Tag Archive for 'economics'

New Stuff Tuesday – November 10

The Mom & Pop Store

The Mom & Pop Store:
How the Unsung Heroes of the American
Economy Are Surviving & Thriving
By Robert Spector
HD62.27 .S64 2009
New Book Island, 2nd floor

The economic turbulence that our country is facing has put pressure on every corner of society, from the large corporations to the municipalities to the small businesses. Over the last several years, there has been a push to shop local, with organizations marketing to their fellow neighbors about the virtues of supporting communities. This week’s featured title puts the heart of the local economy in the spotlight in these difficult times.

Spector, business journalist and bestselling author, travels down America’s Main Streets to take the pulse of the nation’s economy and (surprisingly) finds it alive and beating quickly. The author provides snapshots of small business and localism movement around the country, from a bookstore on the West Coast to a deli on the East Coast and everywhere in between. While the present day is the main theme of the work, Spector brings in the history of independent merchants and their economic contributions to the growth of the colonial era. He also integrates his own stories of growing up with the family business.

New Stuff Tuesday – October 20

Our Lot

Our Lot:
How Real Estate Came to Own Us
By Alyssa Katz
HD1375 .K348 2009
New Book Island, 2nd floor

The housing market these days has a lot of people worried and waiting for an economic recovery to make the next move. The real estate bubble and subsequent implosion put individuals and corporations in dire situations. This week’s featured title looks at the factors that contributed to the crash of the American dream of home ownership.

Katz, journalism instructor at New York University, examines the housing market and how we got to where we are now. The author focuses on all of the players involved, from the government to the bankers to community activists, that created the crisis that we’re currently experiencing. She writes about a somewhat complicated subject in a very accessible style and even includes a glossary of real estate terms just in case. Furthermore, she does provide notes and sources for further research.

New Stuff Tuesday – August 11

The $12 Million Stuffed Shark

The $12 Million Stuffed Shark:
The Curious Economics of Contemporary Art
By Don Thompson
N6490 .T525 2008
New Book Island, 2nd floor

Have you ever wondered how they came up with the price of a work of art? You see it in the news that this painting has gone for a record sum of money, but then you wonder, ‘They paid WHAT?! They must be out of their minds!’ What factors control the demand for art – the creator? the circumstances? the mood of the agent? This week’s featured title can probably provide a few answers for you concerning the mysterious art world.

Thompson, marketing & economics professor at York University, takes you into a world that most people can only dream of experiencing – the contemporary art scene. The author examines the artists that produce the extravagant pieces of art; the agents and auction houses responsible for convincing individuals to pony up the dough for their client’s creative endeavors; and the aforementioned souls forking over the money for the privilege of displaying the art in their personal galleries. It’s a convergence of art, economics and psychology that keeps you entertained with Thompson’s excellent knowledge of the subject matter. Anyone interested in contemporary art, from either the aesthetic or business perspective, should read this book.

OECD economic and development data

The Organisation for Economic Co-operation and Development’s goals are to support sustainable economic growth, boost employment, raise living standards, maintain financial stability, assist other countries’ economic development, and contribute to growth in world trade.

OECD economic survey coverIn support of its goals the OECD collects and publishes large amounts of economic data on countries. Many business and economics faculty and students already are familiar with the OECD economic surveys for countries and regions (copies in the 2nd-floor International Documents, OECD, collection at call no. OECD 10/). A title search in the Library Catalog for OECD economic surveys will display a list of the countries, and links are provided to see those that are available online.) But I never thought much about the “development” side of this organization’s name before.

OECD development report coverThe OECD’s Development Assistance Committee publishes an annual Development Co-operation Report. (Recent reports have also been the first issue of the OECD Journal on Development. Print copies, including 2009, are in the Library’s 2nd-floor International Documents, OECD, collection at call no. OECD 43/3/ and earlier years are also online via the ABI/Inform database). This report provides “data on, and analysis of, the latest trends in international aid.”

It would be no surprise to read that it’s a tough climate for international aid right now. In fact, as it’s summed up in the 2009 report, “2008 was a year of crises: the food crisis, the fuel crisis and the financial crisis. These were all crises of globalisation; all were played out at the global level.” As countries grapple with these crises it is possible that the financial crisis may lead to an aid crisis as well. Furthermore, the 2009 report warns that increasing fragmentation (increasing numbers of donors and aid agencies) leads to inefficiencies, and a lack of focus and effectiveness. A recipient country may be dealing with numerous aid entities, and efforts may be wastefully duplicative, contradictory or even cancel each other out. Other issues exacerbated by this fragmentation are concentration of aid (which countries receive it) and control over how it is used.

There have been recent efforts to reform aid. Read the Paris Declaration on Aid Effectiveness (adopted 2005) and the Accra Agenda for Action (2008), which call for measures such as greater determination by recipient countries for how aid needs to be used to meet their goals.

Bottom Billion coverThere are, of course, many articles, videos, and books on aid also. For example, the 2007 OECD Development Co-operation Report mentioned a book called The bottom billion: why the poorest countries are failing and what can be done about it (3rd-floor Main Collection, HC 79.P6 C634 2007). A search of the library catalog for the subject keyword “economic assistance” would display a list of subjects containing this phrase, from which you could choose to find books and government documents such as African development: making sense of the issues and actors (3rd-floor Main Collection HC800 .M6775 2007), Commission for Africa: recommendations for a coherent strategy for Africa: hearing before the Committee on Foreign Relations, United States Senate, One Hundred Ninth Congress, first session, May 17, 2005 (2nd-floor US Documents, Y 4.F 76/2:S.HRG.109-203), and Economic recovery in Africa: the role of the IMF (2nd-floor Browsing VHS HC800 .E28 1999).

For assistance in finding these and related materials, please ask a librarian.

Government Printing Office logo

The University Library is a federal depository with many federal, state, local, and international documents on a variety of current and relevant issues available to you in print, microfiche, CD-ROM, and electronically. Come check out your government at the University Library!

The Global Struggle

I feel like the majority of what I blog about is the economy and trying to come up with synonyms for recession. I guess that as the business librarian, it is expected of me.

America is not alone in the current economic hardship – the rise of globalization and the ever-connected societies of the world have the entire world feeling the pinch. However, some countries are feeling it worse than others. So just how is Italy or Venezuela or [insert favorite country here] dealing with the slowdown?

In response to this question, Euromonitor has published a series of Global Risks and Vulnerabilities briefings as part of Passport Reference & Markets (formerly known as Global Market Information Database). These reports address external sector shocks, real estate, government finance, energy, socio-political shocks and environmental shocks as part of a measure of the country’s economic health.

To get to the documents, click on the Countries link in the main navigational bar and the Country Briefings are located in the upper-right corner.

New Stuff Tuesday – August 12

Whatever Happened to Thrift?

Whatever Happened to Thrift?:
Why Americans Don’t Save and What to Do About It
HC110 .S3 W54 2008
New Book Island, 2nd floor

You hear about it all the time – make sure you’re saving money, make sure you put enough money away for retirement. It turns out that we as a country aren’t doing a very good job about it.

Wilcox, professor at the University of Virginia, actually thinks that we’re downright awful at it. Dr. Wilcox contends that although personal savings may only seem to affect you as an individual, it also has effects on society and the economy. The author takes a hard look at saving habits (of lack thereof) of Americans and their financial literacy, painting a grim picture of the future. Of course, he doesn’t just tell us we have a problem and end it there. Wilcox offers solutions from the top down, starting with government policies and coming down to personal practices. Overall, the book provides real, hard-hitting insight to a real issue.

New Stuff Tuesday – February 12

Big Box Swindle: The True Cost of Mega-Retailers and the Fight for America's Independent Businesses

Big Box Swindle:
The True Cost of Mega-Retailers and the Fight for America’s Independent Businesses
by Stacy Mitchell
HF5468 .M58 2006
New Book Island, 2nd floor

After reading the Royal Purple about local coffeehouses being unaffected by McD’s and separately having a conversation about Starbucks taking over the world with the Sweet Spot baristas, I thought that this week’s featured book was appropriate.

America loves convenience – going to the store to get everything they need in one stop, using the drive-thru to get their fix of caffeine or grease, ordering movies online and delivered right to your door. Convenience is fantastic, but does it come at a price? True – you pay for it, but are you the only one affected? Mitchell, a senior researcher with the Institute for Local Self-Reliance, contends that these mega-retailers and chain stores do more harm than good. These large corporations steer customers away from local independent businesses, taking away revenues necessary to stay afloat and funds out of the local economy. As a strong proponent of small business, Mitchell provides an excellent and well-researched argument in the debate of “Does bigger mean better?”

Along the same lines, we also just received The Local Economic Impact of Wal-Mart (HF5465 .U64 W354 2007) by Michael Hicks, conveniently shelved right next to Big Box Swindle on the New Book Island.

New Stuff Tuesday – April 17

Just like music being released on Tuesday, this weekly column will highlight some of the Library’s latest acquisitions on, you guessed it, Tuesday.

Now, for the first New Book Tuesday:

who can say it, who shouldn't and why

The N Word: Who Can Say It,
Who Shouldn’t, and Why

Jabari Asim
E185 .A85 2007
New Book Island, 2nd floor

Jabari Asim, deputy editor of the Washington Post Book World, takes the reader on a journey through four hundred years of history of the n word, from its origins in an essay by Thomas Jefferson to its current usage by hip hop artists. Asim states in his introduction that the subject of the book is “how whites from all levels of society worked to keep us there — through a combination of custom, law, myth, and racial insult.” With chapters such as “N*ggerology” (Parts 1 & 2), “To Slur with Love” and “N*gger versus N*gga,” the author illustrates how the epithet continues to “keeps blacks at the bottom of America’s socioeconomic ladder.”

So who can say it and who shouldn’t? You’ll have to read the book to find out.

how revolutionary was the digital revolution?

How Revolutionary Was the Digital Revolution?
Edited by John Zysman & Abraham Newman
HC79 .I55 H686 2006
New Book Island, 2nd floor

This volume, edited by professors from UC-Berkeley and Georgetown University, examines the new era, one in which borders no longer translate into barriers. The book focuses on technological change and its effects on governments, corporations, markets, and individuals from around the world. Topics include offshoring, copyright in the digital context, and mobile technology as a new case for the analysis of market evolution. Anyone curious as to how much (or little) technology has transformed our world will find this work intriguing, as it covers a lot of ground.