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Book
The new social question : rethinking the welfare state
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ISBN: 140082348X 140081457X 0691265771 Year: 2000 Publisher: Princeton, New Jersey : Princeton University Press,

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The welfare state has come under severe pressure internationally, partly for the well-known reasons of slowing economic growth and declining confidence in the public sector. According to the influential social theorist Pierre Rosanvallon, however, there is also a deeper and less familiar reason for the crisis of the welfare state. He shows here that a fundamental practical and philosophical justification for traditional welfare policies--that all citizens share equal risks--has been undermined by social and intellectual change. If we wish to achieve the goals of social solidarity and civic equality for which the welfare state was founded, Rosanvallon argues, we must radically rethink social programs.Rosanvallon begins by tracing the history of the welfare state and its founding premise that risks, especially the risks of illness and unemployment, are equally distributed and unpredictable. He shows that this idea has become untenable because of economic diversification and advances in statistical and risk analysis. It is truer than ever before--and far more susceptible to analysis--that some individuals will face much greater risks than others because of their jobs and lifestyle choices. Rosanvallon argues that social policies must be more narrowly targeted. And he draws on evidence from around the world, in particular France and the United States, to show that such programs as unemployment insurance and workfare could better reflect individual needs by, for example, making more explicit use of contracts between the providers and receivers of benefits. His arguments have broad implications for welfare programs everywhere and for our understanding of citizenship in modern democracies and economies."For more than two decades Pierre Rosanvallon has been analyzing the development and the crisis of the 'welfare state,' combining precise, specific knowledge with philosophical and historical depth in a way that is rare among social policy analysts. [A] subtle and informed book."--From the foreword by Nathan Glazer

Keywords

Welfare state. --- France --- Social policy. --- Economic policy. --- A Theory of Justice. --- Attempt. --- Begging. --- Complex society. --- Corporatism. --- Corporatocracy. --- Debt. --- Demographic transition. --- Deprecation. --- Deregulation. --- Despotism. --- Disaster. --- Disfranchisement. --- Distributive justice. --- Dynamic efficiency. --- Economic efficiency. --- Economic interventionism. --- Economics. --- Economy and Society. --- Employment. --- Expense. --- Externalization. --- Ideology. --- Impasse. --- Impossibility. --- Income. --- Indemnity. --- Individualism. --- Inferiority complex. --- Insurance. --- Internalization. --- Investment. --- Left-wing politics. --- Liberalism. --- Mercantilism. --- Modernity. --- Nanny state. --- Nationalization. --- New Issue. --- New economy. --- Obligation. --- Opportunism. --- Orwellian. --- Ostracism. --- Overextension. --- Paradox. --- Physiognomy. --- Political agenda. --- Pragmatism. --- Precedent. --- Primary goods. --- Protectionism. --- Radical Change. --- Radicalization. --- Rationing. --- Real versus nominal value (economics). --- Reexamination. --- Reform movement. --- Reformism. --- Retraining. --- Risk of loss. --- Separatism. --- Slavery. --- Social Action. --- Social Practice. --- Social actions. --- Social capital. --- Social class. --- Social conflict. --- Social cost. --- Social democracy. --- Social exclusion. --- Social history. --- Social insurance. --- Social issue. --- Social progress. --- Social protection. --- Social rejection. --- Social relation. --- Social research. --- Social revolution. --- Social theory. --- Social transformation. --- Society. --- Special situation. --- Subsidy. --- Tax. --- The Social Contract. --- Third World. --- Traditional society. --- Underclass. --- Underemployment. --- Unemployment benefits. --- Unemployment. --- Veil of ignorance. --- Welfare. --- Workfare. --- Works Progress Administration.

Colonialism and revolution in the Middle East : social and cultural origins of Egypt's 'Urabi movement
Author:
ISBN: 1282457764 9786612457760 1400820901 1400811279 9781400811274 9781400820900 9780691056838 0691056838 140080132X Year: 1993 Publisher: Princeton, N.J. Princeton University Press

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In this book Juan R. I. Cole challenges traditional elite-centered conceptions of the conflict that led to the British occupation of Egypt in September 1882. For a year before the British intervened, Egypt's viceregal government and the country's influential European community had been locked in a struggle with the nationalist supporters of General Ahmad al-`Urabi. Although most Western observers still see the `Urabi movement as a "revolt" of junior military officers with only limited support among the Egyptian people, Cole maintains that it was a broadly based social revolution hardly underway when it was cut off by the British. While arguing this fresh point of view, he also proposes a theory of revolutions against informal or neocolonial empires, drawing parallels between Egypt in 1882, the Boxer Rebellion in China, and the Islamic Revolution in modern Iran. In a thorough examination of the changing Egyptian political culture from 1858 through the `Urabi episode, Cole shows how various social strata--urban guilds, the intelligentsia, and village notables--became "revolutionary." Addressing issues raised by such scholars as Barrington Moore and Theda Skocpol, his book combines four complementary approaches: social structure and its socioeconomic context, organization, ideology, and the ways in which unexpected conjunctures of events help drive a revolution.

Keywords

Social classes --- Class distinction --- Classes, Social --- Rank --- Caste --- Estates (Social orders) --- Social status --- Class consciousness --- Classism --- Social stratification --- History --- ʻUrābī, Aḥmad, --- Egypt --- Aḥmad ʻArābī, --- Aḥmad ʻIrābī, --- Aḥmad ʻUrābī, --- ʻArābī, Aḥmad, --- ʻArabi Pasha, --- ʻIrābī, Aḥmad, --- Ourabi, Ahmad, --- Ourabi, Ahmed, --- ʻUrābī Pasha, --- أحمد عرابي --- عرابي، أحمد، --- عرابي، احمد --- عرابي، احمد، --- عرابى، أحمد، --- History of Africa --- anno 1800-1899 --- Abbasid Caliphate. --- Activism. --- Al-Ahram. --- Al-Mahdi. --- Algerian War. --- Ancien Régime. --- Anti-imperialism. --- Arabization. --- Banditry. --- Before the Revolution. --- Bourgeoisie. --- British Empire. --- Bureaucrat. --- Byzantine Empire. --- Caliphate. --- Capitalism. --- Censorship. --- Central Asia. --- Circassians. --- Colonialism. --- Conspiracy theory. --- Constitutionalist (UK). --- Corporatism. --- Counter-revolutionary. --- Decolonization. --- Despotism. --- Economic interventionism. --- Education in Egypt. --- Egyptian Government. --- Egyptian crisis (2011–14). --- Egyptian law. --- Egyptians. --- Elie Kedourie. --- Emir. --- English Revolution. --- Expansionism. --- Expatriate. --- Extraterritoriality. --- Foreign policy of the United States. --- From Time Immemorial. --- Ideology. --- Imperial Ambitions. --- Imperialism. --- Indian Rebellion of 1857. --- Infant industry. --- Insurgency. --- Intelligentsia. --- International relations. --- Iranian Revolution. --- Jamal ad-Din al-Afghani. --- Jingoism. --- Khedive. --- Labor aristocracy. --- Liberalism (book). --- Liberalism. --- Loan shark. --- Mercantilism. --- Middle East. --- Mirrors for princes. --- Nativism (politics). --- Neocolonialism. --- New Political Economy (journal). --- Newspaper. --- On Revolution. --- Orientalism. --- Ottoman Empire. --- Pan-Islamism. --- Peasant. --- Pogrom. --- Political revolution. --- Politics. --- Poll tax. --- Populism. --- Radicalism (historical). --- Reformism. --- Revolution. --- Revolutionary movement. --- Ruhollah Khomeini. --- Salman Rushdie. --- Sayyid. --- Secularization. --- Social revolution. --- State within a state. --- States and Social Revolutions. --- Subaltern (postcolonialism). --- Suez Canal Company. --- Suez Crisis. --- Tanzimat. --- Tax collector. --- Tax. --- The Imperialism of Free Trade. --- Tyrant. --- Upper Egypt. --- Urban riots. --- Use tax. --- Usury. --- Warfare. --- Westernization. --- Young Turk Revolution. --- Zoroaster. --- Urabi, Ahmad,


Book
The institutional foundation of economic development
Author:
ISBN: 0691235589 0691235562 9780691235561 9780691235578 0691235570 Year: 2023 Publisher: Princeton : Princeton University Press,

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Institutions matter for economic development. Yet despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED). Bringing together findings from a range a fields, from development economics and development studies to political science and sociology, this title explores the precise mechanisms through which institutions affect growth. Shiping Tang contends that institutions shape economic development through four 'Big Things': possibility, incentive, capability, and opportunity. From this perspective, IFED has six major dimensions: political hierarchy, property rights, social mobility, redistribution, innovation protection, and equal opportunity. Tang further argues that IFED is only one pillar within the New Development Triangle (NDT).

Keywords

Economic development. --- Institutional economics. --- Political stability --- BUSINESS & ECONOMICS / Development / Economic Development. --- Economic aspects. --- Aggregate demand. --- Autocracy. --- Basic education. --- Bond Yield. --- Bureau of Economic Analysis. --- Capital accumulation. --- Capital control. --- Capital market. --- Classical economics. --- Consumer behaviour. --- Consumer spending. --- Consumer. --- Consumption (economics). --- Convergence (economics). --- Cost Of Funds. --- Credit default swap. --- Credit risk. --- Currency. --- Current account. --- Democracy and economic growth. --- Derivative (finance). --- Developed country. --- Development economics. --- Economic equilibrium. --- Economic growth. --- Economic history. --- Economic indicator. --- Economic interventionism. --- Economic liberalization. --- Economic nationalism. --- Economic planning. --- Economic policy. --- Economic power. --- Economic recovery. --- Economic sociology. --- Economic surplus. --- Economics. --- Economy. --- Effectiveness. --- Endogeneity (econometrics). --- Entrepreneurship. --- Evolutionary economics. --- Exchange rate. --- Factor endowment. --- Financial inclusion. --- Financial transaction. --- Fiscal capacity. --- GDP deflator. --- Globalization. --- Historical institutionalism. --- Household. --- Human capital. --- Incentive. --- Inclusive growth. --- Income tax. --- Income. --- Innovation. --- Institution. --- Institutional theory. --- Interest rate parity. --- Interest rate. --- International development. --- International trade. --- Investment fund. --- Investment. --- Investor. --- Journal of Political Economy. --- Knowledge economy. --- Labour economics. --- Market economy. --- Market integration. --- Market liquidity. --- Market power. --- Marketplace of ideas. --- Meritocracy. --- Neoclassical economics. --- Neoliberalism. --- Net Investment Income. --- New institutional economics. --- Output (economics). --- Probability theory. --- Production–possibility frontier. --- Public policy. --- Rate of return. --- Saving. --- Social capital. --- Social evolution. --- Social mobility. --- Social science. --- Socioeconomic development. --- State (polity). --- Supply (economics). --- Theoretical Value. --- Welfare economics. --- World Bank Group. --- World Bank. --- World Trade Organization. --- World Values Survey. --- Destabilization (Political science) --- Political instability --- Stability, Political --- Consensus (Social sciences) --- Legitimacy of governments --- Economics --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Political stability. --- Economic development --- Institutional economics


Book
Free trade under fire
Author:
ISBN: 0691203369 Year: 2020 Publisher: Princeton : Princeton University Press,

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Free trade is always under attack, more than ever in recent years. The imposition of numerous U.S. tariffs in 2018, and the retaliation those tariffs have drawn, has thrust trade issues to the top of the policy agenda. Critics contend that free trade brings economic pain, including plant closings and worker layoffs, and that trade agreements serve corporate interests, undercut domestic environmental regulations, and erode national sovereignty. Why are global trade and agreements such as the Trans-Pacific Partnership so controversial? Does free trade deserve its bad reputation? This book aside the misconceptions that run rampant in the debate over trade and gives readers a clear understanding of the issues involved. In its fifth edition, the book has been updated to address the sweeping new policy developments under the Trump administration and the latest research on the impact of trade.

Keywords

Free trade. --- Globalization. --- Protectionism. --- United States --- United States. --- Commercial policy. --- Adobe. --- Algorithmic trading. --- Anti-globalization movement. --- Balance of trade. --- Brookings Institution. --- Bureaucrat. --- Calculation. --- Comparative advantage. --- Competition. --- Competitiveness. --- Consumer. --- Consumption (economics). --- Currency. --- Developed country. --- Donald Trump. --- Dumping (pricing policy). --- Economic development. --- Economic growth. --- Economic integration. --- Economic interventionism. --- Economic policy. --- Economics. --- Economist. --- Economy of the United States. --- Economy. --- Employment. --- Exchange rate. --- Expense. --- Export subsidy. --- Export. --- Financial crisis of 2007–08. --- Financial crisis. --- Foreign direct investment. --- Foreign trade of the United States. --- General Agreement on Tariffs and Trade. --- Great Recession. --- Gross domestic product. --- Import "a. --- Import Duty. --- Import. --- Income. --- Industrial policy. --- Industry. --- Inflation. --- International Monetary Fund. --- International trade. --- Investment. --- Journal of International Economics. --- Legislation. --- Liberalization. --- Lobbying. --- Macroeconomics. --- Manufacturing. --- Market economy. --- Market price. --- National security. --- Net Exporter. --- Net Importer. --- North American Free Trade Agreement. --- Oxford University Press. --- Paul Krugman. --- Payment. --- Percentage point. --- Peterson Institute for International Economics. --- Policy. --- Politician. --- Price support. --- Princeton University Press. --- Product (business). --- Productivity. --- Ralph Nader. --- Real income. --- Recession. --- Regulation. --- Smoot–Hawley Tariff Act. --- Subsidy. --- Supply (economics). --- Tariff. --- Tax. --- Technology. --- The Wealth of Nations. --- Trade agreement. --- Trade barrier. --- Trade diversion. --- Trade restriction. --- Trade union. --- Trade war. --- Trans-Pacific Partnership. --- Unemployment. --- United States Department of Commerce. --- Wage. --- Welfare. --- World Bank. --- World Trade Organization. --- World War II. --- World economy. --- Free trade


Book
Economic Crisis and Policy Choice : The Politics of Adjustment in the Third World
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ISBN: 0691228159 Year: 1990 Publisher: Princeton, N.J. : Princeton University Press,

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The acute economic pressures of the 1980s have forced virtually all of Latin America and Africa and some countries in Asia into painful austerity programs and difficult economic reforms. Scholars have intensively analyzed the economics of this situation, but they have given much less attention to the political forces involved. In this volume a number of eminent contributors analyze the politics of adjustment in thirteen countries and nineteen governments, drawing comparisons not only across the full set of cases but also within clusters selected to clarify specific issues. Why do some governments respond promptly to signs of economic trouble, while others muddle indecisively for years? Why do some confine their response to temporary macroeconomic measures, while others adopt broader, even sweeping, programs of reform? What leads some countries to experiment with heterodox approaches, while most, however reluctantly, pursue orthodox courses? Why, confronted with intense political protest, have some governments persisted while others have altered or abandoned course? The answers to these questions are political, not economic, and they are examined here by Thomas M. Callaghy, Stephan Haggard, Miles Kahler, Robert R. Kauman, Joan M. Nelson, and Barbara Stallings.

Keywords

Business cycles --- Economic indicators --- Economic stabilization --- Developing countries. --- Developing countries Economic conditions Policies Of Government. --- Developing countries --- Economic policy --- Agriculture. --- Arrears. --- Auction. --- Austerity. --- Authoritarianism. --- Balance of trade. --- Budget. --- Business sector. --- Capital flight. --- Capitalism. --- Central bank. --- Centre-right politics. --- Commercial bank. --- Corruption. --- Costa Rica. --- Creditor. --- Cronyism. --- Currency. --- Current account. --- Debt crisis. --- Debt relief. --- Debt service. --- Debt. --- Democracy. --- Democratization. --- Devaluation. --- Developed country. --- Developing country. --- Economic growth. --- Economic interventionism. --- Economic liberalization. --- Economic policy. --- Economic problem. --- Economic recovery. --- Economics. --- Economist. --- Economy. --- Employment. --- Exchange rate. --- External debt. --- Financial crisis. --- Fiscal policy. --- Foreign direct investment. --- Free trade. --- Government budget balance. --- Implementation. --- Import Substitution Industrialization. --- Income. --- Industrialisation. --- Inflation. --- Informal sector. --- Institution. --- Interest rate. --- International Monetary Fund. --- Investor. --- Labour movement. --- Latin America. --- Layoff. --- Legislature. --- Liberalization. --- Macroeconomics. --- Market (economics). --- Monetary policy. --- Nationalization. --- Obstacle. --- Paris Club. --- Payment. --- Percentage. --- Policy. --- Political alliance. --- Political economy. --- Political science. --- Politician. --- Politics. --- Price controls. --- Private sector. --- Privatization. --- Public expenditure. --- Public sector. --- Recession. --- Resignation. --- Salary. --- Secondary sector of the economy. --- Shortage. --- Stabilization policy. --- State (polity). --- State-owned enterprise. --- Structural adjustment loan. --- Structural adjustment. --- Subsidy. --- Tariff. --- Tax reform. --- Tax. --- Trade credit. --- Trade union. --- Unemployment. --- Wage. --- World Bank Group. --- World Bank. --- Zambia.


Book
Taxing the rich : a history of fiscal fairness in the United States and Europe
Authors: --- ---
ISBN: 1400880378 Year: 2016 Publisher: Princeton, NJ : Princeton University Press,

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In today's social climate of acknowledged and growing inequality, why are there not greater efforts to tax the rich? In this wide-ranging and provocative book, Kenneth Scheve and David Stasavage ask when and why countries tax their wealthiest citizens-and their answers may surprise you.Taxing the Rich draws on unparalleled evidence from twenty countries over the last two centuries to provide the broadest and most in-depth history of progressive taxation available. Scheve and Stasavage explore the intellectual and political debates surrounding the taxation of the wealthy while also providing the most detailed examination to date of when taxes have been levied against the rich and when they haven't. Fairness in debates about taxing the rich has depended on different views of what it means to treat people as equals and whether taxing the rich advances or undermines this norm. Scheve and Stasavage argue that governments don't tax the rich just because inequality is high or rising-they do it when people believe that such taxes compensate for the state unfairly privileging the wealthy. Progressive taxation saw its heyday in the twentieth century, when compensatory arguments for taxing the rich focused on unequal sacrifice in mass warfare. Today, as technology gives rise to wars of more limited mobilization, such arguments are no longer persuasive.Taxing the Rich shows how the future of tax reform will depend on whether political and economic conditions allow for new compensatory arguments to be made.

Keywords

Imposte sul reddito --- Wealth --- Wealth --- Income tax --- Income tax --- Rich people --- Rich people --- History. --- History. --- History. --- History. --- Taxation --- History. --- Taxation --- History. --- Europa. --- USA. --- United States. --- Europe. --- Ability To Pay. --- At Best. --- Bond (finance). --- Capital levy. --- Conscription. --- Consideration. --- Consumption tax. --- Corporate tax. --- Debt. --- Direct tax. --- Economic efficiency. --- Economic growth. --- Economic inequality. --- Economic interventionism. --- Economic policy. --- Economics. --- Economist. --- Economy. --- Emmanuel Saez. --- Employment. --- Equality of outcome. --- Estate tax in the United States. --- Excise Tax. --- Expense. --- Finance. --- Financial crisis. --- Flat tax. --- Funding. --- Gift tax. --- Globalization. --- Government revenue. --- Gross domestic product. --- Incentive. --- Income distribution. --- Income tax in the United States. --- Income tax. --- Income. --- Indirect tax. --- Inflation. --- Inheritance tax. --- Institution. --- Jean Tirole. --- John Stuart Mill. --- Legislation. --- Legislature. --- Luxury goods. --- Mass mobilization. --- Middle class. --- Oligarchy. --- On War. --- Payroll tax. --- Pension. --- People's Budget. --- Percentage point. --- Percentage. --- Political economy. --- Political party. --- Political science. --- Political spectrum. --- Politics. --- Progressive tax. --- Property tax. --- Provision (accounting). --- Public finance. --- Quarterly Journal of Economics. --- Rates (tax). --- Redistribution of income and wealth. --- Sacrifice. --- Salary. --- Self-interest. --- Stanford University. --- Suffrage. --- Tariff. --- Tax Fairness. --- Tax Schedule. --- Tax deduction. --- Tax incidence. --- Tax law. --- Tax policy. --- Tax rate. --- Tax revenue. --- Tax. --- Taxation in the United Kingdom. --- Taxation in the United States. --- Taxpayer. --- Technology. --- Thomas Piketty. --- Total revenue. --- Universal suffrage. --- University of Amsterdam. --- War effort. --- War reparations. --- War. --- Warfare. --- Wealth tax. --- Wealth. --- Welfare state. --- Welfare. --- World War I. --- World War II.


Book
The economy of promises : trust, power, and credit in America
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ISBN: 0691236216 Year: 2022 Publisher: Princeton, N. J. : Princeton University Press,

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"Bruce Carruthers organizes his analysis around different types of credit, offering a roughly chronological discussion of each. The U.S. has always had an economy based on promises, but the manner in which questions about trust and trustworthiness have been posed and answered has evolved in important ways. Their evolution and expansion undergirded the rise of the modern credit economy, but it wasn't a smooth ride forward. Financial crises signalled the widespread collapse of promises, and a collective disbelief in their credibility. Frequently, these collapses motivated public and private attempts to build new institutional scaffolding in support of promises: the 1837 crisis prompted the development of credit ratings; the depression of the 1890s justified passage of a permanent bankruptcy law; the 1907 crisis led to the establishment of the Federal Reserve System; and the Great Depression led to a multitude of public policies in support of financial promises. At various points, political groups perceived the financial system to be deeply unfair, one that privileged some over others. During the 1880s and 1890s, agrarian groups and populists attacked a monetary and banking system that failed to give them adequate credit. During the 1960s and 1970s, women and minorities criticized a discriminatory financial system that denied them full access to consumer and mortgage credit. In The Economy of Promises, Carruthers describes the changes that have occurred, spell out their implications, and explain their significance"--

Keywords

Credit --- Trust --- History. --- Economic aspects. --- Asset. --- Bank charge. --- Bank. --- Bond (finance). --- Business model. --- Capital adequacy ratio. --- Capital employed. --- Capital expenditure. --- Capital intensity. --- Cash crop. --- Cash flow. --- Commerce Clause. --- Commercial Credit. --- Commodity market. --- Commodity. --- Competition (economics). --- Consumerism. --- Credit (finance). --- Credit Insurance. --- Credit risk. --- Creditor. --- Crony capitalism. --- Currency. --- Current Price. --- Debt limit. --- Debt. --- Debtor. --- Diversification (finance). --- Economic Life. --- Economic development. --- Economic forecasting. --- Economic indicator. --- Economic interventionism. --- Economic policy. --- Economic sector. --- Economics. --- Economy of the United States. --- Economy. --- Employment. --- Exchange rate. --- Fee Income. --- Financial capital. --- Financial inclusion. --- Financial institution. --- Financial instrument. --- Financial intermediary. --- Financial services. --- Financial statement. --- Financial technology. --- Financier. --- Floating interest rate. --- Gross (economics). --- Gross Earnings. --- Gross domestic product. --- Guaranteed Loan. --- Income. --- Inflation. --- Insider Lending. --- Interest rate. --- Investment fund. --- Investment strategy. --- Investor. --- Margin (finance). --- Mark-to-market accounting. --- Market liquidity. --- Market price. --- Market rate. --- Market value. --- Mass production. --- Measures of national income and output. --- Monetarism. --- Money market account. --- Money market. --- Mortgage loan. --- Net capital rule. --- Net income. --- Payment. --- Policy. --- Price index. --- Pricing. --- Prime rate. --- Public finance. --- Purchase Price. --- Purchasing power. --- Rate of profit. --- Rate of return. --- Real interest rate. --- Relative value (economics). --- Repayment. --- Revenue bond. --- Securitization. --- Shareholder. --- Subsidy. --- Supply-side economics. --- Tax bracket. --- Tax reform. --- Trade credit. --- Value (economics). --- Working capital. --- World economy.


Book
The Myth of Independence : How Congress Governs the Federal Reserve
Authors: ---
ISBN: 1400888565 Year: 2017 Publisher: Princeton, NJ : Princeton University Press,

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Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence traces the Fed's transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress's role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed's past, present, and future and challenge the myth of its independence.Binder and Spindel argue that recurring cycles of crisis, blame, and reform propelled lawmakers to create and revamp the powers and governance of the Fed at critical junctures, including the Panic of 1907, the Great Depression, the postwar Treasury-Fed Accord, the inflationary episode of the 1970s, and the recent financial crisis. Marshaling archival sources, interviews, and statistical analyses, the authors pinpoint political and economic dynamics that shaped interactions between the legislature and the Fed, and that have generated a far stronger central bank than anticipated at its founding. The Fed today retains its unique federal style, diluting the ability of lawmakers and the president to completely centralize control of monetary policy.In the long wake of the financial crisis, with economic prospects decidedly subpar, partisan rivals in Congress seem poised to continue battling over the Fed's statutory mandates and the powers given to achieve them. Examining the interdependent relationship between America's Congress and its central bank, The Myth of Independence presents critical insights about the future of monetary and fiscal policies that drive the nation's economy.

Keywords

United States. --- United States --- Politics and government. --- 1951 Accord. --- Accountability. --- Adobe. --- Amendment. --- Annual report. --- Appointee. --- Audit. --- Balance sheet. --- Bank Holding Company Act. --- Bank run. --- Bank. --- Behalf. --- Ben Bernanke. --- Board of directors. --- Board of governors. --- Bond market. --- Bureau of Labor Statistics. --- Cambridge University Press. --- Central bank. --- Chair of the Federal Reserve. --- Commercial bank. --- Consideration. --- Craig Torres. --- Creditor. --- Criticism. --- Currency. --- Debt. --- Deflation. --- Discount window. --- District Bank. --- Dodd–Frank Wall Street Reform and Consumer Protection Act. --- Dual mandate. --- Dummy variable (statistics). --- Economic growth. --- Economic interventionism. --- Economic policy. --- Economic power. --- Economic recovery. --- Economics. --- Economist. --- Economy of the United States. --- Economy. --- Employment. --- Expense. --- Federal Open Market Committee. --- Federal Reserve Bank. --- Federal Reserve Board of Governors. --- Financial crisis of 2007–08. --- Financial crisis. --- Financial services. --- Fiscal policy. --- Full employment. --- Governance. --- Government Accountability Office. --- Government Security. --- Government bond. --- Government debt. --- Great Recession. --- Ideology. --- Inflation targeting. --- Inflation. --- Institution. --- Interest rate. --- Investor. --- Legislation. --- Legislator. --- Legislature. --- Lehman Brothers. --- Lender of last resort. --- Monetary authority. --- Monetary policy. --- Money supply. --- Money. --- Open market operation. --- Policy. --- Politician. --- Politics. --- Provision (accounting). --- Provision (contracting). --- Quantitative easing. --- Recession. --- Republican Congress. --- Requirement. --- Reserve requirement. --- Slowdown. --- Southern Democrats. --- Stagflation. --- Statute. --- Stock market. --- Supply (economics). --- Tax. --- The New York Times. --- The Wall Street Journal. --- Tight Monetary Policy. --- Trade-off. --- Unemployment. --- United States Department of the Treasury. --- United States Treasury security. --- Voting. --- World War II.


Book
Thinking like an economist : how efficiency replaced equality in U.S. public policy
Author:
ISBN: 0691226601 Year: 2022 Publisher: Princeton University Press

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The story of how economic reasoning came to dominate Washington between the 1960s and 1980s--and why it continues to constrain progressive ambitions todayFor decades, Democratic politicians have frustrated progressives by tinkering around the margins of policy while shying away from truly ambitious change. What happened to bold political vision on the left, and what shrunk the very horizons of possibility? In Thinking Like an Economist, Elizabeth Popp Berman tells the story of how a distinctive way of thinking--an "economic style of reasoning"--became dominant in Washington between the 1960s and the 1980s and how it continues to dramatically narrow debates over public policy today.Introduced by liberal technocrats who hoped to improve government, this way of thinking was grounded in economics but also transformed law and policy. At its core was an economic understanding of efficiency, and its advocates often found themselves allied with Republicans and in conflict with liberal Democrats who argued for rights, equality, and limits on corporate power. By the Carter administration, economic reasoning had spread throughout government policy and laws affecting poverty, healthcare, antitrust, transportation, and the environment. Fearing waste and overspending, liberals reined in their ambitions for decades to come, even as Reagan and his Republican successors argued for economic efficiency only when it helped their own goals.A compelling account that illuminates what brought American politics to its current state, Thinking Like an Economist also offers critical lessons for the future. With the political left resurgent today, Democrats seem poised to break with the past--but doing so will require abandoning the shibboleth of economic efficiency and successfully advocating new ways of thinking about policy.

Keywords

Equality --- Policy sciences --- United States --- United States --- United States --- Economic policy. --- Social policy. --- Politics and government. --- Allocative efficiency. --- American Economic Association. --- American Enterprise Institute. --- Bureaucrat. --- Business ethics. --- Capitalism. --- Chicago school of economics. --- Comparative advantage. --- Competition (economics). --- Competition law. --- Consumerist. --- Consumption (economics). --- Cost accounting. --- Cost–benefit analysis. --- Council of Economic Advisers. --- Depression (economics). --- Diversification (finance). --- Ecological economics. --- Econometric model. --- Economic Policy Institute. --- Economic Theory (journal). --- Economic cost. --- Economic data. --- Economic development. --- Economic efficiency. --- Economic ideology. --- Economic impact analysis. --- Economic indicator. --- Economic interventionism. --- Economic law. --- Economic policy. --- Economic power. --- Economic recovery. --- Economic stability. --- Economic statistics. --- Economic surplus. --- Economics. --- Economist. --- Economy. --- Efficient-market hypothesis. --- Emissions trading. --- Environmental economics. --- Fiscal policy. --- Governance. --- Great Society. --- Income. --- Industry Group. --- Institutional economics. --- Institutional investor. --- Keynesian economics. --- Law and economics. --- Legislation. --- Liberalism. --- Macroeconomics. --- Marginal cost. --- Marginal utility. --- Market (economics). --- Market concentration. --- Market mechanism. --- Market power. --- Mathematical economics. --- Microeconomics. --- Monetarism. --- Monetary policy. --- National Bureau of Economic Research. --- Negative income tax. --- Neoclassical economics. --- Neoclassical synthesis. --- Neoliberalism. --- New Economic Policy. --- Office of Economic Opportunity. --- Opportunity cost. --- Output budgeting. --- Policy Network. --- Policy analysis. --- Policy. --- Political philosophy. --- Price controls. --- Price fixing. --- Price mechanism. --- Profit (economics). --- Progressivism. --- Purchasing power. --- Quantitative analyst. --- Rational choice theory. --- Reagan Era. --- Regulation. --- Regulatory capture. --- Regulatory reform. --- Ronald Coase. --- Social policy. --- Structuralist economics. --- Supply (economics). --- Tax. --- The Antitrust Paradox. --- The Journal of Law and Economics. --- Welfare economics. --- Welfare reform. --- Welfare. --- World economy.

Labor demand
Author:
ISBN: 0691025878 0691042543 0691222991 9780691042541 Year: 1996 Publisher: Princeton (N.J.): Princeton university press

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In this book Daniel Hamermesh provides the first comprehensive picture of the disparate field of labor demand. The author reviews both the static and dynamic theories of labor demand, and provides evaluative summaries of the available empirical research in these two subject areas. Moreover, he uses both theory and evidence to establish a generalized framework for analyzing the impact of policies such as minimum wages, payroll taxes, job- security measures, unemployment insurance, and others. Covering every aspect of labor demand, this book uses material from a wide range of countries.

Keywords

331.52 --- Labor demand --- Labor market --- Employees --- Market, Labor --- Supply and demand for labor --- Markets --- Demand, Labor --- Demand for labor --- 331.52 Arbeidsmarktstructuur. Vraag en aanbod op de arbeidsmarkt. Spreiding van arbeidsplaatsen. Spreiden van arbeidskrachten. Tewerkstellingsgraad --- Arbeidsmarktstructuur. Vraag en aanbod op de arbeidsmarkt. Spreiding van arbeidsplaatsen. Spreiden van arbeidskrachten. Tewerkstellingsgraad --- Supply and demand --- Labor demand. --- 331.526 --- 331.123 --- Levels of employment. Employment situation, conditions --- #A9402E --- 331.526 Levels of employment. Employment situation, conditions --- 332.630 --- 332.691 --- AA / International- internationaal --- Strijd tegen de werkloosheid: algemeen. Theorie en beleid van de werkgelegenheid. Volledige werkgelegenheid --- Evolutie van de arbeidsmarkt --- Labour market --- Labor market. --- Marché du travail --- Mercado de trabajo. --- Cobb–Douglas production function. --- Comparative advantage. --- Compensating differential. --- Contract curve. --- Cost curve. --- Demand For Labor. --- Demand response. --- Derived demand. --- Developed country. --- Developing country. --- Earnings. --- Economic cost. --- Economic efficiency. --- Economic forces. --- Economic interventionism. --- Economics. --- Efficiency wage. --- Efficiency. --- Elasticity of intertemporal substitution. --- Elasticity of substitution. --- Employment. --- Endogenous growth theory. --- Estimation. --- Excess supply. --- Externality. --- Factor cost. --- Factor price. --- Implicit cost. --- Income elasticity of demand. --- Indifference curve. --- Induced innovation. --- Inelastic. --- Inflation. --- Instrumental variable. --- Investment goods. --- Isoquant. --- Job security. --- John Haltiwanger. --- Labour supply. --- Law of demand. --- Layoff. --- Living wage. --- Long run and short run. --- Mandatory retirement. --- Manufacturing in the United States. --- Marginal cost. --- Marginal product. --- Marginal rate of substitution. --- Marginal rate of technical substitution. --- Maximum wage. --- Minimum wage. --- Monopsony. --- Neoclassical economics. --- Net Change. --- Net investment. --- New Keynesian economics. --- Oligopoly. --- Outsourcing. --- Partial equilibrium. --- Payroll tax. --- Phillips curve. --- Present value. --- Price Change. --- Price elasticity of demand. --- Price elasticity of supply. --- Production function. --- Productive efficiency. --- Productivity. --- Profit (economics). --- Profit maximization. --- Real business-cycle theory. --- Real versus nominal value (economics). --- Real wages. --- Recession. --- Reservation wage. --- Response Lag. --- Risk aversion. --- Scarcity. --- Shephard's lemma. --- Shortage. --- Stephen Nickell. --- Subsidy. --- Substitution effect. --- Supply (economics). --- Supply and demand. --- Supply shock. --- Tax incidence. --- Tax. --- Theory of the firm. --- Time preference. --- Total cost. --- Total factor productivity. --- Trade barrier. --- Unemployment in the United States. --- Unemployment. --- Utility. --- Utilization. --- Variable cost. --- Wage.

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