The Bubble and Beyond

Author: Michael Hudson
Publisher:
ISBN: 9783981484205
Category : Capitalism
Languages : en
Pages : 481

Book Description
The Bubble and Beyond, describes how the fabulous expansive forces of industrial capitalism have been subverted by a predatory finance capitalism. What the FED hailed as The Great Moderation has left the middle class to take on a lifetime of bank debt to obtain access to housing, education to get a job, an auto to drive to it, and simply to maintain living standards that wages and salaries no longer support. What has derailed the economy is the take-over of academic economics and politics by the financial sector in order to censor criticism and misrepresent statistics so as to give the impression that the economy can borrow its way out of debt. The reality is that income used to pay down today s debt overhead is not available to be spent on goods and services. The result is debt deflation, followed by austerity and the the "fire sale" or decay of infrastructure at the national and local levels. The most controversial claim by Prof. Hudson is that Debts that can t be paid, won t be. The question he poses is whether their non-payment will lead to worldwide foreclosures including sell-offs of the public domain by debt-strapped local and national governments or whether they will be written down in line with the ability to pay. This is the economic issue that will dominate politics over the next generation. Illustrated with charts and exhibits that make it plain where money goes versus where it should go.

The Bubble and Beyond

Author: Michael Hudson
Publisher:
ISBN: 9783981484243
Category :
Languages : en
Pages : 505

Book Description
PROFESSOR MICHAEL HUDSON is one of the foremost critics of contemporary finance capitalism and the worldwide power "the 1%" weilds because of government tax breaks and other favorable legislation. In THE BUBBLE AND BEYOND, he illuminates how the expansive and successful forces of 19th and 20th century industrial capitalism have been subverted by today's predatory finance capitalism, putting the entire world in a financial mess - and what can be done about it. A confusing labyrinth of geo-political issues impacts economic health and growth, and few are studied in the classroom or given space in the press. There is a way out of the labyrinth, however, as Professor Hudson demonstrates across 20 readable topics. PROFESSOR HUDSON'S most controversial claim is that "Debts that can't be paid, won't be," leaving in question whether or not debt non-payment will lead to worldwide foreclosures - including sell-offs of public domain assets by debt-strapped local and national governments. This is already happening locally and globally - exactly what some of the 1% would like - creating a newly-poor feudalistic society with the 1% collecting all the usage "fees." Alternatively, he suggests that the debts be written down in line with the ability to pay, as has been done by corporations via Chapter 11 bankruptcies and reorganizations throughout a more enlightened modern economic history as well as biblical record. In Professor Hudson's bold view, debt write-downs versus privatization and sell-offs of public domain assets are the economic issues that will dominate politics over the next generation. THE BUBBLE AND BEYOND is a compendium and brief history of economic thought and why it matters not only to Americans, but to people all over the world. You will find that you refer to it again and again as a fount of information, much of which has been out of favor for decades and/or suppressed by the financial interests. Professor Hudson provides chapter and verse, names names, and explains the mistakes and outright fraud that have often been committed in the name of political ideology - by both the right and the left. You will encounter all of the heroes and miscreants of economics, industry, and politics from the Bible and Babylon to present day banksters, misguided Fed policy-makers, and captains of the finance/insurance/real estate (FIRE) sector and the military-industrial complex. In one chapter after another, Professor Hudson tells who did what to whom - as well as who wins and who loses. This updated edition makes it plain where money goes versus where it might go - and ought to go. UPDATED EDITION with a NEW INDEX, LIST OF 47 EXHIBITS (illustrations, charts, graphs and models), a BONUS CHAPTER and BONUS SUMMARY, contemporary quotes, and author pull-out quotes.

The Boba Book

Author: Andrew Chau
Publisher: Clarkson Potter
ISBN: 1984824279
Category : Cooking
Languages : en
Pages : 226

Book Description
A beautifully photographed and designed cookbook and guide to the cultural phenomenon that is boba, or bubble tea--featuring recipes and reflections from The Boba Guys tea shops. Andrew Chau and Bin Chen realized in 2011 that boba--the milk teas and fruit juices laced with chewy tapioca balls from Taiwan that were exploding in popularity in the States--was still made from powders and mixes. No one in the U.S. was making boba with the careful attention it deserved, or using responsible, high-quality ingredients and global, artisanal inspiration. So they founded The Boba Guys: a chic, modern boba tea shop that has now grown to include fourteen locations across the country, bringing bubble tea to the forefront of modern drinks and bridging cultures along the way. Now, with The Boba Book, the Boba Guys will show fans and novices alike how they can make their (new) favorite drink at home through clear step-by-step guides. Here are the recipes that people line up for--from the classics like Hong Kong Milk Tea, to signatures like the Strawberry Matcha Latte and the coffee-laced Dirty Horchata. For the Boba Guys, boba is Taiwanese, it's Japanese, it's Mexican, it's all that and more--which means it's all-American.

Beyond the Consumption Bubble

Author: Karin Ekström
Publisher: Routledge
ISBN: 1136859446
Category : Business & Economics
Languages : en
Pages : 527

Book Description
Research on consumption can shed light on many fundamental questions, such as the character of society, including social and cultural dimensions; the relations between the generations; dependency on technology and the risks involved; the rise of Asia and its potential consumption preferences; the question of whether we must continuously increase our consumption to avoid a recession and whether this is ecologically sustainable. In the field of consumption research there is need for analytical rigor based on theory and empirical evidence as well as discussions that will inspire readers to ask important questions regarding future development. The contributors to this innovative volume are scholars and experts in the field of consumption representing a variety of disciplines such as anthropology, economics, history, marketing, political science, and sociology. This book not only provides readers with a nuanced picture of consumption, but intends to enrich and sharpen the general debate about society today.

Boom and Bust

Author: William Quinn
Publisher: Cambridge University Press
ISBN: 1108369359
Category : Business & Economics
Languages : en
Pages : 297

Book Description
Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.

Beyond the Bubble

Author: Botond Bognar
Publisher: Phaidon Press
ISBN: 9780714845753
Category : Architecture
Languages : en
Pages : 0

Book Description
The book looks at two contrasting but equally extraordinary phases in the recent history of Japanese architecture: first, the explosive 'Bubble' era of the 1980s and early 1990s, and second, the post-'Bubble' era which leads up to the present day. The early period, also referred to as the 'new golden age of Japanese architecture', saw a spectacular overproduction of unusual buildings and urban complexes in Japan's major cities; while the period that followed, around the mid-1990s, shows work that demonstrated a sense of modesty, restraint and 'earthly' innovation. Fumihiko Maki, Kazuo Shinohara, Toyo Ito, Hiroshi Hara and Shin Takamatsu. With the Japanese economy booming, there was huge investment in fantastical and often very experimental urban building projects. country, affecting it on every level. Japan began restructuring its economy and, as a consequence, social, cultural and architectural changes took place on a big scale. Architects throughout Japan started experimenting and building in new ways. Environmental and ecological concerns led to the development of innovative materials and technologies. This backlash against the overdevelopment and spending that took place in earlier years was led by established figures such as Toyo Ito, Tadao Ando, Fumihiko Maki, Ryoji Suzuki, as well as emerging architects including Kengo Kuma, Jun Aoki, Shigeru Ban, Kazuyo Sejima and others. Japanese Postmodernism'; and 'After the Bubble: New Realities, New Priorities'. In the first section, architectural projects produced during the 1990s are discussed and illustrated in the general text, while in the latter part of the book more recent projects, mainly from the twenty-first century, will be introduced on an individual basis, with plans, drawings and photos, along with detailed project descriptions. The book will handle the whole spectrum of cultural detail to explore Japan's extraordinary architectural life.

Speculation, Trading, and Bubbles

Author: José A. Scheinkman
Publisher: Columbia University Press
ISBN: 0231537638
Category : Business & Economics
Languages : en
Pages : 137

Book Description
As long as there have been financial markets, there have been bubbles—those moments in which asset prices inflate far beyond their intrinsic value, often with ruinous results. Yet economists are slow to agree on the underlying forces behind these events. In this book José A. Scheinkman offers new insight into the mystery of bubbles. Noting some general characteristics of bubbles—such as the rise in trading volume and the coincidence between increases in supply and bubble implosions—Scheinkman offers a model, based on differences in beliefs among investors, that explains these observations. Other top economists also offer their own thoughts on the issue: Sanford J. Grossman and Patrick Bolton expand on Scheinkman's discussion by looking at factors that contribute to bubbles—such as excessive leverage, overconfidence, mania, and panic in speculative markets—and Kenneth J. Arrow and Joseph E. Stiglitz contextualize Scheinkman's findings.

America's Bubble Economy

Author: David Wiedemer
Publisher: John Wiley & Sons
ISBN: 1118018117
Category : Business & Economics
Languages : en
Pages : 257

Book Description
America’s Bubble Economy is the first book to focus on several simultaneous financial bubbles that are interacting to temporarily boost—and ultimately threaten—the United States and world economies. Filled with expert analysis and straight talk, this book will show you how to turn the coming economic transformation into a once-in-a-lifetime wealth-building opportunity.

Plunder and Blunder

Author: Dean Baker
Publisher: Berrett-Koehler Publishers
ISBN: 160994478X
Category : Business & Economics
Languages : en
Pages : 183

Book Description
For the second time this decade, the U.S. economy id sinking into a recession due to the collapse of a financial bubble. The most recent calamity will lead to a downturn deeper and longer than the stock market crash of 2001. Dean Baker's Plunder and Blunder chronicles the growth and collapse of the stock and housing bubbles and explains how policy blunders and greed led to the catastrophic --but completely predictable --market meltdowns. An expert guide to recent economic history, Baker offers policy prescriptions to help prevent similar financial disasters.

Finance as Warfare

Author: Michael Hudson
Publisher:
ISBN: 9781848901858
Category : Business & Economics
Languages : en
Pages : 162

Book Description
Michael Hudson is one the world's foremost critics of contemporary financial capitalism. He is also one of a tiny handful of eminent economists who is leading us to look at old questions in startling new ways. Professor Hudson is the author numerous books on international finance and economic history, and a frequent contributor to leading newspapers and public affairs sites. "There are few people alive who have taught me more than Michael Hudson. The incisive and brilliant essays in this book should really be assigned to every first-year student of economics. The fact they never will be is the ultimate testimony to the fact economics has betrayed its own most noble tradition - and Hudson here so magnificently embodies - to become a sheer instrument of power." David Graeber, author of Debt: the First 5,000 Years and co-organizer of Occupy Wall Street "Michael Hudson... I consider to be the best economist in the West." The Saker "Economist's theoretical edifice does not explain economic reality. Economists need to begin anew. Michael Hudson shows them the way." Paul Craig Roberts, Institute for Political Economy