Wealth Poverty and Politics

Wealth  Poverty and Politics
Author: Thomas Sowell
Release: 2016-09-06
Editor: Basic Books
Pages: 576
ISBN: 9780465096770
Language: en
Available for:

DESCRIPTION BOOK:

In Wealth, Poverty, and Politics, Thomas Sowell, one of the foremost conservative public intellectuals in this country, argues that political and ideological struggles have led to dangerous confusion about income inequality in America. Pundits and politically motivated economists trumpet ambiguous statistics and sensational theories while ignoring the true determinant of income inequality: the production of wealth. We cannot properly understand inequality if we focus exclusively on the distribution of wealth and ignore wealth production factors such as geography, demography, and culture. Sowell contends that liberals have a particular interest in misreading the data and chastises them for using income inequality as an argument for the welfare state. Refuting Thomas Piketty, Paul Krugman, and others on the left, Sowell draws on accurate empirical data to show that the inequality is not nearly as extreme or sensational as we have been led to believe. Transcending partisanship through a careful examination of data, Wealth, Poverty, and Politics reveals the truth about the most explosive political issue of our time.

Wealth Poverty and Politics

Wealth  Poverty and Politics
Author: Thomas Sowell
Release: 2016-09-06
Editor: Hachette UK
Pages: 576
ISBN: 9780465096770
Language: en
Available for:

DESCRIPTION BOOK:

In Wealth, Poverty, and Politics, Thomas Sowell, one of the foremost conservative public intellectuals in this country, argues that political and ideological struggles have led to dangerous confusion about income inequality in America. Pundits and politically motivated economists trumpet ambiguous statistics and sensational theories while ignoring the true determinant of income inequality: the production of wealth. We cannot properly understand inequality if we focus exclusively on the distribution of wealth and ignore wealth production factors such as geography, demography, and culture. Sowell contends that liberals have a particular interest in misreading the data and chastises them for using income inequality as an argument for the welfare state. Refuting Thomas Piketty, Paul Krugman, and others on the left, Sowell draws on accurate empirical data to show that the inequality is not nearly as extreme or sensational as we have been led to believe. Transcending partisanship through a careful examination of data, Wealth, Poverty, and Politics reveals the truth about the most explosive political issue of our time.

Wealth Poverty and Politics

Wealth  Poverty and Politics
Author: Thomas Sowell
Release: 2016-09-06
Editor: Unknown
Pages: 624
ISBN: 046509676X
Language: en
Available for:

DESCRIPTION BOOK:

In Wealth, Poverty, and Politics, Dr. Thomas Sowell of the Hoover Institution, Stanford University, examines the reasons for large differences in income and wealth between nations and among groups within nations. A wide range of geographic, demographic, cultural, and political factors are examined, not to find a single factor or a single combination of factors that will explain all economic differences, but to show how particular combinations of factors limit or expand the possibilities for specific nations and peoples at specific times and places. Dr. Sowell also examines some popular explanations of these differences and shows why they will not stand up under scrutiny. In doing so, he takes on some of the reigning titans of the redistributionist movement--including John Rawls, Thomas Piketty, Paul Krugman, and Joseph Stiglitz--and shows how a remarkable number of their claims cannot withstand plain common sense, expressed in plain English.

Savage Economics

Savage Economics
Author: David L. Blaney,Naeem Inayatullah
Release: 2010-01-04
Editor: Routledge
Pages: 247
ISBN: 9781135265045
Language: en
Available for:

DESCRIPTION BOOK:

Challenges the powerful and pervasive ideas concerning political economy, international relations, and ethics in the modern world. This title provides a fundamental cultural critique of political economy and critically describes the nature of the mainstream understanding of economics.

Applied Economics

Applied Economics
Author: Thomas Sowell
Release: 2008-12-09
Editor: Basic Books
Pages: 352
ISBN: 9780786722709
Language: en
Available for:

DESCRIPTION BOOK:

The application of economics to major contemporary real world problems -- housing, medical care, discrimination, the economic development of nations -- is the theme of this new book that tackles these and other issues head on in plain language, as distinguished from the usual jargon of economists. It examines economic policies not simply in terms of their immediate effects but also in terms of their later repercussions, which are often very different and longer lasting. The interplay of politics with economics is another theme of Applied Economics, whose examples are drawn from experiences around the world, showing how similar incentives and constraints tend to produce similar outcomes among very disparate peoples and cultures.

Behind the Development Banks

Behind the Development Banks
Author: Sarah Babb
Release: 2009-08-01
Editor: University of Chicago Press
Pages: 336
ISBN: 9780226033679
Language: en
Available for:

DESCRIPTION BOOK:

The World Bank and other multilateral development banks (MDBs) carry out their mission to alleviate poverty and promote economic growth based on the advice of professional economists. But as Sarah Babb argues in Behind the Development Banks, these organizations have also been indelibly shaped by Washington politics—particularly by the legislative branch and its power of the purse. Tracing American influence on MDBs over three decades, this volume assesses increased congressional activism and the perpetual “selling” of banks to Congress by the executive branch. Babb contends that congressional reluctance to fund the MDBs has enhanced the influence of the United States on them by making credible America’s threat to abandon the banks if its policy preferences are not followed. At a time when the United States’ role in world affairs is being closely scrutinized, Behind the Development Banks will be necessary reading for anyone interested in how American politics helps determine the fate of developing countries.

Oil Wealth and the Poverty of Politics

Oil Wealth and the Poverty of Politics
Author: Miriam R. Lowi
Release: 2009-11-12
Editor: Cambridge University Press
Pages: 329
ISBN: 9781139481755
Language: en
Available for:

DESCRIPTION BOOK:

How can we make sense of Algeria's post-colonial experience – the tragedy of unfulfilled expectations, the descent into violence, the resurgence of the state? Oil Wealth and the Poverty of Politics explains why Algeria's domestic political economy unravelled from the mid-1980s, and how the regime eventually managed to regain power and hegemony. Miriam Lowi argues the importance of leadership decisions for political outcomes, and extends the argument to explain the variation in stability in oil-exporting states following economic shocks. Comparing Algeria with Iran, Iraq, Indonesia and Saudi Arabia, she asks why some states break down and undergo regime change, while others remain stable, or manage to re-stabilise after a period of instability. In contrast with exclusively structuralist accounts of the rentier state, this book demonstrates, in a fascinating and accessible study, that political stability is a function of the way in which structure and agency combine.

Wealth And Poverty Of Nations

Wealth And Poverty Of Nations
Author: David S. Landes
Release: 2015-04-20
Editor: Hachette UK
Pages: 672
ISBN: 9780349141442
Language: en
Available for:

DESCRIPTION BOOK:

The history of nations is a history of haves and have-nots, and as we approach the millennium, the gap between rich and poor countries is widening. In this engrossing and important new work, eminent historian David Landes explores the complex, fascinating and often startling causes of the wealth and poverty of nations. The answers are found not only in the large forces at work in economies: geography, religion, the broad swings of politics, but also in the small surprising details. In Europe, the invention of spectacles doubled the working life of skilled craftsmen, and played a prominent role in the creation of articulated machines, and in China, the failure to adopt the clock fundamentally hindered economic development. The relief of poverty is vital to the survival of us all. As David Landes brilliantly shows, the key to future success lies in understanding the lessons the past has to teach us - lessons uniquely imparted in this groundbreaking and vital book which exemplifies narrative history at its best.

Why Nations Fail

Why Nations Fail
Author: Daron Acemoglu,James A. Robinson
Release: 2013-09-17
Editor: Currency
Pages: 546
ISBN: 9780307719225
Language: en
Available for:

DESCRIPTION BOOK:

Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.

Seeking the City

Seeking the City
Author: Chad Brand,Tom Pratt
Release: 2013
Editor: Kregel Academic & Professional
Pages: 905
ISBN: 0825443040
Language: en
Available for:

DESCRIPTION BOOK:

The Power of Productivity

The Power of Productivity
Author: William W. Lewis
Release: 2005-09-01
Editor: University of Chicago Press
Pages: 368
ISBN: 9780226477008
Language: en
Available for:

DESCRIPTION BOOK:

The disparity between rich and poor countries is the most serious, intractable problem facing the world today. The chronic poverty of many nations affects more than the citizens and economies of those nations; it threatens global stability as the pressures of immigration become unsustainable and rogue nations seek power and influence through extreme political and terrorist acts. To address this tenacious poverty, a vast array of international institutions has pumped billions of dollars into these nations in recent decades, yet despite this infusion of capital and attention, roughly five billion of the world's six billion people continue to live in poor countries. What isn't working? And how can we fix it? The Power of Productivity provides powerful and controversial answers to these questions. William W. Lewis, the director emeritus of the McKinsey Global Institute, here draws on extensive microeconomic studies of thirteen nations over twelve years—conducted by the Institute itself—to counter virtually all prevailing wisdom about how best to ameliorate economic disparity. Lewis's research, which included studying everything from state-of-the-art auto makers to black-market street vendors and mom-and-pop stores, conclusively demonstrates that, contrary to popular belief, providing more capital to poor nations is not the best way to help them. Nor is improving levels of education, exchange-rate flexibility, or government solvency enough. Rather, the key to improving economic conditions in poor countries, argues Lewis, is increasing productivity through intense, fair competition and protecting consumer rights. As The Power of Productivity explains, this sweeping solution affects the economies of poor nations at all levels—from the viability of major industries to how the average consumer thinks about his or her purchases. Policies must be enacted in developing nations that reflect a consumer rather than a producer mindset and an attendant sense of consumer rights. Only one force, Lewis claims, can stand up to producer special privileges—consumer interests. The Institute's unprecedented research method and Lewis's years of experience with economic policy combine to make The Power of Productivity the most authoritative and compelling view of the global economy today, one that will inform political and economic debate throughout the world for years to come.

The Wealth and Poverty of Cities

The Wealth and Poverty of Cities
Author: Mario Polèse
Release: 2019-09-02
Editor: Oxford University Press
Pages: 329
ISBN: 9780190053734
Language: en
Available for:

DESCRIPTION BOOK:

That some cities are vibrant while others are in decline is starkly apparent. In The Wealth and Poverty of Cities, Mario Polèse argues that focusing on city attributes is too narrow. Cities do not control the basic conditions that determine their success or failure as sources of economic growth and well-being. Nations matter because successful metropolitan economies do not spring forth spontaneously. The values, norms, and institutions that shape social relationships are national attributes. The preconditions for the creation of wealth-the rule of law, public education, and sound macroeconomic management among the most fundamental-are the responsibility of the state. By considering national fiscal and monetary policies and state policies governing the organization of cities, this book disentangles two processes: the mechanics of creating wealth and the mechanics of agglomeration or capturing wealth. Polèse explains the two-stage process in which the proper conditions must first be in place for the benefits of agglomeration to fully flower. Polèse interweaves evocative descriptions of various cities, contrasting cities that have been helped or hurt by local and national policies wise or ill-advised. From New York to Vienna, Buenos Aires to Port au Prince, the cities come to life. Throughout the book Polèse highlights four factors that help explain strengths and weaknesses of cities as foci of economic opportunity and social cohesion: institutions, people, centrality, and chance. The result is a nuanced and accessible introduction to the economy of cities and an original perspective on what needs to improve. Cities that have managed to produce livable urban environments for the majority of their citizens mirror the societies that spawned them. Similarly, cities that have failed are almost always signs of more deep-rooted failures. If the nation does not work, neither will its cities.

Wealth Poverty and Human Destiny

Wealth  Poverty  and Human Destiny
Author: Doug Bandow,David Schindler
Release: 2014-05-06
Editor: Open Road Media
Pages: 350
ISBN: 9781497646803
Language: en
Available for:

DESCRIPTION BOOK:

The rapid spread of the liberal market order across the globe poses a host of new and complex questions for religious believers—indeed, for anyone concerned with the intersection of ethics and economics. Is the market economy, particularly as it affects the poor, fundamentally compatible with Christian moral and social teaching? Or is it in substantial tension with that tradition? In Wealth, Poverty, and Human Destiny, editors Doug Bandow and David L. Schindler bring together some of today’s leading economists, theologians, and social critics to consider whether the triumph of capitalism is a cause for celebration or concern. Michael Novak, Richard John Neuhaus, Max Stackhouse, and other defenders of democratic capitalism marshal a number of arguments in an attempt to show that, among other things, capitalism is more Christian in its foundation and consequences than is conceded by its critics—that, as Stackhouse and Lawrence Stratton write, “the roots of the modern corporation lie in the religious institutions of the West,” and that, as Novak contends, “globalization is the natural ecology” of Christianity. The critics of liberal economics argue, on the other hand, that it is historically and theologically shortsighted to consider the global capitalist order and the liberalism that sustains it as the only available option. Any system which has as its implicit logic that “stable and preserving relationships among people, places, and things do not matter and are of no worth,” in the words of Wendell Berry, should be regarded with grave suspicion by religious believers and all men and women of goodwill. Bandow and Schindler take up these arguments and many others in their responses, which carefully consider the claims of the essayists and thus pave the way for a renewed dialogue on the moral status of capitalism, a dialogue only now re-emerging from under the Cold War rubble. The contributors’ fresh, insightful examinations of the intersection between religion and economics should provoke a healthy debate about the intertwined issues of the market, globalization, human freedom, the family, technology, and democracy.

The Wealth and Poverty of African States

The Wealth and Poverty of African States
Author: Morten Jerven
Release: 2022-01-13
Editor: Cambridge University Press
Pages: 197
ISBN: 9781108424592
Language: en
Available for:

DESCRIPTION BOOK:

A new account of economic performance and state development in African countries across the long twentieth century.

The Invisible Hand

The Invisible Hand
Author: Adam Smith
Release: 2008-08-07
Editor: Penguin UK
Pages: 144
ISBN: 9780141963358
Language: en
Available for:

DESCRIPTION BOOK:

Adam Smith’s landmark treatise on the free market paved the way for modern capitalism, arguing that competition is the engine of a productive society, and that self-interest will eventually come to enrich the whole community, as if by an ‘invisible hand’. Throughout history, some books have changed the world. They have transformed the way we see ourselves – and each other. They have inspired debate, dissent, war and revolution. They have enlightened, outraged, provoked and comforted. They have enriched lives – and destroyed them. Now Penguin brings you the works of the great thinkers, pioneers, radicals and visionaries whose ideas shook civilization and helped make us who we are.

Basic Economics

Basic Economics
Author: Thomas Sowell
Release: 2014-12-02
Editor: Basic Books
Pages: 704
ISBN: 9780465056842
Language: en
Available for:

DESCRIPTION BOOK:

The bestselling citizen's guide to economics Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.

The Growth Delusion

The Growth Delusion
Author: David Pilling
Release: 2018-01-25
Editor: Bloomsbury Publishing
Pages: 352
ISBN: 9781408893722
Language: en
Available for:

DESCRIPTION BOOK:

SHORTLISTED FOR THE ORWELL PRIZE FOR POLITICAL WRITING 2019 'A near miracle' Ha-Joon Chang, author of 23 Things They Don't Tell You About Capitalism According to the economy, we have never been wealthier or happier. So why doesn't it feel that way? The Growth Delusion explores how we prioritise growth maximisation without stopping to think about the costs. So much of what is important to our well-being, from safe streets to sound minds, lies outside the purview of statistics. In a book that is both thought-provoking and entertaining, David Pilling argues that our steadfast loyalty to growth is informing misguided policies, and proposes different criteria for measuring our success.

The Shame of Poverty

The Shame of Poverty
Author: Robert Walker
Release: 2014-07-10
Editor: OUP Oxford
Pages: 224
ISBN: 9780191507700
Language: en
Available for:

DESCRIPTION BOOK:

The Shame of Poverty invites the reader to question their understanding of poverty by bringing into close relief the day-to-day experiences of low-income families living in societies as diverse as Norway and Uganda, Britain and India, China, South Korea, and Pakistan. The volume explores Nobel laureate Amartya Sen's contention that shame lies at the core of poverty. Drawing on original research and literature from many disciplines, it reveals that the pain of poverty extends beyond material hardship. Rather than being shameless, as is often claimed by the media, people in poverty almost invariably feel ashamed at being unable to fulfil their personal aspirations or to live up to societal expectations due to their lack of income and other resources. Such shame not only hurts, adding to the negative experience of poverty, but undermines confidence and individual agency, can lead to depression and even suicide, and may well contribute to the perpetuation of poverty. Moreover, people in poverty are repeatedly exposed to shaming by the attitudes and behaviour of the people they meet, by the tenor of public debate that either dismisses them or labels them as lazy and in their dealings with public agencies. Public policies would be demonstrably more successful if, instead of stigmatising people for being poor, they treated them with respect and sought actively to promote their dignity. This book, together with the companion volume Poverty and Shame: Global Experiences, presents comparable evidence from the seven countries, challenges the conventional thinking that separates discussion of poverty found in the Global North from that prevalent in the Global South. It demonstrates that the emotional experience of poverty, with its attendant social and psychological costs, is surprisingly similar despite marked differences in material well-being and varied cultural traditions and political systems. In so doing, the volumes provide a foundation for a more satisfactory global conversation about the phenomenon of poverty than that which has hitherto been frustrated by disagreement about whether poverty is best conceptualised in absolute or relative terms. The volume draws on the ground-breaking research of an international team: Grace Bantebya-Kyomuhendo, Elaine Chase, Sohail Choudhry, Erika Gubrium, Ivar Lødemel, JO Yongmie (Nicola), Leemamol Mathew, Amon Mwiine, Sony Pellissery and YAN Ming.

Sovereign Wealth Funds

Sovereign Wealth Funds
Author: Christopher Balding
Release: 2012-03-22
Editor: Oxford University Press
Pages: 231
ISBN: 9780199842902
Language: en
Available for:

DESCRIPTION BOOK:

Establishing a political, economic, and historical framework to study sovereign wealth funds, this book provides the broadest and most detailed analysis to date.

Globalization and Poverty

Globalization and Poverty
Author: Ann Harrison
Release: 2007-11-01
Editor: University of Chicago Press
Pages: 536
ISBN: 9780226318004
Language: en
Available for:

DESCRIPTION BOOK:

Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.