Cambridge Forecast Group Blog: Backup » Development

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)

BANK FOR INTERNATIONAL SETTLEMENTS MAY 23 2012: RENMINBI

Administrator — Wed, 23 May 2012 19:30:13 +0000

Central bankers’ speeches for 23 May now available‏

Press, Service (press@bis.org)

Wed 5/23/12

Central bankers’ speeches for 23 May 2012
now available on the BIS website

José Manuel González-Páramo: Completing the euro project – the day after tomorrow

Sayuri Shirai: Recent global economic developments and monetary policy in Japan – strengthening Japan’s growth momentum through opportunities in emerging Asia

Eddie Yue: Renminbi – a new era and the role of Hong Kong

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 23 May now available‏

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

Press, Service (press@bis.org)

Wed 5/23/12

MONETARY AUTHORITY OF SINGAPORE

Administrator — Tue, 22 May 2012 22:49:12 +0000

MAS Content Updates [23/05/2012]‏

Tue 5/22/1

Monetary Authority of Singapore

MAS

Updates on 23/05/2012

News Room

Policy Statements/Speeches

“Developing our Capabilities and the Singapore Core in Financial Services” – Speech by Mr Tharman Shanmugaratnam, Deputy Prime Minister, Chairman of Monetary Authority of Singapore at the FICS Annual Conference 2012

Developing our Capabilities and the “Singapore Core” in Financial Services Speech by Mr Tharman Shanmugaratnam Deputy Prime Minister, Minister for Finance, Minister for Manpower, Chairman of Monetary Authority of Singapore Speech at the FICS Annual Conference 2012 Marriott Hotel, 22 May 2012 Mr Ravi Menon, Managing Director of MAS and Chairman of IBF, Distinguished Guests Ladies and Gentlemen 1 I am very happy … more..

L. JHA LECTURES: INDIA

Administrator — Fri, 18 May 2012 03:02:43 +0000

Lecture No.	Delivered by	Subject	Date
1.	Mr. Robin Leigh-Pemberton	Economic Liberalism, Central Banking and the Developing World	October 16, 1990
2.	Mr. Jacob A. Frenkel	The Strategy of Economic Adjustment	November 30, 1992
3.	Mr. Andrew Crockett	Capital Market Innovations: Challenges and Opportunities	February 20, 1995
4.	Mr. William J. McDonough	Strengthening the Financial Marketplace	December 5, 1996
5.	Mr. Rubens Ricupero	Globalisation, Hot Money and the Seach for Profitable Investment: Is the East Asian Crisis a Global Crisis?	July 17, 1998
6.	Dr. Donald T. Brash	Inflation Targeting: Is New Zealand’s Experience Relevant to Developing Countries?	June 17, 1999
7.	Prof. Willem H. Buiter	Targets, Instruments and Institutional Arrangements for an Effective Monetary Authority	October 16, 2000
8.	Prof. Martin Feldstein,	Budget Deficits and National Debt	January 12, 2004.
9.	Prof. Lawrence H. Summers	Reflections on Global Account Imbalances and Emerging Markets Reserve Accumulation	March 24, 2006
10.	Mr.Jean-Claude Trichet	The growing importance of emerging economies in the globalised world and its implications for the international financial architecture	November 26, 2007
11.	Prof. John Brian Taylor	Lessons from the Financial Crisis for Monetary Policy in Emerging Markets	February 24, 2010
12.	Prof. Maurice Obstfeld	Gross Financial Flows, Global Imbalances, and Crises	December 13, 2011

CFG ON YOUTUBE

Administrator — Tue, 24 Apr 2012 07:03:18 +0000

Please go to Youtube and type in “lawrence feiner” to view four presentations by Lawrence Feiner of Cambridge Forecast Group on the global future and Muslims and Jews in the world-system:

- world future part 1 12-27-11

- world future part 2 03-06-12

- Einstein and the Stern gang 04-24-12

- the fall of Communism and race relations no date

YouTube – Broadcast Yourself.

www.youtube.com/

CAMBRIDGE FORECAST GROUP: LAWRENCE FEINER CFG YOUTUBE APRIL 19 2012: EINSTEIN’S LETTER

Administrator — Fri, 20 Apr 2012 12:47:32 +0000

CLICK ON:

http://www.youtube.com/watch?v=uGSCWK248dA

CAMBRIDGE FORECAST GROUP: LAWRENCE FEINER CFG YOUTUBE APRIL 19 2012: EINSTEIN’S LETTER

the reagan revolution and the developing countries (1980-1990) a seminal decade for predicting the world economic future

Blog readers want to know:

1. what’s really happening?

2. where am I in all this?

Read:

The Reagan Revolution and the Developing Countries

Cambridge Forecast Group Book

This is a book about the Reagan revolution and the developing countries. It shows why the years (1980-1990) were critical in determining the global economic future. The first chapter is how to think about the future. The second chapter is about growth economic and human capital. The third chapter is about development economic the forth chapter is about the world economy from Charlemagne to the present. The fifth chapter is about the Reagan revolution.

Our book is unique because no other book in our opinion has accurately described just how important the developing world was in Reagan administration policy in our 1979 Japanese book ”world economy/big prediction” the book upon which this book was based, we predicted that in the early 21th century the developing countries would be growing rapidly even as the developed countries stagnated.

About the Authors:

Lawrence Feiner is currently retired. he has a B.S. in math from The Massachusetts Institute of Technology and a Phd in math from M.I.T.. He has previously co-authored numerous Japanese books that were favorably reviewed. He was a principal of the Cambridge Forecast Group specializing in economic forecasting.

Richard Melson is currently retired after working for an investment advisory firm. He got a masters degree in Asian regional economics from Harvard. He has previously co-authored numerous Japanese books that were favorably reviewed. He was a principal of the Cambridge Forecast Group specializing in economic forecasting.

Again:

This is a book about the Reagan revolution and the developing countries. It shows why the years (1980-1990) were critical in determining the global economic future. The first chapter is how to think about the future. The second chapter is about growth economic and human capital. The third chapter is about development economic the fourth chapter is about the world economy from Charlemagne to the present. The fifth chapter is about the Reagan revolution.

Click on:

“THE REAGAN REVOLUTION AND THE DEVELOPING COUNTRIES”: NEW CAMBRIDGE FORECAST GROUP BOOK

November 29, 2011 at 7:24 pm | Posted in Books, Development, Economics, Financial, Globalization, History, Research, Third World, USA, World-system

http://cambridgeforecast.wordpress.com/2011/11/

CAMBRIDGE FORECAST GROUP: “WORLD ECONOMY BIG PREDICTION” BOOK

Click On:

http://cambridgeforecast.wordpress.com/2008/02/07/cambridge-forecast-group-book-world-economy/

Cambridge Forecast Group: “World Economy Big Prediction” Book

February 7, 2008 at 4:24 am | Posted in Books, Financial, Globalization, History, Research, Science & Technology,Third World

http://cambridgeforecast.wordpress.com/2008/02/07/cambridge-forecast-group-book-world-economy/

RECENT CAMBRIDGE FORECAST GROUP YOUTUBE

VIDEOS WITH CFG CO-FOUNDER DR. LAWRENCE FEINER