23 Things They Don't Tell You about Capitalism

Author: Ha-Joon Chang

Publisher: Bloomsbury Publishing USA

ISBN: 9781608193585

Category: Business & Economics

Page: 304

View: 9507

Thing 1: There is no such thing as free market. Thing 4: The washing machine has changed the world more than the Internet. Thing 5: Assume the worst about people, and you get the worst. Thing 13: Making rich people richer doesn't make the rest of us richer. If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan. Chang, the author of the international bestseller Bad Samaritans, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, "How to Rebuild the World," Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market.
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23 Things They Don't Tell You about Capitalism

Author: Ha-Joon Chang

Publisher: Penguin UK

ISBN: 0141047976

Category: Capitalism

Page: 286

View: 1295

'This Cambridge professor delights in paradox. And myth-busting . . . he does this with charm and a desire to see how things work in the real world' Guardian, 'In Praise of Ha-Joon Chang' In this revelatory book, Ha-Joon Chang destroys the biggest myths of our times and shows us the truth about how the world really works, including: there's no such thing as a free market; the washing machine has changed lives more than the internet; people in poor countries are more entrepreneurial than in wealthy ones; and making rich people richer doesn't make the rest of us richer. We don't have to accept things as they are any longer. Ha-Joon Chang is here to show us there's a better way. 'Lively, accessible and provocative . . . read this book' Sunday Times 'A witty and timely debunking of some of the biggest myths surrounding the global economy' Observer 'The new kid on the economics block . . . Chang's iconoclastic attitude has won him fans' Independent on Sunday 'Lucid . . . audacious . . . increasingly influential . . . will provoke physical symptoms of revulsion if you are in any way involved in high finance' Guardian 'Important . . . persuasive . . . an engaging case for a more caring era of globalization' Financial Times 'A must-read . . . incisive and entertaining' New Statesman
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23 Things They Don't Tell You About Capitalism

Author: Ha-Joon Chang

Publisher: Penguin UK

ISBN: 0141957867

Category: Business & Economics

Page: 304

View: 7799

Ha-Joon Chang dispels the myths and prejudices that have come to dominate our understanding of how the world works. He succeeds in both setting the historical record straight ('the washing machine has changed the world more than the internet'; 'the US does not have the highest living standard in the world'; 'people in poor countries are more entrepreneurial than people in rich countries') and persuading us of the consequences of his analysis ('making rich people richer doesn't make the rest of us richer'; 'companies should not be run in the interest of their owners'; 'financial markets need to become less, not more, efficient'). As Chang shows above all else, all economic choices are political ones, and it is time we started to be honest about them.
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Economics: The User's Guide

Author: Ha-Joon Chang

Publisher: Bloomsbury Publishing USA

ISBN: 1620408139

Category: Business & Economics

Page: 384

View: 6814

In his bestselling 23 Things They Don't Tell You About Capitalism, Cambridge economist Ha-Joon Chang brilliantly debunked many of the predominant myths of neoclassical economics. Now, in an entertaining and accessible primer, he explains how the global economy actually works-in real-world terms. Writing with irreverent wit, a deep knowledge of history, and a disregard for conventional economic pieties, Chang offers insights that will never be found in the textbooks. Unlike many economists, who present only one view of their discipline, Chang introduces a wide range of economic theories, from classical to Keynesian, revealing how each has its strengths and weaknesses, and why there is no one way to explain economic behavior. Instead, by ignoring the received wisdom and exposing the myriad forces that shape our financial world, Chang gives us the tools we need to understand our increasingly global and interconnected world often driven by economics. From the future of the Euro, inequality in China, or the condition of the American manufacturing industry here in the United States-Economics: The User's Guide is a concise and expertly crafted guide to economic fundamentals that offers a clear and accurate picture of the global economy and how and why it affects our daily lives.
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Reclaiming Development

An Alternative Economic Policy Manual

Author: Ha-Joon Chang,Ilene Grabel

Publisher: Zed Books Ltd.

ISBN: 1780329733

Category: Business & Economics

Page: 256

View: 6287

There is no alternative to neoliberal economics - or so it appeared when Reclaiming Development was published in 2004. Many of the same driving assumptions - monetarism and globalization - remain within the international development policy establishment. Ha-Joon Chang and Ilene Grabel confront this neoliberal development model head-on by combining devastating economic critique with an array of innovative policies and an in-depth analysis of the experiences of leading Western and East Asian economies. Still, much has changed since 2004 - the relative success of some developing countries in weathering the global financial crisis has exposed the latent contradictions of the neoliberal model. The resulting situation of increasingly open policy innovation in the global South means that Reclaiming Development is even more relevant today than when it was first published. History is being made.
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50 Economics Classics

Your shortcut to the most important ideas on capitalism, finance, and the global economy

Author: Tom Butler-Bowdon

Publisher: Hachette UK

ISBN: 1473655412

Category: Business & Economics

Page: 368

View: 3954

'Something of a modern classic in its own right.' E&T magazine Economics drives the modern world and shapes our lives, but few of us feel we have time to engage with the breadth of ideas in the subject. 50 Economics Classics is the smart person's guide to two centuries of discussion of finance, capitalism and the global economy. From Adam Smith's Wealth of Nations to Thomas Piketty's bestseller Capital in the Twenty-First Century, here are the great reads, seminal ideas and famous texts, clarified and illuminated for all. EXPLORE the ideas of some of the greatest thinkers in economics: Milton Friedman on economic freedom - J. K. Galbraith on 1929 - Friedrich Hayek on knowledge - Jane Jacobs on cities - J. M. Keynes on depressions - Thomas Malthus on population - Karl Marx on capital - David Ricardo on free trade - Joseph Schumpeter's 'creative destruction' - Adam Smith's 'invisible hand' - Max Weber's 'spirit of capitalism' GAIN the insights and research of contemporary economists and commentators: William Baumol on entrepreneurs - Gary Becker on human capital - Diane Coyle on GDP - Naomi Klein on neoliberalism - Paul Krugman on inequality - Deirdre McCloskey on ideas - Dambisa Moyo on aid - Thomas Piketty on wealth concentration - Amartya Sen on food security - Joseph Stiglitz on the euro - Richard Thaler on behavioral economics - Michael Lewis on the 2007-08 crisis - Dani Rodrik on globalization - Robert Shiller on asset bubbles DISCOVER the truth behind the headlines in these landmark bestsellers and works of economic history: Lords of Finance - The Second Machine Age - The Little Book of Common Sense Investing - 23 Things They Don't Tell You About Capitalism - The Ascent of Money - The Intelligent Investor - The Rise and Fall of American Growth - Freakonomics - The Competitive Advantage of Nations - The Mystery of Capital - Small is Beautiful - The Theory of the Leisure Class
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Globalization, Economic Development and the Role of the State

Author: Ha-Joon Chang

Publisher: Zed Books

ISBN: 9781842771433

Category: Business & Economics

Page: 335

View: 408

Ha-Joon Chang evaluates the role of the state in economics and development. In this collection of essays, he reviews theories and practices of state intervention as they have developed over two centuries of modern capitalism. He develops an institutionalist approach to the role of the state in economic change, and examines the issues involved in particular settings including industrial policy, trade policy, intellectual property rights, regulation, and strategies towards transnational corporations. He mounts a sophisticated theoretical and historical case for the continuing essential and constructive roles which the state can and must play in economic development.
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Bad Samaritans

The Myth of Free Trade and the Secret History of Capitalism

Author: Ha-Joon Chang

Publisher: Bloomsbury Publishing USA

ISBN: 9781596917385

Category: Business & Economics

Page: 288

View: 1471

Bad Samaritans was an introduction to open-minded economists and political free-thinkers to Ha-Joon Chang's theories of the dangers of free-trade. With irreverent wit, an engagingly personal style, and a keen grasp of history, Chang blasts holes in the "World Is Flat" orthodoxy of Thomas Friedman and others who argue that only unfettered capitalism and wide-open international trade can lift struggling nations out of poverty. On the contrary, Chang shows, today's economic superpowers-from the U.S. to Britain to his native Korea-all attained prosperity by shameless protectionism and government intervention in industry, a fact conveniently forgotten now that they want to compete in foreign markets. Chang's cage-rattling, contrarian history of global capital appeals to readers new to economic theory as well as members of the old school looking for a fresh take.
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The Growth Delusion

The Wealth and Well-Being of Nations

Author: David Pilling

Publisher: Bloomsbury Publishing

ISBN: 140889372X

Category: Business & Economics

Page: 352

View: 6799

A revelatory and entertaining book about the pitfalls of how we measure our economy and how to correct them, by an award-winning editor of The Financial Times 'A near miracle' Ha-Joon Chang, author of 23 Things They Don't Tell You About Capitalism In The Growth Delusion, author and prize-winning journalist David Pilling explores how economists and their cult of growth have hijacked our policy-making and infiltrated our thinking about what makes societies work. Our policies are geared relentlessly towards increasing our standard measure of growth, Gross Domestic Product. By this yardstick we have never been wealthier or happier. So why doesn't it feel that way? Why are we living in such fractured times, with global populism on the rise and wealth inequality as stark as ever? In a book that is simultaneously trenchant, thought-provoking and entertaining, Pilling argues that we need to measure our successes and failures using different criteria. While for economic growth, heroin consumption and prostitution are worth more than volunteer work or public services, in a rational world we would learn how to value what makes economies better, not just what makes them bigger. So much of what is important to our wellbeing, from clean air to safe streets and from steady jobs to sound minds, lies outside the purview of our standard measure of success. We prioritise growth maximisation without stopping to think about the costs. In prose that cuts through the complex language so often wielded by a priesthood of economists, Pilling argues that our steadfast loyalty to growth is informing misguided policies – and contributing to a rising mistrust of experts that is shaking the very foundations of our democracy.
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Kicking Away the Ladder

Development Strategy in Historical Perspective

Author: Ha-Joon Chang

Publisher: Anthem Press

ISBN: 9780857287618

Category: Business & Economics

Page: 196

View: 793

How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.
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Understanding the World Economy

Author: Tony Cleaver

Publisher: Routledge

ISBN: 1136191631

Category: Business & Economics

Page: 304

View: 3762

This fourth edition of Understanding the World Economy will continue to provide the reader with the clearest guide available to the global economic scene. Since the last edition was published in 2006, enormous changes have taken place. The world economy has been in upheaval with the biggest financial crash and ensuing recession since the 1930s; with a global re-ordering of economic power relations; with widespread demonstrations by those left behind; with divergent views about where Europe is heading; with a growing scarcity of essential resources; with increasing international terrorism and with increasing concerns of environmental degradation and climate change. To embrace such urgent issues, this text is an almost entirely rewritten version of earlier editions. Tony Cleaver takes a long look at the evolution of market systems and how they have liberated peoples on one side of the globe and yet driven others into debt, depression and despair. He analyses causes and consequences, and discusses (and sometimes dismisses) economic theories. Topics covered include: Why crashes occur What causes some countries to grow and others to stagnate Whether the Euro can survive The economic underpinnings of terrorism The dangers of climate change This book takes the student through the major characteristics of the global economy in jargon-free non-technical language. Chapter summary diagrams and a wealth of boxes and tables make this an essential introduction for undergraduates and A-level students, as well as the casual reader.
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Marx's Revenge

The Resurgence of Capitalism and the Death of Statist Socialism

Author: Meghnad Desai

Publisher: Verso

ISBN: 9781859844298

Category: Business & Economics

Page: 372

View: 9162

In the triumphant resurgence of capitalism, the one thinker who is vindicated is Karl Marx.
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Joseph Stiglitz and the World Bank

The Rebel Within

Author: Joseph E. Stiglitz,Ha-Joon Chang

Publisher: Anthem Press

ISBN: 1898855919

Category: Business & Economics

Page: 320

View: 9308

The most influential and controversial speeches of Joseph Stiglitz are gathered together for the first time in this volume, with an enlightening commentary by Ha-Joon Chang.
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21st Century Capitalism

Author: Robert L. Heilbroner

Publisher: W. W. Norton & Company

ISBN: 0393312283

Category: Business & Economics

Page: 176

View: 2699

Reflecting on the end of communism, the author of the best-selling The Worldly Philosophers examines the many faces of capitalism, looking for the aspects of a market economy that will be most capable of succeeding against today's toughest dilemmas.
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The Global Economy as You've Never Seen It

99 Ingenious Infographics That Put It All Together

Author: Thomas Ramge,Jan Schwochow

Publisher: The Experiment

ISBN: 1615195173

Category: Business & Economics

Page: 216

View: 2419

An ingeniously conceived tour of the global economy and all its key components, illuminated one by one in 99 large-scale, full-color infographics The economy is a complex, world-spanning, layer-upon-layer-upon-layer behemoth: One could argue that almost every aspect of our lives is connected to the realms of business and finance. And yet few of us truly understand it—even the world’s foremost economists can’t seem to agree on how it runs. The Global Economy as You’ve Never Seen It presents 99 brilliant infographics that everyone can understand. From start-ups to monopolies, from trade agreements to theory, author Thomas Ramge and infographic specialist Jan Schwochow bring every facet of the economic web to life. Economics connects us all, from what we buy, to how we buy it, who made it, and where. See the economy differently—and the world.
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End This Depression Now!

Author: Paul Krugman

Publisher: W. W. Norton & Company

ISBN: 0393088871

Category: Political Science

Page: 288

View: 8614

A New York Times best-selling call to arms from Nobel Prize–winning economist Paul Krugman. The Great Recession is more than four years old—and counting. Yet, as Paul Krugman points out in this powerful volley, "Nations rich in resources, talent, and knowledge—all the ingredients for prosperity and a decent standard of living for all—remain in a state of intense pain." How bad have things gotten? How did we get stuck in what now can only be called a depression? And above all, how do we free ourselves? Krugman pursues these questions with his characteristic lucidity and insight. He has a powerful message for anyone who has suffered over these past four years—a quick, strong recovery is just one step away, if our leaders can find the "intellectual clarity and political will" to end this depression now.
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Capital and Its Discontents

Conversations with Radical Thinkers in a Time of Tumult

Author: Sasha Lilley

Publisher: PM Press

ISBN: 160486334X

Category: Business & Economics

Page: 279

View: 5669

Through a series of incisive conversations with some of the most eminent thinkers and political economists of the Left - including Noam Chomsky, David Harvey, Tariq Ali, Mike Davis, Leo Panitch and Ellen Meiksins Wood - Capital and Its Discontents illuminates the dynamic contradictions undermining capitalism and the subsequent potential for its dethroning. Groundbreaking and pertinent, Capital and Its Discontents is destined to become a classic within its field.
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Early Islam and the Birth of Capitalism

Author: Benedikt Koehler

Publisher: Lexington Books

ISBN: 0739188836

Category: Business & Economics

Page: 234

View: 1366

Early Islam and the Birth of Capitalism proposes a strikingly original thesis—that capitalism first emerged in Arabia, not in late medieval Italian city states as is commonly assumed. Early Islam made a seminal but largely unrecognized contribution to the history of economic thought; it is the only religion founded by an entrepreneur. Descending from an elite dynasty of religious, civil, and commercial leaders, Muhammad was a successful businessman before founding Islam. As such, the new religion had much to say on trade, consumer protection, business ethics, and property. As Islam rapidly spread across the region so did the economic teachings of early Islam, which eventually made their way to Europe. Early Islam and the Birth of Capitalism demonstrates how Islamic institutions and business practices were adopted and adapted in Venice and Genoa. These financial innovations include the invention of the corporation, business management techniques, commercial arithmetic, and monetary reform. There were other Islamic institutions assimilated in Europe: charities, the waqf, inspired trusts, and institutions of higher learning; the madrasas were models for the oldest colleges of Oxford and Cambridge. As such, it can be rightfully said that these essential aspects of capitalist thought all have Islamic roots.
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SCUM Manifesto

Author: Valerie Solanas

Publisher: AK Press

ISBN: 1849351813

Category: Social Science

Page: 80

View: 8432

First circulated on the streets of Greenwich Village in 1967, the SCUM Manifesto is a searing indictment of patriarchal culture in all its forms. Shifting fluidly between the worlds of satire and straightforward critique, this no-holds-barred classic is a call to action—a radical feminist vision for a different world. This is an update of the essential AK Press edition, with a new foreword. Valerie Solanas was a radical feminist playwright and social propagandist who was arrested in 1968 after her attempted assassination of Andy Warhol. Deemed a paranoid schizophrenic by the state, Solanas was immortalized in the 1996 film I Shot Andy Warhol.
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Progressive Capitalism

How to achieve economic growth, liberty and social justice

Author: David Sainsbury

Publisher: Biteback Publishing

ISBN: 1849545847

Category: Business & Economics

Page: 304

View: 5281

The neo-liberalism that dominated economic thinking since the advent of Thatcher and Reagan is now seen to have serious flaws. Progressive Capitalism seeks to replace it with a new Progressive political economy, based on an analysis of why the growth rates of countries differ, and what firms have to do to achieve competitive advantage in today's global economy. The cornerstone of the political economy of Progressive Capitalism is a belief in capitalism. But it also incorporates the three defining beliefs of Progressive thinking. These are the crucial role of institutions, the need for the state to be involved in their design, and the use of social justice defined as fairness as an important measure of a country's economic performance. Progressive Capitalism shows how this new Progressive political economy can be used by politicians and policy-makers to produce a programme of economic reform for a country. It does this by analysing and proposing reforms for the UK's equity markets, its system of corporate governance, its national system of innovation and its education and training system. Finally, Progressive Capitalism describes the role the state should play in the economy - an enabling one, rather than the command-and-control role of traditional socialism or the minimalist role of neo-liberalism.
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