Offers an insider's perspective on the bureaucratic structure of governmental institutions that shape economic policy, and the incentives and limitations of the individuals who head them.

This economic policy history describes the policy views and counsel provided by Alan Greenspan when he served as the Chairman of the Council of Economic Advisers during the Ford Administration. The author, Dr. Sidney L. Jones, who served as the Assistant Secretary of the Treasury for Economic Policy, eloquently presents his experiences while working with Greenspan. In addition, Dr. Jones performed extensive research through a complete review of the files at the Gerald R. Ford Library at the University of Michigan in Ann Arbor to produce a valuable historical record for scholars, policy makers, and students of contemporary American politics. The study begins with a review of Greenspan's philosophy and methodology. It describes the unexpected formation of the Ford Administration following the resignation of President Nixon. The anti-inflation package of economic policies proposed by the new officials was immediately overwhelmed by a collapse of economic activity caused by cyclical factors and unusual external stress. Greenspan created a unique "weekly GNP" to track the volatile conditions. He recognized that the sharp downturn was caused by the extreme liquidation of inventories rather than a failure of final demand. His policy recommendations focused on stable long-term recovery and reduction of the disruptive double-digit rate of inflation. The study then describes the business cycle recovery marked from March 1975. Greenspan's strong leadership helped to sustain monetary and fiscal policies and the deregulation of economic activities coupled with the avoidance of an increase in government planning and control of the domestic and global economic system. The last chapter summarizes the policy lessons that now support stable monetary and fiscal policies. Book jacket.

Supply-Side Follies methodically debunks the common assumptions of conservative economics and demonstrates why it is a 'flawed doctrine' that is setting up the U.S. for a major economic downturn in the near future.

Praise for previous editions: "...accessible...this book is an excellent addition to collections serving general readers, high schools, and undergraduates."-American Reference Books Annual "This readable volume is recommended for high-school, public, and undergraduate libraries..."-Booklist "...[an] outstanding reference tool...Biographical dictionaries abound, in political science as in other fields...[but] Wilson's work is more accessible, benefitting from his straightforward approach and simpler organization...Highly recommended."-Choice "Recommended."-Library Media Connection "...an authoritative and readable guide...serves as a helpful resource for high school, college, and public libraries..."-Christian Library Journal American Political Leaders, Third Edition contains 286 biographical profiles of men and women in the United States who have demonstrated their political leadership primarily by being elected, nominated, or appointed to significant political offices in the United States or by having attained some special prominence associated with political leadership. This reference work provides students and general readers with a concise, readable guide to present and past leaders in U.S. politics. Included in this book are presidents, vice presidents, major party candidates for president, significant third-party candidates, important Supreme Court justices, Speakers of the U.S. House of Representatives, senators, representatives, cabinet officers, significant agency heads, and diplomats. Since much of U.S. political leadership involves the representation of successive waves of new groups within the U.S. political system, special care has been taken to include the contributions of women, Native Americans, African Americans, Hispanic Americans, Asian Americans, and Americans who represented earlier waves of immigrants to the United States. Profiles include: John Adams: president, vice president, diplomat, Revolutionary leader, author Amy Coney Barrett: justice of the Supreme Court Pete Buttigieg: secretary of transportation; candidate for president Andrew Cuomo: governor of New York Jefferson Davis: secretary of war, senator, representative, president of the Confederate States of America Kamala Harris: senator; vice president John Lewis: civil rights activist; representative Gavin Newsom: governor of California Barack Obama: senator, president Sonia Sotomayor: associate justice of the Supreme Court Elizabeth Warren: senator; candidate for president

The basic question of this book is what we can learn from empirical as well as theoretical analysis of financial systems, differing cross-sectional and changing structually over time, with respect to the issue of stability of financial systems. Part I of the book deals with stability issues in a globalizing financial world and addresses topics of convergence, domestic policy, financial bubbles, crises and international coordination. Part II is on banking systems. Country specific adoption and restructuring of (universal but also separation) banking systems are key problems for the industrialized economies, while catching-up is of major concern for the economies in transition. Feeble regional economies and subsidized banking is at the heart of the vivid dispute on public sector banking being taken up in Part III. The last Part is devoted to resource-oriented approaches in quantifiying financial development and risk of sovereign default.

Theoretical and empirical analysis of de jure dollarization. With the persistent instability of international financial markets, emerging economies are exploring new ways to reduce exposure to capital flow volatility. Some analysts argue that financially open economies are best served by more flexible regimes, while others argue in favor of extreme exchange rate regimes that have a strong commitment to a fixed parity or dispense with an independent currency. The successful launch of the euro has made more realistic the prospect of replacing a national currency with a strong foreign one. Recent examples include the adoption of the US dollar by Ecuador and El Salvador. The introduction of a foreign currency as sole legal tender, termed full (de jure) dollarization, has been the center of much political and academic debate. This book provides a comprehensive analysis of the issues from both theoretical and empirical perspectives. The topics discussed include the role of balance sheet effects, the linkage between currency risk and country risk, the impact of dollarization on trade, financial integration and credibility, the implications of dollarization for the lender of last resort, and the institutional and political economy aspects of dollarization.