXPLORE the ideas of some of the greatest thinkers in economics: Milton Friedman on economic freedom - J. K. Galbraith on 1929 - Friedrich Hayek on knowledge - Jane Jacobs on cities - J. M. Keynes on depressions - Thomas Malthus on population - Karl Marx on capital - David Ricardo on free trade - Joseph Schumpeter's 'creative destruction' - Adam Smith's 'invisible hand' - Max Weber's 'spirit of capitalism' GAIN the insights and research of contemporary economists and commentators: William Baumol on entrepreneurs - Gary Becker on human capital - Diane Coyle on GDP - Naomi Klein on neoliberalism - Paul Krugman on inequality - Deirdre McCloskey on ideas - Dambisa Moyo on aid - Thomas Piketty on wealth concentration - Amartya Sen on food security - Joseph Stiglitz on the euro - Richard Thaler on behavioral economics - Michael Lewis on the 2007-08 crisis - Dani Rodrik on globalization - Robert Shiller on asset bubbles DISCOVER the truth behind the headlines in these landmark bestsellers and works of economic history: Lords of Finance - The Second Machine Age - The Little Book of Common Sense Investing - 23 Things They Don't Tell You About Capitalism - The Ascent of Money - The Intelligent Investor - The Rise and Fall of American Growth - Freakonomics - The Competitive Advantage of Nations - The Mystery of Capital - Small is Beautiful - The Theory of the Leisure Class
Business & Economics

The Growth Delusion

The Wealth and Well-Being of Nations

Author: David Pilling

Publisher: Bloomsbury Publishing

ISBN: 140889372X

Category: Business & Economics

Page: 352

View: 3676

A revelatory and entertaining book about the pitfalls of how we measure our economy and how to correct them, by an award-winning editor of The Financial Times 'A near miracle' Ha-Joon Chang, author of 23 Things They Don't Tell You About Capitalism In The Growth Delusion, author and prize-winning journalist David Pilling explores how economists and their cult of growth have hijacked our policy-making and infiltrated our thinking about what makes societies work. Our policies are geared relentlessly towards increasing our standard measure of growth, Gross Domestic Product. By this yardstick we have never been wealthier or happier. So why doesn't it feel that way? Why are we living in such fractured times, with global populism on the rise and wealth inequality as stark as ever? In a book that is simultaneously trenchant, thought-provoking and entertaining, Pilling argues that we need to measure our successes and failures using different criteria. While for economic growth, heroin consumption and prostitution are worth more than volunteer work or public services, in a rational world we would learn how to value what makes economies better, not just what makes them bigger. So much of what is important to our wellbeing, from clean air to safe streets and from steady jobs to sound minds, lies outside the purview of our standard measure of success. We prioritise growth maximisation without stopping to think about the costs. In prose that cuts through the complex language so often wielded by a priesthood of economists, Pilling argues that our steadfast loyalty to growth is informing misguided policies – and contributing to a rising mistrust of experts that is shaking the very foundations of our democracy.
Business & Economics

Understanding the World Economy

Author: Tony Cleaver

Publisher: Routledge

ISBN: 1136191631

Category: Business & Economics

Page: 304

View: 3089

This fourth edition of Understanding the World Economy will continue to provide the reader with the clearest guide available to the global economic scene. Since the last edition was published in 2006, enormous changes have taken place. The world economy has been in upheaval with the biggest financial crash and ensuing recession since the 1930s; with a global re-ordering of economic power relations; with widespread demonstrations by those left behind; with divergent views about where Europe is heading; with a growing scarcity of essential resources; with increasing international terrorism and with increasing concerns of environmental degradation and climate change. To embrace such urgent issues, this text is an almost entirely rewritten version of earlier editions. Tony Cleaver takes a long look at the evolution of market systems and how they have liberated peoples on one side of the globe and yet driven others into debt, depression and despair. He analyses causes and consequences, and discusses (and sometimes dismisses) economic theories. Topics covered include: Why crashes occur What causes some countries to grow and others to stagnate Whether the Euro can survive The economic underpinnings of terrorism The dangers of climate change This book takes the student through the major characteristics of the global economy in jargon-free non-technical language. Chapter summary diagrams and a wealth of boxes and tables make this an essential introduction for undergraduates and A-level students, as well as the casual reader.
Business & Economics

Joseph Stiglitz and the World Bank

The Rebel Within

Author: Joseph E. Stiglitz,Ha-Joon Chang

Publisher: Anthem Press

ISBN: 1898855919

Category: Business & Economics

Page: 320

View: 8976

The most influential and controversial speeches of Joseph Stiglitz are gathered together for the first time in this volume, with an enlightening commentary by Ha-Joon Chang.
Mathematics

A Modern Introduction to Probability and Statistics

Understanding Why and How

Author: F.M. Dekking,C. Kraaikamp,H.P. Lopuhaä,L.E. Meester

Publisher: Springer Science & Business Media

ISBN: 1846281687

Category: Mathematics

Page: 488

View: 4460

Suitable for self study Use real examples and real data sets that will be familiar to the audience Introduction to the bootstrap is included – this is a modern method missing in many other books
Industrial policy

The Political Economy of Industrial Policy

Author: Ha-Joon Chang

Publisher: Palgrave Schol, Print UK

ISBN: 9780333588628

Category: Industrial policy

Page: 184

View: 2976

This study provides a comprehensive discussion of the controversial issue of industrial policy, drawing on some recent developments in economic theory in areas like political economy, institutional economics, industrial economics and theories of technical progress.
Business & Economics

21st Century Capitalism

Author: Robert L. Heilbroner

Publisher: W. W. Norton & Company

ISBN: 0393312283

Category: Business & Economics

Page: 176

View: 2915

Reflecting on the end of communism, the author of the best-selling The Worldly Philosophers examines the many faces of capitalism, looking for the aspects of a market economy that will be most capable of succeeding against today's toughest dilemmas.
Fiction

Revolutionary Road

The Easter Parade ; Eleven Kinds of Loneliness

Author: Richard Yates

Publisher: Everyman's Library

ISBN: 0307270890

Category: Fiction

Page: 661

View: 2211

A trio of classic works from a master American novelist features the author's first novel, Revolutionary Road, the story of a disintegrating marriage; The Easter Parade, about two sisters whose parents' divorce affects their entire lives; and Eleven Kinds of Loneliness, a collection of short stories. 17,500 first printing.
Business & Economics

I.O.U.

Why Everyone Owes Everyone and No One Can Pay

Author: John Lanchester

Publisher: Simon and Schuster

ISBN: 9781439169872

Category: Business & Economics

Page: 272

View: 6698

For most people, the reasons for the sudden collapse of our economy still remain obscure. I.O.U. is the story of how we came to experience such a complete financial disaster, starting with the magical proliferation of credit that led to an explosion of lending on the global and local landscapes of banking and finance. Viewing the crisis through the lens of politics, culture, and contemporary history—from the invention and widespread misuse of financial instruments to the culpability of subprime mortgages—Lanchester deftly draws conclusions on the limitations of financial and governmental regulation, capitalism’s deepest flaw, and most important, on the plain and simple facts of human nature where cash is concerned. With newly updated, superbly written reportage, Lanchester delivers a shrewd perspective and a digestible, comprehensive analysis that connects the dots for expert and casual reader alike. Part economic primer, part fiscal and historical analysis, I.O.U. is an eye-opener of a book.
Political Science

True Anarchy & Its Misconceptions

Author: Andrew Sheldon

Publisher: Andrew Sheldon

ISBN: 0992249929

Category: Political Science

Page: 99

View: 5985

This 99pp eBook offers an outline of anarchy and describes some of the pressing issues that tends to skew debate about what constitutes anarchy, and why much of the discussion around the left vs right anarchy tends only to engender political apprehensions that tilt the debate towards mainstream or contemporary politics.
History

The American Way of Strategy

Author: Michael Lind

Publisher: Oxford University Press

ISBN: 0195341414

Category: History

Page: 294

View: 360

In The American Way of Strategy, Lind argues that the goal of U.S. foreign policy has always been the preservation of the American way of life--embodied in civilian government, checks and balances, a commercial economy, and individual freedom. Lind describes how successive Americanstatesmen--from George Washington, Thomas Jefferson, and Alexander Hamilton to Franklin Roosevelt, Dwight Eisenhower, and Ronald Reagan--have pursued an American way of strategy that minimizes the dangers of empire and anarchy by two means: liberal internationalism and realism. At its best, theAmerican way of strategy is a well-thought-out and practical guide designed to preserve a peaceful and demilitarized world by preventing an international system dominated by imperial and militarist states and its disruption by anarchy. When American leaders have followed this path, they have led ournation from success to success, and when they have deviated from it, the results have been disastrous. Framed in an engaging historical narrative, the book makes an important contribution to contemporary debates. The American Way of Strategy is certain to change the way that Americans understandU.S. foreign policy. "A shrewd and plausible critique of the drift of policy since the cold war." --The New York Times "Lind's encyclopedic knowledge of U.S. history and extraordinary grasp of the intellectual history of U.S. politics qualify him to write with great authority and insight about the development of American grand strategy from the Washington administration to the present day, and this generallylevel-headed and balanced book will significantly enhance Lind's reputation in foreign policy circles." --Foreign Affairs
Business & Economics

Financial Liberalization and the Asian Crisis

Author: H. Chang,G. Palma,D. Whittaker

Publisher: Springer

ISBN: 0230518621

Category: Business & Economics

Page: 294

View: 7820

The financial crisis that hit a number of 'miracle' economies of Asia in 1997 shocked the world. Financial Liberalization and the Asian Crisis rejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economics systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing financial liquidity and volatility, and calls for a more cautious approach to financial liberalization, and a reform of the international financial architecture.