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The Affluent Society

John Kenneth Galbraith

The Affluent Society John Kenneth Galbraith Amazon Price: $10.20
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Customer Reviews:
Total reviews: 23 Average rating: 4.0 of 5

courage of thinking 5 out of 5 stars.
2 of 9 people found this review helpful.

it' s the first time I read something like that in economics.

Writing style has stood the test of time as well as the arguments 5 out of 5 stars.
1 of 1 people found this review helpful.

A true classic that is as relevant to explaining today's society as that in which Galbraith wrote it - and never more so than Galbraith's argument that we need a better social balance between private and public expenditure. As the gap grows between the urban rich and poor, he notes, more of the rich are able to opt out of public services such as schools, police and transport. With urbanization a dominant theme of the coming decades, it's worth being reminded of Galbraith's observations on how public expenditure on urban infrastructure is generally presented in political discourse - "at best, public services are a necessary evil; at worst, they are a malign tendency against which an alert community must exercise eternal vigilance" - which, as he points out, leads to some interesting contradictions - "Vacuum cleaners to ensure clean houses are praise-worthy and essential in our standard of living. Street cleaners to ensure clean streets are an unfortunate expense. Partly as a result, our houses are generally clean and our streets generally filthy."

Galbraith's philosophical arguments against extreme wealth inequality are both increasingly unfashionable and increasingly urgent; the trend he identifies - "few things are more evident in modern social history than the decline of interest in inequality as an economic issue" - has hardly been arrested as the world has globalized. Galbraith quotes Tawney as noting that people who think they should have unfettered enjoyment of their inherited money do not generally think that others should have unfettered enjoyment of their inherited physical strength or cunning - "Those who dread a dead-level of income or wealth... do not, it seems, dread a dead-level of law and order, and of security of life and property" - an observation that's highly applicable to inequality considered on the scale of the modern global economy.

Galbraith's pithy and wryly amused writing style has stood the test of time as well as the arguments. Perhaps my favourite example comes when Galbraith is commenting on the concern that social security makes poor people idle: the "ancient art of evading work", he says, is not the preserve of any particular class or occupation, and "the art of genteel and elaborately concealed idleness may well reach its highest development in the upper executive reaches of the modern corporation."

Editorial Review:

Galbraith's classic on the "economics of abundance" is, in the words of the New York Times, "a compelling challenge to conventional thought." With customary clarity, eloquence, and humor, Galbraith cuts to the heart of what economic security means (and doesn't mean) in today's world and lays bare the hazards of individual and societal complacence about economic inequity. While "affluent society" and "conventional wisdom" (first used in this book) have entered the vernacular, the message of the book has not been so widely embraced--reason enough to rediscover The Affluent Society.

Buy Gold Now: How a Real Estate Bust, our Bulging National Debt, and the Languishing Dollar Will Push Gold to Record Highs

S. McGuire

Buy Gold Now: How a Real Estate Bust, our Bulging National Debt, and the Languishing Dollar Will Push Gold to Record Highs S. McGuire Amazon Price: $23.07
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By: Wiley
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Customer Reviews:
Total reviews: 11 Average rating: 4.5 of 5

Right conclusions for the wrong reason, dangerous book 2 out of 5 stars.
10 of 13 people found this review helpful.

Bought this book because of all-5-star reviews. It turns out this book is not worth the money.

The book is VERY dangerous, because it reaches right conclusion (buy gold) for all the wrong reasoning. Author either has no clear understanding of the processes that are going on around money, credit and debt, or believe what he's read in multiple economics schoolbooks on subject. He bases his analysis on Government-supplied economic numbers and NEVER QUESTIONS THEM (we all know there's lies, damn lies and Government statistics, especially since 1980th). He doesn't understand that the Federal Reserve is a privately owned enterprise, and that The Federal Reserve and Government together are responsible for inflation and other economic turmoil United States has found herself today.

If you want to stay in the bubble media, economists and politicians have created for you, this is "your" book - lots of graphs and statistics based on false or fake economics. Ironically, author still reaches right conclusion - BUY GOLD. For the rest of us who want to REALLY UNDERSTAND what is going on behind the scenes - don't buy it, there are much better books out there.

I would recommend starting with "The Revolution Manufesto" by Ron Paul and many other Gold books, for example "The Collapse of the Dollar and How to Profif from It"

Editorial Review:

Masterfully researched, and written in a straightforward style, Buy Gold Now makes a case for buying gold as protection against the rising risks of an unprecedented global currency crisis and as a profitable investment vehicle. Divided into five comprehensive parts, this reliable resource examines our country’s current financial situation from a historical perspective and addresses some of the alarming issues that many economists are currently pointing to with concern.

The Great Depression of Debt: Survival Techniques for Every Investor

Warren Brussee

The Great Depression of Debt: Survival Techniques for Every Investor Warren Brussee Amazon Price: $16.47
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By: Wiley

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Customer Reviews:
Total reviews: 28 Average rating: 3.5 of 5

WHAT A COP OUT! 1 out of 5 stars.
2 of 15 people found this review helpful.

What a cop out! Now that his 2007-2020 Second Great Depression has failed to materialize with 2008 2/3rds over, it is being repackaged as a newly titled "debt" book. A warm welcome Warren to the rather full club of authors who predicted disaster on a timeframe that didn't happen. You failed simply because you ignored the greatest force in the economy - the consumer. Every economist knows that the GDP is made up 90%+ by consumer spending - 60-70% directly plus government spending of the 28% of income they take in taxes. In other words GDP is ALWAYS driven by demographics over the longterm. There IS a monstrous crisis coming based on demographics however - go read Arnold's The Great Bust Ahead (published 2002), in which all his predictions have come to pass so far and the "big one" left is yet to come on his 2010-2012 schedule.

Editorial Review:

This book takes a close look at today's economy and offers a bleak prediction for its future. However, those positioned to handle dramatic shifts in consumer spending, the mortgage industry, and the stock market are at a great advantage.

Author Warren Brussee offers insight into the coming economic situation and provides steps to prepare for it. For example, he recommends that savings be in Treasury Inflation Protected Securities until the stock market drops 73% from its 2004 level. Methods of determining when the stock market is again a good buy are defined, and different investment options are evaluated. Even during a depression, people will need to save for their future, and Brussee provides detailed charts that show retirement savings requirements.

In Defense of Globalization: With a New Afterword

Jagdish Bhagwati

In Defense of Globalization: With a New Afterword Jagdish Bhagwati Amazon Price: $11.53
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Customer Reviews:
Total reviews: 46 Average rating: 3.5 of 5

Editorial Review:

In the passionate debate that currently rages over globalization, critics have been heard blaming it for a host of ills afflicting poorer nations, everything from child labor to environmental degradation and cultural homogenization. Now Jagdish Bhagwati, the internationally renowned economist, takes on the critics, revealing that globalization, when properly governed, is in fact the most powerful force for social good in the world today. Drawing on his unparalleled knowledge of international and development economics, Bhagwati explains why the "gotcha" examples of the critics are often not as compelling as they seem. With the wit and wisdom for which he is renowned, Bhagwati convincingly shows that globalization is part of the solution, not part of the problem.
This edition features a new afterword by the author, in which he counters recent writings by prominent journalist Thomas Friedman and the Nobel Laureate economist Paul Samuelson and argues that current anxieties about the economic implications of globalization are just as unfounded as were the concerns about its social effects.

The Black Book of Outsourcing: How to Manage the Changes, Challenges, and Opportunities

Douglas Brown, Scott Wilson

The Black Book of Outsourcing: How to Manage the Changes, Challenges, and Opportunities Douglas Brown, Scott Wilson Amazon Price: $25.05
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By: Wiley
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Customer Reviews:
Total reviews: 41 Average rating: 5.0 of 5

Black Book of outsourcing 4 out of 5 stars.
1 of 1 people found this review helpful.

This book is excellent. It discusses why outsourcing is essential for doing business and the process requried to do so. It is straight forward, good for not only for Companies interested to outsource, but also anybody who is interested to learn about outsourcing.

Editorial Review:

The Black Book of Outsourcing is a comprehensive guide and directory for the emerging field of outsourcing, including expert advice on how to operate an outsourcing program, how to deal with the political aspects of outsourcing, and how to find a career in outsourcing. A controversial and emotional subject among business leaders and workers in the global business community, outsourcing is fast becoming one of the greatest organizational and industrial shifts in modern history. In this one-of-a-kind resource, outsourcing gurus Douglas Brown and Scott Wilson chart a course for business leaders charged with managing outsourcing initiatives and present a wealth of employment opportunities for workers who want to enter this growing field.

Class Matters

The New York Times

Class Matters The New York Times Amazon Price: $10.20
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Customer Reviews:
Total reviews: 8 Average rating: 4.0 of 5

Editorial Review:

The acclaimed New York Times series on social class in America—and its implications for the way we live our lives
     We Americans have long thought of ourselves as unburdened by class distinctions. We have no hereditary aristocracy or landed gentry, and even the poorest among us feel that they can become rich through education, hard work, or sheer gumption. And yet social class remains a powerful force in American life.
     In Class Matters, a team of New York Times reporters explores the ways in which class—defined as a combination of income, education, wealth, and occupation—influences destiny in a society that likes to think of itself as a land of opportunity. We meet individuals in Kentucky and Chicago who have used education to lift themselves out of poverty and others in Virginia and Washington whose lack of education holds them back. We meet an upper-middle-class family in Georgia who moves to a different town every few years, and the newly rich in Nantucket whose mega-mansions have driven out the longstanding residents. And we see how class disparities manifest themselves at the doctor’s office and at the marriage altar.
     For anyone concerned about the future of the American dream, Class Matters is truly essential reading.
Class Matters is a beautifully reported, deeply disturbing, portrait of a society bent out of shape by harsh inequalities. Read it and see how you fit into the problem or—better yet—the solution!”
—Barbara Ehrenreich, author of Nickel and Dimed and Bait and Switch


The Extreme Future: The Top Trends That Will Reshape the World in the Next 20 Years

James Canton

The Extreme Future: The Top Trends That Will Reshape the World in the Next 20 Years James Canton Amazon Price: $9.31
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Customer Reviews:
Total reviews: 10 Average rating: 3.5 of 5

Too much preening and raw speculation 2 out of 5 stars.
9 of 9 people found this review helpful.

The book contains a lot of preening; the author seems to think it is important to remind us (anecdotally) how many huge companies and heads-of-state he's interacted with. Many of his predictions range from poorly explored (he talks about a hydrogen fuel economy without addressing the fact that hydrogen is just a transport--not a readily available source of energy) to the absurd (predictions that teleportation will be available within decades, given the fact of photonic teleportation which doesn't even slightly approach the complexity of disintegrating, transporting and reintegrating an object!) There's also a lot of political advocacy here; I'd have simply preferred an analysis of technological and cultural trends along with research to back it up.

Editorial Review:

A renowned global futurist prepares businesses and individuals for the radical changes on the horizon

An advisor to three presidents spanning over thirty years, Dr. James Canton identifies probable outcomes and future trends in business, technology, environment, terrorism, population, and medicine to help companies and individuals prepare for the coming complex and volatile global changes, including:
• How climate change and energy trends will reshape the planet
• How astounding medicine trends will enhance people’s lives
• How the rise of China will bring on a new global power struggle

In the tradition of Future Shock, Megatrends, and The Tipping Point, Extreme Future is the essential forecasting handbook for navigating the twenty-first century.

Megatrends 2010: The Rise of Conscious Capitalism: The Rise of Conscious Capitalism

Patricia Aburdene

Megatrends 2010: The Rise of Conscious Capitalism: The Rise of Conscious Capitalism Patricia Aburdene Amazon Price: $11.53
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Customer Reviews:
Total reviews: 25 Average rating: 4.0 of 5

Editorial Review:

In the wake of corporate scandal, recession, record deficits, and terrorist attacks, more and more people are turning inward to determine where their true values lie. Likewise, more and more companies are discovering that placing social and environmental values ahead of the bottom line is actually helping to boost profits. In this trade paperback edition of Megatrends 2010, Patricia Aburdene, co-author of the bestselling Megatrends 2000 investigates "corporate social responsibility" and identifies seven new megatrends that will redefine business in the coming years.

Aburdene, who has been hailed by the Christian Science Monitor as "one of the foremost trend trackers in the United States," discovers that significant numbers of both new-economy and old-guard companies such as AOL, GM, and Xerox are tapping into the wave of conscious capitalism by bringing meditation into the workplace, forcing stricter environmental controls on their vendors, and donating both time and money to social causes.

Stolen Harvest: The Hijacking of the Global Food Supply

Vandana Shiva

Stolen Harvest: The Hijacking of the Global Food Supply Vandana Shiva Amazon Price: $40.00
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Customer Reviews:
Total reviews: 7 Average rating: 4.5 of 5

Informative and compelling 5 out of 5 stars.
77 of 78 people found this review helpful.

In this remarkable book, Vandana Shiva effectively contrasts corporate command-and-control methods of food production with the small farmer economy that predominates in the third world (especially in her native India). In contast to what many here in the U.S. might perceive as the conventional wisdom, Shiva makes a strong argument that local, small scale agriculture is superior to the agribusiness model for a number of reasons.

First, Shiva points out that many of the productivity gains attributable to the Green Revolution were achieved by dramatically increased inputs of fertilizer, seed and water. When one compares units of input with units of output, however, native practices produce higher yields -- especially when one takes into account the multiple uses derived from a single product.

For example, mustard oil is a vital product used by many of India's poor for cooking, seasoning, medicine and other uses. But it has been banned by the Indian government (under highly suspicious circumstances) in order to allow imports of soybean oil products. While giant corporations benefit from expanded sales, native industries have been destroyed, contibuting to poverty and malnourishment.

Shiva discusses the commercial fishing and aquaculture (shrimp farming) practices that inevitably result in environmental destruction and reduced catches. She compares this short-sighted approach with traditional Indian fishing techniques that have successfully sustained themselves for generations while protecting important ecosystems such as mangrove forests.

Shiva discusses corporate patenting of seeds, which insidiously transforms the cooperative ethic of seed sharing into a criminal offense. The author supports a non-cooperation movement in India that is resisting corporate attempts to claim ownership of seeds that have been cultivated by countless generations of farmers.

Shiva's sacred cow / mad cow metaphor effectively and appropriately contrasts agribusiness with small farming. India's sacred cows live in harmony with the environment, performing multiple services and producing multiple products for the community; whereas mad cows are a grotesque manifestation of an industrial system obsessed with uniformity, technology and profit.

Shiva also touches on the topic of genetic engineering (GE) and discusses the threat it poses to biodiversity, food safety and human health.

The Afterword to the book alludes to the WTO protests in Seattle. Shiva believes this watershed event proves that people are becoming more aware of the dangers of unaccountable corporate power, yet she believes that positive change is possible. This opening of consciousness to new possibilities may be attributable to the extraordinary work of people like Vandana Shiva, whose intelligence and compassion is abundantly evident in this book. Highly recommended!

Editorial Review:

Contents

Introduction
Chapter 1 The Hijacking of the Global Food Supply
Chapter 2 Soy Imperialism and the Destruction of Local Food Cultures
Chapter 3 The Stolen Harvest Under the Sea
Chapter 4 Mad Cows and Sacred Cows
Chapter 5 The Stolen Harvest of Seed
Chapter 6 Genetic Engineering and Food Security
Chapter 7 Reclaiming Food Democracy

The New Financial Order: Risk in the 21st Century

Robert J. Shiller

The New Financial Order: Risk in the 21st Century Robert J. Shiller List Price: $60.00
By: Princeton University Press
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Customer Reviews:
Total reviews: 20 Average rating: 3.5 of 5

Editorial Review:

In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our infatuation with the stock market distracts us from more durable economic prospects. These lie in the hidden potential of real assets, such as income from our livelihoods and homes. But these ''ordinary riches,'' so fundamental to our well-being, are increasingly exposed to the pervasive risks of a rapidly changing global economy. This compelling and important new book presents a fresh vision for hedging risk and securing our economic future.

Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions--risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies. Informed by a comprehensive risk information database, this new financial order would include global markets for trading risks and exploiting myriad new financial opportunities, from inequality insurance to intergenerational social security. Just as developments in insuring risks to life, health, and catastrophe have given us a quality of life unimaginable a century ago, so Shiller's plan for securing crucial assets promises to substantially enrich our condition.

Once again providing an enormous service, Shiller gives us a powerful means to convert our ordinary riches into a level of economic security, equity, and growth never before seen. And once again, what Robert Shiller says should be read and heeded by anyone with a stake in the economy.


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