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Money, Trade and Finance: Recent Trends and Methodological Issues
by Theodore Pelagidis Ioanna T. Kokores Pantelis Pantelidis Demetrius YannelisThis book analyses several aspects on the efficient resource allocation in the aftermath of the global financial crisis and the European sovereign debt crisis. The main focus of the volume is on recent European Union (EU) experience highlighting the interrelation between inherent structural rigidities and practical limitations in the conduct of sound economic policy. Special reference is made to Greece (evidencing unprecedented experience), the EU periphery countries and the US. This book will be of interest to academic and central bank researchers, business practitioners (in consultancy and finance) and graduate students, as it is a good example of how scholarly dialogue can contribute to contemporary high-quality policy debate on sound liquidity provision and financial stability in the Eurozone, as well as the effective ways to combat recession in the EU periphery countries.
Money, Uncertainty and Time (Routledge International Studies In Money And Banking Ser.)
by Giuseppe FontanaThis excellent new book from one of the brightest young economists, Giuseppe Fontana, involves a compendium of issues surrounding uncertainty, money and time. Fontana shines a post Keynesian light onto statements and claims made by well-known neo-classical authors and as such leaves readers with an interesting and informative book to be read a
Money, Valuation and Growth: Conceptualizations and contradictions of the money economy (Routledge International Studies in Money and Banking)
by Hasse EkstedtWe have experienced an era of extreme anti-inflationary policy combined with debts and deficits, the result of which has been a decrease in social stability. This book examines how using mainstream theory as the basis for economic decisions leads to misunderstandings of central concepts of our economic reality. It aims to establish a better understanding of the discrepancies between the current mainstream economic theory and the economy experienced in business and politics. This ambitious and wide-ranging volume begins the project of rethinking the approach of economics to money. In this new light, concepts such as valuation, price, uncertainty, growth and aggregation are interpreted differently, even as analytical inconsistencies and even intrinsic contradictions between these concepts arise. A central theme of the book is the use of money as a measure and whether the disconnect between money as a form of measurement and money as it is used in the real world can be maintained. This book calls for a radical rethinking of the basis of much of the modern study of economics. It will be of interest to researchers concerned with monetary economics, finance, political economy and economic philosophy.
Money, You Got This: Easy to Implement Money Strategies So You Can Take Control of Your Business Finances and Create Your Dream Life
by Justin KraneWhen was the last time you cuddled with your money?It&’s time to get some QT in with your financial life and your business numbers.Out with the financial mumbo jumbo. In with funny stories that will teach you simple money strategies to use for your personal and business money.Did your Raisinets get stuck? Should guys get spray tans? Is your lettuce soggy? All of these crazy stories have money lessons in them.The stories are short and cute. They&’re easy to read and take action on. Open up and flip to any page to begin feeling more connected to your financial life. It will help you to be more intentional and live a more purposeful life.Get the shoes. Get your latte. It&’s time to live for today, and save for tomorrow. You need to have a balance. Why not be happy throughout your life!
Money, a Memoir: Women, Emotions, and Cash
by Liz PerleA “remarkable” and revealing account of one woman’s finances—and how women’s thoughts and feelings about money can wreak havoc on their lives (Publishers Weekly, starred review).Long ago, and not entirely consciously, Liz Perle made a quiet contract with cash: she would do what it took to get it—work hard, marry right—but she didn’t want to have to think about it too much. The subject of money had, since childhood, been quietly sidestepped, a shadowy factor whose private influence was impolite to discuss. This denial eventually exacted its price, however, when a divorce left Perle with no home, no job, and a four-year-old with a box of toys. She realized she could no longer afford to leave her murky and fraught relationship with money unexamined.What Perle discovered as she reassembled her life was that almost every woman she knew also subscribed to this strange code of discretion—even though it laced through their relationships with their parents, lovers, husbands, children, friends, coworkers, and communities. Women who were all too willing to tell each other about their deepest secrets or sexual assets still kept mum when it came to their financial ones.In Money, A Memoir, Perle attempts to break this silence, adding her own story to the anecdotes and insights of psychologists, researchers, and more than 200 “ordinary” women. It turned out that when money was the topic, most women needed permission to talk. The result is an insightful, unflinching look at the subtle yet commanding influence of money on our every relationship.“Profiles dozens of everyday women, spotlighting the anxiety, embarrassment and guilt money causes them. Commentary from financial experts, sociologists and others helps demonstrate Perle’s thesis: women cannot afford to be ambivalent about money and must learn to separate feelings from finance.” —Publishers Weekly (starred review)
Money-Driven Medicine: The Real Reason Health Care Costs So Much
by Maggie MaharWhy is medical care in the United States so expensive? For decades, Americans have taken it as a matter of faith that we spend more because we have the best health care system in the world. But as costs levitate, that argument becomes more difficult to make. Today, we spend twice as much as Japan on health care—yet few would argue that our health care system is twice as good.Instead, startling new evidence suggests that one out of every three of our health care dollars is squandered on unnecessary or redundant tests; unproven, sometimes unwanted procedures; and overpriced drugs and devices that, too often, are no better than the less expensive products they have replaced.How did this happen? In Money-Driven Medicine, Maggie Mahar takes the reader behind the scenes of a $2 trillion industry to witness how billions of dollars are wasted in a Hobbesian marketplace that pits the industry's players against each other. In remarkably candid interviews, doctors, hospital administrators, patients, health care economists, corporate executives, and Wall Street analysts describe a war of "all against all" that can turn physicians, hospitals, insurers, drugmakers, and device makers into blood rivals. Rather than collaborating, doctors and hospitals compete. Rather than sharing knowledge, drugmakers and device makers divide value. Rather than thinking about long-term collective goals, the imperatives of an impatient marketplace force health care providers to focus on short-term fiscal imperatives. And so investments in untested bleeding-edge medical technologies crowd out investments in information technology that might, in the long run, not only reduce errors but contain costs.In theory, free market competition should tame health care inflation. In fact, Mahar demonstrates, when it comes to medicine, the traditional laws of supply and demand do not apply. Normally, when supply expands, prices fall. But in the health care industry, as the number and variety of drugs, devices, and treatments multiplies, demand rises to absorb the excess, and prices climb. Meanwhile, the perverse incentives of a fee-for-service system reward health care providers for doing more, not less.In this superbly written book, Mahar shows why doctors must take responsibility for the future of our health care industry. Today, she observes, "physicians have been stripped of their standing as professionals: Insurers address them as vendors ('Dear Health Care Provider'), drugmakers and device makers see them as customers (someone you might take to lunch or a strip club), while . . . consumers (aka patients) are encouraged to see their doctors as overpaid retailers. . . . Before patients can reclaim their rightful place as the center—and indeed as the raison d'être—of our health care system," Mahar suggests, "we must once again empower doctors . . . to practice patient-centered medicine—based not on corporate imperatives, doctors' druthers, or even patients' demands," but on the best scientific research available.
Money-Making Candlestick Patterns
by Oliver L. Velez Steve PalmquistCandlesticks are one of the most widely used technical tools in trading. Designed to provide detailed, at-a-glance information, these charts are integrated into almost every web site and charting software solution. But, despite their popularity, the definitions of these candlestick patterns are often vague and misleading.Now, for the first time ever, Steve Palmquist hands you the secrets for effectively using candlestick patterns in all market conditions. Data that would take years to compile and years to interpret is now at your fingertips.Based on intensive back testing and research, Money-Making Candlestick Patterns shows how to appropriately use the most popular candlestick patterns in bull, bear, and sideways trends.Built from PROVEN FACTS, not theory, you'll learn:Clear definitions of each selected pattern to remove guesswork and improve performanceExactly what you need to know about back testing to increase your wins and minimize your lossesThe impact of various market conditions on the most powerful patterns to remove surprises and increase profitsKeys to eliminating common testing mistakes that can prevent you from making moneyThe candlestick pattern that has shown triple ROI in back testingThis book rigorously tests the assumptions inherent in standard candlestick pattern definitions. Each chapter breaks down the pattern to examine how parameters such as current volume, average volume, and price level will impact results.The definitions that most often produce profitable trades are identified and outlined with complete usage instructions for increasing your winning trade percentage.In this book, technician Steve Palmquist hands you his years of research. The information on back testing and the insight into your favorite patterns will give you a seasoned advantage in a fraction of the time. Thorough and efficiently organized, this book will allow you to use candlestick patterns to exploit every move the market makes.
Money-Making Mom
by Crystal PaineEntrepreneur, author, and popular blogger Crystal Paine shares the secrets of building income at home, using real life examples to from her own journey in becoming a money-making mom as well as the stories of other women from all walks of life. The nuts and bolts of how to make more money from home are revealed in clear steps that can be immediately and easily put into practice. But more than just a how-to book for earning extra income, The Money-Making Mom is a challenge to dream big and create a pathway for life. Paine offers examples and insights about what "finding your purpose" can look like in family, career, and service to others. Readers will find inspiration and hope for a life that's more than "just getting by," one driven by vision and the freedom to bless others generously.
Money-Savvy Kids: Parenting Penny-Wise Kids in a Money-Hungry World
by J. Raymond AlbrektsonYour children can learn to give generously, save wisely, and spend carefully-and you can teach them.Young children are captivated by Saturday morning television commercials pushing the next must-have toy. Older kids think they're losers if they don't keep up with the latest fashion trend. Young adults find themselves facing financial temptations-like the lure of credit cards-that seem too good to resist. Behind all these sales pitches lies the dangerous promise: "You can have it all-just buy now and pay later." Now, Money-Savvy Kids provides a workable strategy you can use-no matter what your financial history-to prepare your children for financial success today that will carry over into financial security for a lifetime.From the Trade Paperback edition.
Money: 5,000 Years of Debt and Power
by David Broder Michel Aglietta Pepita Ould Ahmed Jean-François PonsotThe major French economist offers a new theory of moneyAs the financial crisis reached its climax in September 2008, the most important figure on the planet was Federal Reserve chairman Ben Bernanke. The whole financial system was collapsing, with little to stop it. When a senator asked Bernanke what would happen if the central bank did not carry out its rescue package, he replied, “If we don’t do this, we may not have an economy on Monday.”What saved finance, and the Western economy, was fiscal and monetary stimulus – an influx of money, created ad hoc. It was a strategy that raised questions about the unexamined nature of money itself, an object suddenly revealed as something other than a neutral signifier of value. Through its grip on finance and the debt system, money confers sovereign power on the economy. If confidence in money is not maintained, crises follow. Looking over the last 5,000 years, Michel Aglietta explores the development of money and its close connection to sovereign power. This book employs the tools of anthropology, history and political economy in order to analyse how political structures and monetary systems have transformed one another. We can thus grasp the different eras of monetary regulation and the crises capitalism has endured throughout its history.
Money: A Story of Humanity
by David McWilliamsIn this groundbreaking book, renowned global economist David McWilliams unlocks the mysteries and the awesome power of money: what it is, how it works, and why it matters.The story of money is the story of our desires, our genius, and our downfalls. Money is power—and power beguiles. Nothing we&’ve invented as a species has defined our own evolution so thoroughly and changed the direction of our planet&’s history so dramatically. Money has shaped the very essence of what it means to be human. We can&’t hope to understand ourselves without it. And yet despite money&’s primacy, most of us don&’t truly understand it. As economist David McWilliams states, money is everything. &“Money defines the relationship between worker and employer, buyer and seller, merchant and producer. But not only that: it also defines the bond between the governed and the governor, the state and the citizen. Money unlocks pleasure, puts a price on desire, art and creativity. It motivates us to strive, achieve, invent and take risks. Money also brings out humanity&’s darker side, invoking greed, envy, hatred, violence and, of course, colonialism.&” Money isn&’t just paper or coins or virtual currency. Money is humanity. Leading economics expert, David McWilliams answers these questions and more in Money, an epic, breathlessly entertaining journey across the world through the present and the past, from the birthplace of money in ancient Babylon to the beginning of trade along the silk road to China, from Marrakech markets to Wall Street and the dawn of cryptocurrency. By tracking its history, McWilliams uncovers our relationship with money, transforming our perspective on its impact on the world right now. McWilliams is no dusty economist; he is a communicator at the highest level, a highly telegenic and marketable expert who is as comfortable in front of a large audience talking about his favourite subject as he is appearing on podcasts, social media, and even in stand-up comedy. He&’s been called Ireland&’s most important economist and is ranked among the leading economists working today. The story of money is the story of earth&’s most inventive, destructive, and dangerous animal: Homo sapiens. It is our story.
Money: A Story of Humanity
by David McWilliams*AS HEARD ON RADIO 4 BOOK OF THE WEEK* THE INTERNATIONAL #1 BESTSELLER SHORTLISTED FOR THE AN POST IRISH BOOK AWARDS 2024 NON-FICTION BOOK OF THE YEAR A WATERSTONES NON-FICTION BOOK OF THE YEAR 2024 AN OBSERVER BOOK OF THE YEAR 2024AN ECONOMIST BOOK OF THE YEAR 2024 A FINANCIAL TIMES ECONOMICS BOOK OF THE YEAR 2024 A PROSPECT BOOK OF THE YEAR 2024 &‘A breathtaking, expansive and imaginative ride through the history and future of money from an author who truly understands it&’ PROFESSOR BRIAN COX &‘Exceptional&’ FINANCIAL TIMES &‘A cracking book that is as enjoyable as it is readable&’ PETER FRANKOPAN &‘Equally entertaining and insightful&’ YANIS VAROUFAKIS _______________________________________________________ MONEY.The object of our desires.The engine of our genius.Humanity&’s greatest invention. Money is everything. It brings freedom and it takes it away. It inspires and corrupts us. But what is money? Is it the main thing holding us back from utopia or is it the one constant that&’s driven us to success? In his illuminating, entertaining and often surprising book, economist David McWilliams charts the relationship between humans and money – from clay tablets in Mesopotamia to coins in Ancient Greece, from mathematics in the medieval Arab world to the French Revolution, and from the emergence of the US dollar right up to today&’s cryptocurrency. Along the way, we meet a host of characters who have innovated with money, disrupting society and transforming the way we live. Like humanity, money is ever changing, adapting to its time and circumstances. The question is, over the last 5000 years, have we changed money or has money changed us? Money tells an astonishing new story of our species. Taking the reader on an epic journey through the history of money, McWilliams reveals its fundamental role in our society. _______________________________________________________ &‘An impressive journey that fizzes with facts&’ ECONOMIST &‘An eye-opening history of what makes the world go round&’ EVENING STANDARD &‘David McWilliams is the best explainer of economics I know&’ SIMON KUPER &‘Compelling, funny and original&’ KATJA HOYER &‘If, as David McWilliams complains, economists take the fun out of money, then he is the exception that proves the rule: a man who could not write a boring sentence if he tried&’ TOM HOLLAND
Money: Everything You Never Knew About Your Favorite Thing to Find, Save, Spend & Covet
by Sandra Choron Harry ChoronA lively, illustrated, trivia-packed volume about the subject that makes the world go round.Ever made a fast buck? How about traded cowrie shells for a bride or paid for gum with a $10,000 bill? This entertaining and information-packed miscellany explains our fascination with money and how it has shaped our world.Vintage photographs and artwork illustrate surprising facts, lists, and trivia about forgotten financial catastrophes and famous bank robbers, the history of bankruptcy and ancient money gods, wacky cash-related slang and get-rich-quick schemes for the ages. Witty and comprehensive, this valuable volume explores dollars and cents, pounds and pence, and the countless other forms of money.
Money: From the Power of Finance to the Sovereignty of the Peoples (Global University for Sustainability Book Series)
by Rémy HerreraWhat is money, where does it come from, what is its purpose? Does it increase national and international inequalities? Rémy Herrera’s book analyzes how the changes in the capitalist world system have consolidated, over the last decades, the supremacy of the U.S. dollar, but also how this hegemony has recently been challenged, both by rising State resistance initiatives and by the emergence of crypto-currencies, which raises many questions. Reviewing the situation of each continent, this book invites us to debate the liberation from the dollar domination, as well as the future of the euro, that of the CFA and CFP francs, of the Cuban peso or of the Chinese yuan, among others, but also the means to take in hand our collective future by mastering money.
Money: Interdisciplinary Perspectives From Economics, Sociology And Political Science (What is Political Economy? #Vol. 8)
by Geoffrey InghamFew economic phenomena provoke as much confusion as money. From the first measures of value and the physical coins that circulated at the dawn human civilization to the era of ‘virtual’ money transmitted through cyberspace, it is ubiquitous and hugely important, yet economists cannot even agree on what it is. In this pithy, accessible book, Geoffrey Ingham cuts through this tangled web of debate to bring rare clarity. Ingham begins by examining the fundamental debate over the nature of money: is it fundamentally a natural, ‘neutral’ measure of pre-existing value produced by ‘real’ economic forces? Or is it a socially produced and politically manipulated force that creates new value? He proceeds to trace the import of these competing views for how we understand our contemporary monetary systems and their practical and policy-related implications, from their role in financial crises to proposals for reform. Students of political economy, economic sociology and monetary economics will find this book an invaluable primer, as will general readers wishing to understand how money shapes their lives, from the cash in their pocket to the numbers on their computer screen.
Money: Know More, Make More, Give More: Learn how to make more money and transform your life
by Rob MooreContains over 5 hours of additional content exclusive to the audiobook.Money is a game you can win. First, understand the rules.True financial independence provides the opportunity to use money the way you'd like, look after your family and plan for your future. This book explains how money works, how to understand it better, and how to protect it once your bank balance starts growing.Providing a fascinating overview of the complex ways in which money impacts the world along with simple, implementable systems for earning more, investing wisely and saving better, this remarkable audiobook, by self-made millionaire and best-selling author Rob Moore, will show you how to make money and make your money work for you.If you're not where you want to be in your life, then it's time to close the gap between the money you earn and the lifestyle you want - and get on track to creating the success you deserve.Do you want to get to the stage - soon - where you are truly financially independent, able to use your money in the way you'd like, and be completely confident in your ability to take care of yourself and your family? That is a universal desire, but many of us regard wealth and financial independence as a goal which we'll likely never achieve - there are just too many bills that need paying and there is a widespread belief that the money game is rigged. Even people who win the lottery or inherit money often seem to wind up losing it. The evidence suggests you can't win a game that you don't understand - even if you start out winning - because you never understood the game in the first place.So how can you win with money? How can you create independent wealth and hold on to it? This inspiring audiobook by self-made multi-millionaire Rob Moore explains the rules of the game, shares simple tricks for managing money better, details how to create a plan for an ambitious future, and shows you the very best way to become a millionaire - to think and behave like one!(P) 2017 Hodder & Stoughton Limited
Money: Know More, Make More, Give More: Learn how to make more money and transform your life
by Rob MooreDo you want to get to the stage - soon - where you are truly financially independent, able to use your money in the way you'd like, and be completely confident in your ability to take care of yourself and your family? That is a universal desire, but many of us regard wealth and financial independence as a goal which we'll likely never achieve - there are just too many bills that need paying and there is a widespread belief that the money game is rigged. Even people who win the lottery or inherit money often seem to wind up losing it. The evidence suggests you can't win a game that you don't understand - even if you start out winning - because you never understood the game in the first place.So how can you win with money? How can you create independent wealth and hold on to it? This inspiring book by self-made multi-millionaire Rob Moore explains the rules of the game, shares simple tricks for managing money better, details how to create a plan for an ambitious future, and shows you the very best way to become a millionaire - to think and behave like one!
Money: The True Story of a Made-Up Thing
by Jacob GoldsteinThe co-host of the popular NPR podcast Planet Money provides a well-researched, entertaining, somewhat irreverent look at how money is a made-up thing that has evolved over time to suit humanity's changing needs.Money only works because we all agree to believe in it. In Money, Jacob Goldstein shows how money is a useful fiction that has shaped societies for thousands of years, from the rise of coins in ancient Greece to the first stock market in Amsterdam to the emergence of shadow banking in the 21st century.At the heart of the story are the fringe thinkers and world leaders who reimagined money. Kublai Khan, the Mongol emperor, created paper money backed by nothing, centuries before it appeared in the west. John Law, a professional gambler and convicted murderer, brought modern money to France (and destroyed the country's economy). The cypherpunks, a group of radical libertarian computer programmers, paved the way for bitcoin.One thing they all realized: what counts as money (and what doesn't) is the result of choices we make, and those choices have a profound effect on who gets more stuff and who gets less, who gets to take risks when times are good, and who gets screwed when things go bad.Lively, accessible, and full of interesting details (like the 43-pound copper coins that 17th-century Swedes carried strapped to their backs), Money is the story of the choices that gave us money as we know it today.
Money: Theory and Practice (Springer Texts in Business and Economics)
by Gerhard Illing Jin CaoThis textbook provides an introduction to modern monetary economics for advanced undergraduates, highlighting the lessons learned from the recent financial crisis. The book presents both the core New Keynesian model and recent advances, taking into account financial frictions, and discusses recent research on an intuitive level based on simple static and two-period models, but also prepares readers for an extension to a truly dynamic analysis. Further, it offers a systematic perspective on monetary policy, covering a wide range of models to help readers gain a better understanding of controversial issues. Part I examines the long-run perspective, addressing classical monetary policy issues such as determination of the price level and interaction between monetary and fiscal policy. Part II introduces the core New Keynesian model, characterizing optimal monetary policy to stabilize short-term shocks. It discusses rules vs. discretion and the challenges arising from control errors, imperfect information and robustness issues. It also analyzes optimal control in the presence of an effective lower bound. Part III focuses on modelling financial frictions. It identifies the transmission mechanisms of monetary policy via banking and introduces models with incomplete markets, principal-agent problems, maturity mismatch and leverage cycles, to show why investors’ and intermediaries’ own stakes play a key role in lending with pro-cyclical features. In addition, it presents a tractable model for handling liquidity management and demonstrates that the need to sell assets in crisis amplifies the volatility of the real economy. Lastly, the book discusses the relation between monetary policy and financial stability, addressing systemic risk and the role of macro-prudential regulation.
Money: Understandings and Misunderstandings
by Mohammad AshrafThis book clarifies some misunderstandings about money by tying the concept of money to the goods and services sector of the economy. In addition, it demystifies the process of money creation on the part of central banks. The phenomenon of money is ubiquitous; it has been around for tens of thousands of years, if not longer. Indeed, no modern economy could function without money. For many, however, the concept of money remains elusive. Worse still, misinformation abounds, which leaves the uninitiated vulnerable to fraud. This lack of understanding has serious policy implications as well. When policymakers lack a firm grasp of the concept, policy is likely to be flawed and its effects are likely to be detrimental to the body politic. After providing a brief history of money, the author details the role of money in the division of labor and specialization, in economic growth, and in an interconnected world. Throughout the book, he points out the pitfalls of fallacious thinking. In recent policy debates, such thinking has led to proposals ranging from the re-institution of the gold standard to supplying limitless money as suggested by Modern Monetary Theory.
Money: What It Is, How It’s Created, Who Gets It, and Why It Matters (Economics in the Real World)
by Sergio M. FocardiBy enabling the storage and transfer of purchasing power, money facilitates economic transactions and coordinates economic activity. But what is money? How is it generated? Distributed? How does money acquire value and that value change? How does money impact the economy, society? This book explores money as a system of "tokens" that represent the purchasing power of individual agents. It looks at how money developed from debt/credit relationships, barter and coins into a system of gold-backed currencies and bank credit and on to the present system of fiat money, bank credit, near-money and, more recently, digital currencies. The author successively examines how the money circuit has changed over the last 50 years, a period of stagnant wages, increased household borrowing and growing economic complexity, and argues for a new theory of economies as complex systems, coordinated by a banking and financial system. Money: What It Is, How It’s Created, Who Gets It and Why It Matters will be of interest to students of economics and finance theory and anyone wanting a more complete understanding of monetary theory, economics, money and banking.
Money: Whence It Came, Where It Went
by John Kenneth Galbraith James K. GalbraithMoney is nothing more than what is commonly exchanged for goods or services, so why has understanding it become so complicated? In Money, renowned economist John Kenneth Galbraith cuts through the confusions surrounding the subject to present a compelling and accessible account of a topic that affects us all. He tells the fascinating story of money, the key factors that shaped its development, and the lessons that can be learned from its history. He describes the creation and evolution of monetary systems and explains how finance, credit, and banks work in the global economy. Galbraith also shows that, when it comes to money, nothing is truly new—least of all inflation and fraud.
Money: Who Has How Much and Why
by Andrew HackerThe purpose of "Money" is to provide objective information on how much money Americans make and what they are actually worth. In doing so, it examines their sources of income, and how individuals and groups compare with one another. Its second aim is to explain why income, earnings and wealth end up as apportioned as they do. Combining keen insight with a flair for bringing a human dimension to facts and figures, bestselling author Andrew Hacker shows how the changing economy affects our lives. Here, Hacker's clear-eyed analysis illuminates the real results of women's fight for salary parity, the impact of affirmative action on the income of minorities; the effect immigration has on the job market, and much more.
MoneyBall Medicine: Thriving in the New Data-Driven Healthcare Market
by Harry Glorikian Malorye Allison BrancaHow can a smartwatch help patients with diabetes manage their disease? Why can’t patients find out prices for surgeries and other procedures before they happen? How can researchers speed up the decade-long process of drug development? How will "Precision Medicine" impact patient care outside of cancer? What can doctors, hospitals, and health systems do to ensure they are maximizing high-value care? How can healthcare entrepreneurs find success in this data-driven market? A revolution is transforming the $10 trillion healthcare landscape, promising greater transparency, improved efficiency, and new ways of delivering care. This new landscape presents tremendous opportunity for those who are ready to embrace the data-driven reality. Having the right data and knowing how to use it will be the key to success in the healthcare market in the future. We are already starting to see the impacts in drug development, precision medicine, and how patients with rare diseases are diagnosed and treated. Startups are launched every week to fill an unmet need and address the current problems in the healthcare system. Digital devices and artificial intelligence are helping doctors do their jobs faster and with more accuracy. MoneyBall Medicine: Thriving in the New Data-Driven Healthcare Market, which includes interviews with dozens of healthcare leaders, describes the business challenges and opportunities arising for those working in one of the most vibrant sectors of the world’s economy. Doctors, hospital administrators, health information technology directors, and entrepreneurs need to adapt to the changes effecting healthcare today in order to succeed in the new, cost-conscious and value-based environment of the future. The authors map out many of the changes taking place, describe how they are impacting everyone from patients to researchers to insurers, and outline some predictions for the healthcare industry in the years to come.
MoneyGPT: AI and the Threat to the Global Economy
by James RickardsFrom the New York Times bestselling author of The New Great Depression and Currency Wars, a telling prediction for how AI will endanger global economic markets and securityIn November 2022, OpenAI released GPT-4 in a chatbot form to the public. In just two months, it claimed 100 million users—the fastest app to ever reach this benchmark. Since then, AI has become an all-consuming topic, popping up on the news, in ads, on your messenger apps, and in conversations with friends and family. But as AI becomes ubiquitous and grows at an ever-increasing pace, what does it mean for the financial markets?In MoneyGPT, Wall Street veteran and former advisor to the Department of Defense James Rickards paints a comprehensive picture of the danger AI poses to the global financial order, and the insidious ways in which AI will threaten national security. Rickards shows how, while AI is touted to increase efficiency and lower costs, its global implementation in the financial world will actually cause chaos, as selling begets selling and bank runs happen at lightning speed. AI further benefits malicious actors, Rickards argues, because without human empathy or instinct to intervene, threats like total nuclear war that once felt extreme are now more likely. And throughout all this, we must remain vigilant on the question of whose values will be promoted in the age of AI. As Rickards predicts, these systems will fail when we rely on them the most.MoneyGPT shows that the danger is not that AI will malfunction, but that it will function exactly as intended. The peril is not in the algorithms, but in ourselves. And it&’s up to us to intervene with old-fashioned human logic and common sense before it&’s too late.