The Calm Before The Storm Why Volatility Signals Stability And Vice Versa
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Red Swan
Author: Sebastian Heilmann
language: en
Publisher: The Chinese University of Hong Kong Press
Release Date: 2018-07-15
The resilience of the Communist party-state, in combination with a rapidly expanding economy, represents a significant deviant case for the debate about models of development. This book focuses on the manner in which China's governmental system can be developed, formulated, implemented, adjusted, and revised. Policy-making is seen as an open ended process with an uncertain outcome, driven by conflicting interests, recurrent interactions, and continuous feedback, rather than determined by history, regime type, or institutions. Key to this are the capacity to deal with both existing and emerging challenges, correction mechanisms when conflicts arise, and adaptive capabilities in a changing economic or international context.
The Complacent Class
A Wall Street Journal and Washington Post Bestseller "Tyler Cowen's blog, Marginal Revolution, is the first thing I read every morning. And his brilliant new book, The Complacent Class, has been on my nightstand after I devoured it in one sitting. I am at round-the-clock Cowen saturation right now."--Malcolm Gladwell Since Alexis de Tocqueville, restlessness has been accepted as a signature American trait. Our willingness to move, take risks, and adapt to change have produced a dynamic economy and a tradition of innovation from Ben Franklin to Steve Jobs. The problem, according to legendary blogger, economist and best selling author Tyler Cowen, is that Americans today have broken from this tradition—we’re working harder than ever to avoid change. We're moving residences less, marrying people more like ourselves and choosing our music and our mates based on algorithms that wall us off from anything that might be too new or too different. Match.com matches us in love. Spotify and Pandora match us in music. Facebook matches us to just about everything else. Of course, this “matching culture” brings tremendous positives: music we like, partners who make us happy, neighbors who want the same things. We’re more comfortable. But, according to Cowen, there are significant collateral downsides attending this comfort, among them heightened inequality and segregation and decreased incentives to innovate and create. The Complacent Class argues that this cannot go on forever. We are postponing change, due to our near-sightedness and extreme desire for comfort, but ultimately this will make change, when it comes, harder. The forces unleashed by the Great Stagnation will eventually lead to a major fiscal and budgetary crisis: impossibly expensive rentals for our most attractive cities, worsening of residential segregation, and a decline in our work ethic. The only way to avoid this difficult future is for Americans to force themselves out of their comfortable slumber—to embrace their restless tradition again.
The New Chicago Way
Author: Edgar H Bachrach
language: en
Publisher: Southern Illinois University Press
Release Date: 2019-01-16
For all the wrong reasons, a national spotlight is shining on Chicago. The city has become known for its violence, police abuse, parent and teacher unrest, population decline, and mounting municipal and pension debt. The underlying problem, contend Ed Bachrach and Austin Berg, is that deliberative democracy is dead in the city. Chicago is home to the last strongman political system in urban America. The mayor holds all the power, and any perceived checks on mayoral control are often proven illusory. Rash decisions have resulted in poor outcomes. The outrageous consequences of unchecked power are evident in government failures in elections, schools, fiscal discipline, corruption, public support for private enterprise, policing, and more. Rather than simply lament the situation, criticize specific leaders, or justify an ideology, Bachrach and Berg compare the decisions about Chicago’s governance and finances with choices made in fourteen other large U.S. cities. The problems that seem unique to Chicago have been encountered elsewhere, and Chicagoans, the authors posit, can learn from the successful solutions other cities have embraced. Chicago government and its citizens must let go of the past to prepare for the future, argue Bachrach and Berg. A future filled with demographic, technological, and economic change requires a government capable of responding and adapting. Reforms can transform the city. The prescriptions for change provided in this book point toward a hopeful future: the New Chicago Way.