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Author: Bruce G. Carruthers
Publisher: Princeton University Press
ISBN: 0691236216
Category : Social Science
Languages : en
Pages : 408
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Book Description
A comprehensive and illuminating account of the history of credit in America—and how it continues to divide the haves from the have-nots The Economy of Promises is a far-reaching study of credit in nineteenth- and twentieth-century America. Synthesizing and surveying economic and social history, Bruce Carruthers examines how issues of trust stitch together the modern U.S. economy. In the case of credit, that trust involves a commitment by debtors to repay money they have borrowed from lenders. Each promise poses a fundamental question: why does the lender trust the borrower? The book tracks the dramatic shift from personal qualitative judgments to the impersonal quantitative measurements of credit scores and ratings, which make lending on a much greater scale possible. It discusses how lending is shaped by the shadow of failure, and the possibility that borrowers will break their promises and fail to repay their debts. It reveals how credit markets have been shaped by public policy, regulatory changes, and various political factors. And, crucially, it explains how credit interacts with economic inequality, contributing to vast and enduring racial and gender differences—which are only exacerbated by the widespread use of credit scores and ratings for “big data” and algorithmic decision-making. Bringing to life the complicated and abstract terrain of human interaction we call the economy, The Economy of Promises is an important study of the tangle of indebtedness that, for better or worse, shapes and defines American lives.
Author: Bruce G. Carruthers
Publisher: Princeton University Press
ISBN: 0691236216
Category : Social Science
Languages : en
Pages : 408
Get Book Here
Book Description
A comprehensive and illuminating account of the history of credit in America—and how it continues to divide the haves from the have-nots The Economy of Promises is a far-reaching study of credit in nineteenth- and twentieth-century America. Synthesizing and surveying economic and social history, Bruce Carruthers examines how issues of trust stitch together the modern U.S. economy. In the case of credit, that trust involves a commitment by debtors to repay money they have borrowed from lenders. Each promise poses a fundamental question: why does the lender trust the borrower? The book tracks the dramatic shift from personal qualitative judgments to the impersonal quantitative measurements of credit scores and ratings, which make lending on a much greater scale possible. It discusses how lending is shaped by the shadow of failure, and the possibility that borrowers will break their promises and fail to repay their debts. It reveals how credit markets have been shaped by public policy, regulatory changes, and various political factors. And, crucially, it explains how credit interacts with economic inequality, contributing to vast and enduring racial and gender differences—which are only exacerbated by the widespread use of credit scores and ratings for “big data” and algorithmic decision-making. Bringing to life the complicated and abstract terrain of human interaction we call the economy, The Economy of Promises is an important study of the tangle of indebtedness that, for better or worse, shapes and defines American lives.
Author: Daniel Greene
Publisher: MIT Press
ISBN: 0262542331
Category : Language Arts & Disciplines
Languages : en
Pages : 269
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Book Description
Why simple technological solutions to complex social issues continue to appeal to politicians and professionals who should (and often do) know better. Why do we keep trying to solve poverty with technology? What makes us feel that we need to learn to code--or else? In The Promise of Access, Daniel Greene argues that the problem of poverty became a problem of technology in order to manage the contradictions of a changing economy. Greene shows how the digital divide emerged as a policy problem and why simple technological solutions to complex social issues continue to appeal to politicians and professionals who should (and often do) know better.
Author: Fritz Bartel
Publisher: Harvard University Press
ISBN: 0674976789
Category : Business & Economics
Languages : en
Pages : 441
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Book Description
Communist and capitalist states alike were scarred by the economic shocks of the 1970s. Why did only communist governments fall in their wake? Fritz Bartel argues that Western democracies were insulated by neoliberalism. While austerity was fatal to the legitimacy of communism, democratic politicians could win votes by pushing market discipline.
Author: Tim B. Thornton
Publisher: Routledge
ISBN: 1317392094
Category : Business & Economics
Languages : en
Pages : 270
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Book Description
The discipline of economics has been increasingly criticized for its inability to illuminate the workings of the real world and to provide reliable policy guidance for the major economic and social challenges of our time. A central problem in contemporary economics, and a problem from which many of its other failings flow, is its lack of plurality. By a lack of plurality it is meant that contemporary economics lacks diversity in its methods, theories, epistemology and methodology. It is also meant that economics has become far less interdisciplinary. From Economics to Political Economy offers an explanation as to why economics has become so determinedly non-pluralistic, and also gives considerable attention to exploring and evaluating promising strategies for reform. These strategies include developing a pluralist economics under the label of ‘political economy’ within other social science departments (such as departments of politics). Along the way the reader will learn about the worldwide student movement seeking greater pluralism in economics, encounter some dramatic case studies in intellectual suppression, gain a fuller sense of the nature of contemporary economics and explore the relationship between economics and other social sciences. This book is of interest to any social scientist, particularly those with interests in economics and politics.
Author: Michael Lind
Publisher: Harper Collins
ISBN: 0062097725
Category : Business & Economics
Languages : en
Pages : 554
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Book Description
"[An] ambitious economic history of the united States...rich with details." ?—David Leonhardt, New York Times Book Review How did a weak collection of former British colonies become an industrial, financial, and military colossus? From the eighteenth to the twenty-first centuries, the American economy has been transformed by wave after wave of emerging technology: the steam engine, electricity, the internal combustion engine, computer technology. Yet technology-driven change leads to growing misalignment between an innovative economy and anachronistic legal and political structures until the gap is closed by the modernization of America's institutions—often amid upheavals such as the Civil War and Reconstruction and the Great Depression and World War II. When the U.S. economy has flourished, government and business, labor and universities, have worked together in a never-ending project of economic nation building. As the United States struggles to emerge from the Great Recession, Michael Lind clearly demonstrates that Americans, since the earliest days of the republic, have reinvented the American economy - and have the power to do so again.
Author: Francesca Trivellato
Publisher: Princeton University Press
ISBN: 0691217386
Category : Business & Economics
Languages : en
Pages : 424
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Book Description
How an antisemitic legend gave voice to widespread fears surrounding the expansion of private credit in Western capitalism The Promise and Peril of Credit takes an incisive look at pivotal episodes in the West’s centuries-long struggle to define the place of private finance in the social and political order. It does so through the lens of a persistent legend about Jews and money that reflected the anxieties surrounding the rise of impersonal credit markets. By the close of the Middle Ages, new and sophisticated credit instruments made it easier for European merchants to move funds across the globe. Bills of exchange were by far the most arcane of these financial innovations. Intangible and written in a cryptic language, they fueled world trade but also lured naive investors into risky businesses. Francesca Trivellato recounts how the invention of these abstruse credit contracts was falsely attributed to Jews, and how this story gave voice to deep-seated fears about the unseen perils of the new paper economy. She locates the legend’s earliest version in a seventeenth-century handbook on maritime law and traces its legacy all the way to the work of the founders of modern social theory—from Marx to Weber and Sombart. Deftly weaving together economic, legal, social, cultural, and intellectual history, Trivellato vividly describes how Christian writers drew on the story to define and redefine what constituted the proper boundaries of credit in a modern world increasingly dominated by finance.
Author: Kent B. Germany
Publisher: University of Georgia Press
ISBN: 0820342580
Category : History
Languages : en
Pages : 485
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Book Description
In the 1960s and 1970s, New Orleans experienced one of the greatest transformations in its history. Its people replaced Jim Crow, fought a War on Poverty, and emerged with glittering skyscrapers, professional football, and a building so large it had to be called the Superdome. New Orleans after the Promises looks back at that era to explore how a few thousand locals tried to bring the Great Society to Dixie. With faith in God and American progress, they believed that they could conquer poverty, confront racism, establish civic order, and expand the economy. At a time when liberalism seemed to be on the wane nationally, black and white citizens in New Orleans cautiously partnered with each other and with the federal government to expand liberalism in the South. As Kent Germany examines how the civil rights, antipoverty, and therapeutic initiatives of the Great Society dovetailed with the struggles of black New Orleanians for full citizenship, he defines an emerging public/private governing apparatus that he calls the "Soft State": a delicate arrangement involving constituencies as varied as old-money civic leaders and Black Power proponents who came together to sort out the meanings of such new federal programs as Community Action, Head Start, and Model Cities. While those diverse groups struggled--violently on occasion--to influence the process of racial inclusion and the direction of economic growth, they dramatically transformed public life in one of America's oldest cities. While many wonder now what kind of city will emerge after Katrina, New Orleans after the Promises offers a detailed portrait of the complex city that developed after its last epic reconstruction.
Author: Thomas Fatheuer
Publisher: Green Books
ISBN: 9780857844156
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
This book puts the Green Economy to the test, its promises, consequences and blind spots. - Can efficiency be a solution if it results in even more consumption? - Is it possible to save nature by putting a price on the services it provides? - Should we rely on technological solutions to save us? As the economic and ecological bases of prosperity are increasingly endangered and the gap between rich and poor widens, the Green Economy should offer us hope. Yet the Green Economy cares little about politics, barely registers human rights, does not recognize social factors and suggests the possibility of reform without conflict. It suggests that the world as we know it can continue with green growth, based primarily on large-scale technological solutions. This book outlines a way to overcome global crises from a social viewpoint.
Author: Bruce G. Carruthers
Publisher: Princeton University Press
ISBN: 069123809X
Category : Business & Economics
Languages : en
Pages : 408
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Book Description
A comprehensive and illuminating account of the history of credit in America—and how it continues to divide the haves from the have-nots The Economy of Promises is a far-reaching study of credit in nineteenth- and twentieth-century America. Synthesizing and surveying economic and social history, Bruce Carruthers examines how issues of trust stitch together the modern U.S. economy. In the case of credit, that trust involves a commitment by debtors to repay money they have borrowed from lenders. Each promise poses a fundamental question: why does the lender trust the borrower? The book tracks the dramatic shift from personal qualitative judgments to the impersonal quantitative measurements of credit scores and ratings, which make lending on a much greater scale possible. It discusses how lending is shaped by the shadow of failure, and the possibility that borrowers will break their promises and fail to repay their debts. It reveals how credit markets have been shaped by public policy, regulatory changes, and various political factors. And, crucially, it explains how credit interacts with economic inequality, contributing to vast and enduring racial and gender differences—which are only exacerbated by the widespread use of credit scores and ratings for “big data” and algorithmic decision-making. Bringing to life the complicated and abstract terrain of human interaction we call the economy, The Economy of Promises is an important study of the tangle of indebtedness that, for better or worse, shapes and defines American lives.
Author: Steven Hill
Publisher: Univ of California Press
ISBN: 052094450X
Category : Political Science
Languages : en
Pages : 488
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Book Description
A quiet revolution has been occurring in post-World War II Europe. A world power has emerged across the Atlantic that is recrafting the rules for how a modern society should provide economic security, environmental sustainability, and global stability. In Europe's Promise, Steven Hill explains Europe's bold new vision. For a decade Hill traveled widely to understand this uniquely European way of life. He shatters myths and shows how Europe's leadership manifests in five major areas: economic strength, with Europe now the world's wealthiest trading bloc, nearly as large as the U.S. and China combined; the best health care and other workfare supports for families and individuals; widespread use of renewable energy technologies and conservation; the world's most advanced democracies; and regional networks of trade, foreign aid, and investment that link one-third of the world to the European Union. Europe's Promise masterfully conveys how Europe has taken the lead in this make-or-break century challenged by a worldwide economic crisis and global warming.
