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This ground-breaking book adds an economic angle to a traditionally moral argument, demonstrating that slavery has never promoted economic growth or development, neither today nor in the past. While unfree labor may be lucrative for slaveholders, its negative effects on a country’s economy, much like pollution, drag down all members of society. Tracing the history of slavery around the world, from prehistory through the US Antebellum South to the present day, Wright illustrates how slaveholders burden communities and governments with the task of maintaining the system while preventing productive individuals from participating in the economy. Historians, economists, policymakers, and anti-slavery activists need no longer apologize for opposing the dubious benefits of unfree labor. Wright provides a valuable resource for exposing the hidden price tag of slaving to help them pitch antislavery policies as matters of both human rights and economic well-being.

Microeconomics. --- Labor economics. --- Economic history. --- Economics. --- Labor Economics. --- Economic History. --- Slavery --- Economic aspects. --- Abolition of slavery --- Antislavery --- Enslavement --- Mui tsai --- Ownership of slaves --- Servitude --- Slave keeping --- Slave system --- Slaveholding --- Thralldom --- Crimes against humanity --- Serfdom --- Slaveholders --- Slaves --- Economic conditions --- History, Economic --- Economics --- Price theory

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In The Wealth of Nations Rediscovered: Integration and Expansion in American Financial Markets, 1780-1850, Robert E. Wright portrays the development of a modern financial sector - with a central bank, a national monetary system, and efficient capital markets - as the driving force behind America's economic transition from agricultural colony to industrial juggernaut. This study applies the economic theory of information asymmetry to our understandings of early US financial development, expanding on scholarship of finance-led economic growth. The book's research is original, incorporating little-used archival material and data on early US securities prices, trading volumes, and stockholder patterns. The topics covered - securities trading, market liquidity, intermediation, banking reform, emerging market success, and foreign investment - are relevant to discussions in today's business community. Drawing from and building upon Adam Smith's lesser-known insights into financial relationships, The Wealth of Nations Rediscovered positions itself on the cusp of emerging paradigm shifts in history and economics.

Finance --- Wealth --- Affluence --- Distribution of wealth --- Fortunes --- Riches --- Business --- Economics --- Capital --- Money --- Property --- Well-being --- History. --- United States --- Economic policy. --- Economic conditions. --- Arts and Humanities --- History

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This book explains how six policies collectively called the North American Wildlife Conservation Model (NAWCM), put in place around the turn of the twentieth century, saved numerous iconic big game species from extinction. Rigid adherence to the NAWCM, however, especially its ban on the commercial sale of wild game meat, has allowed deer and some other species to become overabundant pests in areas where hunting pressure recently declined and habitat rebounded. Texas and South Africa have proven that scientific insight and market incentives can combine to prevent game overabundance and decrease the fragility and extend the range of iconic mammal game species. This book outlines how intermediate steps, like proxy hunting and other wildlife regulation reforms, could be used to lure more hunters into the field and move other states towards the Texas model incrementally, thereby minimizing risks to wildlife or human stakeholders. Robert E. Wright is Senior Faculty Fellow at the American Institute for Economic Research, USA.

Pure sciences. Natural sciences (general) --- History --- History of North America --- History of Latin America --- wetenschapsgeschiedenis --- geschiedenis --- anno 1500-1799 --- anno 1800-1999 --- America --- Wildlife conservation. --- Wildlife conservation

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Today's financial crisis is the result of dismal failures on the part of regulators, market analysts, and corporate executives. Yet the response of the American government has been to bail out the very institutions and individuals that have wrought such havoc upon the nation. Are such massive bailouts really called for? Can they succeed?Robert E. Wright and his colleagues provide an unbiased history of government bailouts and a frank assessment of their effectiveness. Their book recounts colonial America's struggle to rectify the first dangerous real estate bubble and the British government's counterproductive response. It explains how Alexander Hamilton allowed central banks and other lenders to bail out distressed but sound businesses without rewarding or encouraging the risky ones. And it shows how, in the second half of the twentieth century, governments began to bail out distressed companies, industries, and even entire economies in ways that subsidized risk takers while failing to reinvigorate the economy. By peering into the historical uses of public money to save private profit, this volume suggests better ways to control risk in the future.Additional Columbia / SSRC books on the privatization of risk and its implications for Americans:Health at Risk: America's Ailing Health System--and How to Heal ItEdited by Jacob S. HackerLaid Off, Laid Low: Political and Economic Consequences of Employment InsecurityEdited by Katherine S. NewmanPensions, Social Security, and the Privatization of RiskEdited by Mitchell A. Orenstein

Bank failures --- Corporate reorganizations --- Corporate turnarounds --- Finance --- Financial crises --- Intervention (Federal government) --- Government policy

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The financial crisis of 2007-8 has already revolutionized institutions, markets, and regulation. Wright's Money and Banking V 2.0 captures those revolutionary changes and packages them in a way that engages undergraduates enrolled in Money and Banking and Financial Institutions and Markets courses. Minimal mathematics, accessible language, and a student-oriented tone ease readers into complex subjects like money, interest rates, banking, asymmetric information, financial crises and regulation, monetary policy, monetary theory, and other standard topics. Numerous short cases, called "Stop and Think" boxes, promote internalization over memorization. Exercise drills ensure basic skills competency where appropriate. Short, snappy sections that begin with a framing question enhance readability and encourage assignment completion. The 2.0 version of this text boasts substantive revisions (additions, deletions, rearrangements) of almost every chapter based on the suggestions of many Money and Banking instructors. Some specific highlights are: Chapter 11 now contains enhanced descriptions of recent regulatory changes, including Dodd-Frank, Chapter 12 is an entirely new chapter on derivatives covering forwards, futures, options, and swaps that also including comprehensive treatment of the causes and consequences of financial crises, and Chapter 14 has updated discussions of the Federal Reserve's monetary policy tools, including paying interest on reserves, and the structure and leadership of the European Central Bank. Recent financial turmoil has increased student interest in the financial system but simultaneously threatens to create false impressions and negative attitudes. This up-to-date text by a dynamic, young author encourages students to critique the financial system without rejecting its many positive attributes. Peruse the book online now to see for yourself if this book fits the needs of your course and students. This textbook has been used in classes at:Augustana College, Central Michigan University, Florida State University, Lyndon State College, Princeton University, Rutgers University, University of Southern Maine, Western Oregon University., Westminster College.

Business --- Accounting --- Finance --- Economics