|
Saving Capitalism From The Capitalists
''Saving Capitalism from the Capitalists: Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity'' is a non-fiction book by Raghuram Rajan and Luigi Zingales of the University of Chicago Booth School of Business. It was published in hardcover in 2003 by Crown Business () and released in softcover by Princeton University Press in 2004 (). The book is neither a defense of pure ''laissez-faire'' capitalism, nor is it an anti-capitalist polemic. Instead, the authors develop the following arguments in the book: *The free market is the form of economic organization most beneficial to human society and for improving the human condition. *Free markets can flourish over the long run only when government plays a visible role in determining the rules that govern the market and supporting it with the proper infrastructure. *Government, however, is subject to influence by organized private interests *Incumbent private interests, therefore, may be able to leverage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Incentive
In general, incentives are anything that persuade a person to alter their behaviour. It is emphasised that incentives matter by the basic law of economists and the laws of behaviour, which state that higher incentives amount to greater levels of effort and therefore, higher levels of performance. Divisions Incentives can be broken down into two categories; intrinsic incentives and extrinsic incentives. The motivation of people's behaviour comes from within. In activities, they are often motivated by the task itself or the internal reward rather than the external reward. There are many internal rewards, for example, participating in activities can satisfy people's sense of achievement and bring them positive emotions. An intrinsic incentive is when a person is motivated to act in a certain way for their own personal satisfaction. This means that when a person is intrinsically incentivised, they perform a certain task to please themselves and are not seeking any external reward, nor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003 Non-fiction Books
3 (three) is a number, numeral and digit. It is the natural number following 2 and preceding 4, and is the smallest odd prime number and the only prime preceding a square number. It has religious or cultural significance in many societies. Evolution of the Arabic digit The use of three lines to denote the number 3 occurred in many writing systems, including some (like Roman and Chinese numerals) that are still in use. That was also the original representation of 3 in the Brahmic (Indian) numerical notation, its earliest forms aligned vertically. However, during the Gupta Empire the sign was modified by the addition of a curve on each line. The Nāgarī script rotated the lines clockwise, so they appeared horizontally, and ended each line with a short downward stroke on the right. In cursive script, the three strokes were eventually connected to form a glyph resembling a with an additional stroke at the bottom: ३. The Indian digits spread to the Caliphate in the 9th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crony Capitalism
Crony capitalism, sometimes called cronyism, is an economic system in which businesses thrive not as a result of free enterprise, but rather as a return on money amassed through collusion between a business class and the political class. This is often achieved by the manipulation of relationships with state power by business interests rather than unfettered competition in obtaining permits, government grants, tax breaks, or other forms of state intervention over resources where business interests exercise undue influence over the state's deployment of public goods, for example, mining concessions for primary commodities or contracts for public works. Money is then made not merely by making a profit in the market, but through profiteering by rent seeking using this monopoly or oligopoly. Entrepreneurship and innovative practices which seek to reward risk are stifled since the value-added is little by crony businesses, as hardly anything of significant value is created by them, wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Welfare
Corporate welfare is a phrase used to describe a government's bestowal of money grants, tax breaks, or other special favorable treatment for corporations. The definition of corporate welfare is sometimes restricted to direct government subsidies of major corporations, excluding tax loopholes and all manner of regulatory and trade decisions. Origin of term The term "corporate welfare" was reportedly coined in 1956 by Ralph Nader. Alternative adages "Socialism for the rich, capitalism for the poor" Believed to have been first popularised by Michael Harrington's 1962 book ''The Other America'' in which Harrington cited Charles Abrams, a noted authority on housing. Variations on this adage have been used in criticisms of the United States' economic policy by Joe Biden, Martin Luther King Jr., Gore Vidal, Joseph P. Kennedy II, Robert F. Kennedy, Jr., Dean Baker, Noam Chomsky, Robert Reich, John Pilger, Bernie Sanders, and Yanis Varoufakis. "Privatizing profits and social ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
A Capitalism For The People
'' A Capitalism for the People: Recapturing the Lost Genius of American Prosperity '' is a non-fiction book by the Italian writer and economist Luigi Zingales, who is known for serving as a Professor of Entrepreneurship and Finance at the University of Chicago's Booth School of Business. Zingales also authored the book '' Saving Capitalism from the Capitalists'', released in 2003. In ''A Capitalism for the People'', Zingales writes that he wants to rescue markets and competition from the twin forces that threaten them: over-regulation on the political left and, on the right, a pro-business (as opposed to pro-market) ideology. He sees the great threat to the U.S. economy as being crony capitalism, laying out what he sees as persuasive evidence, and makes suggestions on how to channel populist anger, reverse the movement toward a crony system, reduce the opportunities for rent seeking, and increase the opportunities for competition. He advocates reforms such as greater transparency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003 In Literature
This article contains information about the literary events and publications of 2003. Events *February 12 – An invitation from the First Lady of the United States, Laura Bush, for some poets to attend a conference at the White House is postponed when one of them, Sam Hamill, organizes a "Poets Against the War" group for poetry readings across the United States on the same date. *February 15 – Anti-war protests occur in London. They are later used as the setting for Ian McEwan's 2005 novel ''Saturday''. *March – The University of Mosul library is damaged and looted during the Iraq War, but many volumes are removed for protection by staff. *April 14 – The Iraq National Library and Archive is burned down during the Battle of Baghdad. *April – Nicholas Hytner succeeds Sir Trevor Nunn as artistic director of London's Royal National Theatre. * November 7 – UNESCO places among the Masterpieces of the Oral and Intangible Heritage of Humanity ''wayang kulit'', a shadow pupp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Language
Russian (russian: русский язык, russkij jazyk, link=no, ) is an East Slavic languages, East Slavic language mainly spoken in Russia. It is the First language, native language of the Russians, and belongs to the Indo-European languages, Indo-European language family. It is one of four living East Slavic languages, and is also a part of the larger Balto-Slavic languages. Besides Russia itself, Russian is an official language in Belarus, Kazakhstan, and Kyrgyzstan, and is used widely as a lingua franca throughout Ukraine, the Caucasus, Central Asia, and to some extent in the Baltic states. It was the De facto#National languages, ''de facto'' language of the former Soviet Union,1977 Soviet Constitution, Constitution and Fundamental Law of the Union of Soviet Socialist Republics, 1977: Section II, Chapter 6, Article 36 and continues to be used in public life with varying proficiency in all of the post-Soviet states. Russian has over 258 million total speakers worldwide. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portuguese Language
Portuguese ( or, in full, ) is a western Romance language of the Indo-European language family, originating in the Iberian Peninsula of Europe. It is an official language of Portugal, Brazil, Cape Verde, Angola, Mozambique, Guinea-Bissau and São Tomé and Príncipe, while having co-official language status in East Timor, Equatorial Guinea, and Macau. A Portuguese-speaking person or nation is referred to as " Lusophone" (). As the result of expansion during colonial times, a cultural presence of Portuguese speakers is also found around the world. Portuguese is part of the Ibero-Romance group that evolved from several dialects of Vulgar Latin in the medieval Kingdom of Galicia and the County of Portugal, and has kept some Celtic phonology in its lexicon. With approximately 250 million native speakers and 24 million L2 (second language) speakers, Portuguese has approximately 274 million total speakers. It is usually listed as the sixth-most spoken language, the third-most sp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Mandarin
Standard Chinese ()—in linguistics Standard Northern Mandarin or Standard Beijing Mandarin, in common speech simply Mandarin, better qualified as Standard Mandarin, Modern Standard Mandarin or Standard Mandarin Chinese—is a modern standardized form of Mandarin Chinese that was first developed during the Republican Era (1912‒1949). It is designated as the official language of mainland China and a major language in the United Nations, Singapore, and Taiwan. It is largely based on the Beijing dialect. Standard Chinese is a pluricentric language with local standards in mainland China, Taiwan and Singapore that mainly differ in their lexicon. Hong Kong written Chinese, used for formal written communication in Hong Kong and Macau, is a form of Standard Chinese that is read aloud with the Cantonese reading of characters. Like other Sinitic languages, Standard Chinese is a tonal language with topic-prominent organization and subject–verb–object (SVO) word order. Compar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japanese Language
is spoken natively by about 128 million people, primarily by Japanese people and primarily in Japan, the only country where it is the national language. Japanese belongs to the Japonic or Japanese- Ryukyuan language family. There have been many attempts to group the Japonic languages with other families such as the Ainu, Austroasiatic, Koreanic, and the now-discredited Altaic, but none of these proposals has gained widespread acceptance. Little is known of the language's prehistory, or when it first appeared in Japan. Chinese documents from the 3rd century AD recorded a few Japanese words, but substantial Old Japanese texts did not appear until the 8th century. From the Heian period (794–1185), there was a massive influx of Sino-Japanese vocabulary into the language, affecting the phonology of Early Middle Japanese. Late Middle Japanese (1185–1600) saw extensive grammatical changes and the first appearance of European loanwords. The basis of the standard dialect moved f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Italian Language
Italian (''italiano'' or ) is a Romance language of the Indo-European language family that evolved from the Vulgar Latin of the Roman Empire. Together with Sardinian, Italian is the least divergent language from Latin. Spoken by about 85 million people (2022), Italian is an official language in Italy, Switzerland (Ticino and the Grisons), San Marino, and Vatican City. It has an official minority status in western Istria (Croatia and Slovenia). Italian is also spoken by large immigrant and expatriate communities in the Americas and Australia.Ethnologue report for language code:ita (Italy) – Gordon, Raymond G., Jr. (ed.), 2005. Ethnologue: Languages of the World, Fifteenth edition. Dallas, Tex.: SIL International. Online version Itali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
