A Culture of Growth: The Origins of the Modern Economy [EPUB]

A Culture of Growth: The Origins of the Modern Economy [EPUB]
A Culture of Growth: The Origins of the Modern Economy by Joel Mokyr
2016 | EPUB + PDF | ISBN: 9780691168883 | 3.98/7.08MB

During the late eighteenth century, innovations in Europe triggered the Industrial Revolution and the sustained economic progress that spread across the globe. While much has been made of the details of the Industrial Revolution, what remains a mystery is why it took place at all. Why did this revolution begin in the West and not elsewhere, and why did it continue, leading to today's unprecedented prosperity? In this groundbreaking book, celebrated economic historian Joel Mokyr argues that a culture of growth specific to early modern Europe and the European Enlightenment laid the foundations for the scientific advances and pioneering inventions that would instigate explosive technological and economic development. Bringing together economics, the history of science and technology, and models of cultural evolution, Mokyr demonstrates that culture―the beliefs, values, and preferences in society that are capable of changing behavior―was a deciding factor in societal transformations.

Mokyr looks at the period 1500–1700 to show that a politically fragmented Europe fostered a competitive "market for ideas" and a willingness to investigate the secrets of nature. At the same time, a transnational community of brilliant thinkers known as the “Republic of Letters” freely circulated and distributed ideas and writings. This political fragmentation and the supportive intellectual environment explain how the Industrial Revolution happened in Europe but not China, despite similar levels of technology and intellectual activity. In Europe, heterodox and creative thinkers could find sanctuary in other countries and spread their thinking across borders. In contrast, China’s version of the Enlightenment remained controlled by the ruling elite.

Combining ideas from economics and cultural evolution, A Culture of Growth provides startling reasons for why the foundations of our modern economy were laid in the mere two centuries between Columbus and Newton.

Sewing Hope: How One Factory Challenges the Apparel Industry's Sweatshops [EPUB]

Sewing Hope: How One Factory Challenges the Apparel Industry's Sweatshops [EPUB]
Sewing Hope: How One Factory Challenges the Apparel Industry's Sweatshops by Sarah Adler-Milstein, John M Kline
2017 | EPUB + PDF | ISBN: 9780520292925 | 6.77/237.89MB

Sewing Hope offers the first account of a bold challenge to apparel-industry sweatshops. The Alta Gracia factory in the Dominican Republic is the anti-sweatshop. It boasts a living wage three times the legal minimum, high health and safety standards, and a legitimate union—all verified by an independent monitor. It is the only apparel factory in the global south to meet these criteria.

The Alta Gracia business model represents an alternative to the industry’s usual race-to-the-bottom model with its inherent poverty wages and unsafe factory conditions. Workers’ stories reveal how adding US$0.90 to a sweatshirt’s production price can change lives: from getting a life-saving operation to a reunited family; from purchasing children's school uniforms to taking night classes; from obtaining first-ever bank loans to installing running water. Sewing Hope invites readers into the apparel industry’s sweatshops and the Alta Gracia factory to learn how the anti-sweatshop started, how it overcame challenges, and how the impact of its business model could transform the global industry.

Barometer of Fear: An Insider’s Account of Rogue Trading and the Greatest Banking Scandal in History [EPUB]

Barometer of Fear: An Insider’s Account of Rogue Trading and the Greatest Banking Scandal in History [EPUB]
Barometer of Fear: An Insider’s Account of Rogue Trading and the Greatest Banking Scandal in History by Alexis Stenfors
2017 | EPUB + PDF | 0.45/2.87MB

The LIBOR affair has been described as the biggest banking scandal in history, a deception affecting not only banks but also corporations, pension funds and ordinary people. But was this just the tip of the iceberg? Was the scandal the work of a few bad apples or an inevitable result of a financial system rotten to its core?

Labelled “one of the world's most infamous rogue traders” in the wake of a mis-marking scandal, Alexis Stenfors went on to rebuild his life and now guides us through the shadowy world of modern banking, providing an insider’s account of the secret practices—including the manipulation of foreign exchange rates—that have allowed banks to profit from systematic deception. Containing remarkable and often shocking insights derived from Stenfor’s own experiences in the dealing room, as well as his spectacular fall from grace at Merrill Lynch, Barometer of Fear draws back the curtain on a realm that for too long has remained hidden from public view.

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