How Nations Grow Rich or South Western Accounting with Peachtree Complete 2005

How Nations Grow Rich: The Case for Free Trade

Author: Melvyn Krauss

In How Nations Grow Rich, Krauss argues there is no inherent reason why the growth of the welfare state in the Western industrial countries should conflict with free trade - that is, there is no inherent reason for the welfare state to be protectionist. Exposing fallacious "welfare state" arguments for protection, Krauss makes a powerful case for free trade in general, and NAFTA in particular, as mechanisms for raising U.S. living standards. Americans are made better off through a reallocation of U.S. productive resources from lower to higher productivity uses - from textiles to computers, for example. Moreover, by raising wages in Mexico relative to the U.S., Krauss expects NAFTA to help reduce both legal and illegal immigration. Were states like California to reduce their generous social services and affirmative action programs, labor immigration from Mexico would fall to politically acceptable levels. Krauss' new insight that migration and foreign trade are alternative means of effectuating international exchange is used in this lively and informative book to shed light on a host of important policy issues. By the very act of restricting textile and apparel imports, the U.S. virtually compels foreign textile workers to migrate to the U.S. The European Union's tariff against East European exports provokes a flood of Eastern workers to Western Europe. In How Nations Grow Rich, Krauss dispatches both traditional and newer arguments for protection with unusual verve and clarity. Addressing the belief that protectionism boosts employment, he points out that import restrictions can destroy U.S. jobs when imposed on materials we use as parts. In response to protectionist demands that the U.S. close its markets until Japan reduces its trade barriers against U.S. goods - that trade be fair before it can be free - Krauss points out that in a market economy where consumers are kings, only a consumer-based equity standard is valid. Thus what the "fair-trade" protectioni

Booknews

Pushing against protectionist groups trying to regulate global free trade, Krauss (economics, New York U.) critiques the concepts underpinning their arguments and makes a case for his own. Basically, the author thinks free trade in general (NAFTA) will raise US production standards by inhibiting immigration of workers from Mexico and other countries, and that in an economy where "consumers are kings" protectionism by all countries simply ensures cost increases, foolishly undermining the only valid standard<-->consumer-based equity. Annotation c. by Book News, Inc., Portland, Or.

Table of Contents:

	Preface
	Introduction
1	The Advantages of Comparative Advantage	3
2	Bill Clinton's "Affirmative Action" Trade Policy	13
3	False Arguments for Protection	19
4	Free Trade and the Welfare State	35
5	No Cheers for Foreign Aid	61
6	The Consensus of Expert Opinion	85
7	The Rise of Regionalism	101
	Notes	121
	Bibliography	129
	Index	133

Interesting book: Life after Welfare or Political Science

South-Western Accounting with Peachtree? Complete 2005

Author: Carol Yacht

Why juggle two books while working at the computer?

Macroeconomics or A Practical Guide to Estate Planning and Administration

Macroeconomics

Author: Stephen D Williamson

This text strives to make macroeconomics come alive for today's students planning to major in business or economics. The content reflects the news-stream from financial markets,Fed monetary policy,and budget debates. Key concepts are stressed and reinforced as the story of unfolds: the real vs. nominal distinction,the role of the interest rate in linking the real economy to the financial sector,how that linkage allows monetary policy to operate,and the role of the trade deficit. The fourth edition expands the chapter on financial intermediaries and markets - one that is popular with students,introduces indexed bonds into the discussion of interest rates,adds charts putting the recent bull market in historical context,and the chapter on the federal budget is completely revamped to reflect the emergence of a surplus. Additional exercises help reinforce concepts.

Table of Contents:

I. INTRODUCTION AND MEASUREMENT ISSUES.

 1. Introduction.
 2. Measurement.
 3. Business Cycle Measurement.

II. A ONE-PERIOD MODEL OF THE MACROECONOMY.

 4. Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization.
 5. A Closed-Economy One-Period Macroeconomic Model.

III. ECONOMIC GROWTH.

 6. Economic Growth: Malthus and Solow.
 7. Income Disparity Among Countries and Endogenous Growth.

IV. SAVINGS, GOVERNMENT DEFICITS, AND INVESTMENT.

 8. A Two-Period Model: The Consumption Savings Decision and Ricardian Equivalence.
 9. A Real Intemporal Model with Investment.

V. MONEY AND BUSINESS CYCLES.

10. A Monetary Intertemporal Model: The Neutrality of Money, Long-Run Inflation, and Money Demand.
11. Market-Clearing Models of the Business Cycle.
12. Keynesian Business Cycle Theory: The Sticky Wage Model.

VI. INTERNATIONAL ECONOMICS.

13. International Trade in Goods and Assets.
14. Money in the Open Economy.

VII. MONEY, BANKING, UNEMPLOYMENT, AND INFLATION.

15. Money, Inflation, and Banking.
16. Unemployment: Search and Efficiency Wages.
17. Inflation, the Phillips Curve, and Central Bank Commitment.

Mathematical Appendix.

Read also At the South East Asian Table or Rush Hour Recipes

A Practical Guide to Estate Planning and Administration

Author: Michael J Gau

This publication takes a highly practical approach to teaching estate planning and administration by presenting the process from start to finish as it applies to three fictional families with various planning needs. The material is presented logically and allows readers to test their knowledge after each chapter and in a cumulative manner. It places emphasis on the practical concerns of drafting estate planning documents, and it provides numerous examples of such documents for the reader to review and relate to the fictional families' situations. Not only does it present the step-by-step process of traditional estate administration, it offers some alternatives to full administration. Sample documents, case briefs, discussions of ethical issues, and recommended Web sites for further study round out this valuable learning tool and desk reference.