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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.
The Great Depression was a significant global economic crisis that lasted from 1929 to the late 1930s, leading to severe consequences for people worldwide. From the US stock market collapse to failed banks, bankruptcy, and the rise of Hitler's Nazi Party, this period marked a significant turning point in world history. Learning about this critical historical event can provide you with a comprehensive understanding of the economic concepts that govern our lives today. Through exploring the Great Depression, you can develop critical thinking, analytical skills, and a sense of how economic policies shape our world. By understanding the past, we can learn to make better decisions in the future.
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.
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.
Ahoy, matey! Are you ready to set sail on a journey through the hidden economics of piracy? In "The Invisible Hook", Peter Leeson explores the rationality behind pirates' notorious behavior, from their "pirate code" to their search for plunder. But that's not all - Leeson argues that pirates were actually pioneers of remarkable practices, such as constitutional democracy and workers' compensation. He even suggests that pirates exemplified the virtues of vice, proving that anarchy could be organized. Join Blackbeard, Black Bart Roberts, and Calico Jack Rackam on this swashbuckling adventure through history's most colorful criminals. Recommended for history buffs, economics students, and anyone interested in the intersection of rationality and criminal behavior. This book offers a unique perspective on piracy, revealing the economic forces that drove pirates to adopt certain practices and behaviors. It also highlights the surprising ways in which pirates were ahead of their time, from their adoption of constitutional democracy to their early system of workers' compensation. The book's exploration of the virtues of vice and the organization of anarchy may also appeal to those interested in political philosophy and sociology. Overall, "The Invisible Hook" is a fascinating and entertaining read that sheds light on a little-understood aspect of history.
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.
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.
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.
Are you interested in exploring the revolutionary ideas that have shaped our society? Karl Marx, a philosopher and historian, is known for his critical thinking and analysis of the social and economic systems of his time. Through his writings, Marx sought to reform the ruling class and promote communism. By exploring Marx's work, you will gain insight into the political and economic theories that have had a profound impact on the modern world. Additionally, reading and reflecting on Marx's ideas will help you develop critical thinking and analytical skills that can benefit you academically and professionally. Why not take the first step towards discovering these ideas by delving into Marx's seminal work, The Communist Manifesto?
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.
Robert Frank's "The High-Beta Rich" exposes the untold story of the high-beta rich and their impact on the American economy. With vivid storytelling, Frank takes readers inside the mortgaged mansions, blown-up balance sheets, and repossessed Bentleys and Gulfstreams. The book highlights how the top 1% of the population, who control more than a third of the country's wealth, are becoming an increasingly unstable force in the economy, wreaking havoc on communities, employment opportunities, and government finances. This engrossing read is a must for anyone interested in understanding the national consequences of high-beta wealth. Recommended for economics and business students, policymakers, and anyone interested in understanding the impact of wealth inequality on the economy and society. The book's insights into the volatile nature of high-beta wealth and its consequences for communities, employment opportunities, and government finances make it an important read for those concerned with economic stability and social justice. The book's vivid storytelling and analysis of the lives of the high-beta rich also make it an entertaining read for anyone interested in the lifestyles of the wealthy.
Have you ever wondered why finance is often seen as deceitful and infamous? Harvard Business School professor Mihir Desai explores this question in his book, "The Wisdom of Finance." Desai uses literature, film, history, and philosophy to explain the inner workings of finance in a way that has never been seen before. This book offers a refreshing and unique perspective on one of the world's most complex and misunderstood professions. You'll be surprised to learn how principles of finance can provide answers to critical questions in our lives, from the lessons of mergers applying to marriages to bankruptcy teaching us how to react to failure. Recommended for students of finance, economics, business, and humanities, "The Wisdom of Finance" offers a new perspective on the principles of finance. This book is also relevant to those interested in risk management, fiduciary responsibility, and the true value of relationships. The mix of finance and humanities leads to unusual pairings, such as Jane Austen and Anthony Trollope being guides to risk management and Jeff Koons becoming an advocate of leverage. Mihir Desai's exploration of finance through literature, film, history, and philosophy will inspire readers to see finance in a new light and understand the core humanity of this profession.
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.
Ever wondered why corruption levels vary in African countries? A new study suggests that the legacy of colonial rule may be partly to blame. Find out how British colonial rule may have fostered the corruption of local elites (chiefs) and undermined society's trust in them. Discover the significant welfare implications of this on agriculture, natural resources, mining royalties, public goods, and economic development in many African societies.
Contrary to popular belief, small businesses can benefit from minimum wage increases. A new study from UC Berkeley shows that higher wages lead to less turnover, increased productivity, and better recruitment. The study challenges the conventional wisdom that small businesses suffer more from higher labor costs and are more likely to cut jobs. The findings have significant implications for public policy and reduce poverty and financial insecurity.
Did you know that ketchup, the ubiquitous American condiment, has roots in China and Southeast Asia? And that it's used in surprising ways around the world, including in ketchup cake? The current trade war has even put ketchup in the spotlight, revealing how countries use symbolic products to retaliate. Learn about the history and global impact of ketchup, and discover how cultural stereotypes are exposed during trade wars.
The concept of the "Prisoner's Dilemma" has been studied for over 60 years for its insights into political, military, and economic affairs. The scenario involves two criminals who must decide whether to cooperate or betray each other, with each facing different consequences based on their actions. This dilemma highlights the conflict between self-interest and cooperation, and how rational individuals acting in their own self-interest can bring about the worst-case scenario. Learning about this concept can help students understand the importance of cooperation and the dangers of solely focusing on individual self-interest. It also has practical applications in fields such as politics, economics, and international relations. By exploring this concept through reading, reflection, and self-directed projects, students can gain a deeper understanding of human behavior and decision-making.
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.
Imagine traveling on a high-speed train from Cape Town to Tunis, passing by the best universities in the world, breathtaking farmland, bustling metropolises, and vast solar panels. This is the promised land of Africa, a continent that powers the global economy and is unified into a shared economic and political vision. By learning about the history of Africa's resource control and rejection of Western development aid, you can understand how the continent is now able to prosper without interference. This knowledge not only benefits you intellectually but also practically, as it offers an escape to those in the Diaspora trapped in the West facing racism, poverty, and criminal injustice. Explore this topic through reading, reflection, writing, and self-directed projects, and discover the wealth of knowledge and opportunities that Africa has to offer.
Are you interested in making a positive impact on communities and economies around the world? Do you have a passion for problem-solving and strategic planning? If so, a career as an Economic Development Specialist might be the perfect fit for you! Economic Development Specialists work to promote economic growth and stability in communities, regions, and even entire countries. They analyze economic data, identify potential areas for growth, and develop strategies to attract new businesses and investments. They also work to retain and expand existing businesses, which can create jobs and boost local economies. One inspiring example of the impact an Economic Development Specialist can have is the story of Detroit, Michigan. In the early 2000s, Detroit was struggling economically, with high unemployment rates and a declining population. But with the help of Economic Development Specialists, the city was able to attract new businesses and investments, revitalize its downtown area, and create new job opportunities for residents. Typical duties of an Economic Development Specialist include conducting research and analysis to identify economic trends and opportunities, developing strategies to attract new businesses and investments, working with local government officials and community leaders to implement economic development plans, and providing support and resources to businesses and entrepreneurs. There are many potential areas of specialization within the field of economic development, including international development, urban planning, and community development. Related fields include finance, marketing, and public policy. To become an Economic Development Specialist, a bachelor's degree in economics, business, or a related field is typically required. Some popular undergraduate programs and majors include Economics, Business Administration, and Public Policy. Helpful personal attributes for a career in economic development include strong analytical and problem-solving skills, excellent communication and interpersonal skills, and the ability to work collaboratively with a wide range of stakeholders. Job prospects for Economic Development Specialists are good, with a projected growth rate of 11% from 2019-2029. There are many potential employers in both the public and private sectors, including local and national government agencies, non-profit organizations, and private consulting firms. Notable employers include the United Nations Development Programme, the World Bank, and the International Economic Development Council. So if you're looking for a rewarding and impactful career that combines analytical skills with a passion for community development, consider becoming an Economic Development Specialist!