The global economy was booming as 2020 dawned, but within a few short months wreckage, death, and desperation borne of economic contraction were the new normal. What happened? In When Politicians Panicked, economic commentator John Tamny tells the heart-wrenching story of a time when politicians were tragically relieved of basic common sense in their response to the new coronavirus. In March of 2020, the virus quickly became a major news item as political panic about it traveled around the world. Even though anecdotal and market-based evidence from the virus’s epicenter indicated very low lethality, politicians quickly imposed economy-crushing lockdowns on the rather specious assumption that unemployment, bankruptcy, and starvation would somehow halt the virus’s spread. Tamny methodically dismantles the political consensus by showing how economic growth has long been the first and last answer to death and disease. He then shows how politicians, having mindlessly crushed a growing economy, proceeded to double down on their mistakes by throwing taxpayer money at their shocking errors. Throughout When Politicians Panicked, Tamny makes a relentless case that free people don’t just produce the wealth that renders today’s killers yesterday’s news. They also produce crucial information about health threats that shine a light on that which threatens us. Lockdowns suffocate economic progress, but they also blind us to how we can progress—as Tamny makes plain in what will go down as an essential history for anyone seeking to understand the coronavirus panic of 2020.
From the author of Popular Economics comes a surpringly sunny projection of America's future job market. Forget the doomsday predictions of sour-faced nostalgists who say automization and globalization will take away your dream job. The job market is only going to get better and better, according to economist John Tamny, who argues in The End of Work that the greatest gift of prosperity, beyond freedom from painful want, is the existence of work that is interesting.
“John Tamny is a one-man antidote to economic obfuscation and mystification.” —George Will, Nationally Syndicated Columnist “In spirit, Tamny does for economics what the Gutenberg printing press did for the Bible, making a previously inaccessible subject open to all. Equally important, he does to economists what Toto did to the Wizard of Oz: pulling aside the curtain to expose the fraud that has become modern economics.” —Steve Forbes, Chairman and Editor-in-Chief, Forbes Media “Ignore John Tamny’s easy to read Popular Economics at your own moral peril. It’s as close to spiritual as you get in this realm—a better tutorial than any econ text.” - Ken Fisher, Founder & CEO, Fisher Investments “John’s book is many things. It’s a great way to learn economics, it’s a very strong case for economic liberty, and it is an epic myth-buster. I will be giving it out to friends, of all viewpoints, for a long, long time.” - Cliff Asness, Managing Principal, AQR Capital ECONOMICS 101 In Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You About Economics (Regnery Publishing; April 13, 2015; $27.99) Tamny translates the so-called difficult and intimidating subject of economics into plain language, revealing that there is nothing mysterious about finance, commerce, and budgets. In fact, we are all microeconomists in our daily lives. “Economics is easy, and its lessons are all around us,” says Tamny. “But Americans have allowed the so-called ‘experts’ to convince them they can’t understand, much less grow the economy. Happily, economic growth is simple, too. If you can understand the four basic elements of economic growth—taxes, regulation, trade, and money— prosperity will explode.” Much like Freakonomics, Tamny uses pop culture and engaging stories to illustrate how understanding our economy is common sense—just look no further than the movies we enjoy, the sports we watch, and what we do every day. In Popular Economics, you’ll discover: How Paris Hilton and the Dallas Cowboys help illustrate good and bad tax policy How Facebook and Monday Night Football demonstrate the debilitating effect of antitrust regulation How the simple act of cooking chicken wings reveals why the “floating dollar” is a recipe for disaster Why Downton Abbey and ESPN are evidence that the U.S. should bulldoze its tax code
From the author of Popular Economics comes a surpringly sunny projection of America's future job market. Forget the doomsday predictions of sour-faced nostalgists who say automization and globalization will take away your dream job. The job market is only going to get better and better, according to economist John Tamny, who argues in The End of Work that the greatest gift of prosperity, beyond freedom from painful want, is the existence of work that is interesting.
“John Tamny is a one-man antidote to economic obfuscation and mystification.” —George Will, Nationally Syndicated Columnist “In spirit, Tamny does for economics what the Gutenberg printing press did for the Bible, making a previously inaccessible subject open to all. Equally important, he does to economists what Toto did to the Wizard of Oz: pulling aside the curtain to expose the fraud that has become modern economics.” —Steve Forbes, Chairman and Editor-in-Chief, Forbes Media “Ignore John Tamny’s easy to read Popular Economics at your own moral peril. It’s as close to spiritual as you get in this realm—a better tutorial than any econ text.” - Ken Fisher, Founder & CEO, Fisher Investments “John’s book is many things. It’s a great way to learn economics, it’s a very strong case for economic liberty, and it is an epic myth-buster. I will be giving it out to friends, of all viewpoints, for a long, long time.” - Cliff Asness, Managing Principal, AQR Capital ECONOMICS 101 In Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You About Economics (Regnery Publishing; April 13, 2015; $27.99) Tamny translates the so-called difficult and intimidating subject of economics into plain language, revealing that there is nothing mysterious about finance, commerce, and budgets. In fact, we are all microeconomists in our daily lives. “Economics is easy, and its lessons are all around us,” says Tamny. “But Americans have allowed the so-called ‘experts’ to convince them they can’t understand, much less grow the economy. Happily, economic growth is simple, too. If you can understand the four basic elements of economic growth—taxes, regulation, trade, and money— prosperity will explode.” Much like Freakonomics, Tamny uses pop culture and engaging stories to illustrate how understanding our economy is common sense—just look no further than the movies we enjoy, the sports we watch, and what we do every day. In Popular Economics, you’ll discover: How Paris Hilton and the Dallas Cowboys help illustrate good and bad tax policy How Facebook and Monday Night Football demonstrate the debilitating effect of antitrust regulation How the simple act of cooking chicken wings reveals why the “floating dollar” is a recipe for disaster Why Downton Abbey and ESPN are evidence that the U.S. should bulldoze its tax code
The Federal Reserve is one of the most disliked entities in the United States at present, right alongside the IRS. Americans despise the Fed, but they’re also generally a bit confused as to why they distrust our central bank. Their animus is reasonable, though, because the Fed’s most famous function—targeting the Fed funds rate—is totally backwards. John Tamny explains this backwardness in terms of a Taylor Swift concert followed by a ride home with Uber. In modern times, he points out, the notion of credit has been perverted, so that most people believe it’s money and that the supply of it can therefore be increased. This false notion has aggrandized the Fed with power that it can’t possibly use wisely. The contrast between the grinding poverty of Baltimore and the abundance of Silicon Valley helps illustrate the problem, along with stories about Donald Trump, Robert Downey Jr., Jim Harbaugh (the Michigan football coach), and robots. Who Needs the Fed? makes a sober case against the Federal Reserve by explaining what credit really is, and why the Fed’s existence is inimical to its creation. Readers will come away entertained, much more knowledgeable, and prepared to argue that the Fed is merely superfluous on its best days but perilous on its worst.
Get ready to have everything you’ve ever believed about housing and homeownership challenged. In Bringing Adam Smith into the American Home, authors Jack Ryan and John Tamny make a powerful case that the purchase of a home slows wealth attainment—rendering owners immobile in ways that further restrain their wealth chances—and that the act of homeownership deprives owners of the time and ability to do what they do best, which further dampens individual economic achievement. Thanks to the residential real estate pricing cartel, homeownership has become so costly that it has erected wildly expensive barriers to the very mobility that powers so much individual prosperity. As the cartel prospers, homebuyers and sellers alike suffer its rigidity. Ryan and Tamny call for the evisceration of realtor commissions—the only price in all of capitalism that has not come down even a little over the decades despite capitalism’s brilliant track record of bringing down the price of everything. Ryan, owner of a national residential realty business, recognizes that the very commissions realtors cling to are paradoxically harming them, all the while discreetly but powerfully shrinking prosperity for everyone else. In a book chock-full of insights from Adam Smith, author of the greatest economics book ever written, Ryan and Tamny make their highly original argument available for all as they reveal the truth about the housing market and homeownership.
The global economy was booming as 2020 dawned, but within a few short months wreckage, death, and desperation borne of economic contraction were the new normal. What happened? In When Politicians Panicked, economic commentator John Tamny tells the heart-wrenching story of a time when politicians were tragically relieved of basic common sense in their response to the new coronavirus. In March of 2020, the virus quickly became a major news item as political panic about it traveled around the world. Even though anecdotal and market-based evidence from the virus’s epicenter indicated very low lethality, politicians quickly imposed economy-crushing lockdowns on the rather specious assumption that unemployment, bankruptcy, and starvation would somehow halt the virus’s spread. Tamny methodically dismantles the political consensus by showing how economic growth has long been the first and last answer to death and disease. He then shows how politicians, having mindlessly crushed a growing economy, proceeded to double down on their mistakes by throwing taxpayer money at their shocking errors. Throughout When Politicians Panicked, Tamny makes a relentless case that free people don’t just produce the wealth that renders today’s killers yesterday’s news. They also produce crucial information about health threats that shine a light on that which threatens us. Lockdowns suffocate economic progress, but they also blind us to how we can progress—as Tamny makes plain in what will go down as an essential history for anyone seeking to understand the coronavirus panic of 2020.
This book seeks to illustrate the interconnections of science and philosophy with religion and politics in the early modern period by focusing on the institutional dynamics of the university. Much of the work is devoted to one key university- that of Cambridge- and examines the major issues of the institutional setting of Newton’s work, the religious and political circumstances that favoured its dissemination, and the way in which it was dealt with in the curriculum. But the author also seeks to place the problem of the role of science in the early modern university in a larger, European context. To do so, he includes a close prosopographical analysis of the scientific community from the mid-15th TO the end of the 18th century, and discusses the complex relations between the universities and the Enlightenment.
The accelerating cross-border flow of products, services, capital, ideas, technology and people is driving businesses--large and small--to internationalise. International Business 2nd Australasian edition: the New Realities is a rigorous resource which prepares future managers to operate successfully in multinational settings. Case studies from a wide variety of markets relevant to Australasian business, including ASEAN countries as well as China, India, Japan, South Korea, Pakistan, Europe and the Middle East, provide a real-world perspective to theories and examine the latest trends in international business. The second edition of International Business features 10 new in-depth case studies specially created for this edition. For undergraduate students majoring in international business or post-graduate courses in international business.
What is the nature of social psychological science? What does a realist approach to human behaviour offer? Originally published in 1991, this lucid introduction to the philosophy of social psychological science takes a new and original approach to the subject. The author repudiates traditional empiricist and hermeneutical accounts, advancing instead a realist philosophy of social psychological science that maintains objectivity while at the same time stressing the social dimensions of mind and action. The author provides novel perspectives on the problems and potential of those sciences concerned with human behaviours that are constituted as meaningful actions by their social relational, and representational dimensions. He focuses in particular on the social identity of human actions and psychological states, on the objectivity of theoretical description and causal explanation, and on the role of experimentation. This approach, aimed at reconciling our scientific interest with our human intuitions, results in a richer conception of social psychological theory and phenomena than was found in most contemporary theoretical accounts. A stimulating and thought-provoking text, this title will still be of special value to students and teachers of psychology, sociology, anthropology and philosophy.
Imagine one day you went to a cash-machine and found your money was gone. You rushed to your branch, where a teller said that overnight people had stopped believing in money, and it all vanished. Seem incredible? It happened, and it could happen again. Twilight of the Money Gods is the story of economics, told not as the science it strove to be, but as the religion it became. Over two centuries, it searched for the hidden codes which would reveal the path to a promised land of material abundance. While its prophets, from Adam Smith to John Maynard Keynes and Milton Friedman, concerned themselves with the human condition, its priesthood gradually grew remote from its followers, until it lost sight of their tribulations. Today, amid a crisis of faith in their expertise, we must re-imagine an economics for a new era - one filled with both danger and opportunity.
In these articles John Henry argues on the one hand for the intimate relationship between religion and early modern attempts to develop new understandings of nature, and on the other hand for the role of occult concepts in early modern natural philosophy. Focussing on the scene in England, the articles provide detailed examinations of the religious motivations behind Roman Catholic efforts to develop a new mechanical philosophy, theories of the soul and immaterial spirits, and theories of active matter. There are also important studies of animism in the beginnings of experimentalism, the role of occult qualities in the mechanical philosophy, and a new account of the decline of magic. As well as general surveys, the collection includes in depth studies of William Gilbert, Sir Kenelm Digby, Henry More, Francis Glisson, Robert Boyle, Robert Hooke, and Isaac Newton.
How can the United States create the political will to address our major urban problems—poverty, unemployment, crime, traffic congestion, toxic pollution, education, energy consumption, and housing, among others? That’s the basic question addressed by the new edition of this award-winning book. Thoroughly revised and updated for its third edition, Place Matters examines the major trends and problems shaping our cities and suburbs, explores a range of policy solutions to address them, and looks closely at the potential political coalitions needed to put the country’s “urban crisis” back on the public agenda. The problem of rising inequality is at the center of Place Matters. During the past several decades, the standard of living for the American middle class has stagnated, the number of poor people has reached its highest level since the 1960s, and the super-rich have dramatically increased their share of the nation’s wealth and income. At the same time, Americans have grown further apart in terms of where they live, work, and play. This trend—economic segregation—no longer simply reflects the racial segregation between white suburbs and minority cities. In cities and suburbs alike, poor, middle class, and wealthy Americans now live in separate geographic spaces. The authors have updated the case studies and examples used to illustrate the book’s key themes, incorporated the latest Census data, and drawn on exit polls and other data to examine the voting patterns and outcomes of the 2012 elections. They have expanded their discussion of how American cities are influenced by and influence global economic and social forces and how American cities compare with their counterparts in other parts of the world. And they draw upon the latest research and case studies not only to examine the negative impacts of income inequality and economic segregation, but also assess the efforts that civic and community groups, unions, business, and government are making to tackle them. Fully up to date and far richer and more provocative, this new version surpasses its previous editions and will continue to be an essential volume for all who study urban politics and care about our cities.
An essential introductory textbook that shows students how science came to be such an important aspect of modern culture. Lively and readable, it provides a rich historical survey of the major developments in scientific thought, from the Ancient Greeks to the twentieth century. John Henry also explains how new scientific theories have emerged and analyses their impact on contemporary thinking. This is an ideal core text for modules on the History of Science, Medicine and Technology, or the History and Philosophy of Science - or a supplementary text for broader modules on European History or Intellectual History - which may be offered at the upper levels of an undergraduate History, Philosophy or Science degree. In addition it is a crucial resource for students who may be studying the history of science for the first time as part of a taught postgraduate degree in European History, Intellectual History, Science or Philosophy.
Get ready to have everything you’ve ever believed about housing and homeownership challenged. In Bringing Adam Smith into the American Home, authors Jack Ryan and John Tamny make a powerful case that the purchase of a home slows wealth attainment—rendering owners immobile in ways that further restrain their wealth chances—and that the act of homeownership deprives owners of the time and ability to do what they do best, which further dampens individual economic achievement. Thanks to the residential real estate pricing cartel, homeownership has become so costly that it has erected wildly expensive barriers to the very mobility that powers so much individual prosperity. As the cartel prospers, homebuyers and sellers alike suffer its rigidity. Ryan and Tamny call for the evisceration of realtor commissions—the only price in all of capitalism that has not come down even a little over the decades despite capitalism’s brilliant track record of bringing down the price of everything. Ryan, owner of a national residential realty business, recognizes that the very commissions realtors cling to are paradoxically harming them, all the while discreetly but powerfully shrinking prosperity for everyone else. In a book chock-full of insights from Adam Smith, author of the greatest economics book ever written, Ryan and Tamny make their highly original argument available for all as they reveal the truth about the housing market and homeownership.
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