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Free Market Fairness

by John Tomasi

Can libertarians care about social justice? In Free Market Fairness, John Tomasi argues that they can and should. Drawing simultaneously on moral insights from defenders of economic liberty such as F. A. Hayek...


Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being

by George A. Akerlof & Rachel E. Kranton

Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities--and not just economic incentives--influence our decisions. In 1995, economist Rachel...


The Forgotten Man

by Amity Shlaes

In The Forgotten Man, Amity Shlaes, one of the nation's most-respected economic commentators, offers a striking reinterpretation of the Great Depression. She traces the mounting agony of the New Dealers and...


Sacred Economics: Money, Gift, and Society in the Age of Transition

by Charles Eisenstein

Sacred Economics traces the history of money from ancient gift economies to modern capitalism, revealing how the money system has contributed to alienation, competition, and scarcity, destroyed community, and...


Adam Smith's the Wealth of Nations: A Modern-Day Interpretation of an Economic Classic

by Karen McCreadie

"Adam Smith's The Wealth of Nations" was the first comprehensive treatment of political economy. Published in 1776, "The Wealth of Nations" was originally released for a very specific audience; the British Parliament,...


Economics After the Crisis: An Introduction to Economics from a Pluralist and Global Perspective: An Introduction to Economics from a Pluralist and Gl

by Irene van Staveren

Economics After the Crisis is an introductory economics textbook, covering key topics in micro and macro economics. However, this book differs from other introductory economics textbooks in the perspective it...


Austrian Economics Re-examined: The Economics of Time and Ignorance: The Economics of Time and Ignorance

by Gerald P O'Driscoll Jr & Mario Rizzo

Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism,...


The European Union and Supranational Political Economy

by Riccardo Fiorentini & Guido Montani

The financial crisis - originated in 2008 in the United States - had a dramatic impact on the world economy. The European Union was immediately involved, but its reaction to the crisis was clearly inadequate....


Macroeconomic Policies in Indonesia since the Asian Financial Crisis of 1997: Indonesia economy since the Asian financial crisis of 1997

by Anwar Nasution

This book gives insight on the dynamics and route of economic policies that have been taken and implemented since the point of institutional reforms in 1998 that were triggered from the context of the financial...


The Econosphere: What Makes the Economy Really Work, How to Protect It, and Maximize Your Opportunity for Financial Prosperity,

by Craig Thomas

“For an engaging, insightful, and somewhat quirky take on how our economy works, The Econosphere is a must read. Craig Thomas does a masterful job of explaining basic economic fundamentals so that anyone...


Why we can't afford the rich

by Andrew Sayer

Why we can't afford the rich exposes the unjust and dysfunctional mechanisms that allow the top 1% to siphon off wealth produced by others, through the control of property and money. Andrew Sayer shows how the...


Economic Growth and Sustainability: Systems Thinking for a Complex World

by Karen L. Higgins

How to sustain our world for future generations has perplexed us for centuries. We have reached a crossroads: we may choose the rocky path of responsibility or continue on the paved road of excess that promises...


Public Employment and Compensation Reform During Times of Fiscal Consolidation

by Lorenzo Forni & Natalija Novta

This paper compiles and compares recent and past measures introduced to contain the public wage bill in a number of emerging and advanced economies to assess their effectiveness in bringing down expenditure...


The Impact of the Global Financial Crisis on Banking Globalization

by Stijn Claessens & Neeltje van Horen

Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownership database from 1995-2009 up to 2013 shows only limited retrenchment in foreign bank presence. While banks from...


Unconventional Monetary Policy and Long-Term Interest Rates

by Tao Wu

This paper examines the transmission mechanism through which unconventional monetary policy affects long-term interest rates. I construct a real-time measure summarizing market projections of the magnitude and...


Gross Private Capital Flows to Emerging Markets : Can the Global Financial Cycle Be Tamed?

by Erlend Nier & Tahsin Saadi Sedik

This paper assesses empirically the key drivers of private capital flows to a large sample of emerging market economies in the last decade. It analyzes the effect of the global financial cycle, measured by the...


Designing a Fiscal Framework for a Prospective Commodity Producer: Options for Lebanon

by Mariusz Jarmuzek & Diego Mesa Puyo

Lebanon is expected to have gas resources in its Mediterranean basin, and these could turn the country into a natural gas producer over the next decade. Lebanon's economy and institutions will thus need to adapt...


Official Financial Flows, Capital Mobility, and Global Imbalances

by Tamim Bayoumi & Joseph E. Gagnon

We use a cross-country panel framework to analyze the effect of net official flows (chiefly foreign exchange intervention) on current accounts. We find that net official flows have a large but plausible effect...


Financial Frictions and Sources of Business Cycle

by Marzie Taheri Sanjani

This paper estimates a New Keynesian DSGE model with an explicit financial intermediary sector. Having measures of financial stress, such as the spread between lending and borrowing, enables the model to capture...


Global Risks and Collective Action Failures: What Can the International Community Do?

by Inci Otker-Robe

Abstract What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and...