Political Finance

Behind every financial crisis lurks a "political bubble" - policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles - arising from a potent combination of beliefs, institutions, and interests - aid, abet, and amplify risk.

Marco Rubio's parents came to the United States in 1956. The country they found was truly a land of opportunity, where hardworking people with grade school educations could afford a home, a car, and college for their kids. A country where maids and bartenders could raise doctors, lawyers, small-business owners, and maybe even a US senator. That was the American Dream - our country's central promise to its people.

Hot subjects in business, politics (and much more) untangled with easy-to-understand prose and smart graphics, from the world's leading financial media company. This volume of Bloomberg QuickTake has a special section that focuses on how climate change is influencing where we live, how we invest, and even what clothes we buy. Other sections include Finance & Capital Markets; Trade; Global Governance; Urbanization; Inclusion; and Technology.

In today's economic and political climate, protecting yourself means asking the right questions. You can't ask the right questions if your mind's encumbered by what you think you may understand. Who's the man behind the curtain? What's this thing we call money? It's not what you think. We've burdened government with all our problems but do they have the capacity to solve them? Do we want them to? What's the difference between freedom "of" and freedom "from" and why's it important? Why is this one of the most important questions you can ask?

We hear it every day: government spending is out of control. Yet, despite all the rhetoric coming out of Washington about the need to cut spending, we continue to go deeper and deeper into debt. If we're serious about restoring America to fiscal health, we must do something about government spending, not just talk about it. So argues U.S. Senator Mike Lee in his new book, The Freedom Agenda.

In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead....

Dylan Ratigan is mad as hell. Infuriated by government corruption and corporate communism, incensed by banksters shaking down taxpayers, and despairing of an ailing health care system, an age-old dependency on foreign oil, and a failing educational system, Ratigan sees an America that has allowed itself to be swindled and robbed. In this book, his first, he rips the lid off our deeply crooked system—and offers a way out.

In Divested, Ken-Hou Lin and Megan Tobias Neely document how the ascendance of finance on Wall Street, Main Street, and among households is a fundamental cause of economic inequality. They argue that finance has reshaped the economy in three important ways. First, the financial sector extracts resources from the economy at large without providing commensurate economic benefits to those outside the financial services industry.

Bit by Bit: How P2P Is Freeing the World argues that today's emergent technology is about more than new and cool toys. Jeffrey Tucker, CLO of Liberty.me and Distinguished Fellow of the Foundation for Economic Education, argues that peer-to-peer technology is forging a new and brighter social, economic, and political order.

Despite being the planet’s apex predator we are secretly fearful that terrible things will happen. Our anticipation of the 21st century was delicious, but our mood is desperate looking to the 22nd. Will our climate and democratic freedoms survive? Why do authoritarian populists prevail? What has gone wrong with modern life, and how can we fix these problems? With subtle humor, here is a lucid and engaging framework for understanding why we are the problem, and how economics can help us to solve it.

Edited by Samuel H. Beer, with key selections from Capital and "The Eighteenth Brumaire of Louis Bonaparte", this volume features an especially helpful introduction that serves as a guide to Marxist political and economic theory and to placing the specific writings in their contemporary setting. Included are a bibliography and list of important dates in the life of Karl Marx.

Meet the essential Bernie Sanders, an authentic and uncompromising champion of the people. Independent United States Senator Bernie Sanders, who has a 35-year career in public service, first as Burlington, Vermont's mayor then as Vermont's sole representative to Congress, and currently as a United States senator, is now campaigning to become president of the United States.

Vivimos acorralados por los precios y a veces no entendemos el porqué de los aumentos. Augusto Costa, exsecretario de Comercio de la nación, explica por qué las cosas valen lo que valen, cómo influyen los formadores de precio y qué puede hacer un Estado para controlar «la mano invisible del mercado».

Since the early days of the American republic, political thinkers have maintained that a grossly unequal division of property, wealth, and power would lead to the erosion of democratic life. Yet over the past thirty-five years, neoconservatives and neoliberals alike have redrawn the tenets of American liberalism. Nowhere is this more evident than in our current mainstream political discourse, in which the politics of economic inequality are rarely discussed.

In this groundbreaking treatise, best-selling author and economist Ravi Batra identifies the roadblocks to world economic prosperity and what we need to do to overcome them. Batra takes on falling minimum wages, corporate scandals, rocketing oil prices, and many of the other crises facing the world economy. He offers an expansive, optimistic vision of how the international community can address them and bring about something historically unprecedented: true global economic prosperity.

Charles H. Ferguson, who electrified the world with his Oscar-winning documentary Inside Job, now explains how a predator elite took over the country, step by step, and he exposes the networks of academic, financial, and political influence, in all recent administrations, that prepared the predators' path to conquest. Over the last several decades, the United States has undergone one of the most radical social and economic transformations in its history.

Buying the Vote analyzes the rise and decline of campaign finance reform by tracking the evolution of both the ways in which presidential campaigns have been funded since the late nineteenth century. Through close examinations of major Supreme Court decisions, Mutch shows how the Court has fashioned a new and profoundly inegalitarian definition of American democracy.

Where fresh water appears to be abundant and generally accessible, chronic pollution may be relatively ignored as a public issue. Yet there are those whose lives, livelihoods, and traditions are touched directly by the destructive albeit essential relationship between humans and water.

When the Bush Administration invaded Iraq in 2003, it was promised that Iraqi Kurdistan would be developed into one of the most productive oil and natural gas regions in the world, and the profits would be used to win the war and rebuild the country. More than ten years later, those dreams lie in tatters. What happened to the oil wealth?

A new movement is afoot that promises to save the world by applying the magic of the market to the challenges of social change. Its supporters argue that using business principles to solve global problems is far more effective than more traditional approaches. What could be wrong with that? Almost everything, argues former Ford Foundation director Michael Edwards. In this hard-hitting, controversial exposé, he marshals a wealth of evidence to reveal that in reality, a market approach hurts more than it helps.