This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
Supplemented with an appendix of related materials and forewords to earlier editions by the likes of Milton Friedman, and Hayek himself, this new edition of The Road to Serfdom will be the definitive version of Friedrich Hayek's enduring ...
What is democracy? Is it a popular process of consultation and decision making - for the people, by the people? Or is it another term for an open marketplace? Here Noam Chomsky explains why the gap between principle and reality is so wide.
In Austerity: The History of a Dangerous Idea, Mark Blyth, a renowned scholar of political economy, provides a powerful and trenchant account of the shift toward austerity policies by governments throughout the world since 2009.
Ha-Joon Chang evaluates the role of the state in economics and development. In this collection of essays, he reviews theories and practices of state intervention as they have developed over two centuries of modern capitalism.
This important book is a masterly look at a disturbing current in the formation of elite American society."--Richard Sennett, author of The Corrosion of Character "This is a terrific book.
"How adroitly he cuts through the crap and really says something", describes "The Village Voice" of world-famous political writer and lecturer Noam Chomsky.