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Economics in One Virus provides an introduction to timeless economic insights using the case study of COVID-19.
Price controls across many sectors are currently being hotly debated. New controls in the housing market, more onerous minimum wages, minimum prices for alcohol, and freezes on energy prices are very high up the agenda of most politicians at the moment. Even without any further controls, wages, university fees, railway fares and many financial products already have their prices at least partly determined by politicians rather than by supply and demand in the market. Indeed, barely a sector of the UK economy is unaffected in one way or another by government controls on prices. This book demonstrates why economists do not like price controls and shows why they are widely regarded as being amongst the most damaging political interventions in markets. The authors analyse, in a very readable fashion, the damage they cause. Crucially, the authors also explain why, despite universal criticism from economists, price controls are so popular amongst politicians.
An urgent and informed look at the challenges Britain and world governments will face in a post-Covid-19 world. The Covid crisis has not just highlighted the failures of certain governments, it is accelerating a shift in the balance of power from West to East. After a decade where politics in the US and the UK has been consumed with inward-facing struggles, countries like South Korea, Singapore, Taiwan, as well as China, have made extraordinary advances economically, technologically and politically. In this beautifully crafted essay, Micklethwait and Wooldridge explain how we ended up in this mess and explore the possible routes out. If Western governments respond creatively to the crisis, they will have a chance of reversing decades of decline; if they dither and delay while Asia continues to improve, the prospect of a new Eastern-dominated world order will increase. The big question facing the world is whether the West can rise to the challenge as it has before.
"A truly excellent book that explains where our pandemic response went wrong, and how we can understand those failings using the tools of economics." —Tyler Cowen, Holbert L. Harris Chair of Economics at George Mason University and coauthor of the blog Marginal Revolution Have you ever stopped to wonder why hand sanitizer was missing from your pharmacy for months after the COVID-19 pandemic hit? Why some employers and employees were arguing over workers being re-hired during the first COVID-19 lockdown? Why passenger airlines were able to get their own ring-fenced bailout from Congress? Economics in One Virus answers all these pandemic-related questions and many more, drawing on the dramat...
A “thought-provoking” one-volume distillation of the author’s powerful trilogy in praise of the middle class’s role in creating a better, and richer, world (Library Journal). The economist and historian Deirdre Nansen McCloskey has been best known recently for her Bourgeois Era trilogy, a vigorous defense, unrivaled in scope, of commercially tested betterment. Its massive volumes, The Bourgeois Virtues, Bourgeois Dignity, and Bourgeois Equality, solve Adam Smith’s puzzle of the nature and causes of the wealth of nations, and of the moral sentiments of modernity. The world got rich, she argues, not chiefly by material causes but by an idea and a sentiment, a new admiration for the m...
Introduction -- The cultural commons -- Culture as moral beliefs -- Culture as instrument -- The rise of flourishing societies -- The free market democracy dilemma -- The fall of flourishing societies -- Family, religion, government, and civilization -- Conclusion
Are multi-national corporations like Walmart and Amazon laying the groundwork for international socialism? For the left and the right, major multinational companies are held up as the ultimate expressions of free-market capitalism. Their remarkable success appears to vindicate the old idea that modern society is too complex to be subjected to a plan. And yet, as Leigh Phillips and Michal Rozworski argue, much of the economy of the West is centrally planned at present. Not only is planning on vast scales possible, we already have it and it works. The real question is whether planning can be democratic. Can it be transformed to work for us? An engaging, polemical romp through economic theory, computational complexity, and the history of planning, The People’s Republic of Walmart revives the conversation about how society can extend democratic decision-making to all economic matters. With the advances in information technology in recent decades and the emergence of globe-straddling collective enterprises, democratic planning in the interest of all humanity is more important and closer to attainment than ever before.
Jason Bourne is back this summer with a major motion picture starring Matt Damon and Alicia Vikander. Re-discover the original Jason Bourne in THE BOURNE ENIGMA – a brand new Jason Bourne novel. Jason Bourne is in Moscow to attend the wedding of his old friend and fellow spymaster General Boris Karpov. But amid the celebrations, the General has an important message to deliver to Bourne – 'a lifeline,' he says, 'for the end of the world'. Before Bourne can decipher this enigmatic warning, Karpov's wedding ends in chaos and bloodshed. Bourne discovers that the Russian has betrayed the Kremlin to forewarn him of the crippling disaster about to engulf the world. Bourne has just four days to discover the nature of the catastrophe and halt it. To get to the truth, Bourne must first track down an infamous and elusive arms dealer – a man both he and Karpov have been hunting for years. With the clock ticking, Bourne follows a labyrinthine path that weaves from the underbelly of Moscow to the pyramids of Egypt and the war-torn border between Syria and Turkey as he races to stop a world-threatening conspiracy in its tracks.
"Ryan Drake is a man who finds people who don't want to be found. Once a soldier in the British Army, he now works for the CIA as a 'shepherd' - an elite investigation team that finds and brings home missing agents. But his latest mission - to free a prisoner codenamed Maras from a maximum security prison and bring her back to US soil within forty-eight hours - is more dangerous than anything he and his team have attempted before. Despite the risks, the team successfully completes their mission, but for Drake the real danger has only just begun. Faced with a terrible threat, he is forced to go on the run with Maras - a veteran agent scarred by years of brutal imprisonment. Hunted by their former comrades and those willing to do anything to protect a deadly secret, Drake is left with no choice but to trust a dangerous woman he barely knows. For he has only one chance to save those he loves and time is running out..."
Ryan Quinn and the Rebel’s Escape is the first fast-paced, sensational novel in a trilogy about a New York City teenager who could give James Bond and Jason Bourne a run for their money. Fans of Alex Rider and the Spy School series will be completely enthralled. Ryan Quinn hopes his traveling days are over. The son of a United Nations worker, he’s grown up in Europe, the Middle East, Asia, Africa—everywhere but home. He’s finally settled at a great school in New York and is making friends when, suddenly, his world is turned upside down. Ryan is blindsided when his father disappears and his mother is abducted. Left with nothing but questions, he soon discovers his parents have been le...