Peter Temin is an economist and economic historian whose work delves deeply into the industrial development and economy of the 19th century. His early studies, grounded in intense empirical research, focused on key aspects of the American economy, including the iron and steel industry. Temin analyzed the economic impact of slavery and examined the causal factors of economic growth. His writings offer profound insights into the shaping of modern economies, valued for their thoroughness and analytical depth.
This book offers an analysis of the economic consequences of the Bank War of the 1830s. Temin examines the factors that led to the Bank War and its impact on inflation and economic growth. He also discusses the political and social consequences of the Bank War, including the rise of the Whig party and the emergence of a new class of entrepreneurs.
Selected for its cultural significance, this work contributes to the foundational knowledge of civilization. It holds importance in scholarly discussions, highlighting key themes and ideas that have shaped historical and contemporary thought.
Focusing on the economic history of the United States, this book highlights the overlooked contributions and struggles of Black Americans. It critiques the narrative surrounding the past four years, particularly the absence of discussions on racism in economic contexts. By examining the brief period of Reconstruction, the impact of Jim Crow laws, and the decline of the Civil Rights Movement, the author argues for the necessity of lasting integration efforts to ensure equal opportunities for Black Americans. The work aims to provide a more inclusive understanding of America's economic landscape.
In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor.
What modern economics can tell us about ancient Rome The quality of life for ordinary Roman citizens at the height of the Roman Empire probably was better than that of any other large group of people living before the Industrial Revolution. The Roman Market Economy uses the tools of modern economics to show how trade, markets, and the Pax Romana were critical to ancient Rome's prosperity. Peter Temin, one of the world's foremost economic historians, argues that markets dominated the Roman economy. He traces how the Pax Romana encouraged trade around the Mediterranean, and how Roman law promoted commerce and banking. Temin shows that a reasonably vibrant market for wheat extended throughout the empire, and suggests that the Antonine Plague may have been responsible for turning the stable prices of the early empire into the persistent inflation of the late. He vividly describes how various markets operated in Roman times, from commodities and slaves to the buying and selling of land. Applying modern methods for evaluating economic growth to data culled from historical sources, Temin argues that Roman Italy in the second century was as prosperous as the Dutch Republic in its golden age of the seventeenth century. The Roman Market Economy reveals how economics can help us understand how the Roman Empire could have ruled seventy million people and endured for centuries.
Why Keynes is relevant to today's global economic crisis, and how Keynesian ideas can point the way to renewed economic growth. As the global economic crisis continues to cause damage, some policy makers have called for a more Keynesian approach to current economic problems. In this book, the economists Peter Temin and David Vines provide an accessible introduction to Keynesian ideas that connects Keynes's insights to today's global economy and offers readers a way to understand current policy debates. They survey economic thinking before Keynes and explain how difficult it was for Keynes to escape from conventional wisdom. They also set out the Keynesian analysis of a closed economy and expand the analysis to the international economy, using a few simple graphs to present Keynes's formal analyses in an accessible way. Finally, they discuss problems of today's world economy, showcasing the usefulness of a simple Keynesian approach to current economic policy choices. Keynesian ideas, they argue, can lay the basis for a return to economic growth.
Without a detailed description available, it's challenging to provide a specific summary. However, "Taking Your Medicine" likely explores themes related to healthcare, medication management, or the experiences of patients navigating the medical system. The book may delve into personal stories, practical advice, or broader discussions about health and wellness.
The book delves into the complex events leading to the breakup of AT&T, highlighting it as the largest corporate reorganization in history. It explores the interplay between intentional strategies and unforeseen developments within the company. Additionally, the study sheds light on the internal decision-making processes of a major corporation and examines the influence of both private and public interests on corporate and public policy in late twentieth-century America.
The 14th editon of this text is based on the results of extensive research and features some major changes. Microeconomics is now covered before macroeconomics to encourage the concepts of microeconomic foundations. There is a focus on rediscovering the power of the market, giving special attention to the changes in Eastern Europe. The book places emphasis on the open economy with continued increase in global economics and the interaction between international trade and domestic economic events. It aims to present a balanced treatment of all the major schools of modern macroeconomic theories, using real world experiences and policies to illustrate the fundamentals of economic principles.
