An Appeal to Reason: A Cool Look at Global Warming
Nigel Lawson - 2008
Lawson carefully and succinctly examines all aspects of the global warming issue: the science, the economics, the politics, and the ethics. He concludes that the conventional wisdom on the subject is suspect on a number of grounds, that global warming is not the devastating threat to the planet it is widely alleged to be, and that the remedy that is currently being proposed, which is in any event politically unattainable, would be worse that the threat it is supposed to avert. Argued with logic, common sense, and even wit, and thoroughly sourced and referenced, Lawson has written a long overdue corrective to the barrage of spin and hype to which the politicians and media have been subjecting the public on this important issue.
Capitalism Without Capital: The Rise of the Intangible Economy
Jonathan Haskel - 2017
For the first time, the major developed economies began to invest more in intangible assets, like design, branding, R&D, and software, than in tangible assets, like machinery, buildings, and computers. For all sorts of businesses, from tech firms and pharma companies to coffee shops and gyms, the ability to deploy assets that one can neither see nor touch is increasingly the main source of long-term success.But this is not just a familiar story of the so-called new economy. Capitalism without Capital shows that the growing importance of intangible assets has also played a role in some of the big economic changes of the last decade. The rise of intangible investment is, Jonathan Haskel and Stian Westlake argue, an underappreciated cause of phenomena from economic inequality to stagnating productivity.Haskel and Westlake bring together a decade of research on how to measure intangible investment and its impact on national accounts, showing the amount different countries invest in intangibles, how this has changed over time, and the latest thinking on how to assess this. They explore the unusual economic characteristics of intangible investment, and discuss how these features make an intangible-rich economy fundamentally different from one based on tangibles.Capitalism without Capital concludes by presenting three possible scenarios for what the future of an intangible world might be like, and by outlining how managers, investors, and policymakers can exploit the characteristics of an intangible age to grow their businesses, portfolios, and economies.
Prisoner's Dilemma: John von Neumann, Game Theory, and the Puzzle of the Bomb
William Poundstone - 1992
Though the answers may seem simple, their profound implications make the prisoner's dilemma one of the great unifying concepts of science. Watching players bluff in a poker game inspired John von Neumann--father of the modern computer and one of the sharpest minds of the century--to construct game theory, a mathematical study of conflict and deception. Game theory was readily embraced at the RAND Corporation, the archetypical think tank charged with formulating military strategy for the atomic age, and in 1950 two RAND scientists made a momentous discovery.Called the prisoner's dilemma, it is a disturbing and mind-bending game where two or more people may betray the common good for individual gain. Introduced shortly after the Soviet Union acquired the atomic bomb, the prisoner's dilemma quickly became a popular allegory of the nuclear arms race. Intellectuals such as von Neumann and Bertrand Russell joined military and political leaders in rallying to the preventive war movement, which advocated a nuclear first strike against the Soviet Union. Though the Truman administration rejected preventive war the United States entered into an arms race with the Soviets and game theory developed into a controversial tool of public policy--alternately accused of justifying arms races and touted as the only hope of preventing them.A masterful work of science writing, Prisoner's Dilemma weaves together a biography of the brilliant and tragic von Neumann, a history of pivotal phases of the cold war, and an investigation of game theory's far-reaching influence on public policy today. Most important, Prisoner's Dilemma is the incisive story of a revolutionary idea that has been hailed as a landmark of twentieth-century thought.
The Constitution of Liberty
Friedrich A. Hayek - 1960
Hayek's book, first published in 1960, urges us to clarify our beliefs in today's struggle of political ideologies.
Bourbon for Breakfast: Living Outside the Statist Quo
Jeffrey Tucker - 2010
Perhaps the biggest mess it makes is in our minds. Its pervasive interventions in every sector affect the functioning of society in so many ways, we are likely to intellectual adapt rather than fight. Tucker proposes another path: see how the state has distorted daily life, rethink how things would work without the state, and fight against the intervention in every way that is permitted.Whether that means hacking your showerhead, rejecting prohibitionism, searching for large-tank toilets, declining to use government courts, homeschooling, embracing alternative micro-cultures, watching pro-freedom movies, baking at home, maintaining manners and standards of dress, publishing without copyright, and just living outside what he calls the "statist quo," we should not lose touch with what freedom means, even in these times.The essays cover commercial life, digital media, culture, food, literature, religion, music, and a host of other issues -- all from the perspective a Misesian-Rothbardian struggling to get by in a world in which the walls of the state have been closing in. He writes about the glories of commerce, the horrors of jail, the joy of private life, and defends a kind of aristocratic radicalism in times of increasingly restricted choices.
Merchants of Doubt: How a Handful of Scientists Obscured the Truth on Issues from Tobacco Smoke to Global Warming
Naomi Oreskes - 2010
scientific community has long led the world in research on such areas as public health, environmental science, and issues affecting quality of life. Our scientists have produced landmark studies on the dangers of DDT, tobacco smoke, acid rain, and global warming. But at the same time, a small yet potent subset of this community leads the world in vehement denial of these dangers.Merchants of Doubt tells the story of how a loose-knit group of high-level scientists and scientific advisers, with deep connections in politics and industry, ran effective campaigns to mislead the public and deny well-established scientific knowledge over four decades. Remarkably, the same individuals surface repeatedly—some of the same figures who have claimed that the science of global warming is "not settled" denied the truth of studies linking smoking to lung cancer, coal smoke to acid rain, and CFCs to the ozone hole. "Doubt is our product," wrote one tobacco executive. These "experts" supplied it.Naomi Oreskes and Erik M. Conway, historians of science, roll back the rug on this dark corner of the American scientific community, showing how ideology and corporate interests, aided by a too-compliant media, have skewed public understanding of some of the most pressing issues of our era.
Big Coal: The Dirty Secret Behind America's Energy Future
Jeff Goodell - 2006
Goodell debunks the faulty assumptions underlying coal's revival and shatters the myth of cheap coal energy.In the tradition of Rachel Carson and Eric Schlosser, the veteran journalist Jeff Goodell examines the danger behind President George W. Bush's recent assertion that coal is America's "economic destiny." Despite a devastating, century-long legacy that has claimed millions of lives and ravaged the environment, coal has become hot again -- and will likely get hotter. In this penetrating analysis, Goodell debunks the faulty assumptions underlying coal's revival and shatters the myth of cheap coal energy. In a compelling blend of hard-hitting investigative reporting, history, and industry assessment, Goodell illuminates the stark economic imperatives America faces and the collusion of business and politics -- what is meant by "big coal" -- that have set us on the dangerous course toward reliance on this energy source.Few of us realize that even today we burn a lump of coal every time we flip on a switch. Coal already supplies more than half the energy needed to power our iPods, laptops, lights -- anything we use that consumes electricity. Our desire to find a homegrown alternative to Mideast oil, the rising cost of oil and natural gas, and the fossil fuel-friendly mood in Washington will soon push our coal consumption through the roof. Because we have failed to develop alternative energy sources, coal has effectively become the default fuel for the twenty-first century.
Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression
Robert R. Prechter Jr. - 2002
Look out below as the rest become reality." Jim Puplava, host, financialsense.com ____________
A year after Conquer the Crash published, stock markets around the world fell precipitously. The rebound of the last six months has convinced some that we are leaving the bear market behind and entering a bull market and economic boom. In this expanded and updated Second Edition of the New York Times bestseller, Prechter returns to provide answers as to what lies ahead. He provides updated economic and market analysis, shows you how to take steps to protect, survive, and prosper and asks, contrary to what most market analysts believe, whether the depression is truly at an end? The expanded and updated edition includes a new 50 page supplement plus current Safety Sources. Written by a leading expert on investing in bear markets, this book is a timely and insightful guide for anyone looking to protect and make money in today's financial markets.Praise for the first edition:..".I am saying that this is 'must reading' for anyone who has even the slightest interest in the stock market and his or her own investing." Richard Russel, Dow Theory Letters"Prechter's understanding of technical, contrary and economic analysis is exceptional" Lawrence G. MacMillan, The Option Strategist"All investors imbued with the idea that stocks should be bought and held forever should read this book." Charlie Minter and Marty Weiner, Comstock Partners, Inc."Conquer the Crash provides disciplined investors with a map, compass and survival guide. Don't leave home without it." Henry Van der Eb, The P.Q. Wall Forecast"A compelling exposition of how both the mechanics and the psychology of the business cycle can be encapsulated in market analysis." Sean Corrigan, Capital-Insight.com"Prechter knows the facts like few others. Read this forceful argument carefully. It can save you from financial loss." James R. Cook, President, Investment Rarities..".required reading for anyone who wants to enhance his or her prospects for the years ahead." Timothy Bost, Editor, Financial Cycles
Prosperity Without Growth: Economics for a Finite Planet
Tim Jackson - 2009
But in the advanced economies there is mounting evidence that ever-increasing consumption adds little to human happiness and may even impede it. More urgently, it is now clear that the ecosystems that sustain our economies are collapsing under the impacts of rising consumption. Unless we can radically lower the environmental impact of economic activity - and there is no evidence to suggest that we can - we will have to devise a path to prosperity that does not rely on continued growth.Economic heresy? Or an opportunity to improve the sources of well-being, creativity and lasting prosperity that lie outside the realm of the market? Tim Jackson provides a credible vision of how human society can flourish �1/2 within the ecological limits of a finite planet. Fulfilling this vision is simply the most urgent task of our times.This book is a substantially revised and updated version of Jackson's controversial study for the Sustainable Development Commission, an advisory body to the UK Government. The study rapidly became the most downloaded report in the Commission's nine year history when it was launched earlier this year.
$20 Per Gallon: How the Inevitable Rise in the Price of Gasoline Will Change Our Lives for the Better
Christopher Steiner - 2007
Steiner, an engineer by training, sees how a simple but constant rise in oil and related prices will restructure our lifestyle. But what may surprise readers is that all of these changes may not be negative.
The Return of Depression Economics and the Crisis of 2008
Paul Krugman - 2008
In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America: when the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises and a replay of the 1930s seems all too possible. In this new, greatly updated edition of The Return of Depression Economics, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis, and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman's trademark style--lucid, lively, and supremely informed--this new edition of The Return of Depression Economics will become an instant cornerstone of the debate over how to respond to the crisis.
Gambling with Other People’s Money: How Perverse Incentives Caused the Financial Crisis
Russ Roberts - 2019
Russ Roberts argues that the true underlying cause of the mess was the past bailouts of large financial institutions that allowed these institutions to gamble carelessly because they were effectively using other people’s money. The author warns that despite the passage of Dodd-Frank, it is widely believed that we have done nothing to eliminate ‘Too Big to Fail.’ That perception allows the largest financial institutions to continue to gamble with taxpayer money.
Fake Invisible Catastrophes and Threats of Doom
Patrick Moore - 2021
Foragers, Farmers, and Fossil Fuels: How Human Values Evolve
Ian Morris - 2015
But most people who lived during the 10,000 years before the nineteenth century thought just the opposite. Drawing on archaeology, anthropology, biology, and history, Ian Morris explains why. Fundamental long-term changes in values, Morris argues, are driven by the most basic force of all: energy. Humans have found three main ways to get the energy they need--from foraging, farming, and fossil fuels. Each energy source sets strict limits on what kinds of societies can succeed, and each kind of society rewards specific values. But if our fossil-fuel world favors democratic, open societies, the ongoing revolution in energy capture means that our most cherished values are very likely to turn out not to be useful any more. Foragers, Farmers, and Fossil Fuels offers a compelling new argument about the evolution of human values, one that has far-reaching implications for how we understand the past--and for what might happen next. Originating as the Tanner Lectures delivered at Princeton University, the book includes challenging responses by classicist Richard Seaford, historian of China Jonathan Spence, philosopher Christine Korsgaard, and novelist Margaret Atwood.
Windfall: The Booming Business of Global Warming
McKenzie Funk - 2014
Funk shows us that the best way to understand the catastrophe of global warming is to see it through the eyes of those who see it most clearly—as a market opportunity.Global warming’s physical impacts can be separated into three broad categories: melt, drought, and deluge. Funk travels to two dozen countries to profile entrepreneurial people who see in each of these forces a potential windfall. The melt is a boon for newly arable, mineral-rich regions of the Arctic, such as Greenland—and for the surprising kings of the manmade snow trade, the Israelis. The process of desalination, vital to Israel’s survival, can produce a snowlike by-product that alpine countries use to prolong their ski season.Drought creates opportunities for private firefighters working for insurance companies in California as well as for fund managers backing south Sudanese warlords who control local farmland. As droughts raise food prices globally, there is no more precious asset.The deluge—the rising seas, surging rivers, and superstorms that will threaten island nations and coastal cities—has been our most distant concern, but after Hurricane Sandy and failure after failure to cut global carbon emissions, it is not so distant. For Dutch architects designing floating cities and American scientists patenting hurricane defenses, the race is on. For low-lying countries like Bangladesh, the coming deluge presents an existential threat.Funk visits the front lines of the melt, the drought, and the deluge to make a human accounting of the booming business of global warming. By letting climate change continue unchecked, we are choosing to adapt to a warming world. Containing the resulting surge will be big business; some will benefit, but much of the planet will suffer. McKenzie Funk has investigated both sides, and what he has found will shock us all. To understand how the world is preparing to warm, Windfall follows the money.