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Secular stagnation
The biggest economic debate of our time centres around one fundamental question: is the decreased growth in today's world economy a short-term glitch -- or is it part of a permanent spiral? Without an answer, we have no hope of steering our international economies back towards the growth they need. After the global financial crisis, Larry Summers, Harvard professor and former director of the White House National Economic Council, reintroduced into economic debate the concept of 'secular stagnation', arguing persuasively that we're stuck in a trap of persistent low growth and depressed employment. The causes are various, from new technologies that have shifted the economy to zero-cost designed goods, to interest rates that can't go lower than zero. Without bold government intervention, there's no way out. And there's no time to lose.
The Post-Widget Society
Lawrence H. Summers presents a new paradigm for thinking about the current economic and technological revolution We are buffeted by the sense that everything is accelerating: Digital technology is changing the way we work, shop, and socialize. And yet for all the talk about disruptive innovations, economic growth is largely stagnant. We are told that with new technologies average citizens are empowered as never before, and yet wide swaths of the population feel powerless and can no longer count on stable careers and a better life for their children. As Lawrence H. Summers shows in The Post-Widget Society, these are the paradoxes that define the economic revolution that is transforming our wo...
Evolution or Revolution?
Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability. The Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroeconomic policy. Should the financial crisis and the Great Recession lead to yet another major reassessment, to another intellectual revolution? Will it? If so, what form should it, or will it, take? These are the questions taken up in this book, in a series of contributions by policymakers and ac...
Understanding Unemployment
This collection of work by Lawrence Summers and colleagues Kim Clark, James Poterba, Gregory Mankiw, Julio Rotemberg, and Olivier Blanchard explores new theories of joblessness that could eventually explain why unemployment remains high despite relatively healthy economic growth. It is based on the notion that joblessness is an important, measurable, and definable concept of pervasive importance in modern economies. Understanding Unemployment contains a number of articles that have changed the way economists think about unemployment. These examine the burden of unemployment, the extent to which normal measures understate its consequences, its relationship to supply and demand factors, and th...
A Certain Hunger
'Irresistable.' Megan Abbott 'A gory, gorgeous feast of a book.' Kiran Millwood Hargrave 'This book is crazy. You have to read it.' Bon Appetit Dorothy Daniels has always had a voracious - and adventurous - appetite. From her idyllic farm-to-table childhood (homegrown tomatoes, thick slices of freshly baked bread) to the heights of her career as a food critic (white truffles washed down with Barolo straight from the bottle) Dorothy has never been shy about indulging her exquisite tastes - even when it lead to her plunging an ice pick into her lover's neck. There is something inside Dorothy that makes her different from everybody else. Something she's finally ready to confess. But beware: her...
The Politics of Truth
C. Wright Mills was a radical public intellectual, a tough-talking, motorcycle-riding anarchist from Texas who taught sociology at Columbia University. Mills's three most influential books--The Power Elite, White Collar, and The Sociological Imagination--were originally published by OUP and are considered classics. The first collection of his writings to be published since 1963, The Politics of Truth contains 23 out-of-print and hard-to-find writings which show his growth from academic sociologist to an intellectual maestro in command of a mature style, a dissenter who sought to inspire the public to oppose the drift toward permanent war. Given the political deceptions of recent years, Mills's truth-telling is more relevant than ever. Seminal papers including "Letter to the New Left" appear alongside lesser known meditations such as "Are We Losing Our Sense of Belonging?" John Summers provides fresh insights in his introduction, which gives an overview of Mills's life and career. Summers has also written annotations that establish each piece's context and has drawn up a comprehensive bibliography of Mills's published and unpublished writings.
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COVID-19 and World Order
Kissinger Center for Global Affairs, Johns Hopkins University Press is pleased to donate funds to the Maryland Food Bank, in support of the university's food distribution efforts in East Baltimore during this period of food insecurity due to COVID-19 pandemic hardships.
