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"Economic Gangsters" is a fascinating exploration of the dark side of economic development. Two of the world's most creative young economists use their remarkable talents for economic sleuthing to study violence, corruption, and poverty in the most unexpected ways--Steven D. Levitt, coauthor of "Freakonomics."
In this sweeping book, one of today's leading political philosophers, Leif Wenar, goes behind the headlines in search of the hidden global rule that thwarts democracy and development-and that puts shoppers into business with some of today's most dangerous men.
The must-read summary of Raymond Fisman and Edward Miguel's book: “Economic Gangsters: Corruption, Violence, and the Poverty of Nations”. This complete summary of "Economic Gangsters" by Raymond Fisman and Edward Miguel, two "sleuthing economists", unveils their examination of the dark side of economic globalization and how it threatens developing countries and means that aid money often goes towards funding corruption. Added-value of this summary: • Save time • Understand economic globalization and its repercussions • Expand your knowledge of global economics To learn more, read "Economic Gangsters" and discover the dark truth behind globalization, international aid programmes and the black market.
An incisive look into the lives, politics, and horrible deeds of fifty-six of history’s most notorious world leaders—and how they shaped our world for the worst. For the most notorious leaders in the history of the world, evil is more than just a moment of weakness—it’s a way of life. For every noble king, righteous emperor, and peace-loving president, history seems to serve up a double portion of murderous pharaohs, deranged dictators, or corrupt czars. Thugs probes this dark and twisted side of raw human power—from France’s King Louis XIV to China’s Mao Tse-Tung and everywhere in between. It’s a fascinating peek into the lives of the rich and infamous, the sour crème de la crème. Some, like Herod the Great, earned villainous reputations for slaughtering their own family members and countrymen. Others, like Egypt’s King Farouk, were almost laughable in their misdeeds, amassing the world’s largest collection of pornography. Then there are those leaders, such as Hitler, who committed acts of such unspeakable evil that their names are uttered as curses. From Filipino first lady Imelda Marcos’s bullet-proof bras to African strongman Ide Amin’s bizarre fixation with all things Scottish, Micah D. Halpern turns the yellowed pages of history and contemporary news accounts to profile the bewildering, outrageous, horrific, gut-wrenching, zany, and tragicomic behavior of the world’s worst leaders. Praise for Thugs “Written in short, easy-to-digest sentences, columnist and historian Halpern fills his brief sketches with colorful, terrible details in the manner of that rare, beloved history teacher whose lectures stir rapture in a nap-prone student body.” —Publishers Weekly
With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.
We analyze a unique data set detailing the financial activities of a drug-selling street gang on a monthly basis over a four-year period in the recent past. The data, originally compiled by the gang leader to aid in managing the organization, contain detailed information on both the sources of revenues (e.g. drug sales, extortion) and expenditrues (e.g. costs of drugs sold, weapons, tribute to the central gang organization, wages paid to various levels of the gang). Street-level drug dealing appears to be less lucrative than is generally though. We estimate the average wage in the organization to rise from roughly $6 per hour to $11 per hour over the time period studied. The distribution of wages, however, is extremely skewed. Gang leaders earn far more than they could in the legitimate sector, but the actual street-level dealers appear to earn less than the minimum wage throughout most of our sample, in spite of the substantial risks associated with such activities (the annual violent death rate in our sample is 0.07), There is some evidence consistent both with compensating differentials and efficiency wages. The markup on drugs suggests that the gang has substantial local market power. Gang wars appear to have an important strategic component: violence on another gang's turf shifts demand away from that area. The gang we observe responds to such attacks by pricing below marginal cost, suggesting either economic punishment for the rival gang or the presence of switching for users that makes market share maintenance valuable. We investigate a range of alternative methods for estimating the willingness of gang members to accept risks of death, all of which suggest that the implicit value that gang members place on their own lives is very low.
A sweeping and highly readable work on the evolution of America’s domestic and global drug war How can the United States chart a path forward in the war on drugs? In Drugs and Thugs, Russell Crandall uncovers the full history of this war that has lasted more than a century. As a scholar and a high-level national security advisor to both the George W. Bush and Obama administrations, he provides an essential view of the economic, political, and human impacts of U.S. drug policies. Backed by extensive research, lucid and unbiased analysis of policy, and his own personal experiences, Crandall takes readers from Afghanistan to Colombia, to Peru and Mexico, to Miami International Airport and the border crossing between El Paso and Juarez to trace the complex social networks that make up the drug trade and drug consumption. Through historically driven stories, Crandall reveals how the war on drugs has evolved to address mass incarceration, the opioid epidemic, the legalization and medical use of marijuana, and America’s shifting foreign policy.
As their infatuation with President Obama fades, millions of Americans anxiously ask, Is this the change we were waiting for? The current administration represents change, for sure, Steven Malanga argues - a momentous transformation of the fundamental structure of American politics. A self-interested coalition of public-sector unions and government-financed community activists (like the young Barack Obama) has become our era''s characteristic political machine. In Shakedown, Mr. Malanga shows how this machine''s single-minded goal is always bigger government and more public spending. The bill, he says, is now coming due for the relentless rise of this new political powerhouse. He chronicles how public-sector unions and the corrupt political hacks beholden to them have all but bankrupted once-rich states like California and New Jersey. He details the campaigns to undermine the successful and popular 1990s welfare reform and to revitalize the failed, wasteful War on Poverty programs that funnel taxpayer money to the advocacy groups that are integral cogs in the new political machine. And he provides a comprehensive summary of how these same advocacy groups spent decades helping undermine mortgage standards in the name of helping the poor - in the process enriching themselves and enabling the housing meltdown. As Americans anxiously ponder the future direction of their government and their economy, Shakedown explores the questions of who got us in this mess and why we need change - constructive change - more than ever.
A subversive, macabre novel of a young Indian man’s misadventures in Victorian London as the city is racked by a series of murders In a small Bihari village, Captain William T. Meadows finds just the man to further his phrenological research back home: Amir Ali, confessed member of the infamous Thugee cult. With tales of a murderous youth redeemed, Ali gains passage to England, his villainously shaped skull there to be studied. Only Ali knows just how embroidered his story is, so when a killer begins depriving London’s underclass of their heads, suspicion naturally falls on the “thug.” With help from fellow immigrants led by a shrewd Punjabi woman, Ali journeys deep into a hostile city in an attempt to save himself and end the gruesome murders. Ranging from skull-lined mansions to underground tunnels a ghostly people call home, The Thing about Thugs is a feat of imagination to rival Wilkie Collins or Michael Chabon. Short-listed for the 2010 Man Asian Literary Prize, this sly Victorian role reversal marks the arrival of a compelling new Indian novelist to North America.