THE CAPTURED ECONOMY

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The Captured Economy

Author : Brink Lindsey
ISBN : 9780190627768
Genre : Business & Economics
File Size : 58.23 MB
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The relentless increase of inequality in twenty-first century America has confounded analysts from both ends of the political spectrum. While many can point to particular contributing causes, so far none of the policies that have been enacted-not just in the United States but in other advancedcountries-have been able to lessen the wealth and income gaps between the top decile and the rest. Critics on the left are more forceful critics of rising inequality, and they tend to blame capitalism and the private sector. Predictably, they see solutions in government action. Many on the right worry about the issue, too, but they come from a position that is more sanguine about corporations andmore suspicious of government. But as the libertarian Brink Lindsey and the liberal Steve Teles argue in The Captured Economy, perhaps all of us-left, right, and center-are looking in the wrong places for culprits and solutions. They hone in on the government-corporate sector nexus, apportioningblame not only to both forces but also to the distorted form of governance that this partnership has created. Through armies of lobbyists, corporations and the wealthy have become remarkably adept at shaping policy - even ostensibly progressive policies - so that the field is tilted in their favor.Corporations have become classic "rentiers," using their monopoly power of influence over highly complicated legislative and regulatory processes to shift resources in their direction. FCC policy, health care regulation, banking regulation, labor policy, defense spending, and much more: in all ofthese arenas, well-resourced corporate rentiers have combined to ensure that the government favors them over everyone else. The perverse result is a state that shifts more and more wealth to the already-rich - even if that was never the initial intent of Congress, the President, or the electorate itself. Transforming this misshapen alliance will be difficult, and Lindsey and Teles are realistic about the chances forreform. To that end, they close with a set of reasonable policy proposals that can help to reduce corporate rentiers' scope and power to extract excessive rents via government policy. A powerful, original, and genuinely counterintuitive interpretation of the forces driving the increase ininequality, The Captured Economy will be necessary reading for anyone concerned about the rising social and economic divisions in contemporary America.
Category: Business & Economics

Welfare For The Rich

Author : Phil Harvey
ISBN : 9781642934151
Genre : Political Science
File Size : 32.55 MB
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Welfare for the Rich is the first book to describe and analyze the many ways that federal and state governments provide handouts—subsidies, grants, tax credits, loan guarantees, price supports, and many other payouts—to millionaires, billionaires, and the companies they own and run. Many journalists, scholars, and activists have focused on one or more of these dysfunctional programs. A few of the most egregious examples have even become famous. But Welfare for the Rich is the first attempt to paint a comprehensive, easily accessible picture of a system largely designed by the richest Americans—through lobbyists, lawyers, political action committees, special interest groups, and other powerful influencers—with the specific goal of making sure the government keeps wealth and power flowing from the many to the few.
Category: Political Science

The Changing Face Of Corruption In The Asia Pacific

Author : Chris Rowley
ISBN : 9780081012307
Genre : Law
File Size : 67.72 MB
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The Changing Face of Corruption in the Asia Pacific: Current Perspectives and Future Challenges is a contemporary analysis of corruption in the Asia-Pacific region. Bringing academicians and practitioners together, contributors to this book discuss the current perspectives of corruption’s challenges in both theory and practice, and what the future challenges will be in addressing corruption’s proliferation in the region. Includes viewpoints from both practitioners and academic contributors on corruption in the Asia Pacific region Offers a strong theoretical background together with the practical experience of contributors Explores what the future challenges will be in addressing corruption’s proliferation in the region Aimed at both the academic and professional audience
Category: Law

The Captured Gazelle

Author :
ISBN : 9788184759952
Genre : Fiction
File Size : 53.75 MB
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Every moment it seeks to slip from the mind’s nook Fresh poetic meaning is a gazelle to be captured The Captured Gazelle is an elegant and lucent translation of the poems of the seventeenth-century Persian poet Mulla Tahir Ghani, better known as Ghani Kashmiri. Eulogized by poets such as Mir and Iqbal, Ghani is an outstanding representative of sabk-e-Hindi or the ‘Indian style’ in Persian poetry, which became a hallmark of the Mughal–Safavid literary culture. The introduction situates Ghani against his unique background in which Iranian and Indian poetic cultures came together to create a glorious literary age in Kashmir, while the translations capture Ghani in his wide spectrum of moods—satirical, playful, self-pitying, pessimistic, mystically resigned—bringing alive his wit and ingenuity in a modern idiom without losing hold on the tone.
Category: Fiction

Complexity And The Economy

Author : W. Brian Arthur
ISBN : 9780199334315
Genre : Psychology
File Size : 37.83 MB
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Economics is changing. In the last few years it has generated a number of new approaches. One of the most promising - complexity economics - was pioneered in the 1980s and 1990s by a small team at the Santa Fe Institute. Economist and complexity theorist W. Brian Arthur led that team, and in this book he collects many of his articles on this new approach. The traditional framework sees behavior in the economy as in an equilibrium steady state. People in the economy face well-defined problems and use perfect deductive reasoning to base their actions on. The complexity framework, by contrast, sees the economy as always in process, always changing. People try to make sense of the situations they face using whatever reasoning they have at hand, and together create outcomes they must individually react to anew. The resulting economy is not a well-ordered machine, but a complex evolving system that is imperfect, perpetually constructing itself anew, and brimming with vitality. The new vision complements and widens the standard one, and it helps answer many questions: Why does the stock market show moods and a psychology? Why do high-tech markets tend to lock in to the dominance of one or two very large players? How do economies form, and how do they continually alter in structure over time? The papers collected here were among the first to use evolutionary computation, agent-based modeling, and cognitive psychology. They cover topics as disparate as how markets form out of beliefs; how technology evolves over the long span of time; why systems and bureaucracies get more complicated as they evolve; and how financial crises can be foreseen and prevented in the future.
Category: Psychology

Contemporary Perspectives On African Moral Economy

Author : Isaria N. Kimambo
ISBN : 9789976604658
Genre : Social Science
File Size : 66.4 MB
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The topic of African moral economy was first raised by Goran Hyden in 1980 as one of the main obstacles to economic transformation of the African peasantry. The suggestion caused serious academic debates between the proposer and other scholars on African societies, especially those using political economy as the framework of their analysis. But Hyden continued to defend his thesis until interest in the debate faded out. More recently Japanese scholars have taken up the topic as it appears to have new relevance in comparison with the fast transformations which have taken place in Southeast Asian rural communities. The focus of this book is to give a detailed comparison between African rural communities and those of Southeastern Asia. Attention is focused on the two main aspects of African peasantry life: the right to subsistence and the norm of reciprocity. A wide interdisciplinary approach is employed to demonstrate the dynamism displayed by these societies.
Category: Social Science

Forecasting Non Stationary Economic Time Series

Author : Michael P. Clements
ISBN : 0262531895
Genre : Business & Economics
File Size : 90.75 MB
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This text on economic forecasting asks why some practices seem to work empirically despite a lack of formal support from theory. After reviewing the conventional approach to forecasting, it looks at the implications for causal modelling, presents forecast errors and delineates sources of failure.
Category: Business & Economics

War And Economy In The Third Reich

Author : R. J. Overy
ISBN : 9780191647376
Genre : History
File Size : 73.83 MB
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War and Economy in the Third Reich examines the nature of the German economy in the 1930s and the Second World War. Richard Overy's essays, collected here for the first time with a substantial new introduction, explore the tension between Hitler's vision of an armed economy and the reality of German economic and social life. Often thought-provoking, always informed, War and Economy opens a window on an essential aspect of Hitler's Germany.
Category: History