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This study investigated changes in inequality and relative poverty in 25 European countries, the United States, and four other nations over the three decades following 1980. With few exceptions, inequality rose over this time, although policies to address it differed.
Pinto draws on his extensive experience as an economist at the World Bank to explain why the macroeconomics and theories about growth typically taught in universities must be modified to account for the practical realities found in most transitioning and developing economies.
This short book offers a window into research and development taking place at MIT, Stanford, and other U.S. universities that in the next decade or two might revolutionize the production and consumption of energy.
Geithner recounts the harrowing days of the 2008–9 financial crisis and persuasively justifies the often unpopular actions the federal government took, arguing that they were the least bad options available in a potentially catastrophic situation.
The book provides a good overview of the most momentous political development of the late twentieth century, allowing readers to compare the former Soviet states’ experiences with postcommunist reforms.
Litan sets out to explain a range of ideas that originated with academic economists and that subsequently influenced both economic policy and business practices—usually for good but occasionally for ill. He explores the possibility of applying economic concepts to a wide range of topics, from matchmaking in labor markets to the challenges of traffic congestion.
Walter Lippmann was among the most prominent American public intellectuals, but Goodwin’s worthy book serves to remind readers that Lippmann was more than a mere pundit. Lippmann was a committed liberal, in the European sense, meaning that he favored free markets and a limited role for government.
In explaining the financial crisis of 2008 and its effects, Galbraith positions himself outside the conventional conservative-liberal spectrum. He urges Americans to adjust their country’s institutional structures—and their personal expectations—to accommodate a lower rate of growth than the one that prevailed during the past half century.
A common view holds that economic reforms in China stalled or even were reversed during the past decade. But in this carefully documented study, Lardy shows that in reality, China’s private sector has continued to grow and thrive, fueling economic development and investment.
Many believe that the financial crisis of 2008 represented a failure of the international economic system. Drezner argues the contrary: although the system did not prevent the crisis or the subsequent recession, it did avoid a catastrophe on the order of the Great Depression of the 1930s.
Detailed records of professional-league games go back many years and cover many countries, and Palacios-Huerta draws on that copious archive to illuminate and formally test a number of economic propositions.
Both these books feature ideas about the future of innovation from researchers at the Massachusetts Institute of Technology.
Nuclear energy, Fox argues, can provide plentiful electric power at a reasonable cost in a way that most renewable sources of energy cannot.
Yu examines how the consumption habits of young urban Chinese have changed during the past two decades and how consumption both reflects and helps define individuality in China.
In 1930, John Maynard Keynes gave a famous lecture in which he took an uncharacteristic stab at forecasting the distant future, 100 years away. Palacios-Huerta saw fit to repeat this thought experiment and invited ten prominent economists to imagine economic life circa 2114.
Kramer argues that falling birthrates pose a serious threat to a number of wealthy countries, not only to their economic well-being but also to their national security.
Hardly a week goes by without news of some malfeasance committed by a large American or European bank. Lewis zeros in on one particularly explosive charge: the claim that major banks engage in predatory trading behavior.
This useful book -- a thorough piece of practical research -- looks closely at how clean energy technologies such as gas turbines, advanced batteries, solar photovoltaics, and coal gasification emerged and spread to China.
Powell argues persuasively that sweatshops, where the conditions are admittedly appalling by Western standards, represent an improvement -- often a significant improvement -- over the alternatives available to their workers.
The rapid growth of cross-border business, education, and travel has brought people of different cultural backgrounds closer together than ever before -- and has thereby increased the likelihood of miscommunication and misunderstanding.
Houser and Mohan provide a sober, largely quantitative assessment of the recent U.S. shale gas boom.
This interesting book is basically a history of business journalism in the United States, with an emphasis on investigative journalism, whose virtues the author extols.
Foreign trade makes some Americans uncomfortable, partly because it involves, well, foreigners.
This intriguing book measures social mobility in a novel way, by tracing unusual surnames over several generations in nine different countries.
This book tells readers how to think about problems in the current international political and economic system, but not exactly what to do about them.
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