The Myth of America's Decline: Politics, Economics, and a Half Century of False Prophecies

The Myth of America's Decline: Politics, Economics, and a Half Century of False Prophecies

Author: Josef Joffe

Publisher: W. W. Norton & Company

Published: 2014

Total Pages: 352

ISBN-13: 0871404494

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"While it may be catnip for the media to play up America as a has-been, Josef Joffe, a ... German commentator and Stanford University academic, [proposes] that Declinism is not a cold-eyed diagnosis but a device in the style of the ancient prophets ... Gloom is a prophecy that must be believed so that it will turn out wrong. Joffe [posits that] 'economic miracles' that propelled the rising tide of challengers flounder against their own limits. Hardly confined to Europe alone, Declinism has also been an especially nifty career builder for American politicians, among them Kennedy, Nixon, and Reagan, who all rode into the White House by hawking 'the end is near'"--Dust jacket flap.


International Macroeconomics

International Macroeconomics

Author: Stephanie Schmitt-Grohé

Publisher: Princeton University Press

Published: 2022-09-06

Total Pages: 482

ISBN-13: 0691170649

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An essential introduction to one of the most timely and important subjects in economics International Macroeconomics presents a rigorous and theoretically elegant treatment of real-world international macroeconomic problems, incorporating the latest economic research while maintaining a microfounded, optimizing, and dynamic general equilibrium approach. This one-of-a-kind textbook introduces a basic model and applies it to fundamental questions in international economics, including the determinants of the current account in small and large economies, processes of adjustment to shocks, the determinants of the real exchange rate, the role of fixed and flexible exchange rates in models with nominal rigidities, and interactions between monetary and fiscal policy. The book confronts theoretical predictions using actual data, highlighting both the power and limits of given theories and encouraging critical thinking. Provides a rigorous and elegant treatment of fundamental questions in international macroeconomicsBrings undergraduate and master’s instruction in line with modern economic researchFollows a microfounded, optimizing, and dynamic general equilibrium approachAddresses fundamental questions in international economics, such as the role of capital controls in the presence of financial frictions and balance-of-payments crisesUses real-world data to test the predictions of theoretical modelsFeatures a wealth of exercises at the end of each chapter that challenge students to hone their theoretical skills and scrutinize the empirical relevance of modelsAccompanied by a website with lecture slides for every chapter


The Last Half-Century

The Last Half-Century

Author: Morris Janowitz

Publisher: University of Chicago Press

Published: 1978

Total Pages: 612

ISBN-13: 9780226393063

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Janowitz examines the societal changes that have weakened the electoral system and contributed to the further decline of social control, and encourages the development of new forms of citizen participation.


Political Arithmetic

Political Arithmetic

Author: Robert William Fogel

Publisher: University of Chicago Press

Published: 2013-04-15

Total Pages: 163

ISBN-13: 0226256618

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We take for granted today that the assessments, measurements, and forecasts of economists are crucial to the decision-making of governments and businesses alike. But less than a century ago that wasn’t the case—economists simply didn’t have the necessary information or statistical tools to understand the ever more complicated modern economy. With Political Arithmetic, Nobel Prize–winning economist Robert Fogel and his collaborators tell the story of economist Simon Kuznets, the founding of the National Bureau of Economic Research, and the creation of the concept of GNP, which for the first time enabled us to measure the performance of entire economies. The book weaves together the many strands of political and economic thought and historical pressures that together created the demand for more detailed economic thinking—Progressive-era hopes for activist government, the production demands of World War I, Herbert Hoover’s interest in business cycles as President Harding’s commerce secretary, and the catastrophic economic failures of the Great Depression—and shows how, through trial and error, measurement and analysis, economists such as Kuznets rose to the occasion and in the process built a discipline whose knowledge could be put to practical use in everyday decision-making. The product of a lifetime of studying the workings of economies and skillfully employing the tools of economics, Political Arithmetic is simultaneously a history of a key period of economic thought and a testament to the power of applied ideas.


An Economic History of Ghana

An Economic History of Ghana

Author: Ivor Agyeman-Duah

Publisher: Ayebia Clarke Publishing

Published: 2008

Total Pages: 312

ISBN-13:

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"This is one of the best books reflecting on Ghana's half-a-century of often tumultuous transformation. Ivor Agyeman-Duah has gathered together a group of scholars, educators and government, business and civil society leaders to debate the trajectory of Ghana's economic history. Their views centre on three fundamental themes: structures and institutions in a postcolonial economy, the role of public policy, stimulus and innovation." "A timely volume as Ghana celebrated its 50th Anniversary of Independence in 2007 under President Kufuor's 2-terms of eight-years of relatively peaceful democratic rule. Contributors include: Jeffrey D. Sachs, Anthony Akoto-Osei., Richard Anane, Joyce Aryee, Ellen Bortei-Doku Aryeetey, Ernest Aryeetey, Moses Asaga, Ken Ofori-Atta, Gareth Austin, Annan Arkyin Cato, Mary Chinery-Hesse, T. Oteng-Gyasi, E. Gyimah-Boadi, Dirk-Jan Omtzigt, D.K. Osei, Isaac Osei, Nii Moi Thompson and Charles Wereko-Brobbey, et al." "This is unquestionably one of the best contemporary economic history books about Ghana drawing on the expertise and knowledge of Ghanaians as well as international experts and leading lights to reflect on 50 years of Ghana's economic challenges and achievements." "Contributors include leading economists such as Jeffrey D. Sachs, Earth Institute, Columbia University and Advisor to the UN Secretary General; eminent Ghanaian scholars such as Professor Ernest Aryeetey of the Institute of Statistical, Social and Economic Research, University of Ghana; and Mary Chinery-Hesse, Chief Advisor to the President of Ghana. The contributors focus on three aspects: Structures and Institutions in a Postcolonial Economy: A Vampire Economy with a Silver Lining and Crossing the Jordon: Stimulation and Innovation with a Foreword by Nobel Laureate Wole Soyinka." "This volume will be a valuable tool for studies on African Economic History with specific emphasis on Ghana but could also double as a yardstick for comparing the economic histories of other well performing African economies such as Botswana, Mauritius, Cape Verde, Namibia and South Africa - according to the World Bank annual good governance rankings released in 2006."--BOOK JACKET.


Means-Tested Transfer Programs in the United States

Means-Tested Transfer Programs in the United States

Author: National Bureau of Economic Research

Publisher: University of Chicago Press

Published: 2003-10-15

Total Pages: 224

ISBN-13: 9780226533568

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Few United States government programs are as controversial as those designed to aid the poor. From tax credits to medical assistance, aid to needy families is surrounded by debate—on what benefits should be offered, what forms they should take, and how they should be administered. The past few decades, in fact, have seen this debate lead to broad transformations of aid programs themselves, with Aid to Families with Dependent Children replaced by Temporary Assistance to Needy Families, the Earned Income Tax Credit growing from a minor program to one of the most important for low-income families, and Medicaid greatly expanding its eligibility. This volume provides a remarkable overview of how such programs actually work, offering an impressive wealth of information on the nation's nine largest "means-tested" programs—that is, those in which some test of income forms the basis for participation. For each program, contributors describe origins and goals, summarize policy histories and current rules, and discuss the recipient's characteristics as well as the different types of benefits they receive. Each chapter then provides an overview of scholarly research on each program, bringing together the results of the field's most rigorous statistical examinations. The result is a fascinating portrayal of the evolution and current state of means-tested programs, one that charts a number of shifts in emphasis—the decline of cash assistance, for instance, and the increasing emphasis on work. This exemplary portrait of the nation's safety net will be an invaluable reference for anyone interested in American social policy.


Big Data for Twenty-First-Century Economic Statistics

Big Data for Twenty-First-Century Economic Statistics

Author: Katharine G. Abraham

Publisher: University of Chicago Press

Published: 2022-03-11

Total Pages: 502

ISBN-13: 022680125X

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Introduction.Big data for twenty-first-century economic statistics: the future is now /Katharine G. Abraham, Ron S. Jarmin, Brian C. Moyer, and Matthew D. Shapiro --Toward comprehensive use of big data in economic statistics.Reengineering key national economic indicators /Gabriel Ehrlich, John Haltiwanger, Ron S. Jarmin, David Johnson, and Matthew D. Shapiro ;Big data in the US consumer price index: experiences and plans /Crystal G. Konny, Brendan K. Williams, and David M. Friedman ;Improving retail trade data products using alternative data sources /Rebecca J. Hutchinson ;From transaction data to economic statistics: constructing real-time, high-frequency, geographic measures of consumer spending /Aditya Aladangady, Shifrah Aron-Dine, Wendy Dunn, Laura Feiveson, Paul Lengermann, and Claudia Sahm ;Improving the accuracy of economic measurement with multiple data sources: the case of payroll employment data /Tomaz Cajner, Leland D. Crane, Ryan A. Decker, Adrian Hamins-Puertolas, and Christopher Kurz --Uses of big data for classification.Transforming naturally occurring text data into economic statistics: the case of online job vacancy postings /Arthur Turrell, Bradley Speigner, Jyldyz Djumalieva, David Copple, and James Thurgood ;Automating response evaluation for franchising questions on the 2017 economic census /Joseph Staudt, Yifang Wei, Lisa Singh, Shawn Klimek, J. Bradford Jensen, and Andrew Baer ;Using public data to generate industrial classification codes /John Cuffe, Sudip Bhattacharjee, Ugochukwu Etudo, Justin C. Smith, Nevada Basdeo, Nathaniel Burbank, and Shawn R. Roberts --Uses of big data for sectoral measurement.Nowcasting the local economy: using Yelp data to measure economic activity /Edward L. Glaeser, Hyunjin Kim, and Michael Luca ;Unit values for import and export price indexes: a proof of concept /Don A. Fast and Susan E. Fleck ;Quantifying productivity growth in the delivery of important episodes of care within the Medicare program using insurance claims and administrative data /John A. Romley, Abe Dunn, Dana Goldman, and Neeraj Sood ;Valuing housing services in the era of big data: a user cost approach leveraging Zillow microdata /Marina Gindelsky, Jeremy G. Moulton, and Scott A. Wentland --Methodological challenges and advances.Off to the races: a comparison of machine learning and alternative data for predicting economic indicators /Jeffrey C. Chen, Abe Dunn, Kyle Hood, Alexander Driessen, and Andrea Batch ;A machine learning analysis of seasonal and cyclical sales in weekly scanner data /Rishab Guha and Serena Ng ;Estimating the benefits of new products /W. Erwin Diewert and Robert C. Feenstra.


The Knowledge Capital of Nations

The Knowledge Capital of Nations

Author: Eric A. Hanushek

Publisher: MIT Press

Published: 2023-08-15

Total Pages: 275

ISBN-13: 026254895X

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A rigorous, pathbreaking analysis demonstrating that a country's prosperity is directly related in the long run to the skills of its population. In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provides a very misleading picture of how skills enter into development. Hanushek and Woessmann contend that the cognitive skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. Hanushek and Woessmann subject their hypotheses about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth to a series of tests, including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. They find that their main results are remarkably robust, and equally applicable to developing and developed countries. They demonstrate, for example, that the “Latin American growth puzzle” and the “East Asian miracle” can be explained by these regions' knowledge capital. Turning to the policy implications of their argument, they call for an education system that develops effective accountability, promotes choice and competition, and provides direct rewards for good performance.


Migration from the Newly Independent States

Migration from the Newly Independent States

Author: Mikhail Denisenko

Publisher: Springer Nature

Published: 2020-02-27

Total Pages: 547

ISBN-13: 303036075X

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This book discusses international migration in the newly independent states after the collapse of the Soviet Union, which involved millions of people. Written by authors from 15 countries, it summarizes the population movement over the post-Soviet territories, both within the newly independent states and in other countries over the past 25 years. It focuses on the volume of migration flows, the number and socio-demographic characteristics of migrants, migration factors and the situation of migrants in receiving countries. The authors, who include demographers, economists, geographers, anthropologists, sociologists and political scientists, used various methods and sources of information, such as censuses, administrative statistics, the results of mass sample surveys and in-depth interviews. This heterogeneity highlights the multifaceted nature of the topic of migration movements.