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FREE-MARKET ECONOMIC PHILOSOPHY -- 338.98 --- WEALTH -- 338.98 --- USA -- 338.98 --- FINANCIAL CRISES -- 338.98 --- POLITICS AND GOVERNMENT -- 338.98 --- 20TH - 21ST CENTURY -- 338.98 --- INEQUITY -- 339.1 --- INSTABILITY -- 339.1 --- FREE-MARKET ECONOMIC PHILOSOPHY -- 339.1 --- USA -- 339.1 --- FINANCIAL CRISES -- 339.1 --- POLITICS AND GOVERNMENT -- 339.1 --- 20TH - 21ST CENTURY -- 339.1 --- INSTABILITY -- 338.98 --- WEALTH -- 339.1 --- Wealth --- Moral and ethical aspects --- Financial crises --- United States --- History --- Politics and government --- 20th century --- 21st century

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Every day, in every sector of our economy, a business shuts down while another starts up, jobs are created while others are cut, and workers are hired while others are laid off. This constant flux, or turbulence, is a defining characteristic of our free market system, yet it mostly inspires angst about unemployment, loss of earnings, and the overall competitiveness of corporations. But is this endless cycle of fluctuation really so bad for America? Might something positive be going on in the economy as a result of it? In this penetrating work, three esteemed economists seek to answer these questions by exploring the real impact of volatility on American workers and businesses alike. According to the authors, while any number of events--shifts in consumer demand, changes in technology, mergers and acquisitions, or increased competition--can contribute to economic turbulence, our economy as a whole is, by and large, stronger for it, because these processes of creation and destruction make it more flexible and adaptable. The authors also acknowledge and document the adverse consequences of this turbulence on different groups of workers and firms and discuss the resulting policy challenges. Basing their argument on an up-close look into the dealings and practices of five key industries-financial services, retail food services, trucking, semiconductors, and software-the authors demonstrate the positive effects of turbulence on career paths, employee earnings, and firm performance. The first substantial attempt to disentangle and make clear the complexities of this phenomenon in the United States, Economic Turbulence will be viewed as a major achievement and the centerpiece of any discussion on the subject for years to come.

Business cycles --- Statics and dynamics (Social sciences) --- Dynamics and statics (Social sciences) --- Equilibrium (Social sciences) --- Economics --- Social evolution --- Social sciences --- Sociology --- E-books --- economy, economics, united states of america, american society, usa, jobs, labor, workers, turbulence, free market, corporations, volatility, businesses, consumer demand, technology, mergers, acquisitions, competition, policy challenges, financial services, retail food, trucking, semiconductors, software, social sciences, career paths, firms.

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In the long view, recent grain price volatility is not anomalous. Wheat, rice, and maize are highly substitutable in the global market for calories, and when aggregate stocks decline to minimal feasible levels, prices become highly sensitive to small shocks, consistent with storage models. In this decade, stocks have declined due to high income growth and biofuels mandates. Recently, shocks including the Australian drought and biofuels demand boosts due to the oil price spike were exacerbated by a sequence of trade restrictions by key exporters beginning in the thin global rice market in the fall of 2007, which turned market anxiety into panic. To protect vulnerable consumers, countries intervened in storage markets and, if they were exporters, to limit trade access. Recognizing these realities, vulnerable countries are building strategic reserves. The associated expense and negative incentive effects can be controlled if reserves have quantitative targets related to the consumption needs of the most vulnerable, with distribution to the latter only in severe emergencies. More-ambitious plans manipulate world prices via buffer stocks or naked short speculation to keep prices consistent with fundamentals. Past interventions of either kind have been expensive, ineffective, and generally short-lived. Further, there is no significant evidence that prices do not reflect fundamentals, including export market access.

Access to Markets --- Commodity price --- Commodity prices --- Cost increases --- Domestic market --- Export market --- Free market --- International Economics & Trade --- International trade --- Macroeconomics and Economic Growth --- Market access --- Market price --- Market prices --- Market volatility --- Marketing --- Markets and Market Access --- Petroleum prices --- Price changes --- Price fluctuations --- Price increases --- Price risk --- Price volatility --- Stocks --- Volatility

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Thomas Piketty--whose Capital in the Twenty-First Century pushed inequality to the forefront of public debate--wrote The Economics of Inequality as an introduction to the conceptual and factual background necessary for interpreting changes in economic inequality over time. This concise text has established itself as an indispensable guide for students and general readers in France, where it has been regularly updated and revised. Translated by Arthur Goldhammer, The Economics of Inequality now appears in English for the first time.Piketty begins by explaining how inequality evolves and how economists measure it. In subsequent chapters, he explores variances in income and ownership of capital and the variety of policies used to reduce these gaps. Along the way, with characteristic clarity and precision, he introduces key ideas about the relationship between labor and capital, the effects of different systems of taxation, the distinction between "historical" and "political" time, the impact of education and technological change, the nature of capital markets, the role of unions, and apparent tensions between the pursuit of efficiency and the pursuit of fairness.Succinct, accessible, and authoritative, this is the ideal place to start for those who want to understand the fundamental issues at the heart of one of the most pressing concerns in contemporary economics and politics.Bron: www.standaardboekhandel.be

politique economique --- economisch beleid --- National wealth --- Equality --- Income distribution. --- Inkomstfördelning. --- Jämlikhet --- Ungleichheit. --- Vermögensverteilung. --- Verteilungsgerechtigkeit. --- Economic aspects. --- Ekonomiska aspekter. --- Economie --- Sociale ongelijkheid --- Inkomensongelijkheid --- Inkomensverdeling --- Economische theorie --- Economisch beleid --- Ongelijkheid --- Welvaart --- Armoede --- capital labor split. --- elasticity substitution. --- free market economy. --- human capital. --- income tax. --- inflation. --- insurance. --- marginal rates. --- minimum wage. --- price system. --- private property. --- purchasing power. --- redistribution wealth. --- social justice. --- standard living. --- supply demand. --- unemployment. --- wage inequality.

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The rise of right-wing broadcasting during the Cold War has been mostly forgotten today. But in the 1950s and '60s you could turn on your radio any time of the day and listen to diatribes against communism, civil rights, the United Nations, fluoridation, federal income tax, Social Security, or JFK, as well as hosannas praising Barry Goldwater and Jesus Christ. Half a century before the rise of Rush Limbaugh and Glenn Beck, these broadcasters bucked the FCC's public interest mandate and created an alternate universe of right-wing political coverage, anticommunist sermons, and pro-business bluster. A lively look back at this formative era, What's Fair on the Air? charts the rise and fall of four of the most prominent right-wing broadcasters: H. L. Hunt, Dan Smoot, Carl McIntire, and Billy James Hargis. By the 1970s, all four had been hamstrung by the Internal Revenue Service, the FCC's Fairness Doctrine, and the rise of a more effective conservative movement. But before losing their battle for the airwaves, Heather Hendershot reveals, they purveyed ideological notions that would eventually triumph, creating a potent brew of religion, politics, and dedication to free-market economics that paved the way for the rise of Ronald Reagan, the Moral Majority, Fox News, and the Tea Party.

Right-wing extremists --- Radio in politics --- Mass media and propaganda --- Hunt, H. L. --- Hargis, Billy James, --- Smoot, Dan. --- McIntire, Carl, --- cold war, right wing, radio, news, broadcasting, public interest, communism, civil rights, united nations, fluoridation, political parties, income tax, social security, jfk, barry goldwater, jesus, religion, conservatism, hl hunt, dan smoot, republicans, carl mcintire, billy james hargis, fairness doctrine, fcc, irs, free market, ideology, talk show, hosts, mass media, propaganda, evangelism, extremism, business, reagan, moral majority, fox, tea party, nonfiction, journalism, politics, fundamentalism.