Daniel A. Bell, co-author of The Spirit of Cities: Why the Identity of a City Matters in a Global Age with Avner de-Shalit, visited Hub’s Davos Pavilion and spoke with Hub Culture’s Executive Editor Edie Lush during his recent trip to the World Economic Forum. Professor Bell uses “I Heart NY” as the best known example of “civicism,” the term for urban pride he and de-Shalit coined in their recent PUP book, but from the looks of it, perhaps “I Heart Davos” is next:
“Are the champions of the capitalist system now turning against the super-rich? And if they are, what will they now do about it? How can change be achieved without undermining the logic of capitalism?” Raghuram Rajan, author of Fault Lines: How Hidden Fractures Still Threaten the World Economy joins a panel to discuss these issues on Analysis on BBC Radio 4. The interview is now available to listen to online on the Analysis website.
We invite you to check out our new 2012 economics & finance catalog at:
Be sure to check out Robert Shiller’s latest book, Finance and the Good Society, Robert Frank’s The Darwin Economy, and Daniel Hamermesh’s Beauty Pays. We’re also featuring 2 of our Princeton Shorts titles—The Second Great Contraction (from This Time is Different) and The Five Habits of Highly Effective Honeybees (and What We Can Learn from Them) (from Honeybee Democracy). Many new paperbacks and ebooks are also available. It’s easy to download the catalog to your smartphone or tablet for browsing.
We’re at this year’s ASSA meeting, which started today in Chicago. Stop by and visit us at booth #714.
Along with “quit smoking” or “lose weight,” “save more” is consistently one of the most popular new year’s resolutions. But that’s easier said than done, especially when millions of Americans still lack access to a basic bank account.
Sheldon Garon, Princeton professor and author of Beyond Our Means: Why America Spends While the World Saves, argues that there are ways to change that. In addition to the new reforms and protections recommended by the Dodd-Frank Act and the Consumer Finance Protection Bureau, the U.S. Postal Service could provide services similar to the postal banks still popular in countries with high personal savings rates–such as Belgium, France, and Germany. In the process, the USPS might also “save” itself from its well-publicized financial woes.
Professor Garon recently talked with Kiyoshi Okonogi of the Asahi Shimbun about postal savings and other possible solutions–read the full Q&A here. (See also Reid Cramer’s post at the New America Foundation’s The Ladder blog, Felix Salmon’s article at Reuters, and Tim Fernholtz’s post at GOOD.)
Gregory Mills of the Urban Institute‘s MetroTrends blog wrote up a post earlier this week about the importance of making it easier for would-be small savers to access basic financial services. He goes on to argue that the U.S. could seriously benefit from “modern-day, higher-tech equivalents” of school or postal savings banks.
Want to add your two cents to the discussion? Prof. Garon will be speaking with Marty Moss Coane on WHYY’s “Radio Times” this coming Tuesday, January 3rd–call in with your questions!
Economist Carmen Reinhart, coauthor of THIS TIME IS DIFFERENT, shares a prestigious NY Times Opinion panel with Paul Krugman, Tom Friedman, and Joseph Nocera, and
Wow, what a lineup! We are so proud to see Carmen Reinhart, the co-author of our New York Times bestselling classic THIS TIME IS DIFFERENT: Eight Centuries of Financial Folly, discuss economic issues on a recent New York Times Opinion talk with Times journalists Tom Friedman, Paul Krugman, and Joe Nocera. This brilliant and entertaining program streamed live on the internet and covered today’s economic issues such as the Eurozone crisis, deleveraging, inequality, Occupy Wall Street, and space aliens. Check out the video if you want to see what great minds have to say about our economic situation and what’s coming next.
‘Tis the season for giving—and we’re feeling very generous today! We’re hosting 2 book giveaways next week, one on our main PUP Facebook page, and the other on our Princeton Birds and Natural History Facebook page. 1 winner from each page will be selected Thursday, December 22 at noon. All you have to do is “like” our Facebook pages and you’ll be entered to win! Here are the details:
On our main PUP Facebook page, the winner will get to choose a prize from 3 of our bestsellers: On Bullshit by Harry G. Frankfurt, Scroogenomics: Why You Shouldn’t Buy Presents for the Holidays by Joel Waldfogel, and Zombie Economics: How Dead Ideas Still Walk among Us by John Quiggin. The choice is yours! Just be sure to “like” us by next Thursday at noon!
Over on our Princeton Birds and Natural History Facebook page, we’re giving away a copy of The Crossley ID Guide: Eastern Birds by Richard Crossley. This stunningly illustrated book from acclaimed birder and photographer Richard Crossley revolutionizes field guide design by providing the first real-life approach to identification. “Like” this page by Thursday at noon if you haven’t already to win!
Good luck, and Happy Holidays from Princeton University Press!
We were thrilled to see economist and author Robert H. Frank discuss his new book THE DARWIN ECONOMY: Liberty, Competition, and the Common Good on MSNBC’s Morning Joe. Check out the interview below!
FACT: “In the years before 1981 (the end of the Volcker recession) recessions in the United States were relatively frequent, about one every five years. The National Bureau of Economic Research (NBER) committee defined nine recessions between 1945 and 1981, two of which (those of the early 1970s and the double-dip recession of 1980-1981) were both long and severe. By contrast, the period from 1981 to 2007 was one of long expansions and short recessions. In the entire period, there were only two recessions, in 1990-91 and 2001, and each lasted only eight months.”
Zombie Economics: How Dead Ideas Still Walk among Us
by John Quiggin
In the graveyard of economic ideology, dead ideas still stalk the land.
The recent financial crisis laid bare many of the assumptions behind market liberalism—the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. The crisis seemed to have killed off these ideas, but they still live on in the minds of many—members of the public, commentators, politicians, economists, and even those charged with cleaning up the mess. In Zombie Economics, John Quiggin explains how these dead ideas still walk among us—and why we must find a way to kill them once and for all if we are to avoid an even bigger financial crisis in the future.
Zombie Economics takes the reader through the origins, consequences, and implosion of a system of ideas whose time has come and gone. These beliefs—that deregulation had conquered the financial cycle, that markets were always the best judge of value, that policies designed to benefit the rich made everyone better off—brought us to the brink of disaster once before, and their persistent hold on many threatens to do so again. Because these ideas will never die unless there is an alternative, Zombie Economics also looks ahead at what could replace market liberalism, arguing that a simple return to traditional Keynesian economics and the politics of the welfare state will not be enough—either to kill dead ideas, or prevent future crises.
“Entertaining and thought-provoking. . . . [W]orks as a good summary for non-specialists of how the economics debate has developed.”—Philip Coggan, Economist
“Quiggin is a writer of great verve who marshals some powerful evidence.”—Financial Times (FT Critics Pick 2010)
We invite you to read the Introduction here: http://press.princeton.edu/chapters/i9270.pdf
King Kong vs. Godzilla!
New York University, Stern School of Business prof and Princeton University Press author Matthew Richardson discussed his new book, with Viral Acharya, Stijn van Nieuwerburgh, and Lawrence J. White, GUARANTEED TO FAIL: Fannie Mae, Freddie Mac, and teh Debacle of Mortgage Finance on the Emmy-winning program The Daily Show with Jon Stewart. Check out the clip!
Democratic strategist James Carville plugs THIS TIME IS DIFFERENT on Fox Business’s Imus in the Morning
We were thrilled to hear our bestseller THIS TIME IS DIFFERENT: Eight Centuries of Financial Folly cited by media personality and Democratic pundit James Carville on Imus in the Morning on Fox Business.
To help celebrate Zombie Awareness Month, this week’s book giveaway is Zombie Economics: How Dead Ideas Still Walk among Us by John Quiggin. In the graveyard of economic ideology, dead ideas still stalk the land.
The recent financial crisis laid bare many of the assumptions behind market liberalism–the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. The crisis seemed to have killed off these ideas, but they still live on in the minds of many–members of the public, commentators, politicians, economists, and even those charged with cleaning up the mess. In Zombie Economics, John Quiggin explains how these dead ideas still walk among us–and why we must find a way to kill them once and for all if we are to avoid an even bigger financial crisis in the future.
“Erroneous economic ideas resemble the living dead, writes John Quiggin in his smart new book Zombie Economics. They are dangerous yet impossible to kill. Even after a financial crisis buries them, they survive in our minds and can rise unbidden from the necropolis of ideology.”–James Pressley, Bloomberg News
“As well as exposing how these flawed ideas brought on the global crisis and how they live on, Quiggin offers his view on a new way forward in economic theory. It’s time to bury the zombie.”–Fiona Capp, The Age
Want to lurk more in Zombie Economics, then go to the Zombie Economics Facebook page.
Zombie Economics: How Dead Ideas Still Walk among Us by John Quiggin.
This week’s book giveaway is The Silicon Jungle by Shumeet Baluja. A timely thriller, The Silicon Jungle raises serious ethical questions about today’s technological innovations and how our most confidential activities and minute details can be routinely pieced together into rich profiles that reveal our habits, goals, and secret desires–all ready to be exploited in ways beyond our wildest imaginations. Set in today’s cutting-edge data mining industry, The Silicon Jungle is a cautionary tale of data mining’s promise and peril, and how others can use our online activities for political and personal gain just as easily as for marketing and humanitarian purposes.
“[F]righteningly convincing. . . . The read is quick, the questions will linger, and the ideas are so intriguing. . . . Baluja simplifies the abstract world of tech-speak for the rest of us while aiming to do for the Internet what Upton Sinclair’s The Jungle did for the meat industry: make readers reconsider its safety. For fans of intelligent thrillers.”–Stephen Morrow, Library Journal
“A cerebral, cautionary tale. Credible and scary.”–Vint Cerf, Google Vice President and Chief Internet Evangelist and one of the “Fathers of the Internet”
To be in our weekly book giveaway draws, LIKE US on Facebook. Each Friday we randomly pick the winner who is then notified that she/he has won the book of the week. Thanks to everyone who follows us on Facebook.
Check out the Facebook page for The Silicon Jungle.
The Silicon Jungle by Shumeet Baluja