Genre: & Economics

  • The Holy Grail Of Macro Economics

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    All students who specialize in economics t theories of micro and macro-economics, will usually complete their studies with a sound understanding of each theoretical instrument or policy. A Keynesian policy, for example, involves the public sector or government increasing the aggregate demand, by either lowering or increasing the interest rate…

  • The Hall of Mirrors

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    The Great Depression lasted from 1929-1933 by most accounts. The trigger is usually deemed to have been the introduction of the Smoot-Hawley Act, where 22,000 items flowing into the United States were to be widely taxed; creating a global repercussion and meltdown on an unprecedented scale. The actual story, according…

  • The Escape From Balance Sheet Recession And The QE Trap

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    Debt-reduction, if done too aggressively and widely, is the source of economic malaise. This has been the case in Japan since 1989, resulting in what Richard Koo, an HK economist based in Tokyo, called “balance sheet recession.” In a sense, it is an attempt to overcome the glut of any…

  • Blink

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    Malcolm Gladwell is a famous author who can literally get away with murder. How? Well, he can write on the flimsiest subjects, such as how the mind works in a snap of less than 2 seconds and gain immediate renown the world over. “Blink,” is how the mind, operating in…

  • Rise To Globalism

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    Stephen E. Ambrose and Douglas G. Brinkley are two of the most prolific authors in the United States. Together, or, separately, they have produced more than thirty books on World War II, the US presidency, American foreign policy and US creation of the United Nations. In this book, which has…

  • Rise Of The Robots

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    Globalization is often regarded as the main process by which jobs are destroyed, outsourced and supplanted across a wide spectrum of industries. In the industrial West, there is a sizable portion of people who continue to believe that globalization is a source of many social and political ills. Societies are…

  • What Is Global History?

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    Sebastian Unger, a German historian, is a persuasive writer. He argues that history is at best a manufactured discipline. It focuses exclusively on what has already been made apparent. The history of a country, for example, is told from the birth of the state. To the degree one needs to…

  • And The Money Kept Rolling In (And Out)

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    Argentina is considered an economic basket case due to its default on its international loans, especially to the International Monetary Fund (IMF). While the blame is often squarely put on the borrower, in the context of international political economy, the fault actually lies on both ends. It is not Argentina…

  • Why Nations Fail: The Origins of Power, Prosperity, and Poverty

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    “Why Nations Fail,” follows a simple logic and narrative: that it is the awful politics of a country that sends it careening into destruction. But, it is also a bewildering revelation: If the diagnosis is so simple, why do nations continue to engage in perpetual bickering that invariably lead to…

  • The ASEAN Economic Community: A Work In Progress

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    By the accounts of the IMF and the World Bank, Southeast Asia will have a growth rate twice that of the member states of OECD. This trend is expected to last well beyond 2020, extending all the way into 2050. This book isn’t all these targets. But it shows why…