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In The Mayan in the Mall, J. T. Way traces the creation of modern Guatemala from the 1920s to the present through a series of national and international development projects. Way shows that, far from being chronically underdeveloped, this nation of stark contrasts—where shopping malls and multinational corporate headquarters coexist with some of the Western Hemisphere's poorest and most violent slums—is the embodiment of globalized capitalism.

Using a wide array of historical and contemporary sources, Way explores the multiple intersections of development and individual life, focusing on the construction of social space through successive waves of land reform, urban planning, and economic policy. His explorations move from Guatemala City's poorest neighborhoods and informal economies (run predominantly by women) to a countryside still recovering from civil war and anti-Mayan genocide, and they encompass such artifacts of development as the modernist Pan-American Highway and the postmodern Grand Tikal Futura, a Mayan-themed shopping mall ringed by gated communities and shantytowns. Capitalist development, Way concludes, has dramatically reshaped the country's physical and social landscapes—engendering poverty, ethnic regionalism, and genocidal violence—and positioned Guatemala as a harbinger of globalization's future.

In this compelling and cogently argued book, Tom Wessels demonstrates how our current path toward progress, based on continual economic expansion and inefficient use of resources, runs absolutely contrary to three foundational scientific laws that govern all complex natural systems. It is a myth, he contends, that progress depends on a growing economy. Wessels explains his theory with his three laws of sustainability: (1) the law of limits to growth, (2) the second law of thermodynamics, which exposes the dangers of increased energy consumption, and (3) the law of self-organization, which results in the marvelous diversity of such highly evolved systems as the human body and complex ecosystems. These laws, scientifically proven to sustain life in its myriad forms, have been cast aside since the eighteenth century, first by Western economists, political pragmatists, and governments attracted by the idea of unlimited growth, and more recently by a global economy dominated by large corporations, in which consolidation and oversimplification create large-scale inefficiencies in both material and energy usage. Wessels makes scientific theory readily accessible by offering examples of how the laws of sustainability function in the complex systems we can observe in the natural world around us. He shows how systems such as forests can be templates for developing sustainable economic practices that will allow true progress. Demonstrating that all environmental problems have their source in a disregard for the laws of sustainability that is based on the myth of progress, he concludes with an impassioned argument for cultural change.

"This is a pioneering study and represents a major undertaking. . . . Stieg succeeds in making intelligible the diffuse and highly diversified nature of the historical periodical. At minimum, this title should be required reading of all history graduate students in methodology courses. Many senior historians would also benefit from a review of its contents. . . . Information and library science students specializing in scholarly communication should digest the entire study." —Journal of Education for Library and Information Science

Examines the concept of the katsina and the religion that developed around it, focusing on what makes katsinas unique, why the concept was developed, and what adaptive value it had for prehistoric Pueblo culture.

Synthesizing a wide range of scholarship Christopher Howe traces the history of Japanese trade over four centuries and locates the sources of Japan's current commercial and financial strength in events that began in the sixteenth century.

"Thoughtful, well-organized, and lucidly written and reflects many years of painstaking research in different literatures."—Business Horizons

"The best analysis yet in English of the role of technology in Japan's emergence as a global economic power."—David J. Jeremy, Technology and Culture

"An important addition to Japanese economic history and the concept of creating relative advantage in trade."—Richard Rice, Journal of Asian Studies

"No other work in English approaches Christopher Howe's combination of a sweeping historical perspective with a comprehensive yet in-depth analysis of factors underlying Japan's pre-1940 economic 'miracle.' . . . [An] illuminating study."—Steven J. Ericson, American Historical Review

Our planet is finite. Our political and economic systems were designed for an infinite planet. These difficult truths anchor the perceptive analysis offered in The Other Road to Serfdom and the Path to Sustainable Democracy. With wit, energy, and a lucid prose style, Eric Zencey identifies the key elements of “infinite planet” thinking that underlie our economics and our politics—and shows how they must change. Zencey’s title evokes F. A. Hayek, who argued that any attempt to set overall limits to free markets—any attempt at centralized planning—is “the road to serfdom.” But Hayek’s argument works only if the planet is infinite. If Hayek is right that planning and democracy are irreducibly in conflict, Zencey argues, then on a finite planet, “free markets operated on infinite planet principles are just the other road to serfdom.” The alternative is ecological economics, an emergent field that accepts limits to what humans can accomplish economically on a finite planet. Zencey explains this new school of thought and applies it to current political and economic concerns: the financial collapse, terrorism, population growth, hunger, the energy and oil industry’s social control, and the deeply rooted dissatisfactions felt by conservative “values” voters who have been encouraged to see smaller government and freer markets as the universal antidote. What emerges is a coherent vision, a progressive and hopeful alternative to neoconservative economic and political theory—a foundation for an economy that meets the needs of the 99% and just might help save civilization from ecological and political collapse.

Permaculture is an environmental movement that makes us revaluate what it means to be sustainable. Through innovative agriculture and settlement design, the movement creates new communities that are harmonious with nature. It has grown from humble origins on a farm in 1970s Australia and flourished into a worldwide movement that confronts industrial capitalism.

The Politics of Permaculture is one of the first books to unpack the theory and practice of this social movement that looks to challenge the status quo. Drawing upon the rich seam of publications and online communities from the movement as well as extensive interviews with permaculture practitioners and organizations from around the world, Leahy explains the ways permaculture is understood and practiced in different contexts.

In the face of extreme environmental degradation and catastrophic climate change, we urgently need a new way of living.

Permaculture is an environmental movement that makes us revaluate what it means to be sustainable. Through innovative agriculture and settlement design, the movement creates new communities that are harmonious with nature. It has grown from humble origins on a farm in 1970s Australia and flourished into a worldwide movement that confronts industrial capitalism.

The Politics of Permaculture is one of the first books to unpack the theory and practice of this social movement that looks to challenge the status quo. Drawing upon the rich seam of publications and online communities from the movement as well as extensive interviews with permaculture practitioners and organizations from around the world, Leahy explains the ways permaculture is understood and practiced in different contexts.

In the face of extreme environmental degradation and catastrophic climate change, we urgently need a new way of living.

 

The disparity between rich and poor countries is the most serious, intractable problem facing the world today. The chronic poverty of many nations affects more than the citizens and economies of those nations; it threatens global stability as the pressures of immigration become unsustainable and rogue nations seek power and influence through extreme political and terrorist acts. To address this tenacious poverty, a vast array of international institutions has pumped billions of dollars into these nations in recent decades, yet despite this infusion of capital and attention, roughly five billion of the world's six billion people continue to live in poor countries. What isn't working? And how can we fix it? 

The Power of Productivity provides powerful and controversial answers to these questions. William W. Lewis, the director emeritus of the McKinsey Global Institute, here draws on extensive microeconomic studies of thirteen nations over twelve years—conducted by the Institute itself—to counter virtually all prevailing wisdom about how best to ameliorate economic disparity. Lewis's research, which included studying everything from state-of-the-art auto makers to black-market street vendors and mom-and-pop stores, conclusively demonstrates that, contrary to popular belief, providing more capital to poor nations is not the best way to help them. Nor is improving levels of education, exchange-rate flexibility, or government solvency enough. Rather, the key to improving economic conditions in poor countries, argues Lewis, is increasing productivity through intense, fair competition and protecting consumer rights.

As The Power of Productivity explains, this sweeping solution affects the economies of poor nations at all levels—from the viability of major industries to how the average consumer thinks about his or her purchases. Policies must be enacted in developing nations that reflect a consumer rather than a producer mindset and an attendant sense of consumer rights. Only one force, Lewis claims, can stand up to producer special privileges—consumer interests.

The Institute's unprecedented research method and Lewis's years of experience with economic policy combine to make The Power of Productivity the most authoritative and compelling view of the global economy today, one that will inform political and economic debate throughout the world for years to come.

Challenging the accounts of John Henry Wigmore and Leonard W. Levy, this history of the privilege against self-incrimination demonstrates that what has sometimes been taken to be an unchanging tenet of our legal system has actually encompassed many different legal consequences in a history that reaches back to the Middle Ages.

Each chapter of this definitive study uncovers what the privilege meant in practice. The authors trace the privilege from its origins in the medieval period to its first appearance in English common law, and from its translation to the American colonies to its development into an effective protection for criminal defendants in the nineteenth century. The authors show that the modern privilege—the right to remain silent—is far from being a basic civil liberty. Rather, it has evolved through halting and controversial steps. The book also questions how well an expansive notion of the privilege accords with commonly accepted principles of morality.

This book constitutes a major revision of our understanding of an important aspect of both criminal and constitutional law.

Communism, once heralded as the "radiant future" of all humanity, has now become part of Eastern Europe's past. What does the record say about the legacy of communism as an organizational system?

Michael Burawoy and Janos Lukacs consider this question from the standpoint of the Hungarian working class. Between 1983 and 1990 the authors carried out intensive studies in two core Hungarian industries, machine building and steel production, to produce the first extended participant-observation study of work and politics in state socialism.

"A fascinating and engagingly written eyewitness report on proletarian life in the waning years of goulash communism. . . . A richly rewarding book, one that should interest political scientists in a variety of subfields, from area specialists and comparativists to political economists, as well as those interested in Marxist and post-Marxist theory."—Elizabeth Kiss, American Political Science Review

"A very rich book. . . . It does not merely offer another theory of transition, but also presents a clear interpretive scheme, combined with sociological theory and vivid ethnographic description."—Ireneusz Bialecki, Contemporary Sociology

"Its informed skepticism of post-Communist liberal euphoria, its concern for workers, and its fine ethnographic details make this work valuable."—"àkos Róna-Tas, American Journal of Sociology

How has the United States government grown? What political and economic factors have given rise to its regulation of the economy? These eight case studies explore the late-nineteenth- and early twentieth-century origins of government intervention in the United States economy, focusing on the political influence of special interest groups in the development of economic regulation.

The Regulated Economy examines how constituent groups emerged and demanded government action to solve perceived economic problems, such as exorbitant railroad and utility rates, bank failure, falling agricultural prices, the immigration of low-skilled workers, workplace injury, and the financing of government. The contributors look at how preexisting policies, institutions, and market structures shaped regulatory activity; the origins of regulatory movements at the state and local levels; the effects of consensus-building on the timing and content of legislation; and how well government policies reflect constituency interests.

A wide-ranging historical view of the way interest group demands and political bargaining have influenced the growth of economic regulation in the United States, this book is important reading for economists, political scientists, and public policy experts.

In The Revolutionary Imagination in the Americas and the Age of Development, María Josefina Saldaña-Portillo boldly argues that crucial twentieth-century revolutionary challenges to colonialism and capitalism in the Americas have failed to resist—and in fact have been constitutively related to—the very developmentalist narratives that have justified and naturalized postwar capitalism. Saldaña-Portillo brings the critique of development discourse to bear on such exemplars of revolutionary and resistant political thought and practice as Ernesto “Che” Guevara, Malcolm X, the Sandinista government of Nicaragua, and the Guatemalan guerrilla resistance. She suggests that for each of these, developmentalist constructions frame the struggle as a heroic movement from unconsciousness to consciousness, from a childlike backwardness toward a disciplined and self-aware maturity.

Reading governmental reports, memos, and policies, Saldaña-Portillo traces the arc of development narratives from its beginnings in the 1944 Bretton Woods conference through its apex during Robert S. McNamara's reign at the World Bank (1968–1981). She compares these narratives with models of subjectivity and agency embedded in the autobiographical texts of three revolutionary icons of the 1960s and 1970s—those of Che Guevara, Guatemalan insurgent Mario Payeras, and Malcolm X—and the agricultural policy of the Sandinista National Liberation Front (FSLN). Saldaña-Portillo highlights a shared paradigm of a masculinist transformation of the individual requiring the "transcendence" of ethnic particularity for the good of the nation. While she argues that this model of progress often alienated the very communities targeted by the revolutionaries, she shows how contemporary insurgents such as Rigoberta Menchú, the Zapatista movement, and queer Aztlán have taken up the radicalism of their predecessors to retheorize revolutionary subjectivity for the twenty-first century.

The stunning collapse of the thrift industry, the major stock slump of 1987, rising corporate debt, wild fluctuations of currency exchange rates, and a rash of defaults on developing country debts have revived fading memories of the Great Depression and fueled fears of an impending economic crisis. Under what conditions are financial markets vulnerable to disruption and what economic consequences ensue when these markets break down?

In this accessible and thought-provoking volume, Benjamin M. Friedman investigates the origins of financial crisis in domestic capital markets, Paul Krugman examines the international origins and transmission of financial and economic crises, and Lawrence H. Summers explores the transition from financial crisis to economic collapse. In the introductory essay, Martin Feldstein reviews the major financial problems of the 1980s and discusses lessons to be learned from this experience. The book also contains provocative observations by senior academics and others who have played leading roles in business and government.

A classic work in political philosophy, intellectual and cultural history, and economics, The Road to Serfdom has inspired and infuriated politicians, scholars, and general readers for half a century. Originally published in England in the spring of 1944—when Eleanor Roosevelt supported the efforts of Stalin, and Albert Einstein subscribed lock, stock, and barrel to the socialist program—The Road to Serfdom was seen as heretical for its passionate warning against the dangers of state control over the means of production. For F. A. Hayek, the collectivist idea of empowering government with increasing economic control would inevitably lead not to a utopia but to the horrors of nazi Germany and fascist Italy.

First published by the University of Chicago Press on September 18, 1944, The Road to Serfdom garnered immediate attention from the public, politicians, and scholars alike. The first printing of 2,000 copies was exhausted instantly, and within six months more than 30,000 were sold. In April of 1945, Reader's Digest published a condensed version of the book, and soon thereafter the Book-of-the-Month Club distributed this condensation to more than 600,000 readers. A perennial best-seller, the book has sold over a quarter of a million copies in the United States, not including the British edition or the nearly twenty translations into such languages as German, French, Dutch, Swedish, and Japanese, and not to mention the many underground editions produced in Eastern Europe before the fall of the iron curtain.

After thirty-two printings in the United States, The Road to Serfdom has established itself alongside the works of Alexis de Tocqueville, John Stuart Mill, and George Orwell for its timeless meditation on the relation between individual liberty and government authority. This fiftieth anniversary edition, with a new introduction by Milton Friedman, commemorates the enduring influence of The Road to Serfdom on the ever-changing political and social climates of the twentieth century, from the rise of socialism after World War II to the Reagan and Thatcher "revolutions" in the 1980s and the transitions in Eastern Europe from communism to capitalism in the 1990s.

F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and the principal proponent of libertarianism in the twentieth century.

On the first American edition of The Road to Serfdom:
"One of the most important books of our generation. . . . It restates for our time the issue between liberty and authority with the power and rigor of reasoning with which John Stuart Mill stated the issue for his own generation in his great essay On Liberty. . . . It is an arresting call to all well-intentioned planners and socialists, to all those who are sincere democrats and liberals at heart to stop, look and listen."—Henry Hazlitt, New York Times Book Review, September 1944

"In the negative part of Professor Hayek's thesis there is a great deal of truth. It cannot be said too often—at any rate, it is not being said nearly often enough—that collectivism is not inherently democratic, but, on the contrary, gives to a tyrannical minority such powers as the Spanish Inquisitors never dreamt of."—George Orwell, Collected Essays

The international flow of long-term private capital has increased dramatically in the 1990s. In fact, many policymakers now consider private foreign capital to be an essential resource for the acceleration of economic growth. This volume focuses attention on the microeconomic determinants and effects of foreign direct investment (FDI) in the East Asian region, allowing researchers to explore the overall structure of FDI, to offer case studies of individual countries, and to consider their insights, both general and particular, within the context of current economic theory.

The Role of Government in the History of Economic Thought examines a controversial area of economic analysis: the appropriate role of government within the economic system. If the first two-thirds of the twentieth century were dominated by the active involvement of economists in government policymaking, blurring the lines between the spheres of economics and politics, then the last several decades have witnessed something of a reversion to the classical economics of Adam Smith and John Stuart Mill. This volume offers a comprehensive and integrated history of the evolution of the relationship between governments and economies, examining the British classical tradition, the American progressive movement, and corporatist ideology.

Rudolf Raff is recognized as a pioneer in evolutionary developmental biology. In their 1983 book, Embryos, Genes, and Evolution, Raff and co-author Thomas Kaufman proposed a synthesis of developmental and evolutionary biology. In The Shape of Life, Raff analyzes the rise of this new experimental discipline and lays out new research questions, hypotheses, and approaches to guide its development.

Raff uses the evolution of animal body plans to exemplify the interplay between developmental mechanisms and evolutionary patterns. Animal body plans emerged half a billion years ago. Evolution within these body plans during this span of time has resulted in the tremendous diversity of living animal forms.

Raff argues for an integrated approach to the study of the intertwined roles of development and evolution involving phylogenetic, comparative, and functional biology. This new synthesis will interest not only scientists working in these areas, but also paleontologists, zoologists, morphologists, molecular biologists, and geneticists.

In this authoritative three-volume reference work, leading researchers bring together current work to provide a comprehensive analysis of the comparative morphology, development, evolution, and functional biology of the skull.

“Over the years Colombian tax officials have received the benefit of first-class advice of leading foreign scholars. In return, these scholars—and indeed everyone concerned with development policy—have gained a great deal both from the unusual willingness of Colombians to consider new ideas in detail and then, after full public discussion, drawing on the work of these experts to design a ‘made-in-Colombia’ solution.
“[The book’s] most important contribution, however, is undoubtedly with respect to consumption taxes. No one, anywhere, has thought through with such care just how the so-called ‘simplified alternative tax’ (essentially a direct personal consumption tax combined with a cash-flow corporate tax) might work in the real world. Since such taxes are increasingly being considered—if not adopted—all over the world, in developing and developed countries alike, for this reason alone this book should be high on the reading list of all those concerned with the design and implementation of efficient and equitable direct tax systems.”—From the Foreword by Richard M. Bird

When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. The Transition in Eastern Europe, Volumes 1 and 2 is an analysis of the experiences of various countries making the transition to market economies and examines the most important challenges still in store.

Volume 1, Country Studies, gives an in-depth, country-by-country analysis of various reform experiences, including historical backgrounds and discussions of policies and results to date. The countries analyzed are Poland, Czechoslovakia, Hungary, eastern Germany, Slovenia, and Russia. Written by leading economists, some of whom helped shape local and national reforms, this volume identifies common progress, common difficulties, and tentative solutions to the problems of economic transition.

Volume 2, Restructuring, focuses on specific issues of transition, including how to design labor market institutions, privatization, new fiscal structures, and bankruptcy laws; how to reorganize foreign trade; and how to promote foreign direct investment. The articles, written by experts in the field, will be of direct help to those involved in the transition process.

These volumes provide a standard reference on economic transition in the region for policymakers in Eastern Europe and in western countries, for international agencies concerned with the transition process, and for anyone interested in learning about the dramatic changes that have recently occurred in Eastern Europe.

When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. The Transition in Eastern Europe, Volumes 1 and 2 is an analysis of the experiences of various countries making the transition to market economies and examines the most important challenges still in store.

Volume 1, Country Studies, gives an in-depth, country-by-country analysis of various reform experiences, including historical backgrounds and discussions of policies and results to date. The countries analyzed are Poland, Czechoslovakia, Hungary, eastern Germany, Slovenia, and Russia. Written by leading economists, some of whom helped shape local and national reforms, this volume identifies common progress, common difficulties, and tentative solutions to the problems of economic transition.

Volume 2, Restructuring, focuses on specific issues of transition, including how to design labor market institutions, privatization, new fiscal structures, and bankruptcy laws; how to reorganize foreign trade; and how to promote foreign direct investment. The articles, written by experts in the field, will be of direct help to those involved in the transition process.

These volumes provide a standard reference on economic transition in the region for policymakers in Eastern Europe and in western countries, for international agencies concerned with the transition process, and for anyone interested in learning about the dramatic changes that have recently occurred in Eastern Europe.

The rise and decline of American civic life has provoked wide-ranging responses from all quarters of society. Unfortunately, many proposals for improving our communities rely on renewed governmental efforts without a similar recognition that the inflexibility and poor accountability of governments have often worsened society's ills. The Voluntary City investigates the history of large-scale, private provision of social services, the for-profit provision of urban infrastructure and community governance, and the growing privatization of residential life in the United States to argue that most decentralized, competitive markets can contribute greatly to community renewal.

Among the fascinating topics covered are: how mutual-aid societies in America, Great Britain, and Australia provided their members with medical care, unemployment insurance, sickness insurance, and other social services before the welfare state; how private law, known historically as the law merchant, is returning in the form of arbitration; and why the rise of neighborhood associations represents the most comprehensive privatization occurring in the United States today.

The volume concludes with an epilogue that places the discoveries of The Voluntary City within the theory of market and government failure and discusses the implications of these discoveries for theories about the private provision of public goods. A refreshing challenge to the position that insists government alone can improve community life, The Voluntary City will be of special interest to students of history, law, urban life, economics, and government.

David T. Beito is Associate Professor of History, University of Alabama. Peter Gordon is Professor in the School of Policy, Planning, and Development and Department of Economics, University of Southern California. Alexander Tabarrok is Vice President and Research Director, the Independent Institute.

In this volume, some of the world's foremost authorities analyze the many challenges and opportunities confronting the WTO, addressing issues such as national policies, labor standards, and the environment. Presuming no technical background in economics, this is a comprehensive introduction to the WTO's place in the global economy and will appeal to anyone interested in world trade.
"[T]his book is a tour de force, with consistently fine papers by leading experts, and it is worthy of any bookshelf." —Joel P. Trachtman, American Journal of International Law

"This latest conference volume from the National Bureau of Economic Research is likely to be the definitive reference work on the WTO for years to come. . . . Specialists and non-specialists alike will gain a great deal from a careful reading of this impressive volume." —John Ravenhill, Australian Journal of Political Science

"For anyone who is interested in the further development of the rule system for the world economy, this book is a must." —Horst Siebert, Review of World Economics

The Will to Improve is a remarkable account of development in action. Focusing on attempts to improve landscapes and livelihoods in Indonesia, Tania Murray Li carefully exposes the practices that enable experts to diagnose problems and devise interventions, and the agency of people whose conduct is targeted for reform. Deftly integrating theory, ethnography, and history, she illuminates the work of colonial officials and missionaries; specialists in agriculture, hygiene, and credit; and political activists with their own schemes for guiding villagers toward better ways of life. She examines donor-funded initiatives that seek to integrate conservation with development through the participation of communities, and a one-billion-dollar program designed by the World Bank to optimize the social capital of villagers, inculcate new habits of competition and choice, and remake society from the bottom up.

Demonstrating that the “will to improve” has a long and troubled history, Li identifies enduring continuities from the colonial period to the present. She explores the tools experts have used to set the conditions for reform—tools that combine the reshaping of desires with applications of force. Attending in detail to the highlands of Sulawesi, she shows how a series of interventions entangled with one another and tracks their results, ranging from wealth to famine, from compliance to political mobilization, and from new solidarities to oppositional identities and violent attack. The Will to Improve is an engaging read—conceptually innovative, empirically rich, and alive with the actions and reflections of the targets of improvement, people with their own critical analyses of the problems that beset them.

Nobel Prize winning economist and former World Bank Chief Economist, Joseph Stiglitz, has repeatedly discussed the importance of transparency in policymaking at the World Bank and International Monetary Fund.  He believes a lack of transparency in the two institutions has lead to bad decisions.  Bad decisions at IMF and the World Bank mean real pain for the world’s poor.

There is a perception that “the suits” close the World Bank’s doors to deliberate the fate of earth’s poorest populations and only when the doors are unlocked do people living in poverty learn what has been decided about their future.  Meanwhile donations are down.  The bank’s critical International Development Association’s funding has dropped dramatically.  Managers are discouraged by studies examining the World Bank’s effectiveness.  How, they wonder, could such large beneficences have so little impact on poor populations? 

   Events of the past two years have only increased the stakes.  First, rising fuel prices caused a worldwide rise in the price of basic foods.  Then the deepest economic downturn since the Great Depression sapped donor nation’s coffers.  By the end of the Bush administration in 2009, giving by the USA lagged more than any other wealthy nation.  

   In 1999, two Bank researchers understood the situation was already on a precipice.  World Bank loans had ceased to make significant impact on poverty in many client nations.  Certain governments and multi-national corporations were destroying environments and desecrating indigenous cultures, all to achieve short-term gains for a fortunate few. 

 Demonstrable successes were few, and every World Bank conference became a melee of demonstrators and police.  The two researchers asked themselves whether it was possible to open up the institution by increased transparency, improve its accountability, and mute criticism.  They decided to launch an internet-based broadcast to disseminate unedited videos of internal discussions and debates.  The bank’s culture and bureaucracy, hardened over a half-century, presented them with a formidable foe.  Some powerful officials feared the transparency initiative; others withheld public support while standing on the sidelines.  The World Bank Unveiled documents this epic struggle.  It is the story of a revolution to transform the World Bank and a case study of the power of the Bank to transform people’s lives.

Emerging from the tradition of Marshall, Knight, Keynes, and Shackle, Time, Ignorance, and Uncertainty in Economic Models is concerned with the character of formal economic analysis when the notions of logical or mechanical time and probabilistic uncertainty and the relatively complete knowledge basis it requires, are replaced, respectively, by historical time, and nonprobabilistic uncertainty and ignorance. Examining that analytical character by constructing and exploring particular models, this book emphasizes doing actual economic analysis in a framework of historical time, nonprobabilistic uncertainty, and ignorance.
Donald W. Katzner begins with an extensive investigation of the distinction between potential surprise and probability. He presents a modified version of Shackle's model of decision-making in ignorance and examines in considerable detail its "comparative statics" and operationality properties. The meaning of aggregation and simultaneity under these conditions is also explored, and Shackle's model is applied to the construction of models of the consumer, the firm, microeconomics, and macroeconomics. Katzner concludes with discussions of the roles of history, hysteresis, and empirical investigation in economic inquiry.
Time, Ignorance, and Uncertainty in Economic Models will be of interest to economists and others engaged in the study of uncertainty, probability, aggregation, and simultaneity. Those interested in the microeconomics of consumer and firm behavior, general equilibrium, and macroeconomics will also benefit from this book.
Donald W. Katzner is Professor of Economics, University of Massachusetts.

Dendrochronology, the science of assigning precise calendar dates to annual growth rings in trees, provided accurate dates at a time when North American archaeologists had no absolute dating techniques available to guide their analyses. Time, Trees, and Prehistory examines the growth, development, application, and interpretive implications of North American archaeological tree-ring dating from 1914 to 1950.

The development of dendrochronology forced archaeologists to radically revise their understanding of the prehistoric past, compressing by nearly fifty percent the time scale of the archaeological record. Basketmaker sites, for instance, were once thought to be four thousand years old; tree-ring application demonstrated that these sites dated well into the present millennium. Classic sites in Chaco Canyon and Mesa Verde were believed occupied for nearly a thousand years, but tree-ring dates demonstrated that such sites were often built, occupied, and abandoned in just over a century. Other similar changes in temporal scale forced archaeologists to reconsider their interpretations of the rate of prehistoric cultural change, population growth, and the degree of social and political complexity in the Southwest.

Time, Trees, and Prehistory examines archaeological practices of the 1920s, 30s, and 40s and demonstrates that tree-ring dating set the stage that enabled revolutionary developments in archaeological method and theory in succeeding decades.

The Amazon, the world's largest rain forest, is the last frontier in Brazil. The settlement of large and small farmers, squatters, miners, and loggers in this frontier during the past thirty years has given rise to violent conflicts over land as well as environmental duress. Titles, Conflict, and Land Use examines the institutional development involved in the process of land use and ownership in the Amazon and shows how this phenomenon affects the behavior of the economic actors. It explores the way in which the absence of well-defined property rights in the Amazon has led to both economic and social problems, including lost investment opportunities, high costs in protecting claims, and violence. The relationship between land reform and violence is given special attention.

The book offers an important application of the New Institutional Economics by examining a rare instance where institutional change can be empirically observed. This allows the authors to study property rights as they emerge and evolve and to analyze the effects of Amazon development on the economy. In doing so they illustrate well the point that often the evolution of economic institutions will not lead to efficient outcomes.

This book will be important not only to economists but also to Latin Americanists, political scientists, anthropologists, and scholars in disciplines concerned with the environment.

Lee Alston is Professor of Economics, University of Illinois, and Research Associate for the National Bureau of Economic Research. Gary Libecap is Professor of Economics and Law, University of Arizona, and Research Associate for the National Bureau of Economic Research. Bernardo Mueller is Assistant Professor, Universidade de Brasilia.

Factor Supply and Substitution, the second in a three-volume study entitled Trade and Employment in Developing Countries, extends the analysis of trade regimes and employment both in depth for single countries and through cross-country analyses. It provides important new evidence of the effects of different trade policies and of the effects of the various factors that make up these policies—exchange rates, wages, social insurance and other taxes, credit, prices, and so on. All six studies reflect a carefully coordinated research strategy that has been carried out by a first-rate team. The researchers combine technical expertise with specialized knowledge of the individual countries.