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A surprising look at the big business of owning small businesses and what America’s franchise economy means for its workers.

Walk into a McDonald’s anywhere in the United States, and it will be identical to every other McDonald’s in the country. Yet, that particular store is almost certainly owned and operated by an “independent” franchisee. While McDonald’s presents an image of centralized uniformity to the consumer, it shows a different face to the small business owners operating its stores under its control and the workers preparing its product to its standards. How then does McDonald’s—and its big business peers—manage to be two things at once?

In this revelatory work, economist Brian Callaci shows how franchisors have altered the legal treatment of corporations in their favor through a decades-long crusade of lobbying and litigation. Their efforts subsequently unleashed a slew of legal and economic sins upon the US economy and labor force, allowing multinational corporations to control continent-spanning empires while outsourcing employment and scapegoating legal responsibilities onto small businesses. The result: the unfettered growth of some of America’s most recognizable businesses, at the aggregate expense of America’s workers.

Remarkable in both its scale and synthesis, Callaci’s story is the first chronicle of this business movement—initially resisted by US courts before experiencing a dramatic reversal of fortune after decades of campaigning by some of America’s most established entrepreneurs. An urgent and erudite history, Chains of Command reveals how the US labor market was tamed one small business at a time.

Often considered one of the major forces behind economic growth and development, the entrepreneurial firm can accelerate the speed of innovation and dissemination of new technologies, thus increasing a country's competitive edge in the global market. As a result, cultivating a strong culture of entrepreneurial thinking has become a primary goal throughout the world.

Surprisingly, there has been little systematic research or comparative analysis to show how the growth of entrepreneurship differs among countries in various stages of development. International Differences in Entrepreneurship fills this void by explaining how a country's institutional differences, cultural considerations, and personal characteristics can affect the role that entrepreneurs play in its economy. Developing an understanding of the origins of entrepreneurs as well as the choices they make and the complexity of their activities across countries and industries are of central importance to this volume. In addition, contributors consider how environmental factors of individual economies, such as market regulation, government subsidies for banks, and support for entrepreneurial culture affect the industry and the impact that entrepreneurs have on growth in developing nations.

For centuries throughout large portions of the globe, petty agriculturalists and industrialists have set their physical and mental energies to work producing products for direct consumption by their households and for exchange. This twofold household reproduction strategy, according to both Marxist and neoclassical approaches to development, should have disappeared from the global economy as labor was transformed into a producer as well as a consumer of capitalist commodities. But in fact, during the twentieth century, only the United States and Britain seem to have approximated this predicted scenario. Tens of millions of households in contemporary Asia, Africa, and Latin America and millions more in industrialized capitalist economies support themselves through petty commodity production alone or in combination with petty industry wage labor.

Obliging Need provides a detailed and comprehensive analysis of small-scale peasant and artisan enterprise in the Oaxaca Valley of Mexico. The authors show how commodity production is organized and operates in different craft industries, as well as the ways in which it combines with other activities such as household chores, agriculture, wage labor, and petty commerce. They demonstrate how—contrary to developmentalist dogma—small-scale capitalism develops from within Mexico's rural economy.

These findings will be important for everyone concerned with improving the lives and economic opportunities of countryfolk in the Third World. As the authors make clear, political mobilization in rural Mexico will succeed only as it addresses the direct producers' multiple needs for land, credit, more jobs, health insurance, and, most importantly, more equitable remuneration for their labor and greater rewards for their enterprise.

Peruvians were among the first Latinos to arrive in Paterson and other cities in New Jersey during the post-WW II period. Over successive generations, they established a prosperous ethnic enclave that contributed to Paterson’s socioeconomic renewal. Yet their migration experience has remained relatively unexamined by scholars. This book examines the role of entrepreneurship and informality in the emergence and evolution of the Peruvian community of Paterson. It highlights the historical significance of the establishment of small businesses and social organizations as important cultural elements that validated their physical presence in the area. By uncovering the diverse strategies that Peruvians utilized for building a community, Muschi contends that their culture of informality and resourcefulness paved the way for their economic advancement and the consolidation of the Peruvian community. This book also shows that the informal economic practices introduced by Peruvians altered the social and economic landscape of Paterson and contributed to the revitalization of the local economy. Through the examination of oral histories, archival material from local newspapers, and memoirs declassified by the Peruvian consulate, the author challenges the oversimplified portrayal of Latinos as blue- collar workers with few opportunities for socioeconomic advancement. Peruvians in Paterson demonstrates that Latino migrants achieve wealth and ethnic empowerment in the process of adjustment and community building, suggesting new lines for future research.

Timely and authoritative research on the latest issues in tax policy.

Tax Policy and the Economy publishes current academic research on taxation and government spending with both immediate bearing on policy debates and longer-term interest.

This volume presents new research on taxation, transfer programs, and related issues. Karen Dynan and Douglas Elmendorf examine the potential impact of automatic fiscal stabilizers on fiscal policy and economic activity. They find that a stabilizer providing direct payments could have produced faster unemployment decline after the Great Recession without raising inflation and much lower inflation after COVID-19 at the cost of a slower unemployment reduction. Alan J. Auerbach and William Gale review federal budget history and project the US debt-to-GDP ratio over the next 30 years, arguing that high projected debt could constrain future policy actions. They also explore possible fiscal consolidation policies. Beatrice Ferrario and Stefanie Stantcheva survey Americans’ views of health care and insurance, finding broad agreement regarding costs, access, and efficiency but partisan gaps in policy preferences stemming from fundamentally different views of government scope rather than contrasting efficiency or fairness beliefs. Jonathan S. Hartley, Kevin A. Hassett, and Joshua D. Rauh analyze the corporate investment response to the Tax Cut and Jobs Act of 2017, finding a larger response than a number of earlier studies of investment sensitivity would have suggested. Joel Slemrod reviews historical taxation based on racial, religious, and gender identity and examines how tax policies that are not conditioned on any of these attributes can nevertheless differentially impact families as a result of systemic differences in their economic circumstances. Finally, Marianne Bitler, Jason Cook, Chloe N. East, Sonya R. Porter, and Laura Tiehen analyze geographic proximity effects on Supplemental Nutrition Assistance Program (SNAP) participation, finding that when a SNAP office opens, participation increases by about 20%. When an office closes, they find that participation drops by about 8% in the next two years.

Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased government spending. East Asia exemplifies these trends, and this volume offers an in-depth look at how long-term demographic transitions have taken shape there and how they have affected the economy in the region.

The Economic Consequences of Demographic Change in East Asia assembles a group of experts to explore such topics as comparative demographic change, population aging, the rising cost of health care, and specific policy concerns in individual countries. The volume provides an overview of economic growth in East Asia as well as more specific studies on Japan, Korea, China, and Hong Kong. Offering important insights into the causes and consequences of this transition, this book will benefit students, researchers, and policy makers focused on East Asia as well as anyone concerned with similar trends elsewhere in the world.

Examines how radical bookstores and similar spaces serve as launching pads for social movements
 

How does social change happen? It requires an identified problem, an impassioned and committed group, a catalyst, and a plan. In this deeply researched consideration of seventy-seven stores and establishments, Kimberley Kinder argues that activists also need autonomous space for organizing, and that these spaces are made, not found. She explores the remarkably enduring presence of radical bookstores in America and how they provide infrastructure for organizing—gathering places, retail offerings that draw new people into what she calls “counterspaces.”

Kinder focuses on brick-and-mortar venues where owners approach their businesses primarily as social movement tools. These may be bookstores, infoshops, libraries, knowledge cafes, community centers, publishing collectives, thrift stores, or art installations. They are run by activist-entrepreneurs who create centers for organizing and selling books to pay the rent. These spaces allow radical and contentious ideas to be explored and percolate through to actual social movements, and serve as crucibles for activists to challenge capitalism, imperialism, white privilege, patriarchy, and homophobia. They also exist within a central paradox: participating in the marketplace creates tensions, contradictions, and shortfalls. Activist retail does not end capitalism; collective ownership does not enable a retreat from civic requirements like zoning; and donations, no matter how generous, do not offset the enormous power of corporations and governments. 

In this timely and relevant book, Kinder presents a necessary, novel, and apt analysis of the role these retail spaces play in radical organizing, one that demonstrates how such durable hubs manage to persist, often for decades, between the spikes of public protest.