Saturday, July 14, 2012

Stiglitz, Globalization and Its Discontents (2002)

Joseph Stiglitz.
Globalization and Its Discontents.
New York: W. W. Norton & Company, 2002; paperback reprint 2003.

Book information:
Publisher; Google Books; Amazon.com; Wikipedia on the Book; Joseph Stiglitz, Wikipedia; Joseph Stiglitz, Columbia University.

Stiglitz's book is not about Globalization itself. For readers interested in an introductory survey of economic Globalization I strongly recommend the book by Peter Dicken described below. Stigllitz's book is about a side-effect of Globalization, namely the global flows of financial capital which can have very short-term investment horizons and the financial panics that occur when short-term speculative ("hot") money abandons a country. More particularly, Stiglitz's topic is the inability of international financial regulatory organizations to control or ameliorate the financial damages caused by short-term speculative finance, especially the International Monetary Fund. Stiglitz's book focuses on IMF policy failures during the financial crises of 1997-1998. For a narrative history of the financial crises of 1997-1998 see the Wikipedia articles below and the book by Paul Blustein described below.

1997 Asian financial crisis, Wikipedia.
1998 Russian financial crisis, Wikipedia.
Long-Term Capital Management, Wikipedia.
Samba effect (Brazil 1999), Wikipedia.
International Monetary Fund, Wikipedia.
International Monetary Fund.

Peter Dicken. Global Shift: Mapping the Changing Contours of the World Economy, sixth edition. New York: The Guilford Press, 2011.
[Publisher; Google Books; Amazon.com; Peter Dicken, Wikipedia; Peter Dicken, The University of Manchester.]

Paul Blustein. The Chastening: Inside the Crisis that Rocked the Global Financial System and Humbled the IMF. New York: PublicAffairs / Perseus Books Group, 2001; paperback reprint 2003.
[Publisher, PublicAffairs; Publisher, Perseus Books Group; Google Books; Amazon.com; C-SPAN Video, 24 Sept 2001.]

Monday, July 09, 2012

Spence, The Next Convergence (2011)

Michael Spence.
The Next Convergence: The Future of Economic Growth in a Multispeed World.
New York: Farrar, Straus and Giroux / Macmillan, 2011.

Book information: Publisher; Google Books; Amazon.com.

This book is an outgrowth of the author's work as chairman of the "Commission on Growth and Development" (Wikipedia; original website, archived; current website at the World Bank). The figues in The Next Convergence are poor black-and-white copies of the original color figues in the Commission's reports. Readers can download the Comission's reports for free from its website(s) (rather than purchasing Spence's book). Videos describing the Commission's findings also available.

Some Michael Spence links:
Michael Spence, Wikipedia
A. Michael Spence, Graduate School of Business, Stanford University
Michael Spence, Hoover Institution, Stanford University

Wednesday, June 27, 2012

Wolf, The End of America: Letter of Warning to a Young Patriot (2007)

Naomi Wolf.
The End of America: Letter of Warning to a Young Patriot.
White River Junction, Vermont: Chelsea Green Publishing, 2007.

Book information: Publisher; Google Books; Amazon.com; Wikipedia on the Book; Naomi Wolf, Wikipedia.

Saturday, June 16, 2012

Orwell, Down and Out in Paris and London (1933)

George Orwell.
Down and Out in Paris and London.
Orlando, Florida: A Harvest Book / Harcourt Inc., 1972.

Originally published in 1933, this was Orwell's first publication in book form and his first appearance under the name George Orwell.

Book information: Publisher; Google Books; Amazon.com; Wikipedia on the Book.

Some George Orwell links:
George Orwell, Wikipedia
George Orwell bibliography, Wikipedia
The Orwell Prize
Orwell, George, Open Directory Project
Charles' George Orwell Links

A semi-organized collection of webpages with much material related to George Orwell collected by Arlindo Correia:

Friday, June 01, 2012

The USA's Descent into Fascism is Complete: Obama's Kill List

I'm not sure "fascism" is adequate to describe what the USA's once-constitutional government has changed into, but I don't know what else to call it. At least Bush had the moral insight (at some level) to recognize that torture is wrong and so he lied and denied he authorized it. But Obama is clearly a different kind of "leader."


Jo Becker and Scott Shane, "Secret 'Kill List' Proves a Test of Obama’s Principles and Will," The New York Times, 29 May 2012.


Chris Floyd, "Hymns to the Violence: The NYT’s Love Letter to Obama's Murder Racket," Empire Burlesque, 29 May 2012.


katiebird, "Things that are worse than White House Blow Jobs Including Things that Actually Deserve Impeachment," The Confluence, 29 May 2012.

katiebird, "Wednesday: 'Kill List' Reading List," The Confluence, 30 May 2012.

katiebird, "What would Aquinas do? The Kill List Saga," The Confluence, 31 May 2012.

katiebird, "It Lives: The Kill List," The Confluence, 1 June 2012.


Glenn Greenwald, "Obama the Warrior," Salon.com, 29 May 2012.

Glenn Greenwald, "How extremism is normalized," Salon.com, 30 May 2012.


Ralph Nader, "Obama At Large: Where are the Lawyers?," CounterPunch, 31 May 2012.

Andrew P. Napolitano, "The Secret Kill List," AntiWar.com, 31 May 2012.

Alexander Cockburn, "There’s a Cancer on the Presidency, Called Barack Obama," CounterPunch, 2-3 June 2012.

Sunday, April 22, 2012

Wolff, Intro to Marxian Economics (2009)

Richard D. Wolff, Intro to Marxian Economics, Spring 2009: These links to YouTube playlists make for easy viewing of these easy, insightful, introductory lectures.

These lectures are also available via this link at Wolff's website:
Marxian Economics: An Intensive Introduction.
(I haven't watched the lectures through this link, which is for Vimeo videos that don't have the interruptions of the broken up YouTube videos. These one piece uninterrupted Vimeo videos may be a preferable viewing experience.)

Richard D. Wolff Links:

Professor Richard D. Wolff, his official website, which has an abundance of links to his works in various media.

Richard D. Wolff YouTube playlists

Richard D. Wolff, Wikipedia.

Tuesday, March 20, 2012

Leonard, Why Europe Will Run the 21st Century (2005)

Mark Leonard.
Why Europe Will Run the 21st Century.
New York: PublicAffairs / Perseus Books Group, 2005; paperback reprint 2006.

Book information: Publisher; Google Books; Amazon.com; Book webpage at author's website.

This book provides an excellent explanation of the motivations and goals of the European Union project. On the other hand, it was published before the economic weaknesses of the European Monetary Union became apparent after the various financial crises that began in 2008.

Some Mark Leonard links:
Mark Leonard .net, author's website.
Mark Leonard, Wikipedia.

Sunday, March 11, 2012

Laqueur, After the Fall (2012)

Walter Laqueur.
After the Fall: The End of the European Dream and the Decline of a Continent.
New York: Thomas Dunne Books (an imprint of St. Martin's Press, a division of Macmillan Publishers Ltd., owned by Georg von Holtzbrinck Publishing Group), 2012.

Book information: Publisher; Google Books; Amazon.com; Author's website; Walter Laqueur, Wikipedia.

I do not recommend this book. The book contains absolutely no economic analysis, something Laqueur ignores completely. Instead, Laqueur attributes European nations' problems to the European Union and his anxieties about the presence of too many Muslim and brown-skined people. Only readers interested in superficial Euroskeptic and Islamophobic analysis should consider this book; it does contain an extensive bibliography of the Islamophobic literature of several countries and in several languages.

Monday, March 05, 2012

Varoufakis, The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy (2011)

Yanis Varoufakis.
The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy.
London: Zed Books, 2011.

Book information: Publisher; Google Books; Amazon.com; Book webpage at author's website; Author's website; Wikipedia on the Author.

Varoufakis says The Global Minotaur popularizes an analysis presented in greater detail in Modern Political Economics: Making Sense of the Post-2008 World:

Yanis Varoufakis, Joseph Halevi and Nicholas J. Theocarakis.
Modern Political Economics: Making Sense of the Post-2008 World.
London: Routledge, 2011.
[Publisher; Google Books; Amazon.com; Book webpage at author's website.]

Euro Crisis, Yanis Varoufakis.

Friday, February 24, 2012

Frieden, Global Capitalism: Its Fall and Rise in the Twentieth Century (2006)

Jeffry A. Frieden.
Global Capitalism: Its Fall and Rise in the Twentieth Century.
New York: W. W. Norton & Company, 2006; reprint 2007.

Book information: Publisher; Google Books; Amazon.com; Book webpage at Jeff Frieden's website.

Jeffry A. Frieden, Harvard University.

Some other books by Jeffry A. Frieden:

Menzie D. Chinn and Jeffry A. Frieden. Lost Decades: The Making of America's Debt Crisis and the Long Recovery. New York: W. W. Norton & Company, 2011.
[Publisher; Google Books; Amazon.com; Book webpage at Menzie Chinn's website; Book webpage at Jeff Frieden's website.]

The authors Chinn & Frieden summarize Lost Decades: IMF Videos, 14 October 2011.
The authors' presentation is followed by comments and discussion by Diane Lim Rogers, Gail Cohen, and Simon Johnson.
This video is also posted at Econbrowser, a blog edited by Menzie Chinn.

Jeffry A. Frieden, David A. Lake, J. Lawrence Broz. International Political Economy: Perspectives on Global Power and Wealth, fifth edition. New York: W. W. Norton & Company, 2009.
[Publisher; Google Books; Amazon.com.]

Other Links:

Long Depression, Wikipedia (last quarter of the Nineteenth Century; the first era of Globalization was a period of falling prices which was associated with persistent economic depression).

Panic of 1873, Wikipedia (initiated the Long Depression of the Nineteenth Century).

Gold standard, Wikipedia (monetary system that notably dictated the terms of international trade during the period 1870-1914).

Great Depression, Wikipedia (1930s).

Autarky, Wikipedia (as the first era of Globalization ended many national economies turned inward).

Import substitution industrialization, Wikipedia (pursued by some countries as a path to economic development as an alternative to a global division of labor based on international trade, but in all cases has resulted in poor long-term economic outcomes).

Bretton Woods system, Wikipedia (the monetary system that ordered the terms of international trade following World War II until the early 1970s).

General Agreement on Tariffs and Trade, Wikipedia (ordered the terms of international trade following World War II until 1993).

World Trade Organization, Wikipedia (has ordered the terms of international trade since 1995).

International trade, Wikipedia.

Globalization, Wikipedia.

Free trade, Wikipedia.

Comparative advantage, Wikipedia.

Neoliberalism, Wikipedia.

Washington Consensus, Wikipedia.