By lobbying against competition, the biggest firms drive profits higher while depressing wages and limiting opportunities for investment, innovation, and growth.Why are cell-phone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately he reached his surprising conclusion: American markets, once a model for the world, are giving up on healthy competition. Sector after economic sector is more concentrated than it was twenty years ago, dominated by fewer and bigger players who lobby politicians aggressively to protect and expand their profit margins. Across the country, this drives up prices while driving down investment, productivity, growth, and wages, resulting in more inequality. Meanwhile, Europe--long dismissed for competitive sclerosis and weak antitrust--is beating America at its own game.Philippon, one of the world's leading economists, did not expect these conclusions in the age of Silicon Valley start-ups and millennial millionaires. But the data from his cutting-edge research proved undeniable. In this compelling tale of economic detective work, we follow him as he works out the basic facts and consequences of industry concentration in the U.S. and Europe, shows how lobbying and campaign contributions have defanged antitrust regulators, and considers what all this means for free trade, technology, and innovation. For the sake of ordinary Americans, he concludes, government needs to return to what it once did best: keeping the playing field level for competition. It's time to make American markets great--and free--again.

    But in this major new work, Bancroft Prize-winning scholar Odd Arne Westad argues that the Cold War must be understood as a global ideological confrontation, with early roots in the Industrial Revolution and ongoing repercussions around the world.In The Cold War, Westad offers a new perspective on a century when great power rivalry and ideological battle transformed every corner of our globe. From Soweto to Hollywood, Hanoi, and Hamburg, young men and women felt they were fighting for the future of the world. The Cold War may have begun on the perimeters of Europe, but it had its deepest reverberations in Asia, Africa, and the Middle East, where nearly every community had to choose sides. And these choices continue to define economies and regimes across the world.Today, many regions are plagued with environmental threats, social divides, and ethnic conflicts that stem from this era. Its ideologies influence China, Russia, and the United States; Iraq and Afghanistan have been destroyed by the faith in purely military solutions that emerged from the Cold War.Stunning in its breadth and revelatory in its perspective, this book expands our understanding of the Cold War both geographically and chronologically, and offers an engaging new history of how today’s world was created.

    But as Bruce Cumings eloquently explains, for the Asian world the Korean War was a generations-long fight that still haunts contemporary events. And in a very real way, although its true roots and repercussions continue to be either misunderstood, forgotten, or willfully ignored, it is the war that helped form modern America’s relationship to the world.With access to new evidence and secret materials from both here and abroad, including an archive of captured North Korean documents, Cumings reveals the war as it was actually fought. He describes its start as a civil war, preordained long before the first shots were fired in June 1950 by lingering fury over Japan’s occupation of Korea from 1910 to 1945. Cumings then shares the neglected history of America’s post–World War II occupation of Korea, the untold stories of bloody insurgencies and rebellions, and the powerful militaries organized and equipped by America and the Soviet Union in that divided land. He tells of the United States officially entering the action on the side of the South, and exposes as never before the appalling massacres and atrocities committed on all sides and the “oceans of napalm” dropped on the North by U.S. forces in a remarkably violent war that killed as many as four million Koreans, two thirds of whom were civilians.In sobering detail, The Korean War chronicles a U.S. home front agitated by Joseph McCarthy, where absolutist conformity discouraged open inquiry and citizen dissent. Cumings incisively ties our current foreign policy back to Korea: an America with hundreds of permanent military bases abroad, a large standing army, and a permanent national security state at home, the ultimate result of a judicious and limited policy of containment evolving into an ongoing and seemingly endless global crusade.Elegantly written and blisteringly honest, The Korean War is, like the war it illuminates, brief, devastating, and essential.

    Kennedy. But the same week the world stood transfixed by the possibility of nuclear war between the United States and the Soviet Union, Kennedy was also consumed by a war that has escaped history’s attention, yet still reverberates significantly today: the Sino-Indian conflict.As well-armed and equipped troops from the People’s Republic of China surged into Indian-held territory in October 1962, Kennedy ordered an emergency airlift of supplies to the Indian army. At the same time, he engaged in diplomatic talks that kept the neighboring Pakistanis out of the fighting. The conflict came to an end with a unilateral Chinese cease-fire, relieving Kennedy of a decision to intervene militarily in support of India.Bruce Riedel, a CIA and National Security Council veteran, provides the first full narrative of this crisis, which played out during the tense negotiations with Moscow over Cuba. He also includes another, nearly forgotten episode of US espionage during the war between India and China: covert US support of Tibetan opposition to Chinese occupation of Tibet. He details how the United States, beginning in 1957, trained and parachuted Tibetan guerrillas into Tibet to fight Chinese military forces. The covert operation to help precipitate the conflict but the United States did not end its support of it until relations between the United States and China were normalized in the 1970s.Riedel tells this story of war, diplomacy, and covert action with authority and perspective. He draws on newly declassified letters between Kennedy and Indian leader Jawaharlal Nehru along with the diaries and memoirs of key players and other sources make this the definitive account of JFK’s forgotten crisis. This is, Riedel writes, Kennedy’s finest hour as you have never read it before.

    This struggle has shaken the world economy, dictated the outcome of wars, and transformed the destiny of men and nations.The Prize is as much a history of the twentieth century as of the oil industry itself. The canvas of history is enormous -- from the drilling of the first well in Pennsylvania through two great world wars to the Iraqi invasion of Kuwait and Operation Desert Storm.

    We were halfway in when the Japanese machine guns got their range. Bullets slapped the water and whined as they ricocheted off the barge. Some of us ducked; some of us fell to the floor; and all of us prayed.” Here, in heart-stopping human detail, are twenty-one personal accounts told by the men themselves. They are the stories of men who lived in hell and lived to tell of it. There is the story of Sgt. Albert Schmid who was awarded the Navy Cross for his single-handed destruction of a flanking attack while on Guadalcanal. The account of Private Nicolli who was literally blown into the air like a matchstick and then, with a piece of shrapnel in his chest, managed to help a wounded comrade to the rear. “The luckiest man in the Solomons,” Sgt. Koziar, tells of how he had his tonsils removed with the assistance of a Japanese sniper’s bullet. These are just three of the twenty-one fascinating stories that were told to Gerold Frank and James Horan just months after these marines had returned from active duty to recover from the conflict in the Pacific. The valor of these marines is astounding, as twenty-one-year-old Corporal Conroy states in the book, “I don’t suppose I shall ever be able to sum up all the bravery, the guts, the genuine, honest courage displayed by the boys out in Guadalcanal. They were afraid, and yet they took it. They had what it takes . . .” The battles of Gavutu-Tanambogo, Tulagi, Tenaru, Matanikau and Guadalcanal are all covered through these accounts which take the reader right to the epicenter of the Pacific conflict. “telling of living conditions on the beaches and in the jungles where they fought, offering an insider’s view of foxholes, food, snipers, mosquitos, boondocks, shrapnel, their injuries, and their pain.” Great Stories of World War II Gerold Frank and James Horan were professional authors who wrote down the stories of these marines shortly after they had returned from active duty. The War in the South Pacific was first published in 1943 as Out in the Boondocks. Frank went on to become a prominent ghostwriter and passed away in 1998. Horan, author of more than forty books, died in 1981.

    Now, America finds itself cash poor, and to a great extent power follows money. In The End of Influence, renowned economic analysts Stephen S. Cohen and J. Bradford DeLong explore the grave consequences this loss will have for America's place in the world. America, Cohen and DeLong argue, will no longer be the world's hyperpower. It will no longer wield soft cultural power or dictate a monolithic foreign policy. More damaging, though, is the blow to the world's ability to innovate economically, financially, and politically. Cohen and DeLong also explore American's complicated relationship with China, the misunderstood role of sovereign wealth funds, and the return of state-led capitalism. An essential read for anyone interested in how global economics and finance interact with national policy, The End of Influence explains the far-reaching and potentially long-lasting but little-noted consequences of our great fiscal crisis.

    Now, in The Great Wave, Fischer has done it again, marshaling an astonishing array of historical facts in lucid and compelling prose to outline a history of prices--"the history of change," as Fischer puts it--covering the dazzling sweep of Western history from the medieval glory of Chartres to the modern day. Going far beyond the economic data, Fischer writes a powerful history of the people of the Western world: the economic patterns they lived in, and the politics, culture, and society that they created as a result. As he did in Albion's Seed and Paul Revere's Ride, two of the most talked-about history books in recent years, Fischer combines extensive research and meticulous scholarship with wonderfully evocative writing to create a book for scholars and general readers alike.Records of prices are more abundant than any other quantifiable data, and span the entire range of history, from tables of medieval grain prices to the overabundance of modern statistics. Fischer studies this wealth of data, creating a narrative that encompasses all of Western culture. He describes four waves of price revolutions, each beginning in a period of equilibrium: the High Middle Ages, the Renaissance, the Enlightenment, and finally the Victorian Age. Each revolution is marked by continuing inflation, a widening gap between rich and poor, increasing instability, and finally a crisis at the crest of the wave that is characterized by demographic contraction, social and political upheaval, and economic collapse. The most violent of these climaxes was the catastrophic fourteenth century, in which war, famine, and the Black Death devastated the continent--the only time in Europe's history that the population actually declined.Fischer also brilliantly illuminates how these long economic waves are closely intertwined with social and political events, affecting the very mindset of the people caught in them. The long periods of equilibrium are marked by cultural and intellectual movements--such as the Renaissance, the Enlightenment, and the Victorian Age-- based on a belief in order and harmony and in the triumph of progress and reason. By contrast, the years of price revolution created a melancholy culture of despair.Fischer suggests that we are living now in the last stages of a price revolution that has been building since the turn of the century. The destabilizing price surges and declines and the diminished expectations the United States has suffered in recent years--and the famines and wars of other areas of the globe--are typical of the crest of a price revolution. He does not attempt to predict what will happen, noting that "uncertainty about the future is an inexorable fact of our condition." Rather, he ends with a brilliant analysis of where we might go from here and what our choices are now. This book is essential reading for anyone concerned about the state of the world today.

    Rosenberg shows how U.S. foreign relations evolved from a largely private system to an increasingly public one and how, soon, the American dream became global.

    The Vietnam War lives on famously and infamously dependent on political points of view, but those who have “been there, done that” have a highly personalized window on their time of that history. Valor in Vietnam focuses on nineteen stories of Vietnam, stories of celebrated characters in the veteran community, compelling war narratives, vignettes of battles, and the emotional impact on the combatants. It is replete with leadership lessons as well as valuable insights that are just as applicable today as they were forty years ago.This is an anecdotal history of America’s war in Vietnam composed of firsthand narratives by Vietnam War veterans presented in chronological order. They are intense, emotional, and highly personal stories. Connecting each of them is a brief historical commentary of that period of the war, the geography of the story, and the contemporary strategy written by Lewis Sorley, West Point class of 1956, and author of A Better War and Westmoreland.With a foreword by Lt. Gen. Dave R. Palmer, U.S. Army (Ret.), Valor in Vietnam presents a historical overview of the war through the eyes of participants in each branch of service and throughout the entire course of the war. Simply put, their stories serve to reflect the commitment, honor, and dedication with which America’s veterans performed their service.

    Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community." Now, with the stock market riding historic highs, the celebrated economist returns with new insights on the legacy of our past and the consequences of blind optimism and power plays within the financial community.

    Dower's brilliant examination of Japan in the immediate, shattering aftermath of World War II.Drawing on a vast range of Japanese sources and illustrated with dozens of astonishing documentary photographs, Embracing Defeat is the fullest and most important history of the more than six years of American occupation, which affected every level of Japanese society, often in ways neither side could anticipate. Dower, whom Stephen E. Ambrose has called "America's foremost historian of the Second World War in the Pacific," gives us the rich and turbulent interplay between West and East, the victor and the vanquished, in a way never before attempted, from top-level manipulations concerning the fate of Emperor Hirohito to the hopes and fears of men and women in every walk of life. Already regarded as the benchmark in its field, Embracing Defeat is a work of colossal scholarship and history of the very first order.

    In his most widely appealing book yet, one of today's leading authors of popular anthropology looks at the intriguing history and peculiar nature of money, tracing our relationship with it from the time when primitive men exchanged cowrie shells to the imminent arrival of the all-purpose electronic cash card.

    Like all Bond movies, audiences believed that the storyline was entirely fictional if not totally crazy. Little did they know that while they munched on their popcorn, the Soviets were indeed preparing to launch a real nuclear attack on the West. 1983 was a dangerous year. In the United States, President Reagan increased defence spending and launched the 'Star Wars' Strategic Defence Initiative. When a Soviet plane shot down a Korean civilian jet, he described it as 'a crime against humanity'. Moscow was growing increasingly concerned about America's language and behaviour. Would they attack? The temperature was rising, fast.By November, Soviet leader Yuri Andropov, a life-long KGB man, had his finger on the nuclear button. Had the US made a move, it would have meant global nuclear Armageddon.It was only the following year that the US - which had never considered a first strike - came to learn just how terrified the Soviet Union was, and just how close to the brink the world had come.In 1983, Taylor Downing draws on previously unpublished interviews, and over a thousand pages of secret documents that have recently been released by Washington to tell the gripping, astonishing story that was almost the end of the world. Sometimes fact is stranger than fiction.

    Paper money, invented in Boston in 1698, was a classic of American ingenuity-and American disregard for authority and tradition. With the wry and admiring eye of a modern Tocqueville, Jason Goodwin has written a biography of the dollar, giving us the story of its astonishing career through the wilds of American history. "Greenback" looks at the dollar over the years as a form of art, a kind of advertising, a reflection of American attitudes, and a builder of empires. Goodwin shows us how the dollar rolled out the frontier and peopled the Plains; how it erected the great cities; how it expressed the urges of democracy and opportunity. And, above all, Goodwin introduces us to the people who championed-or ambushed-the dollar over the years: presidents, artists, pioneers, and frontiersmen; bankers, shady and upright; safecrackers, crooks, and dreamers of every stripe. It's a vast and colorful cast of characters, who all agreed on one thing: getting the money right was the key to unlocking liberty and the pursuit of happiness."Greenback" delves into folklore and the development of printing, investigates wildcats and counterfeiters, explains why a buck is a buck and how Dixie got its name. Like Goodwin's "Lords of the Horizons," another story of empire, "Greenback" brings together an array of quirky detail and surprising-often hilarious-anecdote to tell the story of America through its best-beloved product.