Recognizing that, as Ben put it, "the enemy is forgetting," they examine the causes of the crisis, why it was so damaging, and what it ultimately took to prevent a second Great Depression. And they provide to their successors in the United States and the finance ministers and central bank governors of other countries a valuable playbook for reducing the damage from future financial crises. Firefighting provides a candid and powerful account of the choices they and their teams made during the crisis, working under two presidents and with the leaders of Congress.

    Acemoglu and Robinson are intellectual heavyweights of the first rank . . . erudite and fascinating' Paul Collier, Guardian, on Why Nations FailBy the authors of the international bestseller Why Nations Fail, based on decades of research, this powerful new big-picture framework explains how some countries develop towards and provide liberty while others fall to despotism, anarchy or asphyxiating norms- and explains how liberty can thrive despite new threats.Liberty is hardly the 'natural' order of things; usually states have been either too weak to protect individuals or too strong for people to protect themselves from despotism. There is also a happy Western myth that where liberty exists, it's a steady state, arrived at by 'enlightenment'. But liberty emerges only when a delicate and incessant balance is struck between state and society - between elites and citizens. This struggle becomes self-reinforcing, inducing both state and society to develop a richer array of capacities, thus affecting the peacefulness of societies, the success of economies and how people experience their daily lives.Explaining this new framework through compelling stories from around the world, in history and from today - and through a single diagram on which the development of any state can be plotted - this masterpiece helps us understand the past and present, and analyse the future.'An intellectually rich book that develops an important thesis with verve' Martin Wolf, Financial Times, on Why Nations Fail

    The watershed case, Indira Gandhi v. Raj Narain, acted as the catalyst for the imposition of the Emergency. Based on detailed notes of the court proceedings, The Case That Shook India is both a significant legal and a historical document.The author, advocate Prashant Bhushan, provides a blow-by-blow account of the goings-on inside the courtroom as well as the manoeuvrings outside it, including threats, bribes and deceit. As the case goes to the Supreme Court, we see how a ruling government can misuse legislative power to save the PM's election.Through his forceful and gripping narrative, Bhushan vividly recreates the legal drama that decisively shaped India's political destiny.

    A week passed. President Amin then summoned the minister and asked, 'Did you carry out my orders?' He replied saying that there was a problem. 'What problem?' the president inquired. 'Your Excellency, there is a country called Cyprus.The people are called Cypriots. If Uganda were to be called Idi, we would be called Idiots.' There are few leaders that K. Natwar Singh, in a diplomatic career spanning more than three decades, has not known -and fewer still about whom he has no story to tell. In Walking with Lions: Tales from a Diplomatic Past, Singh puts together fifty episodes that entertain, inform and illuminate.Featured here is Indira Gandhi as a statesman and friend, alongside other renowned figures such as Fidel Castro, Haile Selassie and Zia-ul-Haq. Singh analyses some personalities with disarming candour, among them Morarji Desai and Lord Mountbatten; at other times, his admiration for leaders like C. Rajagopalalchari and Nelson Mandela shines through. In these pages you will also find a rare, fascinating glimpse of Godman Chandraswami and his cohort Mamaji, and their interaction with a surprisingly submissive Iron Lady Margaret Thatcher. Besides, there are short tributes to artists, writers, cricketers and film stars, like M.F. Husain, Nadine Gordimer, Don Bradman and Dev Anand. Recounted with empathy and humour, this collection of stories from contemporary history is a warm, unaffected and reassuring reminder that the great too can be as fallible as the rest of us.

    But our country cannot become a global powerhouse unless we resolve the contradictions and bridge the gaps that distort our society. The challenge before us is to enable every one of India’s 1.2 billion citizens to realize their aspirations. According to Nandan Nilekani and Viral Shah, the only way to do this is by using technologyto radically reimagine government itself.Rebooting India identifies a dozen initiatives where a series of citizen-friendly, high-tech public institutions can deliver low-cost solutions to India’s grand challenges. Based on their learnings from building Aadhaar, the world’s largest social identity programme, the initiatives that Nilekani and Shah propose could save the government a minimumof Rs 100,000 crore annually, about 1 per cent of India’s GDP—enough to fund 200 Mangalyaan missions a year.It doesn’t take 10,000 people or even a thousand, say Nilekani and Shah. All it would take is a small, focused team of highly skilled, enterprising individuals, and a supportive prime minister.

    We see how they rebrand themselves as saviors of the poor; how they lavishly reward "thought leaders" who redefine "change" in winner-friendly ways; and how they constantly seek to do more good, but never less harm. We hear the limousine confessions of a celebrated foundation boss; witness an American president hem and haw about his plutocratic benefactors; and attend a cruise-ship conference where entrepreneurs celebrate their own self-interested magnanimity.Giridharadas asks hard questions: Why, for example, should our gravest problems be solved by the unelected upper crust instead of the public institutions it erodes by lobbying and dodging taxes? He also points toward an answer: Rather than rely on scraps from the winners, we must take on the grueling democratic work of building more robust, egalitarian institutions and truly changing the world. A call to action for elites and everyday citizens alike.

    Despite polarizingGujarat and India in more ways than one, Modibrilliantly does what it takes to survive in ademocracy: win elections.Written by veteran journalist and writer, NilanjanMukhopadhyay, after several indepth interviews,meticulous research and extensive travel throughGujarat, this book reveals hitherto unknownaspects of Narendra Modis psyche: as a sixyearold boy selling tea to help out his fatherand distributing badges and raising slogans atthe behest of a local political leader; abandoninghis family and wife in search of his definition oftruth; initiation into the RSS as a fledgling who ranerrands for his seniors; his idea of Gujarati prideand Indianness; and finally, his meteoric risewhich gave him a distinct identity post the 2002Godhra riots.Narendra Modi: The Man, The Times is a definitivebiography of a man who may have challenged thebasic principles of a sovereign secular nation butemerged as an undisputed and largerthanlifeleader. About The Author: Nilanjan Mukhopadhyay is the author of TheDemolition: India at the Crossroads, andhas written for several newspapers and magazinesincluding The Economic Times, Hindustan Times,Outlook and The Statesman. He currently also presents a weekly show Page From History on LokSabha TV which showcases historical debates.

    Analysing various case studies of innovation-led growth, it describes the opposite situation, whereby the private sector only becomes bold enough to invest after the courageous State has made the high-risk investments.The volume argues that in the history of modern capitalism, the State has generated economic activity that would not otherwise have happened, and has actively opened up new technologies and markets that private investors can later move into. Far from the often heard criticisms of the State potentially 'crowding out' private investments, the State makes them happen, shaping and creating markets, not only 'fixing' them. Ignoring this reality only serves ideological ends, and hurts effective policymaking.This book examines case studies ranging from the advent of the Internet to the emergence of the biotechnology and nanotechnology industries. In particular, the volume debunks the myth that Silicon Valley was created by entrepreneurial venture capital. A key chapter focuses on the State investments behind Apple's success, and reveals that every major technology behind the iPhone owes its source to public funds. Thus, while entrepreneurial individuals like Steve Jobs are needed, their success is nearly impossible without their ability to ride the wave of State investments. And if Europe wants its own Googles, it needs more State action, not less.Two forward-looking chapters focus on the emergence of the next big thing after the internet: the 'green revolution'. Both solar and wind technology are currently being led by State spending, whether through the US ARPA-E programme or the Chinese and Brazilian State investment banks. The discussion refreshingly moves beyond the usual division between proponents of austerity vs. the proponents of fiscal stimulus. It argues that State investments not only help kick-start growth during periods of recession, but that they also, even in boom periods, lead to productive investments in radical new technologies which later foster decades of growth.The book ends with a fundamental question: if the State is so important to investments in high-risk innovation, why does it capture so little direct return?

    This book examines the extraordinary contribution of Sardar Patel,from his unflinching support to Gandhi's satyagrahas and the Indian freedom struggle,to his farsighted and courageous approach in a strong,integrated India

    An unprecedented redistribution of jobs, population, and wealth is under way in America, and it is likely to accelerate in the years to come. America’s new economic map shows growing differences, not just between people but especially between communities. In this important and persuasive book, U.C. Berkeley economist Enrico Moretti provides a fresh perspective on the tectonic shifts that are reshaping America’s labor market—from globalization and income inequality to immigration and technological progress—and how these shifts are affecting our communities. Drawing on a wealth of stimulating new studies, Moretti uncovers what smart policies may be appropriate to address the social challenges that are arising. We’re used to thinking of the United States in dichotomous terms: red versus blue, black versus white, haves versus have-nots. But today there are three Americas. At one extreme are the brain hubs—cities like San Francisco, Boston, Austin, and Durham—with a well-educated labor force and a strong innovation sector. Their workers are among the most productive, creative, and best paid on the planet. At the other extreme are cities once dominated by traditional manufacturing, which are declining rapidly, losing jobs and residents. In the middle are a number of cities that could go either way. For the past thirty years, the three Americas have been growing apart at an accelerating rate. This divergence is one the most important recent developments in the United States and is causing growing geographic disparities is all other aspects of our lives, from health and longevity to family stability and political engagement. But the winners and losers aren’t necessarily who you’d expect. Moretti’s groundbreaking research shows that you don’t have to be a scientist or an engineer to thrive in one of these brain hubs. Among the beneficiaries are the workers who support the "idea-creators"—the carpenters, hair stylists, personal trainers, lawyers, doctors, teachers and the like. In fact, Moretti has shown that for every new innovation job in a city, five additional non-innovation jobs are created, and those workers earn higher salaries than their counterparts in other cities. It wasn’t supposed to be this way. As the global economy shifted from manufacturing to innovation, geography was supposed to matter less. But the pundits were wrong. A new map is being drawn—the inevitable result of deep-seated but rarely discussed economic forces. These trends are reshaping the very fabric of our society. Dealing with this split—supporting growth in the hubs while arresting the decline elsewhere—will be the challenge of the century, and　The New Geography of Jobs　lights the way.

    This text surveys major interests and institutions and examines how state and non-state actors pursue wealth and power. Emphasizing fundamental economic concepts as well as the interplay between domestic and international politics, International Political Economy not only explains how the global economy works; it also encourages students to think critically about how economic policy is made in the context of globalization.

    Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.

    On the heels of the most recent economic crisis, America is headed toward another: high inflation and dollar devaluation. Charles Goyette reveals the governmental errors that led to the current economic crisis and the bumpy road ahead. The signs are clear: Federal debt is compounding while growth has stalled, and America's foreign creditors are questioning the dollar's reserve currency status. Meanwhile, the "hidden" federal debt, much larger than the official debt, makes things even worse. So what can you do to safeguard your assets when the dollar heads south? This book is the essential guide for protecting yourself--and even profiting--in this time of financial turbulence. In clear detail, Goyette explains the alternative investments--from gold and silver to oil and agriculture-- that will remain strong in the face of mounting inflation. The Dollar Meltdown gives you the tools to maintain the value of your savings and captilize on the coming opportunities. Don't get left holding the bag after decades of government irresponsibility. The Dollar Meltdown shows you how to take the safety of your finances into your own hands.

    In this magisterial book, Saran discerns the threads that tie together his experiences as a diplomat.In his book, part memoir and part thesis on India’s international relations since Independence, Shyam Saran discerns the threads that tie together his experiences as a diplomat. Using the prism of Kautilya’s Arthashastra and other ancient treatises on statecraft, Saran shows the historical sources of India’s worldview. He looks at India’s neighbourhood and the changing wider world through this lens and arrives at fascinating conclusions — the claims that the world is hurtling towards Chinese unipolarity are overblown; international borders are becoming irrelevant as climate change and cyber terror bypass them; and India shouldn’t hold its breath for a resolution to its border disputes with China and Pakistan in the foreseeable future. The book also takes the reader behind the closed doors — from Barack Obama popping by a tense developing-country strategy meeting at the Copenhagen climate change summit to the private celebratory dinner thrown by then US President George W. Bush for then Prime Minister Manmohan Singh on the success of the nuclear deal.Praise For The Book - ‘Part history, part memoir, How India Sees the World is an illuminating and at times controversial insight into the thinking of one of India’s great diplomats and civil servants. A vigorous defender of India’s national interests, Shyam Saran offers us a unique and candid view of policy deliberations at the highest levels of the Indian government. He rightly argues for a deeper understanding of China and the historic factors which inform and shape its strategic behaviour today. Moreover, Ambassador Saran provides a timely overview of the contemporary challenges facing global politics, including but not limited to cyberspace, climate change and outer space. This is a strong contribution from a fine strategic thinker’ – *Kevin Rudd, former prime minister of Australia*‘As an insightful, acute and erudite description of the well-springs of Indian foreign policy, Shyam Saran’s How India Sees the World is unmatched. Drawing on his deep experience in crucial positions and his undoubted intellectual gifts, this book is required reading for anyone interested in India’s role in the world, and the future of Asia and the world. His familiarity with traditional Indian statecraft, and his focus on China - a country he is familiar with and has studied for over forty years - makes for fascinating and thought-provoking reading. A must read and an essential addition to any library on modern India’ – *Shivshankar Menon, former national security advisor of India*

    While many reasons have been attributed to the split in the powerful Indian business family, the Ambanis, this book argues that the battle between the Ambani brothers was largely about wresting control over reserves of natural gas that are below the ocean bed along the basin of the two greatest rivers of southern India.With painstaking research, a meticulous perusal of press reports, as well as a few surprising exclusives, Gas Wars highlights cases of crony capitalism that allowed the Reliance group to blatantly exploit loopholes which were consciously retained in the system to benefit it. Even as the book tells the story of how the country’s largest corporate conglomerate has benefited from the way government policies are structured, it lays bare the alarming facts of a natural disaster waiting to happen due to the ruthless exploitation of the country's natural resources in order to swell the fortunes of a few.