Advertisement
| roger farmer how the economy works: How the Economy Works Roger E. A. Farmer, 2014-05 By explaining, comparing, and finally combining classical and Keynesian economics, Roger Farmer shows how to design ways of correcting the excesses of free market economies that preserve the best features of capitalism without stifling entrepreneurship. |
| roger farmer how the economy works: Prosperity for All Roger E. A. Farmer, 2017 In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. Written in clear, accessible language by prominent macroeconomic theorist Roger E. A. Farmer, Prosperity for All proposes a paradigm shift and policy changes that could successfully raise employment rates, keep inflation at bay, and stimulate growth. |
| roger farmer how the economy works: The Macroeconomics of Self-fulfilling Prophecies Roger E. A. Farmer, 1999 Farmer argues for the future of macroeconomics as a branch ofapplied general equilibrium theory. His main theme is thatmacroeconomics is best viewed as the study of equilibrium environmentsin which the welfare theorems break down. |
| roger farmer how the economy works: Economics in One Lesson Henry Hazlitt, 2010-08-11 Over a million copies sold! A fundamental influence on modern libertarianism, this classic guide to the basics of economic theory defends capitalism and the free market from economic myths that persist to this day. “A magnificent job of theoretical exposition.”—Ayn Rand Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt wrote Economics in One Lesson in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than fifty years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong—and strongly reasoned—anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication. |
| roger farmer how the economy works: Farmer George Plants a Nation Peggy Thomas, 2008-02-01 School Library Journal Best Book of the Year NSTA/CBC Outstanding Science Trade Book American Farm Bureau Foundation for Education Recommended Book Besides being a general and the first president of the United States, did you know that George Washington was also a farmer? Here's a look at America's first President as he's rarely seen. George Washington was the first leader of our country—but he was also an inventor, scientist, and the most forward-thinking farmer of his time. As he worked to make the new country independent, he also struggled to create a self-sufficient farm at Mount Vernon, Virginia. Excerpts from Washington's writings are featured throughout this nonfiction picture book, which also includes a timeline, resource section, as well as essays on Washington at Mount Vernon and his thoughts on slavery. Both the author and illustrator worked closely with the staff of Mount Vernon Estate & Gardens to render an accurate portrait of Farmer George at work. Nebraska Farm Bureau Children’s Agriculture Book of the Year Ohio Farm Bureau’s Children’s Book Award A Wisconsin Ag in the Classroom Book of the Year Kansas State Reading Circle Recommended Reading List |
| roger farmer how the economy works: Good Economics for Hard Times Abhijit V. Banerjee, Esther Duflo, 2019-11-12 The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world. |
| roger farmer how the economy works: The Little Book of Economics Greg Ip, 2013-01-14 An accessible, thoroughly engaging look at how the economy really works and its role in your everyday life Not surprisingly, regular people suddenly are paying a lot closer attention to the economy than ever before. But economics, with its weird technical jargon and knotty concepts and formulas can be a very difficult subject to get to grips with on your own. Enter Greg Ip and his Little Book of Economics. Like a patient, good-natured tutor, Greg, one of today's most respected economics journalists, walks you through everything you need to know about how the economy works. Short on technical jargon and long on clear, concise, plain-English explanations of important terms, concepts, events, historical figures and major players, this revised and updated edition of Greg's bestselling guide clues you in on what's really going on, what it means to you and what we should be demanding our policymakers do about the economy going forward. From inflation to the Federal Reserve, taxes to the budget deficit, you get indispensible insights into everything that really matters about economics and its impact on everyday life Special sections featuring additional resources of every subject discussed and where to find additional information to help you learn more about an issue and keep track of ongoing developments Offers priceless insights into the roots of America's economic crisis and its aftermath, especially the role played by excessive greed and risk-taking, and what can be done to avoid another economic cataclysm Digs into globalization, the roots of the Euro crisis, the sources of China's spectacular growth, and why the gap between the economy's winners and losers keeps widening |
| roger farmer how the economy works: Putting Auction Theory to Work Paul Robert Milgrom, 2004-01-12 Table of contents |
| roger farmer how the economy works: The Great Persuasion Angus Burgin, 2012-10-30 Just as economists struggle today to justify the free market after the global economic crisis, an earlier generation revisited their worldview after the Great Depression. In this intellectual history of that project, Burgin traces the evolution of postwar economic thought in order to reconsider the most basic assumptions of a market-centered world. |
| roger farmer how the economy works: Principles of Economics Alfred Marshall, 1890 |
| roger farmer how the economy works: Mr. Jefferson's Lost Cause Roger G. Kennedy, 2003 Thomas Jefferson advocated a republic of small farmers--free and independent yeomen. And yet as president he presided over a massive expansion of the slaveholding plantation system, particularly with the Louisiana Purchase, squeezing the yeomanry to the fringes and to less desirable farmland. Now Roger G. Kennedy conducts an eye-opening examination of the gap between Jefferson's stated aspirations and what actually happened. Kennedy reveals how the Louisiana Purchase had a major impact on land use and the growth of slavery. He examines the great financial interests (such as the powerful land companies that speculated in new territories and the British textile interests) that beat down slavery's many opponents in the South itself (Native Americans, African Americans, Appalachian farmers, and conscientious opponents of slavery). He describes how slaveholders' cash crops--first tobacco, then cotton--sickened the soil and how the planters moved from one desolated tract to the next. Soon the dominant culture of the entire region--from Maryland to Florida, from Carolina to Texas--was that of owners and slaves producing staple crops for international markets. The earth itself was impoverished, in many places beyond redemption. None of this, Kennedy argues, was inevitable. He focuses on the character, ideas, and ambitions of Thomas Jefferson to show how he and other Southerners struggled with the moral dilemmas presented by the presence of Indian farmers on land they coveted, by the enslavement of their workforce, by the betrayal of their stated hopes, and by the manifest damage being done to the earth itself. Jefferson emerges as a tragic figure in a tragic period. Mr. Jefferson's Lost Cause was a CHOICE Outstanding Academic Title for 2003. |
| roger farmer how the economy works: Principles of Political Economy John Stuart Mill, 1884 |
| roger farmer how the economy works: A Little History of Economics Niall Kishtainy, 2017-03-07 A lively, inviting account of the history of economics, told through events from ancient to modern times and the ideas of great thinkers in the field What causes poverty? Are economic crises inevitable under capitalism? Is government intervention in an economy a helpful approach or a disastrous idea? The answers to such basic economic questions matter to everyone, yet the unfamiliar jargon and math of economics can seem daunting. This clear, accessible, and even humorous book is ideal for young readers new to economics and for all readers who seek a better understanding of the full sweep of economic history and ideas. Economic historian Niall Kishtainy organizes short, chronological chapters that center on big ideas and events. He recounts the contributions of key thinkers including Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, and others, while examining topics ranging from the invention of money and the rise of agrarianism to the Great Depression, entrepreneurship, environmental destruction, inequality, and behavioral economics. The result is a uniquely enjoyable volume that succeeds in illuminating the economic ideas and forces that shape our world. |
| roger farmer how the economy works: Does Foreign Aid Really Work? Roger Riddell, 2008-08-07 Provided for over 60 years, and expanding more rapidly today than it has for a generation, foreign aid is now a $100bn business. But does it work? Indeed, is it needed at all? In this first-ever, overall assessment of aid, Roger Riddell provides a rigorous but highly readable account of aid, warts and all. |
| roger farmer how the economy works: On the Economy of Machinery and Manufactures Charles Babbage, 1835 |
| roger farmer how the economy works: Can Heterodox Economics Make a Difference? Phil Armstrong, 2020-11-27 In a series of in-depth interviews with leading economists and policymakers from different schools including Austrian, Monetarist, New-Keynesian, Post-Keynesian, Modern Monetary Theory, Marxist, Sraffian and Institutionalist, this intriguing book sheds light upon the behaviour of economists and the sociology of the economics profession by enabling economists to express their views on a wide range of issues. Exploring why the aftermath of the 2008 global financial crisis did not pave the way for an uptake in heterodox economic approaches, these key thinkers consider why mainstream economics still reigns supreme and explore whether an alternative approach can be developed to rival it. The most important issues facing the discipline are addressed, and the book offers a particular focus upon the extent to which radical economists can work together to provide a genuine alternative to orthodoxy. The analytical responses to important questions posed to each interviewee make this a critical read for practising economists both inside and outside of academia. It will also be a thought-provoking book for economics students focusing both on orthodox and heterodox viewpoints, as it offers important insights to the nuances between a vast range of different schools of thought. |
| roger farmer how the economy works: The Roman Market Economy Peter Temin, 2013 The quality of life for ordinary Roman citizens at the height of the Roman Empire probably was better than that of any other large group of people living before the Industrial Revolution. The Roman Market Economy uses the tools of modern economics to show how trade, markets, and the Pax Romana were critical to ancient Rome's prosperity.Peter Temin, one of the world's foremost economic historians, argues that markets dominated the Roman economy. He traces how the Pax Romana encouraged trade around the Mediterranean, and how Roman law promoted commerce and banking. Temin shows that a reasonably vibrant market for wheat extended throughout the empire, and suggests that the Antonine Plague may have been responsible for turning the stable prices of the early empire into the persistent inflation of the late. He vividly describes how various markets operated in Roman times, from commodities and slaves to the buying and selling of land. Applying modern methods for evaluating economic growth to data culled from historical sources, Temin argues that Roman Italy in the second century was as prosperous as the Dutch Republic in its golden age of the seventeenth century.The Roman Market Economy reveals how economics can help us understand how the Roman Empire could have ruled seventy million people and endured for centuries. |
| roger farmer how the economy works: A Revolution Down on the Farm Paul K. Conkin, 2008-09-01 At a time when food is becoming increasingly scarce in many parts of the world and food prices are skyrocketing, no industry is more important than agriculture. Humans have been farming for thousands of years, and yet agriculture has undergone more fundamental changes in the past 80 years than in the previous several centuries. In 1900, 30 million American farmers tilled the soil or tended livestock; today there are fewer than 4.5 million farmers who feed a population four times larger than it was at the beginning of the century. Fifty years ago, the planet could not have sustained a population of 6.5 billion; now, commercial and industrial agriculture ensure that millions will not die from starvation. Farmers are able to feed an exponentially growing planet because the greatest industrial revolution in history has occurred in agriculture since 1929, with U.S. farmers leading the way. Productivity on American farms has increased tenfold, even as most small farmers and tenants have been forced to find other work. Today, only 300,000 farms produce approximately ninety percent of the total output, and overproduction, largely subsidized by government programs and policies, has become the hallmark of modern agriculture. A Revolution Down on the Farm: The Transformation of American Agriculture since 1929 charts the profound changes in farming that have occurred during author Paul K. Conkin's lifetime. His personal experiences growing up on a small Tennessee farm complement compelling statistical data as he explores America's vast agricultural transformation and considers its social, political, and economic consequences. He examines the history of American agriculture, showing how New Deal innovations evolved into convoluted commodity programs following World War II. Conkin assesses the skills, new technologies, and government policies that helped transform farming in America and suggests how new legislation might affect farming in decades to come. Although the increased production and mechanization of farming has been an economic success story for Americans, the costs are becoming increasingly apparent. Small farmers are put out of business when they cannot compete with giant, non-diversified corporate farms. Caged chickens and hogs in factory-like facilities or confined dairy cattle require massive amounts of chemicals and hormones ultimately ingested by consumers. Fertilizers, new organic chemicals, manure disposal, and genetically modified seeds have introduced environmental problems that are still being discovered. A Revolution Down on the Farm concludes with an evaluation of farming in the twenty-first century and a distinctive meditation on alternatives to our present large scale, mechanized, subsidized, and fossil fuel and chemically dependent system. |
| roger farmer how the economy works: Strategies for Monetary Policy John H. Cochrane, John B. Taylor, 2020-05-01 As the Federal Reserve System conducts its latest review of the strategies, tools, and communication practices it deploys to pursue its dual-mandate goals of maximum employment and price stability, Strategies for Monetary Policy—drawn from the 2019 Monetary Policy Conference at the Hoover Institution—emerges as an especially timely volume. The book's expert contributors examine key policy issues, offering their perspectives on US monetary policy tools and instruments and the interaction between Fed policies and financial markets. The contributors review central bank inflation-targeting policies, how various monetary strategies actually work in practice, and the use of nominal GDP targeting as a way to get the credit market to work well and fix the friction in that market. In addition, they discuss the effects of the various rules that the Fed considers in setting policy, how the Fed's excessive fine-tuning of the economy and financial markets has added financial market volatility and harmed economic performance, and the key issues that impact achievement of the Fed's 2 percent inflation objective. The volume concludes by exploring potential options for enhancing our policy approach. |
| roger farmer how the economy works: Economics for Real People Gene Callahan, 2002 |
| roger farmer how the economy works: Ways and Means Roger Lowenstein, 2022-03-08 “Captivating . . . [Lowenstein] makes what subsequently occurred at Treasury and on Wall Street during the early 1860s seem as enthralling as what transpired on the battlefield or at the White House.” —Harold Holzer, Wall Street Journal “Ways and Means, an account of the Union’s financial policies, examines a subject long overshadowed by military narratives . . . Lowenstein is a lucid stylist, able to explain financial matters to readers who lack specialized knowledge.” —Eric Foner, New York Times Book Review From renowned journalist and master storyteller Roger Lowenstein, a revelatory financial investigation into how Lincoln and his administration used the funding of the Civil War as the catalyst to centralize the government and accomplish the most far-reaching reform in the country’s history Upon his election to the presidency, Abraham Lincoln inherited a country in crisis. Even before the Confederacy’s secession, the United States Treasury had run out of money. The government had no authority to raise taxes, no federal bank, no currency. But amid unprecedented troubles Lincoln saw opportunity—the chance to legislate in the centralizing spirit of the “more perfect union” that had first drawn him to politics. With Lincoln at the helm, the United States would now govern “for” its people: it would enact laws, establish a currency, raise armies, underwrite transportation and higher education, assist farmers, and impose taxes for them. Lincoln believed this agenda would foster the economic opportunity he had always sought for upwardly striving Americans, and which he would seek in particular for enslaved Black Americans. Salmon Chase, Lincoln’s vanquished rival and his new secretary of the Treasury, waged war on the financial front, levying taxes and marketing bonds while desperately battling to contain wartime inflation. And while the Union and Rebel armies fought increasingly savage battles, the Republican-led Congress enacted a blizzard of legislation that made the government, for the first time, a powerful presence in the lives of ordinary Americans. The impact was revolutionary. The activist 37th Congress legislated for homesteads and a transcontinental railroad and involved the federal government in education, agriculture, and eventually immigration policy. It established a progressive income tax and created the greenback—paper money. While the Union became self-sustaining, the South plunged into financial free fall, having failed to leverage its cotton wealth to finance the war. Founded in a crucible of anticentralism, the Confederacy was trapped in a static (and slave-based) agrarian economy without federal taxing power or other means of government financing, save for its overworked printing presses. This led to an epic collapse. Though Confederate troops continued to hold their own, the North’s financial advantage over the South, where citizens increasingly went hungry, proved decisive; the war was won as much (or more) in the respective treasuries as on the battlefields. Roger Lowenstein reveals the largely untold story of how Lincoln used the urgency of the Civil War to transform a union of states into a nation. Through a financial lens, he explores how this second American revolution, led by Lincoln, his cabinet, and a Congress studded with towering statesmen, changed the direction of the country and established a government of the people, by the people, and for the people. |
| roger farmer how the economy works: Solving and Estimating Indeterminate DSGE Models Mr.Roger Farmer, Mr.Vadim Khramov, 2013-10-01 We propose a method for solving and estimating linear rational expectations models that exhibit indeterminacy and we provide step-by-step guidelines for implementing this method in the Matlab-based packages Dynare and Gensys. Our method redefines a subset of expectational errors as new fundamentals. This redefinition allows us to treat indeterminate models as determinate and to apply standard solution algorithms. We provide a selection method, based on Bayesian model comparison, to decide which errors to pick as fundamental and we present simulation results to show how our procedure works in practice. |
| roger farmer how the economy works: Philosophy, Politics, and Economics Gerald Gaus, John Thrasher, 2021-11-16 Philosophy, Politics, and Economics offers a complete introduction to the fundamental tools and concepts of analysis that PPE students need to study social and political issues. This fully updated and expanded edition examines the core methodologies of rational choice, strategic analysis, norms, and collective choice that serve as the bedrocks of political philosophy and the social sciences. The textbook is ideal for advanced undergraduates, graduate students, and nonspecialists looking to familiarize themselves with PPE's approaches. |
| roger farmer how the economy works: The Ordinary Business of Life Roger E. Backhouse, 2024-01-23 The classic history of economic thought through the ages—now fully updated and expanded Hesiod defined the basic economic problem as one of scarce resources, a view still held by economists today. Diocletian tried to save the Roman Empire with wage and price fixes—a strategy that has not gone entirely out of style. Roger Backhouse takes readers from the ancient world to the frontiers of game theory, mechanism design, and engagements with climate science, presenting an essential history of a discipline that economist Alfred Marshall called “the study of mankind in the ordinary business of life.” Backhouse introduces the many fascinating figures who have thought about money and markets down through the centuries—from philosophers and theologians to politicians and poets—and shows how today’s economic ideas have their origins in antiquity. This updated edition of The Ordinary Business of Life includes a new chapter on contemporary economics and the rest of the book has been thoroughly revised. |
| roger farmer how the economy works: Less is More Jason Hickel, 2020-08-13 'A powerfully disruptive book for disrupted times ... If you're looking for transformative ideas, this book is for you.' KATE RAWORTH, economist and author of Doughnut Economics A Financial Times Book of the Year ______________________________________ Our planet is in trouble. But how can we reverse the current crisis and create a sustainable future? The answer is: DEGROWTH. Less is More is the wake-up call we need. By shining a light on ecological breakdown and the system that's causing it, Hickel shows how we can bring our economy back into balance with the living world and build a thriving society for all. This is our chance to change course, but we must act now. ______________________________________ 'A masterpiece... Less is More covers centuries and continents, spans academic disciplines, and connects contemporary and ancient events in a way which cannot be put down until it's finished.' DANNY DORLING, Professor of Geography, University of Oxford 'Jason is able to personalise the global and swarm the mind in the way that insects used to in abundance but soon shan't unless we are able to heed his beautifully rendered warning.' RUSSELL BRAND 'Jason Hickel shows that recovering the commons and decolonizing nature, cultures, and humanity are necessary conditions for hope of a common future in our common home.' VANDANA SHIVA, author of Making Peace With the Earth 'This is a book we have all been waiting for. Jason Hickel dispels ecomodernist fantasies of green growth. Only degrowth can avoid climate breakdown. The facts are indisputable and they are in this book.' GIORGIS KALLIS, author of Degrowth 'Capitalism has robbed us of our ability to even imagine something different; Less is More gives us the ability to not only dream of another world, but also the tools by which we can make that vision real.' ASAD REHMAN, director of War on Want 'One of the most important books I have read ... does something extremely rare: it outlines a clear path to a sustainable future for all.' RAOUL MARTINEZ, author of Creating Freedom 'Jason Hickel takes us on a profound journey through the last 500 years of capitalism and into the current crisis of ecological collapse. Less is More is required reading for anyone interested in what it means to live in the Anthropocene, and what we can do about it.' ALNOOR LADHA, co-founder of The Rules 'Excellent analysis...This book explores not only the systemic flaws but the deeply cultural beliefs that need to be uprooted and replaced.' ADELE WALTON |
| roger farmer how the economy works: Lessons for the Young Economist Robert P. Murphy, 2012 |
| roger farmer how the economy works: New Rules for the New Economy Kevin Kelly, 1999 The classic book on business strategy in the new networked economy— from the author of the New York Times bestseller The Inevitable Forget supply and demand. Forget computers. The old rules are broken. Today, communication, not computation, drives change. We are rushing into a world where connectivity is everything, and where old business know-how means nothing. In this new economic order, success flows primarily from understanding networks, and networks have their own rules. In New Rules for the New Economy, Kelly presents ten fundamental principles of the connected economy that invert the traditional wisdom of the industrial world. Succinct and memorable, New Rules explains why these powerful laws are already hardwired into the new economy, and how they play out in all kinds of business—both low and high tech— all over the world. More than an overview of new economic principles, it prescribes clear and specific strategies for success in the network economy. For any worker, CEO, or middle manager, New Rules is the survival kit for the new economy. |
| roger farmer how the economy works: Enough Is Enough Rob Dietz, Daniel W. O'Neill, 2013 This powerful book sets out arguments and an agenda of policy proposals for achieving a sustainable and prosperous, but non-growing economy, also known as a steady-state economy. The authors describe a plan for solving the major social and environmental problems which face us today on a finite planet with a rapidly growing population. |
| roger farmer how the economy works: Political Economy, Concisely Anthony De Jasay, 2009 Anthony de Jasay is arguably one of the most independent thinkers and influential libertarian political philosophers of our time. Jasay challenges the reigning paradigms justifying modern democratic government, critiquing what he regards as the well-intentioned but illinformed arguments favoring the modern expansion of state power. The articles collected in Political Economy, Concisely are exactly what the title promises: a collection of concise essays that examine the political economy of a free society. Written for the general reader and specialist alike, these essays articulate a convincing classical liberal view of the world, with a no-nonsense approach to modern economic theory. Many of the articles are collected here for the first time in book form. Jasay's aim here is to clarify basic concepts in the realm of political and economic philosophy, such as property, equality and distributive justice, public goods, unemployment, opportunity costs, and welfare. His trenchant comments on European economics and political systems provide specifics that support his more general observations of the modern world. Arranged topically, these essays reflect the wit and intellectual elegance of their author, challenging conventional wisdom in a subtle yet incisive manner. Russian and French tragicomedies are used as striking illustrations of the fact that the human mind seems to be characteristically unwilling to endorse economic common sense against the myth of the beneficial effects of government control. Such lively topics as How to Get a Free Lunch: Just Apply for It; Your Dog Owns Your House; Russia Hobbling Along on Clay Feet; Who Minds the Gap? and Free Riding on the Euro both entertain and instruct. The topical arrangement within the sequence of the seven parts of the text provides a meaningful context for the reader and allows information to be accessed in a comprehensible manner. This book gives a jargon-free economic account of important matters in our daily lives. Its emphasis on the political rather than the ordinary business of life fills the need for revitalising classical political economy, concisely. |
| roger farmer how the economy works: The Unsettling of America Wendell Berry, 1996-03-01 A critical inquiry into the ways Americans have exploited and continue to exploit the land that sustains them, tracing attitudes toward and methods of farming from the eighteenth century to the present |
| roger farmer how the economy works: Subsistence Agriculture and Economic Development Clifton R. Wharton, |
| roger farmer how the economy works: How the Economy Works Roger E. A. Farmer, 2010-04-08 Of all the economic bubbles that have been pricked, the editors of The Economist recently observed, few have burst more spectacularly than the reputation of economics itself. Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its place? In How the Economy Works, one of our leading economists provides a jargon-free exploration of the current crisis, offering a powerful argument for how economics must change to get us out of it. Roger E. A. Farmer traces the swings between classical and Keynesian economics since the early twentieth century, gracefully explaining the elements of both theories. During the Great Depression, Keynes challenged the longstanding idea that an economy was a self-correcting mechanism; but his school gave way to a resurgence of classical economics in the 1970s-a rise that ended with the current crisis. Rather than simply allowing the pendulum to swing back, Farmer writes, we must synthesize the two. From classical economics, he takes the idea that a sound theory must explain how individuals behave-how our collective choices shape the economy. From Keynesian economics, he adopts the principle that markets do not always work well, that capitalism needs some guidance. The goal, he writes, is to correct the excesses of a free-market economy without stifling entrepreneurship and instituting central planning. Recent events have shown that we cannot afford to treat economics as an ivory-tower abstraction. It has a direct impact on our lives by guiding regulators and policymakers as they make decisions with far-reaching practical consequences. Written in clear, accessible language, How the Economy Works makes an argument that no one should ignore. |
| roger farmer how the economy works: The Great Transformation Karl Polanyi, 2025-07-08 In this classic work of economic history and social theory, Karl Polanyi analyzes the economic and social changes brought about by the great transformation of the Industrial Revolution. His analysis explains not only the deficiencies of the self-regulating market, but the potentially dire social consequences of untempered market capitalism. New introductory material reveals the renewed importance of Polanyi's seminal analysis in an era of globalization and free trade. |
| roger farmer how the economy works: How Asia Works Joe Studwell, 2013-03-28 Until the catastrophic economic crisis of the late 1990s, East Asia was perceived as a monolithic success story. But heady economic growth rates masked the most divided continent in the world - one half the most extraordinary developmental success story ever seen, the other half a paper tiger. Joe Studwell explores how policies ridiculed by economists created titans in Japan, Korea and Taiwan, and are now behind the rise of China, while the best advice the West could offer sold its allies in South-East Asia down the economic river. The first book to offer an Asia-wide deconstruction of success and failure in economic development, Studwell's latest work is provocative and iconoclastic - and sobering reading for most of the world's developing countries. How Asia Works is a must-read book that packs powerful insights about the world's most misunderstood continent. |
| roger farmer how the economy works: Basic Economics Thomas Sowell, 2014-12-02 The bestselling citizen's guide to economics Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English. |
| roger farmer how the economy works: Secular stagnation Larry Summers, 2019-12 The biggest economic debate of our time centres around one fundamental question: is the decreased growth in today's world economy a short-term glitch -- or is it part of a permanent spiral? Without an answer, we have no hope of steering our international economies back towards the growth they need. After the global financial crisis, Larry Summers, Harvard professor and former director of the White House National Economic Council, reintroduced into economic debate the concept of 'secular stagnation', arguing persuasively that we're stuck in a trap of persistent low growth and depressed employment. The causes are various, from new technologies that have shifted the economy to zero-cost designed goods, to interest rates that can't go lower than zero. Without bold government intervention, there's no way out. And there's no time to lose. |
| roger farmer how the economy works: Agriculture and the State E. C. Pasour, 1990 This book analyzes the effects of farm policies and shows how they are responsible for the high and rising cost of food and the ruin of the small farmer. |
| roger farmer how the economy works: The Theory of Political Economy William Stanley Jevons, 1965 |
| roger farmer how the economy works: Harvest Wobblies Greg Hall, 2001 Increased Mechanization and the expansion of new markets transformed the face of American farming in the early decades of the twentieth century, especially in the American West. These changes demanded a new kind of agricultural worker--gone was the local farmhand, replaced by a cheap and temporary labor force of migrant and seasonal workers. Greg Hall's fascinating book analyzes how harvest Wobblies, members of the Industrial Workers of the World (IWW), organized these men, women, and sometimes children who had become so essential and yet so exploited on the farms of the West. Although harvest Wobblies worked in nearly all the western states, their stongholds were the Great Plains, California, and the Pacific Northwest, regions where harmers developed monocrop agriculture and where seasonal labor was indispensable come harvest time. Like their IWW brethren in logging camps and mines, the harvest Wobblies combined an effort to improve the lives of workers with harger revolutionary goals. Harvest Wobblies personified most of the indelible features of IWW membership: they were the militant casual laborers of the American West, riding the rails, living in hobo jungles, preaching revolution, and facing repression with innovative strategies, impassioned speech, humor, and song. Through trial and error, Wobbly organizers eventually implemented the idea of an industrial union in agriculture and helped the IWW to establish itself as a powerful force to be reckoned with by employers in the West. In tracing the rise and the eventual fall of the harvest Wobblies, Greg Hall examines the diverse and changing nature of the agricultural work force. He offers a social and cultural history of a union uniquely suited to organizing tens of thousands of migrant and seasonal workers. Harvest Wobblies will appeal to a broad audience of readers interested in labor history, the American West, U.S. agricultural history, and the history of the IWW. |
| roger farmer how the economy works: Investment Biker Jim Rogers, 2014-10-09 This book is about the author's amazing trip across six continents and the world economy and society. It discusses who's sinking and who's swimming, which countries are on the rise and which are collapsing, where you can make a million and where you could lose one. Every place he stopped on the trip, Rogers talked to businessmen, bankers, investors and regular people. He learned reams of information that you'd never learn from reading the financial pages of any periodical. Delivers a thrilling account of the journey of a lifetime and provides tips that would enable you to pay for a trip just like it. |
英语口语中表明「收到」时所说的「Roger that」中「roger」是怎 …
Oct 19, 2014 · 每个字母应该怎么读，是有具体规定的。 其中，有相当长一段时间（1943-1956）英美军事人员都用“roger”指代字母“r”。
在军事术语中，Roger和Copy有什么区别？ - 知乎
1、Roger 罗杰： 1999年的《星际大战：威胁潜伏》中，反派的战斗机器人相当的傻气，一直说着“Roger ！Roger！”，也就成了著名的文化基因。 “Roger”是“我收到你的讯息”的简写，其实原意 …
Remove Jolly Roger Virus – Restore .Locked Files
Dec 30, 2022 · Jolly Roger is the name of a new ransomware cryptovirus. This ransomware is a variant of the EDA2 open-source project. The virus places the extension .locked after …
.ROGER Virus File (Dharma Ransomware) – Removal (Update Jan.
Dec 30, 2022 · The .ROGER files virus is a ransomware from the Crysis/Dharma family. It is extremely dangerous ransomware due to the fact that it encrypts personal files located on the …
電影里有roger that 和copy that兩者在什麼情況下用? - 知乎
copy指收到了对方说的话，roger不但是收到，而且有“理解并且会遵照执行”的意味。 具体来说，说话者和接收者如果是平级的，比如都是士兵，警员，那么这两个词一般是可以通用的。 如果 …
什么是分子胶，和PROTAC有什么区别？靶向蛋白降解剂的原理及 …
Created by Roger B. Dodd 通过这一机制，细胞能够精确地调控蛋白质的稳定性和代谢。 这一发现的重要性不仅对于生物学的理解，还在药物研发和治疗疾病方面具有深远的影响。
英语口语中表明「收到」时所说的「Roger that」中「roger」是怎 …
Oct 19, 2014 · 每个字母应该怎么读，是有具体规定的。 其中，有相当长一段时间（1943-1956）英美军事人员都用“roger”指代字母“r”。
在军事术语中，Roger和Copy有什么区别？ - 知乎
1、Roger 罗杰： 1999年的《星际大战：威胁潜伏》中，反派的战斗机器人相当的傻气，一直说着“Roger ！Roger！”，也就成了著名的文化基因。 “Roger”是“我收到你的讯息”的简写，其实原意 …
Remove Jolly Roger Virus – Restore .Locked Files
Dec 30, 2022 · Jolly Roger is the name of a new ransomware cryptovirus. This ransomware is a variant of the EDA2 open-source project. The virus places the extension .locked after …
.ROGER Virus File (Dharma Ransomware) – Removal (Update …
Dec 30, 2022 · The .ROGER files virus is a ransomware from the Crysis/Dharma family. It is extremely dangerous ransomware due to the fact that it encrypts personal files located on the …
電影里有roger that 和copy that兩者在什麼情況下用? - 知乎
copy指收到了对方说的话，roger不但是收到，而且有“理解并且会遵照执行”的意味。 具体来说，说话者和接收者如果是平级的，比如都是士兵，警员，那么这两个词一般是可以通用的。 如果 …
什么是分子胶，和PROTAC有什么区别？靶向蛋白降解剂的原理 …
Created by Roger B. Dodd 通过这一机制，细胞能够精确地调控蛋白质的稳定性和代谢。 这一发现的重要性不仅对于生物学的理解，还在药物研发和治疗疾病方面具有深远的影响。
