The indian economy

This book explains the development of the Indian economy since independence and partition. Matthew McCartney uses case studies of poverty and inequality, of education, health, work, and gender issues to outline the human story behind the economic figures and performance indicators.

The institutional foundation of economic development

A systemic account of how institutions shape economic developmentInstitutions matter for economic development. Yet despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED...

The long divergence

How religious barriers stalled capitalism in the Middle EastIn the year 1000, the economy of the Middle East was at least as advanced as that of Europe. But by 1800, the region had fallen dramatically behind—in living standards, technology, and economic institutions. In short, the Middle East had...

The magic money tree and other economic tales

A lively analysis of how mistakes in economic policy-making are increasingly made for political reasons and typically in the run up to a crisis when the constraints on the economy are ignored.

The market power of technology

Mordecai Kurz develops a comprehensive integrated theory of the dynamics of market power and income inequality. He shows that technological innovations are not simply sources of growth and progress: they sow the seeds of market power. Technological market power tends to rise, increasing inequalit...

The measure of progress

Why do we use eighty-year-old metrics to understand today’s economy?The ways that statisticians and governments measure the economy were developed in the 1940s, when the urgent economic problems were entirely different from those of today. In The Measure of Progress, Diane Coyle argues that the f...

The myth of independence

An in-depth look at how politics and economics shape the relationship between Congress and the Federal ReserveBorn out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence marshals archiv...

The natural dividend

How might we best negotiate the world’s scarce pool of natural resources? This book advocates a management regime that is both politically, as well as environmentally, sustainable, and shows how such management might work to protect our common heritage and secure the benefits we can expect from s...

The new politics of trade

Alasdair Young analyzes the Transatlantic Trade and Investment Partnership negotiations and explores why they have proved so difficult to conclude. He sheds light on the limits of transatlantic cooperation and teases out the implications for the UK in post-Brexit trade negotiations and for facing...

The pandemic paradox

Why most Americans’ finances improved during the worst economic contraction since the Great Depression—and the policy choices that made this possibleIn March 2020, economic and social life across the United States came to an abrupt halt as the country tried to slow the spread of COVID-19. In the ...

The paradox of debt

Wall Street Journal BestsellerUSA Today BestsellerAmazon BestsellerWhen we talk about debt and its impact on our economy, we almost always mean “government debt.” However, this is only a small part of the picture: individuals, private firms, and households owe trillions, and these private debts a...

The paradox of risk

The Paradox of Risk contends that central banks’ fear of inflation and risk taking has hampered their efforts to revive global prosperity. Ángel Ubide mobilizes a wealth of research on the experience from the last decade, urging policymakers to leave their "comfort zone," embrace risk taking, and...

The political economy of brexit

This collection of essays explores the ramifications of the Brexit decision for the UK and European economies. These essays provide an important first step in assessing the threats and challenges that a Brexit poses for the UK and wider EU economy and will be welcome reading for anyone in search ...

The political economy of housing financialization

Greg Fuller explores the growing role of mortgage markets in the macroeconomy and provides a comparative analysis of housing finance and its growth across a number of European economies and the United States. The book offers an insightful and timely discussion of the key political-economic conseq...

The political economy of industrial strategy in the uk

The collection of essays explores the political and institutional foundations of industrial policy, the value of "foundational" economic practices, the challenge of greening capitalism and addressing regional inequalities, and the new financial and corporate governance structures required to radi...

The political economy of international relations

The postwar economic order

Years before he became renowned as one of the most original social scientists of the twentieth century, Albert O. Hirschman played an active role in the rebuilding of postwar Europe. This book presents a collection of his reports about economic policy, early efforts at intra-European cooperation,...

The power of a single number

A narrative-driven political history of the most important economic statistic in the world.

The power of hope

Why hope matters as a metric of economic and social well-beingIn a society marked by extreme inequality of income and opportunity, why should economists care about how people feel? The truth is that feelings of well-being are critical metrics that predict future life outcomes. In this timely and ...

The power to destroy

How the antitax fringe went mainstream—and now threatens America’s futureThe postwar United States enjoyed large, widely distributed economic rewards—and most Americans accepted that taxes were a reasonable price to pay for living in a society of shared prosperity. Then in 1978 California enacted...

The right balance for banks

William R. Cline analyzes whether reforms of capital requirements for banks have gone far enough. He calculates how much higher bank capital reduces the risk of banking crises. This study also challenges the recent "too much finance" literature, which holds that in advanced countries banking sect...

The rise of state capital

This book is a comprehensive analysis of the unprecedented rise in large-scale, state-led transnational investment from countries as diverse as China, Russia and Norway, and the rise of the state in the global economy.

The servant state

The global financial and industrial turmoil of recent years has once more brought the crisis-prone nature of the capitalist system to the forefront. In the context of economic stagnation and the retreat of working-class organizations, the rich and powerful around the world have redoubled their at...

The size of government

Vaclav Rybacek argues that many studies have underestimated the size of government, leading to erroneous policy recommendations and an unrealistic assessment of a government’s ability to meet its debts. Drawing on Austrian economic theory, the book offers a more robust methodology for the measure...

The social foundations of global finance

A fresh collection of original contributions from a range of scholars inspired by the work of Tim Sinclair that critically engages and further applies the social foundations approach to global finance.

The socialist system

To understand the dramatic collapse of the socialist order and the current turmoil in the formerly communist world, this comprehensive work examines the most important common properties of all socialist societies. JNBnos Kornai brings a life-long study of the problems of the socialist system to h...

The sport and prey of capitalists

Why are we selling off the impressive public enterprises we often battled as a nation to create?In the early 1900s, thousands of Canadians battled wealthy interests, winning control of Niagara Falls and creating a public power company. Another popular movement succeeded in creating Canada’s publi...

The state and your hard-earned money

How fiscal and economic policy choices reflect moral points of viewHow much of your hard-earned money is it fair for the state to tax? What public services should the state finance with that money? Surveys show that people care more about fairness than efficiency in fiscal and economic matters, a...

The sustainable nation

Drawing on almost 20 years of Liam Leonard’s research in the field, this volume provides a detailed case study of a modern European state’s tumultuous development through first decades of the Millennium. The book provides an in depth and up to date study on Ireland's growth and the substantial ch...

The transformative power of adult education

How adult basic education strengthens families and builds capacity for community change — transforming society from the ground up.

The tyranny of utility

The general assumption that social policy should be utilitarian--that society should be organized to yield the greatest level of welfare--leads inexorably to increased government interventions. Historically, however, the science of economics has advocated limits to these interventions for utilita...

The united states and the world economy

What are the key foreign economic policy issues facing the United States in the second half of this decade? How can the administration and Congress meet the economic challenges that lie ahead? This new book analyzes the dramatic importance of the world economy to both the domestic prosperity and ...

The united states as a debtor nation

The United States has once again entered into a period of large external imbalances. This time the current account deficit, at nearly 6 percent of GDP in 2004, is much larger than in the last episode, when the deficit peaked at about 3.5 percent of GDP in 1987. Moreover, the deficit is on track t...

The war on cash

The War on Cash: How Banks and a Power-Hungry Government Want to Confiscate Your Cash, Steal Your Liberty and Track Every Dollar You Spend. And How to Fight Back is a wake-up call to everyone about the tactics being used by governments to restrict the public's use of cash and to abuse the laws fo...

Too much stuff

Where has capitalism gone wrong? Why are advanced capitalist economies so sick and why do conventional policy solutions, such as reduced taxes and increased money supply, produce only wider income disparity and inequality? We now live in a new world in which we enjoy the highest living standard i...

Toward a just society

This collection of essays reflects on how modern economics has been shaped by Joseph Stiglitz. High-profile authors spanning microeconomics, macroeconomics, inequality, development, law and economics, and public policy take up the central debates and discoveries of the field and provide insights ...

Trans-pacific partnership

The Trans-Pacific Partnership (TPP) between 12 Pacific Rim countries has generated the most intensive political debate about the role of trade in the United States in a generation. The TPP is one of the broadest and most progressive free trade agreements since the North American Free Trade Agreem...