Common Wealth

The End of Poverty

Economic Possibilities for Our Time

Jeffrey D. Sachs

"Book and man are brilliant, passionate, optimistic and impatient . . . Outstanding." —The Economist The landmark exploration of economic prosperity and how the world can escape from extreme poverty for the world's poorest citizens, from one of the world's most renowned economists Hailed by Time as one of the world's hundred most influential people, Jeffrey D. Sachs is renowned for his work around the globe advising economies in crisis. Now a classic of its genre, The End of Poverty distills more than thirty years of experience to offer a uniquely informed vision of the steps that can transform impoverished countries into prosperous ones. Marrying vivid storytelling with rigorous analysis, Sachs lays out a clear conceptual map of the world economy. Explaining his own work in Bolivia, Russia, India, China, and Africa, he offers an integrated set of solutions to the interwoven economic, political, environmental, and social problems that challenge the world's poorest countries. Ten years after its initial publication, The End of Poverty remains an indispensible and influential work. In this 10th anniversary edition, Sachs presents an extensive new foreword assessing the progress of the past decade, the work that remains to be done, and how each of us can help. He also looks ahead across the next fifteen years to 2030, the United Nations' target date for ending extreme poverty, offering new insights and recommendations.

Peru's Path to Recovery

A Plan for Economic Stabilization and Growth

Carlos E. Paredes, Jeffrey D. Sachs

For the past fifteen years Peru has suffered a profound and lasting economic crisis that threatens the stability of the country's fragile democratic system. Economic mismanagement has led to plummeting per capita income, accelerating inflation an annualized rate of nearly 3,000 percent by 1989 and widespread social upheaval. This study by experts in the United States and Latin America offers a coherent proposal for economic stabilization and structural adjustment to restore economic growth but growth with equity to this distressed country. The contributors provide background analysis and thorough diagnosis of Peru's economic problems. They explain how inconsistent populist policies and the ensuing economic crisis have caused the standard of living to deteriorate dramatically, paving the way for significant expansion of social violence, political instability, and isolation from the international financial community. Peru's Path to Recovery offers an adjustment program that is sound but also is complemented by a social support program to assist the poor - those who have suffered the most from previous disadjustment. This combination makes the program both equitable and politically sustainable. With the inauguration of Alberto Fujimori, Peru has the opportunity to embrace a new economic strategy to stabilize the economy, curtail the extreme poverty, and reduce the massive unemployment and underemployment. Such a course will not be easy: patterns of government, business, and social behavior will have to change. But through such changes Peru can hope to become a stable, thriving country once more.

Building the New American Economy

Smart, Fair, & Sustainable

Jeffrey D. Sachs

The influential economist offers a persuasive strategy for a more just and sustainable economy—with a forward by Bernie Sanders. The New York Times has said that Jeffrey D. Sachs is "probably the most important economist in the world." Now, in a book that combines impassioned manifesto with a plan of action, Sachs charts a path to move America toward sustainable development. Sustainable development is a holistic approach to public policy that unifies economic, social, and environmental objectives. By focusing too much on short-term economic growth, the United States has neglected rising inequality and dire environmental threats—all while putting our long-term economic growth at risk. Sachs explores issues that have captivated national discourse, including infrastructure, trade deals, energy policy, the proper size and role of government, the national debt, and income inequality. In accessible language, he illuminates the forces at work in each case and presents specific policy solutions. His argument rises above the stagnation of partisanship to envision a brighter way forward both individually and collectively. "Sachs demonstrates expertise on vastly different policy fields and makes a convincing case that abdicating the toxic intersection of militarism and exceptionalism is key to building a brighter future."— Global Policy Journal

To Move the World

JFK's Quest for Peace

Jeffrey D. Sachs

An inspiring look at the historic foreign policy triumph of John F. Kennedy’s presidency—the crusade for world peace that consumed his final year in office—by the New York Times bestselling author of The Price of Civilization, Common Wealth, and The End of Poverty The last great campaign of John F. Kennedy’s life was not the battle for reelection he did not live to wage, but the struggle for a sustainable peace with the Soviet Union. To Move the World recalls the extraordinary days from October 1962 to September 1963, when JFK marshaled the power of oratory and his remarkable political skills to establish more peaceful relations with the Soviet Union and a dramatic slowdown in the proliferation of nuclear arms. Kennedy and his Soviet counterpart, Nikita Khrushchev, led their nations during the Cuban Missile Crisis, when the two superpowers came eyeball to eyeball at the nuclear abyss. This near-death experience shook both leaders deeply. Jeffrey D. Sachs shows how Kennedy emerged from the Missile crisis with the determination and prodigious skills to forge a new and less threatening direction for the world. Together, he and Khrushchev would pull the world away from the nuclear precipice, charting a path for future peacemakers to follow. During his final year in office, Kennedy gave a series of speeches in which he pushed back against the momentum of the Cold War to persuade the world that peace with the Soviets was possible. The oratorical high point came on June 10, 1963, when Kennedy delivered the most important foreign policy speech of the modern presidency. He argued against the prevailing pessimism that viewed humanity as doomed by forces beyond its control. Mankind, argued Kennedy, could bring a new peace into reality through a bold vision combined with concrete and practical measures. Achieving the first of those measures in the summer of 1963, the Partial Nuclear Test Ban Treaty, required more than just speechmaking, however. Kennedy had to use his great gifts of persuasion on multiple fronts—with fractious allies, hawkish Republican congressmen, dubious members of his own administration, and the American and world public—to persuade a skeptical world that cooperation between the superpowers was realistic and necessary. Sachs shows how Kennedy campaigned for his vision and opened the eyes of the American people and the world to the possibilities of peace. Featuring the full text of JFK’s speeches from this period, as well as striking photographs, To Move the World gives us a startlingly fresh perspective on Kennedy’s presidency and a model for strong leadership and problem solving in our time. Praise for To Move the World “Rife with lessons for the current administration . . . We cannot know how many more steps might have been taken under Kennedy’s leadership, but To Move the World urges us to continue on the journey.”—Chicago Tribune “The messages in these four speeches seem all too pertinent today.”—Publishers Weekly

New Approaches to the Latin American Debt Crisis

Jeffrey Sachs

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The End of Poverty

Economic Possibilities for Our Time

Jeffrey D. Sachs

"Book and man are brilliant, passionate, optimistic and impatient . . . Outstanding." —The Economist The landmark exploration of economic prosperity and how the world can escape from extreme poverty for the world's poorest citizens, from one of the world's most renowned economists Hailed by Time as one of the world's hundred most influential people, Jeffrey D. Sachs is renowned for his work around the globe advising economies in crisis. Now a classic of its genre, The End of Poverty distills more than thirty years of experience to offer a uniquely informed vision of the steps that can transform impoverished countries into prosperous ones. Marrying vivid storytelling with rigorous analysis, Sachs lays out a clear conceptual map of the world economy. Explaining his own work in Bolivia, Russia, India, China, and Africa, he offers an integrated set of solutions to the interwoven economic, political, environmental, and social problems that challenge the world's poorest countries. Ten years after its initial publication, The End of Poverty remains an indispensible and influential work. In this 10th anniversary edition, Sachs presents an extensive new foreword assessing the progress of the past decade, the work that remains to be done, and how each of us can help. He also looks ahead across the next fifteen years to 2030, the United Nations' target date for ending extreme poverty, offering new insights and recommendations.

Development as Freedom

Amartya Sen

The main purpose of development is to spread freedom and its thousand charms to the unfree citizens. The author explains how in a world of unprecedented increase in overall opulence, millions of people living in the Third World are still unfree. Even if they are not technically slaves, they are denied elementary freedom and remain imprisoned in one way or another by economic poverty, social deprivation, political tyranny or cultural authoritarianism.

The Anti-Politics Machine

'Development', Depoliticization and Bureaucratic Power in Lesotho

James Ferguson

Attributes Canadian withdrawal from the Thaba-Tseka rural development project largely to problems accompanying the expansion of state power ("etatization"). Includes an introductory literature survey on development planning and evaluation in general.

Losing Time

The Industrial Policy Debate

Otis L. Graham

The United States already has an Industrial Policy, says Otis Graham in this timely, well-written book. It is composed of many sector-specific policies of the federal government (such as airline deregulation and tariffs on Asian textiles), along with similar policies adopted in numerous states. These amount to a national Industrial Policy, but one which is uncoordinated and often harmful.

The Race Between Education and Technology

Claudia Dale Goldin, Lawrence F. Katz

This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth century. During the first eight decades of the twentieth century, the increase of educated workers was higher than the demand for them. This boosted income for most people and lowered inequality. However, the reverse has been true since about 1980. The authors discuss the complex reasons for this educational slow-down and what might be done to ameliorate it.

Let the Cowboy Ride

Cattle Ranching in the American West

Paul F. Starrs

A detailed and comprehensive look at one of America's most enduring institutions, this richly illustrated book combines the authentic detail of an insider's view (the author spent six years working on a cattle ranch on the high desert Great Basin range) with a scholar's keen eye for objective analysis. 130 photos & maps.

The Origin of Wealth

Evolution, Complexity, and the Radical Remaking of Economics

Eric D. Beinhocker

Over 6.4 billion people participate in a $36.5 trillion global economy, designed and overseen by no one. How did this marvel of self-organized complexity evolve? How is wealth created within this system? And how can wealth be increased for the benefit of individuals, businesses, and society? In The Origin of Wealth, Eric D. Beinhocker argues that modern science provides a radical perspective on these age-old questions, with far-reaching implications. According to Beinhocker, wealth creation is the product of a simple but profoundly powerful evolutionary formula: differentiate, select, and amplify. In this view, the economy is a "complex adaptive system" in which physical technologies, social technologies, and business designs continuously interact to create novel products, new ideas, and increasing wealth. Taking readers on an entertaining journey through economic history, from the Stone Age to modern economy, Beinhocker explores how "complexity economics" provides provocative insights on issues ranging from creating adaptive organizations to the evolutionary workings of stock markets to new perspectives on government policies. A landmark book that shatters conventional economic theory, The Origin of Wealth will rewire our thinking about how we came to be here--and where we are going.