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A History of the Federal Reserve, Vol. 1: 1913-1951
Allan H. Meltzer Manufacturer: University Of Chicago Press ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0226519996 |
Book Description
Customer Reviews:
Not for the layman.......2003-12-12
The weaknesses of Meltzer's book stem from his massive archive of information and the strength of his predecessors. The sheer volume of information he is trying to convey prompts the narrative to drift and the reader sometimes loses the point. And, as a good academic historian, he is engaged in a dialogue with other historians of the Fed and monetary policy that can push the layman to the sidelines. Meltzer's history assumes the reader has a rather advanced knowledge of economics and finance such as an understanding of the real bills doctrine and the operation of an international gold standard. Also, the charts and tables are often not very helpful in understanding the text or at least could have been presented in a better manner.
Overall, Meltzer does not produce any stunning revelations but a great many correctives to previous accounts and much added detail. The novice to the history of US monetary policy would do better to read Richard Timberlake's book (though taken with a grain of salt because of its conservative leanings) or the classic work by Milton Friedman and Anna Schwartz.
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Heaven's Door: Immigration Policy and the American Economy
George J. Borjas Manufacturer: Princeton University Press ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0691088969 |
Amazon.com
Many political activists will quickly label Heaven's Door, by Harvard economist George Borjas, a vicious attack on America's generous immigration policy. They will have a point: Borjas believes the current level and composition of immigration to the United States does not advance--and arguably harms--American economic and national interests. But they will also miss a very careful argument that neatly places Borjas between the extremes of open-borders advocates and full-scale restrictionists. Borjas, himself an immigrant from Cuba, would cut admissions by about one-third and radically redesign the way in which people gain entry, changing the present system from emphasizing family ties to favoring skills. He bases this reasoning on a series of observations, which he examines in great detail: immigrant earnings lag behind native earnings, there is a clear (and troubling) link between national origin and economic performance, immigration hurts the economic opportunities of poor Americans, and so on. Some readers will think Borjas accentuates the negative; in describing how immigrant skill levels have declined relative to natives, for instance, he downplays the fact that they have risen in an absolute sense. Yet this is an uncommonly clear-headed book on a subject that rouses fiery passions. A country that still considers itself a "nation of immigrants"--and wants to remain one--can't afford to ignore it. --John J. MillerBook Description
The U.S. took in more than a million immigrants per year in the late 1990s, more than at any other time in history. For humanitarian and many other reasons, this may be good news. But as George Borjas shows in Heaven's Door, it's decidedly mixed news for the American economy--and positively bad news for the country's poorest citizens. Widely regarded as the country's leading immigration economist, Borjas presents the most comprehensive, accessible, and up-to-date account yet of the economic impact of recent immigration on America. He reveals that the benefits of immigration have been greatly exaggerated and that, if we allow immigration to continue unabated and unmodified, we are supporting an astonishing transfer of wealth from the poorest people in the country, who are disproportionately minorities, to the richest.
In the course of the book, Borjas carefully analyzes immigrants' skills, national origins, welfare use, economic mobility, and impact on the labor market, and he makes groundbreaking use of new data to trace current trends in ethnic segregation. He also evaluates the implications of the evidence for the type of immigration policy the that U.S. should pursue. Some of his findings are dramatic:
Despite estimates that range into hundreds of billions of dollars, net annual gains from immigration are only about $8 billion.
In dragging down wages, immigration currently shifts about $160 billion per year from workers to employers and users of immigrants' services.
Immigrants today are less skilled than their predecessors, more likely to re-quire public assistance, and far more likely to have children who remain in poor, segregated communities.
Borjas considers the moral arguments against restricting immigration and writes eloquently about his own past as an immigrant from Cuba. But he concludes that in the current economic climate--which is less conducive to mass immigration of unskilled labor than past eras--it would be fair and wise to return immigration to the levels of the 1970s (roughly 500,000 per year) and institute policies to favor more skilled immigrants.
Customer Reviews:
Good book.......2007-04-03
Biased Analysis.......2006-01-02
A cuban who doesn't like mexicans.......2004-01-15
Borjas's $8-10 billion estimate does not take into account the present value of a higher expected GDP growth rate due to faster capital accumulation. Elementary college economics.
Welfare and assistance costs apply more to legal immigrants or 2nd generation immigrants (including cubans) than illegal ones. Last I heard you need a Social Security number to apply for govmnt assistance.
In any case I am a strong believer in free markets and I think the market should decide who comes here who doesn't.
Ethnicity, education etc are arbitrary criteria and they just reflect Borjas's psychology and prejudices.
What people really want is $$$ and jobs, we want here whomever is going to make everybody rich, create wealth, create jobs, pay taxes, help us kick China's arse and fight terrorists. We don't necessarily need more Harvard economic professors.
And we shouldn't care if those people come from Mexico or from Mars, I personally don't ...
Required reading for study of modern immigration debate........2000-03-29
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The Unidad Popular and the Pinochet Dictatorship: A Political Economy Analysis
Patricio Meller Manufacturer: Palgrave Macmillan ProductGroup: Book Binding: Hardcover ASIN: 0333800532 |
Book Description
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Government And Business: American Political Economy in Comparative Perspective
Richard Lehne Manufacturer: CQ Press ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 1933116056 |
Book Description
What influence does business have on government? How much should government regulate and intervene with business? To evaluate the nexus of the two, Richard Lehne explores how government and business each rely on the effective performance of the other to meet their goals. Government depends on business to create jobs, generate revenue, promote innovation, and provide goods and services; business needs government to provide specific opportunities for firms and industries and to maintain conditions in which economic activity can flourish.
Taking a decidedly comparative approach, Lehne evaluates the similarities and differences between the U.S. political economy and those of Great Britain, Germany, Japan, and the European Union. After providing rich historical context, he probes some of the most crucial dilemmas facing government and business today--including whether economic globalization threatens national sovereignty; the place of public opinion, unions, and other advocacy groups in government-business relations; and the best way to improve the international trade system.
Important new coverage includes:
Customer Reviews:
Encompassing and insightful read.......2002-01-08
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Pocketbook Politics: Economic Citizenship in Twentieth-Century America (Politics and Society in Twentieth Century America)
Meg Jacobs Manufacturer: Princeton University Press ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0691130418 |
Book Description
"How much does it cost?" We think of this question as one that preoccupies the nation's shoppers, not its statesmen. But, as Pocketbook Politics dramatically shows, the twentieth-century American polity in fact developed in response to that very consumer concern.
In this groundbreaking study, Meg Jacobs demonstrates how pocketbook politics provided the engine for American political conflict throughout the twentieth century. From Woodrow Wilson to Franklin Roosevelt to Richard Nixon, national politics turned on public anger over the high cost of living.
Beginning with the explosion of prices at the turn of the century, every strike, demonstration, and boycott was, in effect, a protest against rising prices and inadequate income. On one side, a reform coalition of ordinary Americans, mass retailers, and national politicians fought for laws and policies that promoted militant unionism, government price controls, and a Keynesian program of full employment. On the other, small businessmen fiercely resisted this low-price, high-wage agenda that threatened to bankrupt them.
This book recaptures this dramatic struggle, beginning with the immigrant Jewish, Irish, and Italian women who flocked to Edward Filene's famous Boston bargain basement that opened in 1909 and ending with the Great Inflation of the 1970s.
Pocketbook Politics offers a new interpretation of state power by integrating popular politics and elite policymaking. Unlike most social historians who focus exclusively on consumers at the grass-roots, Jacobs breaks new methodological ground by insisting on the centrality of national politics and the state in the nearly century-long fight to fulfill the American Dream of abundance.
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The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards
Alan Tonelson Manufacturer: Westview Press ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0813368170 |
Book Description
A leading economic journalist explains why Washington's responses to globalization have created a global worker surplus that undermines both American workers and those in developing nations.As evidenced by the WTO riots in Seattle in December 1999, there is a volatile debate among Americans over how the new world economy affects our standards of living and our country's chances for future prosperity. With giant multinational companies based in the U.S. and other wealthy countries transferring ever more factories and labs to poorer countries, the fear is that slave-wage workers overseas are undermining the bargaining power of labor in the industrialized world.
As evidenced by the WTO riots in Seattle in December 1999, there is a volatile debate among Americans over how the new world economy affects our standards of living and our country's chances for future prosperity. With giant multinational companies based in the U.S. and other wealthy countries transferring ever more factories and labs to poorer countries, the fear is that slave-wage workers overseas are undermining the bargaining power of labor in the industrialized world.
In this book Alan Tonelson explains how a competition has emerged in which countries with the weakest workplace safety laws, the lowest taxes, and the toughest unionization laws win investment from American and European countries. Tonelson argues that this "race to the bottom" of labor standards has been the driving force behind the decline of American living standards for the past quarter century, and, as we have already begun to see, will cause even bigger problems for the worldwide economy as it continues.
Tonelson analyzes how the entry of such population giants as China, India, and Brazil into the global market have added fuel to the eroding labor standards. He reveals how an ever larger share of the foreign competition faced by American laborers is hitting not just fields such as apparel and toys, but many of America's highest wage industries such as aerospace and software. And he describes how the reeducation and retraining programs that political leaders say is the remedy to the problem will do nothing to help most Americans cope with competition from the global workforce.
A lively, provocative guide to the new global economy, The Race to the Bottom fills the gap of hard evidence in readable form in the globalization debate, providing the guidebook that American workers have been waiting for, and the indictment that our economic and policy establishments have been dreading.
Customer Reviews:
Dated would like to see a new updated edition.......2007-01-02
Real free trade is based on comparative advantage,not absolute advantage and offsets.......2006-01-17
Kaleem needs and education!.......2005-12-04
Whats wrong with amazon.......2005-11-11
No better book for understanding the truth about "free trade.......2004-08-05
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Contagious Capitalism: Globalization and the Politics of Labor in China
Mary Elizabeth Gallagher Manufacturer: Princeton University Press ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0691117616 |
Book Description
One of the core assumptions of recent American foreign policy is that China's post-1978 policy of "reform and openness" will lead to political liberalization. This book challenges that assumption and the general relationship between economic liberalization and democratization. Moreover, it analyzes the effect of foreign direct investment (FDI) liberalization on Chinese labor politics.
Market reforms and increased integration with the global economy have brought about unprecedented economic growth and social change in China during the last quarter of a century. Contagious Capitalism contends that FDI liberalization played several roles in the process of China's reforms. First, it placed competitive pressure on the state sector to produce more efficiently, thus necessitating new labor practices. Second, it allowed difficult and politically sensitive labor reforms to be extended to other parts of the economy. Third, it caused a reformulation of one of the key ideological debates of reforming socialism: the relative importance of public industry. China's growing integration with the global economy through FDI led to a new focus of debate--away from the public vs. private industry dichotomy and toward a nationalist concern for the fate of Chinese industry.
In comparing China with other Eastern European and Asian economies, two important considerations come into play, the book argues: China's pattern of ownership diversification and China's mode of integration into the global economy. This book relates these two factors to the success of economic change without political liberalization and addresses the way FDI liberalization has affected relations between workers and the ruling Communist Party. Its conclusion: reform and openness in this context resulted in a strengthened Chinese state, a weakened civil society (especially labor), and a delay in political liberalization.
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The New Politics of American Trade : Trade Labor and the Environment (Policy Analyses in International Economics)
I. M. Destler , Peter J. Balint , and Institute for International Economics (U. S.) Manufacturer: Institute for International Economics ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0881322695 |
Book Description
"The New Politics of American Trade: Trade, Labor and the Environment", supplement to "American Trade Politics" by I.M. Destler and Peter J. Balint, shows how trade advocates and labor and environmental skeptics differ significantly in both their substantive views and their political and organizational cultures. The authors demonstrate how this new challenge differs from that of traditional trade protectionism, likening it instead to the debate a century ago over whether and how to regulate American capitalism for social purposes. The analysis leads to a set of recommendations aimed at constructive compromise and a new political foundation for US trade policy leadership.The New Politics of American Trade: Trade, Labor, and the Environment ISBN 0881322695
American Trade Politics, 3rd Edition ISBN: 0881322156
American Trade Politics and New Politics of American Trade Supplement, ISBN 088132292X
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Inclusion in the American Dream: Assets, Poverty, and Public Policy
Manufacturer: Oxford University Press, USA ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0195168208 |
Book Description
Inclusion in the American Dream brings together leading scholars and policy experts on the topic of asset building, particularly as this relates to public policy. The typical American household accumulates most of its assets in home equity and retirement accounts, both of which are subsidized
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Government and the American Economy: A New History
Price V. Fishback Manufacturer: University Of Chicago Press ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0226251284 |
Book Description
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