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This book explains the importance of the history of economic thought in the curriculum of economists, whereas most discussions of this kind are devoted to explaining why such study is of value simply to the individual economist.
Steve Kates, a native New Yorker, spent twenty-nine years as a senior advertising executive, and eleven years in Florida in various corporate positions. After retiring in 2000, he returned to his first love, writing. He was a film reviewer and feature article writer for the Boca Raton OBSERVER for ten years. More recently, Kates has been teaching Memoir and Short Story Writing at the Institute for Learning in Retirement (a non-profit adult education facility), where he also serves on the Board of Directors. He lives with his wife, Linda, in Boca Raton, where they enjoy family, extensive traveling, tennis and art/antique collecting.
The 2008-10 financial crisis and the global recession it created is a complex phenomenon that warrants detailed examination. The various essays in the book utilise several alternative paradigms to provide a plausible explanation and a credible cure. This book provides this important analysis in great detail and from different theoretical perspectives, presenting a clearer understanding of what went wrong and expounding misinterpretations of current theories and practices. Thirteen insightful chapters by eminent scholars investigate the background of the crisis and draw lessons for economic theory and policy. They largely illustrate that the roots of the recession lie in the financial sector which, over the past few decades, has expanded considerably in terms of both size and complexity. They show that financial innovation has decoupled the real and financial sectors - not always to the benefit of economic stability - and argue that financial markets should be regulated more astutely in order to reinforce transparency and accountability. The book concludes that economics as a science should give proper weight to financial variables and integrate them into its models.
Pure happiness is a Walt Disney, M-G-M myth, which is why their beatific output has been so universally embraced for decades. Its what everyone wants but will never attain. Ozzie and Harriet were a lie! I have selected incidents from my life that reflect both the laughs and the sad underbellies of my familial connections and interactions. There are good people, and there are good people doing bad things, knowingly or not. There are mean-spirited people. There are pathetic people. There are smart and unintelligent people, both making good and poor choices. And there are failures. Yet I would wager that if you could have polled the characters herein, 95% of them would say they had happy lives....
Debunking Economics exposes what many non-economists may have suspected and a minority of economists have long known: that economic theory is not only unpalatable, but also plain wrong. When the original Debunking was published back in 2001, the market economy seemed invincible, and conventional 'neoclassical' economic theory basked in the limelight. Steve Keen argued that economists deserved none of the credit for the economy's performance, and that 'the false confidence it has engendered in the stability of the market economy has encouraged policy-makers to dismantle some of the institutions which initially evolved to try to keep its instability within limits'. That instability exploded wi...
This innovative book focuses on the current global financial crisis and the inadequacies of the economic theories being used to guide policy. In so doing, it tackles the economic theories that have been used firstly to understand its causes and thereafter to contain the damage it has brought.
The Global Financial Crisis is a unique investigation into the causes of the most savage economic downturn experienced since the Great Depression. Employing wide and divergent perspectives Ð which are themselves critically examined Ð this study analyses the measures that have been taken to restore our economies to acceptable rates of unemployment and growth. This book brings together economists, all of whom are from outside the mainstream and who collectively represent the broadest range of views from across the entire spectrum of economic opinion, to examine what has been learnt from this experience. With the advent of this challenging new work, these alternative perspectives should now r...
This book is composed of nineteen short works.
'It was a humbling experience to read the product of such a remarkable feat of scholarship. It is all at once an exploration in analytic history and a complete text of Islamic finance theory and application. It is also one of the most succinct renditions of the evolution of Islamic finance embedded in a comprehensive account of the particularities of economies as diverse as Malaysia and Turkey. This is a unique contribution to Islamic finance and Islamic economic history. It has been a rewarding learning experience. It is truly a breathtaking effort.' – Abbas Mirakhor, former IMF Executive Director and the recipient of the Islamic Development Bank Prize in Islamic Economics (2003) This ill...
Articles The State - Errors of Classical Liberalism Hans-Hermann Hoppe Natural Law and the Libertarian Society Ben O'Neill Secession as Political Reform: The Case of Western Australia Sukrit Sabhlok Mises' Apriorism: Tautology or Theory of Praxis? Cade Share Individual Freedom, International Trade and International Conflict Alex Robson McDonaldization: An Analysis of George Ritzer's Theories and Assertions John Engle The Years since 9/11: What Hath Our Rulers Wrought? Chris Leithner Book Reviews The Evil Princes of Martin Place Liberty Defined (Ron Paul) Beyond Politics (Randy Simmons) The Frankenstein Candidate (Vinay Kolhatkar) Trust Your Enemies (Mark Tier) Steve Kates Mark Hornshaw Luke McGrath Sukrit Sabhlok Marc Lerner