New Releases by James Kwak

A legendary lawyer and a legal scholar reveal the structural failures that undermine justice in our criminal courts “An urgently needed analysis of our collective failure to confront and overcome racial bias and bigotry, the abuse of power, and the multiple ways in which the death penalty’s profound unfairness requires its abolition. You will discover Steve Bright’s passion, brilliance, dedication, and tenacity when you read these pages.” —from the foreword by Bryan Stevenson Called “passionate and eye-opening” by Booklist, The Fear of Too Much Justice, by the legendary death penalty attorney Stephen B. Bright and legal scholar James Kwak, offers a heart-wrenching overview of how the criminal legal system fails to live up to the values of equality and justice. The book ranges from people convicted of crimes and condemned to death because of their race and poverty to poor people squeezed for cash by private probation companies because of trivial violations. Bright and Kwak also offer examples from places around the country that are making progress toward justice. With a foreword by Bryan Stevenson, and now in an accessible paperback format, this “urgent call to action . . . is an invaluable resource” (Publishers Weekly).

Once upon a time, the Democrats were the party of the people-of the New Deal, unions, and the War on Poverty. The New Democrats, Bill Clinton, and Barack Obama changed all that. Scarred by the Reagan Revolution, they abandoned their party's historical identity. They embraced the idea that markets are the source of prosperity and government's role is to nurture private sector growth, which would help both the 1% and the 99%. This idea has failed. Inequality has grown to historic proportions, and many families struggle with constant economic insecurity. In choosing markets over people, the party abandoned lower- and middle-income families-and by 2016, they no longer knew what the Democrats stood for. If we are to reverse the tide of inequality and to defend our country from President Trump and the Republicans, we must take back our party. It is time to restore the vision of Franklin Roosevelt: that a decent society takes care of all its citizens and ensures them the basic necessities of life. It is time for the Democratic Party to represent the people once again.

Outlines a deconstruction of the framework for understanding the world of classroom economics, clarifying assumptions and misleading teachings while sharing historical insights into how economism became a prevalent influence in the U.S.

From America's first bank to the financial crisis during Bush's second term, Simon Johnson and James Kwak discuss what works and what doesn't in the world's financial business.

The announcement of Timothy Geithner as nominee for Treasury Secretary in November 2008 produced a cumulative abnormal return for financial firms with which he had a connection. This return was about 6% after the first full day of trading and about 12% after ten trading days. There were subsequently abnormal negative returns for connected firms when news broke that Geithner's confirmation might be derailed by tax issues. Excess returns for connected firms may reflect the perceived impact of relying on the advice of a small network of financial sector executives during a time of acute crisis and heightened policy discretion.