CFG’S LAWRENCE FEINER ON YOUTUBE: THE WEST THE THIRD WORLD AND THE FUTURE

June 12, 2012 at 3:43 pm | Posted in CFG, Economics, Financial, Globalization, History, Research, World-system, Zionism | Leave a comment

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Lawrence Feiner

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Lawrence Feiner 03 06 12 – Original air date

i was born in 1942 in the bronx. i graduated from ps95 in 1956. i graduated from the bronx hs of science in 1960 i got my bs in math in 1964 from …

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Lawrence Feiner Ph.D – 12-27-11 Original air date

i was born in 1942 in the bronx. i graduated from ps95 in 1956. i graduated from the bronx hs of science in 1960 i got my bs in math in 1964 from …

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Lawrence Feiner Ph.D Original air date 04 24 12

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Lawrence Feiner 05-12-12

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Commentary

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BOOK REVIEW OF CFG BOOK: “REAGAN REVOLUTION…”

June 12, 2012 at 3:39 pm | Posted in Books, CFG, Development, Economics, Financial, Globalization, History, Research, Third World, USA, World-system | Leave a comment

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“The Reagan Revolution and the Developing Countries (1980-1990):

A Seminal Decade for Predicting the World Economic Future”

Lawrence Feiner and Richard Melson

iUniverse, 353 pages, (paperback) $23.94, 978-1-4620-6189-1

(Reviewed: May, 2012)

Lawrence Feiner and Richard Melson, both former principals of the Cambridge Forecast Group, have written a sharp challenge to prevailing economic thought.

The authors argue that despite the chaos that seems to have enveloped the world economy since the end of the Cold War (as typified in the writings of Francis Fukuyama, Zbigniew Brzezinski, and Daniel Patrick Moynihan), the direction and development of world economic history is, in fact, quite predictable.

Proponents of controversial “New Growth Theories,” Feiner and Melson argue that human capital and knowledge are quantifiable variables that, using mathematical formulae, can be both identified and extrapolated to the future. Once identified, an economic future can be reasonably predicted. Their work leads them to conclude that a post-Cold War economic world will revolve around a rapid shifting of economic priorities, emphasizing the needs and contributions of the developing world.

This is decidedly not a book for beginners in economics. It is a dense, detailed read, full of equations; readers should take the authors seriously with their oft-repeated asides that knowledge of basic calculus will enhance a person’s ability to understand the book. Specialists will, to be sure, find the book’s argument thought provoking. But they are likely to be frustrated by the authors’ use of several competing styles of citation and the absence of a list of the works cited or bibliography to help the reader translate the citations. Both specialist and generalist alike will also be distracted by the number of typographical errors. (One must pause when reading a book on economics that misspells the name of Milton Friedman.)

Decidedly not a book on the Reagan Revolution (which receives only a few pages here), this book does dare the economic specialist to think outside the box, and to consider a theory that might well explain where the world economy is heading. For that, this provocative book has merit.

BlueInk Heads Up: Despite the typographical flaws, professional economists and professors of economics will find this book both appealing and important.

The Reagan Revolution and the Developing Countries (1980-1990):

A Seminal Decade for Predicting the World Economic Future

Lawrence Feiner and Richard Melson

iUniverse, 353 pages, (paperback) $23.94, 978-1-4620-6189-1

(Reviewed: May, 2012)

CFG Comment on the review:

Irony of ironies:

The “Blue Ink Review” service completely misunderstood the book.

They read the first chapter and saw the “big prediction” of the centrality of the developing world to global growth. Then they read the next two economic chapters and thought that the new growth theories described therein were a validation of our prediction when in fact they were the opposite of our prediction…

They thought they had read enough and stopped.

Actually we did use mathematical growth theory to predict the centrality of LDC growth.

The Solow growth model, the most tested and accepted predicts that there are two sources of economic growth in the world, namely (1) increase in total factor productivity (technology) (2) increase in population.

We pointed out that the populations of the West are stable and that, aside from information technology, there is a stalemate in total factor productivity in the West and therefore additional growth has to come from the developing countries.

So the review was not altogether wrong (if you substitute the Solow growth theory for the new growth theories).

Unfortunately the Blue Ink review, although very good, has, with its emphasis on mathematics and equations, significantly reduced sales of our book. We had expected that, since the book was entitled ” The Reagan Revolution and the developing countries,” the reviewer would skip over the first four non-Reagan chapters and go right to the last chapter on Reagan.
instead the review actually plowed through the two difficult economics chapters and came up with a review based on them. In fact, aside from the mathematical second and third chapters, the book is very well written and highly readable, not a ”’dense read” as the Blue Ink review put it.

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CURRENT CRISIS: BIS JUNE 12 2012

June 12, 2012 at 3:33 pm | Posted in Development, Economics, Financial, Globalization, History, Research, World-system | Leave a comment

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Central bankers’ speeches for 12 June now available

(including 4 additional speeches)‏

Press, Service (press@bis.org)

Tue 6/12/12

Central bankers’ speeches for 12 June 2012
now available on the BIS website

Norman T L Chan: Hong Kong as a private banking hub – a regulator’s vision

Ignazio Visco: Economic and policy interconnections in the current crisis

Emmanuel Tumusiime-Mutebile: Bank of Uganda highlights its Board’s achievements

Lawrence Williams: Leveraging central banks’ IT investments for strategic advantage

Choongsoo Kim: Emerging Asia and global economic recovery

Choongsoo Kim: Asia’s role in reviving global growth and financial stability

Choongsoo Kim: Returning to sustainable growth – an EME’s perspective

Lars E O Svensson: Differing views on monetary policy

Erdem Başçi: Financial and macroeconomic stability

Emmanuel Tumusiime-Mutebile: Expanding financial access and financial inclusion in Uganda

All speeches from 1997 onwards are available from the BIS website at:

http://www.bis.org/list/cbspeeches/index.htm.

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

Central bankers’ speeches for 12 June now available

(including 4 additional speeches)‏

http://www.bis.org/list/cbspeeches/index.htm

Press, Service (press@bis.org)

Tue 6/12/12

Central bankers’ speeches for 12 June now available‏

Press, Service (press@bis.org)

Tue 6/12/12

Central bankers’ speeches for 12 June 2012
now available on the BIS website

Choongsoo Kim: Emerging Asia and global economic recovery

Choongsoo Kim: Asia’s role in reviving global growth and financial stability

Choongsoo Kim: Returning to sustainable growth – an EME’s perspective

Lars E O Svensson: Differing views on monetary policy

Erdem Başçi: Financial and macroeconomic stability

Emmanuel Tumusiime-Mutebile: Expanding financial access and financial inclusion in Uganda

All speeches from 1997 onwards are available from the BIS website at

http://www.bis.org/list/cbspeeches/index.htm.

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

Central bankers’ speeches for 12 June now available‏

http://www.bis.org/list/cbspeeches/index.htm

Press, Service (press@bis.org)

Tue 6/12/12
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LETTER TO CFG: REAGAN LIBRARY

June 8, 2012 at 2:55 pm | Posted in Books, CFG, USA | Leave a comment

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BLUE INK BOOK REVIEW

http://www.blueinkreview.com/reviews

http://www.blueinkreview.com/reviews/view/752/category:4/subcategory:/newest:1/notable:0/sales:0/platform:0/format:/region

http://www.bookwhirl.com/Emailer/Production/4749/TheReaganRevolutionandtheDevelopingCountries.html
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ISLAMIC FINANCE AND THE GLOBAL FUTURE: BIS JUNE 1-8

June 8, 2012 at 2:50 pm | Posted in Development, Economics, Financial, Globalization, History, Islam, Research, Third World, World-system | Leave a comment

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Central bankers’ speeches from 6 to 8 June now available‏

Press, Service (press@bis.org)

Fri 6/08/12

Central bankers’ speeches for 8 June 2012
now available on the BIS website

Fahad Bin Abdullah Al-Mubarak:

Combatting money laundering and terrorism financing

Miguel Fernández Ordóñez: Developments in Spain

Masaaki Shirakawa: Japan’s economy and monetary policy

Ben S Bernanke: Economic outlook and policy

Glenn Stevens: The glass half full

Central bankers’ speeches for 7 June 2012
now available on the BIS website

Mario Draghi: ECB press conference – introductory statement

Ravi Menon: The next phase in Islamic finance

Janet L Yellen: Perspectives on monetary policy

Ardian Fullani: Recent economic and monetary developments in Albania

Daniel K Tarullo: Dodd-Frank Act implementation

Central bankers’ speeches for 6 June 2012
now available on the BIS website

K C Chakrabarty: Human Resource management in banks – need for a new perspective

K C Chakrabarty: Exploring the challenge of financial education across emerging economies

Jörg Asmussen: Lessons from Latvia and the Baltics

Richard W Fisher: The limits of the powers of central banks

All speeches from 1997 onwards are available from the BIS website at:

http://www.bis.org/list/cbspeeches/index.htm.

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

Central bankers’ speeches from 6 to 8 June now available‏

Press, Service (press@bis.org)

Fri 6/08/12

Central bankers’ speeches from 6 to 8 June now available‏

Press, Service (press@bis.org)

Fri 6/01/12

Central bankers’ speeches for 1 June 2012
now available on the BIS website

Lawrence Williams: An evolving financial services landscape in the Caribbean

Ignazio Visco: Overview of economic and financial developments in Italy

All speeches from 1997 onwards are available from the BIS website at http://www.bis.org/list/cbspeeches/index.htm.

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

Central bankers’ speeches from 6 to 8 June now available‏

Press, Service (press@bis.org)

Fri 6/08/12
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