3071 books match the query 'Business & Economics' and 115 start with f

cover of Fabricating Women: The Seamstresses of Old Regime France, 1675–1791

Fabricating Women

The Seamstresses of Old Regime France, 1675–1791

Clare Haru Crowston

Duke University Press, 2001

Winner of the 2002 Berkshire Prize, presented by the Berkshire Conference of Women Historians

Fabricating Women examines the social institution of the seamstresses’ guild in France from the time of Louis XIV to the Revolution. In contrast with previous scholarship on women and gender in the early modern period, Clare Haru Crowston asserts that the rise of the absolute state, with its centralizing and unifying tendencies, could actually increase women’s economic, social, and legal opportunities and allow them to thrive in corporate organizations such as the guild. Yet Crowston also reveals paradoxical consequences of the guild’s success, such as how its growing membership and visibility ultimately fostered an essentialized femininity that was tied to fashion and appearances.
Situating the seamstresses’ guild as both an economic and political institution, Crowston explores in particular its relationship with the all-male tailors’ guild, which had dominated the clothing fabrication trade in France until women challenged this monopoly during the seventeenth century. Combining archival evidence with visual images, technical literature, philosophical treatises, and fashion journals, she also investigates the techniques the seamstresses used to make and sell clothing, how the garments reflected and shaped modern conceptions of femininity, and guild officials’ interactions with royal and municipal authorities. Finally, by offering a revealing portrait of these women’s private lives—explaining, for instance, how many seamstresses went beyond traditional female boundaries by choosing to remain single and establish their own households—Crowston challenges existing ideas about women’s work and family in early modern Europe.
Although clothing lay at the heart of French economic production, social distinction, and cultural identity, Fabricating Women is the first book to investigate this immense and archetypal female guild in depth. It will be welcomed by students and scholars of French and European history, women’s and labor history, fashion and technology, and early modern political economy.

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cover of Failure by Design: The California Energy Crisis and the Limits of Market Planning

Failure by Design

The California Energy Crisis and the Limits of Market Planning

Georg Rilinger

University of Chicago Press, 2024

A new framework for studying markets as the product of organizational planning and understanding the practical limits of market design.
 
The Western energy crisis was one of the great financial disasters of the past century. The crisis began in April 2000, when price spikes started to rattle California’s electricity markets. Decades later, some blame economic fundamentals and ignorant politicians, while others accuse the energy sellers who raided the markets. In Failure by Design, sociologist Georg Rilinger offers a different explanation, one that focuses on the practical challenges of market design. The unique physical attributes of electricity made it exceedingly difficult to introduce markets into the coordination of the electricity system, so market designers were brought in to construct the infrastructures that coordinate how market participants interact. An exercise in social engineering, these infrastructures were intended to guide market actors toward behavior that would produce optimal market results and facilitate grid management. Yet, though these experts spent their days worrying about incentive misalignment and market manipulation, they unintentionally created a system riddled with opportunities for destructive behavior. Rilinger’s analysis not only illuminates the California energy crisis but also develops a broader theoretical framework for thinking about markets as the products of organizational planning and the limits of social engineering, contributing broadly to sociological and economic thinking about the nature of markets.

 
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cover of Failure by Design: The California Energy Crisis and the Limits of Market Planning

Failure by Design

The California Energy Crisis and the Limits of Market Planning

Georg Rilinger

University of Chicago Press, 2024

This is an auto-narrated audiobook version of this book.

A new framework for studying markets as the product of organizational planning and understanding the practical limits of market design.

 
The Western energy crisis was one of the great financial disasters of the past century. The crisis began in April 2000, when price spikes started to rattle California’s electricity markets. Decades later, some blame economic fundamentals and ignorant politicians, while others accuse the energy sellers who raided the markets. In Failure by Design, sociologist Georg Rilinger offers a different explanation, one that focuses on the practical challenges of market design. The unique physical attributes of electricity made it exceedingly difficult to introduce markets into the coordination of the electricity system, so market designers were brought in to construct the infrastructures that coordinate how market participants interact. An exercise in social engineering, these infrastructures were intended to guide market actors toward behavior that would produce optimal market results and facilitate grid management. Yet, though these experts spent their days worrying about incentive misalignment and market manipulation, they unintentionally created a system riddled with opportunities for destructive behavior. Rilinger’s analysis not only illuminates the California energy crisis but also develops a broader theoretical framework for thinking about markets as the products of organizational planning and the limits of social engineering, contributing broadly to sociological and economic thinking about the nature of markets.

 
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cover of Fair Not Flat: How to Make the Tax System Better and Simpler

Fair Not Flat

How to Make the Tax System Better and Simpler

Edward J. McCaffery

University of Chicago Press, 2002

Everyone knows that the current tax system is unfair. Some of the richest people in America pay no tax, while a huge share of the tax burden falls on the rest of us. A mere glance at the tax code confirms that it is far too complex, with volumes of rules that no ordinary person could possibly comprehend. What is to be done? Some conservatives have called for a so-called flat tax. But a flat tax is not necessarily a simple tax, and "flat" means "more" for most taxpayers: a rise in middle-class taxes to finance tax cuts for the rich. Is there another choice?
In clear, easy-to-understand language, Edward J. McCaffery proposes a straightforward and fair alternative. A "fair not flat" tax that is consistent and progressive would tax spending, not income and savings. And if it were collected at its lower levels through a national sales tax, most people would not have to file a return. A supplemental tax on spending for the wealthiest individuals would make the national sales tax progressive. Under McCaffery's system, a family of four would pay no tax on their first $20,000 in spending, and 15 percent on the next $60,000. Only the few families who spend more than $80,000 a year would be subject to the supplemental tax. Necessities would be taxed less than ordinary and luxury items. No one would be taxed directly on savings. The estate and gift or so-called death tax would be abolished, for the simple reason that dead people don't spend. The "fair not flat" tax would fall on heirs when and as they spend their good fortune. Perhaps best of all, most Americans would not have to fill out tax returns.

Simpler, more efficient, fairer, and more reflective of America's current social values, McCaffery's "fair not flat" tax could help get us out of the tax mess that politicians and special interests have gotten us into, improving the whole country in the process. Read Fair Not Flat to find out how.

“In Fair Not Flat, Mr. McCaffery lays out the case for a consumption tax. He does so in a reader-friendly way, presenting his argument with very few footnotes, equations or technical terms. The consumption of the book, so to speak, is not at all taxing. And its argument is well worth pondering.”—Bruce Bartlett, Wall Street Journal

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cover of Fair Trade Rebels: Coffee Production and Struggles for Autonomy in Chiapas

Fair Trade Rebels

Coffee Production and Struggles for Autonomy in Chiapas

Lindsay Naylor

University of Minnesota Press, 2019

Reassessing interpretations of development with a new approach to fair trade


Is fair trade really fair? Who is it for, and who gets to decide? Fair Trade Rebels addresses such questions in a new way by shifting the focus from the abstract concept of fair trade—and whether it is “working”—to the perspectives of small farmers. It examines the everyday experiences of resistance and agricultural practice among the campesinos/as of Chiapas, Mexico, who struggle for dignified livelihoods in self-declared autonomous communities in the highlands, confronting inequalities locally in what is really a global corporate agricultural chain.

Based on extensive fieldwork, Fair Trade Rebels draws on stories from Chiapas that have emerged from the farmers’ interaction with both the fair-trade–certified marketplace and state violence. Here Lindsay Naylor discusses the racialized and historical backdrop of coffee production and rebel autonomy in the highlands, underscores the divergence of movements for fairer trade and the so-called alternative certified market, traces the network of such movements from the highlands and into the United States, and evaluates existing food sovereignty and diverse economic exchanges. 

Putting decolonial thinking in conversation with diverse economies theory, Fair Trade Rebels evaluates fair trade not by the measure of its success or failure but through a unique, place-based approach that expands our understanding of the relationship between fair trade, autonomy, and economic development.

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cover of Fair to Middlin': The Antebellum Cotton Trade of the Apalachicola/Chattahoochee River Valley

Fair to Middlin'

The Antebellum Cotton Trade of the Apalachicola/Chattahoochee River Valley

Lynn Willoughby

University of Alabama Press, 2009

Explores the livelihood of the regional antebellum economy surrounding the Apalachicola/Chattahoochee River valley and the resulting global impact of this industry

This study focuses on the port of Apalachicola, Florida and the business men who lived the trade, flourishing amongst the poor conditions of transportation, communication, money, and banking. Cotton businessmen located along the waterway and on the coast neatly divided the labour necessary to market the region's major source of income.

Early regional economics revolved around and grew from the rivers that served as the primary form of transportation, and each patchwork of economy in the antebellum South relied on a different river system and its major transportation artery. Few people truly understand and realize how important cotton was to the world's economy, and no other American export came close to the importance of cotton. This power and success allowed the South to function self-sufficiently, eliminating the need to rely on other regions for goods. It was not until the introduction of the railroad system that these individual river economies blurred and faded into one another, gradually uniting to one integrated national economy.
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cover of Fairhope, 1894–1954: The Story of a Single Tax Colony

Fairhope, 1894–1954

The Story of a Single Tax Colony

Paul E. Alyea and Blanche R. Alyea, With a New Introduction by Tennant McWilliams

University of Alabama Press, 2022

The remarkable and improbable story of the utopian single-tax social experiment that gave rise to one of the most unique and colorful communities along the Gulf Coast

Paul E. and Blanche R. Alyea’s Fairhope, 1894–1954, first published in 1954, is the history of this unique and improbable community and the single-tax social experiment that gave rise to it. This new edition offers an introduction by historian and Fairhope resident Tennant McWilliams, giving invaluable context and entertaining anecdotes not just regarding Fairhope’s founding but about the Alyeas themselves—all to the abiding value of their story for today’s residents and visitors.

On November 15, 1894, a small group of men and women met on a remote stretch of Mobile Bay’s eastern shore to establish a colony. It was a decidedly utopian undertaking in a period characterized by many similar social experiments and ideal communities, most of them failures. This group, which gathered at “Stapleton’s pasture” to found Fairhope, hoped to demonstrate the benefits of the single tax as a means of curing social and economic evils, making a practical test of the doctrines of economist Henry George.

Today, the wealth of parks, public and private schools, art galleries, and restaurants, combined with quaint shops and residential areas and a vibrant nautical life, all attest to Fairhope’s unique position among many older communities in the same region. Its residents represent a diverse array of interests and talents, and with a strong civic regard for individualism and creativity, Fairhope is also a haven for painters, potters, writers, and musicians.



 

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cover of False Dawn: The New Deal and the Promise of Recovery, 1933–1947

False Dawn

The New Deal and the Promise of Recovery, 1933–1947

George Selgin

University of Chicago Press, 2025

CHOSEN AS ONE OF THE WALL STREET JOURNAL’S 10 BEST BOOKS OF 2025

A definitive history of the United States’ recovery from the Great Depression—and the New Deal's true part in it.

FDR’s New Deal has long enjoyed a special place in American history and policy—both because it redefined the government’s fundamental responsibilities and because Roosevelt’s “bold experimentation” represented a type of policymaking many would like to see repeated.

But “the thing about bold experiments,” economist George Selgin reminds us, “is that they often fail.” In False Dawn Selgin draws on both contemporary sources and numerous studies by economic historians to show that, although steps taken during the Roosevelt administration’s first days raised hopes of a speedy recovery from the Great Depression, instead of fulfilling those hopes, subsequent New Deal policies proved so counterproductive that over seventeen percent of American workers—more than the peak unemployment rate during the COVID-19 crisis—were still either unemployed or on work relief six years later.

By distinguishing the New Deal’s successes from its failures, and explaining how the U.S. finally managed to lay the specter of mass unemployment to rest, Selgin draws salient lessons for dealing with future recessions.

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cover of Families That Work: Policies for Reconciling Parenthood and Employment

Families That Work

Policies for Reconciling Parenthood and Employment

Janet C. Gornick

Russell Sage Foundation, 2003

Parents around the world grapple with the common challenge of balancing work and child care. Despite common problems, the industrialized nations have developed dramatically different social and labor market policies—policies that vary widely in the level of support they provide for parents and the extent to which they encourage an equal division of labor between parents as they balance work and care. In Families That Work, Janet Gornick and Marcia Meyers take a close look at the work-family policies in the United States and abroad and call for a new and expanded role for the U.S. government in order to bring this country up to the standards taken for granted in many other Western nations. In many countries in Europe and in Canada, family leave policies grant parents paid time off to care for their young children, and labor market regulations go a long way toward ensuring that work does not overwhelm family obligations. In addition, early childhood education and care programs guarantee access to high-quality care for their children. In most of these countries, policies encourage gender equality by strengthening mothers' ties to employment and encouraging fathers to spend more time caregiving at home. In sharp contrast, Gornick and Meyers show how in the United States—an economy with high labor force participation among both fathers and mothers—parents are left to craft private solutions to the society-wide dilemma of "who will care for the children?" Parents—overwhelmingly mothers—must loosen their ties to the workplace to care for their children; workers are forced to negotiate with their employers, often unsuccessfully, for family leave and reduced work schedules; and parents must purchase care of dubious quality, at high prices, from consumer markets. By leaving child care solutions up to hard-pressed working parents, these private solutions exact a high price in terms of gender inequality in the workplace and at home, family stress and economic insecurity, and—not least—child well-being. Gornick and Meyers show that it is possible–based on the experiences of other countries—to enhance child well-being and to increase gender equality by promoting more extensive and egalitarian family leave, work-time, and child care policies. Families That Work demonstrates convincingly that the United States has much to learn from policies in Europe and in Canada, and that the often-repeated claim that the United States is simply "too different" to draw lessons from other countries is based largely on misperceptions about policies in other countries and about the possibility of policy expansion in the United States.
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cover of Fantasies of Hong Kong Disneyland: Attempted Indigenizations of Space, Labor, and Consumption

Fantasies of Hong Kong Disneyland

Attempted Indigenizations of Space, Labor, and Consumption

Jenny Banh

Rutgers University Press, 2025

Fantasies of Hong Kong Disneyland: Attempted Indigenizations of Space, Labor, and Consumption examines the attempt to transplant Disney's "happiest place on Earth" ethos to Hong Kong—with unhappy results. Focusing on the attempted localization/indigenization of this idea in a globalized transnational park, the book delves into the three-way dynamics of an American culture-corporation's intentions, Hong Kong, China's government investment and Hong Konger audience, and the Hong Kong Chinese locale. The triple actors introduce an especially complex case as two of the world's most powerful entities, the nominally Communist state of China and corporate behemoth Disney, come together for a project in the third space of Hong Kong. The situation poses special challenges for Disney's efforts to manage space, labor, and consumption to achieve local adaptation and business success. 
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cover of Farm Policy and Trade Conflict: The Uruguay Round and CAP Reform

Farm Policy and Trade Conflict

The Uruguay Round and CAP Reform

Alan Swinbank and Carolyn Tanner

University of Michigan Press, 1996

One of the most complex parts of the Uruguay Round of GATT negotiations was the agricultural dossier. The European Communities' Common Agricultural Policy (CAP) and EC-U.S. relations posed many of the difficult issues. Alan Swinbank and Carolyn Tanner give a compact, clear description and interpretation of the negotiations and the issues.This Thames Essay reviews the history of agriculture in the GATT through the previous rounds of negotiation, provides a succinct overview of the present state of world agriculture, and summarizes the history and present state of the CAP. The next three chapters chart the stages by which the Uruguay Round moved to agreement and simultaneous evolution of the CAP. A thorough description of the agricultural elements in the last Uruguay Round agreement precedes a final chapter looking forward to the desirable features of future world agricultural trade agreements.This will be a valuable source of information for agricultural economists, international trade economists working in governments, international organizations, financial institutions, and universities.
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cover of Farm Prices: Myth and Reality

Farm Prices

Myth and Reality

Willard W. Cochrane

University of Minnesota Press, 1958

Farm Prices was first published in 1958. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.

Few domestic questions are so controversial as the farm problem, yet the average city man finds it difficult to understand the basic issues involved. In this book Professor Cochrane describes for the layman the nature and causes of the commercial farm problem and the rural poverty problem and provides the basis for making informed judgments about these problems and their possible solutions. He analyzes the economic and political forces which are at work in the farm economy, explains the organization of modern agriculture, showing the unique structure of farming, and draws a vivid picture of the revolutionary developments which have taken place in agriculture. He discusses behavior patterns of farmers and consumers as they relate to the farm economy, and the role of government in the farm industry and in the lives of farmers.

Farm prices are constantly fluctuating, and out of this price variability emerge such serious and continuing farm problems as variable incomes, low incomes over extended periods, and uncertainty in production planning. In this study Professor Cochrane seeks to get at the root of the trouble by, first, exploring and exposing what he considers a basic fallacy in our present day thinking and approach to the farm problem. This is the widely held myth of an automatically adjusting agriculture, an agriculture that is always out of balance because of an "emergency." This myth, he points out, beclouds the issues involved in the whole farm problem.

The farm price myth splits two ways in the public mind, Mr. Cochrane explains, but these divergent attitudes represent differences only in mechanics, not in principle, and they are equally effective in obscuring the real picture. One segment of the public believes that agriculture, if left alone for a while, would gravitate toward and stabilize at some desirable level and pattern of prices, production, and incomes. The other segment believes that the same result would occur if agriculture were given a temporary, helping hand by the government. Mr. Cochrane shows the fallacies inherent in both of these convictions by presenting an integrated, overall picture of farm price behavior as it really exists. On a basis of this realistic view, he presents the two alternatives or hard policy choices that he believes the American farmer faces today.

Willard W. Cochrane is Professor Emeritus of Agricultural and Applied Economics at the University of Minnesota. He is the author of a number of books, including The City Man's Guide to the Farm Problem and Farm Prices: Myth and Reality. He previously served as an economist with the Food and Agriculture Organization of the United Nations and with the U.S. Department of Agriculture. He is the co-author of Economics of American Agriculture and Economics of Consumption.

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cover of Farm, Shop, Landing: The Rise of a Market Society in the Hudson Valley, 1780–1860

Farm, Shop, Landing

The Rise of a Market Society in the Hudson Valley, 1780–1860

Martin Bruegel

Duke University Press, 2002

At the turn of the nineteenth century, when the word “capital” first found its way into the vocabulary of mid-Hudson Valley residents, the term irrevocably marked the profound change that had transformed the region from an inward-looking, rural community into a participant in an emerging market economy. In Farm, Shop, Landing Martin Bruegel turns his attention to the daily lives of merchants, artisans, and farmers who lived and worked along the Hudson River in the decades following the American Revolution to explain how the seeds of capitalism were spread on rural U.S. soil.
Combining theoretical rigor with extensive archival research, Bruegel’s account diverges from other historiographies of nineteenth-century economic development. It challenges the assumption that the coexistence of long-distance trade, private property, and entrepreneurial activity lead to one inescapable outcome: a market economy either wholeheartedly embraced or entirely rejected by its members. When Bruegel tells the story of farmer William Coventry struggling in the face of bad harvests, widow Mary Livingston battling her tenants, blacksmith Samuel Fowks perfecting the cast-iron plough, and Hannah Bushnell sending her butter to market, Bruegel shows that the social conventions of a particular community, and the real struggles and hopes of individuals, actively mold the evolving economic order. Ultimately, then, Farm, Shop, Landing suggests that the process of modernization must be understood as the result of the simultaneous and often contentious interplay of social and economic spheres.
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cover of Farmers' Markets of the Heartland

Farmers' Markets of the Heartland

Janine MacLachlan

University of Illinois Press, 2012

A visual feast of the Midwest's homegrown bounty

In this splendidly illustrated book, food writer and self-described farm groupie Janine MacLachlan embarks on a tour of seasonal markets and farmstands throughout the Midwest, sampling local flavors from Michigan, Ohio, Indiana, Illinois, Missouri, Iowa, Minnesota, and Wisconsin. She conducts delicious research as she meets farmers, tastes their food, and explores how their businesses thrive in the face of an industrial food supply. She tells the stories of a pair of farmers growing specialty crops on a few acres of northern Michigan for just a few months out of the year, an Ohio cattle farm that has raised heritage beef since 1820, and a Minnesota farmer who tirelessly champions the Jimmy Nardello sweet Italian frying pepper. Along the way, she savors vibrant red carrots, slurpy peaches, vast quantities of specialty cheeses, and some of the tastiest pie to cross anyone's lips.

Informed by debates about eating local, seasonal crops, organic farming, sanitation, and biodiversity, Farmers' Markets of the Heartland tantalizes with special recipes from farm-friendly chefs and dozens of luscious color photographs that will inspire you to harvest the homegrown flavors in your own neighborhood.

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cover of Fashion Knowledge: Theories, Methods, Practices and Politics

Fashion Knowledge

Theories, Methods, Practices and Politics

Edited by Elke Gaugele and Monica Titton

Intellect Books, 2024

On theory and method in the changing field of fashion studies. 

At a point when fashion studies are expanding and the fashion industry is at a crucial point of change, Fashion Knowledge makes a valuable contribution to the field. The book explores current issues in fashion research, with a focus on the relationship between theory and practice. This edited collection assembles academic essays and intellectual activism next to visual essays and artistic interventions, proposing a different concept for fashion research that eschews the traditional logic of academic fashion studies. It features acclaimed designers, artists, curators, and theorists whose work investigates the multi-faceted debates on the rise of practice-based research in fashion. Contributors look at new forms of fashion knowledge that are forming along with shifting practices, shedding light on the entanglement of fashion and politics in both contemporary and historical moments.
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cover of Fashion Media and Sustainability: Encouraging Ethical Consumption via Journalism and Influencers

Fashion Media and Sustainability

Encouraging Ethical Consumption via Journalism and Influencers

Anastasia Denisova

University of Westminster Press, 2021

Fashion is among the biggest polluters, yet the media still promote throwaway fast fashion. The growing fashion public relations industry encourages and enables this media coverage. This policy brief identifies patterns in the way journalists and influencers cover fashion which contribute to unsustainable buying behaviours.

Recent research recommends practical steps to improve media coverage to make consumption sustainable, by changing consumers’ understanding and reducing the pressure on them to buy ‘fast’ satisfaction. Policy recommendations here suggested are based on original analysis of 1,000+ media artefacts in the UK – from magazines to newspapers, gossip weeklies to Instagram influencers.

Researcher Anastasia Denisova proposes regulation of vocabulary and of affiliated links in journalism and social media, greater discussion of the psychology of buying and a ‘paid advertisement label’. Also recommended is a more proactive approach to be taken by magazines and other media with the aim of promoting restyling advice and more sustainable coverage for readers of differing financial means.

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cover of Fashion and Ethics: Critical Studies in Fashion and Beauty, Volume II

Fashion and Ethics

Critical Studies in Fashion and Beauty, Volume II

Edited by Efrat Tseëlon

Intellect Books, 2014

Fashion and Ethics focuses on issues of power, social positioning, and practices among creators, producers, practitioners, wearers, and consumers of fashion. With a special emphasis on the moral fabric of clothing, contributors to the book offer a critique of some of the fundamental assumptions of ethical fashion and expose how products are often framed as fair trade in order to relieve consumers' guilt.

With essays that problematize issues such as ethical fashion’s self-appointed morality, the first-world notion that the environment should take priority over human development, the conflict between business profit and ethics, the unintended agendas involved in consuming green cosmetics or ethical culinary trends, and the discursive strategies of denial of the extreme cruelty in the procurement of animal skin and fur for use in fashion, Fashion and Ethics applies its uncompromising scrutiny to all areas of fashion. Throughout, the volume forces readers to confront the question: Does ethical fashion go deep enough into challenging unethical behavior or is it just a charade of good intentions?
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cover of Fast Track Research Notes Issue 1

Fast Track Research Notes Issue 1

James W. Hughes

Rutgers University Community Repository, 2020

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cover of Fast Track Research Notes Issue 2

Fast Track Research Notes Issue 2

James W. Hughes

Rutgers University Community Repository, 2020

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cover of Fast, Easy, and In Cash: Artisan Hardship and Hope in the Global Economy

Fast, Easy, and In Cash

Artisan Hardship and Hope in the Global Economy

Jason Antrosio and Rudi Colloredo-Mansfeld

University of Chicago Press, 2015

“Artisan” has become a buzzword in the developed world, used for items like cheese, wine, and baskets, as corporations succeed at branding their cheap, mass-produced products with the popular appeal of small-batch, handmade goods. The unforgiving realities of the artisan economy, however, never left the global south, and anthropologists have worried over the fate of resilient craftspeople as global capitalism remade their cultural and economic lives. Yet artisans are proving to be surprisingly vital players in contemporary capitalism, as they interlock innovation and tradition to create effective new forms of entrepreneurship. Based on seven years of extensive research in Colombia and Ecuador, veteran ethnographers Jason Antrosio and Rudi Colloredo-Mansfeld’s Fast, Easy, and In Cash explores how small-scale production and global capitalism are not directly opposed, but rather are essential partners in economic development.

Antrosio and Colloredo-Mansfeld demonstrate how artisan trades evolve in modern Latin American communities. In uncertain economies, small manufacturers have adapted to excel at home-based production, design, technological efficiency, and investments. Vivid case studies illuminate this process: peasant farmers in Túquerres, Otavalo weavers, Tigua painters, and the t-shirt industry of Atuntaqui. Fast, Easy, and In Cash exposes how these ambitious artisans, far from being holdovers from the past, are crucial for capitalist innovation in their communities and provide indispensable lessons in how we should understand and cultivate local economies in this era of globalization.
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cover of Fear Your Future: How the Deck Is Stacked against Millennials and Why Socialism Would Make It Worse

Fear Your Future

How the Deck Is Stacked against Millennials and Why Socialism Would Make It Worse

Philip Klein

Templeton Press, 2019

It’s become fashionable to demean millennials as the “snowflake” generation. Raised during the peace and prosperity of the ‘90s, they’re often perceived as carrying an entitlement mentality and being incapable of handling adversity. But Philip Klein sees them differently. Given the economic headwinds they faced at the start of their working lives, millennials have shown commendable fortitude.  And as Klein argues, they will need to maintain this character strength going forward because further challenges loom in their future.  

The aftershocks of the Great Recession, the skyrocketing cost of living, and the titanic weight of student loan debt have made the American Dream seem to be forever retreating toward the horizon. As if that weren’t enough, millennials will face the largest federal debt in history as boomers retire and extract trillions of dollars from Social Security and Medicare—far more than they contributed.  

In this concise, data-driven book, Klein begins the work of brightening the future for millennials by analyzing the problem compassionately yet objectively. There are real reasons to worry about what lies ahead if nothing changes. But the facts laid out in Klein’s book can steer the conversation to realistic solutions.



 
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cover of Federal Tax Policy and Charitable Giving

Federal Tax Policy and Charitable Giving

Charles T. Clotfelter

University of Chicago Press, 1985

The United States is distinctive among Western countries in its reliance on nonprofit institutions to perform major social functions. This reliance is rooted in American history and is fostered by federal tax provisions for charitable giving. In this study, Charles T. Clotfelter demonstrates that changes in tax policy—effected through legislation or inflation—can have a significant impact on the level and composition of giving.

Clotfelter focuses on empirical analysis of the effects of tax policy on charitable giving in four major areas: individual contributions, volunteering, corporate giving, and charitable bequests. For each area, discussions of economic theory and relevant tax law precede a review of the data and methodology used in econometric studies of charitable giving. In addition, new econometric analyses are presented, as well as empirical data on the effect of taxes on foundations.

While taxes are not the most important determinant of contributions, the results of the analyses presented here suggest that charitable deductions, as well as tax rates and other aspects of the tax system, are significant factors in determining the size and distribution of charitable giving. This work is a model for policy-oriented research efforts, but it also supplies a major (and very timely) addition to the evidence that must inform future proposals for tax reform.
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cover of Federalism and Social Policy: Patterns of Redistribution in 11 Democracies

Federalism and Social Policy

Patterns of Redistribution in 11 Democracies

Edited by Scott L. Greer and Heather Elliott

University of Michigan Press, 2019

Federalism and Social Policy focuses on the crucial question: Is a strong and egalitarian welfare state compatible with federalism? In this carefully curated collection, Scott L. Greer, Heather Elliott, and the contributors explore the relationship between decentralization and the welfare state to determine whether or not decentralization has negative consequences for welfare. The contributors examine a variety of federal countries, including Spain, Canada, and the United Kingdom, asking four key questions related to decentralization: (1) Are there regional welfare states (such as Scotland, Minnesota, etc.)? (2) How much variation is there in the structures of federal welfare states? (3) Is federalism bad for welfare? (4) Does austerity recentralize or decentralize welfare states? By focusing on money and policy instead of law and constitutional politics, the volume shows that federalism shapes regional governments and policies even when decentralization exists.
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cover of Feeding Globalization: Madagascar and the Provisioning Trade, 1600–1800

Feeding Globalization

Madagascar and the Provisioning Trade, 1600–1800

Jane Hooper

Ohio University Press, 2017

Between 1600 and 1800, the promise of fresh food attracted more than seven hundred English, French, and Dutch vessels to Madagascar. Throughout this period, European ships spent months at sea in the Atlantic and Indian Oceans, but until now scholars have not fully examined how crews were fed during these long voyages. Without sustenance from Madagascar, European traders would have struggled to transport silver to Asia and spices back to Europe. Colonies in Mozambique, Mauritius, and at the Cape relied upon frequent imports from Madagascar to feed settlers and slaves.

In Feeding Globalization, Jane Hooper draws on challenging and previously untapped sources to analyze Madagascar’s role in provisioning European trading networks within and ultimately beyond the Indian Ocean. The sale of food from the island not only shaped trade routes and colonial efforts but also encouraged political centralization and the slave trade in Madagascar. Malagasy people played an essential role in supporting European global commerce, with far-reaching effects on their communities.

Feeding Globalization reshapes our understanding of Indian Ocean and global history by insisting historians should pay attention to the role that food played in supporting other exchanges.

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cover of Feminist Economics Today: Beyond Economic Man

Feminist Economics Today

Beyond Economic Man

Edited by Marianne A. Ferber and Julie A. Nelson

University of Chicago Press, 2003

The 1993 publication of Marianne A. Ferber and Julie A. Nelson's Beyond Economic Man was a landmark in both feminist scholarship and the discipline of economics, and it quickly became a handbook for those seeking to explore the emerging connections between the two. A decade later, this book looks back at the progress of feminist economics and forward to its future, offering both a thorough overview of feminist economic thought and a collection of new, high-quality work from the field's leading scholars.
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cover of Festivals and the City: The Contested Geographies of Urban Events

Festivals and the City

The Contested Geographies of Urban Events

Andrew Smith, Guy Osborn, Bernadette Quinn, Andrew Smith, Guy Osborn and Bernadette Quinn

University of Westminster Press, 2022

This book explores how festivals and events affect urban places and public spaces, with a particular focus on their role in fostering inclusion. The ‘festivalisation’ of culture, politics and space in cities is often regarded as problematic, but this book examines the positive and negative ways that festivals affect cities by examining festive spaces as contested spaces. The book focuses on Western European cities, a particularly interesting context given the social and cultural pressures associated with high levels of in-migration and concerns over the commercialisation and privatisation of public spaces.

The key themes of this book are the quest for more inclusive urban spaces and the contested geographies of festival spaces and places. Festivals are often used by municipal authorities to break down symbolic barriers that restrict who uses public spaces and what those spaces are used for. However, the rise of commercial festivals and ticketed events means that they are also responsible for imposing physical and financial obstacles that reduce the accessibility of city parks, streets and squares.

Alongside addressing the contested effects of urban festivals on the character and inclusivity of public spaces, the book addresses more general themes including the role of festivals in culture-led regeneration. Several chapters analyse festivals and events as economic development tools, and the book also covers contested representations of festival cities and the ways related images and stories are used in place marketing.

A range of cases from Western Europe are used to explore these issues, including chapters on some of the world’s most significant and contested festival cities: Venice, Edinburgh, London and Barcelona. The book covers a wide range of festivals, including those dedicated to music and the arts, but also events celebrating particular histories, identities and pastimes. A series of fascinating cases are discussed - from the Venice Biennale and Dublin Festival of History, to Rotterdam’s music festivals and craft beer festivals in Manchester. The diverse and innovative qualities of the book are also evident in the range of urban spaces covered: obvious examples of public spaces – such as parks, streets, squares and piazzas – are addressed, but the book includes chapters on enclosed public spaces (e.g., libraries) and urban blue spaces (waterways) too. This reflects the interpretation of public spaces as socio-material entities: they are produced informally through their use (including for festivals and events), as well as through their formal design and management.

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cover of Fiery Dragons: Banks, Moneylenders and Microfinance in Burma

Fiery Dragons

Banks, Moneylenders and Microfinance in Burma

Sean Turnell

National University of Singapore Press, 2009

This book tells the story of Burma's financial system - of its banks, moneylenders and 'microfinanciers' - from colonial times to the present day. It argues that Burma's financial system matters, and that the careful study of this system can tell us something more general about Burma - not least about how the richest country in Southeast Asia at the dawn of the twentieth century, became the poorest at the dawn of the twenty-first. While financial systems and institutions matter in all countries, Turnell argues that they especially count in Burma as events in the financial and monetary sphere have been unusually, spectacularly, prominent in Burma's turbulent modern history. The story of Burma's financial system and its players is one that has shaped the country. It is a dramatic story of interest beyond the confines of economics and development studies.
[more]
cover of Fifth Business: A Life of the Chemist and Educationist Henry Edward Armstrong

Fifth Business

A Life of the Chemist and Educationist Henry Edward Armstrong

William H. Brock

University of Chicago Press, 2025

A biography of Henry Edward Armstrong, an underappreciated maverick in the history of chemistry.
 
Fifth Business is a biography of the English chemist, educator, and scientific critic Henry Edward Armstrong. Today, Armstrong, who was a central figure in the development of the science of chemistry between 1885 and 1914, is more remembered for his campaigns to improve the teaching of chemistry, and science generally, and less for his theory of residual affinity and reverse electrolysis—or his hostility toward physical chemistry. However, right up until his retirement, Armstrong was a significant and prolific organic chemist, as well as a major figure in the academic and social life of the Chemical Society.
 
Fifth Business
is structured as chronologically as possible, with Armstrong’s life and achievements as an active chemist in Part I (1848–1911) and as a critic in his long retirement in Part II (1911–1937). Brock’s authoritative biography provides a unique inside look at its subject, allowing us to better understand the history of British science, scientific institutions, scientific education, pedagogical theory, and social relations of science during the last third of the nineteenth century and the first third of the twentieth.
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cover of Fifty Years of Economic Measurement: The Jubilee of the Conference on Research in Income and Wealth

Fifty Years of Economic Measurement

The Jubilee of the Conference on Research in Income and Wealth

Edited series contract is 9894 by Ernst R. Berndt and Jack E. Triplett

University of Chicago Press, 1990

This volume contains papers presented at a conference in May 1988 in Washington, D.C., commemorating the fiftieth anniversary of the founding of the Conference on Research in Income and Wealth (CRIW). The call for papers emphasized assessments of broad topics in economic measurement, both conceptual and pragmatic. The organizers desired (and succeeded in obtaining) a mix of papers that, first, illustrate the range of measurement issues that economics as a science must confront and, second, mark major milestones of CRIW accomplishment. The papers concern prices and output (Griliches, Pieper, Triplett) and also the major productive inputs, capital (Hulten) and labor (Hamermesh). Measures of saving, the source of capital accumulation, are covered in one paper (Boskin); measuring productivity, the source of much of the growth in per capita income, is reviewed in another (Jorgenson). The use of economic data in economic policy analysis and in regulation are illustrated in a review of measures of tax burden (Atrostic and Nunns) and in an analysis of the data needed for environmental regulation (Russell and Smith); the adequacy of data for policy analysis is evaluated in a roundtable discussion (chapter 12) involving four distinguished policy analysts with extensive government experience in Washington and Ottawa.

[more]
cover of Fighting Financial Crises: Learning from the Past

Fighting Financial Crises

Learning from the Past

Gary B. Gorton and Ellis W. Tallman

University of Chicago Press, 2018

If you’ve got money in the bank, chances are you’ve never seriously worried about not being able to withdraw it. But there was a time in the United States, an era that ended just over a hundred years ago, when bank customers had to pay close attention to the solvency of the banking system, knowing they might have to rush to retrieve their savings before the bank collapsed. During the National Banking Era (1863–1913), before the establishment of the Federal Reserve, widespread banking panics were indeed rather common.

Yet these pre-Fed banking panics, as Gary B. Gorton and Ellis W. Tallman show, bear striking similarities to our recent financial crisis. Fighting Financial Crises thus turns to the past to better understand our uncertain present, investigating how panics during the National Banking Era played out and how they were eventually quelled and prevented. The authors then consider the Fed’s and the SEC’s reactions to the recent crisis, building an informative new perspective on how the modern economy works.
[more]
cover of Fighting For Time: Shifting Boundaries of Work and Social Life

Fighting For Time

Shifting Boundaries of Work and Social Life

Cynthia Fuchs Epstein

Russell Sage Foundation, 2004

Though there are still just twenty-four hours in a day, society's idea of who should be doing what and when has shifted. Time, the ultimate scarce resource, has become an increasingly contested battle zone in American life, with work, family, and personal obligations pulling individuals in conflicting directions. In Fighting for Time, editors Cynthia Fuchs Epstein and Arne Kalleberg bring together a team of distinguished sociologists and management analysts to examine the social construction of time and its importance in American culture. Fighting for Time opens with an exploration of changes in time spent at work—both when people are on the job and the number of hours they spend there—and the consequences of those changes for individuals and families. Contributors Jerry Jacobs and Kathleen Gerson find that the relative constancy of the average workweek in America over the last thirty years hides the fact that blue-collar workers are putting in fewer hours while more educated white-collar workers are putting in more. Rudy Fenwick and Mark Tausig look at the effect of nonstandard schedules on workers' health and family life. They find that working unconventional hours can increase family stress, but that control over one's work schedule improves family, social, and health outcomes for workers. The book then turns to an examination of how time influences the organization and control of work. The British insurance company studied by David Collinson and Margaret Collinson is an example of a culture where employees are judged on the number of hours they work rather than on their productivity. There, managers are under intense pressure not to take legally guaranteed parental leave, and clocks are banned from the office walls so that employees will work without regard to the time. In the book's final section, the contributors examine how time can have different meanings for men and women. Cynthia Fuchs Epstein points out that professional women and stay-at-home fathers face social disapproval for spending too much time on activities that do not conform to socially prescribed gender roles—men are mocked by coworkers for taking paternity leave, while working mothers are chastised for leaving their children to the care of others. Fighting for Time challenges assumptions about the relationship between time and work, revealing that time is a fluid concept that derives its importance from cultural attitudes, social psychological processes, and the exercise of power. Its insight will be of interest to sociologists, economists, social psychologists, business leaders, and anyone interested in the work-life balance.
[more]
cover of Fighting for NOW: Diversity and Discord in the National Organization for Women

Fighting for NOW

Diversity and Discord in the National Organization for Women

Kelsy Kretschmer

University of Minnesota Press, 2019

An unparalleled exploration of NOW’s trajectory, from its founding to the present—and its future

A new wave of feminist energy has swept the globe since 2016—from women’s marches and the #MeToo movement to transwomen’s inclusion and exclusion in feminism and participation in institutional politics. Amid all this, an organization declared dead or dying for thirty years—the National Organization for Women—has seen a membership boom. NOW presents an intriguing puzzle for scholars and activists alike. Considered one of the most stable organizations in the feminist movement, it has experienced much conflict and schism. Scholars have long argued that factionalism is the death knell of organizations, yet NOW continues to thrive despite internal conflicts. 

Fighting for NOW seeks to better understand how bureaucratic structures like NOW’s simultaneously provide stability and longevity, while creating space for productive and healthy conflict among members. Kelsy Kretschmer explores these ideas through an examination of conflict in NOW’s local chapters, its task forces and committees, and its satellite groups. NOW’s history provides evidence for three basic arguments: bureaucratic groups are not insulated from factionalism; they are important sites of creativity and innovation for their movements; and schisms are not inherently bad for movement organizations. Hence, Fighting for NOW is in stark contrast to conventional scholarship, which has conceptualized factionalism as organizational failure. It also provides one of the few book-length explorations of NOW’s trajectory, from its founding to the modern context. 

Scholars will welcome the book’s insights that draw on open systems and resource dependency theories, as well as its rethinking of how conflict shapes activist communities. Students will welcome its clear and compelling history of the feminist movement and of how feminist ideas have changed over the past five decades.

[more]
cover of Fights, Games, and Debates

Fights, Games, and Debates

Anatol Rapoport

University of Michigan Press, 1974

A scientifically grounded method by which we can understand human conflict in all its forms
[more]
cover of Finance Capitalism Unveiled: Banks and the German Political Economy

Finance Capitalism Unveiled

Banks and the German Political Economy

Richard Deeg

University of Michigan Press, 1999

If we are moving toward one global financial market, will all national financial systems that determine how businesses raise money look the same? Richard Deeg argues that, despite financial market integration and considerable harmonization in the regulation of financial markets, the traditional structure and economic functions of national financial systems are not inevitably undermined. Using the case of Germany--a country with a strong and distinctive financial sector that is at the center of the pressures of economic integration--the author shows how the unique aspects of the German financial sector and its relationship to the German economy have persisted notwithstanding powerful pressures to change. Posing the German model of coordinated capitalism in which banks play an important role in shaping both firm behavior and the possibilities for state intervention in the economy against the liberal model of the United States and Britain in which the securities markets play a much greater role than banks, Deeg shows how the German model has survived competitive pressures in the international economic system that have pushed Germany--and other countries--toward the liberal model.
This book will appeal to political scientists and economists interested in international financial markets, globalization, and the comparative study of domestic financial markets, as well as in German politics and the German economy.
Richard Deeg is Assistant Professor of Political Science, Temple University.
[more]
cover of Finance in America: An Unfinished Story

Finance in America

An Unfinished Story

Kevin R. Brine and Mary Poovey

University of Chicago Press, 2017

The economic crisis of 2008 led to an unprecedented focus on the world of high finance—and revealed it to be far more arcane and influential than most people could ever have imagined. Any hope of avoiding future crises, it’s clear, rest on understanding finance itself.
            To understand finance, however, we have to learn its history, and this book fills that need. Kevin R. Brine, an industry veteran, and Mary Poovey, an acclaimed historian, show that finance as we know it today emerged gradually in the late nineteenth century and only coalesced after World War II, becoming ever more complicated—and ever more central to the American economy. The authors explain the models, regulations, and institutions at the heart of modern finance and uncover the complex and sometimes surprising origins of its critical features, such as corporate accounting standards, the Federal Reserve System, risk management practices, and American Keynesian and New Classic monetary economics. This book sees finance through its highs and lows, from pre-Depression to post-Recession, exploring the myriad ways in which the practices of finance and the realities of the economy influenced one another through the years.
            A masterwork of collaboration, Finance in America lays bare the theories and practices that constitute finance, opening up the discussion of its role and risks to a broad range of scholars and citizens.
 
[more]
cover of Financial Aspects of the United States Pension System

Financial Aspects of the United States Pension System

Edited by Zvi Bodie and John B. Shoven

University of Chicago Press, 1984

This book provides valuable information and analysis to managers, policymakers, and investment counselors in the rapidly expanding field of pension funding. American workers, too, need answers and insights on how to invest their money and plan for their retirement. fifteen of America's leading financial analysts address such pressing questions as
-What is the current financial status of the elderly, and how vulnerable are they to inflation?
-What is the impact of inflation on the private pension system, and what are the effects of alternative indexing schemes?
-What roles can the social security system play in the provision of retirement income?
-What is the effect of the tax code and the Employee Retirement Income Security Act of 1974 (ERISA) on corporate pension policy?
-How well funded are corporate pension plans, and is a firm's unfunded pension liability fully reflected in the market value of its common stock?
Many of the conclusions these experts reach contradict and challenge popular views, thus providing fertile ground for innovation in pension planning.
[more]
cover of Financial Basics: A Money-Management Guide for Students, 2nd Edition

Financial Basics

A Money-Management Guide for Students, 2nd Edition

Susan Knox

The Ohio State University Press, 2016

Students are confronted with major financial decisions as they enter college, and yet they have little experience with personal finance. Their decisions, if not well made, could adversely affect them throughout their lives. This book is meant to empower students at the beginning of their financial lives with basic, straightforward information on managing bank accounts, creating spending plans, determining how much they can afford to pay for college, making student-loan decisions, establishing a credit history, and other money-management options.
This 2nd edition updates changes in online banking, smartphone apps, credit cards, and student loans but retains basic financial information that ensures students won’t learn about money the hard way. A chapter for parents has been added so they can help their students become financially knowledgeable, and it includes advice for parents about making decisions related to college costs. In addition, a chapter for grandparents contains suggestions on how to help college-bound grandchildren—financially and in other ways—without endangering their own financial security. A basic investments chapter is included for first-time investors.
 
The intent of Financial Basics is to enhance student readers’ financial knowledge and provide money-management options for finding their own best way to become masters of their money.
[more]
cover of Financial Deregulation and Integration in East Asia

Financial Deregulation and Integration in East Asia

Edited by Takatoshi Ito and Anne O. Krueger

University of Chicago Press, 1996

The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of exchange rates, interest rates, and capital flows.

In these thirteen essays, American and Asian scholars analyze the effects of financial deregulation and integration on East Asian markets. Topics covered include the roles of the United States and Japan in trading with Asian countries, macroeconomic policy implications of export-led growth in Korea and Taiwan, the effects of foreign direct investment in China, and the impact of financial liberalization in Japan, Korea, and Singapore.

Demonstrating the complexity of financial deregulation and the challenges it poses for policy makers, this volume provides an excellent picture of the overall status of East Asian financial markets for scholars in international finance and Asian economic development.
[more]
cover of Financial Derivatives and the Globalization of Risk

Financial Derivatives and the Globalization of Risk

Edward LiPuma and Benjamin Lee

Duke University Press, 2005

The market for financial derivatives is far and away the largest and most powerful market in the world, and it is growing exponentially. In 1970 the yearly valuation of financial derivatives was only a few million dollars. By 1980 the sum had swollen to nearly one hundred million dollars. By 1990 it had climbed to almost one hundred billion dollars, and in 2000 it approached one hundred trillion. Created and sustained by a small number of European and American banks, corporations, and hedge funds, the derivatives market has an enormous impact on the economies of nations—particularly poorer nations—because it controls the price of money. Derivatives bought and sold by means of computer keystrokes in London and New York affect the price of food, clothing, and housing in Johannesburg, Kuala Lumpur, and Buenos Aires. Arguing that social theorists concerned with globalization must familiarize themselves with the mechanisms of a world economy based on the rapid circulation of capital, Edward LiPuma and Benjamin Lee offer a concise introduction to financial derivatives.

LiPuma and Lee explain how derivatives are essentially wagers—often on the fluctuations of national currencies—based on models that aggregate and price risk. They describe how these financial instruments are changing the face of capitalism, undermining the power of nations and perpetrating a new and less visible form of domination on postcolonial societies. As they ask: How does one know about, let alone demonstrate against, an unlisted, virtual, offshore corporation that operates in an unregulated electronic space using a secret proprietary trading strategy to buy and sell arcane financial instruments? LiPuma and Lee provide a necessary look at the obscure but consequential role of financial derivatives in the global economy.

[more]
cover of Financial Founding Fathers: The Men Who Made America Rich

Financial Founding Fathers

The Men Who Made America Rich

Robert E. Wright and David J. Cowen

University of Chicago Press, 2006

When you think of the founding fathers, you think of men like George Washington, Thomas Jefferson, and Benjamin Franklin—exceptional minds and matchless statesmen who led the colonies to a seemingly impossible victory over the British and established the constitutional and legal framework for our democratic government. But the American Revolution was about far more than freedom and liberty. It was about economics as well. 

Robert E. Wright and David J. Cowen here chronicle how a different group of founding fathers forged the wealth and institutions necessary to transform the American colonies from a diffuse alliance of contending business interests into one cohesive economic superpower. From Alexander Hamilton to Andrew Jackson, the authors focus on the lives of nine Americans in particular—some famous, some unknown, others misunderstood, but all among our nation’s financial founding fathers. Such men were instrumental in creating and nurturing a financial system that drove economic growth in the nascent United States because they were quick to realize that wealth was as crucial as the Constitution in securing the blessings of liberty and promoting the general welfare. The astonishing economic development made possible by our financial founding fathers was indispensable to the preservation of national unity and of support for a government that was then still a profoundly radical and delicate political experiment.  

Grand in scope and vision, Financial Founding Fathers is an entertaining and inspiring history of the men who made America rich and steered her toward greatness.
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cover of Financial Markets Volatility and Performance in Emerging Markets

Financial Markets Volatility and Performance in Emerging Markets

Edited by Sebastian Edwards and Márcio G. P. Garcia

University of Chicago Press, 2008

Capital mobility is a double-edged sword for emerging economies, as governments must weigh the benefits of investment against the potential economic costs and political consequences of currency crises, devaluations, and instability. Financial Markets Volatility and Performance in Emerging Markets addresses the delicate balance between capital mobility and capital controls as developing countries navigate the convoluted global network of private investors, hedge funds, large corporations, and international institutions such as the International Monetary Fund.

A group of experts here examine rapidly globalizing financial markets with regard to capital flows and crises, domestic credit, international financial integration, and economic policy. Featuring detailed analyses and cross-national comparisons of countries such as Brazil, Argentina, Uruguay, and Korea, this book will shape economists’ and policymakers’ understanding of the effectiveness of restrictions on capital mobility in the world’s most fragile economies.
 
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cover of Financial Markets and Financial Crises

Financial Markets and Financial Crises

Edited by R. Glenn Hubbard

University of Chicago Press, 1991

Warnings of the threat of an impending financial crisis are not new, but do we really know what constitutes an actual episode of crisis and how, once begun, it can be prevented from escalating into a full-blown economic collapse?

Using both historical and contemporary episodes of breakdowns in financial trade, contributors to this volume draw insights from theory and empirical data, from the experience of closed and open economies worldwide, and from detailed case studies. They explore the susceptibility of American corporations to economic downturns; the origins of banking panics; and the behavior of financial markets during periods of crisis. Sever papers specifically address the current thrift crisis—including a detailed analysis of the over 500 FSLIC-insured thrifts in the southeast—and seriously challenge the value of recent measures aimed at preventing future collapse in that industry. Government economists and policy makers, scholars of industry and banking, and many in the business community will find these timely papers an invaluable reference.
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cover of Financial Missionaries to the World: The Politics and Culture of Dollar Diplomacy, 1900-1930

Financial Missionaries to the World

The Politics and Culture of Dollar Diplomacy, 1900-1930

Emily S. Rosenberg

Duke University Press, 2003

Financial Missionaries to the World establishes the broad scope and significance of "dollar diplomacy"—the use of international lending and advising—to early-twentieth-century U.S. foreign policy. Combining diplomatic, economic, and cultural history, the distinguished historian Emily S. Rosenberg shows how private bank loans were extended to leverage the acceptance of American financial advisers by foreign governments. In an analysis striking in its relevance to contemporary debates over international loans, she reveals how a practice initially justified as a progressive means to extend “civilization” by promoting economic stability and progress became embroiled in controversy. Vocal critics at home and abroad charged that American loans and financial oversight constituted a new imperialism that fostered exploitation of less powerful nations. By the mid-1920s, Rosenberg explains, even early supporters of dollar diplomacy worried that by facilitating excessive borrowing, the practice might induce the very instability and default that it supposedly worked against.

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cover of Financial Policies and the World Capital Market: The Problem of Latin American Countries

Financial Policies and the World Capital Market

The Problem of Latin American Countries

Edited by Pedro Aspe Armella, Rudiger Dornbusch, and Maurice Obstfeld

University of Chicago Press, 1983

The essays brought together in this volume share a common objective: To bring a unifying methodological approach to the analysis of financial problems in developing, open economies. While the primary focus is on contemporary Latin America, the methods employed and the lessons learned are of wider applicability. The papers address the financial integration issue from three different perspectives. In some cases, a country study is the vehicle for an econometric investigation of a particular external linkage. In other cases, an individual country's experience suggests an economic model in which the stylized facts may be analyzed and developed. A third direction is unabashedly theoretical and formulates more general principles which are broadly applicable rather than country-specific.

[more]
cover of Financial Sector Development in the Pacific Rim

Financial Sector Development in the Pacific Rim

Edited by Takatoshi Ito and Andrew K. Rose

University of Chicago Press, 2009

The reform in Asian financial sectors—especially in banking and stock markets—has been remarkable since the currency crisis of 1997–98. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York. Financial Sector Development in the Pacific Rim provides a rich collection of theoretical and empirical analyses of the growing capital markets in the region.

Bringing together authors from various East Asian and Pacific nations, this volume examines the institutional factors influencing financial innovation, the consequences of financial development, widespread consolidation occurring through mergers and acquisitions, and the implementation of policy reform. Financial Sector Development in the Pacific Rim offers the comparative analysis necessary to answer broad questions about economic development and the future of Asia.

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cover of Financing Corporate Capital Formation

Financing Corporate Capital Formation

Edited by Benjamin M. Friedman

University of Chicago Press, 1986

Six leading economists examine the financing of corporate capital formation in the U.S. economy. In clear and nontechnical terms, their papers provide valuable information for economists and nonspecialists interested in such questions as why interest rates are so high, why corporate debt has accelerated in recent years, and how government debt affects private financial markets.

Addressing these questions, the contributors focus chiefly on three themes: the actual use of debt and equity financing by corporations in recent years; the factors that drive the financial markets' pricing of debt and equity securities; and the relationship between corporations' real investment decisions and their financial decisions. While some of the papers are primarily expository, others break new ground. Extending his previous work, Robert Taggart finds a closer relationship between corporate and government debt than has been supposed. Zvi Bodie, Alex Kane, and Robert McDonald conclude in their study that the volatility of interest rates under the Volcker regime has led to a rise in real interest rates because of investors' demand for a greater risk premium. All of the papers present empirical findings in a useful analytical framework.

For its new findings and for its expert overview of issues central to an understanding of the U.S. economy, Financing Corporate Capital Formation should be of both historical and practical interest to students of economics and practitioners in the corporate and financial community.
[more]
cover of Financing Institutions of Higher Education

Financing Institutions of Higher Education

Edited by John Y. Campbell and Kaye Husbands Fealing

University of Chicago Press, 2026

An insightful, wide-ranging analysis of the economic hurdles facing America’s higher education system.

The US higher education sector faces numerous economic challenges, including the stagnating number of college-age domestic students, geographic mismatch between population growth and the location of colleges and universities, financial pressures, including cutbacks in government support, growing student debt burdens, sticker prices that deter prospective applicants, and the risk of low capital market returns on endowment portfolios. This volume analyzes the responses of students, families, and the financial managers of higher education institutions to these challenges. It presents new insights into the substantial disparities in the financial structure of, and the financial challenges facing, different types of institutions. The volume draws together contributions from financial economics, public finance, and industrial organization, as well as the economics of education.

[more]
cover of Financing Local Government in Indonesia: Mis Sea#84

Financing Local Government in Indonesia

Mis Sea#84

Nick Devas

Ohio University Press, 1989

Considering the size and importance of Indonesia, remarkably little has been published in the West about the society and government of that country. With over 160 million people, it is the fifth most populous country in the world. It is an archipelago of some 13,000 islands, stretching over 5,000 kilometers from from east to west, and contains within it an amazing array of cultures, as well as ethnic, economic, and religious variations.

Not surprisingly in view of the country's great size, vast regional differences, and cultural diversity, local government in Indonesia is on a massive scale. The task of managing and financing a system of local government is a troublesome one; the development needs of different regions are vast and the tasks facing local government are generally far beyond their limited resources. It is the purpose of this book not only to describe the existing system of local government but also to analyze it, identify weaknesses and problems with the present arrangement, and to propose realistic lines of reform. This collection of essays will provide a useful and constructive contribution to the discussion of issues central to the system of local government in Indonesia.
[more]
cover of Financing Low Income Communities

Financing Low Income Communities

Julia Sass Rubin

Russell Sage Foundation, 2007

Access to capital and financial services is crucial for healthy communities.  However, many impoverished individuals and neighborhoods are routinely ignored by mainstream financial institutions.  This neglect led to the creation of community development financial institutions (CDFIs), which provide low-income communities with financial services and act as a conduit to conventional financial organizations and capital markets. Edited by Julia Sass Rubin, Financing Low-Income Communities brings together leading experts in the field to assess what we know about the challenges of bringing financial services and capital to poor communities, map out future lines of research, and propose policy reforms to make these efforts more effective. The contributors to Financing Low-Income Communities distill research on key topics related to community development finance. Daniel Schneider and Peter Tufano examine the obstacles that make saving and asset accumulation difficult for low-income households—such as the fact that tens of millions of low-income and minority adults don't have a bank account—and consider solutions, like making it easier for low-wage workers to enroll in 401(K) plans. Jeanne Hogarth, Jane Kolodinksy, and Marianne Hilgert review evidence showing that community-based financial education programs can be effective in changing families' saving and budgeting patterns.  Lisa Servon proposes strategies for addressing the challenges facing the microenterprise field in the United States.  Julia Sass Rubin discusses ways community loan and venture capital funds have adapted in response to the decreased availability of funding, and considers potential sources of new capital, such as state governments and public pension funds.  Marva Williams explores the evolution and recent performance of community development banks and credit unions.  Kathleen Engel and Patricia McCoy document the proliferation of predatory lenders, who market loans at onerous interest rates to financially vulnerable families and the devastating effects of such lending on communities—from increased crime to falling home values and lower tax revenues. Rachel Bratt reviews the policies and programs used to make rental and owned housing financially accessible.  Rob Hollister proposes a framework for evaluating the contributions of community development financial institutions. Despite the many accomplishments of CDFIs over the last four decades, changing political and economic conditions make it imperative that they adapt in order to survive.  Financing Low-Income Communities charts out new directions for public and private organizations which aim to end the financial exclusion of marginalized neighborhoods.
[more]
cover of Financing Prosperity by Dealing with Debt

Financing Prosperity by Dealing with Debt

Edited by Christopher Harker and Amy Horton

University College London, 2022

Transdisciplinary approaches to resolving problematic debt.

In an era when many of us depend on debt to survive but struggle with its consequences, Financing Prosperity by Dealing with Debt draws together current thinking on how to solve debt crises and promote prosperity. By profiling existing action by credit unions and community organizations, alongside bold proposals for the future, with contributions from artists, activists, and academics, the book shows how we can rethink the validity and inevitability of many contemporary forms of debt through organizing debt audits, promoting debt cancellation, and expanding member-owned co-operatives. The authors set out legal and political methods for changing the rules of the system to provide debt relief and reshape economies for more inclusive and sustainable flourishing. The book also profiles community-based actions that are changing the role of debt in economic, social, and political life—among them, participatory art projects, radical advice networks, and ways of financing feminist green transition. This volume moves beyond critique to present a wealth of concrete ways to tackle debt and forge the prosperous communities we want for the future, making it relevant to a broad audience of academics, practitioners, activists, and policymakers.
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