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Barnes L: Popular Austerity

Popular Austerity

Public Opinion and the Politics of Fiscal Balance

Sustainability and the Future of International Trade challenges the conventional wisdom that free trade is universally beneficial and that today's trading system operates on the comparative advantages of countries. The author demonstrates through the role of regulatory variance across four domains (labour, environment, climate, and taxation) that international trade is more often explained by the absolute or ownership advantages of multinational firms, which exploit regulatory differences across countries. In a world where multinational firms orchestrate approximately 80% of international trade, the main benefit is not the physical movement of goods, but rather how production is organized and transferred through knowledge flows in the international trading system. The main challenge therefore is the market power of these same firms - a power that remains largely unregulated outside the European Union.The book explains why existing trade institutions combined with low standards in emerging economies now frequently undermine sustainability and why small, incremental adjustments within the current framework will be insufficient. The author argues that regulatory divergence drives vicious circles of lowering standards in the four domains, leading to a race-to-the-bottom including carbon leakage. The latter contributes significantly to the climate crisis while creating detrimental health impacts on less developed countries. After presenting the main actors of the system, the multinational firm, the nation state, the European Union, the WTO and the ILO, the author discusses and weighs the pros and cons of different trade political instruments, both traditional and more modern, in terms of achieving sustainable trade.The book offers an integrated analytical and policy framework, with clear relevance for academics, researchers and policymakers concerned with global public goods, climate change, and trade governance.

Confronting the Triple Crisis of Inequality, Security and Climate

Sustainability and the Future of International Trade

Handbooks in Economics

Handbook of the Economics of Identity: Volume 1

Yale Program on Financial Stability Series

A critical examination of the Federal Reserve-told by the policymakers, economists, and observers who know it bestThe Federal Reserve is one of the most powerful institutions in the world-and one of the least understood. Drawing on twenty-one interviews with former governors, reserve bank presidents, staff economists, lawmakers, journalists, scholars, international central bankers, and investors, Fed Reckoning explores how the institution has navigated the defining upheavals of the modern era: the global financial crisis, the pandemic shock, the post-2021 inflation surge, and the banking turmoil of 2023. It traces the modern Federal Reserve from Volcker to Powell, examining its evolving approach to the dual mandate, financial stability, regulation and supervision, and communication.Just as importantly, these interviews reveal the people behind the institution: their judgments, disagreements, frustrations, and sense of mission. The result is a candid, deeply informed portrait of the Federal Reserve at a moment when its power is immense, its independence is under pressure, and its future path is far from certain-and essential reading for anyone seeking to understand how it makes and defends its decisions.

Conversations on America’s Central Bank

Fed Reckoning

What if the biggest obstacle to solving our problems is nothing more than a failure to believe that we can?Rick Caruso has spent his life stepping optimistically into places where other people see no way forward by asking a deceptively simple question: What can we do to make this better? From his appointment as Commissioner to the Los Angeles Department of Water and Power and later the City's troubled Police Department, to the creation of his bold and innovative real estate ventures including L.A.'s world-renowned retail center The Grove, Caruso built a reputation for finding steadfast solutions even in the face of staunch adversity. By employing the great teachers of experience and curiosity, he continues to do what he can to improve Los Angeles, the city he loves, and in Breaking New Ground, he shares lessons learned along the way--while offering us all a path forward to a better future.Again and again, Caruso discovered that breakthroughs rarely come from knowing everything at the outset. They come from asking better questions, bringing the right people into the room, listening without ego, separating ideology from reality, and refusing to give up until workable solutions emerge. Ultimately, they require a steadfast dedication to the belief that there is always a solution and that defeat is not an option.Breaking New Ground is the story of how his philosophy was forged--from the examples of immigrant grandparents and a father who lost one fortune and built another, to Caruso's own successes, failures, public battles, family life, faith, and unexpected turns through business and government.Caruso is less interested in prescribing a formula for becoming successful than in exploring how successful problem-solvers think: how they distinguish what matters from what merely makes noise; how they balance conviction with compromise; how they recognize when conventional wisdom has stopped working; and how they remain fearless enough to see difficult decisions through.Part memoir, part argument, and part blueprint for action, Breaking New Ground offers a timely proposition for anyone confronting a problem that feels too complicated, entrenched, or divisive to solve.There is always another way forward. Sometimes you simply have to be willing to build it.

The Power of Finding Steadfast Solutions

Breaking New Ground

How apprenticeship shaped the English economy Apprenticeship dominated training and skill formation in early modern Europe. Years spent learning from a skilled master were a nearly universal experience for young workers in crafts and trade. In England, when apprenticeship reached its peak, as many as a third of all teenage males would serve and learn as apprentices. In The Market for Skill, Patrick Wallis shows how apprenticeship helped reshape the English economy. Some historians see apprenticeship as a key ingredient in the industrial revolution; others agree with Adam Smith in seeing it as wasteful and conservative. Wallis shows that neither of these perspectives is entirely accurate. He offers a new account of apprenticeship and the market for skill in England, analyzing the records of hundreds of thousands of individual apprentices to tell the story of how apprenticeship worked and how it contributed to the transformation of England. Wallis details the activities of apprentices and masters, the strategies of ambitious parents, the interventions of guilds and the decisions of town officials. He shows how the system of early modern apprenticeship contributed to the growth of cities, the movement of workers from farms to manufacturing and the spread of new technologies and productive knowledge. In this groundbreaking study, Wallis argues that apprenticeship succeeded precisely because it was a flexible institution which allowed apprentices to change their minds and exit contracts early. Apprenticeship provided a vital channel for training that families could trust and that was accessible to most young people, whatever their background.

Apprenticeship and Economic Growth in Early Modern England

The Market for Skill

Edition Politik

Conflicts and Power Relations in Ecuador's Shrimp Sector

Tides of Extraction

Timely lessons for today's health and climate crises rooted in one of the earliest cases of government's provision for the common goodThe question of whether a government should take care of its people--preparing and investing in public health, welfare, and resilience policies--is arguably more important today than ever, as the world faces unprecedented climate and health crises.Commonwealth's exploration of the Venetian Republic--one of the oldest and most enduring in history--establishes for the first time that this state developed welfare policies not in response to the plague, as is commonly thought, but two centuries earlier. Alexander More reveals that the lawmakers of Venice took advantage of an economic revival to provide free medical assistance for their population. The Republic also inspected and guaranteed the quality and availability of food, water, and medicine, even when sudden climatic changes caused harvests to fail and supply chains to shift.Through original archival research in multiple languages, More shows that the welfare state of the Venetian Republic, which influenced key modern examples, took shape through deliberate efforts to work toward the common good. Readers interested in the history of medicine and public health, food security, welfare, economic history, climate science, and law will benefit from new insights into the origin and nature of commonwealth in society.Georgetown University Press gratefully acknowledges the support of a publishing grant from Furthermore, a program of the J. M. Kaplan Fund.

Public Health, Climate Crises, and the Venetian Origins of the Modern Welfare State

Commonwealth

How have the main traditions of political economy understood the notion of economic and political crisis? To answer this question, Peter Burnham returns to the primary writings of the pre-classical, classical and neoclassical traditions to explore how thinkers from the mercantalists to Habermas and Streeck have theorised the concept of crisis and how these theories can be used to interpret crisis in contemporary capitalism. Political Economy and Crisis provides an accessible and comprehensive exposition of the main traditions of political economy and an assessment of their competing approaches to understanding and defining capitalism. It reveals the extent to which crisis can be viewed as beneficial or problematical, exogenous or endogenous, a crisis in capitalism, or a crisis of capitalism. The notion of the "financialization of capital" and the character of the global economy is particularly explored. This book is suitable for introductory courses on the theoretical foundations of political economy and international political economy as well as broader courses on the history of economic thought and the development of the post-Bretton Woods world economy.

Political Economy and Crisis

The inside story of how Donald Trump sacked and pillaged the U.S. economy.The New York Times's Global Economics Correspondent reveals how Trump has personally profited billions while reducing American business leaders to fawning cronies; burning down the global trade order; undermining faith in the U.S. dollar; eroding the independence of the Federal Reserve; and dismantling regulatory oversight.How did the greatest economy in history devolve into a place where one man claimed the power of a mob boss, determining who wins and who loses, while steering much of the gains to his own family?As 2025 dawned, most American business leaders assumed they could safely ignore the inevitable chaos of Donald Trump's return to the White House. Instead, they have seen their companies shaken by Trump's assault on the global trading system, his attacks on the independence of the Fed, and his menacing of the rule of law itself. He has reduced some of the wealthiest, most powerful people on earth--Jeff Bezos, Jamie Dimon, Jensen Huang--into supplicants seeking his favor.Kiss the Ring tells the story of how Trump adopted the guise of a mob boss, turning the American business world into a protection racket. Wielding tariffs, executive orders, and other armaments of imperial rule, Trump has reconfigured the federal government into an instrument of his personal concerns. He has pulled the levers of authority to enrich himself, his relatives, and his allies while punishing his enemies. And he has done so with the complicity of major business leaders, whose loyalties to shareholders and their own fortunes have outweighed any sense of civic responsibility.Goodman exposes the roles of key people at the center of this extraordinary refashioning of American power: Peter Navarro, Howard Lutnick, Elon Musk, Bezos, and Dimon. It dissects how Trump and his family have personally profited from control of the executive branch. And it explores a fundamental vulnerability for American society as business leaders navigate an inherent conflict between bottom-line concerns and the preservation of democratic norms.Here is how leading executives in a country long celebrated as an exemplar of freedom wound up marching in the parade toward authoritarian rule.

How Trump Cashed In on the Presidency and Shook Down the Global Economy

Kiss the Ring

Public Policy

Global Public Policy Imperatives

For much of the past century, with the U.S. considered the world leader in innovation, its economic growth based on continued creative contributions from its citizens was a given. But this privileged position is under threat. In recent years, the U.S. has lagged behind other countries on several innovation measures, and including an ability to compete against international cities for venture-capital backed startups and creative talent. The arrival of AI only adds urgency to the questions of whether the U.S. will continue to be an innovation leader, and whether that leadership will advance human flourishing. &nbsp;&nbsp;The Creativity Tax draws on neuroscience, psychology, economics, law, and public policy to make the case that reducing poverty and inequality through a federal guaranteed income is the missing key to unlocking our collective creative potential and expanding our innovative capacity. It explains how policy inaction in addressing poverty and inequality is taxing our innovative capacities in ways that threaten our continued ability to produce high quality, socially beneficial innovation. The book also reveals how these questions of innovation leadership are deeply entwined with questions of who gets to innovate in this country and what kinds of innovation is produced—innovation for innovation's sake that benefits a few, or truly useful innovation that advances human flourishing. &nbsp;&nbsp;Synthesizing a broad range of scholarship, Stephanie Plamondon makes a novel argument for addressing poverty and inequality, not only as a matter of social welfare policy, but also for our nation's continued progress as an innovation leader.

How Poverty and Inequality Silence Innovation, and How to Fix It

The Creativity Tax

In a moment of interlocking and compounding crises that many commentators have aptly termed the "polycrisis," a leading economist offers a clear-eyed account of the underlying trends fueling the global instability and market mayhem that have come to characterize contemporary capitalism. 
 
Rampant inequality. Unchecked climate change. A global pandemic. And now, seething international divisions and the escalatory spiral of war and state violence. As the world moves toward the end of the 2020s, each of the pieces of this mosaic are becoming impossible to ignore, but how do they all fit together? And where is it all heading? 
 
To answer these questions, Marxist economist Michael Roberts draws on his forty-plus years of experience working in various financial institutions in the City of London to provide an empirically grounded and wide-ranging appraisal of the global situation. 
 
Roberts takes readers on a tour of the contemporary global economy, first by turning back to the Great Recession of 2008, and then offering a granular look at the economic priorities and contradictions of every region of the world. 
 
What emerges from this accounting of the polycrisis is the inescapable fact that capitalism's rapacious drive toward profit over and against any geopolitical boundaries or ecological limits threatens both humanity and the planet.&nbsp;

Depression, Polycrisis, and the World Economy in the 2020s

Time Is Running Out

Popular Austerity

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