Mindful Economics
How the U.S. Economy Works, Why it Matters, and How it Could Be Different
Table of Contents
Introduction
Chapter 1 Economic Systems
Institutions
Basic Economic Processes: Production, Distribution and Consumption
Capitalism
Socialism and Pluralism
Conclusion
Chapter 2 The Cash Nexus: Households, Corporations and the Market System
The Market System
Households
Businesses
The Corporation
The History of the Corporation is the History of Capitalism
Conclusion
Chapter 3 Conflict in the Cash Nexus: Labor Unions and Business Associations
The Myth of Laissez Faire
Monopolies, Trusts and Business Associations
Popular Opposition
Business Associations
Labor Unions
Conclusion
Chapter 4 Government and the Ascent of Capitalism
Government and the Construction of the Capitalist System
Government as a Forum for Democracy
Government and Public Services
Government Fiscal Policy
Conclusion
Chapter 5 The U.S. Financial System Part I: Money and Banks
Financial System's Sources and Uses of Money
The Financial Economy and the Real Economy
Money
Coins and Paper Currency
The Tortured History of American Money
American Depository Institutions
The Federal Reserve System, "The Fed"
Conclusion: Money and Democracy
Chapter 6 The U.S. Financial System Part II: Wall Street, Stocks and Bonds
Corporate Capitalization and Investment Banks
Stocks
Stock Classifications and Indexes
Stock Valuation
Stock Markets and Stock Trades
Institutional Investors
Bonds
Government and Corporate Bonds
Conclusion: Wall Street and Capitalism
Chapter 7 America's Umbilical Cord: The International Economy
The Internationalization of Economic Activity
Global Economic Institutions
American Trade Deficits and Debt
Conclusion
Chapter 8 The U.S. Capitalist Machine
Key Economic Indicators
Business Cycles
Post World War II Business Cycles
Conclusion: The Capitalist Machine and the Well-Being of the Population
Chapter 9 The Growth Imperative: Prosperity or Poverty
Consumerism: Nurture not Nature
Throughput and Limits
The Growth Imperative and the Depletion of Non-Renewable Resources
The Growth Imperative and Global Warming
The Growth Imperative and a Plutonium Economy
The Growth Imperative and the Overuse of Renewable Resources
The Fallacy of the Technological Fix
Conclusion: Prosperity or Poverty of Growth
Chapter 10 Sweet Delight and Endless Night: Polarization in America
Measuring Economic Inequality
Causes of Income Inequality
Monopsony Capitalism
Political Inequality
Information Inequality in Commercial Media
Conclusion
Chapter 11 Financial Market Instability
Speculation and the Pattern of Financial Market Instability
Early Signs in Biblical Times
Tulip Mania of 17th Century Holland
South Sea and Mississippi Bubbles
Speculation and Industrial Capitalism
The Crash of 1929
Booms and Busts at the Turn of the Third Millennium
Conclusion
Chapter 12 The Mindful Economy, Part I: Redrawing the Institutional Map
Mindfulness
Values-Based Core Principles of a Mindful Economy
Institutional Embeddedness
Conclusion
Chapter 13 The Mindful Economy, Part II: Mindful Ownership and Mindful Finance
From Globalization to Localization
Non-Capitalist Cooperatives
Principles for Cooperative Governance
Starting a Cooperative
Small Business and Public Enterprise
The Mindful Economy and Community-Based Money and Finance
Conclusion
Chapter 14 The Mindful Economy, Part III: Mindful Economics and Sustainable Practices
Environmental Sustainability
The "Three Es" of Sustainable Development
Sustainable Practices
Win-Win-Win Fallacies
Conclusion
Conclusion
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