Saturday, 28 February 2015

Boom, Bust, Exodus: The Rust Belt, the Maquilas, and a Tale of Two Cities

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Boom, Bust, Exodus: The Rust Belt, the Maquilas, and a Tale of Two Cities Description

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In 2002, the town of Galesburg, a slowly declining Rustbelt city of 33,000 in western Illinois, learned that it would soon lose its largest factory, a Maytag refrigerator plant that had anchored Galesburg's social and economic life for decades. Workers at the plant earned .14 an hour, had good insurance, and were assured a solid retirement. In 2004, the plant was relocated to Reynosa, Mexico, where workers sometimes spent 13-hour days assembling refrigerators for .10 an hour.

In Boom, Bust, Exodus, Chad Broughton offers a ground-level look at the rapid transition to a globalized economy, from the perspective of those whose lives it has most deeply affected. We live in a commoditized world, increasingly divorced from the origins of the goods we consume; it is easy to ignore who is manufacturing our smart phones and hybrid cars; and where they come from no longer seems to matter. And yet, Broughton shows, the who and where matter deeply, and in this book he puts human faces to the relentless cycle of global manufacturing.

It is a tale of two cities. In Galesburg, where parts of the empty Maytag factory still stand, a hollowed out version of the American dream, the economy is a shadow of what it once was. Reynosa, in contrast, has become one of the exploding post-NAFTA "second-tier cities" of the developing world, thanks to the influx of foreign-owned, export-oriented maquiladoras--an industrial promised land throbbing with the energy of commerce, legal and illegal. And yet even these distinctions, Broughton shows, cannot be finely drawn: families in Reynosa also struggle to get by, and the city is beset by violence and a ruthless drug war. Those left behind in the post-Industrial decline of Galesburg, meanwhile, do not see themselves as helpless victims: they have gone back to school, pursued new careers, and learned to adapt and even thrive.

In an era of growing inequality and a downsized middle class, Boom, Bust, Exodus gives us the voices of those who have borne the heaviest burdens of the economic upheavals of the past three decades. A deeply personal work grounded in solid scholarship, this important, immersive, and affecting book brings home the price and the cost of globalization..

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Friday, 27 February 2015

Design for Sustainability: A Sourcebook of Integrated, Eco-logical Solutions

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With radical and innovative design solutions, everyone could be living in buildings and settlements that are more like gardens than cargo containers, and that purify air and water, generate energy, treat sewage and produce food - at lower cost. Birkeland introduces systems design thinking that cuts across academic and professional boundaries and the divide between social and physical sciences to move towards a transdiciplinary approach to environmental and social problem-solving. This sourcebook is useful for teaching, as each topic within the field of environmental management and social change has pairs of short readings providing diverse perspectives to compare, contrast and debate. Design for Sustainability presents examples of integrated systems design based on ecological principles and concepts and drawn from the foremost designers in the fields of industrial design, materials, housing design, urban planning and transport, landscape and permaculture, and energy and resource management..

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Thursday, 26 February 2015

Animal Factory: The Looming Threat of Industrial Pig, Dairy, and Poultry Farms to Humans and the Environment

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Animal Factory: The Looming Threat of Industrial Pig, Dairy, and Poultry Farms to Humans and the Environment La revue

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Swine flu. Bird flu. Unusual concentrations of cancer and other diseases. Massive fish kills from flesh-eating parasites. Recalls of meats, vegetables, and fruits because of deadly E-coli bacterial contamination. 

 

Recent public health crises raise urgent questions about how our animal-derived food is raised and brought to market. In Animal Factory, bestselling investigative journalist David Kirby exposes the powerful business and political interests behind large-scale factory farms, and tracks the far-reaching fallout that contaminates our air, land, water, and food. 

In this thoroughly researched book, Kirby follows three families and communities whose lives are utterly changed by immense neighboring animal farms. These farms (known as “Concentrated Animal Feeding Operations,” or CAFOs), confine thousands of pigs, dairy cattle, and poultry in small spaces, often under horrifying conditions, and generate enormous volumes of fecal and biological waste as well as other toxins. Weaving science, politics, law, big business, and everyday life, Kirby accompanies these families in their struggles against animal factories. A North Carolina fisherman takes on pig farms upstream to preserve his river, his family’s life, and his home. A mother in a small Illinois town pushes back against an outsized dairy  farm and its devastating impact. And a Washington State grandmother becomes an unlikely activist when her home is invaded by foul odors and her water supply is compromised by runoff from leaking lagoons of cattle waste. 

Animal Factory is an important book about our American food system gone terribly wrong---and the people who are fighting to restore sustainable farming practices and save our limited natural resources. 

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Wednesday, 25 February 2015

The Great Invention: The Story of GDP and the Making and Unmaking of the Modern World

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The Great Invention: The Story of GDP and the Making and Unmaking of the Modern World Description

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The fascinating story of one of the twentieth-century's most influential and dangerously addictive ideas, told through the lives of those who invented it.

The world’s principal measure of the health of economies is gross domestic product, or GDP: the sum of what all of us spend every day, from the contents of our weekly shopping to large capital spending by businesses. GDP also includes the myriad things that our governments pay for, from libraries and road-line painting to naval dockyards and nuclear weapons.

The Great Invention reveals how in just a few decades GDP became the world’s most powerful formula: how six algebraic symbols forged in the fires of the 1930's economic crisis helped Europe and America prosper, how the remedy now risks killing the patient it once saved, and how this fundamentally flawed metric is creating the illusion of global prosperity―and why many world leaders want to be able to ignore it but so far remain powerless to do so.

Drawing on interviews, firsthand accounts, and previously neglected source materials, The Great Invention takes readers on a journey from Capitol Hill to Whitehall―on the trail of theories made in Cambridge, tested in Karachi, and designed for global application―into the minds of unworldly geniuses seduced by the allure of power and the demands of politics.

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The World Order: Our Secret Rulers

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The World Order: Our Secret Rulers La revue

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Orwell laid down the dictum that slogans must be in Newspeak, ''War is Peace, Freedom is Slavery, Ignorance is Strength''. This is the program of the hegemony of parasitism through the World Order. The program of the World Order remains the same; Divide and Conquer. Orwell concludes ''1984'' with a denial that the victims of the World Order have any hope. He claims the World Order will always triumph, which is a great propaganda achievement for the hegemony of parasitism. He writes, ''If you want a picture of the future, imagine a boot stamping on a human face - forever.'' He disposes of his ''hero'', a citizen who had vainly tried to oppose the Party, by ending the book with the ''hero'' whimpering that ''He loved Big Brother''. The peoples of the world not only will never love Big Brother, but they will soon dispose of him forever..

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Tuesday, 24 February 2015

The Story of Stuff

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The Story of Stuff Description

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How Our Obsession with Stuff is Trashing the Planet, Our Communities, and Our Health - and a Vision for Change

We have a problem with Stuff. With just 5 percent of the world's population, were consuming 30 percent of the world's resources and creating 30 percent of the worlds waste. If everyone consumed at U.S. rates, we would need three to five planets!

This alarming fact drove Annie Leonard to create the Internet film sensation The Story of Stuff, which has been viewed over 10 million times by people around the world. In her sweeping, groundbreaking book of the same name, Leonard tracks the life of the Stuff we use every day where our cotton T-shirts, laptop computers, and aluminum cans come from, how they are produced, distributed, and consumed, and where they go when we throw them out. Like Rachel Carson's Silent Spring, The Story of Stuffis a landmark book that will change the way people think and the way they live.

Leonard's message is startlingly clear: we have too much Stuff, and too much of it is toxic. Outlining the five stages of our consumption-driven economy from extraction through production, distribution, consumption, and disposal, she vividly illuminates its frightening repercussions. Visiting garbage dumps and factories around the world, Leonard reveals the true story behind our possessions why it's cheaper to replace a broken TV than to fix it; how the promotion of "perceived obsolescence" encourages us to toss out everything from shoes to cell phones while they're still in perfect shape; and how factory workers in Haiti, mine workers in Congo, and everyone who lives and works within this system pay for our cheap goods with their health, safety, and quality of life. Meanwhile we, as consumers, are compromising our health and well-being, whether it's through neurotoxins in our pillows or lead leaching into our kids food from their lunch boxes and all this Stuff isn't even making us happier!

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India Unbound: The Social and Economic Revolution from Independence to the Global Information Age

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India today is a vibrant free-market democracy, a nation well on its way to overcoming decades of widespread poverty. The nation’s rise is one of the great international stories of the late twentieth century, and in India Unbound the acclaimed columnist Gurcharan Das offers a sweeping economic history of India from independence to the new millennium.

Das shows how India’s policies after 1947 condemned the nation to a hobbled economy until 1991, when the government instituted sweeping reforms that paved the way for extraordinary growth. Das traces these developments and tells the stories of the major players from Nehru through today. As the former CEO of Proctor & Gamble India, Das offers a unique insider’s perspective and he deftly interweaves memoir with history, creating a book that is at once vigorously analytical and vividly written. Impassioned, erudite, and eminently readable, India Unbound is a must for anyone interested in the global economy and its future.Since the start of the recent global boom in information technology, there's been much talk in economic circles of an India covered with bold stripes, the next Asian tiger. Gurcharan Das, however, sees a much larger but lumbering elephant rising out of the muggy history of a country in which one-sixth of the world's population resides. India, as he states in India Unbound, "will never have speed, but it will always have stamina." How that stamina has evidenced itself over the past half-century is the focus of Das's book, an intricate, personal account of the beginnings of India's ongoing economic and social transformation.

Das begins his story shortly before India gained its independence from the British in 1947. He was born into a middle-class Punjabi family well ensconced in the new British-educated professional class. Das's borrowed term of "cultural commuters" fits his father's generation well, and his description of life lived between the more philosophical and spiritual worlds of Indian tradition and the Western-influenced business world of the British Raj reveal both a versatility and disorientation that was to permeate succeeding generations of independent Indians. Though mindful of Jawaharlal Nehru's influence on India's embrace of democracy, Das takes to task the economic leadership of the man who, while beginning his democratic rule with ambitions to end "poverty and ignorance and disease and inequality of opportunity" ultimately failed in this regard. With an ever-present eye on the economic plight of his fellow countrymen (and frequent use of anecdotes and statistics), Das examines the irony of the socialist governments of Nehru and Indira Gandhi, which were founded in the name of the poor but became inefficient, bureaucratic behemoths, sucking the economic lifeblood out of the country. His education at Harvard introduced him to a slew of influential theories, including those of economist John Kenneth Galbraith and philosopher John Rawls. But instead of remaining in academia, Das began his career in business, joining the Indian subsidiary of Vicks and rising to become head of its Indian company, Richardson Hindustan, in 1981, and eventually, a CEO at Proctor & Gamble. Soon after the economic reforms of the early 1990s, however, Das left to employ his keen observational skills as a journalist and writer, and the latter part of this book is crammed with his insights into the opportunities of present-day India. Das is obviously enthusiastic about the possibilities that the knowledge economy has opened up for India, but he thoughtfully examines these economic options within the framework of the cultural past and future of a country on the "brink of the biggest transformation in its history."

As an autobiography that touches on every area of life but focuses a keen eye on economic development, Das's account is jam-packed with detail. At every chance, he sets the personal story of his family and ancestors in the wider context of history (often for full chapters at a time), creating a broad and richly detailed picture of Indian life. Though he writes in colorful, descriptive prose, Das's succinct and matter-of-fact statements occasionally seem to belie the complexity and ambiguities of historical and cultural transitions. However, India Unbound is a vast undertaking, and Das's combination of historical account, economic analysis, cultural observation, and personal experience is often intriguing and always informative. --S. Ketchum.

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Monday, 23 February 2015

The Wheels of Commerce (Civilization and Capitalism: 15Th-18th Century -Volume 2)

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The Wheels of Commerce (Civilization and Capitalism: 15Th-18th Century -Volume 2) La revue

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The subject of The Wheels of Commerce is the development of mechanisms of exchange—shops, markets, trade networks, and banking—in the pre-industrial stages of capitalism.
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Wheel of Fortune: The Battle for Oil and Power in Russia

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Wheel of Fortune: The Battle for Oil and Power in Russia La revue

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The Russian oil industry—which vies with Saudi Arabia as the world’s largest producer and exporter of oil, providing nearly 12 percent of the global supply—is facing mounting problems that could send shock waves through the Russian economy and worldwide. Wheel of Fortune provides an authoritative account of this vital industry from the last years of communism to its uncertain future. Tracking the interdependence among Russia’s oil industry, politics, and economy, Thane Gustafson shows how the stakes extend beyond international energy security to include the potential threat of a destabilized Russia.



Gustafson, a leading consultant and analyst of the politics of energy in the former Soviet Union, draws on interviews with key players over the course of two decades to provide a detailed history of the oil industry’s evolution since the breakup of the Soviet Union. At its center is the complex and fraught relationship between the oil industry and the state, which loosened its grip under Yeltsin only to tighten it again under Putin. As oil becomes harder to find and more expensive to produce and deliver, Gustafson warns, Russia’s growing dependence on revenue from oil exports, along with its inefficient and often-corrupt management of the industry, is unsustainable.



A rich but troubled Soviet legacy, the conflicting ambitions of politicians and industry oligarchs, and the excesses of capitalism Russian-style threaten to lead Russia to an impasse. Involving the oil industry in the country’s modernization agenda and remaking its relationship to the state, Gustafson argues, is Russia’s best path toward a stable economy and a safer world.

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Toward Sustainable Communities: Transition and Transformations in Environmental Policy (American and Comparative Environmental Policy)

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Toward Sustainable Communities: Transition and Transformations in Environmental Policy (American and Comparative Environmental Policy) La revue

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This analysis of U.S. environmental policy offers a conceptual framework that serves as a valuable roadmap to the array of laws, programs, and approaches developed over the last four decades. Combining case studies and theoretical discussion, the book views environmental policy in the context of three epochs: the rise of command-and-control federal regulation in the 1970s, the period of efficiency-based reform efforts that followed, and the more recent trend toward sustainable development and integrated approaches at local and regional levels. It assesses the strengths and weaknesses of the new approaches and places these experiments within the larger framework of an emerging trend toward community sustainability. Toward Sustainable Communities assesses environmental policy successes and failures at the subnational, regional, and state levels and offers eight case studies of policy arenas in which transformations have been occurring -- from air and water pollution control and state and local climate change policy to open space preservation, urban growth, and regional ecosystem management. It discusses the various meanings of sustainability and whether the concept can serve as a foundation for a new era of environmental policy. The second edition has been substantially updated, with five new chapters (including the chapter on climate change) and all other chapters revised and shortened. It is suitable as a primary or secondary text for environmental policy courses and as a resource for scholars and policymakers.Contributors: Elisa Barbour, Michele M. Betsill, Daniel J. Fiorino, Marc Gaden, Lamont C. Hempel, Michael E. Kraft, William D. Leach, Mark Lubell, Daniel A. Mazmanian, Nicole Nakagawa, Kent E. Portney, Daniel Press, Paul A. Sabatier, Barry G. Rabe, Michael B. Teitz
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Sunday, 22 February 2015

One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe

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Like its current citizens, the United States was born in debt-a debt so deep that it threatened to destroy the young nation. Thomas Jefferson considered the national debt a monstrous fraud on posterity, while Alexander Hamilton believed debt would help America prosper. Both, as it turns out, were right.

One Nation Under Debt explores the untold history of America's first national debt, which arose from the immense sums needed to conduct the American Revolution. Noted economic historian Robert Wright, Ph.D. tells in riveting narrative how a subjugated but enlightened people cast off a great tyrant-“but their liberty, won with promises as well as with the blood of patriots, came at a high price.” He brings to life the key events that shaped the U.S. financial system and explains how the actions of our forefathers laid the groundwork for the debt we still carry today.

As an economically tenuous nation by Revolution's end, America's people struggled to get on their feet. Wright outlines how the formation of a new government originally reduced the nation's debt-but, as debt was critical to this government's survival, it resurfaced, to be beaten back once more. Wright then reveals how political leaders began accumulating massive new debts to ensure their popularity, setting the financial stage for decades to come.

Wright traces critical evolutionary developments-from Alexander Hamilton's creation of the nation's first modern capital market, to the use of national bonds to further financial goals, to the drafting of state constitutions that created non-predatory governments. He shows how, by the end of Andrew Jackson's administration, America's financial system was contributing to national growth while at the same time new national and state debts were amassing, sealing the fate for future generations.

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Saturday, 21 February 2015

Making Peace with the Earth

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In this compelling and rigorously documented exposition, Vandana Shiva demolishes the myths propagated by corporate globalisation in its pursuit of profit and power and shows its devastating environmental impact.

Shiva argues that consumerism lubricates the war against the earth and that corporate control violates all ethical and ecological limits. She takes the reader on a journey through the world's devastated eco-landscape, one of genetic engineering, industrial development and land-grabs in Africa, Asia and South America. She concludes that exploitation of this order is incurring an ecological and economic debt that is unsustainable.

Making Peace with the Earth outlines how a paradigm shift to earth-centred politics and economics is our only chance of survival and how collective resistance to corporate exploitation can open the way to a new environmentalism.

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Plan B 4.0: Mobilizing to Save Civilization (Substantially Revised)

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Plan B 4.0: Mobilizing to Save Civilization (Substantially Revised) Description

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“[Brown’s] ability to make a complicated subject accessible to the general reader is remarkable.”―Katherine Salant, Washington Post

As fossil fuel prices rise, oil insecurity deepens, and concerns about climate change cast a shadow over the future of coal, a new energy economy is emerging. Wind, solar, and geothermal energy are replacing oil, coal, and natural gas, at a pace and on a scale we could not have imagined even a year ago. For the first time since the Industrial Revolution, we have begun investing in energy sources that can last forever. Plan B 4.0 explores both the nature of this transition to a new energy economy and how it will affect our daily lives..

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Friday, 20 February 2015

Bottlemania: Big Business, Local Springs, and the Battle Over America's Drinking Water

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Bottled water is on the verge of becoming the most popular beverage in the country. But what's the cost of all this water for us and for the environment? In this eye-opening book, Elizabeth Royte does for water what Michael Pollan did for food: She examines the people, machines, economies, and cultural trends that surround it on its journey from distant aquifers to our supermarkets and homes.

Royte looks at the various sources of drinking water (including the embattled Maine town that Poland Spring exports from), the chemicals we dump into it to make it potable, and the real differences between tap and bottled.

Bottlemania is the story of one of the greatest marketing coups of the 20th century and one of the most troubling issues facing our environment today. With a new afterword on the developing issues in clean water around the world.

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An Engine, Not a Camera: How Financial Models Shape Markets (Inside Technology)

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In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes.Paraphrasing Milton Friedman, MacKenzie says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts. More than that, the emergence of an authoritative theory of financial markets altered those markets fundamentally. For example, in 1970, there was almost no trading in financial derivatives such as "futures." By June of 2004, derivatives contracts totaling 3 trillion were outstanding worldwide. MacKenzie suggests that this growth could never have happened without the development of theories that gave derivatives legitimacy and explained their complexities.MacKenzie examines the role played by finance theory in the two most serious crises to hit the world's financial markets in recent years: the stock market crash of 1987 and the market turmoil that engulfed the hedge fund Long-Term Capital Management in 1998. He also looks at finance theory that is somewhat beyond the mainstream -- chaos theorist Benoit Mandelbrot's model of "wild" randomness. MacKenzie's pioneering work in the social studies of finance will interest anyone who wants to understand how America's financial markets have grown into their current form.
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Thursday, 19 February 2015

On the Brink: How a Crisis Transformed Lloyd's of London

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Huge losses very nearly destroyed Lloyd's, a revered British institution, the world's largest insurance market. Ten thousand people faced big personal bills they thought profoundly unfair. They challenged a complacent institution, forcing it to confront its biggest ever crisis. This book tells what really happened, from the inside..

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Wednesday, 18 February 2015

The Euro Crisis and Its Aftermath

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The Euro Crisis and Its Aftermath La revue

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The euro's life, while only slightly more than a decade long, has been riddled by a series of challenges and crises. The eruption of the Greek crisis in 2010 took European policymakers by surprise and forced them to design responses to a quickly deteriorating situation. Even though Europe has final begun to stabilize, the disparity between the prosperous Northern countries, especially Germany, and the plummeting Southern countries, including Spain and Greece, has exacerbated economic and political problems within the Eurozone. Amidst loud and frequent debates, solutions have been enacted, but the struggles facing this monetary union continue to develop even today.

The Euro Crisis and Its Aftermath was written to inform readers about the roots of this enduring European crisis and the alternative proposals for ending it. In four parts, Jean Pisani-Ferry explains the origins of the European currency, the build-up of imbalances and oversights that led to the crisis, the choices European policymakers have both addressed and ignored since 2010, and the evolution of the policy agenda and possible options for the future. The book is as much of an informative and analytical history as it is a discussion of solutions for a more prosperous European economy.

Rather than putting forth and supporting a thesis, Pisani-Ferry helps readers understand the past and present of the euro crisis and form their own opinions about potential solutions. This book is not intended to reach only economists, as time has long passed since European monetary unification was a debate limited to academics. This book is also for the policy makers searching for solutions, citizens of Europe enduring the consequences, and the international community that has felt the effects of an unstable Eurozone.
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The End of Normal: The Great Crisis and the Future of Growth

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The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, "austerity" on one side and "stimulus" on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance. From this perspective the crisis was an interruption, caused by bad policy or bad people, and full recovery is to be expected if the cause is corrected.

The End of Normal challenges this view. Placing the crisis in perspective, Galbraith argues that the 1970s already ended the age of easy growth. The 1980s and 1990s saw only uneven growth, with rising inequality within and between countries. And the 2000s saw the end even of that - despite frantic efforts to keep growth going with tax cuts, war spending, and financial deregulation. When the crisis finally came, stimulus and automatic stabilization were able to place a floor under economic collapse. But they are not able to bring about a return to high growth and full employment.

Today, four factors impede a return to normal. They are the rising costs of real resources, the now-evident futility of military power, the labor-saving consequences of the digital revolution, and the breakdown of law and ethics in the financial sector. The Great Crisis should be seen as a turning point, a barometer of the rise of unstable economic conditions, which should be regarded as the new normal. Policies and institutions going forward should be designed, above all, modestly, to cope with this fact, maintaining conditions for a good life in difficult times.

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Tuesday, 17 February 2015

Megaprojects and Risk: An Anatomy of Ambition

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Megaprojects and Risk provides the first detailed examination of the phenomenon of megaprojects. It is a fascinating account of how the promoters of multi-billion dollar megaprojects systematically and self-servingly misinform parliaments, the public and the media in order to get projects approved and built. It shows, in unusual depth, how the formula for approval is an unhealthy cocktail of underestimated costs, overestimated revenues, undervalued environmental impacts and overvalued economic development effects. This results in projects that are extremely risky, but where the risk is concealed from MPs, taxpayers and investors. The authors not only explore the problems but also suggest practical solutions drawing on theory, experience and hard, scientific evidence from the several hundred projects in twenty nations and five continents that illustrate the book. Accessibly written, it will be the standard reference for students, scholars, planners, economists, auditors, politicians and interested citizens for many years to come..

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Keynes Hayek: The Clash that Defined Modern Economics

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Keynes Hayek: The Clash that Defined Modern Economics La revue

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“I defy anybody—Keynesian, Hayekian, or uncommitted—to read [Wapshott’s] work and not learn something new.”—John Cassidy, The New Yorker


As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore balance to economies gone awry. John Maynard Keynes, the mercurial Cambridge economist, believed that government had a duty to spend when others would not. He met his opposite in a little-known Austrian economics professor, Freidrich Hayek, who considered attempts to intervene both pointless and potentially dangerous. The battle lines thus drawn, Keynesian economics would dominate for decades and coincide with an era of unprecedented prosperity, but conservative economists and political leaders would eventually embrace and execute Hayek's contrary vision.



From their first face-to-face encounter to the heated arguments between their ardent disciples, Nicholas Wapshott here unearths the contemporary relevance of Keynes and Hayek, as present-day arguments over the virtues of the free market and government intervention rage with the same ferocity as they did in the 1930s.

“I defy anybody—Keynesian, Hayekian, or uncommitted—to read [Wapshott’s] work and not learn something new.”—John Cassidy, The New Yorker


As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore balance to economies gone awry. John Maynard Keynes, the mercurial Cambridge economist, believed that government had a duty to spend when others would not. He met his opposite in a little-known Austrian economics professor, Freidrich Hayek, who considered attempts to intervene both pointless and potentially dangerous. The battle lines thus drawn, Keynesian economics would dominate for decades and coincide with an era of unprecedented prosperity, but conservative economists and political leaders would eventually embrace and execute Hayek's contrary vision.



From their first face-to-face encounter to the heated arguments between their ardent disciples, Nicholas Wapshott here unearths the contemporary relevance of Keynes and Hayek, as present-day arguments over the virtues of the free market and government intervention rage with the same ferocity as they did in the 1930s..

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Monday, 16 February 2015

Corporate Water Strategies

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Corporate Water Strategies La revue

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In the past businesses have viewed water as a minimal operational cost and not a strategic issue. However, water has now emerged as a critical issue for both corporations and the public sector in response to increased water demand, climatic risks and potentially negative impacts on brand value.

This innovative book provides up-to-date information on global water issues and describes how companies can not only address these challenges but also implement high value global water strategies. It shows:

  • why water is a critical business issue for companies which now face water risk to their operations and brands
  • how new concepts such as embedded water and virtual water are forcing companies to think differently about how they use water to manufacture products
  • that companies need to develop a corporate water strategy to manage it as a key business issue and capture the real value of water
  • how companies can develop partnerships with non-governmental organizations to implement water strategies.
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Saturday, 14 February 2015

The Cheap Guide to Sustainability and Corporate Social Responsibility

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The Cheap Guide to Sustainability and Corporate Social Responsibility La revue

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A quick and easy reference to the world of Sustainability and Corporate Social Responsibility. You'll find lists of organizations, conferences, people, terms and concepts, all to help you navigate this growing profession. Reviews: The road from here to sustainability is long, winding and full of unexpected detours. We need good maps, and this is one of the best: a succinct, sometimes sassy, guide to who’s who and what’s what in the world of CSR and sustainable business, designed to help speed the journey. — Joel Makower, Chairman and Executive Editor, GreenBiz Group, and co-author, The New Grand Strategy (St. Martin’s Press, 2016) Sustainability. CSR. Materiality. Natural capital. Circular Economy. ESG. So many words to describe how companies manage their social and environmental issues and contribute to the larger world. Managers trying to understand this growing field could certainly use a “yellow pages” to chart a course through a complex environment. Leo Raudys’ new book, The Cheap Guide to Sustainability and Corporate Social Responsibility, gives readers a quick overview of the organizations and people trying to build a thriving world, and the language and ideas that inspire them. Andrew Winston, corporate sustainability advisor, author of The Big Pivot, and co-author of Green to Gold.

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A History of Money: From Ancient Times to the Present Day

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This is a straight-forward, readable account, written with the minimum of jargon, of the central importance of money in the ordinary business of the life of different peoples throughout the ages from ancient times to the present day. 

First published in hardback in 1994 and selected by the American Libraries Association as an Outstanding Academic Book. This revised and updated paperback edition also deals with the Barings crisis and the report by the Bank of England on Barings Bank; up-to-date information on the state of Japanese banking; changes in the financial scene in the US; the UK housing market and the problem of negative equity. The paradox of why more coins than ever before are required in an increasingly cashless society is clearly explained, as is the role of the new Euro' coin as the lowest common denominator in Europe's controversial single currency system. The final section provides evidence to suggest that for most of the world's richer countries the era of persistent inflation may well be at an end..

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Friday, 13 February 2015

Economics of the Environment: Selected Readings (Sixth Edition)

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The seminal articles in Environmental Economics collected under one roof!

The field of Environmental Economics is more important than ever, with new economics theories quickly becoming government policy. The leading ideas in the field are communicated through journal articles, and the most important ones are collected in the new edition of this classic book―half the articles in the Sixth Edition are brand-new. And the editor, Robert Stavins of Harvard, is a leading international economist.

The Sixth Edition of Economics of the Environment is the most extensive one in a generation, with seventeen new articles, all of which were published after 2005. In addition, editor Robert Stavins is an increasingly prominent name, with a high-profile recent article (2011: a new look at the “Tragedy of the Commons”) that is included in the book..

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Thursday, 12 February 2015

Pillars of Prosperity: The Political Economics of Development Clusters (The Yrjö Jahnsson Lectures)

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"Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters--places that tend to combine effective state institutions, the absence of political violence, and high per-capita incomes.

To achieve peace, the authors stress the avoidance of repressive government and civil conflict. Easy taxes, they argue, refers not to low taxes, but a tax system with widespread compliance that collects taxes at a reasonable cost from a broad base, like income. And a tolerable administration of justice is about legal infrastructure that can support the enforcement of contracts and property rights in line with the rule of law. The authors show that countries tend to enjoy all three pillars of prosperity when they have evolved cohesive political institutions that promote common interests, guaranteeing the provision of public goods. In line with much historical research, international conflict has also been an important force behind effective states by fostering common interests. The absence of common interests and/or cohesive political institutions can explain the existence of very different development clusters in fragile states that are plagued by poverty, violence, and weak state capacity.

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