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: 3951

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: 5052

'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: 611

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: 1620408120

Category: Business & Economics

Page: 384

View: 8657

The award-winning author of 23 Things They Don't Tell You About Capitalism outlines the real-world processes of the global economy while explaining how to better understand the strengths and weaknesses of key economics theories to better navigate today's interconnected world.
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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: 3599

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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Globalization, Economic Development and the Role of the State

Author: Ha-Joon Chang

Publisher: Zed Books

ISBN: 9781842771433

Category: Business & Economics

Page: 335

View: 9449

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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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: 7088

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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Kicking Away the Ladder

Development Strategy in Historical Perspective

Author: Ha-Joon Chang

Publisher: Anthem Press

ISBN: 9780857287618

Category: Business & Economics

Page: 196

View: 2692

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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Drive

The Surprising Truth About What Motivates Us

Author: Daniel H. Pink

Publisher: Penguin

ISBN: 9781101524381

Category: Business & Economics

Page: 272

View: 2296

Forget everything you thought you knew about how to motivate people—at work, at school, at home. It's wrong. As Daniel H. Pink (author of To Sell Is Human: The Surprising Truth About Motivating Others) explains in his paradigm-shattering book Drive, the secret to high performance and satisfaction in today's world is the deeply human need to direct our own lives, to learn and create new things, and to do better by ourselves and our world. Drawing on four decades of scientific research on human motivation, Pink exposes the mismatch between what science knows and what business does—and how that affects every aspect of our lives. He demonstrates that while the old-fashioned carrot-and-stick approach worked successfully in the 20th century, it's precisely the wrong way to motivate people for today's challenges. In Drive, he reveals the three elements of true motivation: *Autonomy—the desire to direct our own lives *Mastery—the urge to get better and better at something that matters *Purpose—the yearning to do what we do in the service of something larger than ourselves Along the way, he takes us to companies that are enlisting new approaches to motivation and introduces us to the scientists and entrepreneurs who are pointing a bold way forward. Drive is bursting with big ideas—the rare book that will change how you think and transform how you live.
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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: 2974

'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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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: 370

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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The Growth Delusion

The Wealth and Well-Being of Nations

Author: David Pilling

Publisher: Bloomsbury Publishing

ISBN: 140889372X

Category: Business & Economics

Page: 352

View: 8743

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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Understanding the World Economy

Author: Tony Cleaver

Publisher: Routledge

ISBN: 1136191631

Category: Business & Economics

Page: 304

View: 5753

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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No One Makes You Shop At Walmart

Author: Tom Slee

Publisher: Between the Lines

ISBN: 1897071884

Category: Philosophy

Page: 240

View: 6801

We live in a culture of choice. But, in an age of corporate dominance, our freedom to choose has taken on new meaning. Upset with your local big box store? Object to unfair hiring practices at your neighbourhood fast food restaurant? Want to protest the opening of that new multinational coffeeshop? Vote with your feet! What if it’s not that simple? In No One Makes You Shop at Wal-Mart, Tom Slee examines the implications of our fervent belief in the power of choice. Pointing out that individual choice has become the lynchpin of a neoconservative corporate ideology he calls MarketThink, he urges us to re-examine our assumptions. Slee makes use of game theory to argue that individual choice is not inherently bad. Nor is it the societal fix-all that our corporations and governments claim it is. A spirited treatise, this book will make you think about choice in a whole new way.
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21st Century Capitalism

Author: Robert L. Heilbroner

Publisher: W. W. Norton & Company

ISBN: 0393312283

Category: Business & Economics

Page: 176

View: 2306

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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A Richer Life

How Economics Can Change the Way We Think and Feel

Author: Philip Roscoe

Publisher: Penguin UK

ISBN: 0241965322

Category: Business & Economics

Page: 304

View: 3015

A Richer Life: How Economics Can Change the Way We Think and Feel by Philip Roscoe is a radical, inspiring, agenda-setting critique that shows how economics invades our most intimate decisions, and what the real alternatives might be. 'A brilliant critique' Robert Skidelsky, prize-winning biographer of John Maynard Keynes 'Impressive . . . important . . . very thoughtful and thought-provoking' Ha-Joon Chang, author of 23 Things They Don't Tell You About Capitalism 'A splendid denunciation of the dismal science . . . a fine book, on the side of the angels' Guardian 'A powerful description of the many ways we have lost our bearings as a society . . . makes the case that economics has left us impoverished as human beings . . . a powerful and engaging read' Sunday Times 'Very readable and entertaining' Independent Is a promotion at work worth more than time with family? Does the price of cheap socks compensate for their being made by children? Might a new lover be better than the one you have? How do we choose when what we want is bad for someone else? In fact, in a world as complicated as ours, how do we choose at all? Over the course of the 20th century economics has become our most trusted science of decision-making. From government policies to personal decisions - such as buying a house, educating our children, caring for our sick or even meeting a spouse - economic principles govern both our range of choices and how we choose between them. But economics is not a perfect science. It is political and far from impartial, and yet its values - ownership, efficiency, cost benefit and self-interest - now threaten to usurp all others. At a time when the most urgent problems require collective action, economics is perhaps our greatest obstacle to change. Written with humour, wisdom and compassion, and investigating the worlds of work, shopping, healthcare, house-buying, online dating, politics and daily life, this brilliant and timely book exposes the true cost of economic thinking, points the way to some compelling alternatives - co-operatives, local currencies, non-Western finance, community - and draws attention to some other, timeless values that few of us have yet forgotten. Philip Roscoe is Reader in Management at the School of Management, University of St Andrews. He is interested in markets and organizing, and has published and lectured on such topics as online dating, organ transplants, non-professional investors and alternative currencies. Philip holds a PhD in management from Lancaster University, an MPhil in medieval Arabic thought from the University of Oxford, and a BA in theology from the University of Leeds. Between studies, he has worked as a financial journalist and tried his hand at running a small business. In 2011 he was one of the ten winners of the inaugural AHRC BBC Radio 3 'New Generation Thinkers' scheme chosen from over a thousand applicants. He is married to Jane, and they have three sons. A Richer Life: How Economics Can Change the Way We Think and Feel was originally published in hardback as I Spend, Therefore I Am.
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The Political Economy of Industrial Policy

Author: Ha-Joon Chang

Publisher: Palgrave Schol, Print UK

ISBN: 9780333588628

Category: Industrial policy

Page: 184

View: 3890

This study provides a comprehensive discussion of the controversial issue of industrial policy, drawing on some recent developments in economic theory in areas like political economy, institutional economics, industrial economics and theories of technical progress.
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The Half Has Never Been Told

Slavery and the Making of American Capitalism

Author: Edward E. Baptist

Publisher: Basic Books

ISBN: 0465097685

Category: History

Page: 560

View: 8976

Americans tend to cast slavery as a pre-modern institution—the nation's original sin, perhaps, but isolated in time and divorced from America's later success. But to do so robs the millions who suffered in bondage of their full legacy. As historian Edward Baptist reveals in The Half Has Never Been Told, the expansion of slavery in the first eight decades after American independence drove the evolution and modernization of the United States. In the span of a single lifetime, the South grew from a narrow coastal strip of worn-out tobacco plantations to a continental cotton empire, and the United States grew into a modern, industrial, and capitalist economy. Until the Civil War, Baptist explains, the most important American economic innovations were ways to make slavery ever more profitable. Through forced migration and torture, slave owners extracted continual increases in efficiency from enslaved African Americans. Thus the United States seized control of the world market for cotton, the key raw material of the Industrial Revolution, and became a wealthy nation with global influence. Told through intimate slave narratives, plantation records, newspapers, and the words of politicians, entrepreneurs, and escaped slaves, The Half Has Never Been Told offers a radical new interpretation of American history. It forces readers to reckon with the violence at the root of American supremacy, but also with the survival and resistance that brought about slavery's end—and created a culture that sustains America's deepest dreams of freedom.
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The American Way of Strategy

Author: Michael Lind

Publisher: Oxford University Press

ISBN: 0195341414

Category: History

Page: 294

View: 6731

In The American Way of Strategy, Lind argues that the goal of U.S. foreign policy has always been the preservation of the American way of life--embodied in civilian government, checks and balances, a commercial economy, and individual freedom. Lind describes how successive Americanstatesmen--from George Washington, Thomas Jefferson, and Alexander Hamilton to Franklin Roosevelt, Dwight Eisenhower, and Ronald Reagan--have pursued an American way of strategy that minimizes the dangers of empire and anarchy by two means: liberal internationalism and realism. At its best, theAmerican way of strategy is a well-thought-out and practical guide designed to preserve a peaceful and demilitarized world by preventing an international system dominated by imperial and militarist states and its disruption by anarchy. When American leaders have followed this path, they have led ournation from success to success, and when they have deviated from it, the results have been disastrous. Framed in an engaging historical narrative, the book makes an important contribution to contemporary debates. The American Way of Strategy is certain to change the way that Americans understandU.S. foreign policy. "A shrewd and plausible critique of the drift of policy since the cold war." --The New York Times "Lind's encyclopedic knowledge of U.S. history and extraordinary grasp of the intellectual history of U.S. politics qualify him to write with great authority and insight about the development of American grand strategy from the Washington administration to the present day, and this generallylevel-headed and balanced book will significantly enhance Lind's reputation in foreign policy circles." --Foreign Affairs
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True Anarchy & Its Misconceptions

Author: Andrew Sheldon

Publisher: Andrew Sheldon

ISBN: 0992249929

Category: Political Science

Page: 99

View: 1828

This 99pp eBook offers an outline of anarchy and describes some of the pressing issues that tends to skew debate about what constitutes anarchy, and why much of the discussion around the left vs right anarchy tends only to engender political apprehensions that tilt the debate towards mainstream or contemporary politics.
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