The Imperial College Business School conducted a study that reveals the wealth gap in the US has grown faster than in Europe, and the primary cause of this phenomenon is the significant increases in stock market prices. The research aims to explore the reasons behind the growing wealth inequality in the US and identify the necessary actions to address it.

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.

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.

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.

Cryptocurrency investors are at risk of gambling-related harms, with online gambling outlets accepting crypto wagers posing even greater threats. A new study by the University of Bristol and the University of East London highlights the lack of regulation, risk of fraud, and extreme price volatility as emerging crypto risks. The study explores the intersection of cryptocurrency investing and gambling, citing evidence that shows how crypto trading is associated with increased gambling activity and high-risk stock trading. Cryptocasinos present a double danger, allowing gamblers to bet on sophisticated online gambling products using volatile cryptocurrencies as the source of funds.

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.

The Prisoner's Dilemma is a classic problem that can shed light on a range of real-world phenomena. In this dilemma, two people face a choice: cooperate and both do well, or fail to cooperate and both do worse. Understanding this dilemma can help you see how cooperation is key to solving complex problems, from overfishing to pollution to creating just societies. By exploring the underlying structure of this problem, you can gain insight into the benefits of cooperation, and how to approach complex situations where your choices impact those around you. Learning about the Prisoner's Dilemma can help you become a better problem solver, both intellectually and practically, by equipping you with the tools you need to think critically and work collaboratively with others.

Delve into the world of game theory and discover how it revolutionized economics and social organization. John von Neumann and Oskar Morgenstern's groundbreaking mathematical theory, first published more than sixty years ago, has since been widely used to analyze real-world phenomena including arms races, vaccination policy, and even major league baseball salary negotiations. This sixtieth anniversary edition of Theory of Games and Economic Behavior includes an introduction by Harold Kuhn, an afterword by Ariel Rubinstein, and reviews from the New York Times and the American Economic Review. Discover the work whose influence will resound for generations to come. Recommended for students of economics, mathematics, political science, and sociology, as well as professionals in the fields of policy-making, game design, and business strategy. This book is also relevant to anyone interested in understanding how mathematical models can be used to analyze complex social phenomena. Whether you are curious about how game theory applies to presidential elections, vaccination policy, or even major league baseball salary negotiations, this book provides a fascinating introduction to the subject. Moreover, the book includes reviews and articles from the time of its original publication, providing readers with a historical perspective on the development of game theory as a field of scientific inquiry.

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.

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.

Have you ever wondered what goes on in the minds of judges as they make decisions in our legal system? In 'The Behavior of Federal Judges', a political scientist, an economist, and a judge team up to unravel the mystery of judicial decision-making. Through statistical analyses and a labor-market model, they reveal how judges are motivated by both financial and non-financial factors, and how ideology plays a role in decision-making at different levels of the federal judiciary. This book offers a fascinating insight into the complex world of judicial behavior, dispelling traditional legalist and political science theories. Join the authors on a journey to uncover the truth behind the robes." Recommended for law students, legal professionals, political scientists, and anyone interested in the workings of the American legal system. This book provides a unique perspective on judicial decision-making, using a labor-market model to explore the motivations of judges. It dispels traditional legalist and political science theories, highlighting the role of ideology in decision-making at different levels of the federal judiciary. This book is relevant to those interested in the intersection of law and economics, as well as those interested in understanding the complexities of the judicial system. It offers a fascinating insight into the minds of judges, and how they navigate the intricate web of legal and ideological factors that shape their decisions.

Are you passionate about making a positive impact on society? Do you want to work towards creating a better world for everyone? Then studying Public Service might be the perfect fit for you! Public Service is a field of study that focuses on the management, administration, and policy-making of government and non-profit organizations. It incorporates a range of disciplines such as political science, economics, sociology, and law, to equip students with the skills and knowledge needed to tackle complex social issues. One of the most appealing aspects of studying Public Service is the opportunity to make a real difference in people's lives. Whether it's working towards improving public health, education, or social justice, Public Service graduates have the skills and expertise to create meaningful change in the world. Some of the most interesting research in Public Service is focused on finding innovative solutions to social problems. From developing new policies to creating effective public programs, there are countless opportunities to make a difference. Well-known academic figures such as Robert Reich, Angela Davis, and Noam Chomsky have made significant contributions to the field of Public Service, inspiring students to follow in their footsteps. At the undergraduate level, students can choose from a range of majors and modules, including Public Policy, Non-Profit Management, and International Development. These modules provide students with a solid foundation in the principles of Public Service and prepare them for further specialization in areas such as Environmental Policy, Health Policy, or Human Rights. After graduation, Public Service graduates have a wide range of career options to choose from. They can work in government agencies, non-profit organizations, international organizations, or the private sector. Key industries for prospective future employment include healthcare, education, social services, and environmental protection. Some notable employers include the United Nations, Doctors Without Borders, and the World Wildlife Fund. To succeed in the field of Public Service, students should possess a range of personal attributes, skills, and subject interests. Strong communication skills, critical thinking, and problem-solving abilities are essential, as well as a passion for social justice and a desire to make a positive impact on society. In summary, studying Public Service is an excellent choice for students who are passionate about making a difference in the world. With a range of exciting career options and the potential to create meaningful change, Public Service is a field of study that is both rewarding and inspiring.

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.

Are you passionate about the environment and the future of our planet? Do you want to make a real difference in the world? Then studying Climate Change Policy might just be the perfect field of study for you! Climate Change Policy is an interdisciplinary field that combines science, politics, economics, and law to address one of the most pressing issues of our time: global warming. As a student in this field, you'll gain a deep understanding of the science behind climate change, as well as the policies and strategies needed to mitigate its effects and adapt to its impacts. One of the most exciting aspects of studying Climate Change Policy is the real-world impact you can have. From designing renewable energy policies to developing sustainable transportation systems, the work of Climate Change Policy experts has a direct impact on the health of our planet and the well-being of future generations. As a student in this field, you'll have the opportunity to engage in cutting-edge research and innovation, working with top academics and experts in the field. You'll explore the latest academic discourse and learn from well-known figures like Naomi Klein, Bill McKibben, and Michael Mann, who have made significant contributions to the field. At the undergraduate level, you'll typically take courses in Environmental Science, Economics, Political Science, and Law, among others. Specializations can include topics like Climate Change Adaptation, Energy Policy, Environmental Law, and Sustainability. You'll also have the opportunity to gain hands-on experience through internships and research projects. The potential career paths for Climate Change Policy graduates are vast and varied. You could work for government agencies, non-profit organizations, or private companies, designing and implementing policies to reduce greenhouse gas emissions and promote sustainability. You could also work in academia, researching and teaching about climate change and its impacts. Notable employers in this field include the United Nations, the World Bank, and the Environmental Protection Agency, among others. To succeed in this field, you'll need to be passionate about the environment and committed to making a difference in the world. You should also have strong analytical and critical thinking skills, as well as excellent communication and teamwork abilities. If you're ready to take on the challenge of addressing climate change head-on, then studying Climate Change Policy might just be the perfect fit for you!

Have you ever wondered why some CEOs earn hundreds of times more than their employees? In recent years, the topic of excessive CEO compensation has gained widespread attention and sparked intense debate. While some argue that CEOs deserve high pay for their leadership and contributions to their companies' success, others believe that such compensation is unjustified and contributes to economic inequality. In this write-up, we will explore the justifications for and advances in the area of excessive CEO compensation, and discuss the impact it has on the economy and society at large. One common argument in favor of excessive CEO compensation is that it serves as an incentive for CEOs to work harder and make better decisions. Supporters of this view believe that the promise of a large salary and bonuses motivates CEOs to maximize their companies' profits and shareholder value. However, critics argue that this argument is flawed, as there is little evidence to suggest that higher pay leads to better performance. In fact, some studies have found that excessive CEO compensation can lead to short-term thinking, risk-taking, and unethical behavior. In recent years, there have been several advances in the area of excessive CEO compensation. One significant development is the increased attention and scrutiny placed on CEO pay by shareholders, activists, and the media. This has led to a greater focus on the link between CEO pay and company performance, as well as the need for greater transparency and accountability in executive compensation. Another development is the rise of shareholder activism, in which investors use their power to influence companies' decisions on CEO pay and other issues. To fully understand the topic of excessive CEO compensation, it is important to be familiar with certain academic terms and concepts. One such term is "pay ratio," which refers to the ratio of CEO pay to median employee pay. Another important concept is "stock options," which are a form of executive compensation that gives CEOs the right to buy company stock at a set price. Additionally, "agency theory" is a key concept that is used to explain and resolve issues in the relationship between CEOs and their companies' shareholders. Several leading academics have made significant contributions to the study of excessive CEO compensation. One of these scholars is Lucian Bebchuk, a professor at Harvard Law School who has written extensively on the topic. Bebchuk argues that excessive CEO pay can lead to a misalignment of interests between executives and shareholders, and calls for reforms to address this issue. Another important academic in this area is Steven N. Kaplan, a professor at the University of Chicago Booth School of Business. Kaplan's research focuses on the link between CEO pay and company performance, and he has found that the relationship between the two is more complex than previously thought. Excessive CEO compensation is a complex and controversial topic that has significant implications for the economy and society.

Are you interested in making a difference in your community or even the world? If so, Public Administration might just be the field of study for you! Public Administration is a fascinating and rewarding field that involves managing and leading public organizations and programs that serve the public interest. Public Administration is a diverse field that covers a wide range of topics, from budgeting and finance to policy analysis and implementation. It is a field that combines theory and practice, and it is often grounded in real-life examples of successful public programs and initiatives. For example, did you know that the New York City Department of Transportation created a program called "Citi Bike" that has revolutionized the way people get around the city? This program was designed and implemented by public administrators who had a vision for a more sustainable and accessible transportation system. If you're interested in research and innovation, Public Administration has plenty to offer. There are many well-known academic figures in this field who have made significant contributions to our understanding of public policy and administration. For example, James Q. Wilson was a renowned political scientist who wrote extensively on the role of bureaucracy in modern society, while Mary Parker Follett was a pioneering management theorist who emphasized the importance of collaboration and cooperation in organizational settings. At the undergraduate level, Public Administration majors typically take courses in areas such as public policy, budgeting and finance, and organizational behavior. There are also many opportunities for further specialization, such as in areas like environmental policy or healthcare administration. For example, if you're interested in healthcare, you might study how public hospitals are managed and how healthcare policies are developed and implemented. So what kind of jobs can you get with a degree in Public Administration? The possibilities are endless! You could work for a government agency, a non-profit organization, or even a private company that works closely with the public sector. Some popular career paths include city manager, policy analyst, or public relations specialist. And if you're interested in working for a specific organization, there are plenty of attractive potential employers to choose from, such as the United Nations, the World Health Organization, or the Environmental Protection Agency. To succeed in Public Administration, it's important to have a strong work ethic, excellent communication skills, and a passion for serving the public interest. If you're interested in making a difference in your community and beyond, then Public Administration might just be the perfect field of study for you!

Are you interested in making a difference in the world? Do you want to be part of the team that shapes and influences the policies that affect our lives? If you answered yes, then a career as a Policy Analyst might be perfect for you! Policy Analysts are professionals who work to research, analyze, and develop policies that impact a wide range of industries and sectors. They are responsible for identifying the issues, analyzing data, and making recommendations to improve policies and programs. They work in various fields such as healthcare, education, social welfare, environmental protection, and more. As a Policy Analyst, you could work on projects that range from improving public transportation to developing new healthcare policies. You could also be involved in researching and analyzing data on social and economic trends, as well as working with policymakers to develop and implement new policies. One exciting aspect of this career is the potential for specialization. You could choose to focus on a specific area, such as environmental policy, healthcare policy, or education policy. This allows you to become an expert in your chosen field and make a significant impact on the issues that matter most to you. To become a Policy Analyst, you will typically need a Bachelor's degree in a related field such as Political Science, Public Administration, or Economics. Some popular undergraduate programs and majors include Public Policy, International Relations, and Sociology. Helpful personal attributes for this career include excellent analytical skills, strong communication skills, and the ability to work well in a team. You should also have a passion for research and a desire to make a positive impact on society. Job prospects for Policy Analysts are excellent, with many opportunities available in both the public and private sectors. Some notable employers include the United Nations, World Bank, International Monetary Fund, and various government agencies such as the Department of Homeland Security and the Environmental Protection Agency. In conclusion, a career as a Policy Analyst offers an exciting and rewarding opportunity to make a difference in the world. With a wide range of potential specializations and excellent job prospects, this career is perfect for those who are passionate about research, analysis, and making a positive impact on society. So what are you waiting for? Start exploring this exciting career today!

Does money buy happiness? Research shows that, on average, larger incomes are associated with ever-increasing levels of happiness. But the relationship becomes more complex when considering emotional well-being. An adversarial collaboration between researchers from Princeton and Penn universities reconciles contradictory findings and shows that, while most people experience greater happiness with larger incomes, an unhappy cohort in each income group shows a sharp rise in happiness up to $100,000 annually and then plateaus. For everyone else, more money was associated with higher happiness to somewhat varying degrees.

New research by Takuo Sugaya (Stanford Graduate School of Business) and Mitsuru Igami (Yale Department of Economics) reveals the conditions needed for illegal cartels to survive and the factors that lead to their failure. Using game theory to analyze one of the biggest cartel cases in modern history, the researchers discovered that sustained collusion requires mutually beneficial incentives for all companies involved. Findings have implications for policymakers and regulators in their approval of mergers and investment in innovation.

Enter the mind of Adam Smith, the father of modern economics, and explore his magnum opus, 'The Wealth of Nations'. This classic work, considered the first modern work of economics, delves into the nature and causes of wealth in society. Smith's insights on political economy and moral philosophy continue to shape economic thought today. With an unabridged and illustrated eBook report, readers can navigate through Smith's complex ideas with ease. Discover the antidote to superstition and enthusiasm with 'The Wealth of Nations'." Recommended for students of economics, political science, and philosophy, as well as anyone interested in the history of economic thought. This book provides a foundational understanding of modern economics and the role of government in shaping economic policy. Additionally, those interested in the intersection of morality and economics will find Smith's insights on the subject thought-provoking. The book is also valuable for professionals in the fields of finance and business, as it offers a historical perspective on the evolution of economic systems. Overall, 'The Wealth of Nations' is a must-read for anyone seeking to deepen their understanding of economics and its impact on society.