Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics


Henry Hazlitt - 1946
    But it is also much more, having become a fundamental influence on modern “libertarian” economics of the type espoused by Ron Paul and others.Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication.  Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy.Many current economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson, every bit as relevant and valuable today as it has been since publication.

The Broken Compass: How Left and Right Lost Their Meaning


Peter Hitchens - 2009
    Left-wingers keenly support the bombing of Belgrade and the invasion of Iraq. Tories warn against the threat to civil liberties. The 'progressive' BBC gives a fair hearing to the Conservative Party. Socialist journalists turn and rend Ken Livingstone. In democratic London, merely expressing your opinion can be seriously bad for your career, while in autocratic Moscow you can say pretty much what you like, provided you don't do anything about it. The tearing down of the old Iron Curtain may have allowed markets to sweep into the old Warsaw Pact lands - but it has also permitted revolutionary left-wing ideas to spread like a bacillus through the 'West'.Nobody really cares any more about the old shibboleths of state ownership. The British Labour Party - which opposed nuclear weapons, supposedly on principle, when they mattered - is quite happy to spend billions on the same weapons now that they are unnecessary.The supposed 'right' is as confused and nonsensical as the supposed 'left'. Neo-conservatives run vast budget deficits at home and engage in utopian adventures abroad. They are actively opposed to old conservative ideas such as national sovereignty, strong families and rigorous selective education, and happy to bend the knee to left-wing orthodoxies from man-made global warming to egalitarianism.The political compass is broken, its needle swinging wildly and meaninglessly. The existing political parties have converged, or perhaps simply retreated in confusion on to what looked like safe territory, the often tried and repeated failed policies of Fabian Social Democracy, now worsened by 1960s sexual and social radicalism. They are no longer adversaries, their personnel are interchangeable and they struggle to find ways to distinguish themselves from each other. They simply ignore - or deny - huge areas of human experience and concern from mass immigration to the collapse of marriage and the disappearance of order and rigour in the state education system.Yet conventional wisdom continues to insist that formal politics can and should continue as it did before - and that an exasperated and increasingly angry electorate should place its hopes in a mere change of personnel at the next election. Peter Hitchens argues for the re-establishment of proper adversary politics and the rediscovery of principle.

Gig: Americans Talk about Their Jobs


Marisa Bowe - 2000
    They wanted to document reality, not to advance any overarching thesis or political agenda. Their sole position on work was that it's a fascinating topic and an elemental part of nearly everyone's life. They were certainly not disappointed with what they found; this wide-ranging survey of the American economy at the turn of the millennium is stunning, surprising, and always entertaining. It gives us an unflinching view of the fabric of this country from the point of view of the people who keep it all moving.Recalling Studs Terkel's 1972 classic best-seller, Working, the more than 120 roughly textured monologues that make up Gig beautifully capture the voices of our fast-paced and diverse economy. The selections demonstrate how much our world has changed—and stayed the same—in the last three decades. If you think things have speeded up, become more complicated and more technological, you're right.But people's attitudes about their jobs, their hopes and goals and disappointments, endure. Gig's soul isn't sociological—it's emotional. The wholehearted diligence that people bring to their work is deeply, inexplicably moving. People speak in these pages of the constant and complex stresses nearly all of them confront on the job, but, nearly universally, they throw themselves without reservation into coping with them. Instead of resisting work, we seem to adapt to it. Some of us love our jobs, some of us don't, but almost all of us are not quite sure what we would do without one.With all the hallmarks of another classic on this subject, Gig is a fabulous read, filled with indelible voices from coast to coast. After hearing them, you'll never again feel quite the same about how we work.

The Evils of Revolution


Edmund Burke - 1790
    Written at a time when most of Europe supported the French Revolution, Edmund Burke’s prescient and, at the time, controversial denunciation of its mob rule predicted the Terror, began the modern conservative tradition and still serves as a warning to those who seek to reshape societies through violence.

Gross National Happiness: Why Happiness Matters for America--and How We Can Get More of It


Arthur C. Brooks - 2008
    Liberals believe they are happier than conservatives, and conservatives disagree. In fact, almost every group thinks it is happier than everyone else. In this provocative new book, Arthur C. Brooks explodes the myths about happiness in America. As he did in the controversial Who Really Cares: The Surprising Truth About Compassionate Conservatism, Brooks examines vast amounts of evidence and empirical research to uncover the truth about who is happy in America, who is not, and-most important-why. He finds that there is a real “happiness gap” in America today, and it lies disconcertingly close to America’s cultural and political fault lines. The great divide between the happy and the unhappy in America, Brooks shows, is largely due to differences in social and cultural values. The values that bring happiness are faith, charity, hard work, optimism, and individual liberty. Secularism, excessive reliance on the state to solve problems, and an addiction to security all promote unhappiness. What can be done to maximize America’s happiness? Replete with the unconventional wisdom for which Brooks has come to be known, Gross National Happiness offers surprising and illuminating conclusions about how our government can best facilitate Americans in their pursuit of happiness.

Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty


Abhijit V. Banerjee - 2011
    But much of their work is based on assumptions that are untested generalizations at best, harmful misperceptions at worst.Abhijit Banerjee and Esther Duflo have pioneered the use of randomized control trials in development economics. Work based on these principles, supervised by the Poverty Action Lab, is being carried out in dozens of countries. Drawing on this and their 15 years of research from Chile to India, Kenya to Indonesia, they have identified wholly new aspects of the behavior of poor people, their needs, and the way that aid or financial investment can affect their lives. Their work defies certain presumptions: that microfinance is a cure-all, that schooling equals learning, that poverty at the level of 99 cents a day is just a more extreme version of the experience any of us have when our income falls uncomfortably low.This important book illuminates how the poor live, and offers all of us an opportunity to think of a world beyond poverty.Learn more at www.pooreconomics.com

Leviathan: The Rise of Britain as a World Power


David Scott - 2013
    

How Wal-Mart Is Destroying America (And the World): And What You Can Do about It


Bill Quinn - 1998
    With 1.5 million employees operating more than 3, 500 stores, Wal-Mart is now the world'¬?s largest private employer. In this third edition of How Wal-Mart Is Destroying America (and the World), intrepid Texas newspaperman Bill Quinn continues the fight. Featuring detailed accounts of Wal-Mart'¬?s questionable business practices and the latest information on Wal-Mart lawsuits, vendor issues, and efforts to stop expansion, Quinn shows why Wal-Mart Stores, Inc., is arguably the most feared and despised corporation in the world. Whether you'¬?re a customer fed up with Wal-Mart'¬?s false claims, a vendor squeezed by strong-arm tactics, a worker pushed to increase the Waltons'¬? bottom line, or a concerned citizen trying to save your hometown, this book will show you how to get Wal-Mart off your back and out of your backyard.BILL QUINN is a World War II veteran, retired newspaperman, and certified anti-Wal-Mart crusader. He lives with his wife, Lennie, in Grand Saline,Texas.

World Order


Henry Kissinger - 2014
    Drawing on his experience as one of the foremost statesmen of the modern era—advising presidents, traveling the world, observing and shaping the central foreign policy events of recent decades—Kissinger now reveals his analysis of the ultimate challenge for the twenty-first century: how to build a shared international order in a world of divergent historical perspectives, violent conflict, proliferating technology, and ideological extremism.There has never been a true “world order,” Kissinger observes. For most of history, civilizations defined their own concepts of order. Each considered itself the center of the world and envisioned its distinct principles as universally relevant. China conceived of a global cultural hierarchy with the Emperor at its pinnacle. In Europe, Rome imagined itself surrounded by barbarians; when Rome fragmented, European peoples refined a concept of an equilibrium of sovereign states and sought to export it across the world. Islam, in its early centuries, considered itself the world’s sole legitimate political unit, destined to expand indefinitely until the world was brought into harmony by religious principles. The United States was born of a conviction about the universal applicability of democracy—a conviction that has guided its policies ever since.Now international affairs take place on a global basis, and these historical concepts of world order are meeting. Every region participates in questions of high policy in every other, often instantaneously. Yet there is no consensus among the major actors about the rules and limits guiding this process, or its ultimate destination. The result is mounting tension.Grounded in Kissinger’s deep study of history and his experience as National Security Advisor and Secretary of State, World Order guides readers through crucial episodes in recent world history. Kissinger offers a unique glimpse into the inner deliberations of the Nixon administration’s negotiations with Hanoi over the end of the Vietnam War, as well as Ronald Reagan’s tense debates with Soviet Premier Gorbachev in Reykjavík. He offers compelling insights into the future of U.S.–China relations and the evolution of the European Union, and examines lessons of the conflicts in Iraq and Afghanistan. Taking readers from his analysis of nuclear negotiations with Iran through the West’s response to the Arab Spring and tensions with Russia over Ukraine, World Order anchors Kissinger’s historical analysis in the decisive events of our time.Provocative and articulate, blending historical insight with geopolitical prognostication, World Order is a unique work that could come only from a lifelong policymaker and diplomat.

How Will Capitalism End? Essays on a Failing System


Wolfgang Streeck - 2016
    Growth has given way to stagnation; inequality is leading to instability; and confidence in the money economy has all but evaporated.In How Will Capitalism End?, the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that the world is about to change. The marriage between democracy and capitalism, ill-suited partners brought together in the shadow of World War Two, is coming to an end. The regulatory institutions that once restrained the financial sector’s excesses have collapsed and, after the final victory of capitalism at the end of the Cold War, there is no political agency capable of rolling back the liberalization of the markets.Ours has become a world defined by declining growth, oligarchic rule, a shrinking public sphere, institutional corruption and international anarchy, and no cure to these ills is at hand.

The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes


Zachary D. Carter - 2020
    Writing a full two years before Keynes would revolutionize the economics world with the publication of The General Theory, Woolf nevertheless found herself unable to condense her friend's already-extraordinary life into anything less than twenty-five themes, which she jotted down at the opening of her homage: "Politics. Art. Dancing. Letters. Economics. Youth. The Future. Glands. Genealogies. Atlantis. Mortality. Religion. Cambridge. Eton. The Drama. Society. Truth. Pigs. Sussex. The History of England. America. Optimism. Stammer. Old Books. Hume."Keynes was not only an economist, as he is remembered today, but the preeminent anti-authoritarian thinker of the twentieth century, a man who devoted his life to the belief that art and ideas could conquer war and deprivation. A moral philosopher, political theorist, and statesman, Keynes immersed himself in a creative milieu filled with ballerinas and literary icons as he developed his own innovative and at times radical thought, reinventing Enlightenment liberalism for the harrowing crises of his day--which included two world wars and an economic collapse that challenged the legitimacy of democratic government itself. The Price of Peace follows Keynes from intimate turn-of-the-century parties in London's riotous Bloomsbury art scene to the fevered negotiations in Paris that shaped the Treaty of Versailles, through stock market crashes and currency crises to diplomatic breakthroughs in the mountains of New Hampshire and wartime ballet openings at Covent Garden.In this riveting biography, veteran journalist Zachary D. Carter unearths the lost legacy of one of history's most important minds. John Maynard Keynes's vibrant, deeply human vision of democracy, art, and the good life has been obscured by technical debates, but in The Price of Peace, Carter revives a forgotten set of ideas with the power to reinvent national government and reframe the principles of international diplomacy in our own time.

The Price of Inequality: How Today's Divided Society Endangers Our Future


Joseph E. Stiglitz - 2012
    While market forces play a role in this stark picture, politics has shaped those market forces. In this best-selling book, Nobel Prize–winning economist Joseph E. Stiglitz exposes the efforts of well-heeled interests to compound their wealth in ways that have stifled true, dynamic capitalism. Along the way he examines the effect of inequality on our economy, our democracy, and our system of justice. Stiglitz explains how inequality affects and is affected by every aspect of national policy, and with characteristic insight he offers a vision for a more just and prosperous future, supported by a concrete program to achieve that vision.

Money Changes Everything: How Finance Made Civilization Possible


William N. Goetzmann - 2016
    In Money Changes Everything, leading financial historian William Goetzmann argues the exact opposite--that the development of finance has made the growth of civilizations possible. Goetzmann explains that finance is a time machine, a technology that allows us to move value forward and backward through time; and that this innovation has changed the very way we think about and plan for the future. He shows how finance was present at key moments in history: driving the invention of writing in ancient Mesopotamia, spurring the classical civilizations of Greece and Rome to become great empires, determining the rise and fall of dynasties in imperial China, and underwriting the trade expeditions that led Europeans to the New World. He also demonstrates how the apparatus we associate with a modern economy--stock markets, lines of credit, complex financial products, and international trade--were repeatedly developed, forgotten, and reinvented over the course of human history.Exploring the critical role of finance over the millennia, and around the world, Goetzmann details how wondrous financial technologies and institutions--money, bonds, banks, corporations, and more--have helped urban centers to expand and cultures to flourish. And it's not done reshaping our lives, as Goetzmann considers the challenges we face in the future, such as how to use the power of finance to care for an aging and expanding population.Money Changes Everything presents a fascinating look into the way that finance has steered the course of history.

No Apology: The Case for American Greatness


Mitt Romney - 2010
    On his first presidential visit to address the European nations, President Obama felt it necessary to apologize for America’s international power.  He repeated that apology when visiting Latin America, and again to Muslims worldwide in an interview broadcast on Al-Arabiya television.In No Apology, Mitt Romney asserts that American strength is essential—not just for our own well-being, but for the world’s.  Governments such as China and a newly-robust Russia threaten to overtake us on many fronts, and Islam continues its dangerous rise.  Drawing on history for lessons on how great powers collapse, Romney shows how and why our national advantages have eroded.  From the long-term decline of our manufacturing base, our laggard educational system that has left us without enough engineers, scientists, and other skilled professionals, our corrupted financial practices that led to the current crisis, and the crushing impact of entitlements on our future obligations, America is in debt, overtaxed, and unprepared for the challenges it must face.We need renewal: fresh ideas to cut through complicated problems and restore our strength.  Creative and bold, Romney proposes simple solutions to rebuild industry, create good jobs, reduce out of control spending on entitlements and healthcare, dramatically improve education, and restore a military battered by eight years of war.  Most important, he calls for a new commitment to citizenship, a common cause we all share, rather than a laundry list of individual demands.  Many of his solutions oppose President Obama’s policies, many also run counter to Republican thinking, but all have one strategic aim: to move America back to political and economic strength. Personal and dynamically-argued, No Apology is a call to action by a man who cares deeply about America’s history, its promise, and its future.

The Harvest Gypsies: On the Road to The Grapes of Wrath


John Steinbeck - 1936
    Here he found once strong, independent farmers so reduced in dignity, sick, sullen, and defeated that they had been cast down to a kind of subhumanity. He contrasts their misery with the hope offered by government resettlement camps, where self-help communities were restoring dignity and indeed saving lives. The Harvest Gypsies gives us an eyewitness account of the horrendous Dust Bowl migration and provides the factual foundation for Steinbeck's masterpiece, The Grapes of Wrath. Included are twenty-two photographs by Dorothea Lange and others, many of which accompanied Steinbeck's original articles.