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    Day of Empire

    Day of Empire

    In a little over two centuries, America has grown from a regional power to a superpower, and to what is today called a hyperpower. But can America retain its position as the world’s dominant power, or has it already begun to decline?

    Historians have debated the rise and fall of empires for centuries. To date, however, no one has studied the far rarer phenomenon of hyperpowers—those few societies that amassed such extraordinary military and economic might that they essentially dominated the world.
    Now, in this sweeping history of globally dominant empires, bestselling author Amy Chua explains how hyperpowers rise and why they fall. In a series of brilliantly focused chapters, Chua examines history’s hyperpowers—Persia, Rome, Tang China, the Mongols, the Dutch, the British, and the United States—and reveals the reasons behind their success, as well as the roots of their ultimate demise.
    Chua’s unprecedented study reveals a fascinating historical pattern. For all their differences, she argues, every one of these world-dominant powers was, at least by the standards of its time, extraordinarily pluralistic and tolerant. Each one succeeded by harnessing the skills and energies of individuals from very different backgrounds, and by attracting and exploiting highly talented groups that were excluded in other societies. Thus Rome allowed Africans, Spaniards, and Gauls alike to rise to the highest echelons of power, while the “barbarian” Mongols conquered their vast domains only because they practiced an ethnic and religious tolerance unheard of in their time. In contrast,

    Nazi Germany and imperial Japan, while wielding great power, failed to attain global dominance as a direct result of their racial and religious intolerance.
    But Chua also uncovers a great historical irony: in virtually every instance, multicultural tolerance eventually sowed the seeds of decline, and diversity became a liability, triggering conflict, hatred, and violence.
    The United States is the quintessential example of a power that rose to global dominance through tolerance and diversity. The secret to America’s success has always been its unsurpassed ability to attract enterprising immigrants. Today, however, concerns about outsourcing and uncontrolled illegal immigration are producing a backlash against our tradition of cultural openness. Has America finally reached a “tipping point”? Have we gone too far in the direction of diversity and tolerance to maintain cohesion and unity? Will we be overtaken by rising powers like China, the EU or even India?
    Chua shows why American power may have already exceeded its limits and why it may be in our interest to retreat from our go-it-alone approach and promote a new multilateralism in both domestic and foreign affairs.

    Amy Chua ;

    € 14,50

    Currencies After the...

    Currencies After the Crash: The Uncertain Future of the Global Paper-Based Currency System

    Engels. Gebonden met omslag, als nieuw

    From the brightest minds in the field—a revealing look at how countries use their currencies to achieve prosperity . . . and the coming repercussions

    Bloomberg Television's Sara Eisen sheds light on the complex global financial system through this illuminating collection of essays. She hand selected the crème de la crème of authors from the world's most prestigious academic institutions and esteemed professional organizations to share--for the first time in print-- their observations and deductions on the topics that matter most to you and your future wealth, including:

    THE RELATIONSHIP BETWEEN CURRENCIES AND FINANCIAL CRISES
    THE FLAWS WITHIN THE INTERNATIONAL EXCHANGE RATE SYSTEM AND THEIR CONSEQUENCES
    HOW EMERGING MARKETS FIT INTO THE CURRENT AND FUTURE EXCHANGE RATE FRAMEWORK
    THE IMPACT EXCHANGE RATES HAVE ON FREE TRADE AND ECONOMIC GROWTH
    WHAT DEFINES A "SAFE HAVEN" CURRENCY AND ITS ROLE
    POTENTIAL SOLUTIONS TO THE CURRENT ECONOMIC PROBLEMS

    "Today's fiat currency system is based upon trust among market participants, politicians, and central bankers--and that trust is assembled around the reserve currency that enjoys an exorbitant privilege. The reserve status is in doubt in a post financial crisis era but alternatives are lacking. . . . This book is a great guide on how the global currency system is morphing into a potential new standard, but not without the necessary volatility." -- Ben Emons, Senior Vice President, Portfolio Manager, PIMCO


    Sara Eisen ;

    € 18,50

    In the Wake of the Crisis

    In the Wake of the Crisis

    Engels. Gebonden met stofomslag, in goede staat

    In 2011, the International Monetary Fund invited prominent economists and economic policy makers to consider the brave new world of the post-crisis global economy. The result is a book that captures the state of macroeconomic thinking at a transformational moment. The crisis and the weak recovery that has followed raise fundamental questions concerning macroeconomics and economic policy. For instance, to what extent are financial markets efficient and self-correcting? How crucial is low and stable inflation for growth and the real stability of the economy? How strong is the case for open capital markets? Too often, the standard models provided insufficient guidance on how to respond to the unprecedented situations created by the crisis. As a result, policy makers have been forced to improvise. What to do when interest rates reach the zero floor? How best to provide liquidity to segmented financial institutions and markets? How much to use fiscal policy starting from high levels of debt? These top economists discuss future directions for monetary policy, fiscal policy, financial regulation, capital account management, growth strategies, and the international monetary system, and the economic models that should underpin thinking about critical policy choices. Among the new realities they consider are the swing of the pendulum toward regulation; the need for new theoretical approaches, incorporating advances in agency theory, behavioral economics, and understanding of credit markets and finance based on theories of imperfect information; and the importance for macroeconomic policy to target not just inflation but also output and financial stability. This title is copublished with The MIT Press. For more information, please visit www.mitpress.mit.edu.

    International Monetary Fund ;

    € 14,50

    The Conquest of...

    The Conquest of American Inflation

    Engels. Gebonden met omslag, als nieuw

    In the past fifteen years, inflation has been conquered by many advanced countries. History reveals, however, that it has been conquered before and returned. In The Conquest of American Inflation, Thomas J. Sargent presents a groundbreaking analysis of the rise and fall of U.S. inflation after 1960. He examines two broad explanations for the behavior of inflation and unemployment in this period: the natural-rate hypothesis joined to the Lucas critique and a more traditional econometric policy evaluation modified to include adaptive expectations and learning. His purpose is not only to determine which is the better account, but also to codify for the benefit of the next generation the economic forces that cause inflation.

    Sargent begins with an explanation of how American policymakers increased inflation in the early 1960s by following erroneous assumptions about the exploitability of the Phillips curve--the inverse relationship between inflation and unemployment. In subsequent chapters, he connects a sequence of ideas--self-confirming equilibria, least-squares and other adaptive or recursive learning algorithms, convergence of least-squares learners with self-confirming equilibria, and recurrent dynamics along escape routes from self-confirming equilibria. Sargent synthesizes results from macroeconomics, game theory, control theory, and other fields to extend both adaptive expectations and rational expectations theory, and he compellingly describes postwar inflation in terms of drifting coefficients. He interprets his results in favor of adaptive expectations as the relevant mechanism affecting inflation policy.

    Providing an original methodological link between theoretical and policy economics, this book will engender much debate and become an indispensable text for academics, graduate students, and professional economists.

    Thomas J. Sargent ;

    € 24,50

    Hypocrites and Half-Wits

    Hypocrites and Half-Wits

    Engels. Gebonden met omslag, als nieuw

    Each day, Donald Boudreaux, professor of economics at George Mason University, writes a letter to the editor of a major American publication. Often, he writes in response to an absurdity offered up by a columnist or politician, or an eye-catching factoid misleadingly taken out of context. This collection, comprised of one hundred of Boudreaux's best letters, provides intelligent, witty rejoinders to questions like these:

    - Are taxes "really just prices"? (New York Times)
    - Does the Tea Party suffer from a "fatuous infatuation" with the Constitution? (Washington Post)
    - Is it "obvious" that "if there are fewer guns, there are fewer shootings and fewer funerals" (New Orleans Times-Picayune)
    - Has "slowing population growth" proven to be "critical to long-term economic growth"? (Wall Street Journal)

    Without swearing allegiance to any party or ideology, Boudreaux takes aim at pundits and politicos on the left, right, and everywhere between. He tackles issues ranging from "lookism" in the office and the futility of border walls to naive faith in alternative energy and the all-too-common tendency to trust a fallible and ever-expanding government.

    Half-truths and Hypocrites won't change the deeply held convictions of readers. But it will entertain them, enlighten them, and sharpen their eye for shaky facts, faulty reasoning, and intellectual dishonesty--all of which are threats to a free, prosperous country.

    Donald J. Boudreaux ;

    € 18,50

    Liar's Poker

    Liar's Poker

    Engelstalige paperback, in zeer goede staat

    This bestselling and hilarious book blew the doors off Wall Street's boardrooms and introduced the world to the writing of Michael Lewis. In this shrewd and wickedly funny book, Michael Lewis describes an astonishing era and his own rake's progress through a powerful investment bank. From an unlikely beginning (art history at Princeton?) he rose in two short years from Salomon Brothers trainee to Geek (the lowest form of life on the trading floor) to Big Swinging Dick, the most dangerous beast in the jungle, a bond salesman who could turn over millions of dollars' worth of doubtful bonds with just one call. With the eye and ear of a born storyteller, Michael Lewis shows us how things really worked on Wall Street. In the Salomon training program a roomful of aspirants is stunned speechless by the vitriolic profanity of the Human Piranha; out on the trading floor, bond traders throw telephones at the heads of underlings and Salomon chairman Gutfreund challenges his chief trader to a hand of liar's poker for one million dollars; around the world in London, Tokyo, and New York, bright young men like Michael Lewis, connected by telephones and computer terminals, swap gross jokes and find retail buyers for the staggering debt of individual companies or whole countries. The bond traders, wearing greed and ambition and badges of honor, might well have swaggered straight from the pages of Bonfire of the Vanities. But for all their outrageous behavior, they were in fact presiding over enormous changes in the world economy. Lewis's job, simply described, was to transfer money, in the form of bonds, from those outside America who saved to those inside America who consumed. In doing so, he generated tens of millions of dollars for Salomon Brothers, and earned for himself a ringside seat on the greatest financial spectacle of the decade: the leveraging of America. - Publisher.

    Michael Lewis ;

    € 7,50
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