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Economics

The Return to Keynes
Edited by Bradley Bateman
Edited by Toshiaki Hirai
Edited by Maria Cristina Marcuzzo
Keynesian economics, which proposed that the government could use monetary and fiscal policy to help the economy avoid the extremes of recession and inflation, held sway for thirty years after World War II. However, it was discredited after the stagflation of the 1970s, only to see a rebirth, most dramatically illustrated during the past year when central banks have pumped billions of dollars of liquidity into the world’s financial system to address the crises of confidence, illiquidity, and insolvency that were triggered by the sub-prime lending crisis. The Return to Keynes puts Keynesian economics in a fresh perspective in order to assess this surprising new era in economic policy making.
Hardcover February 2010
Natural Experiments of History
Edited by Jared Diamond
Edited by James A. Robinson
This book consists of eight comparative studies drawn from history, archeology, economics, economic history, geography, and political science. The studies cover a spectrum of approaches, ranging from a non-quantitative narrative style in the early chapters to quantitative statistical analyses in the later chapters. The societies discussed are contemporary ones, literate societies of recent centuries, and non-literate past societies. Geographically, they include the United States, Mexico, Brazil, western Europe, tropical Africa, India, Siberia, Australia, New Zealand, and other Pacific islands.
Hardcover January 2010
Surviving Large Losses
Philip T. Hoffman
Gilles Postel-Vinay
Jean-Laurent Rosenthal
When financial institutions collapse, new ones take their place, shaping markets for generations to come. This book explains why financial crises occur, why their effects last so long, and what political and economic conditions can help countries both rich and poor survive, and even prosper, in the aftermath. Although there is no panacea for such crises, the authors argue that it is possible to strengthen existing financial institutions, encourage economic growth, and limit the harm that future catastrophes can do.
Paperback September 2009
Worst-Case Scenarios
Cass R. Sunstein
Nuclear bombs in suitcases, anthrax bacilli in ventilators, tsunamis and meteors, avian flu, scorchingly hot temperatures: nightmares that were once the plot of Hollywood movies are now frighteningly real possibilities. Sunstein explores these and other worst-case scenarios and how we might best prevent them in this vivid, illuminating, and highly original analysis.
Paperback May 2009
Capitalists, Workers, and Fiscal Policy
Thomas R. Michl
Drawing on the work of the classical-Marxian economists and their modern successors, this book sets forth a new model of economic growth and distribution, and applies it to two major policy issues: public debt and social security.
Hardcover January 2009