A new issue of Finance & Development is out, including William White (OECD): Modern Macroeconomics Is on the Wrong Track. Mason Gaffney (UC-Riverside): A new framework for macroeconomics: achieving full employment by increasing capital turnover. From TNR, why can't Americans make things? Two words: business school (and why do German and Japanese manufacturers innovate more?) Finance minister: Hedge fund executive and ordained clergyman Mark Hostetter weighs the morality of the financial system. A review of How Markets Fail by John Cassidy (and more and more and more). Harold James on the cycles of economic discontent. Global Finance’s state of nature: Ambitions for a new world order are no match for national interest. Globalization with a human face: An interview with Jagdish Bhagwati on protectionism, climate change, and why NAFTA was bad for free trade. A review of Create Your Own Economy: The Path to Prosperity in a Disordered World by Tyler Cowen (and an interview). A look at nine myths (and realities) about socially responsible investing. Deglobalization: Daniel Gross on the surprisingly steep decline in world trade. Christianity caused the Crash?: Changing economic attitudes among Christians did contribute to the problem — just not in the way the Atlantic believes. From New Statesman, a review of The Trouble With Markets: Saving Capitalism From Itself by Roger Bootle. The first chapter from Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed — and What to Do About It by Josh Lerner. Four years after his death, Peter Drucker remains the king of the management guru.
