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It was Adam Smith (1723–1790) who first established economics as a separate branch of knowledge, and many would say his work has never been surpassed. The Wealth of Nations, which appeared in 1776, is the definitive text for all who believe that economic decisions are best left to markets, not governments. At the heart of Smith’s doctrine is an optimistic view of the effects of self-interest. Though each individual seeks only personal gain, the collective result is increased prosperity, which benefits society as a whole.
Adam Smith (Author), Peter Wickham (Narrator)
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Stock Market Crash, 1929 happened at a time when the countries were booming and the economy was developing. The position of the USA at the period was flourishing as it emerged as a super power just after the World War I. The blooming period was known as roaring twenties when all sectors of the economy was booming and the crash came as a shock to the entire country and other countries since most of the countries were interconnected with each other on the basis of trade and commerce. This led to a global depression and almost all the countries were affected, causing widespread downfall. The crash was first identified on 24th October 1929 which is popularly known as ‘Black Thursday’ and the crash continued to a week. However, the effects of the same were felt for many years and it took almost two decades to come out of the situation and countries had to adopt different measures for the same.
Introbooks Team (Author), Tracy Tupman (Narrator)
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The Citizen's Guide to Climate Success: Overcoming Myths That Hinder Progress
Sometimes solving climate change seems impossibly complex, and it is hard to know what changes we all can and should make to help. This audio book offers hope. Drawing on the latest research, Mark Jaccard shows us how to recognize the absolutely essential actions (decarbonizing electricity and transport) and policies (regulations that phase out coal plants and gasoline vehicles, carbon tariffs). Rather than feeling paralyzed and pursuing ineffective efforts, we can all make a few key changes in our lifestyles to reduce emissions, to contribute to the urgently needed affordable energy transition in developed and developing countries. More importantly, Jaccard shows how to distinguish climate-sincere from insincere politicians and increase the chance of electing and sustaining these leaders in power. In combining the personal and the political, The Citizen’s Guide to Climate Success offers a clear and simple strategic path to solving the greatest problem of our times.
Marc Jaccard (Author), Robert G. Slade (Narrator)
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Summary and Critique of the Black Swan
Nassim Nicholas Taleb is a Lebanese born American literateur, scholar, essayist, trade-cum-risk analyst, statistician and so on. His multi-faceted talent and the ability to wander freely amongst diverse faculty of subjects have made him a force to reckon with in the gamut of global intellectual society. Most of Taleb's works are related to the dilemma of volatility, probability and uncertainty. Nicholas Taleb was born in Amioun (Lebanon) in the year 1960. He is an author of international fame and has served as an academician in several universities and is currently positioned as a distinguished professor of Risk Engineering at the New York University (Tandon School of Engineering). He has authored so many books to devour. The Black Swan, Antifragile, Skin in the Game, Fooled by Randomness, The Bed of Procrustes, Dynamic Hedging to name a few (combinedly called Incerto) are termed as Taleb’s most outstanding creations in the contemporary literary world. Nassim Nicholas Taleb has had devoted a good 21 years as a risk-taker (quantitative trader) before becoming a wanderer and researcher in spheres of mathematics, philosophy and largely potential problems with chance and probability. Over and above being impressed as a trader, Taleb has also written over 50 academic articles in multiple subjects as a sequel to Incerto. The topics covered are from physics, philosophy, statistics, economics, ethics, quantitative finance and international affairs. The central idea in all these creations has centered on the notion of risk and probability with an undercurrent of randomness.
Introbooks Team (Author), Tracy Tupman (Narrator)
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Is life barren of risk? A majority of the human population will surely disagree. The entire flora and fauna on earth are susceptible to big risk elements regardless of shapes and sizes. So are human activities in particular. A commuter risks being hit by an onrushing vehicle on a highway; a student is at risk of failing in the examination and also an entrepreneur is surrounded by a barrage of big risk factors that might lead to losing the entire capital invested. The crux of the matter is the degree of risks. The magnitude is relative and varies from individual to individual. The million-dollar question is, can risk be foiled by any chance? It is like ceasing to exist, to say the least. A better option would be to stop thinking too much about it and take things as they come. Several times, failure comes naturally, but even that is beneficial too as an individual is enriched by bitter experiences and can take guard against any future setback by adopting sufficient preventive measures.
Introbooks Team (Author), Tracy Tupman (Narrator)
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A World Without Work: Technology, Automation and How We Should Respond
Brought to you by Penguin 'A path-breaking, thought-provoking and in-depth study of how new technology will transform the world of work' Gordon Brown 'Compelling ... Thought-provoking ... Should be required reading for any presidential candidate thinking about the economy of the future' NEW YORK TIMES New technologies have always provoked panic about workers being replaced by machines. In the past, such fears have been misplaced, and many economists maintain that they remain so today. Yet in A World Without Work, Daniel Susskind shows why this time really is different. Advances in artificial intelligence mean that all kinds of jobs are increasingly at risk. Susskind argues that machines no longer need to reason like us in order to outperform us. Increasingly, tasks that used to be beyond the capability of computers - from diagnosing illnesses to drafting legal contracts - are now within their reach. The threat of technological unemployment is real. So how can we all thrive in a world with less work? Susskind reminds us that technological progress could bring about unprecedented prosperity, solving one of mankind's oldest problems: making sure that everyone has enough to live on. The challenge will be to distribute this prosperity fairly, constrain the burgeoning power of Big Tech, and provide meaning in a world where work is no longer the centre of our lives. In this visionary, pragmatic and ultimately hopeful book, Susskind shows us the way. 'This is the book to read on the future of work in the age of artificial intelligence. It is thoughtful and state-of-the-art on the economics of the issue, but its real strength is the way it goes beyond just the economics. A truly important contribution' Lawrence Summers, former Chief Economist of the World Bank 'A fascinating book about a vitally important topic. Elegant, original and compelling'Tim Harford, author of The Undercover Economist © Daniel Susskind 2020 (P) Penguin Audio 2020
Daniel Susskind (Author), Daniel Susskind (Narrator)
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Fewer, Richer, Greener: Prospects for Humanity in an Age of Abundance
Why do so many people fear the future? Is their concern justified, or can we look forward to greater wealth and continued improvement in the way we live? Our world seems to be experiencing stagnant economic growth, climatic deterioration, dwindling natural resources, and an unsustainable level of population growth. The world is doomed, they argue, and there are just too many problems to overcome. But is this really the case? In Fewer, Richer, Greener, author Laurence B. Siegel reveals that the world has improved-and will continue to improve-in almost every dimension imaginable. This practical yet lighthearted book makes a convincing case for having gratitude for today's world and optimism about the bountiful world of tomorrow. Life has actually improved tremendously. We live in the safest, most prosperous time in all human history. Whatever the metric-food, health, longevity, education, conflict-it is demonstrably true that right now is the best time to be alive. The recent, dramatic slowing in global population growth continues to spread prosperity from the developed to the developing world. Technology is helping billions of people rise above levels of mere subsistence. This technology of prosperity is cumulative and rapidly improving: we use it to solve problems in ways that would have be unimaginable only a few decades ago.
Laurence B. Siegel (Author), Steve Menasche (Narrator)
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The New World Economy: A Beginner's Guide
What is blockchain? What is Bitcoin? How can central banks be instrumental in guiding a nation's economy? What are the underlying causes of trade deficits? Do trade wars actually help the domestic economy? How has the behavior of millennials and Generation Z affected the global economy? Find out all this and more in this definitive guide to the world economy. As the global economic landscape shifts at an increasing rate, it's more important than ever that citizens understand the building blocks of the new world economy. In this lively guide, Randy Charles Epping cuts through the jargon to explain the fundamentals. In thirty-six engaging chapters, Epping lays bare everything from NGOs and nonprofits to AI and data mining. With a comprehensive glossary and absolutely no graphs, The New World Economy: A Beginner's Guide is essential reading for anyone who wants to understand what is going on in the world around them. This timely book is a vital resource for today's chaotic world. Includes a Bonus PDF of Tables and Glossary of Terms
Randy Charles Epping (Author), George Newbern (Narrator)
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The Economists' Hour: How the False Prophets of Free Markets Fractured Our Society
The story of the economists who championed the rise of free markets and fundamentally reshaped the modern world. As the post-World War II economic boom began to falter in the late 1960s, a new breed of economists gained in influence and power. Over time, their ideas curbed governments, unleashed corporations and hastened globalization. Their fundamental belief? That governments should stop trying to manage the economy. Their guiding principle? That markets would deliver steady growth and broad prosperity. But the economists' hour failed to deliver on its premise. The single-minded embrace of markets has come at the expense of economic equality, of the health of liberal democracy, and of future generations. Across the world, from both right and left, the assumptions of the once-dominant school of free-market economic thought are being challenged, as we count the costs as well as the gains of its influence. Both accessible and authoritative, exploring the impact of both ideas and individuals, in The Economists' Hour acclaimed New York Times journalist Binyamin Appelbaum provides both a reckoning with the past and a call fora different future.
Binyamin Appelbaum (Author), Dan Bittner (Narrator)
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In Killing the Planet: How A Financial Cartel Doomed Mankind, best-selling authors Rodney Howard-Browne and Paul L. Williams investigate the true motives and consequences of the Pilgrim Society. Early members of the Society included J. P. Morgan, Andrew Carnegie, Andrew Mellon, Cornelius Vanderbilt, Paul Warburg, Mortimer I. Schiff, Otto Kahn, and John D. Rockefeller. Although the Pilgrim Society and the powerful men involved are often praised for their philanthropic actions, Howard-Browne and Williams show that the Society was self-serving and subjected the American people to a brutal system of economic tyranny, one which is still in place today. As a sequel to The Killing of Uncle Sam, Killing the Planet is a thoroughly documented and impeccably researched book, with over 1,500 footnotes. It shows how mankind has become enslaved within the Luciferian world system that is managed and controlled by the world's wealthiest families. The book is not full of conspiracy theories but instead, unfortunately for all of humanity, full of gut-wrenching facts.
Paul L. Williams, Rodney Howard-Browne (Author), Dan Woren (Narrator)
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Arguing with Zombies: Economics, Politics, and the Fight for a Better Future
An accessible, compelling introduction to today's major policy issues from the New York Times columnist, best-selling author, and Nobel prize-winning economist Paul Krugman. There is no better guide than Paul Krugman to basic economics, the ideas that animate much of our public policy. Likewise, there is no stronger foe of zombie economics, the misunderstandings that just won't die. In Arguing with Zombies, Krugman tackles many of these misunderstandings, taking stock of where the United States has come from and where it's headed in a series of concise, digestible chapters. Drawn mainly from his popular New York Times column, they cover a wide range of issues, organized thematically and framed in the context of a wider debate. Explaining the complexities of health care, housing bubbles, tax reform, Social Security, and so much more with unrivaled clarity and precision, Arguing with Zombies is Krugman at the height of his powers. Arguing with Zombies puts Krugman at the front of the debate in the 2020 election year and is an indispensable guide to two decades' worth of political and economic discourse in the United States and around the globe. With quick, vivid sketches, Krugman turns his readers into intelligent consumers of the daily news and hands them the keys to unlock the concepts behind the greatest economic policy issues of our time. In doing so, he delivers an instant classic that can serve as a reference point for this and future generations. This audiobook includes a bonus PDF of diagrams from the book.
Paul Krugman (Author), Paul Krugman, Rob Shapiro (Narrator)
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Under the Influence: Putting Peer Pressure to Work
From New York Times bestselling author and economics columnist Robert Frank, bold new ideas for creating environments that promise a brighter future Psychologists have long understood that social environments profoundly shape our behavior, sometimes for the better, often for the worse. But social influence is a two-way street—our environments are themselves products of our behavior. Under the Influence explains how to unlock the latent power of social context. It reveals how our environments encourage smoking, bullying, tax cheating, sexual predation, problem drinking, and wasteful energy use. We are building bigger houses, driving heavier cars, and engaging in a host of other activities that threaten the planet—mainly because that's what friends and neighbors do. In the wake of the hottest years on record, only robust measures to curb greenhouse gases promise relief from more frequent and intense storms, droughts, flooding, wildfires, and famines. Robert Frank describes how the strongest predictor of our willingness to support climate-friendly policies, install solar panels, or buy an electric car is the number of people we know who have already done so. In the face of stakes that could not be higher, the book explains how we could redirect trillions of dollars annually in support of carbon-free energy sources, all without requiring painful sacrifices from anyone. Most of us would agree that we need to take responsibility for our own choices, but with more supportive social environments, each of us is more likely to make choices that benefit everyone. Under the Influence shows how.
Robert H. Frank (Author), Trevor White (Narrator)
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