The Choice: A Fable of Free Trade and Protectionism


Russell Roberts - 2000
    Professors complain that their students cannot grasp the nature of how some economic tools are used or how they work in life. This novel bridges the gap of concepts with applications by use of a fictional story. David Ricardo comes to life to discuss international trade theory and policy with Ed Johnson, a fictional American television manufacturer seeking trade protection from television manufacturers. Their dialogue is a sophisticated, rigorous discussion of virtually every major issue in trade theory and policy. To illustrate the positive and normative effects of international trade and trade policy, Ricardo takes the reader and Ed Johnson into the future to see an America of free trade and an America of complete self-sufficiency. The fictional element brings these topics to life so that students gain the intuition and understanding of how trade changes the lives of people and the industries they work in. The fundamental intuition of how international markets function including general equilibrium effects and policy analysis is provided.

Average Is Over: Powering America Beyond the Age of the Great Stagnation


Tyler Cowen - 2013
    About three quarters of the jobs created in the United States since the great recession pay only a bit more than minimum wage. Still, the United States has more millionaires and billionaires than any country ever, and we continue to mint them.In this eye-opening book, renowned economist and bestselling author Tyler Cowen explains that phenomenon: High earners are taking ever more advantage of machine intelligence in data analysis and achieving ever-better results. Meanwhile, low earners who haven’t committed to learning, to making the most of new technologies, have poor prospects. Nearly every business sector relies less and less on manual labor, and this fact is forever changing the world of work and wages. A steady, secure life somewhere in the middle—average—is over.With The Great Stagnation, Cowen explained why median wages stagnated over the last four decades; in Average Is Over he reveals the essential nature of the new economy, identifies the best path forward for workers and entrepreneurs, and provides readers with actionable advice to make the most of the new economic landscape. It is a challenging and sober must-read but ultimately exciting, good news. In debates about our nation’s economic future, it will be impossible to ignore.

Banker to the Poor: Micro-Lending and the Battle Against World Poverty


Muhammad Yunus - 1991
    His dream is the total eradication of poverty from the world. In 1983, against the advice of banking and government officials, Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with minuscule loans. Grameen Bank, based on the belief that credit is a basic human right, not the privilege of a fortunate few, now provides over 2.5 billion dollars of micro-loans to more than two million families in rural Bangladesh. Ninety-four percent of Yunus's clients are women, and repayment rates are near 100 percent. Around the world, micro-lending programs inspired by Grameen are blossoming, with more than three hundred programs established in the United States alone. Banker to the Poor is Muhammad Yunus's memoir of how he decided to change his life in order to help the world's poor. In it he traces the intellectual and spiritual journey that led him to fundamentally rethink the economic relationship between rich and poor, and the challenges he and his colleagues faced in founding Grameen. He also provides wise, hopeful guidance for anyone who would like to join him in "putting homelessness and destitution in a museum so that one day our children will visit it and ask how we could have allowed such a terrible thing to go on for so long." The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is necessary and inspirational reading for anyone interested in economics, public policy, philanthropy, social history, and business. Muhammad Yunus was born in Bangladesh and earned his Ph.D. in economics in the United States at Vanderbilt University, where he was deeply influenced by the civil rights movement. He still lives in Bangladesh, and travels widely around the world on behalf of Grameen Bank and the concept of micro-credit.

The Boys in the Boat: The True Story of an American Team's Epic Journey to Win Gold at the 1936 Olympics


Gregory Mone - 2015
    With rowers who were the sons of loggers, shipyard workers, and farmers, the University of Washington’s eight-oar crew was never expected to defeat the elite East Coast teams, yet they did, going on to shock the world by challenging the German boat rowing for Adolf Hitler.At the center of the tale is Joe Rantz, a teenager without family or prospects, whose personal quest captures the spirit of his generation—the generation that would prove in the coming years that the Nazis could not prevail over American determination and optimism.This deeply emotional yet easily accessible young readers adaptation of the award-winning #1 New York Times bestseller features never-before-seen photographs, highly visual back matter, and an exclusive new introduction.

Pity the Billionaire: The Hard-Times Swindle and the Unlikely Comeback of the Right


Thomas Frank - 2012
    But when Thomas Frank set out in 2009 to look for expressions of American discontent, all he found were loud demands that the economic system be made even harsher on the recession's victims and that society's traditional winners receive even grander prizes. The American Right, which had seemed moribund after the election of 2008, had been reinvigorated by the arrival of hard times. The Tea Party movement demanded not that we question the failed system but that we reaffirm our commitment to it as Republicans in Congress took the opportunity to dismantle what they could of the remaining liberal state and Glenn Beck demonstrated the commercial potential of fueling the national angst, while each promoted the libertarian/Randian economics which arch Randian, Alan Greenspan, had already admitted produced exactly the opposite results than those expected.In Pity the Billionaire, Frank, the chronicler of American paradox, examines the peculiar mechanism by which dire economic circumstances have delivered the current set of seemingly unexpected political results. Using firsthand reporting, a deep knowledge of the American Right, and a wicked sense of humor, he gives us a diagnosis of the cultural malady that has transformed collapse into profit, reconceived the Founding Fathers as heroes from an Ayn Rand novel, and enlisted the powerless in a fan club for the prosperous.

The Lessons of History


Will Durant - 1968
    With the completion of their life's work they look back and ask what history has to say about the nature, the conduct and the prospects of man, seeking in the great lives, the great ideas, the great events of the past for the meaning of man's long journey through war, conquest and creation - and for the great themes that can help us to understand our own era.To the Durants, history is "not merely a warning reminder of man's follies and crimes, but also an encouraging remembrance of generative souls ... a spacious country of the mind wherein a thousand saints, statesman, inventors, scientists, poets, artists, musicians, lovers, and philosophers still live and speak, teach and carve and sing..."Designed to accompany the ten-volume set of "The Story of Civilization, The Lessons of History" is, in its own right, a profound and original work of history and philosophy.

Irrational Exuberance


Robert J. Shiller - 2000
    The original and bestselling 2000 edition of Irrational Exuberance evoked Alan Greenspan’s infamous 1996 use of that phrase to explain the alternately soaring and declining stock market. It predicted the collapse of the tech stock bubble through an analysis of the structural, cultural, and psychological factors behind levels of price growth not reflected in any other sector of the economy. In the second edition (2005), Shiller folded real estate into his analysis of market volatility, marshalling evidence that housing prices were dangerously inflated as well, a bubble that could soon burst, leading to a “string of bankruptcies” and a “worldwide recession.” That indeed came to pass, with consequences that the 2009 preface to this edition deals with. Irrational Exuberance is more than ever a cogent, chilling, and astonishingly far-seeing analytical work that no one with any money in any market anywhere can afford not to read–and heed.

The Right Side of History: How Reason and Moral Purpose Made the West Great


Ben Shapiro - 2019
    Hundreds of police officers were required from 10 UC campuses across the state to protect his speech, which was -- ironically -- about the necessity for free speech and rational debate. He came to argue that Western Civilization is in the midst of a crisis of purpose and ideas. Our freedoms are built upon the twin notions that every human being is made in God’s image and that human beings were created with reason capable of exploring God’s world. We can thank these values for the birth of science, the dream of progress, human rights, prosperity, peace, and artistic beauty. Jerusalem and Athens built America, ended slavery, defeated the Nazis and the Communists, lifted billions from poverty and gave billions spiritual purpose. Jerusalem and Athens were the foundations of the Magna Carta and the Treaty of Westphalia; they were the foundations of Declaration of Independence, Abraham Lincoln’s Emancipation Proclamation, and Martin Luther King Jr.’s Letter from Birmingham Jail.Civilizations that rejected Jerusalem and Athens have collapsed into dust. The USSR rejected Judeo-Christian values and Greek natural law, substituting a new utopian vision of “social justice” – and they starved and slaughtered tens of millions of human beings. The Nazis rejected Judeo-Christian values and Greek natural law, and they shoved children into gas chambers. Venezuela rejects Judeo-Christian values and Greek natural law, and citizens of their oil-rich nation have been reduced to eating dogs.  We are in the process of abandoning Judeo-Christian values and Greek natural law, favoring instead moral subjectivism and the rule of passion. And we are watching our civilization collapse into age-old tribalism, individualistic hedonism, and moral subjectivism. We believe we can reject Judeo-Christian values and Greek natural law and satisfy ourselves with intersectionality, or scientific materialism, or progressive politics, or authoritarian governance, or nationalistic solidarity. We can’t.The West is special, and in The Right Side of History, Ben Shapiro bravely explains that it’s because too many of us have lost sight of the moral purpose that drives us each to be better, or the sacred duty to work together for the greater good, or both. A stark warning, and a call to spiritual arms, this book may be the first step in getting our civilization back on track.

The Way to Wealth


Benjamin Franklin - 1757
    It is a collection of adages and advice presented in Poor Richard's Almanac during its first 25 years of publication, organized into a speech given by "Father Abraham" to a group of people. Many of the phrases Father Abraham quotes continue to be familiar today. The essay's advice is based on the themes of work ethic and frugality. Some phrases from the almanac quoted in "The Way to Wealth" include: "There are no gains, without pains" "One today is worth two tomorrows" "A life of leisure and a life of laziness are two things" "Get what you can, and what you get hold" "Sloth, like rust, consumes faster than labor wears, while the used key is always bright" "Have you somewhat to do tomorrow, do it today" "The eye of a master will do more work than both his hands" "Early to bed, and early to rise, makes a man healthy, wealthy and wise" "For want of a nail..."

The Beautiful Tree: A Personal Journey Into How the World's Poorest People Are Educating Themselves


James Tooley - 2009
    James Tooley found one hiding in plain sight. While researching private schools in India for the World Bank, and worried he was doing little to help the poor, Tooley wandered into the slums of Hyderabad's Old City. Shocked to find it overflowing with tiny, parentfunded schools filled with energized students, he set out to discover if schools like these could help achieve universal education. Named after Mahatma Gandhi's phrase for the schools of pre-colonial India, The Beautiful Tree recounts Tooley's journey from the largest shanty town in Africa to the hinterlands of Gansu, China. It introduces readers to the families and teachers who taught him that the poor are not waiting for educational handouts. They are building their own schools and educating themselves.

Glenn Beck's Common Sense: The Case Against an Out-of-Control Government, Inspired by Thomas Paine


Glenn Beck - 2009
    They know with conviction what they believe within themselves. They understand that all actions have consequences. And they find commonsense solutions to the nation’s problems. One such American, Thomas Paine, was an ordinary man who changed the course of history by penning Common Sense, the concise 1776 masterpiece in which, through extraordinarily straightforward and indisputable arguments, he encouraged his fellow citizens to take control of America’s future—and, ultimately, her freedom. Nearly two and a half centuries later, those very freedoms once again hang in the balance. And now, Glenn Beck revisits Paine’s powerful treatise with one purpose: to galvanize Americans to see past government’s easy solutions, two-party monopoly, and illogical methods and take back our great country.

The Proper Role of Government


Ezra Taft Benson - 1968
    (can be ordered from ldfr.com)The title says it all! This explains the proper role of the government.

Tales from Shakespeare


Charles Lamb - 1807
    Presents an introduction to Shakespeare's greatest plays including Hamlet Othello, As You Like It, The Taming of the Shrew, The Tempest and Pericles.

In Freedom's Cause: A Story of Wallace and Bruce


G.A. Henty - 1884
    In Freedom's Cause recounts the Scots' desperate but ultimately triumphant struggle in the face of overwhelming odds - a hard-fought series of battles conducted under the leadership of William Wallace and Robert Bruce.Time has burnished the feats of these great heroes to mythic proportions, but Wallace and Bruce were real people. This gripping tale of courage, loyalty, and ingenuity recounts their deeds within an accurate historical context. Readers join their company alongside a fictional protagonist, young Archie Forbes, whose estates have been wrongfully confiscated. Archie forms a group of scouts to fight alongside the legendary Scottish chieftains (who were memorably portrayed in the film Braveheart) for their country's independence.In Freedom's Cause is one among the many historical novels for young readers by George Alfred Henty. A storyteller who specialized in blending authentic historical facts with exciting fictional characters, Henty produced more than 140 books and achieved a reputation as "The Prince of Storytellers." Immensely popular and widely used in schools for many years, Henty's novels continue to fire young imaginations with their spirited tales of adventure amid exciting historical eras.

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.