Chicagonomics

Chicagonomics

Author: Alan O. Ebenstein

Publisher: Macmillan

Published: 2015-10-06

Total Pages: 302

ISBN-13: 0230621953

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An in-depth look at the history and development of economic ideas emanating from the University of Chicago


Chicagonomics

Chicagonomics

Author: Lanny Ebenstein

Publisher: St. Martin's Press

Published: 2015-10-06

Total Pages: 302

ISBN-13: 1466891122

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Chicagonomics explores the history and development of classical liberalism as taught and explored at the University of Chicago. Ebenstein's tenth book in the history of economic and political thought, it deals specifically in the area of classical liberalism, examining the ideas of Friedrich Hayek and Milton Friedman, and is the first comprehensive history of economics at the University of Chicago from the founding of the University in 1892 until the present. The reader will learn why Chicago had such influence, to what extent different schools of thought in economics existed at Chicago, the Chicago tradition, vision, and what Chicago economic perspectives have to say about current economic and social circumstances. Ebenstein enlightens the personal and intellectual relationships among leading figures in economics at the University of Chicago, including Jacob Viner, Frank Knight, Henry Simons, Milton Friedman, George Stigler, Aaron Director, and Friedrich Hayek. He recasts classical liberal thought from Adam Smith to the present.


Too Much Stuff

Too Much Stuff

Author: Kozo Yamamura

Publisher: Policy Press

Published: 2018-03-21

Total Pages: 232

ISBN-13: 1447335694

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Where has capitalism gone wrong? Why are advanced capitalist economies so sick, and why do conventional policy solutions--such as reduced taxes and increased money supply--produce only wider income disparity and inequality? We are now living in a new world in which a majority of people enjoys the highest living standard in history, acquiring more and more goods and services as necessary luxuries. But as Kozo Yamamura shows, despite our apparent lust for gourmet food and designer clothes, for larger homes, the latest gadgets, and exotic vacations, demand for these goods actually grows slowly, so relying on them to reinvigorate our economies will not succeed. With Too Much Stuff, Yamamura upends conventional capitalist wisdom to provide a new approach. He calls for increased tax-funded demand to address a range of societal needs--such as environmental concerns, social safety nets, infrastructure, and better education and housing for all. By addressing these needs, argues Yamamura, we can also take huge steps toward reducing the growing wealth gap that threatens global democracy. Both solutions-oriented and accessibly written, this book draws on fascinating case studies from the United States, Japan, and Germany, as well as convincing evidence from across the Western world, to suggest practical steps forward that we can all understand and support. Too Much Stuff boldly challenges the economic orthodoxy and, in so doing, challenges us to think outside the box for the betterment of all.


If You’re a Classical Liberal, How Come You’re Also an Egalitarian?

If You’re a Classical Liberal, How Come You’re Also an Egalitarian?

Author: Åsbjørn Melkevik

Publisher: Springer Nature

Published: 2020-03-28

Total Pages: 313

ISBN-13: 3030379086

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Classical liberalism has wrongly been regarded as an ideology that rejects the welfare state. In this book, Åsbjørn Melkevik corrects this common reading of the classical liberal tradition by introducing a theory of “rule egalitarianism”. Not only is classical liberalism compatible with social justice, but it can also help us understand why some egalitarian endeavours are an essential feature of a market society. If a necessary link exists between the classical liberal tradition and the moral and institutional dimensions of the rule of law, then this tradition is bound to uphold a substantial form of social justice. Coherence requires that classical liberals like Friedrich Hayek and Milton Friedman adopt an authentic egalitarian program. They should ameliorate poverty and limit inequality not merely out of prudence or collective self-interest, but for the natural justice of ongoing social cooperation as well as for the impartiality of market institutions.


The Big Myth

The Big Myth

Author: Naomi Oreskes

Publisher: Bloomsbury Publishing USA

Published: 2023-02-21

Total Pages: 577

ISBN-13: 1635573580

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"A carefully researched work of intellectual history, and an urgently needed political analysis." --Jane Mayer “[A] scorching indictment of free market fundamentalism ... and how we can change, before it's too late.”-Esquire, Best Books of Winter 2023 The bestselling authors of Merchants of Doubt offer a profound, startling history of one of America's most tenacious--and destructive--false ideas: the myth of the "free market." In their bestselling book Merchants of Doubt, Naomi Oreskes and Erik M. Conway revealed the origins of climate change denial. Now, they unfold the truth about another disastrous dogma: the “magic of the marketplace.” In the early 20th century, business elites, trade associations, wealthy powerbrokers, and media allies set out to build a new American orthodoxy: down with “big government” and up with unfettered markets. With startling archival evidence, Oreskes and Conway document campaigns to rewrite textbooks, combat unions, and defend child labor. They detail the ploys that turned hardline economists Friedrich von Hayek and Milton Friedman into household names; recount the libertarian roots of the Little House on the Prairie books; and tune into the General Electric-sponsored TV show that beamed free-market doctrine to millions and launched Ronald Reagan's political career. By the 1970s, this propaganda was succeeding. Free market ideology would define the next half-century across Republican and Democratic administrations, giving us a housing crisis, the opioid scourge, climate destruction, and a baleful response to the Covid-19 pandemic. Only by understanding this history can we imagine a future where markets will serve, not stifle, democracy.


Breakthrough

Breakthrough

Author: James O'Keefe

Publisher: Simon and Schuster

Published: 2013-06-18

Total Pages: 352

ISBN-13: 1476706174

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In this hard-hitting look at the way media and government conspire to protect the status quo, a controversial ambush journalist shows readers what happens when a young citizen journalist challenges some of America's most powerful and protected organizations.


The Nobel Factor

The Nobel Factor

Author: Avner Offer

Publisher: Princeton University Press

Published: 2019-11-19

Total Pages: 344

ISBN-13: 0691196311

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Economic theory may be speculative, but its impact is powerful and real. Since the 1970s, it has been closely associated with a sweeping change around the world--the "market turn." This is what Avner Offer and Gabriel Soderberg call the rise of market liberalism, a movement that, seeking to replace social democracy, holds up buying and selling as the norm for human relations and society. Our confidence in markets comes from economics, and our confidence in economics is underpinned by the Nobel Prize in Economics, which was first awarded in 1969. Was it a coincidence that the market turn and the prize began at the same time? The Nobel Factor, the first book to describe the origins and power of the most important prize in economics, explores this and related questions by examining the history of the prize, the history of economics since the prize began, and the simultaneous struggle between market liberals and social democrats in Sweden, Europe, and the United States. The Nobel Factor tells how the prize, created by the Swedish central bank, emerged from a conflict between central bank orthodoxy and social democracy. The aim was to use the halo of the Nobel brand to enhance central bank authority and the prestige of market-friendly economics, in order to influence the future of Sweden and the rest of the developed world. And this strategy has worked, with sometimes disastrous results for societies striving to cope with the requirements of economic theory and deregulated markets


Creditocracy

Creditocracy

Author: Andrew Ross

Publisher: OR Books

Published: 2014-02-20

Total Pages: 238

ISBN-13: 1939293391

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It seems like pretty much everybody – homeowners, students, those who are ill and without health insurance, and, of course, credit card holders – is up to their neck in debt that can never be repaid. 77% of US households are seriously indebted and one in seven Americans has been pursued by debt collectors. The major banks are bigger and more profitable than before the 2008 crash, and legislators are all but powerless to bring them to heel. In this forceful, eye-opening survey, Andrew Ross contends that we are in the cruel grip of a creditocracy – where the finance industry commandeers our elected governments and where the citizenry have to take out loans to meet their basic needs. The implications of mass indebtedness for any democracy are profound, and history shows that whenever a creditor class becomes as powerful as Wall Street, the result has been debt bondage for the bulk of the population. Following in the ancient tradition of the jubilee, activists have had some success in repudiating the debts of developing countries. The time is ripe, Ross argues, for a debtors’ movement to use the same kinds of moral and legal arguments to bring relief to household debtors in the North. After examining the varieties of lending that have contributed to the crisis, Ross suggests ways of lifting the burden of illegitimate debts from our backs. Just as important, Creditocracy outlines the kind of alternative economy we need to replace a predatory debt-money system that only benefits the 1%.


Hayek's Journey

Hayek's Journey

Author: A. Ebenstein

Publisher: Springer

Published: 2016-04-06

Total Pages: 294

ISBN-13: 1403973792

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While Alan Ebenstein's biography of Friedrich Hayek was the first biography of this major twentieth century thinker, the book itself was not - per se - an intellectual biography. Hayek's Journey will be the follow-up volume that will give readers an in-depth look at the evolution of his thought, the influence of the Austrian School of Economics, the roles of Wittgenstein, Freud and Kant in his thinking; his relationship with Karl Popper, etc. This will become a classic of Hayek scholarship by the author credited with writing the first biography of a man who is now widely-regarded as a seer in relationship to the course of the twentieth century.