Economic Theory

The Last Days of New York: A reporter’s true tale tells the story of how a corrupted political system hollowed out New York City, leaving it especially vulnerable, all in the name of equity and “fairness”. When, in the future, people ask how New York City fell to pieces, they can be told - quoting Hemingway - “gradually, then suddenly”. New Yorkers awoke from a slumber of ease and prosperity to discover that their glorious city was not only unprepared for crisis, but that the underpinnings of its fortune had been gutted by the reckless mismanagement of Bill de Blasio.

The principle of profitability is an accounting principle that states that revenues and expenses should be recognized in the period in which they are earned or incurred, rather than when the cash flows occur. This principle helps accurately reflect the financial performance of a business over a specific period.

Those looking for options trading advice are usually either reasonably new to the options market or are experienced traders having some difficulty with their current trades and are hoping for an answer. If you are among the first category, you are probably looking for some advice about how to start options trading, what risks are involved and how to avoid them, how to trade safely, and still make consistent profits. If you are among the second category, there are ways to save or at least salvage, losing trades, but this discussion must be left for other pages on this site.

Transcending Capitalism explains why many influential mid-century American social theorists came to believe it was no longer meaningful to describe modern Western society as "capitalist", but instead preferred alternatives such as "postcapitalist" society, "postindustrial" society, or the "technological" society.

This book examines one of the most important economic outcomes in American history - the breakdown of the Keynesian Revolution. Drawing on economic literature, the memoirs of economists and politicians, and the popular press, Eric Crouse examines how economic decline in the 1970s precipitated a political revolution. Keynesian thought flourished through the presidencies of Lyndon B. Johnson, Richard Nixon, and Gerald Ford, until stagflation devastated American workers and Jimmy Carter’s economic policies faltered, setting the stage for the 1980 presidential campaign.

From the inquisitive layperson to the professional economist or policymaker, The Inequality Paradox is essential listening for understanding the global economy in its present state. McWilliams is a fresh, authoritative voice entering the global discussion, making this book indispensable in preparing for the imminent economic challenges of our changing world.

Wir leben in einem parasitären System. Darin ist die schnelle Mitnahme von Gewinn, Shareholderdividenden und Bankerboni attraktiver als das Schaffen von Wert, als der produktive Prozess, der eine gesunde Wirtschaft und Gesellschaft antreibt. Wir verwechseln die Schöpfer mit den Abschöpfern und haben den Blick dafür verloren, was wirklich Wohlstand schafft.

During the harshest year of the Great Depression, Lorena Hickok, a top woman news reporter of the day and intimate friend of Eleanor Roosevelt, was hired by FDR’s right-hand man Harry Hopkins to embark upon a grueling journey to the hardest-hit areas of the country to report back on the degree of devastation. Distinguished historian Michael Golay draws on a trove of original sources - including the moving, remarkably intimate, almost daily letters between Hickok and Eleanor Roosevelt - as he re-creates that extraordinary journey.

Was sind heute die großen Ideen? Historischer Fortschritt basierte fast immer auf utopischen Ideen: Noch vor 100 Jahren hätte niemand für möglich gehalten, dass die Sklaverei abgeschafft oder die Demokratie wirklich existieren würde. Doch wie begegnen wir den Herausforderungen der modernen Arbeitswelt, des Familienlebens, des gesamten globalen Gefüges? Der niederländische Vordenker Rutger Bregman sagt: "Das wahre Problem unserer Zeit ist nicht, dass es uns nicht gut ginge oder dass es uns in Zukunft schlechter gehen könnte.

Do we have to choose between equality and prosperity? Many think that reducing economic inequality would require such heavy-handed interference with market forces that it would stifle economic growth. Heather Boushey insists nothing could be further from the truth. Presenting cutting-edge economics with journalistic verve, she shows how rising inequality has become a drag on growth and an impediment to a competitive United States marketplace for employers and employees alike.

In responding to the financial crash of 2008, both the Bush administration and the Obama administration have relied on prescriptions developed by John Maynard Keynes, the most important economist since Marx. But should we be relying on Keynes? What did Keynes actually say? Did he make his case? Hunter Lewis concludes that he did not. If Keynes was wrong then so are the economic policies of virtually all world governments today.

Beginning in January 2009, The Payoff lays bare Washington’s culture of power and plutocracy. It’s the story of the 20-month struggle by Senator Ted Kaufman and Jeff Connaughton, his chief of staff, to hold Wall Street executives accountable for securities fraud, stop stock manipulation by high-frequency traders, and break up too-big-to-fail megabanks. This book takes us inside their dogged crusade against institutional inertia and industry influence as they encounter an outright reluctance.

A century ago, the idea of 'the economy' didn't exist. Now economics is the supreme ideology of our time, with its own rules and language. The trouble is most of us can't speak it. This is damaging democracy. Dangerous agendas are hidden inside mathematical wrappers; controversial policies are presented as 'proven' by the models of economic 'science'. Government is being turned over to a publicly unaccountable technocratic elite. The Econocracy reveals that economics is too important to be left to the economists

With the fall of the Berlin Wall, one economic model emerged triumphant. Capitalism - spanning a spectrum from laissez-faire to authoritarian - shapes the market economies of all the wealthiest and fastest-growing nations. The trouble is cracking its shiny veneer. In the US, economic growth is no longer matched by economic development. Wealth is concentrated in the hands of a few, natural resources are exploited for short-term profits, and good jobs are hard to find.

Ben Price reveals that our constitution and legal system were intentionally designed to give more rights to the wealthy propertied class than the rest of us, and exposes how this hamstrings our ability to effectively address a host of pressing social and environmental problems - and what we can do about it. Many of today’s most serious issues - homelessness, gun violence, fracking, prison privatization, predatory lending, and many more - resist resolution because the “rights of property” undermine the rights of people.

From the American Revolution through the Civil Rights movement, Americans have long mobilized against political, social, and economic privilege. Hierarchies based on inheritance, wealth, and political preferment were treated as obnoxious and a threat to democracy. Mass movements envisioned a new world supplanting dog-eat-dog capitalism. But over the last half-century that political will and cultural imagination have vanished. Why? The Age of Acquiescence seeks to solve that mystery.

Political Realignment tracks the evolution of citizen and elite opinions on economic and cultural issues from the 1970s to the 2010s - and the impact of these changes on electoral politics and public policy. Citizen positions on these cleavages have realigned over time, producing a similar realignment in the structure of the party systems to represent these demands. Economic issues remain important, now joined by divisions on cultural issues as a backlash to modernization. Assembling a time series of empirical evidence, this study explains the new forces of elector change in both Europe and the United States.

For the past few decades, the financial world has often displayed an unreasonable willingness to believe that "the model is right, the market is wrong," in spite of the fact that these theoretical machinations were largely responsible for the stock market crash of 1987, the LTCM crisis of 1998, the credit crisis of 2008, and many other blow-ups, large and small.

The 20th century witnessed the triumph of democratic capitalism in the industrialized West, with widespread popular support for both free markets and representative elections. Today, that political consensus appears to be breaking down, disrupted by polarization and income inequality, widespread dissatisfaction with democratic institutions, and insurgent populism. Tracing the history of democratic capitalism over the past two centuries, Carles Boix explains how we got here - and where we could be headed.

Ends makes a compelling case that demonstrates how, over centuries, our changing relationship with death has led to the loss of our relationship with endings. This has given rise to guilt-free consumers, an overly blamed business sector, and a society that finds itself at a loss when it needs to grapple with responsibility.