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Barriers to Riches

Author: Stephen L. Parente

Publisher: MIT Press

Published: 2002-01-25

Total Pages: 188

ISBN-13: 9780262264082

Why isn't the whole world as rich as the United States? Conventional views holds that differences in the share of output invested by countries account for this disparity. Not so, say Stephen Parente and Edward Prescott. In Barriers to Riches, Parente and Prescott argue that differences in Total Factor Productivity (TFP) explain this phenomenon. These differences exist because some countries erect barriers to the efficient use of readily available technology. The purpose of these barriers is to protect industry insiders with vested interests in current production processes from outside competition. Were this protection stopped, rapid TFP growth would follow in the poor countries, and the whole world would soon be rich. Barriers to Riches reflects a decade of research by the authors on this question. Like other books on the subject, it makes use of historical examples and industry studies to illuminate potential explanations for income differences. Unlike these other books, however, it uses aggregate data and general equilibrium models to evaluate the plausibility of alternative explanations. The result of this approach is the most complete and coherent treatment of the subject to date.

The Art of Wealth

Author: Baron Alexander Deschauer

Publisher: FriesenPress

Published: 2016-02-24

Total Pages: 124

ISBN-13: 1460281497

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Becoming rich or, better yet, wealthy requires a certain mind-set. Becoming wealthy is fairly straight forward-theoretically. In practice, there are hurdles that most of us don't even see. These are the barriers to entry that allow many in society to claim that opportunity exists for all of us-but in reality are closed to most of us. The first thing in overcoming these barriers is to be able to learn how to see the barriers. Once you learn to see, you will be able to overcome. This book sets out in short stories and narratives the secrets to developing the mind-set of the wealthy. It will provide you with the tried and tested truths behind accumulating riches and wealth.

The Riches of This Land

Author: Jim Tankersley

Publisher: PublicAffairs

Published: 2020-08-11

Total Pages: 296

ISBN-13: 1541767845

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A vivid character-driven narrative, fused with important new economic and political reporting and research, that busts the myths about middle class decline and points the way to its revival. For over a decade, Jim Tankersley has been on a journey to understand what the hell happened to the world's greatest middle-class success story -- the post-World-War-II boom that faded into decades of stagnation and frustration for American workers. In The Riches of This Land, Tankersley fuses the story of forgotten Americans-- struggling women and men who he met on his journey into the travails of the middle class-- with important new economic and political research, providing fresh understanding how to create a more widespread prosperity. He begins by unraveling the real mystery of the American economy since the 1970s - not where did the jobs go, but why haven't new and better ones been created to replace them. His analysis begins with the revelation that women and minorities played a far more crucial role in building the post-war middle class than today's politicians typically acknowledge, and policies that have done nothing to address the structural shifts of the American economy have enabled a privileged few to capture nearly all the benefits of America's growing prosperity. Meanwhile, the "angry white men of Ohio" have been sold by Trump and his ilk a theory of the economy that is dangerously backward, one that pits them against immigrants, minorities, and women who should be their allies. At the culmination of his journey, Tankersley lays out specific policy prescriptions and social undertakings that can begin moving the needle in the effort to make new and better jobs appear. By fostering an economy that opens new pathways for all workers to reach their full potential -- men and women, immigrant or native-born, regardless of race -- America can once again restore the upward flow of talent that can power growth and prosperity.

Breaking the Money Barriers

Author: Michael J. Duckett

Publisher: Createspace Independent Publishing Platform

Published: 2017-09-24

Total Pages: 196

ISBN-13: 9781974463909

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When I was a little boy, I allowed my thoughts to carry me away from the extreme poverty in which I lived to a place where I knew things would be better. My seven sisters and I were orphaned and left on the streets of Detroit. We were determined to stay together at any cost! The price we paid was extreme poverty for many years. We were constantly on the run, living wherever we could find a place to sleep. Although the times were hard, we made it. I went into business for myself selling candy at the age of eight, and we soon had enough money to buy a house. It was in an inner-city neighborhood, but it was home. I worked hard and had little time to play. It was during those lean times that I made up my mind to do something great with my life. I decided someday to become wealthy and help others do the same. In my early years, I always had a job and several businesses. Even at lunchtime during school I would sneak away and cut a customer's lawn or sweep out a basement. I learned how to make a dollar at a very young age, but I didn't learn how to manage it for many years. I would become wealthy and then lose it all.

Rulers, Religion, and Riches

Author: Jared Rubin

Publisher: Cambridge University Press

Published: 2017-02-16

Total Pages: 297

ISBN-13: 110703681X

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This book seeks to explain the political and religious factors leading to the economic reversal of fortunes between Europe and the Middle East.

Perseverance: Broke to Billions

Author: Chuck Whittall

Publisher: Post Hill Press

Published: 2020-12-22

Total Pages: 150

ISBN-13: 1642936626

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Through his own story of hardship and triumph, Chuck Whittall shares the principles he used to overcome obstacles that can derail a business. In Perseverance: Broke to Billions, Whittall details what he’s learned—from making key decisions and raising capital, to overcoming financial deficits and evaluating prospective opportunities.

Handbook of Economic Growth

Author: Philippe Aghion

Publisher: Elsevier

Published: 2005-12-21

Total Pages: 839

ISBN-13: 0444520430

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Featuring survey articles by leading economists working on growth theory, this two-volume set covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms. It also covers technology, trade and geography, and growth and socio-economic development.

Draft Report to Congress on the Coastal Barrier Resources System as Required by Section 10 of P.L. 97-348, the Coastal Barrier Resources Act of 1982

Author:

Publisher:

Published: 1985

Total Pages: 518

ISBN-13:

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The Triumph of the Flexible Society

Author: Manuel Hinds

Publisher: Bloomsbury Publishing USA

Published: 2003-11-30

Total Pages: 222

ISBN-13: 0313057702

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Hinds takes offers a fresh perspective on the social, political, and economic disturbances now affecting our world. This book looks at those disturbances not as separate problems, but rather as the coherent symptoms of a deep technological revolution that is changing the shape of society on the scale of the Industrial Revolution: the Connectivity Revolution, the basis of the New Economy. Analyzing the resistance to change that erupted violently in response to that last major economic upheaval, Hinds shows how Communism, Nazism, and fundamentalism owe their triumphs not to the prevalence of poverty or oppression but to the rigidity of societies threatened by profound social changes prompted by rapid technological progress. Demonstrating that their rigidity was caused by the same kind of state intervention in the economy that is now being proposed to stop globalization, he argues persuasively that only a horizontal, flexible society can smoothly manage change in such a way that the pain of transformation—and therefore, the risk of giving birth to new varieties of destructive regimes—is minimized.

Long-Run Growth Forecasting

Author: Stefan Bergheim

Publisher: Springer Science & Business Media

Published: 2008-03-29

Total Pages: 194

ISBN-13: 354077680X

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This book explores how to set up an empirical model that helps with forecasting long-term economic growth. GDP forecasts for the years 2006 to 2020 for 40 countries are derived in a transparent way. Offering a systematic approach to models of potential GDP that can also be used for forecasts of more than a decade it fills the wide gap between the high demand for such models by banks, international organizations, and governments on the one hand and the limited supply on the other hand. Frequent forecast failures in the past (e.g. Japan 1990, Asia 1997) and the heavy economic losses they produced motivated the work. The book assesses the large number of theories of economic growth, the drivers of economic growth, the available datasets and the empirical methods on offer. A preference is shown for evolutionary models and an augmented Kaldor model. The book uses non-stationary panel techniques to find pair-wise cointegration among GDP per capita and its main correlates.