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The Assumptions Economists Make
Economists make confident assertions in op-ed columns and on cable news—so why are their explanations at odds with equally confident assertions from other economists? And why are all economic predictions so rarely borne out? Harnessing his frustration with this contradiction, Schlefer set out to investigate how economists arrive at their opinions.
The Assumptions Economists Make
Economists make confident assertions in op-ed columns and on cable news—so why are their explanations often at odds with equally confident assertions from other economists? And why are all economic predictions so rarely borne out? Harnessing his frustration with these contradictions, Jonathan Schlefer set out to investigate how economists arrive at their opinions. “A lucid, plain-spoken account of the major economic models, which [Schlefer] introduces in chronological order, creating a kind of intellectual history of macroeconomics. He explains what the models assume, what they actually demonstrate—and where they fall short.” —Binyamin Applebaum, New York Times blog “Fascinating....
Palace Politics
Bringing rare interviews and meticulous research to the cloaked world of Mexican politics in the mid-twentieth century, Palace Politics provides a captivating look at the authoritarian Mexican state—one of the longest-lived regimes of its kind in recent history—as well as the origins of political instability itself, with revelations that can be applied to a variety of contemporary political situations around the globe. Culling a trove of remarkable firsthand accounts from former Mexican presidents, finance ministers, interior ministers, and other high officials from the 1950s through the 1980s, Jonathan Schlefer describes a world in which elite politics planted the seeds of a mammoth soc...
New Foundations of Cost-Benefit Analysis
In this book, the authors reconceptualize cost-benefit analysis, arguing that its objective should be overall well-being rather than economic efficiency. This book not only places cost-benefit analysis on a firmer theoretical foundation, but also has many practical implications for how government agencies should undertake cost-benefit studies.
Beyond the Invisible Hand
Why economics needs to focus on fairness and not just efficiency One of the central tenets of mainstream economics is Adam Smith's proposition that, given certain conditions, self-interested behavior by individuals leads them to the social good, almost as if orchestrated by an invisible hand. This deep insight has, over the past two centuries, been taken out of context, contorted, and used as the cornerstone of free-market orthodoxy. In Beyond the Invisible Hand, Kaushik Basu argues that mainstream economics and its conservative popularizers have misrepresented Smith's insight and hampered our understanding of how economies function, why some economies fail and some succeed, and what the nat...
The Struggle for Accountability
After a history of funding environmentally costly megaprojects, the World Bank now claims that it is trying to become a leading force for sustainable development. For more than a decade, nongovernmental organizations (NGOs) and grassroots movements have formed transnational coalitions to reform the World Bank and the governments that it funds. The Struggle for Accountability assesses the efforts of these groups to make the World Bank more publicly accountable. The book is organized into four parts. Part I describes the NGOs and grassroots movements that are the book's central focus. Part II presents case studies of four projects that provoked the emergence of transnational advocacy coalition...
Energy Capitals
Fossil fuels propelled industries and nations into the modern age and continue to powerfully influence economies and politics today. As Energy Capitals demonstrates, the discovery and exploitation of fossil fuels has proven to be a mixed blessing in many of the cities and regions where it has occurred. With case studies from the United States, Canada, Mexico, Norway, Africa, and Australia, this volume views a range of older and more recent energy capitals, contrasts their evolutions, and explores why some capitals were able to influence global trends in energy production and distribution while others failed to control even their own destinies. Chapters show how local and national politics, s...
The Green Tiger
"The Philippines was once famous for the beauty of its reef-ringed islands, white beaches, and lush forests. In less than a half-century, its forests were felled, its oceans over-fished, and its coral reefs destroyed. The rapid harvest of once-abundant resources has brought droughts, deadly flash floods, and the collapse of vital fisheries. As the rural economy weakened and millions migrated to cities, they overwhelmed the urban infrastructure. Today, the Philippines stands as an example of the profound and sweeping consequences of ecological decline. In The Green Tiger, Barbara Goldoftas documents this tragic trajectory. But hers is not a story of hopelessness and inevitable defeat. In lyrical, unflinching prose, she traces the struggle for conservation in the Philippines, from isolated villages to large cities, and in the process illustrates the surprising ways in which conservation and economic growth can effectively co-exist."--Publisher's website.
Telecompetition
A telecommunications expert says a free market promotes the information superhighway.
The Vice of Luxury
Luxury. The word alone conjures up visions of attractive, desirable lifestyle choices, yet luxury also faces criticism as a moral vice harmful to both the self and society. Engaging ideas from business, marketing, and economics, The Vice of Luxury takes on the challenging task of naming how much is too much in today's consumer-oriented society. David Cloutier’s critique goes to the heart of a fundamental contradiction. Though overconsumption and materialism make us uneasy, they also seem inevitable in advanced economies. Current studies of economic ethics focus on the structural problems of poverty, of international trade, of workers' rights—but rarely, if ever, do such studies speak directly to the excesses of the wealthy, including the middle classes of advanced economies. Cloutier proposes a new approach to economic ethics that focuses attention on our everyday economic choices. He shows why luxury is a problem, explains how to identify what counts as the vice of luxury today, and develops an ethic of consumption that is grounded in Christian moral convictions.
