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A sensible solution to getting our economy back on track
Pessimism is ubiquitous throughout the Western World as the pressing issues of massive debt, high unemployment, and anemic economic growth divide the populace into warring political camps. Right-and Left-wing ideologues talk past each other, with neither side admitting the other has any good ideas. In American Gridlock, leading economist and political theorist H. Woody Brock bridges the Left/Right divide, illuminating a clear path out of our economic quagmire.
Arguing from first principles and with rigorous logic, Brock
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Produktbeschreibung
A sensible solution to getting our economy back on track

Pessimism is ubiquitous throughout the Western World as the pressing issues of massive debt, high unemployment, and anemic economic growth divide the populace into warring political camps. Right-and Left-wing ideologues talk past each other, with neither side admitting the other has any good ideas. In American Gridlock, leading economist and political theorist H. Woody Brock bridges the Left/Right divide, illuminating a clear path out of our economic quagmire.

Arguing from first principles and with rigorous logic, Brock demonstrates that the choice before us is not between free market capitalism and a government-driven economy. Rather, the solution to our problems will require enactment of constructive policies that allow "true" capitalism to flourish even as they incorporate social policies that help those who truly need it.

Brock demonstrates how deductive logic (as opposed to ideologically driven data analysis) can transform the way we think about these problems and lead us to new and different solutions that cross the ideological divide. Drawing on new theories such as game theory and the economics of uncertainty that are based upon deductive logic, Brock reveals fresh ideas for tackling issues central to the 2012 U.S, Presidential election and to the nation's long-run future:
Demonstrating that the concept of a government "deficit" is highly problematic since it blinds us to the distinction between a good deficit and a bad deficit - where a deficit is good if it results from borrowing dedicated to productive investment rather than to unproductive spending.
Deriving the need for a U.S. Marshall Plan dedicated to very high levels of profitable infrastructure spending as the solution to today's Lost Decade of high unemployment
Drawing upon a logical extension of the Law of Supply and Demand to demonstrate how the health-care spending crisis can be completely resolved by letting supply increase at a faster rate than demand
Utilizing the theory of bargaining inaugurated by the "Beautiful Mind" mathematician John F. Nash, Jr., to help us avoid being repeatedly duped in our negotiations with China
Making use of a completely new theory of market risk recently developed at Stanford University to demonstrate why dramatically limiting leverage is the key reform to preventing future Perfect Storms, whereas hoping to banish "greed" amounts to whistling Dixie
Deducting from first principles a solution to the contentious issue of fair shares of the economic pie, a solution that integrates the two fundamental norms of "to each according to his contribution" and "to each according to his need."

Profound, timely and important, American Gridlock cuts through the stale biases of the Right and Left, advances new ways of thinking, and provides creative solutions to the problems that threaten American society.
Autorenporträt
H. WOODY BROCK is President and founder of Strategic Economic Decisions (SED), Inc., a firm that provides economic and financial market analysis to financial institutions, corporations, and investors. He has authored numerous Op-Ed pieces in the New York Times, the International Herald Tribune, and a variety of professional journals, and speaks regularly at investment conferences and forums. He is known worldwide as a speaker and writer adept at taking complex ideas and theories and expressing them logically and clearly. Brock was elected an Andrew Mellon Foundation Bicentennial Fellow of the Aspen Institute. He earned his BA, MBA, and MS (in mathematics) from Harvard University, and his MA and PhD from Princeton University.
Rezensionen
"With rigorous logic, American Gridlock identifies five major problems confronting the nation. These range from salvaging today's "lost decade," to the unequal distribution of wealth, to preventing bankruptcy from "entitlements spending," and to preventing future financial market crises. Woody Brock does not simply offer his opinions about these crises. Rather, he deduces win-win solutions to each of these from First Principles. It is high time for such a book, especially during a presidential election year."
--Dr. Nouriel Roubini, Chairman and Co-Founder, Roubini Global Economics

"Woody Brock is a brilliant economic thinker and we should heed his call for an Infrastructure Marshall Plan to lift our national economy. This book should be required reading for everyone who cares about America's future, particularly our elected officials."
--Ambassador Felix G. Rohatyn , Lazard Frères & Co. LLC

"Woody Brock's new book, American Gridlock is going to force everybody to think through their views on the critical issues of public policy facing America today. It is not just a question of a failure of leadership. It is also a question, as he puts it, of a failure of thought and analysis. He focuses on this in order to overcome what he terms "the Dialogue of the Deaf;" the shouting match between the Left and the Right and its inevitable manifestation as gridlock. Agree or not, this is the kind of book to which everybody should pay attention."
--Mortimer Zuckerman, Editor-in-Chief of U.S. News & World Report

"Woody Brock is one of America's best kept secrets. My firm has had the good fortune of benefiting from his in depth analysis of future political and economic trends for years.
American Gridlock allows the reader to do the same."
--Stan Druckenmiller, Chairman and CEO; Duquesne Family Office

"Woody Brock is one of the most unreasonable men I know: because I agree with George Bernard Shaw that the reasonable man adapts himself to the world, whilst the unreasonable man persists in adapting the world to himself, and therefore, all progress depends on the unreasonable man."
--Sir David Tang, Founder Shanghai Tang; Author, An Apple a Week

"Woody Brock's writings are often the fi rst place I encounter issues that soon become central debates within public policy. He is prescient, penetrating, broad, surprising and wise. Some writers illuminate yesterday's news, a few may shed light on tomorrows. But very few thinkers can help you to understand the issues that will shape not only next year, but also the next decade. As America faces a pivotal election, his book could not be more timely."
--Edward Smith, The Times (London)

"The events of the past several years have clearly exposed the faults in standard economic and financial analysis. And the economics profession currently seems at a loss to provide credible and practical policy prescriptions for the current malaise facing theU.S. and other major countries. In this fascinating book, Woody Brock stands above the crowd with his original and well thought out plans for a sensible way forward to a brighter future. It is a welcome counter to the widespread gloom that surrounds most of the discussion of the outlook."
--Martin Barnes, Chief Economist, BCA Research

"The world is bogged down by incremental thinking and yearns for some "big ideas" to liberate us from the serial crises that confront us. Over the years "Woody" Brock has proven himself as an original thinker whose solutions to problems often turn out to be right. Now, in this book, we have a set of recommendations that may put us on the right course."
--Byron R. Wien, Vice Chairman, Blackstone Advisory Partners LP

"Woody Brock tackles America's big problems at a breathtaking scale. No small ideas here. And no fl inching from the conclusions which follow from the fi erce logic he applies. Read this book to fi nd a way forward out of the broken politics and doctrinaire policies that leave so many disgusted and depressed to the prospect of a genuine prosperity."
--Joseph Dear, Chief Investment Offi cer, California Public Employees Retirement System (CalPERS)

"Woody thoughtfully addresses the critical issues facing our country and shows how they can be resolved using a different analytical approach. A must read for any serious market participant."
--Susan E. Manske, Vice President and Chief Investment Officer, The John D. and Catherine T. MacArthur Foundation

"Woody Brock is an American masterpiece. There is no one like Woody. No one is able to think as broadly as Woody, while simultaneously thinking so deeply. No one is as amusingly insightful, witty and provocative as Woody. Woody's economics are a blend of deep, revolutionary, insight and common sense. I will never know how he does it, but I deeply appreciate that he does it. No one is a better catalyst for my own thinking than Woody. Read American Gridlock. Savor American Gridlock. Allow yourself to be provoked and prodded by American Gridlock. Then put it down, go fi shing, then reread a month later. You will be deeply and lastingly rewarded for your efforts."
--Richard N. Foster, Investment & Advisory Services, LLC; former Managing Director, McKinsey &Company; author of Creative Destruction

"For decades Woody Brock has enlightened a select audience with his logically rigorous, factually impeccable analyses of past developments and future trends. Time and again I have seen his insights prove true, especially in cases where he has challenged the prevailing wisdom of the era. Now for the fi rst time he addresses a general readership, with a comprehensive assessment of how to cope with the most intractable public problems of our time. I don't agree with every one of his prescriptions, which is why I am all the more sincere in recommending the thoroughness and rigor of his logic."
--James Fallows, The Atlantic

"American Gridlock is a major endeavour containing deeply profound insights. It requires the courage to see that economics has largely failed and must be replaced as the master discipline by political theory and science, and with a new emphasis on fairness and justice in the distribution of benefi ts and rewards. Woody Brock is one of the few thinkers of our times who can tackle this mountainous task and unlock the paralysis in which the increasingly muddled debate about Capitalism has plunged us."
--Lord Howell of Guildford, Minister of State, Foreign and Commonwealth Office, UK

"If Woody Brock did not exist, God would have had to invent him. He is a unique, challenging thinker who makes most conventional economic forecasters look like trend followers. Serious investors and students of public policy should be delighted that he has finally written a book in which his renowned analytical approach focuses on public policy. This is badly-needed fresh air in a seriously polluted environment."
--Don Coxe, Chairman, Coxe Advisors LLP

"American Gridlock provides a compelling framework for citizens, policymakers and market participants to overhaul their views on many important issues of the day. The power of Woody Brock's approach--emphasizing deductive reasoning and eschewing information overload--makes this elegantly written book a must read for those who value understanding over data. I would suggest burying oneself in American Gridlock before occupying Wall Street, the executive suite or public offi ce."
--Scott Bessent, Chief Investment Officer, Soros Fund Management

"H. Woody Brock is one of the few leading economists who can combine high-powered theory and deductive logic to yield practical solutions to real-world issues. He constantly surprises and inspires with new creative inputs and insights. In his latest book, he provides thought-provoking ideas on how to get a polarized and gridlocked America on the path to progress."
--Christian Casal, Offi ce Manager McKinsey & Company, Switzerland

"If you can handle the truth about America's Lost Decade, Phiberalism, Leverage, Thugocracies, and Distributive Justice then American Gridlock is a must read. You will leave behind today's heads I win, tails you lose mentality. No more repetitive talking heads, know it all politicians and tired academics. Woody offers up common sense solutions based on sound reasoning to today's pressing problems. Finally, the TRUTH!
--John H. Carlson, Fidelity Investments, Boston

"American Gridlock delivers desperately needed fresh air and sunlight, dispelling the funk and gloom that are dampening the American spirit. Woody Brock defi nes five critical problems confronting the US today and leads the reader to compelling win-win policies that will break the current gridlock and put America on a path to sustainable prosperity. His work is original and of critical importance. The clear thinking and optimism of one of the world's great thinkers obviates the need to contemplate writing America's obituary. Anyone with a vested interest in our future should place American Gridlock at the top of his reading list."
--Jan L. Yeomans, Vice President and Treasurer, 3M

"Woody is a paragon for prosperity, and he is a master of truth and its processes--something our postmodern age has let drift out of the public discourse. He must be read by politicians, policymakers, CEOs and advisers, and by everyone concerned with today's problems and building a sustainable and prosperous future. He shows how it can be done without unnecessary pain, making this book the antidote to the current global economic and fi nancial malaise. His new book is a must read for every politician, policymaker, adviser, CEO, and everyone concerned with today's problems and building a sustainable future."
--Michael Roux, Chairman, Australian Davos (ADC) Forum

"If ever there was a time when a fresh, original approach to understanding the challenges facing democratic capitalism was needed, it is surely now. This book offers such an approach, and provides novel answers to wickedly difficult questions about the sustainability of our way of life in the 21st Century. I have admired Woody Brock's creative strategies to address complex issues for decades, and rank this book as his greatest, and most important effort yet."
--Keith Ambachtsheer, Director, Rotman International Centre for Pension Management, Rotman School of Management, University of Toronto

"American Gridlock surpasses the lofty expectations of a long-standing client. To provide "win-win" solutions to our most vexing economic problems, Woody employs commonsense coupled with profound and not often cited academic principles. His analysis addresses the challenges--defi cits, entitlements, fi nancial meltdowns, dealing with China, and Distributive Justice--that must be confronted to arrest the decline of the West. Most impressively, his is a refreshingly independent and optimistic voice in an era of partisanship and pessimism."
--Ed Sullivan, Ph.D., CFA, Managing Director, General Motors Asset Management
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