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Undergraduate economics students begin and end their study of economics with the simple claim that economics is value free. Only in a policy role will values and beliefs enter into economic work; there can be little meaningful dialogue by economists about such personal views and opinions. This view, now well over 200 years old, has been challenged by heterodox thinkers in economics, and philosophers and social scientists outside the discipline all along the way. However, much of the debate in modern times has been narrowly focused on philosophical methodological issues on one hand or theological/sectarian concerns on the other. None of this filters down to the typical undergraduate even in advanced courses on the history of economic thought. This book presents the notion that economic thinking cannot escape value judgments at any level and that this understanding has been the dominant view throughout most of history. It shows how, from ancient times, people who thought about economic matters integrated moral reflection into their thinking. Reflecting on the Enlightenment and the birth of economics as a science, Halteman and Noell illustrate the process by which values and beliefs were excluded from economics proper. They also appraise the reader with relevant developments over the last half-century which offer promise of re-integrating moral reflection in economic research. With the advent of interdependency concepts and game theory, behavioral economics and the infusion of other social sciences, especially psychology, into economic considerations, the door is once again open to moral reflection. It is a sensitive subject that can be divisive for many and there is little if any assessable literature on the topic at the undergraduate level. One way to approach the subject is to follow the path of the great thinkers of the past and observe how they worked through economic issues from a set of values that was foundational to their thinking. This places moral thinking in a context illuminating the complexity and importance of moral reflection and illustrating its impact on the culture of the times. Reckoning with Markets follows this method with a deliberate effort to cast the material in terms that will engage the undergraduate student. A number of vignettes which apply the perspectives of key figures in the history of economic thought to modern values and policy questions are provided.
Whether building a road or fighting a war, leaders from ancient Mesopotamia to the present have relied on financial accounting to track their state's assets and guide its policies. Basic accounting tools such as auditing and double-entry bookkeeping form the basis of modern capitalism and the nation-state. Yet our appreciation for accounting and its formative role throughout history remains minimal at best-and we remain ignorant at our peril. The 2008 financial crisis is only the most recent example of how poor or risky practices can shake, and even bring down, entire societies. In The Reckoning, historian and MacArthur "Genius" Award-winner Jacob Soll presents a sweeping history of accounting, drawing on a wealth of examples from over a millennia of human history to reveal how accounting has shaped kingdoms, empires, and entire civilizations. The Medici family of 15th century Florence used the double-entry method to win the loyalty of their clients, but eventually began to misrepresent their accounts, ultimately contributing to the economic decline of the Florentine state itself. In the 17th and 18th centuries, European rulers shunned honest accounting, understanding that accurate bookkeeping would constrain their spending and throw their legitimacy into question. And in fact, when King Louis XVI's director of finances published the crown's accounts in 1781, his revelations provoked a public outcry that helped to fuel the French Revolution. When transparent accounting finally took hold in the 19th Century, the practice helped England establish a global empire. But both inept and willfully misused accounting persist, as the catastrophic Stock Market Crash of 1929 and the Great Recession of 2008 have made all too clear. A masterwork of economic and political history, and a radically new perspective on the recent past, The Reckoning compels us to see how accounting is an essential instrument of great institutions and nations-and one that, in our increasingly transparent and interconnected world, has never been more vital.
In Reckoning with Slavery Jennifer L. Morgan draws on the lived experiences of enslaved African women in the sixteenth and seventeenth centuries to reveal the contours of early modern notions of trade, race, and commodification in the Black Atlantic. From capture to transport to sale to childbirth, these women were demographically counted as commodities during the Middle Passage, vulnerable to rape, separated from their kin at slave markets, and subject to laws that enslaved their children upon birth. In this way, they were central to the binding of reproductive labor with kinship, racial hierarchy, and the economics of slavery. Throughout this groundbreaking study, Morgan demonstrates that the development of Western notions of value and race occurred simultaneously. In so doing, she illustrates how racial capitalism denied the enslaved their kinship and affective ties while simultaneously relying on kinship to reproduce and enforce slavery through enslaved female bodies.
WITH HIS INCISIVE MIND AND RAZOR-SHARP PEN, NEW YORK TIMES BESTSELLING AUTHOR PAT BUCHANAN TAKES ON THE GREATEST QUESTION FACING THE NATION: WILL THE AMERICA WE KNOW AND LOVE SURVIVE ?
"History shows that people who save and invest grow and prosper,and the others deteriorate and collapse. As Financial Reckoning Day demonstrates, artificiallylow interest rates and rapid credit creation policies set by AlanGreenspan and the Federal Reserve caused the bubble in U.S. stocksof the late '90s. . . . Now, policies being pursued at the Fed aremaking the bubble worse. They are changing it from a stock marketbubble to a consumption and housing bubble. And when those bubbles burst, it's going to be worse than the stockmarket bubble . . . No one, of course, wants to hear it. They want the quick fix. Theywant to buy the stock and watch it go up twenty-five percentbecause that's what happened last year, and that's what they say onTV." —Jim Rogers, author of the bestseller AdventureCapitalist from the Foreword to Financial Reckoning Day Advanced praise from bestselling authors "An investment book that will not only enlarge your investmenthorizon, but also make you laugh and thoroughly entertain you for afew hours." —Dr. Marc Faber, author of the bestseller Tomorrow'sGold "Financial Reckoning Day is . . . in the category ofscintillating sex or good vision, something to be savored andenjoyed-before it is too late." —James Dale Davidson, author of the bestseller The GreatReckoning and The Sovereign Individual "A powerful and insightful vision . . . each paragraphstimulates a new rush of thoughts that fills in gaping holes in theinvestor's understanding of what has happened to their dreams . . .while prepping them to confront any new confusion that mayarrive." —Martin D. Weiss, author of the bestseller CrashProfits
This first book in a new dystopian trilogy begins the story of one girl's determination to survive the whims of a cruel king whom she has been chosen to serve.
After the untimely death of her mother and the arrest of her father for killing a man in barroom brawl, fourteen-year-old Sarah Crane is forced to grow up fast. Left in the cold care of a foster family and alienated at school, Sarah befriends classmate Nick Dunnigan, a former mental patient still plagued by voices and visions, and the eccentric art instructor Bettina Phillips, a mentor eager to nurture Sarah’s talent for painting. But within the walls of Bettina’s ancestral mansion, Sarah finds that monstrous images from the house’s dark history seem to flow unbidden from her paintbrush—images echoed by Nick’s chilling hallucinations. It seems the violence and fury of long-dead generations have finally found a gateway from the grave into the world of the living. And Sarah and Nick have found a power they never had: to take control, and take revenge.
David Hamlet's The Reckoning examines and answers how a vile individual such as Hitler could thrive on mass murder while maintaining a large group of followers.
The incomparable Jack Higgins returns to the bestseller lists, launching undercover enforcer Sean Dillon into a most spectacular adventure – a no-holds-barred battle with a Mafia don.
Agents Savich and Sherlock are back in the latest installment in Catherine Coulter’s #1 New York Times bestselling FBI Thriller series, and this time both are enlisted to help women with traumatic pasts who are in mortal danger. When she was twelve years old, Kirra Mandarian’s parents were murdered and she barely escaped with her life. Fourteen years later Kirra is a commonwealth attorney back home in Porte Franklin, Virginia, and her goal is to find out who killed her parents and why. She assumes the identity of E.N.—Eliot Ness—and gathers proof to bring down the man she believes was behind her parents’ deaths. She quickly learns that big-time criminals are very dangerous indeed and realizes she needs Dillon Savich’s help. Savich brings in Special Agent Griffin Hammersmith to work with Lieutenant Jeter Thorpe, the young detective who’d saved Kirra years before. Emma Hunt, a piano prodigy and the granddaughter of powerful crime boss Mason Lord, was only six years old when she was abducted. Then, she was saved by her adoptive father, San Francisco federal judge Ramsey Hunt. Now a 12-year-old with a black belt in Tae Kwon Do, she narrowly saves herself from a would-be kidnapper at Davies Hall in San Francisco. Worried for her safety, Emma’s entire family joins her for her next performance, at the Kennedy Center in Washington, D.C.. Sherlock and officers from METRO are assigned to protect her, but things don’t turn out as planned…