Mindful Economics: How the US Economy Works, Why it Matters, and How it Could be Different / Edition 1

Mindful Economics: How the US Economy Works, Why it Matters, and How it Could be Different / Edition 1

by Joel Magnuson
     
 

ISBN-10: 1583228470

ISBN-13: 9781583228470

Pub. Date: 09/01/2008

Publisher: Seven Stories Press

Are the huge profits garnered by corporations each year a case of a few bad apples in the business world taking advantage of unmonitored dealings? Is this consolidation of wealth made at the expense of the overall economy and the wellbeing of the average citizen? Will the planet be saved by developing more "green businesses" and "green collar" jobs? Joel Magnuson

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Overview

Are the huge profits garnered by corporations each year a case of a few bad apples in the business world taking advantage of unmonitored dealings? Is this consolidation of wealth made at the expense of the overall economy and the wellbeing of the average citizen? Will the planet be saved by developing more "green businesses" and "green collar" jobs? Joel Magnuson delivers a powerful response to the current misconceptions about the US economy in his brilliantly accessible Mindful Economics. The troubles we face are not the result of a good system gone awry, but rather a system that is built to do exactly what it is doing: corporations are designed to reap profits for its shareholders, at any cost. The greater welfare of society, or of the environment, will never be as important as financial gain. Magnuson shows us the relationship between the current wars abroad; rising oil prices; the recession; ballooning incomes of top CEOs; the mortgage crisis; and the health care, insurance, and auto industries, and he teaches us that the best way to understand the US economy is to think like an economist. With stunning clarity, Magnuson shows the interconnectedness of the local with the global, and offers real alternatives to this capitalist model.

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Product Details

ISBN-13:
9781583228470
Publisher:
Seven Stories Press
Publication date:
09/01/2008
Edition description:
New Edition
Pages:
512
Sales rank:
1,250,725
Product dimensions:
5.90(w) x 8.90(h) x 1.00(d)

Table of Contents

Preface: A Time of Danger and Opportunity 11

Introduction 18

Ch. 1 Economic Systems 27

Ch. 2 The Cash Nexus: Households, Corporations and the Market System 51

Ch. 3 Conflict in the Cash Nexus: Labor Unions and Business Associations 77

Ch. 4 Government and the Ascent of Capitalism 111

Ch. 5 The U.S. Financial System Part I: Money and. Banks 133

Ch. 6 The U.S. Financial System Part II: Wall Street, Stocks, and Bonds 169

Ch. 7 America's Umbilical Cord: The International Economy 198

Ch. 8 The U.S. Capitalist Machine 213

Ch. 9 The Growth Imperative: Prosperity or Poverty 234

Ch. 10 Sweet Delight and Endless Night: Polarization in America 268

Ch. 11 Financial Market Instability 298

Ch. 12 The Mindful Economy Part I: Redrawing the Institutional Map 337

Ch. 13 The Mindful Economy Part II: Mindful Ownershipand Mindful Finance 352

Ch. 14 The Mindful Economy Part III: Mindful Economics and Sustainable Practices 379

Conclusion: Toward a Mindful Economy 405

Notes 411

Index 418

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