Showing titles in Economic History

From investors and monetary authorities to governments and policy makers, almost everyone had assumed inflation was dead and buried. But now people the world over are confronting a poisonous new economic reality and, with it, the prospect of vast and increasing wealth inequality. How have we arrived in this situation? And what, if anything, can we do about it? Celebrated economist Stephen D. King—one of the few to warn ahead of time about the latest inflationary upheaval—identifies key lessons from the history of inflation that policy makers chose not to heed.

This revelatory account of the ways silver shaped Chinese history shows how an obsession with “white metal” held China back from financial modernization. First used as currency during the Song dynasty in around 900 CE, silver gradually became central to China’s economic framework and was officially monetized in the middle of the Ming dynasty during the 16th century. However, due to the early adoption of paper money in China, silver was not formed into coins but became a cumbersome “weighing currency”....

The whole world has a stake in India’s future, and that future hinges on whether India can develop its economy and deliver for its population—now the world’s largest—while staying democratic.

Die deutsche Wirtschaft war über Jahrzehnte führend in der Welt, ihre Produkte hoch angesehen und begehrt. Doch es findet ein fundamentaler Wandel statt, den weder Unternehmer noch Politiker antizipiert haben – mit dem Ergebnis, dass Deutschlands Wirtschaft mit Innovationsführern weltweit längst nicht mehr Schritt halten kann. In seinem Buch argumentiert Wolfgang Münchau, dass sich die Schwäche der deutschen Wirtschaft in Wirklichkeit schon seit Jahrzehnten zusammengebraut hat.

Bastiat considers the value of a broken window in promoting industry; the value of armies, public works, and government credit guarantees in increasing employment; the danger that better machinery poses to employment; the use of tariffs to protect industry, and other economic fallacies.

NATIONAL BESTSELLER 2022 Winner of the Golden Poppy Award for Nonfiction (California Independent Booksellers Alliance) A revelatory, urgent narrative with national implications, exploring the decline of California’s largest utility company that led to countless wildfires — including the one...

The roots of the mortgage bubble and the story of the Wall Street collapse-and the government's unprecedented response-from our most trusted business journalist.The End of Wall Street is a blow-by-blow account of America's biggest financial collapse since the Great Depression. Drawing on 180...

A riveting portrait of the Gold Rush, by the award-winning author of Down the Great Unknown and The Forger's Spell. In the spring of 1848, rumors began to spread that gold had been discovered in a remote spot in the Sacramento Valley. A year later, newspaper headlines declared "Gold Fever!" as...

The bankruptcy of the investment bank Lehman Brothers was the pivotal event of the 2008 financial crisis and the Great Recession that followed. Ever since the bankruptcy, there has been heated debate about why the Federal Reserve did not rescue Lehman in the same way it rescued other financial institutions, such as Bear Stearns and AIG. The Fed's leaders from that time, especially former Chairman Ben Bernanke, have strongly asserted that they lacked the legal authority to save Lehman because it did not have adequate collateral for the loan it needed to survive. 

In 1971 verandert president Nixon de wereld voorgoed door de goudstandaard los te laten, wat de basis legt voor huidige economische uitdagingen. Met inzichten van sleutelspelers zoals Paul Volcker.

Become economically significant, and you’re dealing with Machiavellian grifters who left sovereignty, equal rights, capitalism and individualism long ago. But anyway, let’s examine how to become anti-fragile.

Brought to you by Penguin. A sweeping, resonant, revelatory history of how the expropriation of property made the modern world, by a brilliant young historian Expropriation – the forced transfer of property rights – is usually associated with dictators, unstable countries, and violent...

Nobel laureate economist F. A. Hayek first revolutionized economists' understanding of markets, and then profoundly challenged the public's understanding of government.

La riqueza de las naciones ofrece una mirada profunda y accesible sobre los fundamentos del pensamiento económico. En esta obra clave de la economía moderna, Adam Smith analiza cómo elementos como la división del trabajo, el comercio y el libre mercado han moldeado la forma en que entendemos la economía hoy en día.

In the graveyard of economic ideology, dead ideas still stalk the land. The recent financial crisis laid bare many of the assumptions behind market liberalism--the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe.

"The History of the Standard Oil Company" is a book written by journalist Ida Tarbell in 1904. It was an exposé of the Standard Oil Company, run at that time by oil tycoon John D. Rockefeller the richest figure in America's history. Originally serialized in 19 parts in McClure's magazine, the book was a seminal example of muckraking, and inspired many other journalists to write about trusts, large businesses that (in the absence of strong antitrust law in the 19th century) attempted to gain monopolies in various industries.

In this newly revised second edition, offering 50% entirely new material, The Panic of 1907: Heralding a New Era of Finance, Capitalism, and Democracy, delivers a groundbreaking examination of one of the most consequential crises in financial history. Deftly weaving historical evidence, insightful analysis, and compelling narrative, The Panic of 1907 explains how and why a financial panic unfolds, with lessons that can be applied to our understanding of present-day financial and monetary systems.

The experiments of both Capitalism and Communism are almost complete, and they both lead to one big organization controlling everything you do. In 1925, when this book was first published, it was true, and it is even truer today.

Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents due to unforeseen circumstances. Rather, these fluctuations result from the complex bargains made between politicians, bankers, bank shareholders, depositors, debtors, and taxpayers.

Throughout time, from ancient Rome to modern Britain, the great empires built and maintained their domination through force of arms and political power. But not the United States. America has dominated the world in a new, peaceful, and pervasive way - through the continued creation of staggering wealth. In this authoritative, engrossing history, John Steele Gordon captures as never before the true source of our nation's global influence: wealth and the capacity to create more of it.