In this book, Nobel Prize-winning economist Edmund Phelps draws on a lifetime of thinking to make a sweeping new argument about what makes nations prosper--and why the sources of that prosperity are under threat today. Why did prosperity explode in some nations between the 1820s and 1960s,...

Many prominent critics regard the international financial system as the dark side of globalization, threatening disadvantaged nations near and far. But in <i>The Next Great Globalization</i>, eminent economist Frederic Mishkin argues the opposite: that financial globalization today is essential for...