The Failure Of The New Economics

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The Failure of the New Economics

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The Failure of the New Economics: An Analysis of the Keynesian Fallacies

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Return of Depression Economics and the Crisis of 2008 WW Norton & Co

Książki / Literatura obcojęzyczna

The New York Times bestseller: the Nobel Prize-winning economist shows how today's crisis parallels the Great Depression - and explains how to avoid catastrophe. With a new foreword for this paperback edition. In this major bestseller, Paul Krugman warns that, like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression have made a comeback. He lays bare the 2008 financial crisis - the greatest since the 1930s - tracing it to the failure of regulation to keep pace with an out-of-control financial system. He also tells us how to contain the crisis and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman's trademark style - lucid, lively, and supremely informed - this new edition of The Return of Depression Economics has become an instant classic. A hard-hitting new foreword takes the paperback edition right up to the present moment.

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Economics for the Many Verso Books

Książki / Literatura obcojęzyczna

Our economy is rigged in favour of a wealthy elite. We need a new approach: an economics for the many.Big challenges lie ahead for our society: the rise of automation and the threat of catastrophic climate change. But so, too, do the huge possibilities presented by new technology and better ways of organising our economy in the wake of neoliberalism's failure. With the election of Jeremy Corbyn as Labour leader, and the extraordinary turnaround in Labour's fortunes in the 2017 election, we have a real opportunity to build an economy in Britain that is radically fairer, radically more democratic, and radically more sustainable. But we need the right ideas and strategies if we're going to get there.Economics for the Many, edited and with an introduction by Shadow Chancellor of the Exchequer John McDonnell, features contributions from the participants in his New Economics conferences, including Barry Gardiner, Ann Pettifor, Prem Sikka, and Guy Standing. It covers topics from housing, public ownership, and fairer international trading systems to industrial policy for the twenty-first century and how to tackle tax avoidance and regional imbalances. Together, the essays in this volume lay out a vision for a new economics, one that works for the many, not the few.

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Roaring Nineties Penguin

Biznes

His previous book revealed the shocking truth about globalization. Now, Joseph Stiglitz blows the whistle on the devastation wrought by the free market mantra in the nineties

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TTIP in Retreat? - Praca zbiorowa

Książki & Multimedia > Książki

Opis - Are the United States and the European Union able to set up a transatlantic free trade area" This is not the first time this question has surfaced. Over the last quarter century several transatlantic trade arrangements have ended in failure. Of late, the EU and the US have fundamentally differed when it comes to negotiating the Transatlantic Trade and Investment Partnership (TTIP). These negotiations, which began in mid-June 2013, were frozen on 17 January 2017. The idea behind the Transatlantic Trade and Investment Partnership is clear: to agree on the principles of cooperation between the European Union and the United States"cooperation, which is of strategic value. If the agreement is reached and implemented, it could push both parties towards stronger political consolidation and solidify the West-led international order in the world. In contrast, should these negotiations not resume, the Transatlantic Alliance may lose the capacity to cope with the challenges created by the current world system tarnished by the rivalry of various new economic and political powers and their interests. That is why this interdisciplinary report, prepared by scholars and experts on the European Union and the United States, looks at the strategic facets of TTIP, and evaluates its objectives and potential impact to formulate a set of recommendations for the talks to be opened up again. The Authors (?) This report makes a worthwhile scientific interdisciplinary contribution to our understanding of the ideas and concepts that stood behind TTIP, as well as to the public narrative in the US and EU and its implications for the TTIP negotiations. It presents an interesting investigation on the stalemate in TTIP negotiations: its reasons, its effects and importance for the EU-US trade patterns in the foreseeable future. The book also offers alternative explanations of these phenomena. It formulates a variety of interpretations of the TTIP stalemate, as well as forecasts concerning the development of US-EU institutional forms of trade relationship in both a descriptive (i.e. prognostic) and prescriptive (i.e. normative) manner. From the publishing review: Professor Artur Nowak-Far, the Warsaw School of Economics, Poland The Authors: Elżbieta Czarny, Maria Dunin-Wąsowicz, Leif Johan Eliasson, Galina Kolev, Rem Korteweg, Jan Jakub Michałek, Katarzyna Żukrowska. Nazwa - TTIP in Retreat? Autor - Praca zbiorowa Oprawa - Miękka Wydawca - Scholar Kod ISBN - 9788373839007 Kod EAN - 9788373839007 Rok wydania - 2017 Język - angielski Format - 14.8x21.0cm Ilość stron - 108 Podatek VAT - 5% Premiera - 2017-06-19

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Why Government Succeeds & Why It Fails Harvard University Press

Inne 1

This book looks beyond politics to show how the ability of the U.S. government to implement policies is strongly affected by various economic constraints. These include the credibility of the policies, the ability of government to commit to them, the extent to which firms and consumers rationally anticipate their effects, whether the success of a policy further encourages firms and individuals to behave in intended ways, and whether the behavior of such actors can be sustained without continued government intervention. The authors apply these concepts to four areas of policy: macroeconomic policies to promote employment and economic growth, redistributive policies to benefit the poor and the elderly, production policies to provide goods and services, and regulatory policies to guide the behavior of firms and individuals. In doing so they provide plausible explanations of many puzzling phenomena--for example, why government has been successful in reducing cigarette smoking, but has failed to get people to install and maintain emission-control devices in their cars. This book recasts debates about public policy, avoiding conventional "pro-government" or "anti-government" positions; rather, it helps to predict when public policy will succeed. Readers intrigued by the public policy between economics and politics will appreciate this effort to use economic theory to understand why specific policy approaches succeed or fail. Economist Glazer and political scientist Rothenberg base their analysis on four economic constraints (credibility, rational expectations, crowding in/crowding out, and multiple equilibria) that they consider particularly helpful in explaining public policy's success and failure...A demanding study...that offers useful insights.    --Mary Carroll, BooklistMost economists have a list in their heads of the conditions under which markets fail. Most political scientists have a set of theories about why politicians may fail to represent notions of the "public interest." The authors here ask a different type of question, which is often overlooked: under what economic conditions are government policies likely to work? Across many different areas of public policy, they illustrate how the success or failure of policies can be predicted. This is an excellent book. It will be a welcome addition to many different types of classes where public policies are debated and examined.    --James T. Hamilton, Terry Sanford Institute of Public Policy, Duke UniversityA very important book, Why Government Succeeds and Why It Fails goes well beyond standard public choice theory in several regards. First and most importantly, it advances the debate over government failure. Rather than staking out a simplistic "pro-government" or "anti-government" position, it helps us determine when government policy is likely to succeed. Second, the book shows that credibility is a more important concept than had previously been realized. And third, it offers new and striking analysis and evidence on particular policies, such as recent attempts to make government more accountable. On top of all this, the book is highly readable and will command significant attention across a variety of disciplines.    --Tyler Cowen, George Mason University

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End of Theory Princeton University Press

Książki / Literatura obcojęzyczna

Our economy may have recovered from the Great Recession--but not our economics. In The End of Theory, Richard Bookstaber, one of the world's leading risk managers, discusses why the human condition and the radical uncertainty of our world renders the standard economic model--and the theory behind it--useless for dealing with financial crises. What model should replace it? None. At least not any version we've been using for the past two hundred years. Instead, Bookstaber argues for a new approach called agent-based economics, one that takes as a starting point the fact that we are humans, not the optimizing automatons that standard economics assumes we are. Sweeping aside the historic failure of twentieth-century economics, The End of Theory offers a novel and innovative perspective, along with a more realistic and human framework, to help prevent today's financial system from blowing up again.

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Practical Reliability Engineering 5e John Wiley & Sons Inc

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With emphasis on practical aspects of engineering, this bestseller has gained worldwide recognition through progressive editions as the essential reliability textbook. This fifth edition retains the unique balanced mixture of reliability theory and applications, thoroughly updated with the latest industry best practices. Practical Reliability Engineering fulfils the requirements of the Certified Reliability Engineer curriculum of the American Society for Quality (ASQ). Each chapter is supported by practice questions, and a solutions manual is available to course tutors via the companion website. Enhanced coverage of mathematics of reliability, physics of failure, graphical and software methods of failure data analysis, reliability prediction and modelling, design for reliability and safety as well as management and economics of reliability programmes ensures continued relevance to all quality assurance and reliability courses. Notable additions include: New chapters on applications of Monte Carlo simulation methods and reliability demonstration methods. Software applications of statistical methods, including probability plotting and a wider use of common software tools.More detailed descriptions of reliability prediction methods. Comprehensive treatment of accelerated test data analysis and warranty data analysis. Revised and expanded end-of-chapter tutorial sections to advance students' practical knowledge. The fifth edition will appeal to a wide range of readers from college students to seasoned engineering professionals involved in the design, development, manufacture and maintenance of reliable engineering products and systems. www.wiley.com/go/oconnor-reliability5

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Customer-Oriented Quality Management in the Automotive Industry Diplom.de

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Master's Thesis from the year 2004 in the subject Business economics - Marketing, Corporate Communication, CRM, Market Research, Social Media, grade: 2,0, Linnaeus University (Business), language: English, abstract: Inhaltsangabe:Abstract:§In times of severe competition, it is of crucial importance to create a competitive advantage to differentiate from the competitors and to sustain the business of the company. This thesis intends to show that a customer-focused quality management is one way to create a sustainable competitive advantage. Quality controls along the whole value chain -before, during and after production- leads to failure free products, which save costs on the one hand and have thus a positive influence on the company s revenue. On the other hand failure free products that meet the customers expectations lead to satisfied customers who build up a brand loyalty and conduct retention sales, which have a positive influence on the company s sales, market share as well as the overall image.§Furthermore, this thesis points out that it is important to listen to the voice of the customers and get an insight in the customer s needs and wants. To fulfil or even exceed their expectations leads to customer satisfaction, which is a key to success in today s business world. In addition, the customer demands in regard of quality are growing continuously and new technologies are appearing on the markets on a regular basis. Therefore the producers are forced to keep to the latest technology developments and to get hold on the changing customer needs. But even without this external pressure, quality improvement is justified from a cost point of view.§The applicability of a customer-oriented quality management is shown in the practical part of this thesis, when the quality of the Saab models is analyzed from the customer s perspective.§Due to the arguments, outlined in this thesis, it can be summarized that a quality management with a focus on the needs of the customers in should become a core strategy of any company producing and selling products in order to create customer satisfaction and sustain the business.§This thesis deals with the field of quality management in the context of customer satisfaction. To show the practical applicability of quality management, this thesis is looking at how quality management is conducted in the automotive industry, as we compare the Initial Quality Study (IQS) from the market research institute J. D. Power with a survey that was internally conducted at the Saab Automobile AB.§Today s business environment creates a growing need for quality management. Tougher competition leads to the demand for cost savings and higher profitability. These days the consumer can choose from a variety of similar products, which are often exchangeable in the eyes of the customer. If they are not satisfied with a product s performance, they switch to the competitors brand. Thus the focus on the customer s needs and wants in line with quality is one way of differentiation from the vast number of competitors. Satisfied customers are likely to build up a brand loyalty and this helps to ensure long term sales. The explosive growth of technology led to a higher product complexity and thus favored the quality movement.§Some technical products bear threats to human safety and to the environment which resulted in an expansion of governmental quality regulations as well as warranty laws in order to protect the consumers. In addition, the product life cycles are shortening along with the technological development and producers have to be prepared for increased quality requirements from the customers side as well as to respond to fast changing customer wants. Especially, on such a competitive market as the world market for passenger cars, the contenders are forced to reduce costs and to fulfill their customers wants and satisfy their needs to be succ...

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Practical Reliability Engineering 5e John Wiley & Sons Inc

Książki / Literatura obcojęzyczna

With emphasis on practical aspects of engineering, this bestseller has gained worldwide recognition through progressive editions as the essential reliability textbook. This fifth edition retains the unique balanced mixture of reliability theory and applications, thoroughly updated with the latest industry best practices. Practical Reliability Engineering fulfils the requirements of the Certified Reliability Engineer curriculum of the American Society for Quality (ASQ). Each chapter is supported by practice questions, and a solutions manual is available to course tutors via the companion website. Enhanced coverage of mathematics of reliability, physics of failure, graphical and software methods of failure data analysis, reliability prediction and modelling, design for reliability and safety as well as management and economics of reliability programmes ensures continued relevance to all quality assurance and reliability courses. Notable additions include: New chapters on applications of Monte Carlo simulation methods and reliability demonstration methods. Software applications of statistical methods, including probability plotting and a wider use of common software tools.More detailed descriptions of reliability prediction methods. Comprehensive treatment of accelerated test data analysis and warranty data analysis. Revised and expanded end-of-chapter tutorial sections to advance students' practical knowledge. The fifth edition will appeal to a wide range of readers from college students to seasoned engineering professionals involved in the design, development, manufacture and maintenance of reliable engineering products and systems. www.wiley.com/go/oconnor-reliability5

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Darwin Economy Princeton University Press

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Who was the greater economist - Adam Smith or Charles Darwin? The question seems absurd. Darwin, after all, was a naturalist, not an economist. But Robert Frank, "New York Times" economics columnist and best-selling author of "The Economic Naturalist", predicts that within the next century Darwin will unseat Smith as the intellectual founder of economics. The reason, Frank argues, is that Darwin's understanding of competition describes economic reality far more accurately than Smith's. And the consequences of this fact are profound. Indeed, the failure to recognize that we live in Darwin's world rather than Smith's is putting us all at risk by preventing us from seeing that competition alone will not solve our problems. Smith's theory of the invisible hand, which says that competition channels self-interest for the common good, is probably the most widely cited argument today in favor of unbridled competition - and against regulation, taxation, and even government itself. But what if Smith's idea was almost an exception to the general rule of competition? That's what Frank argues, resting his case on Darwin's insight that individual and group interests often diverge sharply.Far from creating a perfect world, economic competition often leads to "arms races", encouraging behaviors that not only cause enormous harm to the group but also provide no lasting advantages for individuals, since any gains tend to be relative and mutually offsetting. The good news is that we have the ability to tame the Darwin economy. The best solution is not to prohibit harmful behaviors but to tax them. By doing so, we could make the economic pie larger, eliminate government debt, and provide better public services, all without requiring painful sacrifices from anyone. That's a bold claim, Frank concedes, but it follows directly from logic and evidence that most people already accept. In a new afterword, Frank further explores how the themes of inequality and competition are driving today's public debate on how much government we need.

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Voltage Effect Penguin Books

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'By far the best book I've ever read on the how and why of scaling. If you care about changing the world, or just want to make better decisions in your own life, The Voltage Effect is for you.' Angela Duckworth, CEO of Character Lab and New York Times bestselling author of Grit ________________ Why do some ideas make it big while others fail to take off? According to award-winning behavioural economist John List, the answer comes down to a single question: Can the idea scale? Countless enterprises fall apart the moment they scale; their positive results fizzle, they lose valuable time and money, and the great electric charge of potential that drove them early on disappears. In short, they suffer a voltage drop. Yet success and failure are not about luck - in fact, there is a rhyme and reason as to why some ideas fail and why some make it big. Certain ideas are predictably scalable, while others are predictably destined for disaster. In The Voltage Effect, University of Chicago economist John A. List explains how to identify the ideas that will be successful when scaled, and how to avoid those that won't. Drawing on his own original research, as well as fascinating examples from the realms of business, government, education, and public health, he details the five signature elements that cause voltage drops, and unpacks the four proven techniques for increasing positive results - or voltage gains - and scaling great ideas to their fullest potential. By understanding the science of scaling, we can drive change in our schools, workplaces, communities, and society at large. Because a better world can only be built at scale. ________________ 'One of the best economics books I have ever read - and an instant classic in behavioral economics.' Cass R. Sunstein, Robert Walmsley University Professor, Harvard University, and New York Times bestselling co-author of Nudge 'Thought-provoking and engaging. A must-read.' Daron Acemoglu, Institute Professor at MIT and co-author of Why Nations Fail and The Narrow Corridor.

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DISCOVERY - 48 GODZIN Z BEAREM GRYLLSEM (2DVD) (Płyta DVD)

Książki & Multimedia > Filmy Video

Opis - Bear Grylls, ekspert w dziedzinie sztuki przetrwania i niekwestionowana gwiazda Discovery Channel powraca do akcji - tym razem w towarzystwie

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