07 Apr 2012

FDL Book Salon Welcomes James K. Galbraith, Inequality and Instability: A Study of the World Economy Just Before the Great Crisis

James Galbraith’s Inequality and Instability updates and motivates two intertwined and core issues facing the world today. Professor Galbraith takes on the macroeconomy, economics profession, and the structural trends in the world economy.

0
07 Apr 2012

FDL Book Salon Welcomes James K. Galbraith, Inequality and Instability: A Study of the World Economy Just Before the Great Crisis

James Galbraith’s Inequality and Instability updates and motivates two intertwined and core issues facing the world today. Professor Galbraith takes on the macroeconomy, economics profession and the structural trends in the world economy. The work builds up analytics, reports outcomes and suggests areas of future inquiry. The metrics and results are clearly presented, cogently argued and made readily available to lay readers and professionals in the space. It would be difficult to imagine more essential subjects to modernize and re-energize than issues of growing inequity and endemic insecurity.

172
03 Jul 2011

FDL Book Salon Welcomes Jeff Madrick, Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present

Age of Greed offers a long survey of the rise of regulation liberated financial markets and actors. The historical sweep is artful and well presented. The text argues for a return to more caged financial markets and actors. The steady and mounting pressures on the American middle class are correlated with the rising excesses, fortunes and missteps of financiers and their vehicles.

0
03 Jul 2011

FDL Book Salon Welcomes Jeff Madrick, Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present

Host, Max Fraad Wolff:

Age of Greed offers a long survey of the rise of regulation liberated financial markets and actors. The historical sweep is artful and well presented. The text argues for a return to more caged financial markets and actors. The steady and mounting pressures on the American middle class are correlated with the rising excesses, fortunes and missteps of financiers and their vehicles. The personal biographies are well chosen, convincingly presented and illustrative.

130
28 Feb 2010

FDL Book Salon Welcomes Moshe Adler, Economics for the Rest of Us

Moshe Adler’s Economics for the Rest of US is a strong introduction to the core conceits and theories of modern economics. The book takes readers on a well written tour of leading thoughts on key topics of perennial concern. Employment, equality, efficiency, wages are thrown around moving minds and legislation. As we struggle with high unemployment, stagnant wages and international competition, these issues must be understood. I would recommend this work as a intellectually curious guide to thinking about vital issues and the discipline of economics. It is valuable to have a fast, smooth run through of these topics. The interplay between the field of economics and the economy is a long ignored and vital discussion.

128
26 Sep 2009

FDL Book Salon Welcomes Nomi Prins, It Takes A Pillage

Nomi has done us a great service in reviewing how we got here and where we went wrong. Each morning’s headlines are full of reverberations and aftershocks of the crisis. Each evening we get promises of change and hear a growing chorus of assurance that the worst is behind us. All of this makes It Takes a Pillage an essential guide to understanding how the financial-political-economic system works in today’s America and beyond. Sadly, pillage, scandal and misinformation make up much of the core of our recent financial history.

158
28 Jul 2009

FDL Book Salon Welcomes Matt Taibbi, The Great American Bubble Machine

The Great American Bubble Machine explores Goldman Sachs as a particular potentate and beneficiary of the policy choices and approaches followed by American regulators and politicians since March 2008. Goldman’s announcement of $3.44 billion in quarterly profits on July14, 2009 speaks to just how well the firm has done lately. Matt’s article is far ranging and conspiratorial in tenor. It is also full of verifiable facts and very biting humor. The work details the extraordinary penetration of Goldman alumni into top regulatory positions and the peerless assistance Goldmen received and benefited from throughout the crisis. It is hard to doubt that this firm is vastly overrepresented among senior officials. Clinton, Bush and Obama employed/employ the following Goldmen: Henry Paulson, Robert Rubin, Robert Steel, Joshua Bolten, Mark Patterson, Edward Liddy, Neel Kashkari, Gary Gensler, Stephen Friedman, William Dudley, Robert Hormats. In many tense, rushed and closed door meetings Goldman was represented on both sides of the bargaining table. These meetings often ended in decisions that were extremely beneficial to Goldman interests.

162