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Recommended Books

Average Is Over by Tyler Cowen One of the World's most acclaimed economists delivers his magnum opus on the future of labor in America. There are more rich people and more poor people in our country than ever before. That widening gap means dealing with one big, uncomfortable truth- The middle is growing thinner and thinner. In this eye-opening book, globally renowned economist and bestselling author Tyler Cowen explains how this phenomenon emerged- High earners are taking ever more advantage of machine intelligence in data analysis in all its guises and achieving ever-better results. Meanwhile, low earners who haven't committed to learning, to making the most of new technologies, have poor prospects. Nearly every business sector relies less and less on manual labor for high-value jobs, and this fact is forever changing the world of work and wages. About three-quarters of the jobs created in the United States since the great recession pay $13.52 an hour or less. There is no longer a steady, secure life somewhere in the middle-average is over. With The Great Stagnation, Cowen explained why median wages stagnated over the last four decades; in Average Is Overhe reveals what the new features of this economy mean for taxes (they will go up for higher earners), government spending (Medicaid will become stingier), employee benefits (health-care insurance premiums will continue to go up), debt (it will be reduced by spending less money on junk and wasteful consumption), and education (students will not be well served by one system). Most importantly, Cowen identifies the best path forward for workers and entrepreneurs and provides readers with a road map to a new economic landscape. Cowen's message is challenging and sober but ultimately exciting and even inspiring. In debates about our nation's economic future, the fact that average is over will be impossible to ignore. And Cowen's acute vision frames the opportunity for us all. Praise for Tyler Cowen and The Great Stagnation 'An economist who is a wonderfully entertaining writer but also a deeply humane thinker.' James Surowiecki, Author of The Wisdom of Crowds 'Ventures where few economists have gone before.' Hugo Lindgren, New York 'Tyler Cowen may very well turn out to be this decade's Thomas Friedman.'Kelly Evans, The Wall Street Journal 'The Great Stagnationis one of the most talked-about books among economists right now.' Renee Montagne, Morning Edition, NPR 'Cowen's book . . . will have a profound impact on the way people think about the last thirty years.' Ryan Avent, The Economist 'The new 'it' book in Washington.' Brink Lindsey, Forbes 'The most debated nonfiction book so far this year.' David Brooks, The New York Times
Call Number: HC106.84 .C69 2013
ISBN: 9780525953739
Publication Date: 2013-09-12
The Bankers' New Clothes by Anat Admati (Preface by); Martin Hellwig (Preface by) Why our banking system is broken--and the reforms needed to fix it The past few years have shown that risks in banking can impose significant costs on the economy. Many claim, however, that a safer banking system would require sacrificing lending and economic growth. The Bankers' New Clothes examines this claim and the narratives used by bankers, politicians, and regulators to rationalize the lack of reform, exposing them as invalid. Anat Admati and Martin Hellwig argue that we can have a safer and healthier banking system without sacrificing any of its benefits, and at essentially no cost to society. They seek to engage the broader public in the debate by cutting through the jargon of banking, clearing the fog of confusion, and presenting the issues in simple and accessible terms.
Call Number: HG1586 .A23 2014
ISBN: 9780691162386
Publication Date: 2014-03-23
The Body Economic by David Stuckler; Sanjay Basu Politicians have talked endlessly about the seismic economic and social impacts of the recent financial crisis, but many continue to ignore its disastrous effects on human health--and have even exacerbated them, by adopting harsh austerity measures and cutting key social programs at a time when constituents need them most. The result, as pioneering public health experts David Stuckler and Sanjay Basu reveal in this provocative book, is that many countries have turned their recessions into veritable epidemics, ruining or extinguishing thousands of lives in a misguided attempt to balance budgets and shore up financial markets. Yet sound alternative policies could instead help improve economies and protect public health at the same time. In The Body Economic, Stuckler and Basu mine data from around the globe and throughout history to show how government policy becomes a matter of life and death during financial crises. In a series of historical case studies stretching from 1930s America, to Russia and Indonesia in the 1990s, to present-day Greece, Britain, Spain, and the U.S., Stuckler and Basu reveal that governmental mismanagement of financial strife has resulted in a grim array of human tragedies, from suicides to HIV infections. Yet people can and do stay healthy, and even get healthier, during downturns. During the Great Depression, U.S. deaths actually plummeted, and today Iceland, Norway, and Japan are happier and healthier than ever, proof that public wellbeing need not be sacrificed for fiscal health. Full of shocking and counterintuitive revelations and bold policy recommendations, The Body Economic offers an alternative to austerity--one that will prevent widespread suffering, both now and in the future.
Call Number: HM548 .S78 2013
ISBN: 9780465063987
Publication Date: 2013-05-21
Gold by Matthew Hart From the lost empires of the Sahara to today's frenzied global gold rush, a blazing exploration of the human love affair with gold by the award-winning author of Diamond. From the lost empires of the Sahara to today's frenzied global gold rush, a blazing exploration of the human love affair with gold by Matthew Hart, the award-winning author ofDiamond In the wake of the 2008 financial crisis, the price of gold skyrocketed--in three years more than doubling from $800 an ounce to $1900. This massive spike drove an unprecedented global gold-mining and exploration boom, much bigger than the Gold Rush of the 1800s. In Gold, acclaimed author Matthew Hart takes you on an unforgettable journey around the world and through history to tell the extraordinary story of how gold became the world's most precious commodity. Beginning with a page-turning dispatch from the crime-ridden inferno of the world's deepest mine, Hart pulls back to survey gold's tempestuous past. From the earliest civilizations, 6,000 years ago, when gold was an icon of sacred and kingly power, Hart tracks its evolution, through conquest, murder, and international mayhem, into the speculative casino-chip that the metal has become. Hart describes each boom and bust in gold's long story, culminating in the swift and startling emergence of China as the world's new gold titan. In writing that Publishers Weekly calls "polished and fiery," Hart weaves together history and cutthroat economics to reveal the human dramas that have driven our lust for a precious yellow metal.
Call Number: HG289 .H326 2013
ISBN: 9781451650020
Publication Date: 2013-12-03
Smuggler Nation by Peter Andreas America is a smuggler nation. Our long history of illicit imports has ranged from West Indies molasses and Dutch gunpowder in the 18th century, to British industrial technologies and African slaves in the 19th century, to French condoms and Canadian booze in the early 20th century, to Mexicanworkers and Colombian cocaine in the modern era.Providing a sweeping narrative history from colonial times to the present, Smuggler Nation is the first book to retell the story of America - and of its engagement with its neighbors and the rest of the world - as a series of highly contentious battles over clandestine commerce. As Peter Andreasdemonstrates in this provocative and fascinating account, smuggling has played a pivotal and too often overlooked role in America's birth, westward expansion, and economic development, while anti-smuggling campaigns have dramatically enhanced the federal government's policing powers. The greatirony, Andreas tells us, is that a country that was born and grew up through smuggling is today the world's leading anti-smuggling crusader.In tracing America's long and often tortuous relationship with the murky underworld of smuggling, Andreas provides a much-needed antidote to today's hyperbolic depictions of out of control borders and growing global crime threats. Urgent calls by politicians and pundits to regain control of thenation's borders suffer from a severe case of historical amnesia, nostalgically implying that they were ever actually under control. This is pure mythology, says Andreas. For better and for worse, America's borders have always been highly porous.Far from being a new and unprecedented danger to America, the illicit underside of globalization is actually an old American tradition. As Andreas shows, it goes back not just years but centuries. And its impact has been decidedly double-edged, not only subverting but also empowering America.
Call Number: HJ6690 .A74 2013
ISBN: 9780199746880
Publication Date: 2013-02-14
Unleashing the Second American Century by Joel Kurtzman Political gridlock in Washington... the lingering effects of the financial crisis . . . structural problems such as unemployment and the skills gap of our work force . . . the mediocre K-12 educational system. Are our best days behind us? Joel Kurtzman persuasively shows why all the talk about America's decline is not only baseless but dead wrong. Our best days, are, in fact, ahead of us. Four transformational forces -- unrivaled manufacturing depth, soaring levels of creativity, massive new energy sources, and gigantic amounts of capital waiting to be invested -- have been gathering steam. When combined they will provide the foundation for a much stronger economy, robust growth, and broad-based prosperity that will propel the United States to new heights. One endlessly repeated anxiety is that "we don't make anything here, anymore." The reality, though, is that the US is the world's dominant manufacturing power -- and growing. American companies produce 20 percent of the world's goods in the US and perhaps another 15 to 20 percent outside our country. And much of what we make is recession-proof -- such as software, jetliners, medical devices, pharmaceuticals, chemicals, and food. Kurtzman reveals the stories of the unsung heroes who are the creative force leading the second American century, describing the payoff of the investment in our best minds. American companies have stunning levels of talent and creativity at work in the world's fastest growing economic sectors -- biotech, pharmaceuticals, computer hardware and software, telecommunications, advanced manufacturing, materials science, and aeronautical and space engineering. In these fields, Americans are without peer and consistently break new ground. We are coming to the realization that America is no longer beholden to the despots of foreign energy. Thanks to advances in technology developed in the US, we now have among the world's largest energy reserves, and are richer in energy resources than Saudi Arabia and second only to Russia. These three strengths -- manufacturing, soaring levels of creativity, and energy independence -- will be magnified and synergistically combined with the unprecedented amount of capital that now lies idle. US companies of all types are hoarding cash and securities worth more than 4 trillion -- an amount larger than the world's fourth largest economy, Germany. When the money starts flowing and is invested, it will rapidly propel every part of the economy forward.
Call Number: HC106.83 .K87 2014
ISBN: 9781610393096
Publication Date: 2014-02-25

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