Author: Thomas Emerson Hall
Publisher: University Press of America
ISBN: 9780761826811
Category : Business & Economics
Languages : en
Pages : 300
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Book Description
This book describes the policy bungling by Washington politicians and Federal Reserve officials that led to the high inflation and economic instability that plagued the United States from 1965-1982. It then discusses the reversal of these policies, and how this resulted in the major economic expansion that followed.
Author: James Forder
Publisher: Oxford University Press, USA
ISBN: 0199683654
Category : Business & Economics
Languages : en
Pages : 321
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Book Description
This book reconsiders the role of the Phillips curve in macroeconomic analysis in the first twenty years following the famous work by A. W. H. Phillips, after whom it is named. It argues that the story conventionally told is entirely misleading. In that story, Phillips made a great breakthrough but his work led to a view that inflationary policy could be used systematically to maintain low unemployment, and that it was only after the work of Milton Friedman and Edmund Phelps about a decade after Phillips' that this view was rejected. On the contrary, a detailed analysis of the literature of the times shows that the idea of a negative relation between wage change and unemployment - supposedly Phillips' discovery - was commonplace in the 1950s, as were the arguments attributed to Friedman and Phelps by the conventional story. And, perhaps most importantly, there is scarcely any sign of the idea of the inflation-unemployment tradeoff promoting inflationary policy, either in the theoretical literature or in actual policymaking. The book demonstrates and identifies a number of main strands of the actual thinking of the 1950s, 1960s, and 1970s on the question of the determination of inflation and its relation to other variables. The result is not only a rejection of the Phillips curve story as it has been told, and a reassessment of the understanding of the economists of those years of macroeconomics, but also the construction of an alternative, and historically more authentic account, of the economic theory of those times. A notable outcome is that the economic theory of the time was not nearly so naive as it has been portrayed.
Author: Peter Z. Grossman
Publisher: Cambridge University Press
ISBN: 1107005175
Category : Business & Economics
Languages : en
Pages : 417
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Book Description
This book presents an analytic history of American energy policy, examining policy failures and how the policy process itself leads to failure.
Author: Thomas E. Hall
Publisher: Cato Institute
ISBN: 1939709393
Category : Political Science
Languages : en
Pages : 155
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Book Description
Government policies created for one set of purposes almost always generate additional results that were not part of the original plan. Very often these unintended consequences are seriously adverse, and in some cases are so severe as to render the policy a failure. In Aftermath, noted economist Thomas Hall examines four major instances of significant unintended consequences, all of them negative, resulting from major public policies: the federal income tax, cigarette taxes, minimum wage laws, and alcohol prohibition. Each widespread, well known policy was instituted as a positive measure, but almost immediately gave rise to enormously damaging consequences and harmful side effects. What were these terrible consequences? Hall demonstrates how these policies played a significant role in creating America’s vast welfare state, criminal activities, a bloated government hungry for more revenue, smuggling, a scarcity of jobs for teenagers and the working poor, corrupt public officials, overcrowded prisons, and much more. Not exactly what the originators had foreseen. Hall’s exploration of these four iconic policies offers powerful optics for examining current and proposed policies, and he provides an overview of the new and emerging consequences of the Affordable Care Act, the Dodd-Frank Act, and the war on drugs. With the pace of government policymaking continuing unabated, Hall’s insights on how to examine and minimize the potential outcomes of bureaucratic activity before they can potentially harm the pubic—in ways not intended or anticipated—are more necessary and vital than ever before.
Author: James L. Huston
Publisher: LSU Press
ISBN: 0807167452
Category : Business & Economics
Languages : en
Pages : 287
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Book Description
The American and British Debate Over Equality, 1776–1920 examines comparisons between American ideals of a classless society and the contrasting British class system, which accepted the existence of inequalities. When the United States declared political independence in 1776, they also announced repudiation of social institutions based on inequality, opting instead for (an ill-defined) equality. British travelers to the United States after 1776 and up to 1920 continuously wrote about how equality was faring in the United States and compared it to the operation of inequality in England, Scotland, and Ireland. They laid bare the actual outcomes of a system of equality versus one of inequality; this was no theoretical, intellectual exercise but instead constituted a recording of actual human practices. By the end of the nineteenth century, the defects of a system of inequality became clear in manners, social interchanges between income classes, general education levels, religious convictions, and the general energy of a people. The exploration of these nineteenth-century comparisons has great relevance for today's persistent debates about social inequities and their solutions.
Author: Thomas E. Hall
Publisher: Xlibris Corporation
ISBN: 1462817297
Category : Fiction
Languages : en
Pages : 226
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Book Description
When Bill Imes arrives at the park one evening to walk his dog, he sees a man and womanwho arrived in separate carsembracing in the parking lot. Bill realizes that hes seen the man before; theyd had a run-in several months back. A few days later, Bill is shocked when he reads in the newspaper that the man has been murdered; he is doubly horrified when a clue leads the police straight to his own apartment door. Slowly but surely, Bill finds himself unwittingly dragged into a twisted tale of love, adultery, and revenge.
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 336
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Book Description
Author: Robert E. Wright
Publisher: University of Chicago Press
ISBN: 0226910296
Category : History
Languages : en
Pages : 219
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Book Description
When Americans think of investment and finance, they think of Wall Street—though this was not always the case. During the dawn of the Republic, Philadelphia was the center of American finance. The first stock exchange in the nation was founded there in 1790, and around it the bustling thoroughfare known as Chestnut Street was home to the nation's most powerful financial institutions. The First Wall Street recounts the fascinating history of Chestnut Street and its forgotten role in the birth of American finance. According to Robert E. Wright, Philadelphia, known for its cultivation of liberty and freedom, blossomed into a financial epicenter during the nation's colonial period. The continent's most prodigious minds and talented financiers flocked to Philly in droves, and by the eve of the Revolution, the Quaker City was the most financially sophisticated region in North America. The First Wall Street reveals how the city played a leading role in the financing of the American Revolution and emerged from that titanic struggle with not just the wealth it forged in the crucible of war, but an invaluable amount of human capital as well. This capital helped make Philadelphia home to the Bank of the United States, the U.S. Mint, an active securities exchange, and several banks and insurance companies—all clustered in or around Chestnut Street. But as the decades passed, financial institutions were lured to New York, and by the late 1820s only the powerful Second Bank of the United States upheld Philadelphia's financial stature. But when Andrew Jackson vetoed its charter, he sealed the fate of Chestnut Street forever—and of Wall Street too. Finely nuanced and elegantly written, The First Wall Street will appeal to anyone interested in the history of the United States and the origins of its unrivaled economy.
Author: Tyler Cowen
Publisher: Macmillan Higher Education
ISBN: 1464119333
Category : Business & Economics
Languages : en
Pages : 572
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Book Description
In a world full of economics blogs, Cowen and Tabarrok’s Marginal Revolution (marginalrevolution.com) ranks is one of the Web’s most popular and most respected. The same qualities that make the blog so distinctive are also behind the success Modern Principles of Economics—engaging authors, unbiased presentations of essential ideas, and a knack for revealing the “invisible hand” of economics at work. The thoroughly updated new edition of Modern Principles again draws on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life.
Author: Tyler Cowen
Publisher: Macmillan Higher Education
ISBN: 1464119341
Category : Business & Economics
Languages : en
Pages : 928
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Book Description
In a world full of economics blogs, Cowen and Tabarrok's Marginal Revolution (marginalrevolution.com) ranks is one of the Web's most popular and most respected. The same qualities that make the blog so distinctive are also behind the success Modern Principles of Economics--engaging authors, unbiased presentations of essential ideas, and a knack for revealing the "invisible hand" of economics at work. The thoroughly updated new edition of Modern Principles again draws on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life.
