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The Federal Reserve System
The Federal Reserve System, founded in 1913, is recognized as one of the most influential policy-making bodies in the United States. Its duties including managing the country's monetary policy, regulating and supervising banks, and monitoring the financial system, set it apart from other government agencies. Hafer provides a comprehensive explanation of the Federal Reserve System, describing its structure and process, policies, people, and key events. Arranged alphabetically, over 250 entries define and describe topics related to the Fed and United States monetary policy, including Alan Greenspan, Black Monday of 1929, Euro, Federal Reserve Act of 1913, Prime rate, and Treasury financing. Numerous appendices supplement the A-to- Z entries, providing insight into the secretive and powerful Federal Reserve Bank, the keepers of America's monetary system.
Immigration
Immigration is a comprehensive and practical guide to the history, economics, and contributions of immigrants, written by a former key policymaker who is now a leading researcher in the field. Immigration is a comprehensive examination of U.S. immigration policies and their impact on the nation, combining a historical overview and a guide to how immigration works in practice. In this one-volume compendium on the history, politics, culture, and contributions of immigrants to the United States, the author uses his experience in key immigration policy posts to provide an insider's perspective on a broad array of immigration-related issues. Offering a detached, unbiased analysis of the economic, fiscal, and other impacts of current immigration policies, he recommends reforms and policy solutions for the thorniest immigration issues, such as illegal immigration. But the book does not ignore the fact that immigration has always enriched and strengthened our nation. Along with policy considerations, it also encompasses enlightening profiles detailing the many contributions of individual immigrants in such diverse areas as science, sports, the military, and business.
Exchange Rate Economics
This book describes and evaluates the literature on exchange rate economics. It provides a wide-ranging survey, with background on the history of international monetary regimes and the institutional characteristics of foreign exchange markets, an overview of the development of conceptual and empirical models of exchange rate behavior, and perspectives on the key issues that policymakers confront in deciding whether, and how, to try to stabilize exchange rates. The treatment of most topics is reasonably compact, with extensive references to the literature for those desiring to pursue individual topics further. The level of exposition is relatively easy to comprehend; the historical and institutional material (part I) and the discussion of policy issues (part III) contain no equations or technical notation, while the chapters on models of exchange rate behavior (part II) are written at a level intelligible to first-year graduate students or advanced undergraduates. The book will enlighten both students and policymakers, and should also serve as a valuable reference for many research economists.
Demography, Education, and the Workforce
Leading experts demystify demographics and show how population changes affect everything from government policy to business opportunities to educational standards. Demographics, as Peter Drucker famously pointed out, is one of the seven sources of entrepreneurial opportunity. Why are demographics so important? Consider the quality and quantity of the U.S. labor force. Birth rates largely determine the size of the future workforce, and the numbers of younger and older people affect public spending on education. What's more, patterns in marriage and child-bearing affect the labor force, and migration and immigration alter the mix of job skills, languages, and cultures in the U.S. workforce. Wh...
The American Business Cycle
In recent decades the American economy has experienced the worst peace-time inflation in its history and the highest unemployment rate since the Great Depression. These circumstances have prompted renewed interest in the concept of business cycles, which Joseph Schumpeter suggested are "like the beat of the heart, of the essence of the organism that displays them." In The American Business Cycle, some of the most prominent macroeconomics in the United States focuses on the questions, To what extent are business cycles propelled by external shocks? How have post-1946 cycles differed from earlier cycles? And, what are the major factors that contribute to business cycles? They extend their inve...
The Wiley Handbook of Entrepreneurship
Written by leading scholars, The Wiley Handbook of Entrepreneurship provides a distinctive overview of methodological, theoretical and paradigm changes in the area of entrepreneurship research. It is divided into four parts covering history and theory, individual differences and creativity, organizational aspects of innovation including intrapreneurship, and macroeconomic aspects such as social entrepreneurship and entrepreneurship in developing countries. The result is a must-have resource for seasoned researchers and newcomers alike, as well as practitioners and advanced students of business, entrepreneurship, and social and organizational psychology.
Encyclopedia of Contemporary American Social Issues [4 volumes]
This single-source reference will help students and general readers alike understand the most critical issues facing American society today. Featuring the work of almost 200 expert contributors, the Encyclopedia of Contemporary American Social Issues comprises four volumes, each devoted to a particular subject area. Volume one covers business and the economy; volume two, criminal justice; volume three, family and society; and volume four, the environment, science, and technology. Coverage within these volumes ranges from biotechnology to identity theft, from racial profiling to corporate governance, from school choice to food safety. The work brings into focus a broad array of key issues con...
Money
Money makes the world go around. From the earliest bartering systems to today's sophisticated electronic transfers of billions of dollars in a split second, systems of exchange have conferred value upon goods and services and created the economic glue that binds individuals, businesses, communities, and nations together. In this volume, the authors present a colorful history of money in its economic, political, socio-cultural, and even pscyhological context. The first section focuses on banks and financial institutions. The second part covers the role of currency in national sovereignty; the impact of technology; debt, credit, and equity; and money markets. The final chapters explore emerging issues, such as risk management, and emerging forms of money and investment in the electronic age. Featuring a glossary and timeline, charts and graphs, index and references, Money is an engaging introduction to this vital component of the economy.
Energy
Energy: We want it affordable, we want it available in ample quantities and from reliable sources, and we want it to be produced and used in ways that are safe and environmentally benign. In other words, we want plenty of energy too cheap to meter and with no impact on the environment. Ha! With a refreshing lack of bias, this book dissects all major sources of energy, from oil and coal to renewables like solar and wind power. In an easy, understandable style, energy expert Joseph Dukert explains how each fits into the overall global energy mix that powers everything from automobiles and appliances to assembly lines and space stations. As Dukert details, all energy sources have pluses and min...
Income and Wealth
Why some people are rich and others poor can be explained in a number of ways. Income and Wealth focuses on who gets what and why. It explains the dynamics of income generation, how it is measured, and how such dramatic disparities in distribution come about. The book first defines various characteristics of income, with an emphasis on the gap between the rich and the poor, and reviews several theories to explain the disparities. Subsequent chapters discuss such timely topics as the vanishing middle class and the sky-high salaries of CEOs, Hollywood stars, and athletes. The final chapters consider the implications of policies, such as the minimum wage, taxes, immigration, and trade quotas, a...
