23 Things They Don't Tell You about Capitalism Book

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23 Things They Don't Tell You about Capitalism

By Ha-Joon Chang
  • Writer : Ha-Joon Chang
  • Isbn : 9781608193585
  • Publisher : Bloomsbury Publishing USA
  • Number of Pages : 304
  • Category : Business & Economics
  • Review Counts : 683
  • Book Compatibility : Pdf, ePub, Mobi, Kindle
  • Pdf : 23-things-they-don-t-tell-you-about-capitalism.pdf

Summaries of Book :

INTERNATIONAL BESTSELLER "For anyone who wants to understand capitalism not as economists or politicians have pictured it but as it actually operates, this book will be invaluable."-Observer (UK) If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan. Chang, the author of the international bestseller Bad Samaritans, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, "How to Rebuild the World," Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market.

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Book Excerpt:

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Book Excerpt:

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A New York Times Bestseller A Wall Street Journal Bestseller A New York Times Notable Book of 2020 A New York Times Book Review Editors’ Choice Shortlisted for the Financial Times and McKinsey Business Book of the Year A New Statesman Book to Read From economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working class Deaths of despair from suicide, drug overdose, and alcoholism are rising dramatically in the United States, claiming hundreds of thousands of American lives. Anne Case and Angus Deaton explain the overwhelming surge in these deaths and shed light on the social and economic forces that are making life harder for the working class. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. This critically important book paints a troubling portrait of the American dream in decline, and provides solutions that can rein in capitalism's excesses and make it work for everyone.

State Capitalism

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Book Excerpt:

The end of the Cold War ushered in an age of American triumphalism best characterized by the "Washington Consensus:" the idea that free markets, democratic institutions, limitations on government involvement in the economy, and the rule of law were the foundations of prosperity and stability. The last fifteen years, starting with the Asian financial crisis, have seen the gradual erosion of that consensus. Many commentators have pointed to the emergence of a powerful new rival model: state capitalism. In state capitalist regimes, the government typically owns firms in strategic industries. Not beholden to private-sector shareholders, such firms are allowed to operate with razor-thin margins if the state deems them strategically important. China, soon to be the world's largest economy, is the best known state capitalist regime, but it is hardly the only one. 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. That said, a number of democratic nations have embraced state capitalism, and in those regimes, state-backed firms like Brazil's Embraer have enjoyed considerable success. Kurlantzick highlights the mixed record and the evolving nature of the model, yet he is more concerned about the negative effects of state capitalism. When states control firms, whether in democratic or authoritarian regimes, the government increases its advantage over the rest of society. The combination of new technologies, the perceived failures of liberal economics and democracy in many developing nations, the rise of modern kinds of authoritarians, and the success of some of the best-known state capitalists have created an era ripe for state intervention. State Capitalism offers the sharpest analysis yet of what state capitalism's emergence means for democratic politics around the world.

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  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : John Wiley & Sons
  • Isbn Code : 1119756146
  • Number of Pages : 304
  • Category : Business & Economics
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  • Pdf File: stakeholder-capitalism.pdf

Book Excerpt:

Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all.

Economics: The User's Guide

By Ha-Joon Chang
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Penguin UK
  • Isbn Code : 0718197046
  • Number of Pages : 304
  • Category : Business & Economics
  • Reviews : 891
  • Pdf File: economics.pdf

Book Excerpt:

What is economics? What can - and can't - it explain about the world? Why does it matter? Ha-Joon Chang teaches economics at Cambridge University, and writes a column for the Guardian. The Observer called his book 23 Things They Don't Tell You About Capitalism, which was a no.1 bestseller, 'a witty and timely debunking of some of the biggest myths surrounding the global economy.' He won the Wassily Leontief Prize for advancing the frontiers of economic thought, and is a vocal critic of the failures of our current economic system.

Reclaiming Development

By Ha-Joon Chang,Ilene Grabel
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Bloomsbury Publishing
  • Isbn Code : 1780329725
  • Number of Pages : 258
  • Category : Social Science
  • Reviews : 137
  • Pdf File: reclaiming-development.pdf

Book Excerpt:

There is no alternative to neoliberal economics - or so it appeared when Reclaiming Development was published in 2004. Many of the same driving assumptions - monetarism and globalization - remain within the international development policy establishment. Ha-Joon Chang and Ilene Grabel confront this neoliberal development model head-on by combining devastating economic critique with an array of innovative policies and an in-depth analysis of the experiences of leading Western and East Asian economies. Still, much has changed since 2004 - the relative success of some developing countries in weathering the global financial crisis has exposed the latent contradictions of the neoliberal model. The resulting situation of increasingly open policy innovation in the global South means that Reclaiming Development is even more relevant today than when it was first published. History is being made.

Life Full of Reading

By Syed Ahmad Fathi bin Syed Mohd Khair
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : The Independent Insight
  • Isbn Code : 9671631339
  • Number of Pages : 161
  • Category : Literary Criticism
  • Reviews : 215
  • Pdf File: life-full-of-reading.pdf

Book Excerpt:

A quite afternoon, a cozy chair, a warm cup of coffee, and a good book—these are the perfect description of moments that should be cherished in this short life. Carl Sagan once said that reading is magical, that it enables humans from different epoch to talk to each other; it is more than that. Reading is a gateway to imagination, a world without limit, a safe space to escape from enduring reality. Sometimes it is a space where you socialize without having to meet people. This book is a compilation of book reviews written over the years. The book was broken into two parts, the first part is the long reviews, the second part is the short reviews, which covered a wide range of genre from economics, self-help, novels, comic book to political philosophy and parenting.

From Keynes to Piketty

By Peter de Haan
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Springer
  • Isbn Code : 1137600020
  • Number of Pages : 530
  • Category : Business & Economics
  • Reviews : 113
  • Pdf File: from-keynes-to-piketty.pdf

Book Excerpt:

From Keynes to Piketty provides the reader with an accessible and entertaining insight into the development of economic thought over the past century. Starting with John Maynard Keynes's bestseller, The Economic Consequences of Peace (1919), and ending with Thomas Piketty's blockbuster, Capital in the Twenty First Century (2014), the author explains which dramatic political and economic events changed the way economists interpreted these events, and how they revolutionized the economic science. The book contains biographies of Keynes, Schumpeter, Galbraith, Hayek, Friedman, Hirschman, North, and Piketty, alongside others, and highlights their extraordinary lives and works, anecdotes about them, and their often sharp differences of opinion. Extensive summaries of their main works provide the interested scholar and student with an accurate presentation of their contents. A must-read for all those who wonder what happened to economics during the past century, and why.

Confronting Injustice

By Umair Muhammad
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Haymarket Books
  • Isbn Code : 1608465713
  • Number of Pages : 218
  • Category : Social Science
  • Reviews : 315
  • Pdf File: confronting-injustice.pdf

Book Excerpt:

Urgent and powerful call to build the mass movements necessary to overcome global climate & save the planet.

Beyond Public Administration

By David John Farmer
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Routledge
  • Isbn Code : 0429575378
  • Number of Pages : 116
  • Category : Social Science
  • Reviews : 599
  • Pdf File: beyond-public-administration.pdf

Book Excerpt:

How can public administration (P.A.) nudge government to govern fundamentally better in terms of policy? How critical is P.A. contemplation and nudges – prods, shoves or hammer blows - to government-in-context? In this book, David John Farmer argues that government-in-context refers to government-in-totality, to what governs even if not called government and to what constrains government action. Constricting contextual features are infiltration, exfiltration and post-truth, raising questions relating to democracy. Infiltration into government is the action of gaining access that benefits big corporations, their owners and billionaires; findings are that it also mal-nudges government action through such elements as big money, lobbying, tax breaks and embrace of the free market. Reacting to factors like growing income inequality, what is explained as exfiltration occurs for middle- and lower-income people. Post-truth is noted as the Oxford Dictionary’s word of the year for 2016, describing people concerned less with truths than with opinions. The book analyzes three practical "hammer blow" and 18 "shove" nudges to contradict the mal-nudges. Beyond Public Administration will be of interest to P.A. scholars and graduate students, more specifically those interested in critical, normative, or interpretive scholarship focused on various aspects of P.A. theory, governance, and practical management.

God and the Financial Crisis

By Gary D. Badcock
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Cambridge Scholars Publishing
  • Isbn Code : 1443888370
  • Number of Pages : 210
  • Category : Religion
  • Reviews : 749
  • Pdf File: god-and-the-financial-crisis.pdf

Book Excerpt:

A fundamental belief in personal liberty and in the ability of free markets to realise the good lies at the heart of the neoliberal economic orthodoxy that has now shaped public policy for a generation. Confidence in orthodox economics has, however, been badly shaken by the financial crisis of 2008 and, in the years following, by the effects of the Great Recession. The era of casino banking was not only an era of de-industrialisation and under-employment, but also of iniquitous tax avoidance schemes, and of grotesquely inflated levels of social inequality. Such factors, we now realise, have reduced the life-prospects of millions of our fellow-citizens. This interdisciplinary volume of essays, with wide-ranging contributions by theologians and social scientists, explores the theological, economic, and moral implications of these developments. Its central claim is that neoliberalism’s failure to appreciate the limitations of its fiduciary commitments contributed massively to the economic crisis. A more honest appraisal of the relation between the language of belief and the sphere of economic behaviour is therefore required. This must also result in appropriate policy changes, to harness the power of the economy to serve a more generous vision of the human good.

A Student's Guide to Education Studies

By Stephen Ward
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Routledge
  • Isbn Code : 1136483055
  • Number of Pages : 232
  • Category : Education
  • Reviews : 153
  • Pdf File: a-student-s-guide-to-education-studies.pdf

Book Excerpt:

A Student’s Guide to Education Studies is a much-needed resource for any undergraduate making their first explorations into the fascinating world of education. The first publication of this book in 2002 helped to define the nature of the subject, introducing topics into the field which had not been previously considered. This new edition brings the subject up to date with the latest thinking and research on policy, globalisation, learning and knowledge, offering an accessible and wide-ranging introduction to a diverse range of topics and issues in education. Now fully updated to reflect rapid and significant changes in the field, this third edition considers topical issues including: the political dimension of education, the national debate about schooling and poverty, the marketisation of education, the end of Every Child Matters, the Coalition Government’s policies for academies and free schools. Organised around three enduring themes - Education Policy and Politics, Global and Environmental Education, and Learning, Knowledge and the Curriculum - each chapter contains summary points, questions for discussion, and annotated suggestions for further reading. With a distinctive international and global focus, A Student's Guide to Education Studies is an essential resource for all students of Education Studies.

The Oxford Handbook of Industrial Policy

By Arkebe Oqubay,Christopher Cramer,Ha-Joon Chang,Richard Kozul-Wright
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Oxford University Press
  • Isbn Code : 0192607227
  • Number of Pages : 912
  • Category : Business & Economics
  • Reviews : 615
  • Pdf File: the-oxford-handbook-of-industrial-policy.pdf

Book Excerpt:

Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.

50 Economics Classics

By Tom Butler-Bowdon
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Nicholas Brealey
  • Isbn Code : 1473660424
  • Number of Pages : 320
  • Category : Business & Economics
  • Reviews : 215
  • Pdf File: 50-economics-classics.pdf

Book Excerpt:

Economics drives the modern world and shapes our lives, but few of us feel we have time to engage with the breadth of ideas in the subject. 50 Economics Classics is the smart person's guide to two centuries of discussion of finance, capitalism and the global economy. From Adam Smith's Wealth of Nations to Thomas Piketty's bestseller Capital in the Twenty-First Century, here are the great reads, seminal ideas and famous texts clarified and illuminated for all.

Fate of the Nation

By Jakkie Cilliers
  • File : Pdf, ePub, Mobi, Kindle
  • Publisher : Jonathan Ball Publishers
  • Isbn Code : 1868427986
  • Number of Pages : 296
  • Category : Political Science
  • Reviews : 419
  • Pdf File: fate-of-the-nation.pdf

Book Excerpt:

WHAT DOES OUR FUTURE HOLD? In these uncertain times, this is the question on many South Africans' lips. Will we become more prosperous and less divided as a nation or remain hugely unequal and generally poor? Will the ANC split or eventually be forced into an alliance with the EFF after 2019? Could the DA rule the country after the 2024 elections? In Fate of the Nation Jakkie Cilliers develops three scenarios for our immediate future and beyond: Bafana Bafana, Nation Divided and Mandela Magic. Cilliers says the ANC is currently paralysed by the power struggle between what he calls the Traditionalists and the Reformers. It is this power struggle that has led to the inept leadership, policy confusion and poor service delivery that has plagued the country in recent years. Key to which scenario could become our reality is who will be elected to the ANC's top leadership at the party's national conference in December 2017. Whichever group wins there will determine what our future looks like. This is a book for all concerned South Africans.