Public Economics

The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate.

The governments and central banks of the developed world have tried every policy tool imaginable, yet our economies remain sluggish, or worse. How did we get here, and how can we emerge from the longest downturn in recent memory? Daniel Alpert, a progressive Wall Street banker and economist, argues that we are living in the age of oversupply.

For decades, the Republican Party has been known as the party of the rich: arguing for “business-friendly” policies like deregulation and tax cuts. But this incisive political history shows that the current inequality crisis was also enabled by a Democratic Party that catered to the affluent. The result is one of the great missed opportunities in political history: a moment when we had the chance to change the lives of future generations and were too short-sighted to take it.

Millionen Menschen haben ihren Job verloren. Doch der Aktienmarkt boomt. Hunderttausende Mittelständler sind in finanzielle Not geraten. Doch der DAX erreicht Rekordwerte. In unserem Wirtschaftssystem läuft etwas gewaltig schief - und es wird noch schlimmer kommen, wenn wir nicht endlich den Hebel umlegen. Norbert Häring zeigt, wie einflussreiche Unternehmen die Corona-Krise nutzen, um ihre Macht zu zementieren und eine lang geplante Agenda zur digitalen Kontrolle umsetzen. Zeit für ein neues System, das allen dient, nicht einer kleinen Elite.

The growing movement for universal basic income (UBI) has been gaining attention from politics and the media with the audacious idea of a regular, unconditional cash grant for everyone as a right of citizenship. This volume in the Essential Knowledge series presents the first short, solid UBI introduction that is neither academic nor polemic. It takes a position in favor of UBI, but its primary goal remains the provision of essential knowledge by answering the fundamental questions about it: What is UBI? How does it work? What are the arguments for and against it? What is the evidence?

An eye-opening account of the failures of our financial system, the sources of its staying power, and the path to meaningful economic reform.

When an epidemic outbreak occurs, the most physical and financial harm historically falls upon the people who can least afford it: the economically and socially marginalized. Where people live and work, how they commute and socialize, and more have a huge impact on the risks we bear during an outbreak. In The Rich Flee and the Poor Take the Bus, economist Troy Tassier examines examples ranging from the 430 BCE plague of Athens to the COVID-19 pandemic to demonstrate why marginalized groups bear the largest burden of epidemic costs-and how to avoid these systemic failures in the future.

"Dass ich den Dieselmotor erfunden habe, ist schön und gut. Aber meine Hauptleistung ist, dass ich die soziale Frage gelöst habe." Jeder kennt Rudolf Diesel (1858 - 1913) als Erfinder des gleichnamigen Motors. Doch weit wenigeren ist bekannt, dass er im Jahre 1903 mit seinem Werk "Der Solidarismus" das Bild einer neuen Wirtschafts- und Gesellschaftsordnung entwarf, das Konzepte wie Grundeinkommen und Crowdfunding praktisch einhundert Jahre vorwegnahm!

In America’s early days, most immigrants entered America through New York. For many, New York was synonymous with America and the American dream itself - a beacon of hope for the rest of the world. Now, for the first time ever, people are fleeing New York by the millions. Thanks to the policies of Andrew Cuomo and Bill de Blasio, the glory days of the Empire State and the Big Apple are long behind them, and this book examines why.

A vividly written and timely polemic tackling the burning injustices shaping British society today, Fortress London argues that to address Britain’s manifold problems, we need first to end the hegemony of its capital. Enriched by a vast array of interviews and statistics, it will examine how our individual destinies, from childhood to death, are determined by the disproportionate power of London.

In State Capitalism, Joshua Kurlantzick ranges across the world - China, Thailand, Brazil, Russia, South Africa, Turkey, and more - and argues that the increase in state capitalism across the globe has, on balance, contributed to a decline in democracy. He isolates some of the reasons for state capitalism's resurgence: the fact that globalization favors economies of scale in the most critical industries and the widespread rejection of the Washington Consensus in the face of the problems that have plagued the world economy in recent years.

While some semblance of stability has returned to the financial markets, the economies on which these markets must ultimately depend remain structurally weak, and the path toward sustained growth will be difficult. In order to set the economy on a sounder path, we need to understand the sources of instability that caused the failure of the financial system, rethink established ideas, and challenge the intellectual and moral authority of the institutions that control the world's capital.

In recent years, small Greece, often associated with ancient philosophers and marble ruins, whitewashed villages and cerulean seas, has been at the center of a debt crisis that has sown economic and social ruin, spurred panic in international markets, and tested Europe's decades-old project of forging a closer union. In The Full Catastrophe, James Angelos makes sense of the contrasting images of Greece, a nation both romanticized for its classical past and castigated for its dysfunctional present.

Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the aisle rant and the citizenry fumes, the more things seem to remain the same. White House Burning looks squarely at the burgeoning national debt and proposes to defuse its threat to our well-being without forcing struggling middle-class families and the elderly into poverty.

According to Unintended Consequences, the conventional wisdom masks the real causes of our economic disruption and puts us at risk of a slew of unintended—and potentially dangerous—consequences. It’s a fascinating and contrarian case for how the economy really works, what went wrong over the past decade, and what steps we can take to start growing again.

Critically acclaimed author Clyde Prestowitz reveals the shocking extent of the deterioration of American economic strength that has put the United States on the brink of irreversibly losing our supremacy on the world stage and our prosperity at home. While the financial crisis has been a devastating blow, he shows that the wreckage of our economic might started much earlier.

Nicholas Stern, former chief economist of the World Bank, was asked by the British government to direct the largest study ever conducted into the reality of global warming and the possible ways of remedying it. Backed by full government resources, Stern answers the most urgent questions of our time: what will be the cost of global warming - and what can we do about it?

AlterNet editor Joshua Holland demolishes the Right's biggest and most outrageous myths about the economy. Taxes kill growth. Labor unions hurt their members. Government regulation destroys jobs. These are just a few of the biggest lies in the web of misinformation spun by conservatives and the chamber of commerce. Holland's book dissects each malicious fiction to show how the Right is just plain wrong on the economy, wrong on jobs, wrong on the deficit, wrong on taxes, wrong on trade.

Perhaps nothing is more unfair in America than the vast chasm between the haves and the have-nots. Tax policy, as practiced in the US, consists basically of tinkering around the edges. It concludes and argues that only a small tax on wealth is fair and how elimination of all other taxes and fees will result in a more perfect free-market economy, elimination of government's borrowing at the expense of future generations, and a society more like the ideals expressed in the Declaration of Independence. It also discusses what it will take to bring about such a taxation revolution.

È giunto il momento di smontare uno dei luoghi comuni più duraturo della storia repubblicana, ovvero quello secondo il quale il fascismo è morto e sepolto da fine aprile 1945. Già nel secondo dopoguerra, infatti, la dottrina della continuità dello Stato riportò ai vertici di prefetture e polizia personaggi di schietta fede fascista. Poi si è permessa la ricostituzione di un partito fascista come il Movimento sociale italiano che, tra manganello e doppiopetto, ha avuto un ruolo negli scontri di piazza e ha contribuito perfino all’elezione di presidenti della Repubblica (da Antonio Segni a Giovanni Leone).