A comprehensive account of the rise and fall of the mortgage-securitization industry, which explains the complex roots of the 2008 financial crisis.More than a decade after the 2008 financial crisis plunged the world economy into recession, we still lack an adequate explanation for why it happened. Existing accounts identify a number of culprits—financial instruments, traders, regulators, capital flows—yet fail to grasp how the various puzzle pieces came together. ...

This is an open access title. It is available to read and download as a free PDF version on Oxford Academic and is made available under a Creative Commons Attribution-NonCommercial 4.0 International licence. The European Union's market integration project has dramatically altered economic activity around Europe. This book presents extensive evidence on how trade has increased, jobs have been created, and European business has been reorganized. However, changes in the economy have been acco...

Finding ways to understand the nature of social change and social order-from political movements to market meltdowns-is one of the enduring problems of social science. A Theory of Fields draws together far-ranging insights from social movement theory, organizational theory, and economic and political sociology to construct a general theory of social organization and strategic action. In a work of remarkable synthesis, imagination, and analysis, Neil Fligstein and Doug McAdam propo...

The European Union is in crisis. Crippled by economic problems, political brinkmanship, and institutional rigidity, the EU faces an increasingly uncertain future.In this compelling essay, leading scholar of European politics, Jan Zielonka argues that although the EU will only survive in modest form - deprived of many real powers - Europe as an integrated entity will grow stronger. Integration, he contends, will continue apace because of European states’ profound economic interdepen...

From renowned economist Thomas Sowell, an indispensable examination of widespread economic fallacies**"From one of America's most noted conservative economists, a short, original book that offers some unconventional ideas about how to think about common economic topics." ―**Baltimore SunIn Economic Facts and Fallacies, Thomas Sowell exposes some of the most popular fallacies about economic issues in a lively manner that do...

Many low-income countries and development organizations are calling for greater liberalization of labor immigration policies in high-income countries. At the same time, human rights organizations and migrant rights advocates demand more equal rights for migrant workers. The Price of Rights shows why you cannot always have both.Examining labor immigration policies in over forty countries, as well as policy drivers in major migrant-receiving and migrant-sending states, Marti...

The greatest obstacle to sound economic policy is not entrenched special interests or rampant lobbying, but the popular misconceptions, irrational beliefs, and personal biases held by ordinary voters. This is economist Bryan Caplan's sobering assessment in this provocative and eye-opening book. Caplan argues that voters continually elect politicians who either share their biases or else pretend to, resulting in bad policies winning again and again by popular demand.Boldly calling i...

Completely revised and updated for the second edition, this textbook continues to offer the most comprehensive resource available for all interested in international organization and global governance.The book offers:In-depth and accessible coverage of the history and theories of international organization and global governance.Discussions of the full range of state, intergovernmental, and non-state actors.

Marx's Capital is one of the most important texts of the modern era. The three volumes, published between 1867 and 1883, changed the destiny of countries, politics and people across the world - and continue to resonate today. In this book, David Harvey lays out their key arguments.In clear and concise language, Harvey describes the architecture of capital according to Marx, placing his observations in the context of capitalism in the second half of the nineteenth century. ...

Municipalities are responsible for many essential services and have become vital agents for implementing provincial policies, including those dealing with the environment, emergency planning, economic development, and land use. In Foundations of Governance, experts from each of Canada's provinces come together to assess the extent to which municipal governments have the capacity to act autonomously, purposefully, and collaboratively in the intergovernmental arena.Each chap...

How "colorblindness" in policy and personal practice perpetuate racial inequity in the United States today.Following the civil rights movement, race relations in the United States entered a new era.Legal gains were interpreted by some as ensuring equal treatment for all and that "colorblind" policies and programs would be the best way forward. Since then, many voices have called for an end to affirmative action and other color-conscious policies and programs, and e...

From one of this country’s best and most controversial political writers, a searing blueprint for the Next Canada.Five years into the twenty-first century, Canada is viewed as one of the most desirable nations in the world in which to live. Despite the worries of many Canadians — our country’s regional and linguistic divisions, our frequent identity crises — Canada, it seems, has a lot of good things going for it.The federal election of 2004, however, revealed new cracks in...