Economie

A galaxy of distinguished international economists and historians pit economic history against the shaky assumptions of the classical economic theory of natural growth. Their explanations consider the factors of technology, entrepreneurialism, and paths to economic growth, but each reflects an ideological wave of explanation that has marked the last two hundred years.

Why was the European Monetary System in 1992-93 swept by waves of disruptive speculative attacks? And what lessons emerged from that episode as regards the future of the European Monetary Union? This book provides a comprehensive assessment of the causes and implications of the 1992-93 crisis of the exchange rate mechanism. Cogent factual presentation, original theoretical analysis, and an interpretation rooted in theory, make this treatment by three leading economists essential reading to understand the process toward economic and political integration in Europe.

With customary clarity, eloquence, and humor, Harvard economist John Kenneth Galbraith gets at the heart of what economic security means in The Affluent Society. Warning against individual and societal complacence about economic inequity, he offers an economic model for investing in public wealth that challenges “conventional wisdom” (a phrase he coined that has since entered our vernacular) about the long-term value of a production-based economy and the true nature of poverty. Both politically divisive and remarkably prescient, The Affluent Society is as relevant today on the question of wealth in America as it was in 1958

Ben Bernanke's history of the Federal Reserve and its response to the 2008 financial crisis

In 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, gave a series of lectures about the Federal Reserve and the 2008 financial crisis, as part of a course at George Washington University on the role of the Federal Reserve in the economy. In this unusual event, Bernanke revealed important background and insights into the central bank's crucial actions during the worst financial crisis since the Great Depression. Taken directly from these historic talks, The Federal Reserve and the Financial Crisis offers insight into the guiding principles behind the Fed's activities and the lessons to be learned from its handling of recent economic challenges.

Bernanke traces the origins of the Federal Reserve, from its inception in 1914 through the Second World War, and he looks at the Fed post-1945, when it began operating independently from other governmental departments such as the Treasury. During this time the Fed grappled with episodes of high inflation, finally tamed by then-chairman Paul Volcker. Bernanke also explores the period under his predecessor, Alan Greenspan, known as the Great Moderation. Bernanke then delves into the Fed's reaction to the recent financial crisis, focusing on the central bank's role as the lender of last resort and discussing efforts that injected liquidity into the banking system. Bernanke points out that monetary policies alone cannot revive the economy, and he describes ongoing structural and regulatory problems that need to be addressed.

Providing first-hand knowledge of how problems in the financial system were handled, The Federal Reserve and the Financial Crisis will long be studied by those interested in this critical moment in history.

Andrew Ross Sorkin delivers the first true behind-the-scenes, moment-by-moment account of how the greatest financial crisis since the Great Depression developed into a global tsunami. From inside the corner office at Lehman Brothers to secret meetings in South Korea, and the corridors of Washington, Too Big to Fail is the definitive story of the most powerful men and women in finance and politics grappling with success and failure, ego and greed, and, ultimately, the fate of the world's economy.

The recent financial crisis shook not only the global economy but also conventional wisdom about economic policy. After the collapse of Lehman Brothers in September 2008, policy makers reversed course and acted on an unprecedented scale. The policy response was remarkable both for its magnitude and for the variety of measures undertaken. This book examines both the major role central banks played in the crisis and the role they might play in preventing or preparing for future crises.

The contributors, central bankers from around the world, focus on monetary policy, the new area of macroprudential policy, and issues of exchange rates, capital flows, and banking and financial markets. They look at the experiences of both developed and emerging economies, considering why some, including Israel and Australia, suffered only mild effects while others--Ireland for example--plunged into severe financial crisis.

How America's high standard of living came to be and why future growth is under threat.

In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Gordon contends that the nation's productivity growth will be further held back by the headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government, and that we must find new solutions. A critical voice in the most pressing debates of our time, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come.

Since the beginning of the New Deal, American liberals have insisted that the government must do more--much more--to help the poor, to increase economic security, to promote social justice and solidarity, to reduce inequality, and to mitigate the harshness of capitalism. Nonetheless, liberals have never answered, or even acknowledged, the corresponding question: What would be the size and nature of a welfare state that was not contemptibly austere, that did not urgently need new programs, bigger budgets, and a broader mandate? Even though the federal government's outlays have doubled every eighteen years since 1940, liberal rhetoric is always addressed to a nation trapped in Groundhog Day, where every year is 1932, and none of the existing welfare state programs that spend tens of billions of dollars matter, or even exist.

Never Enough explores the roots and consequences of liberals' aphasia about the welfare state's ultimate size. It assesses what liberalism's lack of a limiting principle says about the long-running argument between liberals and conservatives, and about the policy choices confronting America in a new century. Never Enough argues that the failure to speak clearly and candidly about the welfare state's limits has grave policy consequences. The worst result, however, is the way it has jeopardized the experiment in self-government by encouraging Americans to regard their government as a vehicle for exploiting their fellow-citizens, rather than as a compact for respecting one another's rights and safeguarding the opportunities of future generations.

Most people become rich by spotting opportunities, pioneering new technologies, or besting opponents in negotiations. Fugger did all that, but he had an extra quality that allowed him to rise even higher: nerve. In an era when kings had unlimited power, Fugger had the nerve to stare down heads of state and ask them to pay back their loans—with interest. It was this coolness and self-assurance, along with his inexhaustible ambition, that made him not only the richest man ever, but a force of history as well. Before Fugger came along it was illegal under church law to charge interest on loans, but he got the Pope to change that. He also helped trigger the Reformation and likely funded Magellan’s circumnavigation of the globe. His creation of a news service, which gave him an information edge over his rivals and customers, earned Fugger a footnote in the history of journalism. And he took Austria’s Habsburg family from being second-tier sovereigns to rulers of the first empire where the sun never set.

The ultimate untold story, The Richest Man Who Ever Lived is more than a tale about the richest and most influential businessman of all time. It is a story about palace intrigue, knights in battle, family tragedy and triumph, and a violent clash between the 1 percent and everybody else. To understand our financial system and how we got it, it pays to understand Jacob Fugger.

In this accessible book, Gavin Kennedy takes a fresh look at Adam Smith's moral philosophy and its links to his political economy and his lectures on Jurisprudence. The book provides a new analysis of Wealth of Nations , and argues that Adam Smith's intellectual legacy was completely transformed in the Nineteenth and Twentieth centuries by economists pursuing different agendas, to create ideas and policies that Smith did not advocate. It also provides a new explanation for the main mysteries about Smith's later life.

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.

From the bestselling author of 'An English Affair', a dazzlingly original thematic biography which throws fresh light on the greatest economist of the twentieth century.

Amartya Sen argues that most of the conflicts in the contemporary world arise from individuals' notions of who they are, and which groups they belong to - local, national, religious - which define themselves in opposition to others.

For a long time guilds have been condemned as a major obstacle to economic progress in the pre-industrial era. This re-examination of the role of guilds in the early modern European economy challenges that view by taking into account fresh research on innovation, technological change and entrepreneurship. Leading economic historians argue that industry before the Industrial Revolution was much more innovative than previous studies have allowed for and explore the different products and production techniques that were launched and developed in this period. Much of this innovation was fostered by the craft guilds that formed the backbone of industrial production before the rise of the steam engine. The book traces the manifold ways in which guilds in a variety of industries in Italy, Austria, Germany, Switzerland, France, Belgium, the Netherlands, and Britain helped to create an institutional environment conducive to technological and marketing innovations.

A global view of the demographic and economic development of mankind.

Summary: Aan het eind van zijn loopbaan raakt Bert Heemskerk als topman van de Rabobank verzeild in de heftigste crisis in de financiële wereld sinds mensenheugenis. De opmerkelijke gebeurtenissen die wereldwijd plaatsvonden tussen medio 2007 en nu hebben Heemskerk, die in juni 2009 met pensioen gaat, geïnspireerd tot het schrijven van dit boek. In "Een gezonde krimp" schetst hij zijn persoonlijke visie op hoe het zover heeft kunnen komen. Waar kwamen al die zeepbellen opeens vandaan? Hebben de toezichthouders zitten slapen? Waren de bankiers nou echt zo onschuldig? En wie hebben er verder nog een rol gespeeld? Heemskerk blikt ook vooruit.De financiële wereld krijgt met deze crisis namelijk ook een geweldige kans. De kans om beter en duurzamer uit de puinhoop te herrijzen en weer een solide steunpilaar te worden voor toekomstige economische ontwikkelingen. Maar hoe moet dat worden aangepakt? Voor het eerst geeft een topman uit de Nederlandse bankwereld zijn visie op de gang van zaken.

Thomas Sowell's indispensable examination of the most popular economic fallacies
In Economic Facts and Fallacies, Thomas Sowell exposes some of the most popular fallacies about economic issues in a lively manner that does not require any prior knowledge of economics. These fallacies include many beliefs widely disseminated in the media and by politicians, such as fallacies about urban problems, income differences, male-female economic differences, as well as economic fallacies about academia, about race, and about Third World countries.
Sowell shows that fallacies are not simply crazy ideas but in fact have a certain plausibility that gives them their staying power--and makes careful examination of their flaws both necessary and important.

Visie van een wiskundige op het beleggen in aandelen.

Thomas J Watson Sr's motto for IBM was THINK, and for more than a century, that one little word worked overtime. In Making the World Work Better: The Ideas That Shaped a Century and a Company , journalists Kevin Maney, Steve Hamm, and Jeffrey M. O'Brien mark the Centennial of IBM's founding by examining how IBM has distinctly contributed to the evolution of technology and the modern corporation over the past 100 years.

The authors offer a fresh analysis through interviews of many key figures, chronicling the Nobel Prize-winning work of the company's research laboratories and uncovering rich archival material, including hundreds of vintage photographs and drawings. The book recounts the company's missteps, as well as its successes. It captures moments of high drama - from the bet-the-business gamble on the legendary System/360 in the 1960s to the turnaround from the company's near-death experience in the early 1990s.

The authors have shaped a narrative of discoveries, struggles, individual insights and lasting impact on technology, business and society. Taken together, their essays reveal a distinctive mindset and organizational culture, animated by a deeply held commitment to the hard work of progress. IBM engineers and scientists invented many of the building blocks of modern information technology, including the memory chip, the disk drive, the scanning tunneling microscope (essential to nanotechnology) and even new fields of mathematics. IBM brought the punch-card tabulator, the mainframe and the personal computer into the mainstream of business and modern life. IBM was the first large American company to pay all employees salaries rather than hourly wages, an early champion of hiring women and minorities and a pioneer of new approaches to doing business--with its model of the globally integrated enterprise. And it has had a lasting impact on the course of society from enabling the US Social Security System, to the space program, to airline reservations, modern banking and retail, to many of the ways our world today works.

The lessons for all businesses - indeed, all institutions - are powerful: To survive and succeed over a long period, you have to anticipate change and to be willing and able to continually transform. But while change happens, progress is deliberate. IBM - deliberately led by a pioneering culture and grounded in a set of core ideas - came into being, grew, thrived, nearly died, transformed itself... and is now charting a new path forward for its second century toward a perhaps surprising future on a planetary scale.

Macro-economische visie op een toekomst waarin welvaart niet hoeft samen te hangen met economische groei.

Bestaat er nog ongerepte natuur in Nederland? Landschappen met woeste gronden, ondoordringbare bossen, gevaarlijke moerasgebieden, getijdenstromen, kliffen, ongetemde stranden en wolfskuilen? Kunnen we naar ons land kijken vanuit het perspectief van de wildernis? Nederland is door mensenhand gemaakt. Toch telt het land plekken waar de wildernis heerst, waar de roep van de natuur klinkt. Kester Freriks doorkruiste het land op zoek naar de wilde weelde van het ongerepte, en hij vond die op onverwachte plekken. Behalve het woeste landschap vormen oude land- en waterkaarten zijn inspiratiebronnen. Vele hiervan zijn in dit boek afgebeeld. Jan W.H. Werner, conservator van de kaartencollectie van de Universiteit van Amsterdam, behandelt in vogelvlucht de geschiedenis van de cartografie in Nederland. Het resultaat is een reisverslag en een liefdesverklaring. "Verborgen wildernis" is een pleidooi voor het behoud van het kostbaarste bezit van ons land: de vrije, wilde natuur, al denken we dat die getemd is.

In this real-life political thriller, former Finance Minister George Papaconstantinou tells the inside story of the six years during which the Greek drama changed Europe and riveted the world. It is the story of a country forced by past mistakes into unprecedented actions with enormously painful consequences. A story about the people who shaped events by trying to respond to rapidly evolving circumstances often beyond their control. About decisions - good and bad, right and wrong - taken in official and behind-the-scenes gatherings in Brussels, Berlin, Frankfurt, Paris, London, New York, Washington and Athens; in Luxembourg châteaux courtyards, Davos kitchens and Bilderberg gatherings; in elegant offices and dreary basement meetings rooms.

The story begins in October 2009 in Athens, when after a landslide victory, the new government shocks the world by announcing a fiscal deficit of an alarming size, until then kept secret. The "accident waiting to happen" since the launch of the Euro is finally here - but there are no contingency plans to deal with it, and the systemic nature of the crisis is initially not fully appreciated. When a bailout mechanism is finally put together, it fails to convince markets that the Eurozone will do whatever it takes to prevent the bankruptcy of one of its members. The bluff is called, and Greece is forced to apply in May 2010 for a massive loan from the Eurozone and the IMF, and accept a harsh austerity program. As the first loan installment arrives one day before the country declares default, the first wage and pension cuts produce riots and social unrest which leave three people dead.

But the crisis is not over - it mutates. Delays in recognizing the problem and mistakes in the way it is dealt with end up opening the gates of hell for the entire Eurozone. Ireland is forced into a bailout - Portugal follows. And in Greece, the initial good program results are soon swept away by the concern in international markets that Greece might exit the Eurozone. Meanwhile the continuing austerity leads to an ever-deeper recession, rapidly rising unemployment, increasing social tensions, and real suffering.

Six years down the road since the crisis erupted, Greece is in its third bailout, still in a severe social and economic crisis, and there are so many questions. Were other solutions available? Should Greece have threatened to default in order to get a better deal? Should there have been debt relief from the beginning? Would Greece have been better off if it had left the Euro? Has Greece saved the Euro but not itself? The book addresses these questions with the eye of someone at the heart of decision-making during the crisis.

This is the breath-taking story of an incredible period, told for the first time not by an outside observer, but by one of its protagonists.

The fateful span of Japan's modern history, in which it has undergone as dramatic a transformation as any country has known.

Who makes most money from the demand for cappuccinos early in the morning at Waterloo Station? Why is it impossible to get a foot on the property ladder? How does the Mafia make money from laundries when street gangs pushing drugs don't? Who really benefits from immigration? How can China, in just fifty years, go from the world's worst famine to one of the greatest economic revolutions of all time, lifting a million people out of poverty a month?

Looking at familiar situations in unfamiliar ways, THE UNDERCOVER ECONOMIST is a fresh explanation of the fundamental principles of the modern economy, illuminated by examples from the streets of London to the booming skyscrapers of Shanghai to the sleepy canals of Bruges. Leaving behind textbook jargon and equations, Tim Harford will reveal the games of signals and negotiations, contests of strength and battles of wit that drive not only the economy at large but the everyday choices we make.

Nancy McKinstry, bestuursvoorzitter van informatieleverancier Wolters Kluwer, over de razendsnelle technologische veranderingen, de daaruit voortvloeiende ethische vraagstukken en het belang van diversiteit en inclusiviteit voor ondernemingen als Wolters Kluwer.00Dit boek bevat de Nederlandse vertaling plus het Engelse origineel - uitgebreid en geannoteerd - van de vijfde EW Economie-lezing die de bestuursvoorzitter van informatieleverancier Wolters Kluwer Nancy McKinstry donderdagavond 10 maart 2022 heeft uitgesproken in debatcentrum De Rode Hoed in Amsterdam.00De Amerikaanse McKinstry (63) is sinds september 2003 CEO en voorzitter van de raad van bestuur van informatieleverancier Wolters Kluwer. Toonaangevende media hebben haar herhaaldelijk een van de machtigste vrouwen in het bedrijfsleven genoemd. Ze staat op de lijst van Fortune International?s Most Powerful Women in Business en is opgenomen in HBR?s 2019-lijst van ?de meest effectieve CEO?s van de wereld?.00In de jaarlijkse EW Economie-lezing geven ondernemers, bestuurders van bedrijven en economen hun visie op ontwikkelingen in de samenleving. De EW Economie-lezing is eerder uitgesproken door Ben van Beurden (Shell), Pieter Elbers (KLM), Frans van Houten (Philips) en Jacco Vonhof (MKB-Nederland). Nancy McKinstry vertegenwoordigt bij dit eerste lustrum een dubbele primeur: zij is de eerste vrouw én de eerste niet-Nederlander die de EW Economie-lezing verzorgt.0.

"Failed states" Chomsky writes, are those "that do not protect their citizens from violence and perhaps even destruction, that regard themselves as beyond the reach of domestic or international law, and that suffer from a 'democratic deficit,' having democratic forms but with limited substance." Exploring recent U.S. foreign and domestic policies, Chomsky assesses Washington's escalation of the nuclear risk, the dangerous consequences of the occupation of Iraq; and America's self-exemption from international law. He also examines an American electoral system that frustrates genuine political alternatives, thus impeding any meaningful democracy.

There has been much talk about family values in recent years, but little examination of the economic forces that are exploding family life and limiting the caregiving that families can provide. As Folbre points out in her provocative and insightful new book, every society must confront the problem of balancing self-interested pursuits with care for others--including children, the elderly, and the infirm. Historically, most societies enjoyed an increased supply of care by maintaining strict limits on women's freedom. But as these limits happily and inevitably give way, there are many consequences for those who still need care.

Using the image of "the invisible heart" to evoke the forces of compassion that must temper the forces of self-interest, Folbre argues that if we don't establish a new set of rules defining our mutual responsibilities for caregiving, the penalties suffered by the needy--our very families--will increase. Intensified economic competition may drive altruism and families out of business.

A leading feminist economist, Nancy Folbre writes in a lively, personal style--Molly Ivins cheek-to-cheek with John Kenneth Galbraith--and develops a distinctive approach to the economics of care. Unlike others who praise family values, Folbre acknowledges the complicated relationship between women and altruism. Her book offers new interpretations of such policy issues as welfare reform, school finance, and progressive taxation, and it confronts the challenges of globalization, outlining strategies for developing an economic system that rewards both individual achievement and care for others.

In February of 2008, amid the looming global financial crisis, President Nicolas Sarkozy of France asked Nobel Prize-winning economists Joseph Stiglitz and Amartya Sen, along with the distinguished French economist Jean Paul Fitoussi, to establish a commission of leading economists to study whether Gross Domestic Product (GDP)--the most widely used measure of economic activity--is a reliable indicator of economic and social progress. The Commission was given the further task of laying out an agenda for developing better measures.

Mismeasuring Our Lives is the result of this major intellectual effort, one with pressing relevance for anyone engaged in assessing how and whether our economy is serving the needs of our society. The authors offer a sweeping assessment of the limits of GDP as a measurement of the well-being of societies--considering, for example, how GDP overlooks economic inequality (with the result that most people can be worse off even though average income is increasing); and does not factor environmental impacts into economic decisions.

In place of GDP, Mismeasuring Our Lives introduces a bold new array of concepts, from sustainable measures of economic welfare, to measures of savings and wealth, to a "green GDP." At a time when policymakers worldwide are grappling with unprecedented global financial and environmental issues, here is an essential guide to measuring the things that matter.

In this revolutionary, acclaimed book, bestselling economist Tim Harford introduced us to a selection of fifty radical inventions that changed the world.

Now Harford once again brings us an array of remarkable, memorable, curious and often unexpected things, inventions, that teach us lessons by turns intimate and sweeping about the complex world economy we live in today. From the brick, blockchain and the bicycle to fire, the factory and fundraising, and from solar PV and the pencil to the postage stamp, this brilliant and enlightening collection resonates, fascinates and stimulates. It is a wonderful blend of insight and inspiration from one of Britain's finest non-fiction storytellers.