Vintage Clinton, with provocative if generally evenhanded solutions to the economic crisis and political stalemate plaguing...

BACK TO WORK

WHY WE NEED SMART GOVERNMENT FOR A STRONG ECONOMY

The former president and bestselling author comes out swinging on the economic front.

He does so, it seems, a touch reluctantly. Clinton (Giving, 2007, etc.) writes that he had conceived this book but then shelved it several times “because politics is no longer the center of my working life”—and, he continues, “I don’t just want to add another stone to the Democratic side of the partisan scale.” An apolitical, nonpartisan Clinton? Fat chance, and here, with considerable appetite, he tears into the antigovernment opposition, the ones who assert, with Ronald Reagan, that government is part of the problem, if not the problem. Nonsense, Clinton argues: Government has many roles, not least an economic one in assuring that the political and social conditions are fitting to a robust economy. Besides, he writes, despite what that opposition is saying, the recent banking meltdown happened because the banks were overleveraged. The government helped avert a full-scale depression, and the stimulus helped “put a floor under the collapse and begin the recovery.” The opposition—he keeps returning to it—may appear to be antigovernment, but it’s really antitax and antiregulation, two things that simply don’t make sense in the current economic climate. In good political form, Clinton begins with generalities about what a good country this could be and what’s wrong with it—all those antigovernment talking heads, for one thing, who “already have the answers, and the fact that the evidence doesn’t support them is irrelevant.” Happily, though, he moves on to pointed specifics, some honed in policy-wonkish detail—on, for example, relaxing mortgage debt, developing a renewable energy regime and getting small businesses into the exporting game (“This is what Germany does”).

Vintage Clinton, with provocative if generally evenhanded solutions to the economic crisis and political stalemate plaguing the country.

Pub Date: Nov. 8, 2011

ISBN: 978-0-307-95975-1

Page Count: 208

Publisher: Knopf

Review Posted Online: Nov. 8, 2011

Kirkus Reviews Issue: Nov. 15, 2011

Did you like this book?

No Comments Yet

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

GOOD ECONOMICS FOR HARD TIMES

“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.

It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

Pub Date: Nov. 12, 2019

ISBN: 978-1-61039-950-0

Page Count: 432

Publisher: PublicAffairs

Review Posted Online: Aug. 29, 2019

Kirkus Reviews Issue: Sept. 15, 2019

Did you like this book?

This moving, potent testament might have been titled “Black Lives Matter.” Or: “An American Tragedy.”

Reader Votes

  • Readers Vote
  • 13

Our Verdict

  • Our Verdict
  • GET IT

  • Kirkus Reviews'
    Best Books Of 2015

  • Kirkus Prize
  • Kirkus Prize
    winner

  • New York Times Bestseller

  • IndieBound Bestseller

  • Pulitzer Prize Finalist

  • National Book Award Winner

BETWEEN THE WORLD AND ME

NOTES ON THE FIRST 150 YEARS IN AMERICA

The powerful story of a father’s past and a son’s future.

Atlantic senior writer Coates (The Beautiful Struggle: A Father, Two Sons, and an Unlikely Road to Manhood, 2008) offers this eloquent memoir as a letter to his teenage son, bearing witness to his own experiences and conveying passionate hopes for his son’s life. “I am wounded,” he writes. “I am marked by old codes, which shielded me in one world and then chained me in the next.” Coates grew up in the tough neighborhood of West Baltimore, beaten into obedience by his father. “I was a capable boy, intelligent and well-liked,” he remembers, “but powerfully afraid.” His life changed dramatically at Howard University, where his father taught and from which several siblings graduated. Howard, he writes, “had always been one of the most critical gathering posts for black people.” He calls it The Mecca, and its faculty and his fellow students expanded his horizons, helping him to understand “that the black world was its own thing, more than a photo-negative of the people who believe they are white.” Coates refers repeatedly to whites’ insistence on their exclusive racial identity; he realizes now “that nothing so essentialist as race” divides people, but rather “the actual injury done by people intent on naming us, intent on believing that what they have named matters more than anything we could ever actually do.” After he married, the author’s world widened again in New York, and later in Paris, where he finally felt extricated from white America’s exploitative, consumerist dreams. He came to understand that “race” does not fully explain “the breach between the world and me,” yet race exerts a crucial force, and young blacks like his son are vulnerable and endangered by “majoritarian bandits.” Coates desperately wants his son to be able to live “apart from fear—even apart from me.”

This moving, potent testament might have been titled “Black Lives Matter.” Or: “An American Tragedy.”

Pub Date: July 8, 2015

ISBN: 978-0-8129-9354-7

Page Count: 176

Publisher: Spiegel & Grau

Review Posted Online: May 6, 2015

Kirkus Reviews Issue: July 1, 2015

Did you like this book?

more