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| chairman of the council of economic advisers: The President And The Council Of Economic Advisors Erwin C Hargrove, Samuel A Morley, 1984-09-19 |
| chairman of the council of economic advisers: The Drift Kevin A. Hassett, 2021-11-02 Kevin Hassett wasn’t always a Trump supporter. Before his surprising appointment as the top White House economist, he took a dim view of the populist agenda and mercurial temperament of the man who had won control of the Republican Party. But experience would soon change his mind. As chairman of the President’s Council of Economic Advisers, Hassett helped Donald Trump bring about a golden age of prosperity, in which Americans who had been left behind by decades of failed policy were given the opportunity to succeed. The miracle lasted three years, until a virus from China killed it. Trump proved that a mix of free-market principles and enlightened nationalism could revive the American economic dynamo. Guided by an unlikely team of brilliant advisers and driven by his own force of will, he recognized that Washington bureaucrats had undermined the American dream by inserting themselves into every aspect of the economy. These “experts” were leading us down the path to socialism, and Trump fought like mad to turn things around. Enjoying not only direct access to the president but also his trust and respect, Hassett was involved in almost every important policy debate. After two exhausting but successful years, he stepped down from the CEA and returned to private life—only to return as a special adviser on pandemic policy in 2020. The Drift offers a unique perspective on a pivotal presidency. Unconnected and unbeholden to Donald Trump, Kevin Hassett came to the administration with a critical eye. But working with Trump the president convinced him that this flawed leader might be the only man who could halt the drift toward a statist and moribund economy. Filled with urgent lessons, this book is essential reading as the drift resumes. |
| chairman of the council of economic advisers: Federal Yellow Book B. Kinnas Cook, 2012-12-06 |
| chairman of the council of economic advisers: The World According to China Elizabeth C. Economy, 2021-10-25 An economic and military superpower with 20 percent of the world’s population, China has the wherewithal to transform the international system. Xi Jinping’s bold calls for China to “lead in the reform of the global governance system” suggest that he has just such an ambition. But how does he plan to realize it? And what does it mean for the rest of the world? In this compelling book, Elizabeth Economy reveals China’s ambitious new strategy to reclaim the country’s past glory and reshape the geostrategic landscape in dramatic new ways. Xi’s vision is one of Chinese centrality on the global stage, in which the mainland has realized its sovereignty claims over Hong Kong, Taiwan, and the South China Sea, deepened its global political, economic, and security reach through its grand-scale Belt and Road Initiative, and used its leadership in the United Nations and other institutions to align international norms and values, particularly around human rights, with those of China. It is a world radically different from that of today. The international community needs to understand and respond to the great risks, as well as the potential opportunities, of a world rebuilt by China. |
| chairman of the council of economic advisers: Dow 36,000 James K. Glassman, Kevin A. Hassett, 2000 Every stock owner should read this book. -- Allan H. Meltzer, professor of political economy, Carnegie Mellon University * A radically new way to determine what stocks are really worth * Why the Dow is still poised to zoom * Why the financial establishment is wrong * Why stocks are actually less risky than bonds * How to build a maximizing portfolio and invest without fear One of the hottest business books around. . . . It has wonderfully clear explanations of financial theory [and] excellent advice on general investing approaches. -- Allan Sloan, Newsweek It may sound like headline-grabbing sensationalism, but the scholarly and punctilious authors make a persuasive case . . . the book is highly readable and witty. -- Arthur M. Louis, San Francisco Chronicle Dow 36,000 is a provocative and well-written treatise that cannot be dismissed. . . . -- Burton G. Malkiel, Wall Street Journal Dow 36,000: Everything you know about stocks is wrong. -- Jim Jubak, Worth magazine |
| chairman of the council of economic advisers: After the Music Stopped Alan S. Blinder, 2013-01-24 The New York Times bestseller Blinder's book deserves its likely place near the top of reading lists about the crisis. It is the best comprehensive history of the episode... A riveting tale. - Financial Times One of our wisest and most clear-eyed economic thinkers offers a masterful narrative of the crisis and its lessons. Many fine books on the financial crisis were first drafts of history—books written to fill the need for immediate understanding. Alan S. Blinder, esteemed Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board, held off, taking the time to understand the crisis and to think his way through to a truly comprehensive and coherent narrative of how the worst economic crisis in postwar American history happened, what the government did to fight it, and what we can do from here—mired as we still are in its wreckage. With bracing clarity, Blinder shows us how the U.S. financial system, which had grown far too complex for its own good—and too unregulated for the public good—experienced a perfect storm beginning in 2007. Things started unraveling when the much-chronicled housing bubble burst, but the ensuing implosion of what Blinder calls the “bond bubble” was larger and more devastating. Some people think of the financial industry as a sideshow with little relevance to the real economy—where the jobs, factories, and shops are. But finance is more like the circulatory system of the economic body: if the blood stops flowing, the body goes into cardiac arrest. When America’s financial structure crumbled, the damage proved to be not only deep, but wide. It took the crisis for the world to discover, to its horror, just how truly interconnected—and fragile—the global financial system is. Some observers argue that large global forces were the major culprits of the crisis. Blinder disagrees, arguing that the problem started in the U.S. and was pushed abroad, as complex, opaque, and overrated investment products were exported to a hungry world, which was nearly poisoned by them. The second part of the story explains how American and international government intervention kept us from a total meltdown. Many of the U.S. government’s actions, particularly the Fed’s, were previously unimaginable. And to an amazing—and certainly misunderstood—extent, they worked. The worst did not happen. Blinder offers clear-eyed answers to the questions still before us, even if some of the choices ahead are as divisive as they are unavoidable. After the Music Stopped is an essential history that we cannot afford to forget, because one thing history teaches is that it will happen again. |
| chairman of the council of economic advisers: New Dimensions of Political Economy Walter W. Heller, 1966 Study of changes in USA economic policy and the uses of economics in politics - includes fiscal policy. References pp. 175 to 189. |
| chairman of the council of economic advisers: The Federal Budget Aaron Bernard Wildavsky, Michael J. Boskin, 1982-01-01 |
| chairman of the council of economic advisers: Health and Wealth Disparities in the United States Anupam B. Jena, Thomas J. Phillipson, Eric C. Sun, 2010-10-16 In this volume, Anupam B. Jena, Tomas J. Philipson, and Eric C. Sun formally incorporate the effects of health into an analysis of economic disparities in America from 1940 to 200. They find that accounting for the value of health dramatically affects our understanding of wealth levels across groups-particularly across races. The income levels of blacks and whites followed a convergent trend until the 1970's, after which the rate of convergence slowed and even reversed slightly, suggesting that blacks' rate of economic progress has dwindled. However, when health gains are incorporated, the picture changes significantly. Black men and women made much faster improvements in health than white men and women over this sixty year period. Therefore, although black and white incomes have not converged fully, the overall disparity decreases when health is incorporated into the analysis. -- |
| chairman of the council of economic advisers: The Age of Turbulence Alan Greenspan, 2008-09-09 From the bestselling author of The Map and the Territory and Capitalism in America The Age Of Turbulence is Alan Greenspan’s incomparable reckoning with the contemporary financial world, channeled through his own experiences working in the command room of the global economy longer and with greater effect than any other single living figure. Following the arc of his remarkable life’s journey through his more than eighteen-year tenure as chairman of the Federal Reserve Board to the present, in the second half of The Age of Turbulence Dr. Greenspan embarks on a magnificent tour d’horizon of the global economy. The distillation of a life’s worth of wisdom and insight into an elegant expression of a coherent worldview, The Age of Turbulence will stand as Alan Greenspan’s personal and intellectual legacy. |
| chairman of the council of economic advisers: Global Productivity Alistair Dieppe, 2021-06-09 The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD |
| chairman of the council of economic advisers: The Man Who Knew Sebastian Mallaby, 2017-12-05 WINNER OF THE 2016 FT & McKINSEY BUSINESS BOOK OF THE YEAR AWARD, this is the biography of one of the titans of financial history over the last fifty years. Born in 1926, Alan Greenspan was raised in Manhattan by a single mother and immigrant grandparents during the Great Depression but by quiet force of intellect, rose to become a global financial 'maestro'. Appointed by Ronald Reagan to Chairman of the Federal Reserve, a post he held for eighteen years, he presided over an unprecedented period of stability and low inflation, was revered by economists, adored by investors and consulted by leaders from Beijing to Frankfurt. Both data-hound and eligible society bachelor, Greenspan was a man of contradictions. His great success was to prove the very idea he, an advocate of the Gold standard, doubted: that the discretionary judgements of a money-printing central bank could stabilise an economy. He resigned in 2006, having overseen tumultuous changes in the world's most powerful economy. Yet when the great crash happened only two years later many blamed him, even though he had warned early on of irrational exuberance in the market place. Sebastian Mallaby brilliantly shows the subtlety and complexity of Alan Greenspan's legacy. Full of beautifully rendered high-octane political infighting, hard hitting dialogue and stories, The Man Who Knew is superbly researched, enormously gripping and the story of the making of modern finance. |
| chairman of the council of economic advisers: The Conscience of a Liberal Paul Krugman, 2009-01-12 The most consistent and courageous—and unapologetic—liberal partisan in American journalism. —Michael Tomasky, New York Review of Books In this clear, provocative (Boston Globe) New York Times bestseller, Paul Krugman, today's most widely read economist, examines the past eighty years of American history, from the reforms that tamed the harsh inequality of the Gilded Age and the 1920s to the unraveling of that achievement and the reemergence of immense economic and political inequality since the 1970s. Seeking to understand both what happened to middle-class America and what it will take to achieve a new New Deal, Krugman has created his finest book to date, a stimulating manifesto offering a compelling historical defense of liberalism and a clarion call for Americans to retake control of their economic destiny (Publishers Weekly). As Democrats seek a rationale not merely for returning to power, but for fundamentally changing—or changing back—the relationship between America's government and its citizens, Mr. Krugman's arguments will prove vital in the months and years ahead. —Peter Beinart, New York Times |
| chairman of the council of economic advisers: Who's Bashing Whom? Laura D'Andrea Tyson, 1993 Governments around the world? This volume answers these questions on the basis of detailed and rigorous case studies of trade disputes between the United States, Japan, and Europe in aircraft, semiconductors, supercomputers, telecommunications, and other electronics products. Tyson proposes a cautious activist policy agenda to promote US competitiveness in high-technology sectors and to strengthen multilateral rules governing high-technology trade. |
| chairman of the council of economic advisers: Fiscal Therapy William G. Gale, 2019-03-01 Keeping the economy strong will require addressing two distinct but related problems. Steadily rising federal debt makes it harder to grow our economy, boost our living standards, respond to wars or recessions, address social needs, and maintain our role as a global leader. At the same time, we have let critical investments lag and left many people behind even as overall prosperity has grown. In Fiscal Therapy, William Gale, a leading authority on how federal tax and budget policy affects the economy, provides a trenchant discussion of the challenges posed by the imbalances between spending and revenue. America is facing a gradual decline as debt accumulates and delay raises the costs of action. But there is hope: fiscal responsibility aligns with both conservative and liberal goals and citizens of all stripes can support the notion of making life better for our children and grandchildren. Gale provides a plan to make the economy and nation stronger, one that controls entitlement spending but preserves and enhances their anti-poverty and social insurance roles, increases public investments on human and physical capital, and raises and reforms taxes to pay for government services in a fair and efficient way. What is needed, he argues, is to balance today's needs against tomorrow's obligations. We face significant fiscal challenges but, if we are wise enough to seize our opportunities, we can strengthen our economy, increase opportunity, reduce inequality, and build better lives for our children and grandchildren. We do not have to kill popular programs or starve government. Indeed, one main goal of fiscal reform is to maintain the vital functions that government provides. We need to act responsibly, pay for the government we want, and shape that government in ways that serve us best. |
| chairman of the council of economic advisers: The Quality of Growth in Africa Akbar Noman, Joseph E. Stiglitz, Ravi Kanbur, 2019-08-20 In recent years, concerns about the outcomes and nature of economic growth have given way to a new emphasis on its quality. This volume brings together prominent international contributors to consider a range of interrelated questions concerning the quality of growth in Africa, with a primary focus on sub-Saharan countries. Contributors discuss the measurement of growth, the transformations necessary to sustain it, and issues around equity and well-being. They consider topics such as the distribution of income gains from growth; the extent to which economic growth has resulted in improvements in employment, poverty, and security; structural transformations of the economy and diversification of the sources of growth; environmental sustainability; and management of urbanization. Offering both diagnoses and prescriptions, The Quality of Growth in Africa helps envision a future that goes beyond increasing GDP to ensuring that growth translates into advancements in well-being. Although the book focuses on sub-Saharan Africa, much of the contributors’ incisive analysis has implications for countries outside the region. |
| chairman of the council of economic advisers: Transforming the European Economy Martin Neil Baily, Jacob Funk Kirkegaard, 2004-09-10 Europe grew rapidly for many years, but now, faced with greater challenges, several of the large economies in Europe have either failed to generate enough jobs or have failed to achieve the highest levels of productivity or both. This study explores why Europe's growth slowed, what contribution information technology makes to growth, and what policies could facilitate economic transformation. It emphasizes a system with strong work incentives and a high level of competitive intensity. Europe doesn't need to eliminate its protections for individuals, the authors conclude, but both social programs and policies toward business must be reoriented so that they encourage economic change. |
| chairman of the council of economic advisers: The Mutual Fund Industry R. Glenn Hubbard, 2010 Mutual funds form the bedrock of retirement savings in the United States, and, considering their rapid growth over recent decades, are sure to become even more financially critical in the coming decades. Because the size of fees paid by investors to mutual fund advisers can strongly affect the return on investment, these fees have become contentious in Congress and the courts, with many arguing that investment advisers grow rich at the expense of investors. This groundbreaking book not only conceptualizes a new economic model for the industry but uses this model to test price competition between investment advisers. Its highly experienced authors track the growth of the industry over the past twenty-five years and present the arguments and evidence both for and against theories of adviser malfeasance, as well as the assertion that market forces fail to protect investors' returns from excessive fees. The volume briefly reviews the regulatory history of mutual fund fees and leading case decisions addressing excessive fees. It also reveals the extent to which the governance structure of mutual funds impacts fund performance. There is no greater text for those who seek to understand today's mutual fund industry, including investors, money managers, fund directors, securities lawyers, economists, and those concerned with regulatory policy toward mutual funds |
| chairman of the council of economic advisers: Inequality and Tax Policy Kevin A. Hassett, 2001 Top economists provide much-needed guidance--and some surprising conclusions--in response to rising public concerns about inequality in the U.S. tax system. |
| chairman of the council of economic advisers: Writing Journal Funtastic School Notebooks, 2019-06-15 COMPOSITION NOTEBOOK JOURNAL Turn heads at school rocking this beautifully designed composition notebook. It's the perfect travel size to fit in a laptop bag or backpack. Keep all your notes for each subject neatly organized. Buy your journal today and share one with a friend. They will love it! FEATURES: *120 Blank Pages - Lined *Beautiful Colorful Cover Art DIMENSIONS: 8.5x11 inches PERFECT FOR: Everyday Dairy School Homework Lists Personal Journal Creative Doodling Class Notes School Homework Pad Notetaking If you love this journal visit our selection of custom Journals and Notebooks creatively design for primary grades, elementary, middle school, high school and college. Click on our brand name Funtastic School Notebooks to view and purchase matching notebooks for every subject in 3 different sizes. |
| chairman of the council of economic advisers: Globalization and the Perceptions of American Workers Kenneth F. Scheve, Matthew Jon Slaughter, 2001 Using evidence from public opinion polls Scheve (political science, Yale U.) and Slaughter (economics, Dartmouth College, New Hampshire) discuss the attitudes of American workers towards globalization, concluding that there is a strong division in attitude based on education and skill levels, with less-skilled workers seeing globalization as a threat. The authors delineate globalization and their analysis in purely economic terms as they discuss the public opinion evidence on US opposition to globalization, various economic models to interpret the differences in opinion of the surveys, the larger context of recent US labor-market pressures and how these affect worker preferences. Annotation copyrighted by Book News Inc., Portland, OR |
| chairman of the council of economic advisers: The Pro-Growth Progressive Gene Sperling, 2005-11-30 President Bill Clinton's National Economic Adviser addresses the main issues that were at the center of debate in Bush's second term: Social security reform, outsourcing, and deficit reduction. After two consecutive elections in which Democratic candidates failed to turn clear economic advantages into electoral victory, a debate is raging over what the Democrats should do now. The narrow, red state-blue state argument between chest-beating populists and soulless centrists offers the answer to neither the country's economic future nor the political future of the Democrats. In The Pro-Growth Progressive,President Clinton's longest-serving national economic advisor, Gene Sperling, argues that the best economic strategy for our nation—and the best strategy for progressives whether they be Democrat, Republican, or Independent—is to pursue policies that are both progressive and pro-growth, that promote progressive values of upward mobility, fair starts, and economic dignity as well as embrace markets and innovation. Sperling describes how both parties offer the American public impoverished choices: Democrats in the-sky-is-falling party too often pretend that the way to promote progressive values and expand the American middle class is to slow the pace of the global economy, stop all outsourcing, and intervene in the market. Republicans of the don't-worry-be-happy party hold fast to the bankrupt vision that the best thing for economic growth is the smallest government possible, and have made the conservative deficit hawks of the 1990s an endangered species. But The Pro-Growth Progressive is neither an all-out assault on the Bush agenda nor a partisan call for Democrats to move further left. Both conservatives and progressives have to accept hard truths about the limitations of their approaches. Drawing on his years of policy experience, Sperling lays out a third way on the issues that are dominating the news and Bush's second term: social security, ownership, globalization, and deficit reduction. He explains the policy alternatives that respect the power of free markets while giving government a role in ensuring that the markets benefit all working families. Focused and timely, The Pro-Growth Progressive offers a realistic vision of free enterprise and economic growth in which government can improve education, reduce poverty, and restore the country to fiscal sanity. |
| chairman of the council of economic advisers: Change for America Mark Green, Michele Jolin, 2009-01-06 Mark Green and Michele Jolin look to 2009 as the beginning of an era of renewal and progressive governance in America. Change for America presciently and insightfully offers specific ideas for what our next President can do to revitalize our nation and restore our standing abroad. -- President Bill Clinton It was an election about change, but how will that change actually happen? The result of a collaboration between the Center for American Progress Action Fund (the advocacy arm of Washington's leading-edge progressive think-tank led) and the New Democracy Project's Mark Green, this comprehensive volume is written by over sixty leading policymakers, scholars and advocates. Based on four core values -- of democracy, security through diplomacy, opportunity and a greener world -- Change for America offers scores of solutions how to repair our broken government and create an enduring progressive era. The Center for American Progress Action Fund and Mark Green have assembled some of our nation's best minds, and their best ideas, into a book is packed with innovative, practical, and progressive solutions that will help take America in a New Direction. -- Speaker Nancy Pelosi These thoughtful essays offer a progressive way forward for the vast majority of Americans who hope their government works for the many, not just the few. -- Senator Ted Kennedy We don't just need a transition -- we need a transformation. Mark Green and Michele Jolin's encyclopedia of change offers a brilliant roadmap for the 44th President. -- Senator John Kerry This is one of the most important books to be published this year. It's a handbook for restoring the New Deal's social compact with our citizens over the first '100 Days' and the next 1360. -- James Roosevelt, Jr. Change for America is brilliant, timely and practical and teems with hard earned wisdom and common sense. -- Michael Eric Dyson |
| chairman of the council of economic advisers: The President's Council of Economic Advisers E. Ray Canterbery, 1961 |
| chairman of the council of economic advisers: The Quiet Revolution Alan S. Blinder, 2008-10-01 Although little noticed, the face of central banking has changed significantly over the past ten to fifteen years, says the author of this enlightening book. Alan S. Blinder, a former vice chairman of the Federal Reserve System and member of President Clinton’s Council of Economic Advisers, shows that the changes, though quiet, have been sufficiently profound to constitute a revolution in central banking. Blinder considers three of the most significant aspects of the revolution. The first is the shift toward transparency: whereas central bankers once believed in secrecy and even mystery, greater openness is now considered a virtue. The second is the transition from monetary policy decisions made by single individuals to decisions made by committees. The third change is a profoundly different attitude toward the markets, from that of stern schoolmarm to one of listener. With keenness and balance, the author examines the origins of these changes and their pros and cons. |
| chairman of the council of economic advisers: Crunch Jared Bernstein, 2008-04-21 According to author Bernstein, economic experts all too often manipulate and distort the science at the heart of important issues. In Crunch, he offers entertaining, informative, and direct answers to a set of compelling economic questions posed by ordinary people. |
| chairman of the council of economic advisers: Rethinking the Keynesian Revolution Tyler Beck Goodspeed, 2012-06-04 While standard accounts of the 1930s debates surrounding economic thought pit John Maynard Keynes against Friedrich von Hayek in a clash of ideology, this reflexive dichotomy is in many respects superficial. It is the argument of this book that both Keynes and Hayek developed their respective theories of the business cycle within the tradition of Swedish economist Knut Wicksell, and that this shared genealogy manifested itself in significant theoretical affinities between the two supposed antagonists. The salient features of Wicksell's work, namely the importance of money, the role of uncertainty, coordination failures, and the element of time in capital accumulation, all motivated the Keynesian and Hayekian theories of economic fluctuations. They also contributed to a fundamental convergence between the two economists during the 1930s. This shared, Wicksellian vision of economic problems points to a very different research agenda from that of the Walrasian-style, general equilibrium analysis that has dominated postwar macroeconomics. This book will appeal to economists interested in historical perspective of their discipline, as well as historians of economic thought. The author not only deconstructs some of the historical misconceptions of the Keynes versus Hayek debate, but also suggests how the insights uncovered can inform and instruct modern theory. While much of the analysis is technical, it does not assume previous knowledge of 1930s economic theory, and should be accessible to academics and graduate students with general economics training. |
| chairman of the council of economic advisers: Bubbleology Kevin Hassett, 2002-07-23 There are only two types of stocks: those safe from bubbles and those that are not. This is a fact of investing many discovered as they saw their fabulous gains whittled away by the extreme calamity of the Internet sector. But what about the future? Is there a way for investors to capture the enormous potential for profit that exists at the frontier of the economy, the place where innovation and genius operate, without placing their fortunes in jeopardy? Is there a way to evaluate price increases—and declines—and identify whether they are happening for good or bad reasons? Bubbleology makes it possible to separate the winners from the losers. It is a brilliant, practical, and original analysis of the stock market that bashes the conventional wisdom about bubbles, showing that such famous examples as Tulipomania were not, in fact, bubbles at all. Bubbleology shows that the traditional way of evaluating risk—equating it with volatility—is inherently flawed and incomplete. If a stock fluctuates a lot in price it is regarded as risky. If the price is stable, then it is not. What this simplistic way of thinking leaves out is the simple fact that companies trying something completely new that may fundamentally alter the economic landscape are operating at the frontier. The stock of such a company swims in a sea of ambiguity, its circumstances uncertain, since there is little to provide guidance about the future. But when nobody knows for sure what will happen, pundits tell us again about Tulipomania, the South Seas Bubble, and now the debacle of the Internet to scare investors away from potentially enormous profits. To realize those profits, however, investors have to understand the role that uncertainty and ambiguity—the absence of reliable information about future events—play in the modern stock market. Those who equate ambiguity with bubbles will miss the great opportunities of the future. Bubbleology provides a new way to observe what is really going on in the market, enabling you to understand whether a stock or a sector is suspicious—whether it is in a bubble and therefore something to be avoided. Finding bubbles requires knowing where to look and what to look for. Bubbleology will help you avoid both streaming into speculative manias and shying away from perfectly good business opportunities. It tells you why you need to avoid both pontificating pundits and overconfident stock analysts. With this unique and forward-thinking book, you can inspect suspicious stocks, accurately discern risk, and diagnose a blossoming bubble before it vanishes along with your money. |
| chairman of the council of economic advisers: Legislating Instability Tyler Beck Goodspeed, 2016-04-04 From 1716 to 1845, Scotland’s banks were among the most dynamic and resilient in Europe, effectively absorbing a series of adverse economic shocks that rocked financial markets in London and on the continent. Legislating Instability explains the seeming paradox that the Scottish banking system achieved this success without the government controls usually considered necessary for economic stability. Eighteenth-century Scottish banks operated in a regulatory vacuum: no central bank to act as lender of last resort, no monopoly on issuing currency, no legal requirements for maintaining capital reserves, and no formal limits on bank size. These conditions produced a remarkably robust banking system, one that was intensely competitive and served as a prime engine of Scottish economic growth. Despite indicators that might have seemed red flags—large speculative capital flows, a fixed exchange rate, and substantial external debt—Scotland successfully navigated two severe financial crises during the Seven Years’ War. The exception was a severe financial crisis in 1772, seven years after the imposition of the first regulations on Scottish banking—the result of aggressive lobbying by large banks seeking to weed out competition. While these restrictions did not cause the 1772 crisis, Tyler Beck Goodspeed argues, they critically undermined the flexibility and resilience previously exhibited by Scottish finance, thereby elevating the risk that another adverse economic shock, such as occurred in 1772, might threaten financial stability more broadly. Far from revealing the shortcomings of unregulated banking, as Adam Smith claimed, the 1772 crisis exposed the risks of ill-conceived bank regulation. |
| chairman of the council of economic advisers: You're Hired! Casey B. Mulligan, 2020-09-03 Donald J. Trump had essentially zero experience running for office and his candidacy for President of the United States was opposed by many in both parties that dominate American politics. Nevertheless, in 2016 the American people told him “You’re hired!”. As an insider, scholar, and Chief Economist of the President’s Council of Economic Advisers, Casey Mulligan presents riveting first-hand accounts of President Trump’s engagement with policy and politics. The struggle between Trump and a ruling class is skillfully presented by revealing business practices that President Trump is using to dismantle and reshape the Federal administrative state. It proves that today’s populism has some real substance, but also acknowledges Trump’s political incorrectness. You’re Hired! brilliantly details the administration’s successes and failures alongside the scandals, and accurately portrays the approach and capabilities of our President and our government. You will feel like an insider as you learn how Trump handles auto companies, Senator Bernie Sanders, immigration, international aid, the 2016 election, Twitter, and more that the news media has often failed to report or explain. Rigorous evidence is detailed on assertions that the White House staff is in perpetual chaos which is directly attributable to the President. |
| chairman of the council of economic advisers: The Map and the Territory Alan Greenspan, 2013-10-22 Like all of us, though few so visibly, Alan Greenspan was forced by the financial crisis of 2008 to question some fundamental assumptions about risk management and economic forecasting. No one with any meaningful role in economic decision making in the world saw beforehand the storm for what it was. How had our models so utterly failed us? To answer this question, Alan Greenspan embarked on a rigorous and far-reaching multiyear examination of how Homo economicus predicts the economic future, and how it can predict it better. Economic risk is a fact of life in every realm, from home to business to government at all levels. Whether we’re conscious of it or not, we make wagers on the future virtually every day, one way or another. Very often, however, we’re steering by out-of-date maps, when we’re not driven by factors entirely beyond our conscious control. The Map and the Territory is nothing less than an effort to update our forecasting conceptual grid. It integrates the history of economic prediction, the new work of behavioral economists, and the fruits of the author’s own remarkable career to offer a thrillingly lucid and empirically based grounding in what we can know about economic forecasting and what we can’t.The book explores how culture is and isn't destiny and probes what we can predict about the world's biggest looming challenges, from debt and the reform of the welfare state to natural disasters in an age of global warming. No map is the territory, but Greenspan’s approach, grounded in his trademark rigor, wisdom, and unprecedented context, ensures that this particular map will assist in safe journeys down many different roads, traveled by individuals, businesses, and the state. |
| chairman of the council of economic advisers: Maestro Bob Woodward, 2012-12-11 Who is responsible? From the President to the Federal Reserve Chairman, Alan Greenspan to Wall Street to the role of the emerging technologies, Woodward uses his exhaustive investigative technique to reveal the ideas and politics that have changed the lives of millions of people and established the United States as the world's preeminent power. He shows why America has found itself in this exalted position. How it might have been different and when and why it might end. |
| chairman of the council of economic advisers: The Riches of This Land Jim Tankersley, 2020-08-11 A vivid character-driven narrative, fused with important new economic and political reporting and research, that busts the myths about middle class decline and points the way to its revival. For over a decade, Jim Tankersley has been on a journey to understand what the hell happened to the world's greatest middle-class success story -- the post-World-War-II boom that faded into decades of stagnation and frustration for American workers. In The Riches of This Land, Tankersley fuses the story of forgotten Americans-- struggling women and men who he met on his journey into the travails of the middle class-- with important new economic and political research, providing fresh understanding how to create a more widespread prosperity. He begins by unraveling the real mystery of the American economy since the 1970s - not where did the jobs go, but why haven't new and better ones been created to replace them. His analysis begins with the revelation that women and minorities played a far more crucial role in building the post-war middle class than today's politicians typically acknowledge, and policies that have done nothing to address the structural shifts of the American economy have enabled a privileged few to capture nearly all the benefits of America's growing prosperity. Meanwhile, the angry white men of Ohio have been sold by Trump and his ilk a theory of the economy that is dangerously backward, one that pits them against immigrants, minorities, and women who should be their allies. At the culmination of his journey, Tankersley lays out specific policy prescriptions and social undertakings that can begin moving the needle in the effort to make new and better jobs appear. By fostering an economy that opens new pathways for all workers to reach their full potential -- men and women, immigrant or native-born, regardless of race -- America can once again restore the upward flow of talent that can power growth and prosperity. |
| chairman of the council of economic advisers: Confidence Men Ron Suskind, 2012-06-19 The hidden history of Wall Street and the White House comes down to a single, powerful, quintessentially American concept: confidence. Both centers of power, tapping brazen innovations over the past three decades, learned how to manufacture it. Until August 2007, when that confidence finally began to crumble. In this gripping and brilliantly reported book, Ron Suskind tells the story of what happened next, as Wall Street struggled to save itself while a man with little experience and soaring rhetoric emerged from obscurity to usher in “a new era of responsibility.” It is a story that follows the journey of Barack Obama, who rose as the country fell, and offers the first full portrait of his tumultuous presidency. Wall Street found that straying from long-standing principles of transparency, accountability, and fair dealing opened a path to stunning profits. Obama’s determination to reverse that trend was essential to his ascendance, especially when Wall Street collapsed during the fall of an election year and the two candidates could audition for the presidency by responding to a national crisis. But as he stood on the stage in Grant Park, a shudder went through Barack Obama. He would now have to command Washington, tame New York, and rescue the economy in the first real management job of his life. The new president surrounded himself with a team of seasoned players—like Rahm Emanuel, Larry Summers, and Tim Geithner—who had served a different president in a different time. As the nation’s crises deepened, Obama’s deputies often ignored the president’s decisions—“to protect him from himself”—while they fought to seize control of a rudderless White House. Bitter disputes—between men and women, policy and politics—ruled the day. The result was an administration that found itself overtaken by events as, year to year, Obama struggled to grow into the world’s toughest job and, in desperation, take control of his own administration. Pulitzer Prize-winning journalist Ron Suskind intro-duces readers to an ensemble cast, from the titans of high finance to a new generation of reformers, from petulant congressmen and acerbic lobbyists to a tight circle of White House advisers—and, ultimately, to the president himself, as you’ve never before seen him. Based on hundreds of interviews and filled with piercing insights and startling disclosures, Confidence Men brings into focus the collusion and conflict between the nation’s two capitals—New York and Washington, one of private gain, the other of public purpose—in defining confidence and, thereby, charting America’s future. |
| chairman of the council of economic advisers: The State of Working America 2006/2007 Lawrence R. Mishel, Jared Bernstein, Sylvia A. Allegretto, 2007 Praise for previous editions of The State of Working America: The State of Working America remains unrivaled as the most-trusted source for a comprehensive understanding of how working Americans and their families are faring in today's economy.--Robert B. ReichIt is the inequality of wealth, argue the authors, rather than new technology (as some would have it), that is responsible for the failure of America's workplace to keep pace with the country's economic growth. The State of Working America is a well-written, soundly argued, and important reference book.--Library Journal If you want to know what happened to the economic well-being of the average American in the past decade or so, this is the book for you. It should be required reading for Americans of all political persuasions.--Richard Freeman, Harvard University A truly comprehensive and useful book that provides a reality check on loose statements about U.S. labor markets. It should be cheered by all Americans who earn their living from work.--William Wolman, former chief economist, CNBC's Business Week The State of Working America provides very valuable factual and analytic material on the economic conditions of American workers. It is the very best source of information on this important subject.--Ray Marshall, University of Texas, former U.S. Secretary of LaborAn indispensable work . . . on family income, wages, taxes, employment, and the distribution of wealth.--Simon Head, The New York Review of Books No matter what political camp you're in, this is the single most valuable book I know of about the state of America, period. It is the most referenced, most influential resource book of its kind.--Jeff Madrick, author, The End of Affluence This book is the single best yardstick for measuring whether or not our economic policies are doing enough to ensure that our economy can, once again, grow for everybody.--Richard A. Gephardt The best place to review the latest developments in changes in the distribution of income and wealth.--Lester ThurowThe State of Working America, prepared biennially since 1988 by the Economic Policy Institute, includes a wide variety of data on family incomes, wages, taxes, unemployment, wealth, and poverty-data that enable the authors to closely examine the effect of the economy on the living standards of the American people. |
| chairman of the council of economic advisers: The Future of Capitalism Lester C. Thurow, 1997 This work analyzes the future of capitalism, and charts a course for surviving and winning in the years ahead. |
| chairman of the council of economic advisers: The Courage to Act Ben S. Bernanke, 2017-05-02 A New York Times Bestseller “A fascinating account of the effort to save the world from another [Great Depression]. . . . Humanity should be grateful.”—Financial Times In 2006, Ben S. Bernanke was appointed chair of the Federal Reserve, the unexpected apex of a personal journey from small-town South Carolina to prestigious academic appointments and finally public service in Washington’s halls of power. There would be no time to celebrate. The bursting of a housing bubble in 2007 exposed the hidden vulnerabilities of the global financial system, bringing it to the brink of meltdown. From the implosion of the investment bank Bear Stearns to the unprecedented bailout of insurance giant AIG, efforts to arrest the financial contagion consumed Bernanke and his team at the Fed. Around the clock, they fought the crisis with every tool at their disposal to keep the United States and world economies afloat. Working with two U.S. presidents, and under fire from a fractious Congress and a public incensed by behavior on Wall Street, the Fed—alongside colleagues in the Treasury Department—successfully stabilized a teetering financial system. With creativity and decisiveness, they prevented an economic collapse of unimaginable scale and went on to craft the unorthodox programs that would help revive the U.S. economy and become the model for other countries. Rich with detail of the decision-making process in Washington and indelible portraits of the major players, The Courage to Act recounts and explains the worst financial crisis and economic slump in America since the Great Depression, providing an insider’s account of the policy response. |
| chairman of the council of economic advisers: The Upside of Inequality Edward Conard, 2016-09-13 The scourge of America’s economy isn't the success of the 1 percent—quite the opposite. The real problem is the government’s well-meaning but misguided attempt to reduce the payoffs for success. Four years ago, Edward Conard wrote a controversial bestseller, Unintended Consequences, which set the record straight on the financial crisis of 2008 and explained why U.S. growth was accelerating relative to other high-wage economies. He warned that loose monetary policy would produce neither growth nor inflation, that expansionary fiscal policy would have no lasting benefit on growth in the aftermath of the crisis, and that ill-advised attempts to rein in banking based on misplaced blame would slow an already weak recovery. Unfortunately, he was right. Now he’s back with another provocative argument: that our current obsession with income inequality is misguided and will only slow growth further. Using fact-based logic, Conard tracks the implications of an economy now constrained by both its capacity for risk-taking and by a shortage of properly trained talent—rather than by labor or capital, as was the case historically. He uses this fresh perspective to challenge the conclusions of liberal economists like Larry Summers and Joseph Stiglitz and the myths of “crony capitalism” more broadly. Instead, he argues that the growing wealth of most successful Americans is not to blame for the stagnating incomes of the middle and working classes. If anything, the success of the 1 percent has put upward pressure on employment and wages. Conard argues that high payoffs for success motivate talent to get the training and take the risks that gradually loosen the constraints to growth. Well-meaning attempts to decrease inequality through redistribution dull these incentives, gradually hurting not just the 1 percent but everyone else as well. Conard outlines a plan for growing middle- and working-class wages in an economy with a near infinite supply of labor that is shifting from capital-intensive manufacturing to knowledge-intensive, innovation-driven fields. He urges us to stop blaming the success of the 1 percent for slow wage growth and embrace the upside of inequality: faster growth and greater prosperity for everyone. |
| chairman of the council of economic advisers: Of Counsel Arvind Subramanian, 2018 For nearly four years, Arvind Subramanian stood at the centre of economic policymaking in India. Through the communication of big ideas and the publication of accessible Economic Surveys, he gained a reputation as an innovator. Through honest pronouncements that avoided spin, he became a figure of public trust. What does it entail to serve at the helm of the world's fastest-growing economy, where decision-making affects a population of more than a billion people? In Of Counsel: The Challenges of the Modi-Jaitley Economy, Arvind Subramanian provides an inside account of his rollercoaster journey as the chief economic advisor to the Government of India from 2014-18, succeeding Raghuram Rajan as captain of the ship. With an illustrious cast of characters, Subramanian's part-memoir, part-analytical writings candidly reveal the numerous triumphs and challenges of policymaking at the zenith, while appraising India's economic potential, health and future through comprehensive research and original hypotheses. Charged with the task to restructure an insecure and fragile economy, Subramanian's trusteeship has seen the country through one of the most hotly contested and turbulent periods of economic governance and policymaking in recent decades-from the controversial recall of 85 per cent of circulated currency during demonetization to a complete overhaul in taxation with the introduction of the GST. Subramanian also addresses the overleveraging of public-sector banks, the fraught links between the state and private sector ('stigmatized capitalism'), the changing relationship between the state and the individual, and the ever-pervasive, life-threatening issues surrounding climate change. Recognized as one of the Top 100 Global Thinkers according to Foreign Policy magazine, Arvind Subramanian's Of Counsel: The Challenges of the Modi-Jaitley Economy is a deep-dive into the man, the moments, the measures and the means. |
| chairman of the council of economic advisers: The President's Council of Economic Advisers E Ray Canterbery, 2021-09-09 This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant. |
Chair (officer) - Wikipedia
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly.
GOP House Homeland chairman Green to retire from Congress ...
6 days ago · The House Homeland Security Committee’s chairman, Republican Rep. Mark Green of Tennessee, plans to retire from Congress once the House votes again on the tax and …
Chairman vs. President: What’s the Difference?
Aug 9, 2023 · A chairman, chairperson, or chair is the presiding officer of a board of directors or committee. The responsibilities and powers of the chairman vary depending on the …
CHAIRMAN Definition & Meaning - Merriam-Webster
The meaning of CHAIRMAN is a person and especially a man who serves as chairperson. How to use chairman in a sentence.
CHAIRMAN | English meaning - Cambridge Dictionary
Although chairman can refer to a person of either sex, chairperson or chair is often preferred to avoid giving the idea the person is necessarily male. The chairman called the meeting to …
CHAIRMAN Definition & Meaning - Dictionary.com
someone employed to carry or wheel a person in a chair. chairmaned or chairmanned, chairmaning or chairmanning. to act as or be chairman of (a meeting, committee, etc.).
CHAIRMAN definition and meaning | Collins English Dictionary
The chairman of a meeting or debate is the person in charge, who decides when each person is allowed to speak. The chairman declared the meeting open. I hear you, Mr. Chairman.
Chair (officer) - Wikipedia
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly.
GOP House Homeland chairman Green to retire from Congress ...
6 days ago · The House Homeland Security Committee’s chairman, Republican Rep. Mark Green of Tennessee, plans to retire from Congress once the House votes again on the tax and …
Chairman vs. President: What’s the Difference?
Aug 9, 2023 · A chairman, chairperson, or chair is the presiding officer of a board of directors or committee. The responsibilities and powers of the chairman vary depending on the …
CHAIRMAN Definition & Meaning - Merriam-Webster
The meaning of CHAIRMAN is a person and especially a man who serves as chairperson. How to use chairman in a sentence.
CHAIRMAN | English meaning - Cambridge Dictionary
Although chairman can refer to a person of either sex, chairperson or chair is often preferred to avoid giving the idea the person is necessarily male. The chairman called the meeting to …
CHAIRMAN Definition & Meaning - Dictionary.com
someone employed to carry or wheel a person in a chair. chairmaned or chairmanned, chairmaning or chairmanning. to act as or be chairman of (a meeting, committee, etc.).
CHAIRMAN definition and meaning | Collins English Dictionary
The chairman of a meeting or debate is the person in charge, who decides when each person is allowed to speak. The chairman declared the meeting open. I hear you, Mr. Chairman.
