{"product_id":"brave-new-world-economy-isbn-9781118004418","title":"Brave New World Economy","description":"\u003cb\u003eAn engaging look at the road to a sustained economic recovery\u003c\/b\u003e  \u003cp\u003eThe global finance system can be regulated to prevent massive credit fraud, tame capitalism, confront the sovereign debt crisis, and move towards investing in the real economy and full employment. \"Obamanomics\", and American reinvention can lead to a sustained economic recovery but only together with major domestic, European, and global monetary reforms in cooperation with emerging nations.\u003c\/p\u003e \u003cp\u003eFor decades, the U.S. dollar has served as the world's reserve currency. But after the global market meltdown and the resulting massive stimulus spending meant to keep the Great Recession from becoming an even Greater Depression, confidence in America's ability to make good on its growing debt is at all-time lows. \u003ci\u003eIn Brave New World Economy: Global Finance Threatens Our Future\u003c\/i\u003e, Wilhelm Hankel and Robert Isaak—two extremely controversial, yet highly respected experts on international economics and management—describe how \"Obamanomics,\" the Euro crisis, and shift of economic growth from the West to emerging economies, if handled properly, can lead to true economic stability and job creation.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eHighlights America's 'Great Bluff' bail-out strategy to cope with the crisis and the reforms Obamanomics must make to bring about sustainable job recovery\u003c\/li\u003e \u003cli\u003eDescribes the risks and rewards of borrowing from future generations—in the United States, Europe, and the developing world—to save the current generation\u003c\/li\u003e \u003cli\u003eDetails how money became separated from government control and why the interbanking credit system threatens western nations with bankruptcy, undermining pensions, and the human right to work\u003c\/li\u003e \u003cli\u003ePoints out why nation-states need to go back to helping themselves and not rely on the false promises of regional integration and globalization\u003c\/li\u003e \u003cli\u003eShows how legalizing underground labor will create more jobs\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eHow we arrived at this economic crossroads isn't as important as the decision as to which path to take. \u003ci\u003eThe Brave New World Economy\u003c\/i\u003e points us in the right direction.\u003c\/p\u003e  \u003cb\u003ePreface.\u003c\/b\u003e  \u003cp\u003e\u003cb\u003eManifesto Democratization of Capitalism.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRescue the Right to Work in Aging Societies.\u003c\/p\u003e \u003cp\u003eLegalize Black Market Labor.\u003c\/p\u003e \u003cp\u003eDefuse the Ticking Time Bombs of the Welfare State.\u003c\/p\u003e \u003cp\u003eEnroll 100 Percent of the Population in Pensions.\u003c\/p\u003e \u003cp\u003eReduce State Indebtedness.\u003c\/p\u003e \u003cp\u003eLook for New Answers to Old Problems.\u003c\/p\u003e \u003cp\u003eSubsidize Start-Ups in Disadvantaged Regions.\u003c\/p\u003e \u003cp\u003eThe Mandate of the Democratic, Constitutional Welfare State: Stability, Reliability, Prosperity.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Midas Reveals How to Create Money through Credit Fraud.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDoes Progress in Developing Money Equal Progress in the World Economy?\u003c\/p\u003e \u003cp\u003eThe State as Accomplice or Controller of the Money Economy, or Both?\u003c\/p\u003e \u003cp\u003eThe Illusory World of Finance and the Fictional Capital of Banks.\u003c\/p\u003e \u003cp\u003eWill Yesterday’s Recipes Help Us Today?\u003c\/p\u003e \u003cp\u003eThe Finance Sector Always Underestimates the Risks of Its Innovations.\u003c\/p\u003e \u003cp\u003eFour Fatal Innovations of Global Banking.\u003c\/p\u003e \u003cp\u003eEssential Reforms.\u003c\/p\u003e \u003cp\u003eFour Conclusions from the Financial Crisis.\u003c\/p\u003e \u003cp\u003eKeynes, Properly Understood\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Great Bluff: The American Way out of the Crisis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Brief Tour of How We Got Here.\u003c\/p\u003e \u003cp\u003eHow American Globalization Revolutionized Finance.\u003c\/p\u003e \u003cp\u003eWanted: An Emperor with Clothes.\u003c\/p\u003e \u003cp\u003eHow Goldman Sachs Milked Bubble Trouble.\u003c\/p\u003e \u003cp\u003eOrigins of the Financial Crisis.\u003c\/p\u003e \u003cp\u003eThe Lost Lessons of Long-Term Capital Management.\u003c\/p\u003e \u003cp\u003eThe Government Intervenes; Investors Panic.\u003c\/p\u003e \u003cp\u003eObamanomics: Exploiting Crisis, Postponing Costs.\u003c\/p\u003e \u003cp\u003eThe Debt Culture versus Hoarding and Investing.\u003c\/p\u003e \u003cp\u003eAusterity versus Stimulus: The Trillion-Dollar Gap.\u003c\/p\u003e \u003cp\u003eRecasting the United States: Domestic Dynamism with Responsibility.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Giant with Feet of Clay: The European Union.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Services Has the EU Rendered?\u003c\/p\u003e \u003cp\u003eThe Euro: Not Dynamic but Dynamite.\u003c\/p\u003e \u003cp\u003eIs the European Union on Its Way to Becoming a Nation-State?\u003c\/p\u003e \u003cp\u003eDo EU Institutions Induce Constitutional Infidelity?\u003c\/p\u003e \u003cp\u003eCan the Euro Survive?\u003c\/p\u003e \u003cp\u003eThe Three Unknowns of the Current Bailout of the Euro.\u003c\/p\u003e \u003cp\u003eThe Next Financial Adventure: A European State Bankruptcy Law.\u003c\/p\u003e \u003cp\u003eWhat Comes after the Euro?\u003c\/p\u003e \u003cp\u003eThe Future of the EU: The Swiss Model.\u003c\/p\u003e \u003cp\u003eCurrency \"Concubinage\": The Currency Has to Serve the Citizen, Not the Citizen the Currency.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The New New World: Can BRICs Save the Rich?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMimicking Past Economic Miracles.\u003c\/p\u003e \u003cp\u003eThe Rise of the BRICs.\u003c\/p\u003e \u003cp\u003eCharacteristics of the New New World.\u003c\/p\u003e \u003cp\u003eLegitimacy Lost.\u003c\/p\u003e \u003cp\u003eDecoupling and Demographics.\u003c\/p\u003e \u003cp\u003eOne BRIC at a Time.\u003c\/p\u003e \u003cp\u003eDebt versus Investment and Savings in BRICs.\u003c\/p\u003e \u003cp\u003eThe Group of 20 and Global Imbalances.\u003c\/p\u003e \u003cp\u003eThe Roadmap to the New World Economy Has Changed.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Time for a New Bretton Woods: Crisis Prevention through Monetary Law.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Caused Bretton Woods to Fail?\u003c\/p\u003e \u003cp\u003e\"Floating\"Exchange Rates: A Compelling End?\u003c\/p\u003e \u003cp\u003eLiving in the \"Nonsystem\"of Post–Bretton Woods.\u003c\/p\u003e \u003cp\u003eKeynes with a New Feature: Real (Not Nominal) Fixed Exchange Rates.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Toward a Brave New World Economy: Reducing Debt and Unemployment.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe World Economy and Nation: States Are a System of Communicating Pipes.\u003c\/p\u003e \u003cp\u003eDemocracy Begins and Works at Home.\u003c\/p\u003e \u003cp\u003ePillars of Stability and Self-Healing Therapies of Modern Society.\u003c\/p\u003e \u003cp\u003eFrom \"Underground\"Work to Lifelong \"Retooling\".\u003c\/p\u003e \u003cp\u003eThe Old-Age Pension Dilemma.\u003c\/p\u003e \u003cp\u003eThe Dilemma of the Overindebted State.\u003c\/p\u003e \u003cp\u003eWhat Can Be Done?\u003c\/p\u003e \u003cp\u003eThe Three Megatrends of the Global Economy of Tomorrow.\u003c\/p\u003e \u003cp\u003eEpilogue Faust and Mephisto on the World-Money Stage.\u003c\/p\u003e \u003cp\u003eFrom Paper Gold to Paper Paper.\u003c\/p\u003e \u003cp\u003eThe Narrow Middle Lane of Successful Capitalism.\u003c\/p\u003e \u003cp\u003eFrom Gold to the G-20.\u003c\/p\u003e \u003cp\u003eInvitation.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eBibliography.\u003c\/p\u003e \u003cp\u003eAbout the Authors.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e  \u003cp\u003e\"... provides an original and thoughtful angel of analysis... a must-read!\" (UK-Analyst.com, July 2011) \u003c\/p\u003e\u003cp\u003e\"... this abrasive book points out why nation-states need to go back to looking after No1... a surprisingly upbeat read.\" (\u003cem\u003eEthical Corporation Magazine,\u003c\/em\u003e April 2011)   \u003cb\u003eWilhelm Hankel\u003c\/b\u003e is former Director of the German Economic Finance Ministry, Department of Money and Credit. An internationaleconomist and consultant to centralbanks, his creative theories of money and the global economy, as well as his proven fixesfor stalemated political economies, are illustrated throughout fourteen books.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eRobert Isaak\u003c\/b\u003e is a political economist and the Henry George Professor of International Management at Pace University, in New York. A consultant to businesses such as Siemens and Prudential Intercultural, he has taught at Johns Hopkins SAIS, and New York University, and has been a guest professor of international management at the University of Mannheim, Heidelberg University, the University of Grenoble, and SKEMA Business School, in France. He has authored eleven books on political economy.\u003c\/p\u003e  Democratic capitalism, one of the greatest civilizing forces known to man, has been pushed to the edge of a precipice. A brave new world economy, one not in thrall to a runaway interbank credit system, is struggling to be born, and only the actions of world policymakers, working in concert to make the hard choices, can bring it into being.  \u003cp\u003eWritten by an international monetary expert and a global political economist, \u003ci\u003eBrave New World Economy\u003c\/i\u003e offers an unvarnished look at the serious problemsfacing us. The authors persuasively argue that theWest's long experiment in global laissez-faire capitalism has hit a dead end. Rather than serving its original function as an engine of real economic growth and innovation, digital age global finance has become a 24\/7 wealth extraction machine siphoning off the capital and productive capacity of Main Street. If left to its own devices, it will self-destruct, taking the global economy down with it.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eBrave New World Economy\u003c\/i\u003e goes beyond the usual post mortems. Nor do the authors indulge in moral finger pointing. Rather, they offer a clear set of practical steps and guiding principles for taming global finance and restoring it to its vital role as driver of economic growth and entrepreneurialinnovation. These include:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cdiv\u003eEstablishing national development banks to foster entrepreneurial innovation and smallbusiness growth\u003c\/div\u003e \u003c\/li\u003e \u003cli\u003e \u003cdiv\u003eFreeing the U.S. dollar from its role as global reserve currency\u003c\/div\u003e \u003c\/li\u003e \u003cli\u003e \u003cdiv\u003eA new Bretton Woods agreement with the BRICs playing a central role\u003c\/div\u003e \u003c\/li\u003e \u003cli\u003e \u003cdiv\u003eCreating a nation-neutral \"inside-money,\"along the lines of Keynes's \"bancor,\" for regulating central bank transfers\u003c\/div\u003e \u003c\/li\u003e \u003cli\u003e \u003cdiv\u003eEliminating the euro and restoring national currencies\u003c\/div\u003e \u003c\/li\u003e \u003cli\u003e \u003cdiv\u003eLegalizing the \"black market\" economy\u003c\/div\u003e \u003c\/li\u003e \u003cli\u003e \u003cdiv\u003eRequiring the wealthy to pay into Social Security on a proportional basis\u003c\/div\u003e \u003c\/li\u003e \u003cli\u003e \u003cdiv\u003eRaising the age of retirement and promoting the human right to work for adults of every age\u003c\/div\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eDoes the future hold a brave new world of economic growth and prosperity for all, or an ever-downward spiral of economic crisis? \u003ci\u003eBrave New World Economy\u003c\/i\u003e points the way; the rest is up to us.\u003c\/p\u003e  \u003cb\u003ePraise for \u003ci\u003eBrave New World Economy\u003c\/i\u003e\u003c\/b\u003e  \u003cp\u003e\"This book will become a must-read for students, scholars,as well as all practitioners who want to understand the root causes ofmarket economy crises and the scope of a more stable and fair world order.This book provides an original and thoughtful angle of analysis and vividly explains why and how each of us will soon be ruined without a new governance system emerging that enables globalization to become a genuinepositive sum game in terms of both time and social horizon.\"\u003cbr\u003e —\u003cb\u003eDr. Michel Henry Bouchet\u003c\/b\u003e, Head, Global Finance Center, SKEMA Business School, former senior economist,The World Bank, former CEO, Owen Stanley Financial SA\u003c\/p\u003e \u003cp\u003e\"Presents compelling arguments for radical change in theworld monetary system to save our future. Includes bold and practicalrecommendations to meet current challenges of the global economyincluding the need for balance between the regulatory role of thestate for public good and the confidence of investors andentrepreneurs. Jargon free and easy to read.\"\u003cbr\u003e —\u003cb\u003eShabbir Cheema\u003c\/b\u003e, Director, Asia-Pacific Governance and Democracy Initiative, East-West Center\u003c\/p\u003e \u003cp\u003eUnrestrained global finance and the massive credit crisis it has engendered threaten to end civilization as we know it. Clearly, a thorough restructuring of the monetary system and more stringent banking rules, both domestically and internationally, can salvage centuries of progress from the scrap heap of history. What steps must policymakers take to achieve a sustainable, new world economy before it's too late? \u003ci\u003eFind out in Brave New World Economy\u003c\/i\u003e.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988855013605,"sku":"NP9781118004418","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118004418.jpg?v=1761781789","url":"https:\/\/k12savings.com\/products\/brave-new-world-economy-isbn-9781118004418","provider":"K12savings","version":"1.0","type":"link"}