Carolina Planters on the Alabama Frontier: The Spencer-Robeson-McKenzie Family collects the papers of Elihu Spencer, a fourth-generation New Englander, and his family and Southern descendants, to form a history of the American nation from the point of view of planters and those they held in slavery. The documents in this volume are accounts of a privileged world that was afflicted by constant loss and despair. The families lived as isolated, landed gentry in a society where medical treatment had hardly evolved since the Middle Ages. The papers together form a dramatic narrative of early Americans from the mid-eighteenth century to the harsh years after the Civil War. They created their new society with courage and imagination and tenacity, while never recognizing their own moral blind spot regarding the holding of human beings in slavery. It brought about the collapse of their world--poignantly expressed in these letters.
Poverty and Power asserts that American poverty is a structural problem resulting from failings in our social system rather than individual failings of the poor. Contrary to the popular belief that poverty results from individual deficiencies—that poor people lack intelligence, determination, or skills—author Edward Royce introduces students to the very real structural issues that stack the balance of power in the United States. The book introduces four systems that contribute to inequality in the U.S.—economic, political, cultural, and structural—then discusses ten institutional problems that make life difficult for the poor and contribute to the persistence of poverty. Throughout the book, the author compares individualistic and structural approaches to poverty to assess strengths and limitations of each view. The second edition of this provocative book has been revised throughout with new statistical information, as well as analysis of the recent recession, the Obama presidency, increasing political polarization, the rise of the Tea Party and appearance of the Occupy Movement, new anti-poverty movements, and more.
The voluminous literature comparing public-private partnerships (P3s) and own-investment (OI) by the public sector is dominated by contributions from microeconomic theory. This paper gives macroeconomics a voice in the debate by investigating the repercussions of P3 vs. OI in a dynamic general equilibrium model featuring private capital accumulation and involuntary unemployment with efficiency wages. Typically P3s cost more but produce higher-quality infrastructure and boast a better on-time completion record than OI; consequently, they are comparatively more effective in reducing underinvestment in private capital, underinvestment in infrastructure, unemployment and poverty. The asymmetric impact on macro externalities raises the social return in the P3 2 - 9 percentage points relative to the social return to OI, depending on whether the externalities operate singly or in combination and on whether P3 enjoys an advantage in speed of construction.
In the wake of the Great Recession, housing and its financing suddenly re-emerged as questions of significant public concern. Yet both public and academic debates about housing have remained constricted, tending not to explore how the evolution of housing simultaneously entails basic forms of socio-spatial reproduction and underlying tensions in the political order. Drawing on cutting edge perspectives from urban studies, this book grants renewed, interdisciplinary energy to the housing question. It explores how housing raises a series of vexing issues surrounding rights, identity, and justice in the modern city. Through finely detailed studies that illuminate national and regional particularities- ranging from analyses of urban planning in the Soviet Union, the post-Katrina reconstruction of New Orleans, to squatting in contemporary Lima - the volume underscores how housing questions matter in a wide range of contexts. It draws attention to ruptures and continuities between high modernist and neoliberal forms of urbanism, demonstrating how housing and the dilemmas surrounding it are central to governance and the production of space in a rapidly urbanizing world.
We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly enhances the efficacy of inflation targeting. In a flexible exchange rate system, inflation targeting incurs a high risk of indeterminacy where macroeconomic fluctuations can be driven by self-fulfilling expectations. Moreover, small inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank leans heavily against the wind in a managed float.
Inflation targeting (IT) is a relatively new monetary policy framework for low-income countries (LICs). The limited number of LICs with an IT framework and the short time that has elapsed since the adoption of this framework explains why there are no previous empirical studies on the performance of IT in LICs. This paper has made a first attempt at filling this gap. It finds that inflation targeting appears to be associated with lower inflation and inflation volatility. At the same time, there is no robust evidence of an adverse impact on output. This may explain the appeal of IT for many LICs, where building credibility of monetary policy is difficult and minimizing output costs of reducing inflation is imperative for social and political reasons.
We reconsider the macroeconomic implications of public investment efficiency, defined as the ratio between the actual increment to public capital and the amount spent. We show that, in a simple and standard model, increases in public investment spending in inefficient countries do not have a lower impact on growth than in efficient countries, a result confirmed in a simple cross-country regression. This apparently counter-intuitive result, which contrasts with Pritchett (2000) and recent policy analyses, follows directly from the standard assumption that the marginal product of public capital declines with the capital/output ratio. The implication is that efficiency and scarcity of public capital are likely to be inversely related across countries. It follows that both efficiency and the rate of return need to be considered together in assessing the impact of increases in investment, and blanket recommendations against increased public investment spending in inefficient countries need to be reconsidered. Changes in efficiency, in contrast, have direct and potentially powerful impacts on growth: “investing in investing” through structural reforms that increase efficiency, for example, can have very high rates of return.
We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy reactions necessary to ensure debt-sustainability; and (iv) the macroeconomic adjustment required to ensure internal and external balance. Well-executed high-yielding public investment programs can substantially raise output and consumption and be self-financing in the long run. However, even if the long run looks good, transition problems can be formidable when concessional financing does not cover the full cost of the investment program. Covering the resulting gap with tax increases or spending cuts requires sharp macroeconomic adjustments, crowding out private investment and consumption and delaying the growth benefits of public investment. Covering the gap with domestic borrowing market is not helpful either: higher domestic rates increase the financing challenge and private investment and consumption are still crowded out. Supplementing with external commercial borrowing, on the other hand, can smooth these difficult adjustments, reconciling the scaling up with feasibility constraints on increases in tax rates. But the strategy may be also risky. With poor execution, sluggish fiscal policy reactions, or persistent negative exogenous shocks, this strategy can easily lead to unsustainable public debt dynamics. Front-loaded investment programs and weak structural conditions (such as low returns to public capital and poor execution of investments) make the fiscal adjustment more challenging and the risks greater.
A complete muster and regimental history for the 19th Texas Infantry, Confederate States Army. This volume was written and compiled by men whose grandfathers had served honorably in the 19th Texas. There is a photo section at the back of the book with photographs of some of the men who served in the 19th Texas during the War for Southern Independence.
Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one at a time and of policy packages that increase public investment in energy and infrastructure in scenarios with varying degrees of debt finance and with different types of supporting fiscal adjustment. Lowering the fiscal deficit by raising taxes and cutting government expenditure has adverse effects on growth, real wages and the supply of public services. Senegal does not need, however, to undertake such difficult fiscal adjustment. A public investment program that coordinates new investment in low-cost hydroelectric, coal or gas-fired power with a phased contraction of the oil-based sector raises the total supply of energy by 70 percent, increases real wages and real GDP, stimulates private investment, and significantly reduces the fiscal deficit in the medium long term. More aggressive investment programs borrow against future fiscal gains to combine new energy investments with either delayed or frontloaded investments in non-energy infrastructure. These programs lead to much higher real wages and real GDP while keeping public debt sustainable and the fiscal deficit low in the medium and long term.
From the 1848 Treaty of Guadalupe Hidalgo to the 1960s, Mexican American Catholics experienced racism and discrimination within the U.S. Catholic church, as white priests and bishops maintained a racial divide in all areas of the church's ministry. To oppose this religious apartheid and challenge the church to minister fairly to all of its faithful, a group of Chicano priests formed PADRES (Padres Asociados para Derechos Religiosos, Educativos y Sociales, or Priests Associated for Religious, Educational, and Social Rights) in 1969. Over the next twenty years of its existence, PADRES became a powerful force for change within the Catholic church and for social justice within American society. This book offers the first history of the founding, activism, victories, and defeats of PADRES. At the heart of the book are oral history interviews with the founders of PADRES, who describe how their ministries in poor Mexican American parishes, as well as their own experiences of racism and discrimination within and outside the church, galvanized them into starting and sustaining the movement. Richard Martínez traces the ways in which PADRES was inspired by the Chicano movement and other civil rights struggles of the 1960s and also probes its linkages with liberation theology in Latin America. He uses a combination of social movement theory and organizational theory to explain why the group emerged, flourished, and eventually disbanded in 1989.
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector. These features allow for a deeper examination of macroeconomic and fiscal policy programs and their impact on labor market outcomes, inequality, and poverty. The paper illustrates the model's properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective than investment in infrastructure in promoting long-run economic development when investments earn their average estimated returns. The decision about how much to invest in human capital versus infrastructure involves, however, an acute intertemporal trade-off. Because investment in education affects labor productivity with a long lag, it takes 15+ years before net national income, the private capital stock, real wages for the poor, and formal sector employment surpass their counterparts in a program that invests mainly in infrastructure. The ranking of alternative investment programs depends on the policymakers' social discount rate and on the weight of distributional objectives in the social welfare function.
The Ashgate Research Companion to Black Sociology provides the most up to date exploration and analysis of research focused on Blacks in America. Beginning with an examination of the project of Black Sociology, it offers studies of recent events, including the ‘Stand Your Ground’ killing of Trayvon Martin, the impact of Hurricane Katrina on emerging adults, and efforts to change voting requirements that overwhelmingly affect Blacks, whilst engaging with questions of sexuality and family life, incarceration, health, educational outcomes and racial wage disparities. Inspired by W.E.B. Du Bois’s charge of engaging in objective research that has a positive impact on society, and organised around the themes of Social Inequities, Blacks and Education, Blacks and Health and Future Directions, this timely volume brings together the latest interdisciplinary research to offer a broad overview of the issues currently faced by Blacks in United States. A timely, significant research guide that informs readers on the social, economic and physical condition of Blacks in America, and proposes directions for important future research. The Ashgate Research Companion will appeal to policy makers and scholars of Africana Studies, Sociology, Cultural Studies, Anthropology and Politics, with interests in questions of race and ethnicity, gender and sexuality, social inequalities, health and education.
“[A] linguist . . . takes readers on a tour across the state, using names and language to tell its history.” ―Alcalde Was Gasoline, Texas, named in honor of a gas station? Nope, but the name does honor the town’s original claim to fame: a gasoline-powered cotton gin. Is Paris, Texas, a reference to Paris, France? Yes: Thomas Poteet, who donated land for the town site, thought it would be an improvement over “Pin Hook,” the original name of the Lamar County seat. Ding Dong’s story has a nice ring to it; the name was derived from two store owners named Bell, who lived in Bell County, of course. Tracing the turning points, fascinating characters, and cultural crossroads that shaped Texas history, Texas Place Names provides the colorful stories behind these and more than three thousand other county, city, and community names. Drawing on in-depth research to present the facts behind the folklore, linguist Edward Callary also clarifies pronunciations (it’s NAY-chis for Neches, referring to a Caddoan people whose name was attached to the Neches River during a Spanish expedition). A great resource for road trippers and historians alike, Texas Place Names alphabetically charts centuries of humanity through the enduring words (and, occasionally, the fateful spelling gaffes) left behind by men and women from all walks of life. “[A] quite useful book.” ―Austin American-Statesman
In the twentieth century Japan emerged as one of the world’s leading economic powers: rising from wartime destruction to a leading economic engine in world markets. Japan’s economic aid policy, beginning with war reparations following its defeat in World War II, became a vehicle to help achieve this economic success. As the country continued to flourish, economic aid also became a means of expanding the country’s influence in an era of increasing globalization, providing an alternative strategy for helping developing nations escape the traps of poverty: a strategy drawn from its own experience of reemergence. And as we stand at the beginning of a new century, Japanese aid policy may also serve as a potential model for other nations who are on the cusp of entering high-income status and the group of elite world donors: a model that in many ways lies in contrast to policies espoused by other advanced Western nations. The book Japan’s Aid examines the strengths and weaknesses of Japanese aid policy in all of these dimensions: in fostering economic growth in both its own economic success story and in the numerous countries to which it has served as the single largest bilateral donor over many years; and as a policy that other nations might emulate. Through a combination of insightful case studies and rigorous econometric investigation, the book presents a comprehensive examination of the pros and cons of Japan’s aid.
Poverty and Power suggests that today's poverty results from deep-rooted disparities in income, wealth, and power. The rate and severity of poverty remain high, because millions of Americans are trapped in low-wage jobs, inadequately served by government policy, excluded from mainstream policy debates, and vitimized by discrimination and social exculsion
Racial and ethnic minority groups in the United States have been growing rapidly in recent decades. Projections based on census data indicate that, in coming years, white people will statistically dominate noticeably fewer regions and public spaces. How will this reversal of minority status affect ideas about race? In spaces dominated by people of color, will attitudes about white privilege change? Or, will deeply rooted beliefs about racial inequality be resilient to numerical shifts in strength? In An Unexpected Minority, sociologist Edward Morris addresses these far-reaching questions by exploring attitudes about white identity in a Texas middle school composed predominantly of African Americans, Latinos, and Asians. Based on his ethnographic research, Morris argues that lower-income white students in urban schools do not necessarily maintain the sort of white privilege documented in other settings. Within the student body, African American students were more frequently the "cool" kids, and white students adopted elements of black culture-including dress, hairstyle, and language-to gain acceptance. Morris observes, however, that racial inequalities were not always reversed. Stereotypes that cast white students as better behaved and more academically gifted were often reinforced, even by African American teachers. Providing a new and timely perspective to the significant role that non-whites play in the construction of attitudes about whiteness, this book takes an important step in advancing the discussion of racial inequality and its future in this country.
The Tornado gives account of one of the world’s most terrifying natural disasters. Twisters have left their wake of freakish consequences throughout the United States and the world, and The Tornado vividly describes some of the most bizarre from around the country—houseboats sailing through the air; cars flown to a landing half a cornfield away; an entire house lifted and demolished, leaving only a divan holding the uninjured family. The most detailed description of a tornado and the violence it can bring comes from the author’s focus on the tragedy of one American town in 1953. John Edward Weems was an eyewitness reporter of a funnel that hit Waco, Texas, on May 11 of that year. In gripping narrative, he portrays the events of that day: a man clinging to a guard rail while a mailbox, plate glass, bricks, and assorted debris whizzed past his head; automobiles rolling end on end down the street; buildings falling like blocks knocked down by an angry child; a movie theater crumbling on the terrified patrons. When the storm had passed, 114 people were dead and hundreds injured; property damage ran in the tens of millions of dollars. Research in news reports, government weather documents, and books flesh out this account, which Pulitzer-prize winner Annie Dillard called “wonderfully exciting. It is full of people, and the thousands of details that make up their lives—and deaths. [It is] a story of enormous power.” John Banta, writing in the Waco Tribune-Herald, described it as “a gripping story of human drama and tragedy.” Kirkus Reviews said, “. . . the events still chill face to face with a power that defies reason.” Royalties from the sale of The Tornado will benefit the book fund of the Waco-McLennan County Public Library.
In 1989 New Zealand embarked on what is arguably the most thorough and dramatic transformation of a compulsory state education system ever undertaken by an industrialized country. Under a plan known as Tomorrow's Schools this island nation of 3.8 million people abolished its national Department of Education and turned control of its nearly 2,700 primary and secondary schools over to locally elected boards of trustees. Virtually overnight, one of the world's most tightly controlled public education systems became one of the most decentralized. Two years later, in 1991, with a new government in power, New Zealand enacted further reforms that introduced full parental choice of schools and encouraged the development of a competitive culture in the state education system. Debate rages in the United States about whether similar reforms would improve the performance of the country's troubled public school system. Judgments about the potential benefits of these ideas, as well as the general relevance of economic models to educational systems, tap into deeply held values, and discussion in the U.S. has been hampered by the lack of practical experience with them. The extended and widespread experiences of New Zealand, whose school system functions much like our own, provide U.S. policy makers with a wide range of appropriate insights and implications to consider as they gauge the merits of bold education reform. When Schools Compete is the first book to provide detailed quantitative and qualitative analysis of the New Zealand experiment. Combining the perceptive observations of a prominent education journalist and the analytical skills of an academic policy analyst, this book will help supporters and critics of market-based education reforms better anticipate the potential long-term consequences of applying ideas of market competition to the delivery of education.
Dive into the heart of wartime innovation and manufacturing through this groundbreaking book, unveiling a riveting narrative of technological mastery and organizational ingenuity. This meticulously researched work challenges conventional views of wartime production, offering a fresh perspective on the incredible efforts that drove the Allies to victory. Young's insightful analyses illuminate the strategic collaboration between the aerospace and automotive industries, showcasing their collective adaptation that created the engines powering victory. Spanning continents, Young examines the transformation of aircraft engine manufacturing during World War II. Unearthing the operations of key players such as the Bristol Aeroplane Company, Pratt & Whitney, and Wright Aeronautical, he sheds light on the monumental shift from traditional batch production to revolutionary quantity production. Readers will witness the birth of new factories, the development of advanced machine tools, and the innovation required to produce engines of unparalleled complexity and precision. Through Young's fresh perspective, the book unveils the intricate interplay of crisis techno-politics, engineering resilience, and the pivotal role of innovation in shaping the tides of history. This book is not just a study of the past; it is a critical foundation for understanding the dynamics of wartime production that continue to influence our world today. "Edward Young's reconstruction and analysis of the Allies' massive World War II aircraft engine programs is priceless, unique, thorough and critical - all at once." Philip Scranton Professor Emeritus, History of Industry and Technology, Rutgers University (ISBN 9781468606645, ISBN 9781468606652, ISBN 9781468606669, DOI 10.4271/9781468606652)
Fresh from successful flights before royalty in Europe, and soon after thrilling hundreds of thousands of people by flying around the Statue of Liberty, in the fall of 1909 Wilbur and Orville Wright decided the time was right to begin manufacturing their airplanes for sale. Backed by Wall Street tycoons, including August Belmont, Cornelius Vanderbilt III, and Andrew Freedman, the brothers formed the Wright Company. The Wright Company trained hundreds of early aviators at its flight schools, including Roy Brown, the Canadian pilot credited with shooting down Manfred von Richtofen—the “Red Baron”—during the First World War; and Hap Arnold, the commander of the U.S. Army Air Forces during the Second World War. Pilots with the company’s exhibition department thrilled crowds at events from Winnipeg to Boston, Corpus Christi to Colorado Springs. Cal Rodgers flew a Wright Company airplane in pursuit of the $50,000 Hearst Aviation Prize in 1911. But all was not well in Dayton, a city that hummed with industry, producing cash registers, railroad cars, and many other products. The brothers found it hard to transition from running their own bicycle business to being corporate executives responsible for other people’s money. Their dogged pursuit of enforcement of their 1906 patent—especially against Glenn Curtiss and his company—helped hold back the development of the U.S. aviation industry. When Orville Wright sold the company in 1915, more than three years after his brother’s death, he was a comfortable man—but his company had built only 120 airplanes at its Dayton factory and Wright Company products were not in the U.S. arsenal as war continued in Europe. Edward Roach provides a fascinating window into the legendary Wright Company, its place in Dayton, its management struggles, and its effects on early U.S. aviation.
Winner, 2014 Distinguished Contribution to Research Award presented by the Latina/o Sociology Section of the American Sociological Association Los Angeles is the epicenter of the American gang problem. Rituals and customs from Los Angeles’ eastside gangs, including hand signals, graffiti, and clothing styles, have spread to small towns and big cities alike. Many see the problem with gangs as related to urban marginality—for a Latino immigrant population struggling with poverty and social integration, gangs offer a close-knit community. Yet, as Edward Orozco Flores argues in God’s Gangs, gang members can be successfully redirected out of gangs through efforts that change the context in which they find themselves, as well as their notions of what it means to be a man. Flores here illuminates how Latino men recover from gang life through involvement in urban, faith-based organizations. Drawing on participant observation and interviews with Homeboy Industries, a Jesuit-founded non-profit that is one of the largest gang intervention programs in the country, and with Victory Outreach, a Pentecostal ministry with over 600 chapters, Flores demonstrates that organizations such as these facilitate recovery from gang life by enabling gang members to reinvent themselves as family men and as members of their community. The book offers a window into the process of redefining masculinity. As Flores convincingly shows, gang members are not trapped in a cycle of poverty and marginality. With the help of urban ministries, such men construct a reformed barrio masculinity to distance themselves from gang life.
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