Harsh Gupta

2017 Reprint of 1960 First Edition. Full facsimile of the original edition, not reproduced with Optical Recognition software. In the text Professor Rostow gives an account of economic growth based on a dynamic theory of production and interpreted in terms of actual societies. Five basic stages of economic growth are distinguished with detailed discussions of each stage including illustrative examples. Rostow also applies the concept of stages of growth to an examination of the problems of military aggression and the nuclear arms race. The final chapter includes a comparison of his non-communist manifesto with Marxist theory. Remains a classic text on the subject.

Rethinking fiscal and monetary policy in an economic environment of high debt and low interest rates. Policy makers in advanced economies find themselves in an unusual fiscal environment: debt ratios are historically high, and—once the fight against inflation is won—real interest rates will likely be very low again. This combination calls for a rethinking of the role of fiscal and monetary policy—and this is just what Olivier Blanchard proposes in Fiscal Policy under Low Interest Rates. There is a wide set of opinions about the direction that fiscal policy should take. Some, pointing to the high debt levels, make debt reduction an absolute priority. Others, pointing to the low interest rates, are less worried; they suggest that there is still fiscal space, and, if justified, further increases in debt should not be ruled out. Blanchard argues that low interest rates decrease not only the fiscal costs of debt but also the welfare costs of debt. At the same time, he shows how low rates decrease the room to maneuver in monetary policy—and thus increase the benefits of using fiscal policy, including deficits and debt, for macroeconomic stabilization. In short, low rates imply lower costs and higher benefits of debt. Having sketched what optimal policy looks like, Blanchard considers three examples of fiscal policy in action: fiscal consolidation in the wake of the Global Financial Crisis, the large increase in debt in Japan, and the current US fiscal and monetary policy mix. His conclusions hold practical implications for economic and fiscal policy makers, bankers, and politicians around the world.

"A Magisterial work by Neelakandan to understand what Hindutva actually is and stands for." - Dr. Vikram Sampath "I have long admired Aravindan Neelakandan as one of the very few Indian thinkers who appreciate and acknowledge Western-derived science and modernity, while simultaneously remaining authentically grounded in Hindu tradition. There have been many books on the history of Hinduism and Hindutva, but this one is different, and significant, because it (correctly) takes a step back and identifies that our current situation is part of a global bio-psycho-sociological churn, something playing out over millennia, far beyond the lifespans of any one individual or organization or state. Aravindan, at his core, is a nature-lover and a scientist, and it is this perspective that suffuses this book and makes it special. While there is plenty of ground-breaking content within this expansive, encyclopedic book, I believe the sections on the neurobiological connections of Hindu meditative and ritual practice, which tie the history of Hinduism to the broader evolutionary inheritance of the human species, are going to be very impactful in the years to come." - Dr Anand Venkatraman Neuroscientist

Byzantium has recently attracted much attention, but principally among cultural, social and economic historians. This book shifts the focus to intellectual history, exploring the thoughts of visionary reformer Gemistos Plethon (c.1355–1452). It argues that Plethon brought to their fulfilment latent tendencies among Byzantine humanists towards a distinctive anti-Christian and pagan outlook. His magnum opus, the pagan Nomoi, was meant to provide an alternative to and escape-route from the polarity of the Orthodoxy of Gregory Palamas and Thomism. It was also a groundbreaking reaction to the bankruptcy of a pre-existing humanist agenda and to aborted attempts at the secularisation of the State, whose cause Plethon had himself championed in his two utopian Memoranda. Inspired by Plato, Plethon's secular utopianism and paganism emerge as the two sides of a single coin. On another level, the book challenges anti-essentialist scholarship that views paganism and Christianity as social and cultural constructions.

Why are some countries rich and others poor? In 1500, global income differences were small, but disparities have grown dramatically since Columbus reached America. In this Very Short Introduction, Robert C. Allen shows how the interplay of geography, globalization, technological change, and economic policy has determined the wealth and poverty of nations. Allen shows how the industrial revolution was Britain's path-breaking response to the challenge of globalization. Western Europe and North America joined Britain to form a club of rich nations, pursuing four polices--creating a national market by abolishing internal tariffs and investing in transportation, erecting an external tariff to protect their fledgling industries from British competition, creating banks to stabilize the currency and mobilize domestic savings for investment, and promoting mass education to prepare people for industrial work. Together these countries pioneered new technologies that have made them ever richer. A few countries--Japan, Soviet Russia, South Korea, Taiwan, and perhaps China--have caught up with the West through creative responses to the technological challenge and with Big Push industrialization that has achieved rapid growth through coordinated investment.

Profiles two formerly mutually exclusive groups of people--the business-driven bourgeois and the intellectually driven artistic bohemians--noting how in the last decade they have merged to create a single social ethos.

Today, nations increasingly carry out geopolitical combat through economic means. Policies governing everything from trade and investment to energy and exchange rates are wielded as tools to win diplomatic allies, punish adversaries, and coerce those in between. Not so in the United States, however. America still too often reaches for the gun over the purse to advance its interests abroad. The result is a playing field sharply tilting against the United States. In a cogent analysis of why the United States is losing ground as a world power and what it can do to reverse the trend, War by Other Means describes the statecraft of geoeconomics: the use of economic instruments to achieve geopolitical goals. Geoeconomics has long been a lever of America’s foreign policy. But factors ranging from U.S. bureaucratic politics to theories separating economics from foreign policy leave America ill prepared for this new era of geoeconomic contest, while rising powers, especially China, are adapting rapidly. The rules-based system Americans set in place after World War II benefited the United States for decades, but now, as the system frays and global competitors take advantage, America is uniquely self-constrained. Its geoeconomic policies are hampered by neglect and resistance, leaving the United States overly reliant on traditional military force. Drawing on immense scholarship and government experience, Robert Blackwill and Jennifer Harris show that if America’s policies are left uncorrected, the price in American blood and treasure will only grow. What geoeconomic warfare requires is a new vision of U.S. statecraft.

NATIONAL BESTSELLER • A deeply engaging history of how European settlements in the post-Colombian Americas shaped the world—from the highly acclaimed author of 1491. • "Fascinating...Lively...A convincing explanation of why our world is the way it is." —The New York Times Book Review Presenting the latest research by biologists, anthropologists, archaeologists, and historians, Mann shows how the post-Columbian network of ecological and economic exchange fostered the rise of Europe, devastated imperial China, convulsed Africa, and for two centuries made Mexico City—where Asia, Europe, and the new frontier of the Americas dynamically interacted—the center of the world. In this history, Mann uncovers the germ of today's fiercest political disputes, from immigration to trade policy to culture wars. In 1493, Mann has again given readers an eye-opening scientific interpretation of our past, unequaled in its authority and fascination.