Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis
In early 2009, many economists, financiers, and media pundits were confidently predicting the end of the American-led capitalism that has shaped history and economics for the past 100 years. Yet the U.S. economic model, far from being discredited, may be strengthened by the financial crisis.
The Values of Economics - An Aristotelian Perspective
In his Ethics, Aristotle argued that human beings try to further a variety of values by balancing them, stating that people try to find a middle road between excess and deficiency. The author develops and applies this idea to the values of economics, arguing that in the economy; freedom, justice and care are also balanced to further ends with scarce means. Freedom is furthered through market exchange, justice through a redistributive role of the state, and care through mutual gifts of labour and sharing of resources in the economy. The book argues that economics is, and has always been, about human values, which guide, enable, constrain and change economic behaviour.
Beattie worked as an economist at the Bank of England and then joined the Financial Times in 1998 and is currently the paper’s world-trade editor. This is not a criticism of the 2004–07 real-estate debacle that caused the collapse of U.S. and world financial systems, as might be surmised by the title, but rather a historical glimpse at the causes and effects that explain why some economies prosper in certain ways while others do not. Beattie contrasts the economies of Argentina and the U.S., for example, showing why Argentina has prospered even while our economic downturn has seemingly brought down the economies of the rest of the world.
Future Babble: Why Expert Predictions Fail - and Why We Believe Them Anyway
In Future Babble, award-winning journalist Dan Gardner presents landmark research debunking the whole expert prediction industry and explores our obsession with the future. In 2008, as the price of oil surged above $140 a barrel, experts said it would soon hit $200; it then plunged to $30. In 1967, they said the USSR would be the world's fastest-growing economy by 2000; by 2000, the USSR no longer existed. In 1911, it was pronounced that there would be no more wars in Europe - we all know how that turned out.
Future Babble: Why Expert Predictions Fail - and Why We Believe Them Anyway
In Future Babble, award-winning journalist Dan Gardner presents landmark research debunking the whole expert prediction industry and explores our obsession with the future. In 2008, as the price of oil surged above $140 a barrel, experts said it would soon hit $200; it then plunged to $30. In 1967, they said the USSR would be the worlds fastest-growing economy by 2000; by 2000, the USSR no longer existed. In 1911, it was pronounced that there would be no more wars in Europe - we all know how that turned out.
