Cartels, a combination of two or more companies working together to control prices and restrict competition, have been a hot topic in the economic and political world for centuries. From De Beers, the infamous diamond cartel, to OPEC, the global oil cartel, these organizations have a profound impact on the world's economy and politics. Some cartels, such as De Beers, have been able to maintain their control for decades, while others, like the American sugar cartel in the early 20th century, have been dissolved for violating antitrust laws. So, what makes a cartel legal or illegal? Economist Joseph Stiglitz explains that legal cartels are those that operate within a framework of laws and regulations, while illegal cartels engage in anti-competitive behavior, such as price fixing or market division. Legal cartels, like De Beers, have the potential to increase efficiency and innovation in the market. Illegal cartels, on the other hand, can lead to increased prices for consumers and a decline in market competition. The factors that determine the legality of a cartel also include government intervention, consumer protection, and market conditions. For example, OPEC, while considered a legal cartel, operates within strict regulations set by the governments of its member countries. It's important to understand the impact that cartels have on the global economy and politics. By exploring the complexities and nuances of legal and illegal cartels, you'll take a step further in gaining a deeper understanding of economics and political systems.

Neoliberalism is a term we often hear thrown around, but do you really understand what it means? At its core, neoliberalism is an economic philosophy that emphasizes the importance of individual liberty and the freedom of markets. It argues that markets can produce their own philosophy, and therefore we should look at the world through the eyes of the market. While some see neoliberalism as a way to deliver public services through privatisation over state control, others argue that it leads to uncontrolled globalisation that puts corporations above nations. Understanding neoliberalism can help you develop critical thinking skills and a deeper understanding of the way state and market interact with our aspirations. By exploring this concept, you'll be better equipped to navigate the world and make informed decisions that affect your life.

In "Bad Samaritans," economist Ha-Joon Chang challenges the conventional wisdom of free-market globalization and its champions like Thomas Friedman. Using humor and historical examples, Chang argues that protectionism and government intervention are the true keys to prosperity for today's economic superpowers. He exposes the myths of free-market ideology, including the hypocrisy of patent and copyright protection, and the false assumption that centrally planned economies stifle growth. This provocative and contrarian history of global capitalism will challenge your assumptions and make you think twice about the policies we force on developing nations. Recommended for students of economics, political science, and global studies, as well as anyone interested in the history and politics of globalization and economic justice. This book will appeal to those who question the orthodoxies of free-market capitalism and want to explore alternative models of economic development. It will also be of interest to activists and policymakers concerned with the impact of globalization on developing nations and the role of government in promoting economic growth. Chang's engaging style and irreverent wit make this a thought-provoking and accessible read for anyone seeking a deeper understanding of the complex issues surrounding global capitalism.

Nobel Prize-winning economist Joseph E. Stiglitz's best-selling book "The Price of Inequality" is a powerful indictment of America's growing inequality and its corrosive effects on our economy, democracy, and system of justice. Stiglitz argues that politics, not just market forces, have shaped this vicious circle of inequality, and he exposes the efforts of well-heeled interests to compound their wealth at the expense of true, dynamic capitalism. With characteristic insight, Stiglitz offers a vision for a more just and prosperous future, supported by a concrete program to achieve that vision. Recommended for students of economics, political science, and sociology, as well as anyone concerned about the growing inequality and lack of opportunity in America. This book is particularly relevant to those interested in the role of politics in shaping market forces, the effects of inequality on our economy and democracy, and the need for concrete policy solutions to address these issues. It may also be of interest to activists and advocates working towards greater economic and social justice.

Despite centuries of economic stagnation, Africa possesses latent assets that could lead to economic prosperity. This research identifies three specific assets - meritocracy, scepticism of authority, and cosmopolitanism - that could be the foundation for building inclusive and effective political institutions. We explore the history and culture of Africa to understand how these assets have developed and how they can be leveraged for economic growth.

As a high school student, you may have heard of the term "trickle-down economics." This concept was introduced in the 1980s, when President Ronald Reagan's administration implemented policies to stimulate the US economy. The key academic concepts here are tax cuts and their impact on the government's revenue, the economy, and people's lives. By understanding these concepts, you can learn how economic policies affect society, and how to analyze them critically. Moreover, by exploring this topic, you can develop your research and writing skills, and engage with current events that may impact your future. While there is no clear answer as to whether trickle-down economics is an effective policy, exploring this topic can provide valuable insights into economic theory and current political discourse. So why not explore this fascinating topic further and discover new perspectives on economic growth?

How did the Winnebago tribe of Nebraska turn their extreme poverty into prosperity through self-determination? Learn how their success story is inspiring Harvard's Project on Indigenous Governance and Development.

The Truly Disadvantaged by William Julius Wilson is a thought-provoking book that delves into the causes and possible solutions to inner-city poverty. Wilson's incisive analysis is a must-read for policymakers, community leaders, and all concerned Americans. The book has been widely acclaimed and has won several awards, including the C. Wright Mills Award. If you're interested in civil rights, advocacy for the poor, or the growing plight of the black urban underclass, this book is a must-read. Recommended for policymakers, community leaders, civil rights activists, and anyone interested in understanding and addressing the issue of inner-city poverty. The Truly Disadvantaged offers an insightful analysis of the causes and possible remedies for the plight of the black urban underclass. The book is relevant to a range of fields of studies, including sociology, economics, and political science. It is also of interest to professionals working in advocacy organizations for the poor and elected officials in major urban centers. If you're looking to expand your understanding of poverty and inequality in America, this book is an excellent place to start.

Uncover the sinister world of diamond smuggling and its devastating impact on the people of Sierra Leone in Greg Campbell's Blood Diamonds. Follow the trail of these "blood diamonds" from West Africa to the hands of unsuspecting consumers worldwide, revealing the complicity of the international diamond industry. Through his award-winning journalism, Campbell exposes the brutal realities of the rebel war and the policies that have allowed this tragedy to occur. This gripping tale is a must-read for anyone interested in global issues, international trade, and human rights abuses." Recommended for those interested in international relations, economics, and social justice, Blood Diamonds sheds light on the dark and dangerous world of diamond smuggling. Greg Campbell's investigation into this global issue reveals the complicity of the international diamond industry and the devastating impact on the people of Sierra Leone. This book is particularly relevant for students of international trade, human rights, and conflict resolution, as well as professionals in the diamond industry and those interested in social justice causes. The updated epilogue provides valuable insights into the ongoing repercussions of this tragedy.

Africa has a rich history and culture, but its past is marked by a legacy of colonialism that has had long-lasting effects on its economic and political development. Colonialism is the practice of one country or nation taking control of another country or territory for its own benefit. In Africa, this often involved European powers exerting their influence and control over the continent and its people. The long-term effects of colonialism on Africa's economic development and governance are still being felt today. One of the ways that colonialism impacted economic development in Africa was through the exploitation of natural resources. European powers took advantage of the continent's vast resources, including minerals, timber, and agricultural products, often without properly compensating the local people. This led to the development of an extractive economy that was heavily reliant on exports of raw materials, rather than developing local industries that could add value and create jobs. This legacy of extractive economies has made it challenging for many African countries to diversify and grow their economies. In terms of governance, colonialism also had a significant impact on the political systems and institutions that exist in many African countries today. European powers often imposed their own political systems and values on the continent, disregarding local customs and traditions. This has led to the creation of artificial borders, ethnic and tribal tensions, and a legacy of authoritarian rule that is difficult to overcome. In many cases, African countries have struggled to establish stable and effective governance systems that can provide for their citizens and ensure their well-being. One of the key academic concepts related to the long-term effects of colonialism in Africa is the idea of "neocolonialism." This refers to the continued influence of former colonial powers on African economies and politics, even after independence. For example, many African countries are still reliant on foreign aid and loans from former colonial powers, which can come with strings attached that limit their sovereignty and ability to make decisions that are in the best interests of their citizens. Leading academics in the field of colonialism and its effects on Africa include scholars like Walter Rodney, Frantz Fanon, and Achille Mbembe. These thinkers have written extensively on the subject, providing insights into the historical and contemporary issues that continue to shape the continent. By delving deeper into the complex issues surrounding the long-term effects of colonialism in Africa, students can gain a better understanding of the continent's history and its current challenges, as well as develop critical thinking skills and an appreciation for the complexities of global systems and institutions.

Why are non-flashlight portable lights taxed less than flashlights? MIT professor In Song Kim's research reveals how lobbying by individual companies shapes trade policies, and how it benefits some firms while hindering the economy as a whole. Kim's work also includes a public database, LobbyView, which tracks money in U.S. politics, enabling others to delve deeper into the topic. Discover the granular nature of trade policies and how private interests can sway public policy.

In "The Curse of Cash," Kenneth Rogoff, a world-renowned economist, presents a radical idea: getting rid of most paper money to fight crime, tax evasion, and financial crises. With a record $1.4 trillion in US dollars alone, paper money is feeding a massive underground economy, crippling monetary policy, and making us poorer and less safe. Rogoff offers a plan to phase out most paper money, leaving small-denomination bills and coins in circulation, and addresses the issues the transition will pose. This thought-provoking book is a must-read for anyone interested in economics, finance, politics, and social justice. Recommended for students of economics, finance, and political science, as well as professionals in banking, law enforcement, and policy-making, "The Curse of Cash" sheds light on the hidden costs and dangers of paper money and proposes a bold solution to some of the world's biggest problems. By exploring the links between cash, crime, corruption, terrorism, and economic inequality, Rogoff challenges us to rethink our assumptions about money and value, and to consider the implications of a cashless society for privacy, security, and social welfare. This book is also relevant to anyone interested in global affairs, technology, and the future of money.

Are you interested in exploring the world and its diverse cultures while making a positive impact on society? Look no further than Global Studies! This exciting field of study offers a unique and dynamic approach to understanding global issues, cultures, and societies. Global Studies is an interdisciplinary field that combines insights from various social sciences, humanities, and natural sciences to examine the complex and interconnected nature of our world. Students in this field study topics such as globalization, international relations, human rights, environmental sustainability, and cultural diversity. Global Studies isn't just about reading textbooks and attending lectures. It involves exciting research, innovative ideas, and inspiring academic discoveries. For example, have you heard about the work of Nobel Peace Prize winner Malala Yousafzai, who advocates for girls' education around the world? Or the groundbreaking research on climate change by Dr. Jane Goodall? These are just a few examples of the inspiring work done by global studies scholars. At the undergraduate level, students can choose from a variety of majors and modules, including international relations, environmental studies, and cultural studies. They can also specialize in areas such as global health, human rights, or sustainable development. These specializations can lead to exciting careers in fields such as international development, diplomacy, or environmental advocacy. If you're interested in pursuing a career in Global Studies, there are a wide range of potential jobs and roles you can consider. These include working for international organizations like the United Nations or World Health Organization, non-governmental organizations like Amnesty International or Greenpeace, or multinational corporations with a global presence. Some notable employers in this field include the Bill and Melinda Gates Foundation, Doctors Without Borders, and the World Wildlife Fund. To succeed in Global Studies, you should have a passion for exploring different cultures, a strong interest in current events and global issues, and excellent communication and critical thinking skills. A second language is also a valuable asset in this field. In conclusion, Global Studies is an exciting and rewarding field of study that offers a unique perspective on our world and its challenges. If you're interested in exploring different cultures, making a positive impact on society, and pursuing a dynamic career, Global Studies may be the perfect fit for you.

In Uneasy Street, Rachel Sherman delves into the lives of fifty affluent New Yorkers, including hedge fund financiers and corporate lawyers, to uncover their perspectives on privilege and wealth. Contrary to popular belief, these "liberal elites" feel conflicted about their position in a highly unequal society and wish to be seen as "normal." They avoid talking about money and compare themselves to those with more, rather than less. Sherman argues that this ethical distinction between "good" and "bad" wealthy people perpetuates economic inequality and has become ordinary and acceptable to the rest of us. This thought-provoking book challenges our assumptions about the wealthy and their role in society. Recommended for students of sociology, economics, and political science, as well as anyone interested in exploring the complex relationship between wealth and privilege. The book sheds light on how the wealthy perceive their own position in society and how their beliefs perpetuate economic inequality. It is also relevant to professionals in finance, law, and other industries that intersect with wealth and privilege. Finally, Uneasy Street is a must-read for anyone concerned with social justice and the widening gap between rich and poor.

Are you fascinated by current world events and the interactions between nations, cultures, and societies? Do you want to explore the complexities of global politics and diplomacy? If so, studying International Relations at university undergraduate level might be the perfect fit for you. International Relations is a dynamic and ever-changing field of study that examines the relationships between countries and how they interact with each other on a global scale. It delves into the complexities of international politics, economics, and culture, and explores how these factors shape the world we live in. One of the most appealing aspects of studying International Relations is the opportunity to learn about real-life examples of international relations at work. From the UN peacekeeping missions to the Paris Climate Agreement, you will learn about some of the most significant events and agreements in modern history. You will also get to study the works of well-known academic figures such as Joseph Nye and Samuel Huntington, who have contributed groundbreaking theories to the field. At the undergraduate level, typical majors and modules include International Political Economy, Global Governance, and International Security. You can also specialize in areas such as Middle Eastern Studies or Human Rights, depending on your interests. For example, you could study the role of women in conflict resolution in the Middle East or analyze the impact of climate change on global security. After completing your degree, there are numerous potential career paths you could take. You could work in government agencies or think tanks, consulting firms, or international organizations such as the United Nations or the World Bank. You could also work in the private sector, with companies such as Google or ExxonMobil, who have a global presence and need employees with an understanding of international relations. To succeed in this field, it's helpful to have a strong interest in current world events and a desire to understand how they fit into the bigger picture. Strong analytical and critical thinking skills are also crucial, as is the ability to communicate effectively and work well in a team. So if you're passionate about global issues and want to make a positive impact on the world, studying International Relations at university undergraduate level could be the perfect choice for you.

If you're looking for a field of study that offers a fascinating blend of philosophy, politics, and economics, then Philosophy, Politics and Economics (PPE) is the perfect choice for you. This interdisciplinary field of study explores the fundamental principles that shape our society, economy, and political systems. One of the most appealing aspects of PPE is the wide range of topics that it covers. From the ethics of political decision-making to the economics of globalization, PPE offers a rich and diverse range of subjects that will challenge your thinking and broaden your horizons. For example, you'll learn about the philosophical underpinnings of democracy and the role that economic policies play in shaping our society. PPE is also a field that is constantly evolving, with new research and innovations being made all the time. Some of the most inspiring academic work in this field has come from notable figures such as Amartya Sen, Martha Nussbaum, and John Rawls. These scholars have made significant contributions to our understanding of political and economic systems, and their work continues to inspire new generations of thinkers and researchers. At the undergraduate level, you'll typically take courses in philosophy, politics, and economics, as well as related fields such as sociology and history. You'll have the opportunity to specialize in areas such as international relations, public policy, or social justice. Some interesting and enticing examples of potential areas of further specialization include environmental policy, healthcare policy, and development economics. If you're wondering what kind of career paths are available with a degree in PPE, the possibilities are endless. Graduates of this field often go on to work in government, non-profit organizations, or the private sector. Some popular career paths include policy analyst, economist, political consultant, and international development specialist. Key industries for prospective future employment include finance, consulting, and public service. Some notable and attractive potential employers from public and private sectors around the world include the World Bank, the United Nations, and Goldman Sachs. To succeed in PPE, you'll need to have a strong interest in philosophy, politics, and economics, as well as excellent critical thinking and analytical skills. You'll also need to be able to communicate your ideas effectively, both in writing and in person. If you're passionate about social justice, public policy, and making a positive impact on the world, then PPE is the perfect field of study for you.

Fred Block and Margaret Somers' book "The Power of Market Fundamentalism" delves into the paradox of why free-market ideas have persisted despite their failures. Drawing from Karl Polanyi's work, the authors explain how the free market championed by market liberals never existed and why markets cannot be self-regulating. The book reveals the theoretical flaws of market principles and how they threaten social life when public goods are subjected to market principles. This intellectually stimulating read is perfect for students interested in economics, political science, and sociology. Recommended for students of economics, political science, and sociology, "The Power of Market Fundamentalism" is a thought-provoking analysis of the paradoxical persistence of free-market ideas despite their failures. Fred Block and Margaret Somers' book extends Karl Polanyi's work to explain how markets cannot be self-regulating and why they require ongoing state action. The authors reveal the theoretical flaws of market principles and how they endanger social life when public goods are subjected to market principles. This book is relevant to professionals in public policy, business, and finance, as well as those interested in exploring the intersection of politics and economics.

Politics is everywhere. It affects the way we live, work, and interact with others. And if you're interested in understanding the power dynamics that shape our world, then Political Science is the perfect field of study for you. Political Science is a social science that deals with the study of government, politics, and public policy. It's a fascinating field that combines history, philosophy, economics, and sociology to help us understand how governments work, how policies are made, and how power is distributed. In Political Science, you'll learn about the different forms of government, from democracies to dictatorships, and how they function. You'll explore the role of political institutions, such as parliaments, courts, and the media, and how they influence policy decisions. You'll also examine the impact of globalization, international relations, and human rights on political systems. One of the most exciting aspects of Political Science is the research and innovation that takes place in the field. From studying the impact of social media on political campaigns to analyzing the effectiveness of different voting systems, Political Science is constantly evolving and adapting to new challenges. Some of the most well-known academic figures in Political Science include Francis Fukuyama, who famously wrote about the "end of history," and Robert Putnam, who coined the term "social capital" to describe the networks of trust and cooperation that underpin successful societies. At the undergraduate level, Political Science majors typically take courses in political theory, comparative politics, international relations, and public policy. You can also specialize in areas such as political economy, environmental politics, or human rights. With a degree in Political Science, you'll be well-prepared for a range of careers in the public and private sectors. You could work in government, as a policy analyst, diplomat, or elected official. Or you could work in the private sector, as a lobbyist, consultant, or analyst for a think tank. Some of the most notable employers in this field include the United Nations, the World Bank, and major political parties around the world. To succeed in Political Science, you'll need to be curious, analytical, and passionate about social justice. You should also have strong writing and research skills, as well as an ability to think critically about complex issues. If you're ready to explore the fascinating world of politics and policy, then Political Science is the perfect field of study for you.

Andrew Ross Sorkin's "Too Big to Fail" is a gripping account of the financial crisis that shook the world economy to its core. With unprecedented access to the key players involved, Sorkin takes us behind the scenes of secret meetings in South Korea, the corridors of Washington, and the corner office at Lehman Brothers. The book is a real-life thriller, revealing never-disclosed details and the decisions made on Wall Street that sowed the seeds of the debacle. This is a must-read for anyone interested in the world of finance, politics, and the fate of the global economy. Recommended for finance enthusiasts, political science students, and anyone interested in understanding the causes and consequences of the 2008 financial crisis. This book provides a moment-by-moment account of how the crisis developed into a global tsunami, with unprecedented access to the key players involved. It sheds light on the decisions made on Wall Street that led to the collapse of Lehman Brothers and the subsequent bailout of the world's biggest banks. Anyone looking to gain insights into the workings of the finance industry and the role of politics in shaping the global economy will find this book a fascinating read.

Efficiency and equality are two fundamental concepts in social and economic policy that often come into conflict. Efficiency is the ability to produce goods or services with minimum waste, while equality refers to the fair distribution of resources among individuals. The trade-off between these two concepts is a persistent issue in the contemporary world, and it has important implications for social justice, economic growth, and political stability. In recent decades, the pursuit of efficiency has become a dominant theme in public policy, as governments and organizations seek to optimize their operations to achieve greater productivity, profitability, and innovation. However, this drive towards efficiency has also contributed to rising inequality, as the benefits of technological progress and globalization have disproportionately flowed to the top earners, while many low-skilled workers have faced declining wages, job insecurity, and social exclusion. This tension between efficiency and equality is not a new phenomenon. In the 19th century, the economist Vilfredo Pareto observed that economic progress often involved a redistribution of wealth from the poor to the rich, which he dubbed the "law of the vital few." Similarly, the philosopher John Rawls argued that a just society should prioritize the well-being of the least advantaged members, rather than maximizing aggregate welfare. The debate over the optimal balance between efficiency and equality has given rise to various schools of thought and policy proposals. Some proponents of efficiency argue that it is necessary to stimulate growth and innovation, which can eventually benefit everyone. Others advocate for a more redistributive approach, such as progressive taxation, social welfare programs, or universal basic income, to reduce inequality and ensure that the benefits of economic growth are shared more equitably. The trade-off between efficiency and equality is a complex and ongoing challenge for policymakers and citizens alike, but striking a good balance is one of the crucial factors of good policy-making.