LEADER 05997nam 22007215 450 001 9910298510903321 005 20200919081157.0 010 $a3-319-10055-6 024 7 $a10.1007/978-3-319-10055-5 035 $a(CKB)3710000000306000 035 $a(EBL)1968032 035 $a(OCoLC)898005810 035 $a(SSID)ssj0001385912 035 $a(PQKBManifestationID)11767070 035 $a(PQKBTitleCode)TC0001385912 035 $a(PQKBWorkID)11348751 035 $a(PQKB)11688294 035 $a(DE-He213)978-3-319-10055-5 035 $a(MiAaPQ)EBC1968032 035 $a(PPN)183096762 035 $a(EXLCZ)993710000000306000 100 $a20141127d2015 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aGreat Nations at Peril /$fedited by Jürgen Backhaus 205 $a1st ed. 2015. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2015. 215 $a1 online resource (175 p.) 225 1 $aThe European Heritage in Economics and the Social Sciences,$x1572-1744 ;$v17 300 $aDescription based upon print version of record. 311 $a3-319-10054-8 320 $aIncludes bibliographical references. 327 $a""Contents""; ""Contributors""; ""Chapter-1""; ""Troubling Thoughts in Troubled Times""; ""References""; ""Chapter-2""; ""Troubles on Statistical Lies""; ""Introduction""; ""Statistical Background of Political Decisions""; ""Duties and Responsibilities of Governmental Policy""; ""Statistical Data""; ""Mysterious Language of Statistics""; ""Peculiarities of Statistics""; ""Census""; ""Income Statistics""; ""Graphs""; ""The Average""; ""Arithmetic Mean""; ""Mode""; ""Median""; ""Statistical Inquiry""; ""Endogenous or Exogenous Variable?"" 327 $a""Credit as a Tool of Power""""Why Are Great Nations Creditworthy?""; ""Renewed Interest in Friedrich Lista???s Insights""; ""Building a Competitive National Economy""; ""Lacking Productive Force""; ""An Agricultural America in Crisis""; ""Agricultural Nations Suffer More Often from Disrupting Crises""; ""Stabilitya???Protection of Home Markets""; ""Global Trade Imbalances and National Performance""; ""Balance of Trade and Quality Labour""; ""Trade Imbalancesa???the Mercantilists, Smith and List""; ""Balance of Tradea???American and Russian Experiences""; ""Deficitsa???Creating Dependency"" 327 $a""Imperial Strategya???and Revival""""Hot Money Caused Debt and Bondage""; ""English Dumping and Export of Commercial Crisis""; ""The Merchant Interest""; ""A Magnificent Servant and Deceitful Mistressa???Capital Flight""; ""Productive Considerations Must Dominate Financea???Not the Way Around""; ""The Need for Regulation of Finance""; ""Protection Furthers Incentives""; ""a???Exploiting Imperialisma???""; ""Innovative International Financea???And Then?""; ""A Two-Currency System?""; ""References""; ""Chapter-5"" 327 $a""Austerity Versus Productive Investment: Two Traditions in Capital Formation and Growth""""Friedrich Lista???s Criticism of Adam Smitha???s Materialism and Barter-Based View of Capital""; ""Introduction""; ""Poor Old Solutions""; ""Delayed Understanding""; ""Materialism Ignores Mental Powers""; ""Material Capitala???Less Important""; ""Physiocratic Materialism: No-Money, Barter Economics""; ""Counterproductive Saving""; ""Productive State Credit""; ""Money Creationa???Gold or Paper?""; ""Money Creationa???Private and Public?""; ""The Not-So-Innovative Keynes"" 327 $a""Mobilising Capital into Nurturing Quality Labour"" 330 $aThis book was prompted by the current, lingering financial crisis, which has its basis in the disorderly financial practices of the United States. These practices have resulted in an accumulated debt which now requires the United States to run financial policies at artificially low interest rates. In principle, these low interest rates should flood the markets with ready money. Since the spread for banks is very thin, however, and they must carefully discriminate between available risks and finance only those propositions with no risk, credit is not abundantly available. With staggering foreign debt and a myriad of other perils looming, this great nation is at peril for sure. In the tradition of the Heilbronn Symposium, the authors look at historical cases as a means of understanding the current situation and informing possible solutions to a problem that continues to affect the global economy. The volume analyzes cases such as Prussia, Greece, Italy, Estonia, and the European Union. This book will be of interest to scholars and students of economic history as well as policy makers who may benefit from an historical understanding of the economic challenges their countries currently face. 410 0$aThe European Heritage in Economics and the Social Sciences,$x1572-1744 ;$v17 606 $aEconomic history 606 $aEconomic policy 606 $aMacroeconomics 606 $aHistory of Economic Thought/Methodology$3https://scigraph.springernature.com/ontologies/product-market-codes/W28000 606 $aEconomic Policy$3https://scigraph.springernature.com/ontologies/product-market-codes/W34010 606 $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000 615 0$aEconomic history. 615 0$aEconomic policy. 615 0$aMacroeconomics. 615 14$aHistory of Economic Thought/Methodology. 615 24$aEconomic Policy. 615 24$aMacroeconomics/Monetary Economics//Financial Economics. 676 $a338.542 702 $aBackhaus$b Jürgen$4edt$4http://id.loc.gov/vocabulary/relators/edt 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910298510903321 996 $aGreat Nations at Peril$92532971 997 $aUNINA