Land Credit And Crisis
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Author | : Philippe Guillaume |
Publisher | : Routledge |
Total Pages | : 262 |
Release | : 2016-09-17 |
Genre | : History |
ISBN | : 1315478315 |
Land, Credit and Crisis presents a new understanding of the financial culture of the Bible. Biblical Palestine was characterized by an over-abundance of arable land combined with a chronic lack of manpower and agricultural credit - circumstances which lead to much prophetic fulminating against merchants and the rich. The book reveals how the financial instruments and institutions of the time reflected a tough economic realism and argues that the image of the biblical prophet as a champion of social justice must be revised.
Author | : Josh Ryan-Collins |
Publisher | : John Wiley & Sons |
Total Pages | : 140 |
Release | : 2018-11-26 |
Genre | : Political Science |
ISBN | : 1509523294 |
Throughout the Western world, a whole generation is being priced out of the housing market. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream. Leading economist Josh Ryan-Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. The interaction of private home ownership and a lightly regulated commercial banking system leads to a feedback cycle. Unlimited credit and money flows into an inherently finite supply of property, which causes rising house prices, declining home ownership, rising inequality and debt, stagnant growth and financial instability. Radical reforms are needed to break the cycle. This engaging and topical book will be essential reading for anyone who wants to understand why they can’t find an affordable home, and what we can do about it.
Author | : Claire Priest |
Publisher | : Princeton University Press |
Total Pages | : 248 |
Release | : 2022-12-20 |
Genre | : Business & Economics |
ISBN | : 0691241724 |
How American colonists laid the foundations of American capitalism with an economy built on credit Even before the United States became a country, laws prioritizing access to credit set colonial America apart from the rest of the world. Credit Nation examines how the drive to expand credit shaped property laws and legal institutions in the colonial and founding eras of the republic. In this major new history of early America, Claire Priest describes how the British Parliament departed from the customary ways that English law protected land and inheritance, enacting laws for the colonies that privileged creditors by defining land and slaves as commodities available to satisfy debts. Colonial governments, in turn, created local legal institutions that enabled people to further leverage their assets to obtain credit. Priest shows how loans backed with slaves as property fueled slavery from the colonial era through the Civil War, and that increased access to credit was key to the explosive growth of capitalism in nineteenth-century America. Credit Nation presents a new vision of American economic history, one where credit markets and liquidity were prioritized from the outset, where property rights and slaves became commodities for creditors' claims, and where legal institutions played a critical role in the Stamp Act crisis and other political episodes of the founding period.
Author | : Josh Ryan-Collins |
Publisher | : Zed Books Ltd. |
Total Pages | : 306 |
Release | : 2017-02-28 |
Genre | : Business & Economics |
ISBN | : 1786991217 |
Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.
Author | : Patrick Honohan |
Publisher | : Cambridge University Press |
Total Pages | : 393 |
Release | : 2019-05-23 |
Genre | : Business & Economics |
ISBN | : 1108481892 |
Ireland's experience of Europe's most spectacular financial bubble, bust and recovery is narrated and dissected by a central banking insider.
Author | : Seamus McGraw |
Publisher | : Univ of TX + ORM |
Total Pages | : 330 |
Release | : 2020-08-11 |
Genre | : Nature |
ISBN | : 1477322655 |
“An important story not just about [Texas’s] water history, but also about its social, economic, and political identity” (Western Historical Quarterly). As a changing climate threatens the whole country with deeper droughts and more furious floods that put ever more people and property at risk, Texas has become a bellwether state for water debates. Will there be enough water for everyone? Is there the will to take the steps necessary to defend ourselves against the sea? Is it in the nature of Americans to adapt to nature in flux? The most comprehensive—and comprehensible—book on contemporary water issues, A Thirsty Land delves deep into the challenges faced not just by Texas but also by the nation, as we struggle to find a way to balance the changing forces of nature with our own ever-expanding needs. Part history, part science, part adventure story, and part travelogue, this book puts a human face on the struggle to master that most precious and capricious of resources, water. Seamus McGraw goes to the taproots, talking to farmers, ranchers, businesspeople, and citizen activists, as well as to politicians and government employees. Their stories provide chilling evidence that Texas—and indeed the nation—is not ready for the next devastating drought, the next catastrophic flood. Ultimately, however, A Thirsty Land delivers hope. This deep dive into one of the most vexing challenges facing Texas and the nation offers glimpses of the way forward in the untapped opportunities that water also presents. “A hard look at a hard problem: finding sufficient water to live in a place without much of it. . . . McGraw’s fine book serves as a useful guide. Observers of Western waterways will want to have this on their shelves alongside the likes of Marc Reisner and Charles Bowden.” —Kirkus Reviews “In stark prose that often gleams like a bone pile bleached in the sun, McGraw travels back and forth across Texas to give a free-ranging but deadeye view of the crisis on the horizon.” —Texas Monthly “It’s hard to write about the slow creep of environmental crises like drought without resorting to shock tactics or getting lost in the weeds . . . [McGraw] draws out the conflicts in compelling ways by drilling into the plight of individual water users. Even if you feel no connection to Texas, these stories are relevant to every part of the country.” —Outside “Interviewing both scientific experts and everyday water users, [McGraw] clearly delineates the competing interests, describes political and geological reality, and makes a compelling argument for statewide water policy that utilizes modern technology and fairly weighs parochial needs against the good of the whole.” —Arizona Daily Star, Southwest Books of the Year
Author | : Sarah L. Quinn |
Publisher | : Princeton University Press |
Total Pages | : 310 |
Release | : 2019-07-16 |
Genre | : Political Science |
ISBN | : 0691185611 |
How the American government has long used financial credit programs to create economic opportunities Federal housing finance policy and mortgage-backed securities have gained widespread attention in recent years because of the 2008 financial crisis, but issues of government credit have been part of American life since the nation’s founding. From the 1780s, when a watershed national land credit policy was established, to the postwar foundations of our current housing finance system, American Bonds examines the evolution of securitization and federal credit programs. Sarah Quinn shows that since the Westward expansion, the U.S. government has used financial markets to manage America’s complex social divides, and politicians and officials across the political spectrum have turned to land sales, home ownership, and credit to provide economic opportunity without the appearance of market intervention or direct wealth redistribution. Highly technical systems, securitization, and credit programs have been fundamental to how Americans determined what they could and should owe one another. Over time, government officials embraced credit as a political tool that allowed them to navigate an increasingly complex and fractured political system, affirming the government’s role as a consequential and creative market participant. Neither intermittent nor marginal, credit programs supported the growth of powerful industries, from railroads and farms to housing and finance; have been used for disaster relief, foreign policy, and military efforts; and were promoters of amortized mortgages, lending abroad, venture capital investment, and mortgage securitization. Illuminating America’s market-heavy social policies, American Bonds illustrates how political institutions became involved in the nation’s lending practices.
Author | : Anthony Downs |
Publisher | : |
Total Pages | : 216 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 9780874201192 |
"This book explains what happened and why and takes a look at the long-term consequences. Included are public policy responses and the role of the Federal Reserve; additional policy recommendations for the commercial real estate and housing sectors; scenarios for what may occur and what the impacts will be; and a discussion of the new financial era to come." --Book Jacket.
Author | : Olivier Blanchard |
Publisher | : MIT Press |
Total Pages | : 251 |
Release | : 2014-08-29 |
Genre | : Business & Economics |
ISBN | : 0262526824 |
Prominent economists reconsider the fundamentals of economic policy for a post-crisis world. In 2011, the International Monetary Fund invited prominent economists and economic policymakers to consider the brave new world of the post-crisis global economy. The result is a book that captures the state of macroeconomic thinking at a transformational moment. The crisis and the weak recovery that has followed raise fundamental questions concerning macroeconomics and economic policy. These top economists discuss future directions for monetary policy, fiscal policy, financial regulation, capital-account management, growth strategies, the international monetary system, and the economic models that should underpin thinking about critical policy choices. Contributors Olivier Blanchard, Ricardo Caballero, Charles Collyns, Arminio Fraga, Már Guðmundsson, Sri Mulyani Indrawati, Otmar Issing, Olivier Jeanne, Rakesh Mohan, Maurice Obstfeld, José Antonio Ocampo, Guillermo Ortiz, Y. V. Reddy, Dani Rodrik, David Romer, Paul Romer, Andrew Sheng, Hyun Song Shin, Parthasarathi Shome, Robert Solow, Michael Spence, Joseph Stiglitz, Adair Turner
Author | : Anders Åslund |
Publisher | : Peterson Institute |
Total Pages | : 159 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : 088132602X |
Latvia stands out as the East European country hardest hit by the global financial crisis; it lost approximately 25 percent of its GDP between 2008 and 2010. It was also the most overheated economy before the crisis. But in the second half of 2010, Latvia returned to economic growth. How did this happen so quickly? Current Latvian Prime Minister Valdis Dombrovskis, who shepherded Latvia through the crisis, and renowned author Anders slund discuss why the Latvian economy became so overheated; why an IMF and European Union stabilization program was needed; what the Latvian government did to resolve the financial crisis and why it made these choices; and what the outcome has been. This book offers a rare insider's look at how a national government responded to a global financial crisis, made tough choices, and led the country back to economic growth.