American Economics

The Great American Bank Robbery maps out in detail exactly how Washington social engineers and their accomplices reshaped banking regulations and housing policies and gutted time-tested underwriting standards that led to the worst financial calamity since the 1930s, one that has robbed American households of $14 trillion in net worth.

By providing historical context and a thorough yet easily accessible explanation of US financial markets, authors Norbert Michel and Jennifer Schulp provide a much-needed counterpoint to current debates and criticisms. "Financing Opportunity" not only busts many popular myths about financial markets but also proposes ways to improve how our financial markets function. With financial markets and American opportunity so closely tied, financial policy is vital to supporting growth, productivity, and prosperity.

Accountable examines present-day conditions and the consequences for America. At its core, this book is a tool with which the community can evaluate the successes or failures of its political leaders and of itself. This insightful book acknowledges the mistakes of the past while offering hope and inspiration for a better future.

Robber Barons and Wretched Refuse explores the connection between the so-called robber barons who led American big businesses during the Gilded Age and Progressive Era and the immigrants who composed many of their workforces.

Over the last four decades, debt, bankruptcy, and home foreclosures have risen to epidemic levels, and the personal savings rate has sunk dangerously low. Why, in the richest nation on Earth, can't Americans hold on to their money? First published in 2008, Stuart Vyse's Going Broke described the epidemic of personal debt that existed in the years leading up to the Great Recession and anticipated the home mortgage crisis that started it. Ten years later, this fully updated new edition tackles the post-recession era of economic recovery.

Private foundations have been the dynamo of social change since their invention at the beginning of the last century. Yet just over 10 percent of the public knows they even exist; and for those who are aware of them, as well as even those who seek grants from them, their internal workings remain a complete mystery

The American dream of equal opportunity is in peril. America's economic inequality is shocking, poverty threatens to become a heritable condition, and our healthcare system is crumbling despite ever increasing costs. In this thought-provoking book, Edward D. Kleinbard demonstrates how the failure to acknowledge the force of brute luck in our material lives exacerbates these crises leading to warped policy choices that impede genuine equality of opportunity for many Americans.

The Voucher Promise examines the Housing Choice Voucher Program, colloquially known as "Section 8", and how it shapes the lives of families living in a Baltimore neighborhood called Park Heights. Eva Rosen tells stories about the daily lives of homeowners, voucher holders, renters who receive no housing assistance, and the landlords who provide housing.

Thirty years ago, “greed is good” and “maximizing shareholder value” became the new mantras woven into the fabric of our business culture, economy, and politics. Although, around the world, free-market capitalism has lifted more than a billion people from poverty, in the US, most of the benefits of economic growth have been captured by the richest 10 percent, along with providing justification for squeezing workers, cheating customers, avoiding taxes, and leaving communities in the lurch. As a result, Americans are losing faith that a free-market economy is the best system.

The twelve-year period following the American civil war is referred to as “Reconstruction”. The term carries with it a lot of political and cultural baggage which is rarely understood outside of partisan criticism. All sides have legitimate claims to justice, morality, and historical accuracy. But until professor Dunning’s outstanding analysis, all discussion of the subject was focused on events in the former Confederate states. As Dunning was to demonstrate, Reconstruction was not just a regional political phenomenon…it extended to the entire nation.

Elegant, profound, and intoxicating—Spectral Evidence, Gregory Pardlo’s first major collection of poetry after winning the Pulitzer Prize for Digest, moves fluidly among considerations of the pro-wrestler Owen Hart; Tituba, the only Black woman to be accused of witchcraft during the Salem witch trials; MOVE, the movement and militant separatist group famous for its violent stand-offs with the Philadelphia Police Department (“flames rose like orchids . . . / blocks lay open like egg cartons”); and more.

In September of 2019, Luis Alberto Quiñonez—known as Sito— was shot to death as he sat in his car in the Mission District of San Francisco. He was nineteen. His killer, Julius Williams, was seventeen. It was the second time the teens had encountered one another. The first, five years before, also ended in tragedy, when Julius watched as his brother was stabbed to death by an acquaintance of Sito’s. The two murders merited a few local news stories, and then the rest of the world moved on. But for Laurence Ralph, Sito’s murder forced him to revisit the subject in a profoundly different way.

The American Dream is close to being replaced by a living nightmare. Key commodities that are essential to our daily lives and that are widely believed to be abundant are running critically short. Even worse, the Chinese are doing what they can to monopolize the world's dwindling resources. The U.S. is now largely dependent on our greatest economic rival for rare earth elements as well as a host of other minerals - all of which are absolutely essential to the development of alternative energies....

Compared to other industrialized nations, the United States is losing ground across nearly every indicator of social health. Its race problem, argues Eduardo Porter, is largely to blame. In American Poison, the New York Times veteran shows how racial animus has stunted the development of nearly every institution crucial for a healthy society, including organized labor, public education, and the social safety net. The consequences are profound and are only growing graver with time.

In his first book, American Underdog, David Brat examines how we brought down the status quo by tapping in to moral and economic lessons as old as our civilization and discusses how Washington can learn from history instead of ignoring it. A fighter for children, he illuminates how our current fiscal policies are selling their future and outlines new ways to move forward with a conservative agenda that provides fairer treatment for all.

Are we living the good life - and what defines good, anyway? Americans today are constructing a completely different framework for success than their parents' generation, using new metrics that TEDWomen speaker and columnist Courtney Martin has termed collectively the "New Better Off".

Just as the industrial capitalism of the 19th century gave way to corporate capitalism in the 20th, recent decades have witnessed corporate capitalism evolving into a new phase, which Ehrenreich calls "Third Wave Capitalism." Third Wave Capitalism is marked by apparent contradictions: Rapid growth in productivity and lagging wages; fabulous wealth for the one percent and the persistence of high levels of poverty; increases in the standard of living and increases in mental illness, and much more.

Author John F. Wasik tracks Lincoln from his time in the 1830s as a young Illinois state legislator pushing for internal improvements; through his work as a lawyer representing the Illinois Central Railroad in the 1840s; to his presidential fight for the Transcontinental Railroad; and his support of land-grant colleges that educated a nation. These brick-and-mortar developments were essential to how the nation could lift citizens above poverty and its isolating origins.

A best-selling historian's gripping account of the powerful men who controlled America's financial destiny. From the first days of the United States, a battle raged over money. On one side were the democrats, who wanted cheap money and feared the concentration of financial interests in the hands of a few. On the other were the capitalists who sought the soundness of a national bank and the profits that came with it.

America's middle class, the driver of so much of our economic success and political stability, is rapidly disappearing, forcing us to confront the fear that we are slipping as a nation - that our children and grandchildren will enjoy fewer opportunities and face a lower standard of living than we did. It's the dark flipside of the American Dream - an American Nightmare of our own making.