It’s about markets.The past twenty-five years have witnessed a remarkable shift in how we get the stuff we want. If you’ve ever owned a business, rented an apartment, or shopped online, you’ve had a front-row seat for this revolution-in-progress. Breakthrough companies like Amazon and Uber have disrupted the old ways and made the economy work better—all thanks to technology.At least that’s how the story of the modern economy is usually told. But in this lucid, wry book, Ray Fisman and Tim Sullivan show that the revolution is bigger than tech: it is really a story about the transformation of markets. From the auction theories that power Google’s ad sales algorithms to the models that online retailers use to prevent internet fraud, even the most high-tech modern businesses are empowered by theory first envisioned by economists.And we’re all participants in this revolution. Every time you book a room on Airbnb, hire a car on Lyft, or click on an ad, you too are reshaping our social institutions and our lives.The Inner Lives of Markets is necessary reading for the modern world: it reveals the blueprint for how we work, live, and shop, and offers wisdom for how to do it better.

    Undisputed heavyweight champion of the world. Prodigious, powerful boxer who won 50 of his 58 fights -- 44 by knockout. Lesser known is how Tyson became one of the fiercest fighters of all time. The absolutely improbable tale began when a troubled young kid met a cantankerous old trainer at a small boxing gym in the sleepy town of Catskill, New York. Cus D'Amato would change the whole trajectory of Tyson's life, teaching him everything he knew about success in and out of the ring, before dying just a year before his protege became the youngest heavyweight champion of the world at the age of 20. How did this hard-boiled trainer turn a kid who'd been abandoned by his parents, mercilessly bullied, and imprisoned for dozens of crimes, into a pedigree pugilist? How did he take an unfocused, insecure, lost young man and turn him into a champion who lived to train, fought with an unconquerable spirit, and positively lusted after victory? Cus did it by teaching Tyson the way of the warrior monk -- the art of focus and ferocity. In this short and punchy book, we uncover the five universally-applicable strategic principles of Cus' philosophy. Included are details on: The contents of Cus's library, and the books he gave Tyson to read Tyson's training routine The mental affirmations and tactics Cus shared with Tyson to strengthen his mind Cus's approach to making fear your friend instead of your foe No matter what kind of fight you're in, the savage wisdom of one of boxing's greatest minds will help you come out the victor.

    Why are experts so bad at making predictions? Why do rich people take outsized risks to reach for money they don't need? Is America's manufacturing base really dwindling? What did we learn about risk after 9/11? Those questions and many more are tackled in these 21 irreverent and contrarian essays, which will have readers thinking differently about the conventional wisdom.

    Dent Jr., bestselling author of The Demographic Cliff and The Sale of a Lifetime, predicted the populist wave that has driven the Brexit vote, the election of Donald Trump, and other recent shocks around the world. Now he returns with the definitive guide to protect your investments and prosper in the age of the anti-globalist backlash.The turn of the 2020s will mark an extremely rare convergence of low points for multiple political, economic, and demographic cycles. The result will be a major financial crash and global upheaval that will dwarf the Great Recession of the 2000s—and maybe even the Great Depression of the 1930s. We’re facing the onset of what Dent calls “Economic Winter.”   In Zero Hour, he and Andrew Pancholi (author of The Market Timing Report newsletter) explain all of these cycles, which influence everything from currency valuations to election returns, from economic growth rates in Asia to birthrates in Europe. You’ll learn, for instance:   • Why the most-hyped technologies of recent years (self-driving cars, artificial intelligence, virtual reality, blockchain) won’t pay off until the 2030s.    • Why China may be the biggest bubble in the global economy (and you’d be a fool to invest there).    • Why you should invest in the healthcare and pharmaceutical industries, and pull out of real estate and automotive.    • Why putting your faith in gold is a bad idea.   Fortunately, Zero Hour includes a range of practical strategies to help you turn the upheaval ahead to your advantage, so your family can be prepared and protected.

    

    He and his wife, Ding, are the parents of an infant and enjoy a contented marriage; he develops a fond obsession with President Calvin Coolidge, the taciturn New Englander whose wry wit and wisdom delights Chai. One day, a chance discovery leads him astray: He learns that a lover from his youth is now in Boston, living with her husband and their son. The son is Chai's very image, and the staid banker is inflamed by the implications of the resemblance. Confused by his emotions, he becomes determined to revive the affair. How Ding schemes to win back her wayward husband--and teach him the necessary truths about love--forms the plot and beguiling conclusion to John Derbyshire's tale.

    A spiritual history ranging from the first English settlements to the present day, the book is also a lively, deeply learned meditation on hope.Andrew Delbanco tells of the stringent God of Protestant Christianity, who exerted immense force over the language, institutions, and customs of the culture for nearly 200 years. He describes the falling away of this God and the rise of the idea of a sacred nation-state. And, finally, he speaks of our own moment, when symbols of nationalism are in decline, leaving us with nothing to satisfy the longing for transcendence once sustained by God and nation.From the Christian story that expressed the earliest Puritan yearnings to New Age spirituality, apocalyptic environmentalism, and the multicultural search for ancestral roots that divert our own, The Real American Dream evokes the tidal rhythm of American history. It shows how Americans have organized their days and ordered their lives--and ultimately created a culture--to make sense of the pain, desire, pleasure, and fear that are the stuff of human experience. In a time of cultural crisis, when the old stories seem to be faltering, this book offers a lesson in the painstaking remaking of the American dream.

    Bagehot's book set down the principles that helped define the role of modern central banks, particularly in times of crisis--but the recent global financial meltdown has posed unforeseen challenges. The New Lombard Street lays out the innovative principles needed to address the instability of today's markets and to rebuild our financial system.Revealing how we arrived at the current crisis, Perry Mehrling traces the evolution of ideas and institutions in the American banking system since the establishment of the Federal Reserve in 1913. He explains how the Fed took classic central banking wisdom from Britain and Europe and adapted it to America's unique and considerably more volatile financial conditions. Mehrling demonstrates how the Fed increasingly found itself serving as the dealer of last resort to ensure the liquidity of securities markets--most dramatically amid the recent financial crisis. Now, as fallout from the crisis forces the Fed to adapt in unprecedented ways, new principles are needed to guide it. In The New Lombard Street, Mehrling persuasively argues for a return to the classic central bankers' "money view," which looks to the money market to assess risk and restore faith in our financial system.

    Yet few would argue that inequality is a greater evil than poverty. The poor suffer because they don't have enough, not because others have more, and some have far too much. So why do many people appear to be more distressed by the rich than by the poor?In this provocative book, the #1 "New York Times" bestselling author of "On Bullshit" presents a compelling and unsettling response to those who believe that the goal of social justice should be economic equality or less inequality. Harry Frankfurt, one of the most influential moral philosophers in the world, argues that we are morally obligated to eliminate poverty--not achieve equality or reduce inequality. Our focus should be on making sure everyone has a sufficient amount to live a decent life. To focus instead on inequality is distracting and alienating.At the same time, Frankfurt argues that the conjunction of vast wealth and poverty is offensive. If we dedicate ourselves to making sure everyone has enough, we may reduce inequality as a side effect. But it's essential to see that the ultimate goal of justice is to end poverty, not inequality.A serious challenge to cherished beliefs on both the political left and right, "On Inequality" promises to have a profound impact on one of the great debates of our time.

    These are the best pieces from some of the most respected money managers and investment researchers in the world.You'll get valuable insights into:-- The strategies that produce some of the highest historical returns -- Five due diligence questions we must ask before investing -- Why we often make poor "complex" investing decisions -- The easiest, most powerful method to estimate future stock returns -- How to spend our investment gains to maximize genuine happinessThe Best Investment Writing - Volume 1 reads like a masters course in investing. See how it can help you become a better investor today.With contributions from: Jason Zweig, Gary Antonacci, Morgan Housel, Ben Hunt, Todd Tresidder, Patrick O'Shaughnessy, Meb Faber, David Merkel, Norbert Keimling, Adam Butler, Stan Altshuller, Tom McClellan, Jared Dillian, Raoul Pal, Barry Ritholtz, Ken Fisher, Chris Meredith, Aswath Damodaran, Ben Carlson, Dave Nadig, Josh Brown, Corey Hoffstein, Jason Hsu, Wes Gray, John Reese, Larry Swedroe, Cullen Roche, Jonathan Clements, Michael Kitces, Charlie Bilello, John Mauldin

    For instance, the average mall shopper will spend about $100, then leave when she hits that limit. She'll probably buy shoes rather than clothing, because she doesn't want to think about her dress size. And the store most likely to get her money isn't the one with the nicest display or the deepest discounts-it's the one closest to her parking spot.In his consulting with dozens of leading companies, Michael J. Silverstein has interviewed thousands of customers, extracting fascinating patterns about what really drives their purchase decisions. His first book, the acclaimed bestseller Trading Up, has taught a generation of marketers about the "new luxury" phenomenon, and why consumers will happily pay a steep premium for goods and services that are emotionally satisfying, from golf clubs to bathroom fixtures to beauty products.But Trading Up revealed only part of the story of the new consumer. The same middle-class people who are happily trading up at Victoria's Secret and Panera are going on treasure hunts at Costco and Home Depot. And they are often getting as much emotional satisfaction in the discount stores as in the luxury stores. TREASURE HUNT shows how even the most mundane shopping-for things like paper towels and pet food-has become an adventure rather than a tedious chore.In just about every category, both the high end and the low end are growing and innovation- rich. Many middle-class consumers gladly spend $5 a day for a Starbucks venti latte; others spend forty cents a day on home-brewed coffee, feel good about their frugality, and save up the difference to buy Apple's newest Nano. TREASURE HUNT explains the success of companies as diverse as Dollar General, H. E. Butt, eBay, Commerce Bank, and Tchibo.But beware: in our bifurcated global market, businesses need a clear strategy for aiming high or low, while avoiding the treacherous middle, where so many have recently stumbled. If your offering isn't exciting enough to inspire trading up, but not enough of a bargain to satisfy the treasure hunters, you'll have no emotional connection with your target audience. And then, as many fallen companies have discovered, your tried-and-true marketing strategies will go into a severe stall.TREASURE HUNT takes us into the homes of real people making real decisions, and into the CEO's offices of innovative companies finding new ways to accommodate them. Written with the same flair, empathy, and intelligence that made Trading Up an instant classic, this is an essential guide to the moods and habits of the constantly changing consumer.

    L. Mencken's astonishing career as the premier American social critic of the twentieth century. Gathered by Mencken himself before he died in 1956, this second chrestomathy ("a collection of selected literary passages," with the accent on the tom) contains writings about a variety of subjects - politics, war, music, literature, men and women, lawyers, brethren of the cloth. Some of his essays have beguiling titles - "Notes for an Honest Autobiography," "The Commonwealth of Morons," "Le Vice Anglais," "Acres of Babble," "Hooch for the Artist." All of them are a pleasure to read, and we are reminded that what Mencken wrote in the early years of this century remains applicable to a very different America.Publishers WeeklyThis book's precursor, A Mencken Chrestomathy (collection), was a bestseller in 1949; this anthology of 238 short excerpts from a range of works, selected and annotated by Mencken but unfinished, lay undisturbed in a Baltimore library until Teachout, an arts columnist for the New York Daily News, found it in 1992, while working on a Mencken biography. Teachout considers Mencken's work still immediate. Indeed, quotable lines abound: ``His public life is an endless series of evasions and false pretenses,'' writes Mencken on ``the politician under democracy.'' Baltimore's bard can be magnificent and maddening in the same passage, damning American idiocies while disparaging immigrants. But what impresses most about this collection is Mencken's breadth; few contemporary writers would assume such a broad brief, writing not only about politics, law and the clergy but also about geography, literature, music and drink. To apply a Mencken sobriquet, he was no lesser eminento. (Jan.)Library JournalSelected as a continuation of the original chrestomathy by the Baltimore iconoclast himself before his death, this logically organized sampling of his pre-Depression credos (mostly from The Smart Set and American Mercury) suggests why Mencken was to a whole generation of American youth not just a witty newspaperman with a dazzling style but a force gleefully battering America's deep-rooted Puritan inhibitions. An early champion of Sinclair Lewis, Eugene O'Neill, and Theodore Dreiser, Mencken ridiculed America's institutions, from Rotary Clubs to Harvard professors to the Senate. Sometimes wrongheaded in his judgments, he was unschooled but self-educated in music and politics. His views are sometimes racist and sexist, but they're seldom dull and-in an age of self-conscious "niceness"-never polite. Well worth dipping into.-Charles C. Nash, Cottey Coll., Nevada, Mo.Gilbert TaylorFollowing My Life as Author and Editor" (1993) and Fred Hobson's biography , the Menckenian revival continues apace with this sparkling successor to the first chrestomathy, which was a best-seller in 1949. More than an anthology, the second volume represents pieces (some previously unpublished) that Mencken himself selected and revised before his stroke aborted the project; another proposal to publish came to nought in 1963. Over 60 percent of the 238 items, many from Mencken's magazines Smart Set" and American Mercury", are not available elsewhere, which in itself makes the publication of this title something of a literary event. That it parades again the sage of Baltimore in his incisive, if often irksome, eloquence only confirms him as one of the better belletrists of the century. The job of discriminator of taste exists to be seized in any age, and in the teens and twenties, Mencken extolled and excoriated with idiosyncratic abandon. The books and music he reviewed have faded from memory, but his satirical exfoliations remain fresh, for example, in praise of a bartender's memoir of the bibulous arts or in contempt for a Rotarian's history of his organization. Edited by New York critic Terry Teachout, who is preparing his own biography of the provocateur, this entertaining, exasperating collection captures Mencken's gloomy view of human nature and his bright delight in stripping from it all cant and concealment.

    Maybe you’ve always dreamt of doing your own thing and earning money under your own terms but are too scared to take the leap. Or perhaps you feel trapped in a job that pays the bills but just doesn’t do it for you. You’re not alone. Our relationship with money is linear; we’re taught more is better, but that’s about it! We rarely question what financial success and freedom mean for us personally or educate ourselves on how to be smart with our money and earn it in the way that we want. Starting with the most important question ‘what does a plentiful and financially successful life mean to YOU?’, this book will educate and empower the reader with practical activities and digestible advice on the topics of Understanding, Earning, Making, Investing and Spending your money. From getting on the property ladder, negotiating your way through a career pivot, to getting a pay rise, making an investment or starting the business you’ve always dreamed about, this book is a blueprint for financial freedom. "

    Now, for the first time, with his trademark wisdom and philosophical generosity, he turns his attention to his most important role yet: grandparent.In Grand, Johnson shares stories from his life with his six-year-old grandson, Emery, weaving in advice and life lessons that stand the test of time. “Looking at the problems I see in the world around me,” Johnson writes, “I realize that there are so many things I want to say to him about the goodness and beauty that life offers. What are the perennial truths that I can impart to Emery that might make his journey through life easier or more rewarding?” Johnson shares these truths and more, offering profound meditations on family, race, freedom and creativity.Joyful, lucid and deeply comforting, Grand is Johnson at his most accessible and profound, an indispensable compendium for new grandparents and growing grandchildren alike, from one of America’s most revered thinkers.

    [2]. "A publication of the Center for the Book in the Library of Congress"--T.p. verso. Letter of transmittal (p. [1]) from: Book-of-the-Month Club, Inc. Originally published: Washington [D.C.] : Library of Congress, 1987.