The presidency of Lyndon Johnson was a pivotal moment in twentieth-century American history. From the decisive social programs of the Great Society, to the triumph of the Civil and Voting Rights Acts, to the catastrophe of the Vietnam War and domestic unrest, it was an era of dramatic accomplishment and wrenching tragedy. In Guns or Butter, renowned historian Irving Bernstein brings those five climactic years of the sixties vividly to life, from the moment Lee Harvey Oswald aimed a rifle from the window of the Texas School Depository to the tense ballot-counting that put Richard Nixon in the White House in 1968. Bernstein's book is a narrative masterpiece, filled with sharply drawn character sketches and swiftly moving accounts of events that range from deals cut in the Senate cloakroom, to police charging after protesters on the streets of Selma, to Vietcong commandos bursting into the American embassy in Saigon. We see Johnson ordering aides Bill Moyers and Richard Goodwin to strip and join him for a skinny-dip in the White House pool, where they formulate the Great Society. And we see a tired, distracted president pacing in his bathrobe around a table model of the besieged Khe Sanh garrison, examining aerial photographs and casualty reports. Equally important, Bernstein offers a deft assessment of Johnson's successes and failures, from his legislative programs to his futile pursuit of the war in Vietnam to his failure to boost Hubert Humphrey's presidential campaign in 1968. The author not only retells the maneuvering that brought the president's plans into law, he also analyzes and explains their impact, from the Voting Rights Act to Medicare. The Great Society, Bernstein concludes, was a triumph, but Johnson's attempt to have both guns and butter, to pursue massive domestic initiatives together with a bitter undeclared war, led to runaway inflation that ultimately undermined his presidency. From the dark moments after Kennedy's assassination in 1963, to the heady days of legislative victories of 1965, to the bloody crescendo of riots, assassinations, and military battles in 1968, Johnson's administration was a defining moment in modern American history. In Guns or Butter, Irving Bernstein brilliantly captures both the events and the meaning of those momentous years. Aside from its historical value, this book has major current significance. The legislative program Newt Gingrich and his Republican colleagues introduced in 1995 was designed to repeal the Great Society. Before doing so, members of Congress and the interested public should understand Lyndon Johnson's vision and the legislation that was enacted during the sixties. Guns or Butter provides that critical information.
Long a classic text for the teaching of principles of economics, the current economic crisis makes this book an even more essential resource for faculty who want a solid introduction that calls on policy based information for examples and applications. The authors have been on the forefront of advising policy makers and informing the public for years and Alan Blinder, in particular, has been highly visible through the discussions of the current economic situation. The update ensures that faculty who want to teach using the latest policy issues and data are able to do just that. Not only will MICROECONOMICS: PRINCIPLES AND POLICY, UPDATE 2010 EDITION,11e have the absolute latest data through spring 2010, but will also include a new chapter focuses on the financial It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application, allowing students to relate the materials to their everyday life.
Over the last year, the world has seen some cataclysmic changes. Eastern Europe is no longer yoked with Soviet communism, Germany is again a single, powerful nation, and Russia itself is pursuing a free-market economy at an almost frantic pace. Yet as we focus on the triumph of democracy, it is easy to overlook the potentially catastrophic changes that face the world environment, changes that are inextricably linked to the workings of the political and economic institutions of our time.Beyond Interdependence builds upon the Brundtland Commission's landmark report Our Common Future, a book that has been hailed as "the most important document of the decade on the future of the world" and has sold over one-half million copies in nineteen foreign languages. Dr. Jim MacNeill, the principal author of both works, has in this latest study extended the Commission's analysis of the critical relationships between the global environment, the world economy, and the international order. Together with his eminent colleagues, Pieter Winsemius and Taizo Yakushiji, MacNeill shows that while our global economy and ecology have become completely interlocked, they have remained separate in our institutions, and in the minds of our policymakers. The result is a wide range of domestic and international policies that are accelerating the depletion of Earth's basic ecological (and economic) capital--its rivers, lakes, and oceans, its soils and forests, its flora and fauna, and its ozone shield. These short-sighted policies also threaten us in the next century with a greater rise in global warming and sea level than have occurred in the ten-thousand years since the last ice age. The authors argue that this environmental degradation and resource depletion will be the principal source of interstate conflict in the post-cold war world.Providing a fresh analysis of the issues of global change, and taking into account such recent events as the tidal-shift in East/West relations and the G7 Economic Summit in Houston, Beyond Interdependence shows how industrialized nations can take unilateral action to address environmental threats while improving macroeconomic efficiency and international competitiveness. It also demonstrates how developed nations can negotiate a series of mutually advantageous "bargains" with Eastern European and Third World nations.With its incisive analysis and far-reaching recommendations for policy reform, Beyond Interdependence shows us how we can act urgently but intelligently to advance our common future.
Also included is a thought-provoking section on the dominant connection between higher education and the economy that evaluates how well the test of service to the labor market has been met and counters the charge that our educational system is to blame for the nation's decline in economic productivity and lack of international competitiveness.
Examines the claim that deindustrialization in the US is causing a decline in its competitiveness, especially in view of competition from Germany and Japan. Discusses the relationship between productivity growth in individual industries and the tendency for aggregate productivity levels to converge among OECD countries, and identifies the sources of productivity growth. Looks at the relationship between international trade and productivity convergence in OECD countries and whether the same mechanics of convergence are apparent in developing countries.
Master the principles of economics, and gain an understanding of current economic situations with the solid introduction and policy-based examples and applications found in MICROECONOMICS: PRINCIPLES AND POLICY, 13E. Written by two of the most respected economists in the world, this edition provides significant updates that reflect the latest economic situations and timely economic data. The authors combine the right level of rigor and detail to clarify even the most complicated concepts. A new chapter highlights U.S. economic leadership and assesses prospects for future U.S. growth based on strengths and weaknesses in key areas, such as productivity, innovation, entrepreneurship, health care, education, inequality, trade, the budget deficit, and climate change. Well-developed examples, intriguing puzzles and meaningful economic issues provide a good balance of theory to application.
Constitutional Democracy systematically examines how the basic constitutional structure of governments affects what they can accomplish. This relationship is especially important at a time when Americans are increasingly disillusioned about government's fundamental ability to reach solutions for domestic problems, and when countries in the former Soviet block and around the world are rewriting their constitutions. Political economist Mueller illuminates the links between the structure of democratic government and the outcomes it achieves by drawing comparisons between the American system and other government systems around the world. Working from the "public choice" perspective in political science, the book analyzes electoral rules, voting rules, federalism, bicameralism, citizenship, and separation of powers. It will be of great interest to students and scholars of political economy.
Extravagance and Misery discusses the economic inequalities that characterize capitalist societies. What causes these inequalities? Why are they unfair? Do they make us unhappy and, if so, why? Which stories do we tell each other about those inequalities and why do these stories help perpetuate them? What role do emotions, such as shame (amongst the poor) and envy and admiration (for the rich) play? The authors draw on insights from philosophers, economists, psychologists and other scientists to explain the structural mechanisms underlying inequality, and the impact it has on our well-being and happiness. The result is an explanation of the emotional regime that characterizes our capitalist societies and that perpetuates the unfair gap between the extravagance of the rich and the misery of the poor. Finally, Extravagance and Misery proposes how to re-shape this emotional regime in the interests of justice and solidarity.
This booklet contains graphs and diagrams that accompany and illustrate the main volume of the revised and expanded edition of Debunking Economics. This supplementary material is not essential to the main arguments of the book.
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