The Age of Oversupply

The Age of Oversupply PDF Author: Daniel Alpert
Publisher: Penguin
ISBN: 159184701X
Category : Business & Economics
Languages : en
Pages : 302

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Book Description
Governments and central banks across the developed world have tried every policy tool imaginable, yet our economies remain sluggish or worse. How did we get here, and how can we compete and prosper once more? Daniel Alpert argues that a global labor glut, excess productive capacity, and a rising ocean of cheap capital have kept the Western economies mired in underemployment and anemic growth. We failed to anticipate the impact of the torrent of labor and capital unleashed by formerly socialist economies. Many policymakers miss the connection between global oversupply and the lack of domestic investment and growth. But Alpert shows how they are intertwined and offers a bold, fresh approach to fixing our economic woes. Twitter: @DanielAlpert

The Age of Oversupply

The Age of Oversupply PDF Author: Daniel Alpert
Publisher: Penguin
ISBN: 159184701X
Category : Business & Economics
Languages : en
Pages : 302

Get Book Here

Book Description
Governments and central banks across the developed world have tried every policy tool imaginable, yet our economies remain sluggish or worse. How did we get here, and how can we compete and prosper once more? Daniel Alpert argues that a global labor glut, excess productive capacity, and a rising ocean of cheap capital have kept the Western economies mired in underemployment and anemic growth. We failed to anticipate the impact of the torrent of labor and capital unleashed by formerly socialist economies. Many policymakers miss the connection between global oversupply and the lack of domestic investment and growth. But Alpert shows how they are intertwined and offers a bold, fresh approach to fixing our economic woes. Twitter: @DanielAlpert

The Age of Deleveraging

The Age of Deleveraging PDF Author: A. Gary Shilling
Publisher: John Wiley & Sons
ISBN: 0470918349
Category : Business & Economics
Languages : en
Pages : 548

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Book Description
Top economist Gary Shilling shows you how to prosper in the slow-growing and deflationary times that lie ahead While many investors fear a rapid rise in inflation, author Gary Shilling, an award-winning economic forecaster, argues that the global economy is going through a long period of de-leveraging and weak growth, which makes deflation far more likely and a far greater threat to investors than inflation. Shilling explains in clear language and compelling logic why the world economy will struggle for several more years and what investors can do to protect and grow their wealth in the difficult times ahead. The investment strategies that worked for last 25 years will not work in the next 10 years. Shilling advises readers to avoid broad exposure to stocks, real estate, and commodities and to focus on high-quality bonds, high-dividend stocks, and consumer staple and food stocks. Written by one of today's best forecasters of economic trends-twice voted by Institutional Investor as Wall Street's top economist Clearly explains what to invest in, what to avoid, and how to cope with a deflationary, slow-growth economy Demonstrates how Shilling has been consistently right about major economic trends since he began forecasting in the early 1980s Filled with in-depth insights and practical advice, this timely guide lays out a convincing case for why investors need to be prepared for a long period of weak growth and deflation-not inflation-and what you can do to prosper in the difficult times ahead.

Education in the Twenty-first Century

Education in the Twenty-first Century PDF Author: Edward P. Lazear
Publisher: Hoover Press
ISBN: 9780817928933
Category : Education
Languages : en
Pages : 236

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Book Description
In this thought-provoking volume, scholars offer evidence, insights, and ideas on key policy questions affecting education--such as national exams, accountability, performance, and other vital issues, while detailing the importance of education to both the individual and society as a whole.

The End of Normal

The End of Normal PDF Author: James K. Galbraith
Publisher: Simon and Schuster
ISBN: 1451644949
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
From one of the most respected economic thinkers and writers of our time, a brilliant argument about the history and future of economic growth. The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe—and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000—interrupted only by the troubled 1970s—represented a normal performance. From this perspective, the crisis was an interruption, caused by bad policy or bad people, and full recovery is to be expected if the cause is corrected. The End of Normal challenges this view. Placing the crisis in perspective, Galbraith argues that the 1970s already ended the age of easy growth. The 1980s and 1990s saw only uneven growth, with rising inequality within and between countries. And the 2000s saw the end even of that—despite frantic efforts to keep growth going with tax cuts, war spending, and financial deregulation. When the crisis finally came, stimulus and automatic stabilization were able to place a floor under economic collapse. But they are not able to bring about a return to high growth and full employment. In The End of Normal, “Galbraith puts his pessimism into an engaging, plausible frame. His contentions deserve the attention of all economists and serious financial minds across the political spectrum” (Publishers Weekly, starred review).

Intellectuals and Society

Intellectuals and Society PDF Author: Thomas Sowell
Publisher: Basic Books
ISBN: 0465031102
Category : Political Science
Languages : en
Pages : 496

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Book Description
The influence of intellectuals is not only greater than in previous eras but also takes a very different form from that envisioned by those like Machiavelli and others who have wanted to directly influence rulers. It has not been by shaping the opinions or directing the actions of the holders of power that modern intellectuals have most influenced the course of events, but by shaping public opinion in ways that affect the actions of power holders in democratic societies, whether or not those power holders accept the general vision or the particular policies favored by intellectuals. Even government leaders with disdain or contempt for intellectuals have had to bend to the climate of opinion shaped by those intellectuals. Intellectuals and Society not only examines the track record of intellectuals in the things they have advocated but also analyzes the incentives and constraints under which their views and visions have emerged. One of the most surprising aspects of this study is how often intellectuals have been proved not only wrong, but grossly and disastrously wrong in their prescriptions for the ills of society -- and how little their views have changed in response to empirical evidence of the disasters entailed by those views.

Ages of Discord

Ages of Discord PDF Author: Peter Turchin
Publisher:
ISBN: 9780996139540
Category :
Languages : en
Pages :

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Book Description
WE ARE ON THE WRONG TRACK Seventy percent of Americans (and counting) think so. The real wage of a US worker today is less than it was 40 years ago-but there are four times as many multimillionaires. As inequality grows, the politics become more poisonous. Every year, more and more Americans go on shooting sprees, killing strangers and passers-by-and now, increasingly, representatives of the state. Troubling trends of this kind are endlessly discussed by public intellectuals and social scientists. But mostly, they talk about only a small slice of the overall problem. After all, how on earth can yet another murderous rampage have anything to do with polarization in Congress? And is there really a connection between too many multimillionaires and government gridlock? Historical analysis shows that long spells of equitable prosperity and internal peace are succeeded by protracted periods of inequity, increasing misery, and political instability. These crisis periods-"Ages of Discord"-have recurred in societies throughout history. Modern Americans may be disconcerted to learn that the US right now has much in common with the Antebellum 1850s and, more surprisingly, with ancien regime France on the eve of the French Revolution. Can it really be true that there is nothing new about our troubled time, and that similar ages arise periodically for similar underlying reasons? Ages of Discord marshals Structural-Demograpic Theory and detailed historical data to show that this is, indeed, the case. The book takes the reader on a roller-coaster ride through American history, from the Era of Good Feelings of the 1820s to our first Age of Discord, which culminated in the American Civil War, to post-WW2 prosperity and, finally, to our present, second Age of Discord."

Living with What You Love

Living with What You Love PDF Author: Monica Rich Kosann
Publisher: Clarkson Potter
ISBN: 0307461327
Category : Collectibles in interior decoration
Languages : en
Pages : 194

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Book Description
Famed portrait photographer Monica Rich Kosann has spent a career helping people add a final layer of personality to their home once the interior designer's work is done. Monica's clients--celebrities, designers, socialites--want to find ways to add warmth and love to rooms, celebrating what they cherished most--be it family, pets, jewelry, books, or travel. Having helped countless families artfully present their family photography, heirlooms, and collectibles, she now divulges the secrets to her skill in this book. Living with What You Love shows you how to integrate your treasured objects with your home's décor. With inventive ideas as simple as arranging a vignette of vacation souvenirs, and as complex as covering an entire wall with family photographs and memorabilia, Living with What You Love offers the skilled guidance of Monica's trained eye. There's inspiration for everyone, and for every type of space, whether small or grand. Anything can be a stage for display: a coffee table can be arranged with collectibles; kitchen shelves a showcase for heirloom stoneware, while walls are a canvas to be covered with happy times. Full of stunning photographs of the homes of real families, those of well-known interior designers, and Monica's own, Living with What You Love is a gorgeous and helpful guide that will help you bring your most cherished possessions into your everyday life. MONICA RICH KOSANN is a nationally recognized fine-art portrait photographer, who has worked with many prestigious families and celebrities, as well as a designer of jewelry and home accessories. Her work has been profiled extensively in national print, such as Town & Country and Elle Décor, and television media, including NBC's Today Show and Tim Gunn's Guide to Style. Her collections are sold in fine jewelry stores and gift shops nationwide, as well as at Barneys, Neiman Marcus, and her own shop within Bergdorf Goodman. Visit her web site at www.thefineartoffamily.com.

Down the Up Escalator

Down the Up Escalator PDF Author: Barbara Garson
Publisher: Anchor
ISBN: 0307475980
Category : Social Science
Languages : en
Pages : 290

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Book Description
One of our most incisive and committed journalists—author of the classic All the Livelong Day—shows us the real human cost of our economic follies. The Great Recession has thrown huge economic challenges at almost all Americans save the super-affluent few, and we are only now beginning to reckon up the human toll it is taking. Down the Up Escalator is an urgent dispatch from the front lines of our vast collective struggle to keep our heads above water and maybe even—someday—get ahead. Garson has interviewed an economically and geographically wide variety of Americans to show the painful waste in all this loss and insecurity, and describe how individuals are coping. Her broader historical focus, though, is on the causes and consequences of the long stagnation of wages and how it has resulted in an increasingly desperate reliance on credit and a series of ever-larger bubbles—stocks, technology, real estate. This is no way to run an economy, or a democracy.

The Great Stagnation

The Great Stagnation PDF Author: Tyler Cowen
Publisher: Penguin
ISBN: 1101502258
Category : Business & Economics
Languages : en
Pages : 98

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Book Description
Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole.

Give Work

Give Work PDF Author: Leila Janah
Publisher: Penguin
ISBN: 0735211892
Category : Business & Economics
Languages : en
Pages : 274

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Book Description
Want to end poverty for good? Entrepreneur and Samasource founder Leila Janah has the solution—give work, not aid. “An audacious, inspiring, and practical book. Leila shows how it’s possible to build a successful business that lifts people out of poverty—not by giving them money but by giving them work. It’s required reading for anyone who’s passionate about solving real problems.” —Adam Grant, author of Give and Take and Originals Despite trillions of dollars in Western aid, 2.8 billion people worldwide still struggle in abject poverty. Yet the world’s richest countries continue to send money—mostly to governments—targeting the symptoms, rather than the root causes of poverty. We need a better solution. In Give Work, Leila Janah offers a much-needed solution to solving poverty: incentivize everyone from entrepreneurs to big companies to give dignified, steady, fair-wage work to low-income people. Her social business, Samasource, connects people living below the poverty line—on roughly $2 a day—to digital work for major tech companies. To date, the organization has provided over $10 million in direct income to tens of thousands of people the world had written off, dramatically altering the trajectory of entire communities for the better. Janah and her team go into the world’s poorest regions—from refugee camps in Kenya to the Mississippi Delta in Arkansas—and train people to do digital work for companies like Google, Walmart, and Microsoft. Janah has tested various Give Work business models in all corners of the world. She shares poignant stories of people who have benefited from Samasource’s work, where and why it hasn’t worked, and offers a blueprint to fight poverty with an evidence-based, economically sustainable model. We can end extreme poverty in our lifetimes. Give work, and you give the poorest people on the planet a chance at happiness. Give work, and you give people the freedom to choose how to develop their own communities. Give work, and you create infinite possibilities.