Best of
Economics

2017

The Divide: A Brief Guide to Global Inequality and its Solutions


Jason Hickel - 2017
    In The Divide, Jason Hickel brilliantly lays it out, layer upon layer, until you are left reeling with the outrage of it all.’ - Kate Raworth, author of Doughnut EconomicsFor decades we have been told a story about the divide between rich countries and poor countries. We have been told that development is working: that the global South is catching up to the North, that poverty has been cut in half over the past thirty years, and will be eradicated by 2030. It’s a comforting tale, and one that is endorsed by the world’s most powerful governments and corporations. But is it true?Since 1960, the income gap between the North and South has roughly tripled in size. Today 4.3 billion people, 60 per cent of the world's population, live on less than $5 per day. Some 1 billion live on less than $1 a day. The richest eight people now control the same amount of wealth as the poorest half of the world combined.What is causing this growing divide? We are told that poverty is a natural phenomenon that can be fixed with aid. But in reality it is a political problem: poverty doesn’t just exist, it has been created.Poor countries are poor because they are integrated into the global economic system on unequal terms. Aid only works to hide the deep patterns of wealth extraction that cause poverty and inequality in the first place: rigged trade deals, tax evasion, land grabs and the costs associated with climate change. The Divide tracks the evolution of this system, from the expeditions of Christopher Columbus in the 1490s to the international debt regime, which has allowed a handful of rich countries to effectively control economic policies in the rest of the world.Because poverty is a political problem, it requires political solutions. The Divide offers a range of revelatory answers, but also explains that something much more radical is needed – a revolution in our way of thinking. Drawing on pioneering research, detailed analysis and years of first-hand experience, The Divide is a provocative, urgent and ultimately uplifting account of how the world works, and how it can change.

Color of Money: Black Banks and the Racial Wealth Gap


Mehrsa Baradaran - 2017
    More than 150 years later, that number has barely budged. The Color of Money pursues the persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. Studying these institutions over time, Mehrsa Baradaran challenges the myth that black communities could ever accumulate wealth in a segregated economy. Instead, housing segregation, racism, and Jim Crow credit policies created an inescapable, but hard to detect, economic trap for black communities and their banks.The catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty. Not only could black banks not "control the black dollar" due to the dynamics of bank depositing and lending but they drained black capital into white banks, leaving the black economy with the scraps.Baradaran challenges the long-standing notion that black banking and community self-help is the solution to the racial wealth gap. These initiatives have functioned as a potent political decoy to avoid more fundamental reforms and racial redress. Examining the fruits of past policies and the operation of banking in a segregated economy, she makes clear that only bolder, more realistic views of banking's relation to black communities will end the cycle of poverty and promote black wealth.

Adults in the Room: My Battle with Europe's Deep Establishment


Yanis Varoufakis - 2017
    Despite the mass support of the Greek people and the simple logic of his arguments, he succeeded only in provoking the fury of Europe’s political, financial and media elite. But the true story of what happened is almost entirely unknown – not least because so much of the EU’s real business takes place behind closed doors.In this fearless account, Varoufakis reveals all: an extraordinary tale of brinkmanship, hypocrisy, collusion and betrayal that will shake the deep establishment to its foundations.As is now clear, the same policies that required the tragic and brutal suppression of Greece’s democratic uprising have led directly to authoritarianism, populist revolt and instability throughout the Western world.'Adults In The Room' is an urgent wake-up call to renew European democracy before it is too late.

Democracy in Chains: The Deep History of the Radical Right's Stealth Plan for America


Nancy MacLean - 2017
    The capitalist radical right has been working not simply to change who rules, but to fundamentally alter the rules of democratic governance. But billionaires did not launch this movement; a white intellectual in the embattled Jim Crow South did. Democracy in Chains names its true architect—the Nobel Prize-winning political economist James McGill Buchanan—and dissects the operation he and his colleagues designed over six decades to alter every branch of government to disempower the majority.In a brilliant and engrossing narrative, Nancy MacLean shows how Buchanan forged his ideas about government in a last gasp attempt to preserve the white elite’s power in the wake of Brown v. Board of Education. In response to the widening of American democracy, he developed a brilliant, if diabolical, plan to undermine the ability of the majority to use its numbers to level the playing field between the rich and powerful and the rest of us. Corporate donors and their right-wing foundations were only too eager to support Buchanan’s work in teaching others how to divide America into “makers” and “takers.” And when a multibillionaire on a messianic mission to rewrite the social contract of the modern world, Charles Koch, discovered Buchanan, he created a vast, relentless, and multi-armed machine to carry out Buchanan’s strategy. Without Buchanan's ideas and Koch's money, the libertarian right would not have succeeded in its stealth takeover of the Republican Party as a delivery mechanism. Now, with Mike Pence as Vice President, the cause has a longtime loyalist in the White House, not to mention a phalanx of Republicans in the House, the Senate, a majority of state governments, and the courts, all carrying out the plan. That plan includes harsher laws to undermine unions, privatizing everything from schools to health care and Social Security, and keeping as many of us as possible from voting. Based on ten years of unique research, Democracy in Chains tells a chilling story of right-wing academics and big money run amok. This revelatory work of scholarship is also a call to arms to protect the achievements of twentieth-century American self-government.

Americana: A 400-Year History of American Capitalism


Bhu Srinivasan - 2017
    Americana takes us on a four-hundred-year journey of this spirit of innovation and ambition through a series of Next Big Things -- the inventions, techniques, and industries that drove American history forward: from the telegraph, the railroad, guns, radio, and banking to flight, suburbia, and sneakers, culminating with the Internet and mobile technology at the turn of the twenty-first century. The result is a thrilling alternative history of modern America that reframes events, trends, and people we thought we knew through the prism of the value that, for better or for worse, this nation holds dearest: capitalism.In a winning, accessible style, Bhu Srinivasan boldly takes on four centuries of American enterprise, revealing the unexpected connections that link them. We learn how Andrew Carnegie's early job as a telegraph messenger boy paved the way for his leadership of the steel empire that would make him one of the nation's richest men; how the gunmaker Remington reinvented itself in the postwar years to sell typewriters; how the inner workings of the Mafia mirrored the trend of consolidation and regulation in more traditional business; and how a 1950s infrastructure bill triggered a series of events that produced one of America's most enduring brands: KFC. Reliving the heady early days of Silicon Valley, we are reminded that the start-up is an idea as old as America itself.Entertaining, eye-opening, and sweeping in its reach, Americana is an exhilarating new work of narrative history.

Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist


Kate Raworth - 2017
    It has failed to predict, let alone prevent, financial crises that have shaken the foundations of our societies. Its outdated theories have permitted a world in which extreme poverty persists while the wealth of the super-rich grows year on year. And its blind spots have led to policies that are degrading the living world on a scale that threatens all of our futures.Can it be fixed? In Doughnut Economics, Oxford academic Kate Raworth identifies seven critical ways in which mainstream economics has led us astray, and sets out a roadmap for bringing humanity into a sweet spot that meets the needs of all within the means of the planet. En route, she deconstructs the character of ‘rational economic man’ and explains what really makes us tick. She reveals how an obsession with equilibrium has left economists helpless when facing the boom and bust of the real-world economy. She highlights the dangers of ignoring the role of energy and nature’s resources – and the far-reaching implications for economic growth when we take them into account. And in the process, she creates a new, cutting-edge economic model that is fit for the 21st century – one in which a doughnut-shaped compass points the way to human progress.Ambitious, radical and rigorously argued, Doughnut Economics promises to reframe and redraw the future of economics for a new generation.

The Broken Ladder: How Inequality Affects the Way We Think, Live, and Die


Keith Payne - 2017
    The levels of inequality in the world today are on a scale that have not been seen in our lifetimes, yet the disparity between rich and poor has ramifications that extend far beyond mere financial means. In The Broken Ladder psychologist Keith Payne examines how inequality divides us not just economically; it also has profound consequences for how we think, how we respond to stress, how our immune systems function, and even how we view moral concepts such as justice and fairness.Research in psychology, neuroscience, and behavioral economics has not only revealed important new insights into how inequality changes people in predictable ways but also provided a corrective to the flawed view of poverty as being the result of individual character failings. Among modern developed societies, inequality is not primarily a matter of the actual amount of money people have. It is, rather, people's sense of where they stand in relation to others. Feeling poor matters--not just being poor. Regardless of their average incomes, countries or states with greater levels of income inequality have much higher rates of all the social maladies we associate with poverty, including lower than average life expectancies, serious health problems, mental illness, and crime.The Broken Ladder explores such issues as why women in poor societies often have more children, and why they have them at a younger age; why there is little trust among the working class in the prudence of investing for the future; why people's perception of their social status affects their political beliefs and leads to greater political divisions; how poverty raises stress levels as effectively as actual physical threats; how inequality in the workplace affects performance; and why unequal societies tend to become more religious. Understanding how inequality shapes our world can help us better understand what drives ideological divides, why high inequality makes the middle class feel left behind, and how to disconnect from the endless treadmill of social comparison.

Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street


Sheelah Kolhatkar - 2017
    Cohen changed Wall Street. He and his fellow pioneers of the hedge fund industry didn't lay railroads, build factories, or invent new technologies. Rather, they made their billions through speculation, by placing bets in the market that turned out to be right more often than wrong and for this, they gained not only extreme personal wealth but formidable influence throughout society. Hedge funds now oversee more than $3 trillion in assets, and the competition between them is so fierce that traders will do whatever they can to get an edge.Cohen was one of the industry's biggest success stories, the person everyone else in the business wanted to be. Born into a middle-class family on Long Island, he longed from an early age to be a star on Wall Street. He mastered poker in high school, went off to Wharton, and in 1992 launched the hedge fund SAC Capital, which he built into a $15 billion empire, almost entirely on the basis of his wizard like stock trading. He cultivated an air of mystery, reclusiveness, and excess, building a 35,000-square-foot mansion in Greenwich, Connecticut, flying to work by helicopter, and amassing one of the largest private art collections in the world. On Wall Street, Cohen was revered as a genius: one of the greatest traders who ever lived.That image was shattered when SAC Capital became the target of a sprawling, seven-year investigation, led by a determined group of FBI agents, prosecutors, and SEC enforcement attorneys. Labeled by prosecutors as a magnet for market cheaters whose culture encouraged the relentless pursuit of edge and even black edge, which is inside information SAC Capital was ultimately indicted and pleaded guilty to charges of securities and wire fraud in connection with a vast insider trading scheme, even as Cohen himself was never charged.Black Edge offers a revelatory look at the gray zone in which so much of Wall Street functions. It's a riveting, true-life legal thriller that takes readers inside the government's pursuit of Cohen and his employees, and raises urgent and troubling questions about the power and wealth of those who sit at the pinnacle of modern Wall Street.

Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power


Noam Chomsky - 2017
    What are the ten principles of concentration of wealth and power at work in America today? They're simple enough: reduce democracy, shape ideology, redesign the economy, shift the burden onto the poor and middle classes, attack the solidarity of the people, let special interests run the regulators, engineer election results, use fear and the power of the state to keep the rabble in line, manufacture consent, marginalize the population. In Requiem for the American Dream, Chomsky devotes a chapter to each of these ten principles, and adds readings from some of the core texts that have influenced his thinking to bolster his argument.To create Requiem for the American Dream, Chomsky and his editors, the filmmakers Peter Hutchison, Kelly Nyks, and Jared P. Scott, spent countless hours together over the course of five years, from 2011 to 2016. After the release of the film version, Chomsky and the editors returned to the many hours of tape and transcript and created a document that included three times as much text as was used in the film. The book that has resulted is nonetheless arguably the most succinct and tightly woven of Chomsky's long career, a beautiful vessel--including old-fashioned ligatures in the typeface--in which to carry Chomsky's bold and uncompromising vision, his perspective on the economic reality and its impact on our political and moral well-being as a nation."During the Great Depression, which I'm old enough to remember, it was bad–much worse subjectively than today. But there was a sense that we'll get out of this somehow, an expectation that things were going to get better . . ." —from Requiem for the American Dream

Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life in Organisms, Cities, Economies, and Companies


Geoffrey B. West - 2017
    The term “complexity” can be misleading, however, because what makes West’s discoveries so beautiful is that he has found an underlying simplicity that unites the seemingly complex and diverse phenomena of living systems, including our bodies, our cities and our businesses. Fascinated by issues of aging and mortality, West applied the rigor of a physicist to the biological question of why we live as long as we do and no longer. The result was astonishing, and changed science, creating a new understanding of energy use and metabolism: West found that despite the riotous diversity in the sizes of mammals, they are all, to a large degree, scaled versions of each other. If you know the size of a mammal, you can use scaling laws to learn everything from how much food it eats per day, what its heart-rate is, how long it will take to mature, its lifespan, and so on. Furthermore, the efficiency of the mammal’s circulatory systems scales up precisely based on weight: if you compare a mouse, a human and an elephant on a logarithmic graph, you find with every doubling of average weight, a species gets 25% more efficient—and lives 25% longer. This speaks to everything from how long we can expect to live to how many hours of sleep we need. Fundamentally, he has proven, the issue has to do with the fractal geometry of the networks that supply energy and remove waste from the organism's body. West's work has been game-changing for biologists, but then he made the even bolder move of exploring his work's applicability to cities. Cities, too, are constellations of networks and laws of scalability relate with eerie precision to them. For every doubling in a city's size, the city needs 15% less road, electrical wire, and gas stations to support the same population. More amazingly, for every doubling in size, cities produce 15% more patents and more wealth, as well as 15% more crime and disease. This broad pattern lays the groundwork for a new science of cities. Recently, West has applied his revolutionary work on cities and biological life to the business world. This investigation has led to powerful insights into why some companies thrive while others fail. The implications of these discoveries are far-reaching, and are just beginning to be explored. Scale is a thrilling scientific adventure story about the elemental natural laws that bind us together in simple but profound ways. Through the brilliant mind of Geoffrey West, we can envision how cities, companies and biological life alike are dancing to the same simple, powerful tune, however diverse and unrelated they are to each other.From the Hardcover edition.

The Absent Superpower: The Shale Revolution and a World Without America


Peter Zeihan - 2017
    Terrorism spills out of the Middle East into Europe. Russia, Iran, Saudi Arabia, China and Japan vie to see who can be most aggressive. Financial breakdown in Asia and Europe guts growth, challenging hard-won political stability.Yet for the Americans, these changes are fantastic. Alone among the world's powers, only the United States is geographically wealthy, demographically robust, and energy secure. That last piece -- American energy security -- is rapidly emerging as the most critical piece of the global picture.The American shale revolution does more than sever the largest of the remaining ties that bind America's fate to the wider world. It re-industrializes the United States, accelerates the global order's breakdown, and triggers a series of wide ranging military conflicts that will shape the next two decades. The common theme? Just as the global economy tips into chaos, just as global energy becomes dangerous, just as the world really needs the Americans to be engaged, the United States will be...absent.In 2014's The Accidental Superpower, geopolitical strategist Peter Zeihan made the case that geographic, demographic and energy trends were unravelling the global system. Zeihan takes the story a step further in The Absent Superpower, mapping out the threats and opportunities as the world descends into Disorder.

The New Human Rights Movement: Reinventing the Economy to End Oppression


Peter Joseph - 2017
    We can design our way to a better one.In our interconnected world, self-interest and social-interest are rapidly becoming indistinguishable. If current negative trajectories remain, including growing climate destabilization, biodiversity loss, and economic inequality, an impending future of ecological collapse and societal destabilization will make “personal success” virtually meaningless. Yet our broken social system incentivizes behavior that will only make our problems worse. If true human rights progress is to be achieved today, it is time we dig deeper—rethinking the very foundation of our social system.In this engaging, important work, Peter Joseph, founder of the world’s largest grassroots social movement—The Zeitgeist Movement—draws from economics, history, philosophy, and modern public-health research to present a bold case for rethinking activism in the 21st century.Arguing against the long-standing narrative of universal scarcity and other pervasive myths that defend the current state of affairs, The New Human Rights Movement illuminates the structural causes of poverty, social oppression, and the ongoing degradation of public health, and ultimately presents the case for an updated economic approach. Joseph explores the potential of this grand shift and how we can design our way to a world where the human family has become truly sustainable.The New Human Rights Movement reveals the critical importance of a unified activism working to overcome the inherent injustice of our system. This book warns against what is in store if we continue to ignore the flaws of our socioeconomic approach, while also revealing the bright and expansive future possible if we succeed.Will you join the movement?

Easternization: Asia's Rise and America's Decline From Obama to Trump and Beyond


Gideon Rachman - 2017
    Easternization is the defining trend of our age the growing wealth of Asian nations is transforming the international balance of power. This shift to the East is shaping the lives of people all over the world, the fate of nations, and the great questions of war and peace. A troubled but rising China is now challenging America s supremacy, and the ambitions of other Asian powers including Japan, North Korea, India, and Pakistan have the potential to shake the whole world. Meanwhile the West is struggling with economic malaise and political populism, the Arab world is in turmoil, and Russia longs to reclaim its status as a great power. As it becomes clear that the West s historic power and influence is receding, Gideon Rachman offers a road map to the turbulent process that will define the international politics of the twenty-first century."

A Fine Mess: A Global Quest for a Simpler, Fairer, and More Efficient Tax System


T.R. Reid - 2017
    R. Reid travels around the world to solve the urgent problem of America's failing tax code, unravelling a complex topic in plain English - and telling a rollicking story along the way. The U.S. tax code is a total write-off. Crammed with loopholes and special interest provisions, it works for no one except tax lawyers, accountants, and huge corporations. Not for the first time, we have reached a breaking point. That happened in 1922, and again in 1954, and again in 1986. In other words, every thirty-two years. Which means that the next complete overhaul is due in 2018. But what should be in this new tax code? Can we make the U.S. tax system simpler, fairer, and more efficient? Yes, yes, and yes. Can we cut tax rates and still bring in more revenue? Yes.Other rich countries, from Estonia to New Zealand to the UK--advanced, high-tech, free-market democracies--have all devised tax regimes that are equitable, effective, and easy on the taxpayer. But the United States has languished. So byzantine are the current statutes that, by our government's own estimates, Americans spend six billion hours and $10 billion every year preparing and filing their taxes. In the Netherlands that task takes a mere fifteen minutes! Successful American companies like Apple, Caterpillar, and Google effectively pay no tax at all in some instances because of loopholes that allow them to move profits offshore. Indeed, the dysfunctional tax system has become a major cause of economic inequality.In A Fine Mess, T. R. Reid crisscrosses the globe in search of the exact solutions to these urgent problems. With an uncanny knack for making a complex subject not just accessible but gripping, he investigates what makes good taxation (no, that's not an oxymoron) and brings that knowledge home where it is needed most. Never talking down or reflexively siding with either wing of politics, T. R. Reid presses the case for sensible root-and-branch reforms with a companionable ebullience. This affects everyone. Doing our taxes will never be America's favorite pastime, but it can and should be so much easier and fairer.

Janesville: An American Story


Amy Goldstein - 2017
    Most observers record the immediate shock of vanished jobs, but few stay around long enough to notice what happens next, when a community with a can-do spirit tries to pick itself up.Pulitzer Prize winner Amy Goldstein has spent years immersed in Janesville, Wisconsin where the nation’s oldest operating General Motors plant shut down in the midst of the Great Recession, two days before Christmas of 2008. Now, with intelligence, sympathy, and insight into what connects and divides people in an era of economic upheaval, she makes one of America’s biggest political issues human. Her reporting takes the reader deep into the lives of autoworkers, educators, bankers, politicians, and job re-trainers to show why it’s so hard in the twenty-first century to recreate a healthy, prosperous working class. For this is not just a Janesville story or a Midwestern story. It’s an American story.

Energy and Civilization: A History


Vaclav Smil - 2017
    The conversion of energy on Earth ranges from terra-forming forces of plate tectonics to cumulative erosive effects of raindrops. Life on Earth depends on the photosynthetic conversion of solar energy into plant biomass. Humans have come to rely on many more energy flows—ranging from fossil fuels to photovoltaic generation of electricity—for their civilized existence. In this monumental history, Vaclav Smil provides a comprehensive account of how energy has shaped society, from pre-agricultural foraging societies through today's fossil fuel–driven civilization.Humans are the only species that can systematically harness energies outside their bodies, using the power of their intellect and an enormous variety of artifacts—from the simplest tools to internal combustion engines and nuclear reactors. The epochal transition to fossil fuels affected everything: agriculture, industry, transportation, weapons, communication, economics, urbanization, quality of life, politics, and the environment. Smil describes humanity's energy eras in panoramic and interdisciplinary fashion, offering readers a magisterial overview. This book is an extensively updated and expanded version of Smil's Energy in World History (1994). Smil has incorporated an enormous amount of new material, reflecting the dramatic developments in energy studies over the last two decades and his own research over that time.

A Little History of Economics


Niall Kishtainy - 2017
    This clear, accessible, and even humorous book is ideal for young readers new to economics and for all readers who seek a better understanding of the full sweep of economic history and ideas. Economic historian Niall Kishtainy organizes short, chronological chapters that center on big ideas and events. He recounts the contributions of key thinkers including Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, and others, while examining topics ranging from the invention of money and the rise of agrarianism to the Great Depression, entrepreneurship, environmental destruction, inequality, and behavioral economics. The result is a uniquely enjoyable volume that succeeds in illuminating the economic ideas and forces that shape our world.

The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History


David Enrich - 2017
    Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that included a prickly French trader nicknamed “Gollum”; the broker “Abbo,” who liked to publicly strip naked when drinking; a nervous Kazakh chicken farmer known as “Derka Derka”; a broker known as “Village” (short for “Village Idiot”) who racked up huge expense account bills; an executive called “Clumpy” because of his patchwork hair loss; and a broker uncreatively nicknamed “Big Nose” who had once been a semi-professional boxer. This group generated incredible riches —until it all unraveled in spectacularly vicious, backstabbing fashion.With exclusive access to key characters and evidence, The Spider Network is not only a rollicking account of the scam, but also a provocative examination of a financial system that was crooked throughout.

Hypercapitalism: A Cartoon Critique of the Modern Economy and Its Values


Larry Gonick - 2017
    Now Gonick teams up with psychologist and scholar Tim Kasser, an expert on how happiness and values relate to our materialist society, to create an incomparable cartoon guide to what, exactly, is wrong with modern life, why we’re all so miserable—and what can be done about it.Hypercapitalism is an accessible and pointed cartoon guide to the threats to humans, our society, and the environment posed by the current form of global capitalism. In pointed, profound, and entertaining cartoon narratives, the authors take readers inside the inner workings of the global economy, rendering even the most complex ideas in clear, plain—and sometimes hilarious—terms. A primer for the post-Occupy generation, Hypercapitalism also provides a concise introduction to the thinkers (Stiglitz, Piketty, Sandel, Schor, et al.), movements (voluntary simplicity, the sharing economy, intentional communities, the time-affluence movement), and concepts (hypercapitalism, corporate power, GNP alternatives), that are critical to understanding and changing the world we live in.

WTF?: What's the Future and Why It's Up to Us


Tim O'Reilly - 2017
    In today’s economy, we have far too much dismay along with our amazement, and technology bears some of the blame. In this combination of memoir, business strategy guide, and call to action, Tim O'Reilly, Silicon Valley’s leading intellectual and the founder of O’Reilly Media, explores the upside and the potential downsides of today's WTF? technologies. What is the future when an increasing number of jobs can be performed by intelligent machines instead of people, or done only by people in partnership with those machines? What happens to our consumer based societies—to workers and to the companies that depend on their purchasing power? Is income inequality and unemployment an inevitable consequence of technological advancement, or are there paths to a better future? What will happen to business when technology-enabled networks and marketplaces are better at deploying talent than traditional companies? How should companies organize themselves to take advantage of these new tools? What’s the future of education when on-demand learning outperforms traditional institutions? How can individuals continue to adapt and retrain? Will the fundamental social safety nets of the developed world survive the transition, and if not, what will replace them? O'Reilly is "the man who can really can make a whole industry happen," according to Eric Schmidt, Executive Chairman of Alphabet (Google.) His genius over the past four decades has been to identify and to help shape our response to emerging technologies with world shaking potential—the World Wide Web, Open Source Software, Web 2.0, Open Government data, the Maker Movement, Big Data, and now AI. O’Reilly shares the techniques he's used at O’Reilly Media  to make sense of and predict past innovation waves and applies those same techniques to provide a framework for thinking about how today’s world-spanning platforms and networks, on-demand services, and artificial intelligence are changing the nature of business, education, government, financial markets, and the economy as a whole. He provides tools for understanding how all the parts of modern digital businesses work together to create marketplace advantage and customer value, and why ultimately, they cannot succeed unless their ecosystem succeeds along with them.The core of the book's call to action is an exhortation to businesses to DO MORE with technology rather than just using it to cut costs and enrich their shareholders. Robots are going to take our jobs, they say. O'Reilly replies, “Only if that’s what we ask them to do! Technology is the solution to human problems, and we won’t run out of work till we run out of problems." Entrepreneurs need to set their sights on how they can use big data, sensors, and AI to create amazing human experiences and the economy of the future, making us all richer in the same way the tools of the first industrial revolution did. Yes, technology can eliminate labor and make things cheaper, but at its best, we use it to do things that were previously unimaginable! What is our poverty of imagination? What are the entrepreneurial leaps that will allow us to use the technology of today to build a better future, not just a more efficient one? Whether technology brings the WTF? of wonder or the WTF? of dismay isn't inevitable. It's up to us!

Fifty Inventions That Shaped the Modern Economy


Tim Harford - 2017
    Who thought up paper money? What was the secret element that made the Gutenberg printing press possible? And what is the connection between The Da Vinci Code and the collapse of Lehman Brothers? Fifty Inventions That Shaped the Modern Economy paints an epic picture of change in an intimate way by telling the stories of the tools, people, and ideas that had far-reaching consequences for all of us. From the plough to artificial intelligence, from Gillette’s disposable razor to IKEA’s Billy bookcase, bestselling author and Financial Times columnist Tim Harford recounts each invention’s own curious, surprising, and memorable story. Invention by invention, Harford reflects on how we got here and where we might go next. He lays bare often unexpected connections: how the bar code undermined family corner stores, and why the gramophone widened inequality. In the process, he introduces characters who developed some of these inventions, profited from them, and were ruined by them, as he traces the principles that helped explain their transformative effects. The result is a wise and witty book of history, economics, and biography.

Rethinking the Economics of Land and Housing


Josh Ryan-Collins - 2017
      Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, Rethinking the Economics of Land and Housing argues that in order to tackle these increasingly pressing issues a major re-thinking by both politicians and economists is required. This is the first comprehensive guide to the role of land in the economy, making this an essential reference for students, scholars, policymakers, activists, and NGOs working on land issues.

The Age of Anomaly: Spotting Financial Storms in a Sea of Uncertainty


Andrei Polgar - 2017
    You’re probably reading this because, well, you feel the same way.Perhaps you’re worried about one specific scenario (the death of the banking system, hyperinflation or something else) but then again, maybe you’re not able to identify specific threats. Instead, you just feel “something” is wrong. You feel it deep down inside and it haunts you.Rightfully so, in my opinion!The Age of Anomaly is here to provide much-needed clarity. My name is Andrei Polgar but a lot of you might know me as “the One Minute Economics guy on YouTube” and I’ve never been an economist who desperately wants to sound intelligent.Instead, through my work, I’ve had one goal and one goal only: making economics easy to understand, something traditional education has failed at remarkably. As time passes, my work is featured in more and more universities all over the world. Students love it, people who already graduated feel the same way and even those who aren’t necessarily interested in economics become fascinated by this often misunderstood but amazing field.Why do people like what I do?For one simple reason: because it works.Through The Age of Anomaly, I’ve made it clear that understanding financial calamities and being prepared doesn’t have to involve rocket science. Anyone can do it and frankly, everyone should do it.I’ve provided a “from A to Z” perspective by:1) Analyzing quite a few hand-picked economic calamities of the past, from the tulip mania to the Great Depression, the Great Recession and even case studies pretty much nobody heard of such as the short domain mania of 2015-20162) Drawing parallels and finding common denominators so as to provide tips that help readers become better and better at spotting financial storms3) Explaining that becoming better at spotting financial storms is just not enough. Even I may very well end up being caught off-guard by the next crash and as such, it makes sense to dedicate just at much energy to becoming more resilient in general so as to better withstand anything life throws your wayBy becoming good at spotting financial storms as well as resilient, you’ll be multiple orders of magnitude (and I consider even this the understatement of the century) better off than the average individual, who blissfully chooses to live in a bubble of ignorance!

So You Want to Know About Economics


Roopa Pai - 2017
    Why doesn’t the government simply print more money so that everyone has enough? Who decides that seventy Indian rupees equal one American dollar? How do you figure out what to price a glass of lemonade at the Diwali mela? Are economists really as boring as they look? For answers to these and other mystifying questions, look no further than this fun book! (Psst! You may even catch your adults sneaking a peek inside!).

Inadequate Equilibria: Where and How Civilizations Get Stuck


Eliezer Yudkowsky - 2017
    The story only ends there, however, if you’re fortunate enough to live in an adequate civilization.Eliezer Yudkowsky’s Inadequate Equilibria is a sharp and lively guidebook for anyone questioning when and how they can know better, and do better, than the status quo. Freely mixing debates on the foundations of rational decision-making with tips for everyday life, Yudkowsky explores the central question of when we can (and can’t) expect to spot systemic inefficiencies, and exploit them.

Adaptive Markets: Financial Evolution at the Speed of Thought


Andrew W. Lo - 2017
    This is one of the biggest debates in economics and the value or futility of investment management and financial regulation hang on the outcome. In this groundbreaking book, Andrew Lo cuts through this debate with a new framework, the Adaptive Markets Hypothesis, in which rationality and irrationality coexist.Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency isn't wrong but merely incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo's new paradigm explains how financial evolution shapes behavior and markets at the speed of thought--a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation.A fascinating intellectual journey filled with compelling stories, Adaptive Markets starts with the origins of market efficiency and its failures, turns to the foundations of investor behavior, and concludes with practical implications--including how hedge funds have become the Galapagos Islands of finance, what really happened in the 2008 meltdown, and how we might avoid future crises.An ambitious new answer to fundamental questions in economics, Adaptive Markets is essential reading for anyone who wants to know how markets really work.

How Money Works: The Facts Visually Explained


Beverly Blair Harzog - 2017
    DK's visual approach breaks new ground. In graphics, charts, and diagrams, How Money Works demystifies processes and answers the hundreds of financial questions we all have.Money facilitates the billions of transactions that take place every day across the globe. Using 'need to know' boxes, step-by-step diagrams, and other eye-catching visuals, How Money Works shows you how this is possible. It explains economic theories, how governments raise and control money, what goes on in the stock exchange, how analysts predict where shares are heading, and many other issues. It busts jargon, explaining terms such as quantitative easing, cash flow, bonds, superannuation, and the open market.Our forefathers may have used simple bartering to exchange goods and services, but today we depend on complicated financial instruments for pensions, life assurance, mortgages, and more. How Money Works explains how these work, as well as how to avoid on-line fraud and where to invest.With information on the latest forms of funding and currencies such as Bitcoin, this comprehensive book will fast track you to financial literacy and getting the most from your hard-won cash.

Can We Avoid Another Financial Crisis?


Steve Keen - 2017
    Many leading commentators declared shortly before the crisis that the magical recipe for eternal stability had been found. Less than a year later, the biggest economic crisis since the Great Depression erupted. In this explosive book, Steve Keen, one of the very few economists who anticipated the crash, shows why the self-declared experts were wrong and how ever-rising levels of private debt make another financial crisis almost inevitable unless politicians tackle the real dynamics causing financial instability. He also identifies the economies that have become 'The Walking Dead of Debt', and those that are next in line - including Australia, Belgium, China, Canada and South Korea. A major intervention by a fearlessly iconoclastic figure, this book is essential reading for anyone who wants to understand the true nature of the global economic system.

50 Economics Classics: Your shortcut to the most important ideas on capitalism, finance, and the global economy


Tom Butler-Bowdon - 2017
    Gain the insights and research of contemporary economists and commentators.WINNER - SILVER MEDAL, AXIOM BUSINESS BOOK AWARDS 2018Economics drives the modern world and shapes our lives, but few of us feel we have time to engage with the breadth of ideas in the subject. 50 Economics Classics is the smart person's guide to two centuries of discussion of finance, capitalism and the global economy. From Adam Smith's Wealth of Nations to Thomas Piketty's bestseller Capital in the Twenty-First Century, here are the great reads, seminal ideas and famous texts clarified and illuminated for all.

Machine, Platform, Crowd: Harnessing Our Digital Future


Andrew McAfee - 2017
    Now they’ve written a guide to help readers make the most of our collective future. Machine | Platform | Crowd outlines the opportunities and challenges inherent in the science fiction technologies that have come to life in recent years, like self-driving cars and 3D printers, online platforms for renting outfits and scheduling workouts, or crowd-sourced medical research and financial instruments.

Done: The Secret Deals that are Changing Our World


Jacques Peretti - 2017
    These deals never make the news: they are made high up in boardrooms, on golf courses, and in luxury cars: each sealed by world-changing handshakes. This is the story of those handshakes.

Clashing over Commerce: A History of US Trade Policy


Douglas A. Irwin - 2017
    Such conflict was inevitable, James Madison argued in The Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer.             Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. As the Trump administration considers making major changes to US trade policy, Irwin’s sweeping historical perspective helps illuminate the current debate. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present.

The Infidel and the Professor: David Hume, Adam Smith, and the Friendship That Shaped Modern Thought


Dennis C. Rasmussen - 2017
    In contrast, Adam Smith was a revered professor of moral philosophy, and is now often hailed as the founding father of capitalism. Remarkably, the two were best friends for most of their adult lives, sharing what Dennis Rasmussen calls the greatest of all philosophical friendships. The Infidel and the Professor is the first book to tell the fascinating story of the friendship of these towering Enlightenment thinkers--and how it influenced their world-changing ideas.The book follows Hume and Smith's relationship from their first meeting in 1749 until Hume's death in 1776. It describes how they commented on each other's writings, supported each other's careers and literary ambitions, and advised each other on personal matters, most notably after Hume's quarrel with Jean-Jacques Rousseau. Members of a vibrant intellectual scene in Enlightenment Scotland, Hume and Smith made many of the same friends (and enemies), joined the same clubs, and were interested in many of the same subjects well beyond philosophy and economics--from psychology and history to politics and Britain's conflict with the American colonies. The book reveals that Smith's private religious views were considerably closer to Hume's public ones than is usually believed. It also shows that Hume contributed more to economics--and Smith contributed more to philosophy--than is generally recognized.Vividly written, The Infidel and the Professor is a compelling account of a great friendship that had great consequences for modern thought.

Price Action Market Traps: 7 Trap Strategies Market Psychology Minimal Risk & Maximum Profit


Ray Wang - 2017
     I have described the fundamental concepts of Price Action in the Part I, the basic knowledge which any trader needs. In Part II, I have illustrate seven TRAP setups you can find on any chart, along with examples and studies for you to better understand the TRAP concept. The only consistent setup you will find on every day, every market and every time frame. • Common Trap • The “Stop-Loss” Trap • “The Giant” Trap • “Failed Breakout” Trap • “Back to Back” Trap (Double-Trap) • News Trap • Morning Specials Trap setups come with minimal risk and maximum potential reward. It’s very simple to understand and exploit. This EBook is written in simplest English, that everybody can understand the complexity of market within 1 week.

Marx, Capital and the Madness of Economic Reason


David Harvey - 2017
    Since 1867, when the first of its three volumes was published, it has had a profound effect on politics and economics in theory and practice throughout the world. But Marx wrote in the context of capitalism in the second half of the nineteenth century: his assumptions and analysis need to be updated in order to address to the technological, economic, and industrial change that has followed Capital's initial publication.In Marx, Capital, and the Madness of Economic Reason, David Harvey not only provides a concise distillation of his famous course on Capital, but also makes the text relevant to the twenty-first century's continued processes of globalization. Harvey shows the work's continuing analytical power, doing so in the clearest and simplest terms but never compromising its depth and complexity. Marx, Capital, and the Madness of Economic Reason provides an accessible window into Harvey's unique approach to Marxism and takes readers on a riveting roller coaster ride through recent global history. It demonstrates how and why Capital remains a living, breathing document with an outsized influence on contemporary social thought.

Art of Stock Investing: Leverage on great companies, churning more and more profits every year


Manikandan Ramalingam - 2017
     Leverage on great companies, churning more and more profits every year

The Crisis of the Middle-Class Constitution: Why Economic Inequality Threatens Our Republic


Ganesh Sitaraman - 2017
    A New York Times Notable Book of 2017For most of Western history, Sitaraman argues, constitutional thinkers assumed economic inequality was inevitable and inescapable--and they designed governments to prevent class divisions from spilling over into class warfare. The American Constitution is different. Compared to Europe and the ancient world, America was a society of almost unprecedented economic equality, and the founding generation saw this equality as essential for the preservation of America's republic. Over the next two centuries, generations of Americans fought to sustain the economic preconditions for our constitutional system. But today, with economic and political inequality on the rise, Sitaraman says Americans face a choice: Will we accept rising economic inequality and risk oligarchy or will we rebuild the middle class and reclaim our republic?The Crisis of the Middle-Class Constitution is a tour de force of history, philosophy, law, and politics. It makes a compelling case that inequality is more than just a moral or economic problem; it threatens the very core of our constitutional system.

Sense And Solidarity - Jholawala Economics for Everyone


Jean Drèze - 2017
    He has travelled widely in rural India and done fieldwork of a kind that few economists have attempted. This has enabled him to make invaluable contributions not only to public debates on economic and social policy but also to our knowledge of the actual state of the country.Drèze’s insights on India’s “unfashionable” issues – hunger, poverty, inequality, corruption, and conflict – are all on display here and offer a unique perspective on the evolution of social policy over roughly the past two decades. Historic legislations and initiatives of the period, relating for instance to the right to food and the right to work, are all scrutinised and explained, as are the fierce debates that often accompanied them.“Jholawala” has become a disparaging term for activists in the business media. This book affirms the learning value of collective action combined with sound economic analysis. In his detailed Introduction, Drèze persuasively argues for an approach to development economics where research and action become inseparably interconnected.This is a book as much for economists as for every reading citizen.

Why Socialism Works


Harrison Lievesley - 2017
    Please note this book only contains two words and is entirely satire.

The Retreat of Western Liberalism


Edward Luce - 2017
    Luce argues that we are on a menacing trajectory brought about by ignorance of what it took to build the West, arrogance towards society's economic losers, and complacency about our system's durability--attitudes that have been emerging since the fall of the Berlin Wall. We cannot move forward without a clear diagnosis of what has gone wrong. Unless the West can rekindle an economy that produces gains for the majority of its people, its political liberties may be doomed. The West's faith in history teaches us to take democracy for granted. Reality tells us something troublingly different.Combining on-the-ground reporting with intelligent synthesis of the literature and economic analysis, Luce offers a detailed projection of the consequences of the Trump administration, the rise of European populism, and a forward-thinking analysis of what those who believe in enlightenment values must do to defend them from the multiple onslaughts they face in the coming years.

The Alternative: Most of What You Believe About Poverty Is Wrong


Mauricio L Miller - 2017
    B. Heron Foundation: The Alternative, is not only important reading, it's imperative. Miller, a trained engineer, the one-time manager of a top social service organization and most importantly, the son of a remarkable single mother, has both lived and observed the failings embodied in our attitudes toward the poor and, as a result, the flaws in our systems meant to help people in poverty. He merges heart and soul with system thinking to yield a prescription featuring the real math, trust relationships and courage that can change the "us and them," to "upward together" and put American families in the driver's seat to build their futures.

In the Long Run We Are All Dead: Keynesianism, Political Economy, and Revolution


Geoff Mann - 2017
    The crisis seemed to expose the disaster of small-state, free-market liberalization and deregulation. Keynesian political economy, in contrast, could put the state back at the heart of the economy and arm it with the knowledge needed to rescue us. But what it was supposed to rescue us from was not so clear. Was it the end of capitalism or the end of the world? For Keynesianism, the answer is both. Keynesians are not and never have been out to save capitalism, but rather to save civilization from itself. It is political economy, they promise, for the world in which we actually live: a world in which prices are “sticky,” information is “asymmetrical,” and uncertainty inescapable. In this world, things will definitely not take care of themselves in the long run. Poverty is ineradicable, markets fail, and revolutions lead to tyranny. Keynesianism is thus modern liberalism’s most persuasive internal critique, meeting two centuries of crisis with a proposal for capital without capitalism and revolution without revolutionaries.If our current crises have renewed Keynesianism for so many, it is less because the present is worth saving, than because the future seems out of control. In that situation, Keynesianism is a perfect fit: a faith for the faithless.

The Progressive Era


Murray N. Rothbard - 2017
    It will soon be the must read study of this dreadful time in our past. — From the Foreword by Judge Andrew P. Napolitano The current relationship between the modern state and the economy has its roots in the Progressive Era. — From the Introduction by Patrick Newman Progressivism brought the triumph of institutionalized racism, the disfranchising of blacks in the South, the cutting off of immigration, the building up of trade unions by the federal government into a tripartite big government, big business, big unions alliance, the glorifying of military virtues and conscription, and a drive for American expansion abroad. In short, the Progressive Era ushered the modern American politico-economic system into being. — From the Preface by Murray N. Rothbard

I Do What I Do


Raghuram G. Rajan - 2017
    Rajan took charge as Governor of the Reserve Bank of India in September 2013, the rupee was in free fall, inflation was high, India had a large current account deficit and India’s exchange reserves were falling. As measure after measure failed to stabilize markets, speculators sensed a full-blown crisis and labelled India one of the Fragile Five economies. Rajan’s response was to go all out, not just to tackle the crisis of confidence, but also to send a strong message about the strength of India’s institutions and the country’s ongoing programme of reform. He outlined a vision that went beyond the immediate crisis to focus on long-term growth and stability, thus restoring investor confidence. Boldness and farsightedness would be characteristic of the decisions he took in the ensuing three years.Rajan’s commentary and speeches in I Do What I Do convey what it was like to be at the helm of the central bank in those turbulent but exciting times. Whether on dosanomics or on debt relief, Rajan explains economic concepts in a readily accessible way. Equally, he addresses key issues that are not in any banking manual but essential to growth: the need for tolerance and respect to assure India’s economic progress, for instance, or the connection between political freedom and prosperity. I Do What I Do offers a front-row view into the thinking of one of the world’s most respected economists, one whose commitment to India’s progress shines through in the essays and speeches here. It also brings home what every RBI Governor discovers for himself when he sits down at his desk on the 18th floor: the rupee stops here. Right here!

Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America


Danielle DiMartino Booth - 2017
    She was shocked to discover just how much tunnel vision, arrogance, liberal dogma, and abuse of power drove the core policies of the Fed. DiMartino Booth found a cabal of unelected academics who made decisions without the slightest understanding of the real world, just a slavish devo­tion to their theoretical models. Over the next nine years, she and her boss, Richard Fisher, tried to speak up about the dangers of Fed policies such as quanti­tative easing and deeply depressed interest rates. But as she puts it, “In a world rendered unsafe by banks that were too big to fail, we came to understand that the Fed was simply too big to fight.” Now DiMartino Booth explains what really happened to our economy after the fateful date of December 8, 2008, when the Federal Open Market Committee approved a grand and unprecedented ex­periment: lowering interest rates to zero and flooding America with easy money. As she feared, millions of individuals, small businesses, and major corporations made rational choices that didn’t line up with the Fed’s “wealth effect” models. The result: eight years and counting of a sluggish “recovery” that barely feels like a recovery at all. While easy money has kept Wall Street and the wealthy afloat and thriving, Main Street isn’t doing so well. Nearly half of men eighteen to thirty-four live with their parents, the highest level since the end of the Great Depression. Incomes are barely increasing for anyone not in the top ten percent of earners. And for those approaching or already in retirement, extremely low interest rates have caused their savings to stagnate. Millions have been left vulnerable and afraid. Perhaps worst of all, when the next financial crisis arrives, the Fed will have no tools left for managing the panic that ensues. And then what? DiMartino Booth pulls no punches in this exposé of the officials who run the Fed and the toxic culture they created. She blends her firsthand experiences with what she’s learned from dozens of high-powered market players, reams of financial data, and Fed docu­ments such as transcripts of FOMC meetings. Whether you’ve been suspicious of the Fed for decades or barely know anything about it, as DiMartino Booth writes, “Every American must understand this extraordinarily powerful institution and how it affects his or her everyday life, and fight back.”

The Wisdom of Finance: Discovering Humanity in the World of Risk and Return


Mihir Desai - 2017
    . . the noblest and the most infamous in the world, the finest and most vulgar on earth.” The characterization of finance as deceitful, infamous, and vulgar still rings true today – particularly in the wake of the 2008 financial crisis. But, what happened to the fairest, noblest, and finest profession that de la Vega saw?  De la Vega hit on an essential truth that has been forgotten: finance can be just as principled, life-affirming, and worthy as it can be fraught with questionable practices.  Today, finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession.  How can finance become more accessible and also recover its nobility? Harvard Business School professor Mihir Desai, in his “last lecture” to the graduating Harvard MBA class of 2015, took up the cause of restoring humanity to finance. With incisive wit and irony, his lecture drew upon a rich knowledge of literature, film, history, and philosophy to explain the inner workings of finance in a manner that has never been seen before. This book captures Desai’s lucid exploration of the ideas of finance as seen through the unusual prism of the humanities. Through this novel, creative approach, Desai shows that outsiders can access the underlying ideas easily and insiders can reacquaint themselves with the core humanity of their profession. The mix of finance and the humanities creates unusual pairings: Jane Austen and Anthony Trollope are guides to risk management; Jeff Koons becomes an advocate of leverage; and Mel Brooks’s The Producers teaches us about fiduciary responsibility. In Desai’s vision, the principles of finance also provide answers to critical questions in our lives. Among many surprising parallels, bankruptcy teaches us how to react to failure, the lessons of mergers apply to marriages, and the Capital Asset Pricing Model demonstrates the true value of relationships. THE WISDOM OF FINANCE is a wholly unique book, offering a refreshing new perspective on one of the world’s most complex and misunderstood professions.

J Is for Junk Economics: A Guide to Reality in an Age of Deception


Michael Hudson - 2017
    The book includes more than 400 concise and acerbic entries, several essays, and a full topic index. Expanding on KILLING THE HOST: HOW FINANCIAL PARASITES AND DEBT DESTROY THE GLOBAL ECONOMY, Prof. Hudson's new book covers contemporary terms that are misleading or poorly understood as well as many important concepts that have been abandoned - many on purpose - from the long history of political economy.Two key concepts are RENT THEORY and DEBT, which explain how Unearned Income and the Financial Sector impoverish governments and populations the world over as power and riches flow upward into the hands of the few. Several additional essays provide background for key points and explore today's uncertain political and economic environment.To understand what's really going on, it's not necessary to re-invent the wheel; the major issues that guide healthy economies were known to the Ancients and were expanded upon by the classical economists of the 18th and 19th centuries, including Adam Smith, David Ricardo, John Stuart Mill, E. Peshine Smith, Simon Patten, Karl Marx, Thorstein Veblen, and others of many political stripes whose aim was to leave the brutal legacy of feudalism behind. Their ideas and principles are brought back into the spotlight here. It is hoped that this book will deconstruct today's -value-free, - watered-down and deceptive economics that favor the wealthy, allowing the next generation to create a successful economy with proper checks and balances that will benefit everyone. This is a book you will want to refer to again and again.

The Alternative: Most of What You Believe About Poverty Is Wrong


Mauricio L. Miller - 2017
    B. Heron Foundation: The Alternative, is not only important reading, it’s imperative. Miller, a trained engineer, the one-time manager of a top social service organization and most importantly, the son of a remarkable single mother, has both lived and observed the failings embodied in our attitudes toward the poor and, as a result, the flaws in our systems meant to help people in poverty. He merges heart and soul with system thinking to yield a prescription featuring the real math, trust relationships and courage that can change the “us and them,” to “upward together” and put American families in the driver’s seat to build their futures.

Game of Mates: How Favours Bleed the Nation


Cameron Murray - 2017
    His victim is Bruce, our typical Aussie, who bleeds from the hip pocket because of James' actions. Game of Mates tells a tale of economic theft across major sectors of Australia's economy, showing how James and his group of well-connected Mates siphon off billions from the economy to line their own pockets. In property, mining, transport, banking, superannuation, and many more sectors, James and his Mates cooperate to steal huge chunks of the economic pie for themselves. If you want to know how much this costs the nation, how it is done, and what we can do about it, Game of Mates is the book for you.

India’s Big Government: The Intrusive State & How It's Hurting Us


Vivek Kaul - 2017
    Whether it’s infrastructure, primary education, agriculture, manufacturing and industry, banking, taxation, employment, labour or welfare, Kaul holds the mirror up to modern Indian governments ever since Independence. And it’s not a pretty image to behold. He delves deep and covers a lot of ground in making the case for an India that does not deserve the government that it has, an ambitious government with a questionable track record and one which Indians have quietly accepted till date. But things may be reaching a tipping point now, and Kaul convincingly makes the case that the government needs to totally reform itself before it leads India to disaster. India’s Big Government is a must read for anyone who has an interest in India’s, and therefore their own, future.

Jackson Rising: The Struggle for Economic Democracy and Black Self-Determination in Jackson, Mississippi


Kali Akuno - 2017
    with the highest percentage of Black people, a history of vicious racial terror and concurrent Black resistance is the backdrop and context for the drama captured in the collection of essays that is Jackson Rising: The Struggle for Economic Democracy and Self-Determination in Jackson Mississippi.Undeterred by the uncertainty, anxiety and fear brought about by the steady deterioration of the neoliberal order over the last few years, the response from Black activists of Jackson, Mississippi has been to organize. Inspired by the rich history of struggle and resistance in Mississippi and committed to the vision of the Jackson-Kush Plan, these activists are building institutions rooted in community power that combine politics and economic development into an alternative model for change, while addressing real, immediate needs of the people. The experiences and analyses in this compelling collection reflect the creative power that is unleashed when political struggle is grounded by a worldview freed from the inherent contradictions and limitations of reform liberalism. As such, Jackson Rising is ultimately a story about a process that is organized and controlled by Black people who are openly declaring that their political project is committed to decolonization and socialism. And within those broad strategic and ethical objectives, Jackson Rising is also a project unapologetically committed to self-determination for people of African descent in Mississippi and the South.

You Don't Have to Die Broke: How Ordinary People Can Become Extraordinarily Wealthy


Gerald Peters - 2017
    Anyone regardless age, race, or financial situation can build wealth, eliminate debt, start a home business and best the stock market!

Liberalism Disavowed: Communitarianism and State Capitalism in Singapore


Chua Beng Huat - 2017
    This book explains the evolution of this communitarian ideology, with focus on three areas: public housing, multiracialism and state capitalism, each of which poses different challenges to liberal approaches. With the passing of the first Prime Minister, Lee Kuan Yew and the end of the Cold War, the party is facing greater challenges from an educated populace that demands greater voice. This has led to liberalization of the cultural sphere, greater responsiveness and shifts in political rhetoric, but all without disrupting the continuing hegemony of the PAP in government.

The Silver Way: China, Spanish America and the Birth of Globalisation, 1565-1815


Peter Gordon - 2017
    The "Ruta de la Plata" or "Silver Way" connected Asia and especially China with Spanish America. Gordon and Morales del Pino show how it furthered economic and cultural exchange, and built the foundations for the first global currency and the first "world city," Mexico City, long before the U.S. dollar or London and New York rose to international importance.

The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs


John F. Cogan - 2017
    federal entitlement programs from the Revolutionary War to modern times to identify and understand the common economic and political forces that have caused their nearly continuous growth.

Populism: The Phenomenon


Ray Dalio - 2017
    It's so potent that he and a team at Bridgewater Associates, the $150 billion hedge fund he founded, published a 61-page paper on it.The research is titled, "Populism: The Phenomenon."Dalio defines populism as "a rebellion of the common man against the elites, and to some extent, against the system." Over the last year, it has become a tremendously influential force, he said.He tallied the share of votes received by populist candidates in developed countries around the world to create an index. The chart, on the first page below, shows a spike in populism recently – the highest since the 1930's.

Building State Capability: Evidence, Analysis, Action


Matt Andrews - 2017
    Many of these interventions have limited impact, however; schools get built but children don't learn, IT systems are introduced but not used, plans arewritten but not implemented. These achievement deficiencies reveal gaps in capabilities, and weaknesses in the process of building state capability. This book addresses these weaknesses and gaps. It starts by providing evidence of the capability shortfalls that currently exist in many countries, showing that many governments lack basic capacities even after decades of reforms and capacity building efforts. The book then analyses this evidence, identifying capability traps that hold many governments back - particularly related to isomorphic mimicry (where governments copy best practice solutions from other countries that make them look more capable even if they are not more capable) and premature load bearing (where governments adopt newmechanisms that they cannot actually make work, given weak extant capacities). The book then describes a process that governments can use to escape these capability traps. Called PDIA (problem driven iterative adaptation), this process empowers people working in governments to find and fit solutionsto the problems they face. The discussion about this process is structured in a practical manner so that readers can actually apply tools and ideas to the capability challenges they face in their own contexts. These applications will help readers devise policies and reforms that have more impactthan those of the past.

The Corruption of Capitalism: Why Rentiers Thrive and Work Does Not Pay


Guy Standing - 2017
    Politicians, financiers, and global bureaucrats claim to believe in free, competitive markets, but have constructed the most unfree market system ever made. It is corrupt because income is channelled to the owners of property—financial, physical and intellectual—at the expense of society.This book reveals how global capitalism is rigged in favour of rentiers to the detriment of all of us, especially the precariat. A plutocracy and elite enriches itself, not through production of goods and services, but through ownership of assets, including intellectual property, aided by subsidies, tax breaks, debt mechanisms, revolving doors between politics and business, and the privatization of public services. Rentier capitalism is entrenched by the corruption of democracy, manipulated by the plutocracy and an elite-dominated media.The Corruption of Capitalism argues that rentier capitalism is fostering revolt, and concludes by outlining a new income distribution system that would achieve the extinction of the rentier while promoting sustainable growth.Guy Standing is a professor at the School of Oriental and African Studies, University of London, and is a Fellow of the Academy of Social Sciences. He is currently co-president of the Basic Income Earth Network.

What Has Government Done to Our Money?


Murray N. Rothbard - 2017
    Rothbard explains how money was originally developed, and why gold was chosen as the preferred commodity to use as money. The author also explains how the gold standard makes money a commodity, and how market forces create a stable economy. Rothbard shows that many European governments went bankrupt due to World War I and left the gold standard in order to try to solve their financial issues, which was not the right solution. He also argues that this strategy was partially responsible for World War II and led to economic problems throughout the world.

Rulers, Religion, and Riches: Why the West Got Rich and the Middle East Did Not


Jared Rubin - 2017
    Yet, the modern economy was born in Europe. Why was it not born in the Middle East? In this book Jared Rubin examines the role that Islam played in this reversal of fortunes. It argues that the religion itself is not to blame; the importance of religious legitimacy in Middle Eastern politics was the primary culprit. Muslim religious authorities were given an important seat at the political bargaining table, which they used to block important advancements such as the printing press and lending at interest. In Europe, however, the Church played a weaker role in legitimizing rule, especially where Protestantism spread (indeed, the Reformation was successful due to the spread of printing, which was blocked in the Middle East). It was precisely in those Protestant nations, especially England and the Dutch Republic, where the modern economy was born.• Verbalizes economic models, but avoids mathematics and econometrics, helping readers to understand the arguments without wading through mathematics • Mixes modern economic techniques with historical narrative • Avoids jargon, remaining accessible to readers outside economics

Understanding Marx's Capital: A Reader's Guide


Rob Sewell - 2017
    Written over 150 years ago, it revealed for the first time the real workings of capitalism. It was, however, met with a wall of silence from mainstream economists and the establishment. Despite this, Capital became regarded in the labour movement as the Bible of the working class.Basing himself on the most advanced material of the age, Marx was able to explain the mysteries that the classical economists were incapable of resolving. What is value? Where does profit come from? How are workers exploited? Why does the system face periodic crises?Marx was able to answer these questions by analysing the main contradictions of capitalism. He was able to explain how the system would eventually reach its limits and enter into decline and demise.Like other sciences, political economy has its own terminology, which can sometimes be difficult to digest. Those prepared to overcome such hurdles, however, will find that Marx's Capital contains a veritable feast of ideas and a new way of looking at the world.Written by authors from the International Marxist Tendency, this book is intended to help guide readers through the pages of volume one of Capital. The aim is to bring out the main themes and ideas contained within Marx's economic writings.Understanding Capital allows us to understand the crisis-ridden world around us today - and, most importantly, how we can radically transform it."The philosophers have only interpreted the world, in various ways, " Marx famously asserted. "The point, however, is to change it."

Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World


William F. Mitchell - 2017
    Brexit, the election of Donald Trump, and the neo-nationalist, anti-globalisation and anti-establishment backlash engulfing the West all involve a yearning for a relic of the past: national sovereignty. In response to these challenging times, economist William Mitchell and political theorist Thomas Fazi reconceptualise the nation state as a vehicle for progressive change. They show how despite the ravages of neoliberalism, the state still contains resources for democratic control of a nation's economy and finances. The populist turn provides an opening to develop an ambitious but feasible left political strategy. Reclaiming the State offers an urgent, provocative and prescient political analysis of our current predicament, and lays out a comprehensive strategy for revitalising progressive economics in the 21st century.

The Little Book of the Business Cycle


Raoul Pal - 2017
     And so does every single business. Yet mainstream economists rarely forecast recessions or booms because they don’t spend enough time understanding the Business Cycle. In this book, Raoul Pal, an advisor to many of the world’s greatest hedge fund investors, shows you exactly how you can easily forecast the ups and downs in the economy, your business and your investments better than most on Wall Street. His powerful but simple framework will give you the understanding you need to maximize your profit potential.

The Money Flow Trading System: A Profitable Trend Following System So Easy You Can Run it On Your Phone!


Gerald Peters - 2017
    A Profitable Trend Following System So Easy You Can Run it On Your Phone! Easily Position Yourself on the Right Side of the Trend and Ride the Profits.

A Diary of the Euro Crisis in Cyprus: Lessons for Bank Recovery and Resolution


Panicos Demetriades - 2017
    Written by the former Governor of the Central Bank of Cyprus - Panicos Demetriades - who was in office during this turbulent period, the book presents the Cypriot experience through a series of key events that occurred during his tenure.Written in chronological order, and broadly based on Panicos's personal diary, starting from his first day in office, the book draws on issues in economics, banking, regulation, governance, history, politics, and international relations. Presenting personal witness statements, including records of noteworthy telephone conversations, informal meetings and key events, it discusses key questions like: how did Cyprus become so systemically important to the rest of the euro area? Why was Cyprus treated so harshly in comparison to other countries in similar situations? Why were bank depositors targeted in Cyprus specifically? What role did Cyprus' links with Russia play in the design of the programme? What has been the toxic fallout from the bail in? Are there any longer term implications for the euro?The book will be of interest to all those interested in banking, banking crises, current European affairs, the evolution of the European monetary union, and those with an interest in how Europe and the IMF dealt with crises in peripheral European countries.

China's Crisis of Success


William H Overholt - 2017
    Continued success requires re-invention of its economy and politics. The old economic strategy based on exports and infrastructure now piles up debt without producing sustainable economic growth, and Chinese society now resists the disruptive change that enabled earlier reforms. While China's leadership has produced a strategy for successful economic transition, it is struggling to manage the politics of implementing that strategy. After analysing the economics of growth, William H. Overholt explores critical social issues of the transition, notably inequality, corruption, environmental degradation, and globalisation. He argues that Xi Jinping is pursuing the riskiest political strategy of any important national leader. Alternative outcomes include continued impressive growth and political stability, Japanese-style stagnation, and a major political-economic crisis.

Advice and Dissent: My Life in Public Service


Y.V. Reddy - 2017
    He must seem to be independent - but without offending the government of the day. He is not equal to the government but must convince others that he is not subordinate to it either. And if he can do all this with the right policies in place, he may leave behind a career as illustrious as that of Dr Y.V. Reddy, Governor of the RBI from 2003 to 2008, a time of high growth, low inflation, an appreciated rupee and a robust banking system that withstood the global financial crisis.Advice and Dissent throws light on the lessons of Dr Reddy's fascinating professional life, as on the politics of his years in public service.

The New Poverty


Stephen Armstrong - 2017
    Who are the new poor? And what can we do about it? Today 13 million people are living in poverty in the UK. According to a 2017 report, 1 in 5 children live below the poverty line. The new poor, however, are an even larger group than these official figures suggest. They are more often than not in work, living precariously and betrayed by austerity policies that make affordable good quality housing, good health and secure employment increasingly unimaginable. In The New Poverty investigative journalist Stephen Armstrong travels across Britain to tell the stories of those who are most vulnerable. It is the story of an unreported Britain, abandoned by politicians and betrayed by the retreat of the welfare state. As benefit cuts continue and in-work poverty soars, he asks what long-term impact this will have on post-Brexit Britain and--on the seventy-fifth anniversary of the 1942 Beveridge report--what we can do to stop the destruction of our welfare state.

The Long Space Age: The Economic Origins of Space Exploration from Colonial America to the Cold War


Alexander MacDonald - 2017
    Nations and corporations have placed hundreds of satellites that provide billions of dollars’ worth of communications, scientific, global positioning, and commercial services, while construction has been completed on humanity’s ninth and largest space station. On the planet itself, government agencies, corporations, and individuals plan for the expansion of economic development to the lunar surface, asteroids, and Mars. The future of space exploration seems likely to include a mix of large government funded missions as well as independent private-sector missions.The Long Space Age examines the economic history of American space exploration and spaceflight, from early astronomical observatories to the International Space Station, and argues that the contemporary rise of private-sector efforts is the re-emergence of a long-run trend not a new phenomenon.

Poor Richard's Retirement: Retirement for Everyday Americans


Aaron Clarey - 2017
    Never started a 401k or IRA? Don’t worry. And are you so far behind in your personal finances you’re worried you’ll never be able to retire? It’s all good. Because whether you know it or not, the entire US retirement system is horribly flawed and was doomed to fail anyway. And that’s why every American needs to read “Poor Richard’s Retirement.” “Poor Richard’s Retirement” is a revolutionary retirement system because, unlike today’s conventional retirement planning, it works. It puts retirement easily within the reach of your everyday man. Whether you have student loans, a mortgage, are behind in your retirement planning, or have no retirement savings at all, “Poor Richard’s Retirement” bypasses it all by showing you how little you truly need to retire. And it does so through the simple truth that happiness is not found in $400 yoga pants, luxury SUV’s, McMansions, or whatever lies they’re selling you on TV, but through love of family, friends, and your fellow man. All of which are free. Make retirement infinitely easier and life happier. Buy “Poor Richard’s Retirement” today. Nobody in America has saved enough for retirement…until now.

Private Government: How Employers Rule Our Lives


Elizabeth S. Anderson - 2017
    We normally think of government as something only the state does, yet many of us are governed far more--and far more obtrusively--by the private government of the workplace. In this provocative and compelling book, Elizabeth Anderson argues that the failure to see this stems from long-standing confusions. These confusions explain why, despite all evidence to the contrary, we still talk as if free markets make workers free--and why so many employers advocate less government even while they act as dictators in their businesses.In many workplaces, employers minutely regulate workers' speech, clothing, and manners, leaving them with little privacy and few other rights. And employers often extend their authority to workers' off-duty lives. Workers can be fired for their political speech, recreational activities, diet, and almost anything else employers care to govern. Yet we continue to talk as if early advocates of market society--from John Locke and Adam Smith to Thomas Paine and Abraham Lincoln--were right when they argued that it would free workers from oppressive authorities. That dream was shattered by the Industrial Revolution, but the myth endures.Private Government offers a better way to talk about the workplace, opening up space for discovering how workers can enjoy real freedom.Based on the prestigious Tanner Lectures delivered at Princeton University's Center for Human Values, Private Government is edited and introduced by Stephen Macedo and includes commentary by cultural critic David Bromwich, economist Tyler Cowen, historian Ann Hughes, and philosopher Niko Kolodny.

Karl Marx's Ecosocialism: Capital, Nature, and the Unfinished Critique of Political Economy


Kohei Saito - 2017
    Understandably, this perspective has come under sharp attack, not only from mainstream environmentalists but also from ecosocialists, many of whom reject Marx outright.Kohei Saito's Karl Marx's Ecosocialism lays waste to accusations of Marx's ecological shortcomings. Delving into Karl Marx's central works, as well as his natural scientific notebooks--published only recently and still being translated--Saito also builds on the works of scholars such as John Bellamy Foster and Paul Burkett, to argue that Karl Marx actually saw the environmental crisis embedded in capitalism. "It is not possible to comprehend the full scope of [Marx's] critique of political economy," Saito writes, "if one ignores its ecological dimension."Saito's book is crucial today, as we face unprecedented ecological catastrophes--crises that cannot be adequately addressed without a sound theoretical framework. Karl Marx's Ecosocialism shows us that Marx has given us more than we once thought, that we can now come closer to finishing Marx's critique, and to building a sustainable ecosocialist world.

The Red Trojan Horse


Alasdair Elder - 2017
    It is not a war between armies or nations; it is a war of ideas. It is being fought between the values of the Enlightenment, which have built Western civilization into the greatest civilization in human history, and the values of Marxism. Although traditional Marxism, or Classical Marxism, has been effectively extinct since the 1990's, Cultural Marxism has spread like a disease through every aspect of Western society, threatening to bring that society crashing down. Today, Western politics, education, and even popular entertainment, are saturated with Marxist values. An atmosphere of authoritarian intolerance for honest discourse and freedom of speech is now rife. The purpose of this book is to provide the reader with a compact, yet comprehensive, source of reference for understanding the phenomenon of Cultural Marxism, both in the context of history, and in terms of the present day. Topics covered by this book include; * A history of the philosophical evolution of Cultural Marxism, from the philosophies of Kant and Hegel, to Classical Marxism, to the counter-culture of the 1960's. * How the Frankfurt School developed Cultural Marxism, by combining Classical Marxism with the pseudointellectual schools of Freudian psychoanalysis and Boasian anthropology. *The similarities and differences between Classical and Cultural Marxism. * How Cultural Marxism gained a foothold in Western academia by hijacking identity politics. * The formula of Critical Theory, which allows Cultural Marxists to manipulate and control discourse, by means of the intellectually dishonest redefining of words. * How Cultural Marxism is able to perpetuate itself by establishing self-reinforcing cultural and economic feedback loops. * How Cultural Marxism has created an authoritarian intolerance for debate through the creation of political correctness. * The ideological alliance that Cultural Marxism has engineered between the political Left and radical Islam. * The creation of the modern-day Marxist foot soldier; the Social Justice Warrior, or SJW. * How SJW's behave, and why.

The Political Spectrum: The Tumultuous Liberation of Wireless Technology, from Herbert Hoover to the Smartphone


Thomas W. Hazlett - 2017
    government’s regulation of the airwaves Popular legend has it that before the Federal Radio Commission was established in 1927, the radio spectrum was in chaos, with broadcasting stations blasting powerful signals to drown out rivals. In this fascinating and entertaining history, Thomas Winslow Hazlett, a distinguished scholar in law and economics, debunks the idea that the U.S. government stepped in to impose necessary order. Instead, regulators blocked competition at the behest of incumbent interests and, for nearly a century, have suppressed innovation while quashing out-of-the-mainstream viewpoints.   Hazlett details how spectrum officials produced a “vast wasteland” that they publicly criticized but privately protected. The story twists and turns, as farsighted visionaries—and the march of science—rise to challenge the old regime. Over decades, reforms to liberate the radio spectrum have generated explosive progress, ushering in the “smartphone revolution,” ubiquitous social media, and the amazing wireless world now emerging. Still, the author argues, the battle is not even half won.

A Church for the Poor: Transforming the church to reach the poor in Britain today


Martin Charlesworth - 2017
    However, the culture of many churches fails to attract those they are helping to the very faith that motivates this compassion. Even when people from poorer or working class backgrounds start on a journey of faith, many churches struggle to create an inclusive environment where they can feel welcomed and at home. With biblical insight and practical examples A Church for the Poor, by Martin Charlesworth and Natalie Williams, presents a vision of the church as a place where people from all sections of society can find a home and play a part. It is a call to rethink our traditions and transform the church to reach the poor in Britain today.

The Little Book of Research Writing


Varanya Chaubey - 2017
    

In Pursuit of Wealth: The Moral Case for Finance


Yaron Brook - 2017
    This ambitious book shows readers how we can reframe societal mores and end the vilification of financiers. “This book destroys the myth advanced by Bernie Sanders and Elizabeth Warren that, because it is driven by greed, Wall Street (the financial market) is the source of our economic challenges. Brook and Watkins prove the opposite, which is that finance, because it is a fundamentally moral activity consistent with man’s essential nature, is productive, innovative and a gigantic creator of economic well-being.” —John A. Allison, Retired Chairman and CEO BB&T, Retired President and CEO Cato Institute “The 2008 financial crisis, taxpayer bailouts, and reckless Federal Reserve monetary policy, have enabled the left to both vilify the financial industry and shift the blame for government created problems to Wall Street. Yaron Brook and Don Watkins provide a much-needed counterbalance to this false narrative. Absent government and Fed interference, finance is an integral component of a vibrant free market economy, where value is not extracted but created. If liberal grandstanding and a biased media have blinded you to the truth, this book will open your eyes. ” —Peter Schiff, CEO of Euro Pacific Capital and author of The Real Crash: America’s Coming Bankruptcy—How to Save Yourself and Your Country “An insightful collection of essays that gets to the heart of finance and its tremendous value. Yaron and Don do a masterful job of taking on complex topics and applying concise, objective analysis. It’s rare to find a book that looks at finance from both the economic and moral sides—all while being an enjoyable read.” —Dmitry Balyasny, Balyasny Asset Management “The political issue of our time is, ‘Who caused the financial crisis?’ If you believe, like most people, that it was greedy bankers and an immoral financial system, then most socialist policies are justified. If you believe that only bad government policies could cause a problem that big, then no socialist policies are legitimate. Brook and Watkins in an easy to read, breezy style dismantle the greedy banker argument and illustrate how primitive arguments made more than 2,000 years ago are still with us. This book is a must—especially for non-financial types.” —Jeff Yass, Susquehanna Investment Group “A cogent book explaining why profit motive, wealth creation and independent financial systems are moral imperatives.” —Avery More, Venture Capitalist

Reversing the Apocalypse: Hijacking the Democratic Party to Save the World


Krystal Ball - 2017
    Krystal argues that Donald Trump is a predictable response to the massive economic dislocation of the past 40 years. Reversing the Apocalypse is not simple Trump bashing, but a powerful and self-reflective critique of where the Party went wrong and what Progressives can do to turn the tide. Krystal Ball narrates the modern descent of the Democratic Party from the party of workers and New Deal Progressives to the party of Silicon Valley elites and the managerial class. Tragically, this working class abandonment happened right when ordinary Americans needed the most help. But Krystal’s critique is radically action focused-what can we do to reclaim the Democratic Party for workers and start winning elections again. Critical Praise for Reversing the Apocalypse: "If you read one chapter of this book, it should be 'Preventing the Next Trump', but then you won't be able to put it down." -Lawrence O'Donnell, host of The Last Word on MSNBSC "It's easy to look at the disastrous policies and anti-working class politics of the other side instead of looking in the mirror for how we got here as a country. Krystal's book challenges progressives to look inward-for where we have gotten it wrong and how to think creatively to meet the challenges facing working people. For those within the progressive movement who want to be agents of the change we need-look no further, Krystal has the answers." -Congressman Tim Ryan (D-OH) of Youngstown "There will be many books emerging about how we ended up with Trump and what to do about it, along with others about what the Democratic Party needs to do to recapture its mojo. Some will be good, some not so good; some will be shallow, others deep with ideas and plans. Reversing the Apocalypse is good, deep and necessary." -Norm Ornstein, co-author of It’s Even Worse than it Looks "In Reversing the Apocalypse, Krystal makes it plain that there is a cry for systemic change in America that the political class, particularly Democrats, have failed to answer. She reminds us that we all have the responsibility and amazing opportunity to be the light for each other, our community and nation. In particular, she encourages us to find the causes that unite and ignite us, join forces and build." -Nina Turner, Former Ohio State Senator and Our Revolution board member Krystal has a prescription that includes fielding a dramatically different candidate slate around the country for US Congress, including those earning the minimum wage and those without a college degree. She also argues forcefully that the only litmus tests that matter for Democrats should have to do with economic issues and inclusion-and that the social and cultural issues, such as guns and abortion, need to take a back seat to issues of economic justice. Reversing the Apocalypse also takes on the dominant narrative regarding race in the Democratic Party and shows how a narrow focus on "white privilege" and on lecturing well-intentioned working class whites creates closed mindedness and division instead of receptivity to an economic justice message. If you want to take your party and your country back, not back in time to some mythical 1950s homogeny, but back to the New Deal Radicalism of the 1930s that saved us from the Great Depression, Reversing the Apocalypse has the answers you've been looking for.

Complete Taxation Guide to Canadian Real Estate Taxation: How to Maximize Your Real Estate Portfolio and Minimize Tax


Cherry Chan - 2017
    Most accountants tell you incorporating is not beneficial but you always wonder why so many real estate investors incorporate their portfolio anyway. You may wonder the different type of deductions are available as a real estate investors and whether you would still have any money left after the Tax Man grab his share. This book gives you all the answers you need to start your Canadian real estate investing journey. From basic taxation 101 to setting up multi layered corporate structure, this books provides a practical guide to maximize your deductions and lower your tax liability.

A Good Disruption: Redefining Growth in the Twenty-First Century


Martin Stuchtey - 2017
    But what is the true impact of such disruption on the world's economies, and does it really have the potential to solve global problems such as low growth, inequality and environmental degradation? The provocative answer is that such disruption could indeed solve many of these issues, but that it won't... at least, not on its current trajectory.A Good Disruption highlights some of the huge costs that are at stake, and argues that managing such disruption will be the defining business challenge of the next decade. In order for us to meet that challenge, the book sets out a bold and inspirational vision for a more robust and sustainable economic model.Rich in relevant case studies, and incorporating industry examples from around the world, A Good Disruption accomplishes the remarkable feat of synthesizing key contemporary trends into a coherent world view of how to seize the potential of our collective futures. This is essential reading for policy makers, politicians, business executives and social scientists, as well as anyone who wants a deeper understanding of the impact of disruptive technology and how it can be transformed into a major force for the global good.

Unfinished Business: The Unexplored Causes of the Financial Crisis and the Lessons Yet to be Learned


Tamim Bayoumi - 2017
    banks led to the 2008 financial crisis—with a prescription for preventing another meltdown There have been numerous books examining the 2008 financial crisis from either a U.S. or European perspective. Tamim Bayoumi is the first to explain how the Euro crisis and U.S. housing crash were, in fact, parasitically intertwined.   Starting in the 1980s, Bayoumi outlines the cumulative policy errors that undermined the stability of both the European and U.S. financial sectors, highlighting the catalytic role played by European mega banks that exploited lax regulation to expand into the U.S. market and financed unsustainable bubbles on both continents. U.S. banks increasingly sold sub-par loans to under-regulated European and U.S. shadow banks and, when the bubbles burst, the losses whipsawed back to the core of the European banking system. A much-needed, fresh look at the origins of the crisis, Bayoumi’s analysis concludes that policy makers are ignorant of what still needs to be done both to complete the cleanup and to prevent future crises.

Applied Mainline Economics: Bridging the Gap Between Theory and Public Policy


Matthew D. Mitchell - 2017
    But unless those who employ these techniques also practice what the authors call “mainline” economic thinking, these new empirical methods are liable to generate more heat than light.In this book, Matthew D. Mitchell and Peter J. Boettke summarize the ideas of mainline economics. They begin with a puzzle that has vexed economists for more than 200 years: Why are some societies fabulously wealthy while others are miserably poor? They briefly survey the empirical tools that might answer this question and show that this puzzle cannot be understood without grounding the analysis in theory, suggesting that the first place to start is with mainline economic theory. Throughout the discussion, Mitchell and Boettke offer the reader examples of how these tools have helped researchers and policy analysts bridge the gap between ideas and real-world problems.

Understanding How the Future Unfolds: Using DRIVE to Harness the Power of Today's Megatrends


Terence C.M. Tse - 2017
    While business leaders of the past looked in the sideview mirror to predict the road ahead, we must now look at the greater forces affecting the social, business and economic world today—megatrends. Fortunately, world-renowned scholars and professors Terence Tse and Mark Esposito are here with a fresh, holistic way to think about tomorrow by preparing for it today: DRIVE. The DRIVE framework examines five interrelated megatrends: • Demographic and social changes • Resource scarcity • Inequalities • Volatility, complexity, and scale • Enterprising dynamics By observing today through the lens of DRIVE and understanding how megatrends influence one another, business owners, entrepreneurs, executives, policy makers and individuals can prepare for tomorrow. In this book, they will learn how to simplify the complexities around them, make better-informed decisions, and identify new business opportunities now. They will also discover how to prepare for uncertainty, own the global conversation, and illuminate the blind spots on the journey ahead. With real-world examples from today’s top executives and policy advisors and in-depth analysis of each megatrend, DRIVE is the GPS system for the new global economy. So buckle up, set the destination, and let’s hit the road. About the Authors: Long-term academic partners, Terence Tse and Mark Esposito, are megatrend Strategists who coach executives to find new business opportunities and markets using the DRIVE framework. This dynamic duo also teaches, writes, advises and speaks internationally about the latest business, economic and social developments on a regular basis. Esposito and Tse’s theories have been published in The Economist, Harvard Business Review, World Economic Forum, the Guardian and the Financial Times.

Colossal Deception: How Foreigners Control Our Telecoms Sector


Rigoberto D. Tiglao - 2017
    This is a grave violation of the Philippine Constitution, a fact that was ignored by the Aquino administration when it chose to side with foreign interests instead of following a Supreme Court order to stop the foreign control of a strategic public utility. While claiming to be majority-owned by Filipinos, the reality is that the biggest stockholder of Philippine Long Distance Telephone Co., which operates Smart Communications, is the Indonesian billionaire and former Suharto crony Anthoni Salim with his minor partner the giant Japanese telco NTT. Globe Telecom's biggest stockholder on the other hand is the Singaporean state firm Singtel. With their lucrative duopoly the foreign firms have remitted out of the Philippines gargantuan profits totaling $9 billion from 2000 to 2015. How are these foreign firms able to bypass the constitutional limit on foreign control of public utilities with little resistance from the Philippine body politic? This book exposes the chicanery behind the acquisition of the country's biggest corporations, the corruption and cronyism that had allowed this to happen, and the pernicious plot to amend the Constitution to perpetuate the foreign control of companies over vital sectors of our economy.

The Blue Economy 3.0: The Marriage of Science, Innovation and Entrepreneurship Creates a New Business Model That Transforms Society


Gunter Pauli - 2017
    It details how thistles, considered a weed, is turned into a plastic, a lubricant and a herbicide converting an old petrochemical plant into a biorefinery.

Minister of Finance Incorporated: Ownership and Control of Corporate Malaysia


Edmund Terence Gomez - 2017
    It offers insights into corporate ownership patterns of the country's leading publicly-listed enterprises, controlled ultimately by the state of Malaysia through what has been classified as government-linked investment companies (GLICs). The book is the first in a series of studies that will be published about the huge range of publicly-listed and unquoted enterprises owned by these GLICs, commonly known as government-linked companies (GLCs). To stress why these government enterprises are such important actors in Corporate Malaysia, this study also provides an overview of the GLICs' ownership and control of the leading publicly-listed enterprises quoted on the Bursa Malaysia. Our focus is on the majority ownership that the GLICs have of the GLCs quoted among Bursa Malaysia's top 100 companies, as it stood in 2013.

The Money Formula: Dodgy Finance, Pseudo Science, and How Mathematicians Took Over the Markets


Paul Wilmott - 2017
    Written not from a post-crisis perspective – but from a preventative point of view – this book traces the development of financial derivatives from bonds to credit default swaps, and shows how mathematical formulas went beyond pricing to expand their use to the point where they dwarfed the real economy. You'll learn how the deadly allure of their ice-cold beauty has misled generations of economists and investors, and how continued reliance on these formulas can either assist future economic development, or send the global economy into the financial equivalent of a cardiac arrest. Rather than rehash tales of post-crisis fallout, this book focuses on preventing the next one. By exploring the heart of the shadow economy, you'll be better prepared to ride the rough waves of finance into the turbulent future. Delve into one of the world's least-understood but highest-impact industries Understand the key principles of quantitative finance and the evolution of the field Learn what quantitative finance has become, and how it affects us all Discover how the industry's next steps dictate the economy's future How do you create a quadrillion dollars out of nothing, blow it away and leave a hole so large that even years of "quantitative easing" can't fill it – and then go back to doing the same thing? Even amidst global recovery, the financial system still has the potential to seize up at any moment. The Money Formula explores the how and why of financial disaster, what must happen to prevent the next one.

The Violence of Austerity


Vickie Cooper - 2017
    Since then, this reign of austerity continues to devastate contemporary Britain through a disconnected and unaffected political elite.   In The Violence of Austerity, David Whyte and Vickie Cooper bring together the passionate voices of campaigners and academics to show that rather than stimulating economic growth, austerity policies have led to a dismantling of the social systems that operated as a buffer against economic hardship. Chapters from major contributors—including Danny Dorling, Mary O’Hara and Rizwaan Sabir—show how austerity is a form of institutional violence more socially harmful and far-reaching than other more politicized and publicized forms of violence, such as terrorism or gun violence. Contributors expose highly significant cases of this institutional violence driven by public sector cuts: police attacks on the homeless, violent evictions of the rented sector, risks faced by people on workfare, and more. The Violence of Austerity is a devastating, authoritative study of the myriad ways austerity policies harm people in Britain that will resonate with anyone concerned with the increasing power of the political elite and the future of social welfare.

The Mysteries of Money: Ribbonfarm: The Rust Age (Ribbonfarm Roughs Book 7)


Venkatesh G. Rao - 2017
    In this collection of posts, Venkatesh Rao gamely tackles the mysteries of money, the business world, and the economy. While this volume will not make you rich quick (or slow), supply startup success recipes, or provide guidance on improving margins or setting interest rates, it should be of interest to anyone whose finance and economics curiosities extend beyond the mere making of money to the broader social realities it undergirds. Starting with a core set of essays on metaphors and mental models for money, the volume moves farther afield to the business world, startup culture, and consumer psychology, and ultimately to questions of life beyond the long, legibilizing reach of money.

Why Gold is the Currency of the Free: A short essay about gold, money and freedom


Dominic Frisby - 2017
    There is also a relationship between money and good conduct. The modern system of money and banking is a loathsome beast that impoverishes and enslaves. It has made possible wars that should never have happened, it has made the gap between rich and poor almost irretrievably large and it has facilitated the rape of our earth. The problem is money. The solution is gold. The time has come to follow the yellow brick road. This essay is based on a talk I used to give in 2007–9. I always thought it was quite a good talk, so I resurrect it here in the form of an essay.

Economics in Perspective: A Critical History


John Kenneth Galbraith - 2017
    Examining theories of the past that have a continuing modern resonance, he shows that economics is not a timeless, objective science, but is continually evolving as it is shaped by specific times and places. From Adam Smith's theories during the Industrial Revolution to those of John Maynard Keynes after the Great Depression, Galbraith demonstrates that if economic ideas are to remain relevant, they must continually adapt to the world they inhabit. A lively examination of economic thought in historical context, Economics in Perspective shows how the field has evolved across the centuries.

The Industrial Revolution: A Very Short Introduction


Robert C. Allen - 2017
    With the advent of revolutionary manufacturing technology productivity boomed. Machines were used to spin and weave cloth, steam engines were used to provide reliable power, and industry was fed by the construction of the first railways, a great network of arteries feeding the factories. Cities grew as people shifted from agriculture to industry and commerce. Hand in hand with the growth of cities came rising levels of pollution and disease. Many people lost their jobs to the new machinery, whilst working conditions in the factories were grim and pay was low. As the middle classes prospered, social unrest ran through the working classes, and the exploitation of workers led to the growth of trade unions and protest movements.In this Very Short Introduction, Robert C. Allen analyzes the key features of the Industrial Revolution in Britain, and the spread of industrialization to other countries. He considers the factors that combined to enable industrialization at this time, including Britain's position as a global commercial empire, and discusses the changes in technology and business organization, and their impact on different social classes and groups. Introducing the "winners" and the "losers" of the Industrial Revolution, he looks at how the changes were reflected in evolving government policies, and what contribution these made to the economic transformation.ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

The World in 2018


The Economist - 2017
    The Economist’s writers will be joined by distinguished editors and columnists from other publications: leaders from business, politics, science and the arts will also add their ideas for 2018. It will look ahead to a World Cup in Russia, mid-term elections in America, tourists taken around the moon, plenty of poignant anniversaries—100 years since the Armistice ended fighting on the Western Front, 50 years since the assassination of Martin Luther King and Robert Kennedy, 10 years of Apple’s App Store—and a host of powerful ideas about the future, not least driven by technology: it will be a big year for drones and geoengineering. Beyond the print edition there will be full digital and audio editions, a range of 2018-themed videos, an Economist Radio series and high-profile events in Asia, Europe and America.

Come On!: Capitalism, Short-termism, Population and the Destruction of the Planet


Ernst Ulrich von Weizsäcker - 2017
    The Club of Rome’s warnings published in the book Limits to Growth are still valid. Remedies that are acceptable for the great majority tend to make things worse. We seem to be in a philosophical crisis.  Pope Francis says it clearly: our common home is in deadly danger. Analyzing the philosophical crisis, the book comes to the conclusion that the world may need a “new enlightenment”; one that is not based solely on doctrine, but instead addresses a balance between humans and nature, as well as a balance between markets and the state, and the short versus long term. To do this we need to leave behind working in ”silos” in favor of a more systemic approach that will require us to rethink the organization of science and education. However, we have to act now; the world cannot wait until 7.6 billion people have struggled to reach a new enlightenment.  This book is full of optimistic case studies and policy proposals that will lead us back to a trajectory of sustainability. But it is also necessary to address the taboo topic of population increase. Countries with a stable population fare immensely better than those with continued increase.   Finally, we are presenting an optimistic book from the Club of Rome.

Gendernomics


Carl Adaugeo - 2017
    It explains how supply, demand, marketing and many other facets of economics affect the decisions made in human mating. Did you ever wonder why some men appear to have to beat women off with a stick, while other men could not get female attention if they were covered in $100 bills? Why many men appear to chase after the same woman, or what rules govern the sexual market place? Gendernomics explains this in a straight-forward fashion, in addition to providing a framework on how to become the scarce product in the marketplace.

Boredom


Tom McDonough - 2017
    The current sense of the word emerged simultaneously with industrialization, mass politics, and consumerism. From Manet onwards, when art represents the everyday within modern life, encounters with tedium are inevitable. And starting with modernism's retreat into abstraction through subsequent demands placed on audiences, from the late 1960s to the present, the viewer's endurance of repetition, slowness or other forms of monotony has become an anticipated feature of gallery-going.In contemporary art, boredom is no longer viewed as a singular experience; rather, it is contingent on diverse social identifications and cultural positions, and exists along a spectrum stretching from a malign condition to be struggled against to an something to be embraced or explored as a site of resistance. This anthology contextualizes the range of boredoms associated with our neoliberal moment, taking a long view that encompasses the political critique of boredom in 1960s France; the simultaneous aesthetic embrace in the United States of silence, repetition, or indifference in Fluxus, Pop, Minimalism and conceptual art; the development of feminist diagnoses of malaise in art, performance, and film; punk's social critique and its influence on theories of the postmodern; and the recognition, beginning at the end of the 1980s, of a specific form of ennui experienced in former communist states. Today, with the emergence of new forms of labor alienation and personal intrusion, deadening forces extend even further into subjective experience, making the divide between a critical and an aesthetic use of boredom ever more tenuous.Artists surveyed include Chantal Akerman, Francis Alÿs, John Baldessari, Vanessa Beecroft, Bernadette Corporation, John Cage, Critical Art Ensemble, Merce Cunningham, Marcel Duchamp, Fischli & Weiss, Claire Fontaine, Dick Higgins, Jasper Johns, Donald Judd, Ilya Kabakov, Boris Mikhailov, Robert Morris, John Pilson, Sigmar Polke, Yvonne Rainer, Robert Rauschenberg, Ad Reinhardt, Gerhard Richter, Situationist International, Mierle Laderman Ukeles, Andy Warhol, Faith Wilding, Janet ZweigWriters includeIna Blom, Nicolas Bourriaud, Jennifer Doyle, Alla Efimova, Jonathan Flatley, Julian Jason Haladyn, The Invisible Committee, Jonathan D. Katz, Chris Kraus, Tan Lin, Sven Lutticken, John Miller, Agne Narusyte, Sianne Ngai, Peter Osborne, Patrice Petro, Christine Ross, Moira Roth, David Foster Wallace, Aleksandr Zinovyev

Sustainable Tourism on a Finite Planet: Environmental, Business and Policy Solutions


Megan Epler Wood - 2017
    It documents how technology and the growing global middle class are driving a travel revolution which requires a new paradigm in managing tourism destinations. Travel and tourism supply chains and business models for hotels, tour operators, cruise lines, airlines and airports are analysed and environmental management techniques are proposed for each sector. A pragmatic set of solutions are offered to support the transition to lower impact tourism development worldwide.It recommends that decision makers assess the current and future value of natural, social, and cultural capital to guide investment in destinations and protect vital resources. Case studies illustrate why budgets to protect local destinations are consistently underestimated and offer guidance on new metrics. Innovative approaches are proposed to support the transition to green infrastructure, protect incomparable landscapes, and engage local people in the monitoring of vital indicators to protect local resources.It provides students, professionals, and policy makers with far-reaching recommendations for new educational programs, professional expertise, financing, and legal frameworks to lower tourism's rapidly escalating carbon impacts and protect the health and well-being of local populations, ecosystems, cultures, and monuments worldwide.

Basic Income: And How We Can Make It Happen


Guy Standing - 2017
    Standing's analysis is vital' Paul Mason'Guy Standing has been at the forefront of the movement for nearly 4 decades, and in this superb and thorough survey he explains how it works and why it has the potential to revitalise life and democracy in our societies. This is an essential book.' Brian EnoShouldn't everyone receive a stake in society's wealth?Could we create a fairer world by granting a guaranteed income to all?What would this mean for our health, wealth and happiness?Basic Income is a regular cash transfer from the state, received by all individual citizens. It is an acknowledgement that everyone plays a part in generating the wealth currently enjoyed only by a few. Political parties across the world are now adopting it as official policy and the idea generates headlines every day. Guy Standing has been at the forefront of thought about Basic Income for the past thirty years, and in this book he covers in authoritative detail its effects on the economy, poverty, work and labour; dissects and disproves the standard arguments against Basic Income; explains what we can learn from pilots across the world and illustrates exactly why a Basic Income has now become such an urgent necessity.

After Piketty: The Agenda for Economics and Inequality


Heather Boushey - 2017
    But are its analyses of inequality and economic growth on target? Where should researchers go from here in exploring the ideas Piketty pushed to the forefront of global conversation? A cast of economists and other social scientists tackle these questions in dialogue with Piketty, in what is sure to be a much-debated book in its own right.After Piketty opens with a discussion by Arthur Goldhammer, the book's translator, of the reasons for Capital's phenomenal success, followed by the published reviews of Nobel laureates Paul Krugman and Robert Solow. The rest of the book is devoted to newly commissioned essays that interrogate Piketty's arguments. Suresh Naidu and other contributors ask whether Piketty said enough about power, slavery, and the complex nature of capital. Laura Tyson and Michael Spence consider the impact of technology on inequality. Heather Boushey, Branko Milanovic, and others consider topics ranging from gender to trends in the global South. Emmanuel Saez lays out an agenda for future research on inequality, while a variety of essayists examine the book's implications for the social sciences more broadly. Piketty replies to these questions in a substantial concluding chapter.An indispensable interdisciplinary work, After Piketty does not shy away from the seemingly intractable problems that made Capital in the Twenty-First Century so compelling for so many.

Intellectual Property: A Very Short Introduction


Siva Vaidhyanathan - 2017
    We all use intellectual property. Intellectual property is the most pervasive yet least understood way we regulate expression. Despite its importance to so many aspects of the global economy and daily life, intellectual property policy remains a confusing and arcane subject. This engaging book clarifies both the basic terms and the major conflicts surrounding these fascinating areas of law, offering a layman's introduction to copyright, patents, trademarks, and other forms of knowledge falling under the purview of intellectual property rights. Using vivid examples, noted media expert Siva Vaidhyanathan illustrates the powers and limits of intellectual property, distilling with grace and wit the complex tangle of laws, policies, and values governing the dissemination of ideas, expressions, inventions, creativity, and data collection in the modern world.Vaidhyanathan explains that intellectual property exists as it does because powerful interests want it to exist. The strongest economies in the world have a keen interest in embedding rigid methods of control and enforcement over emerging economies to preserve the huge economic interests linked to their copyright industries-film, music, software, and publishing. For this reason, the fight over the global standardization of intellectual property has become one of the most important sites of tension in North-South global relations. Through compelling case studies, including those of Starbucks, Coca-Cola, Sony, Amazon, and Google Books, Vaidhyanathan shows that the modern intellectual property systems reflect three centuries of changes in politics, economics, technologies, and social values. Although it emerged from a desire to foster creativity while simultaneously protecting it, intellectual property today has fundamentally shifted to a political dimension.