False Dawn: The Delusions of Global Capitalism

Back when Margaret Thatcher was prime minister of Great Britain, John Gray was an influential conservative thinker, whose writings helped influence the revitalization of the laissez-faire market in that country. Now, as free-market champions seek to make over the (mostly) postcommunist world in their own image, Gray has experienced a moment of apostasy. False Dawn argues that, far from bringing about economic paradise, global capitalism, … [ Read more ]

Guide to Economic Indicators: Making Sense of Economics (The Economist Series)

Guide for the non-specialist on interpreting economic indicators relating to GDP and GNI (GNP); growth, trends, and cycles; population and employment; government; consumers; investment and savings; industry and commerce; balance of payments; exchange rates; and money and financial markets. Clearly explains the economic realities of today’s world.

Free Trade under Fire

The 1990s began with fears of a “great sucking sound” of jobs lost due to the North American Free Trade Agreement and ended with opponents of the World Trade Organization taking to the streets in the “Battle of Seattle.” Why has global trade become so controversial? Does free trade deserve its bad reputation? In Free Trade under Fire, Douglas Irwin sweeps aside the misconceptions that … [ Read more ]

Financial Education Starts at Home

The similar economic position of parents and children is partly determined by how well parents teach their children to save.

Against the Dead Hand: The Uncertain Struggle for Global Capitalism

“There are few higher callings than exposing the antiglobalization movement for what it really is: an enemy not just of clear thinking but also of economic progress. Brink Lindsey rises to this task manfully. In this eloquently written and powerfully argued book, he shows that, far from being complete, the current wave of globalization has just begun. And to charges that globalization is responsible for … [ Read more ]

Micro lessons for Argentina

In Latin America, macroeconomic reform isn’t enough: sustained growth can be achieved only by removing microeconomic barriers to productivity as well.

Editor’s Note: a very interesting application of economic analysis that will be of interest to those interested in international business, country competitiveness, and/or economics.

Also check out “Don’t Cry For Argentina” at:
Content: Article | Authors: Eduardo Urdapilleta, Heinz-Peter Elstrodt, Pablo Ordorica Lenero | Source: McKinsey Quarterly | Subjects: Economics, International – Americas

One Market Under God: Extreme Capitalism, Market Populism, and the End of Economic Democracy

After nearly a decade of bull markets, Americans have come to equate free markets with democracy. Never one for mincing words, social critic Thomas Frank, editor of The Baffler and author of The Conquest of Cool, challenges this myth. With his acerbic wit and contempt for sophistry, he declares the New Economy a fraud. Frank scours business literature, management theory, and marketing and advertising to … [ Read more ]

Anglobalization

Economic historians continue to debate the causes of the great divergence of economic fortunes which has characterized the last half millennium. In this debate, the role of colonialism and specifically the British Empire has a crucial role to play. If geography, climate, and disease provide a sufficient explanation for the widening of global inequalities, then the policies and institutions exported by British imperialism were of … [ Read more ]

Netting A Profit

“Last fall, Robert Litan of the Brookings Institution and I, along with a team of researchers at Momentum Research Group, set out to examine and quantify how the Internet has affected productivity and profitability. To what extent, we wondered, did Internet investments contribute to the revenue growth of the companies that launched them, and to what extent did they contribute to cost reduction? Which Internet … [ Read more ]

George Soros on Globalization

Financial mastermind Soros (The Alchemy of Finance, etc.) has made his mark as a philanthropist with a progressive foreign policy, fostering open societies. He equates globalization with “the free movement of capital and the increasing domination of national economies by global financial markets and multinational corporations.” In this treatise, he explains how his vision to “make global capitalism more stable and equitable” acknowledges that antiglobalization … [ Read more ]

Unequal Protection: The Rise of Corporate Dominance

“If you wonder why the corporate world constantly lurches from malaise to oppression to governmental corruption and back, Unequal Protection reveals the untold story. Beneath the success and rise of American enterprise is an untold history that is antithetical to every value Americans hold dear. This is a seminal work, a godsend really, a clear message to every citizen about the need to reform our … [ Read more ]

The World Competitiveness Yearbook (WCY)

The World Competitiveness Yearbook (WCY) is the world’s most renowned and comprehensive annual report on the competitiveness of nations, ranking and analyzing how a nation’s environment sustains the competitiveness of enterprises.

Published annually since 1989, the IMD yearbook examines the relationship between a country’s national environment and the wealth-creation process, ranking “the ability of nations to provide an environment that sustains the competitiveness of enterprises.”

The … [ Read more ]

Mohanbir Sawhney

The limitations of space have long dictated the economics of exchange transactions… In the Network Economy, the limitations of space no longer apply… But a funny thing happened on the path to frictionless capitalism. The economics of distance died, but the economics of attention took its place… But in many markets, customers find themselves overwhelmed with vendors clamoring for their attention, and vendors find themselves … [ Read more ]

The Insider’s Guide to Economic Forecasting

Or, How to Get Ahead of the Competition by Becoming Your Own Economist.A well-known economist pulls back the curtain on the indicators he and other top insiders use to figure out where the economy is headed. These indicators can guide you, too.

It’s a Small World After All?

In recent years, the economies of the United States and its largest trading partners have increasingly marched to their own drummers – even as trade and financial integration have increased. It may sound like a paradox, but it’s not.

Saving Capitalism from the Capitalists

Capitalism’s biggest problem is the executive in pinstripes who extols the virtues of competitive markets with every breath while attempting to extinguish them with every action.

Saving Capitalism from the Capitalists is a groundbreaking book that will radically change our understanding of the capitalist system, particularly the role of financial markets. They are the catalyst for inspiring human ingenuity and spreading prosperity. The perception of many, … [ Read more ]