When Money Dies: The Nightmare Of The Weimar Hyper Inflation


Adam Fergusson - 1975
    In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump of coal; and a bottle of paraffin for a silk shirt. People watched helplessly as their life savings disappeared and their loved ones starved. Germany’s finances descended into chaos, with severe social unrest in its wake. Money may no longer be physically printed and distributed in the voluminous quantities of 1923. However, “quantitative easing,” that modern euphemism for surreptitious deficit financing in an electronic era, can no less become an assault on monetary discipline. Whatever the reason for a country’s deficit necessity or profligacy, unwillingness to tax or blindness to expenditure it is beguiling to suppose that if the day of reckoning is postponed economic recovery will come in time to prevent higher unemployment or deeper recession. What if it does not? Germany in 1923 provides a vivid, compelling, sobering moral tale.

Before European Hegemony: The World System A.D. 1250-1350


Janet L. Abu-Lughod - 1989
    In this reading of history, China and Japan, the kingdoms of India, Muslim caliphates, the Byzantine Empire and European maritime republics alike enjoyed no absolute dominance over their neighbours and commercial partners - and the egalitarian international trading network that they built endured until European advances in weaponry and ship types introduced radical instability to the system.Abu-Lughod's portrait of a more balanced world is a masterpiece of synthesis driven by one highly creative idea: her world system of interlocking spheres of influence quite literally connected masses of evidence together in new ways. A triumph of fine critical thinking.

Cosa Nostra: A History of the Sicilian Mafia


John Dickie - 2004
    He explains how the mafia began, how it responds to threats and challenges, and introduces us to the real-life characters that inspired the American imagination for generations, making the mafia an international, larger than life cultural phenomenon. Dickie's dazzling cast of characters includes Antonio Giammona, the first "boss of bosses''; New York cop Joe Petrosino, who underestimated the Sicilian mafia and paid for it with his life; and Bernard "the Tractor" Provenzano, the current boss of bosses who has been hiding in Sicily since 1963.

A Short History Of England


G.K. Chesterton - 1917
    Chesterton was one of the towering figures of British literature in the early twentieth century. A man of massive size, massive personality, and massive appetite, Chesterton famous personality, dress, and personality gave rise to an eponymous adjective: Chestertonian. Although he is renowned for the Father Brown detective series, Chesterton also wrote volumes of nonfiction. First published in 1917, A Short History of England is exactly that, serving Chesterton's goal of publishing "a popular book of history written from the standpoint of a member of the public." Filled with Chestertonian wit, the fast-moving history includes such gemlike observations as, Henry VIII "was almost as unlucky in his wives as they were in their husband." Of the great late Victorian/Edwardian trio of wits: George Bernard Shaw, Oscar Wilde, and Chesterton himself, it is Chesterton whose body of work -- writing in an unassuming manner, without great pretension -- may well persist for future generations far longer than its charming, genial author ever imagined.

The WEIRDest People in the World: How the West Became Psychologically Peculiar and Particularly Prosperous


Joseph Henrich - 2020
    If so, you’re rather psychologically peculiar.Unlike much of the world today, and most people who have ever lived, WEIRD people are highly individualistic, self-obsessed, control-oriented, nonconformist, and analytical. They focus on themselves—their attributes, accomplishments, and aspirations—over their relationships and social roles. How did WEIRD populations become so psychologically distinct? What role did these psychological differences play in the industrial revolution and the global expansion of Europe during the last few centuries?In The WEIRDest People in the World, Joseph Henrich draws on cutting-edge research in anthropology, psychology, economics, and evolutionary biology to explore these questions and more. He illuminates the origins and evolution of family structures, marriage, and religion, and the profound impact these cultural transformations had on human psychology. Mapping these shifts through ancient history and late antiquity, Henrich reveals that the most fundamental institutions of kinship and marriage changed dramatically under pressure from the Roman Catholic Church. It was these changes that gave rise to the WEIRD psychology that would coevolve with impersonal markets, occupational specialization, and free competition—laying the foundation for the modern world.Provocative and engaging in both its broad scope and its surprising details, The WEIRDest People in the World explores how culture, institutions, and psychology shape one another, and explains what this means for both our most personal sense of who we are as individuals and also the large-scale social, political, and economic forces that drive human history. Include black-and-white illustrations.

A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation


Scott Nations - 2017
    Only billionaire J.P. Morgan was able to save the stock market.Black Tuesday (1929): As the newly created Federal Reserve System repeatedly adjusted interest rates in all the wrong ways, investment trusts, the darlings of that decade, became the catalyst that caused the bubble to burst, and the Dow fell dramatically, leading swiftly to the Great Depression.Black Monday (1987): When "portfolio insurance," a new tool meant to protect investments, instead led to increased losses, and corporate raiders drove stock prices above their real values, the Dow dropped an astonishing 22.6 percent in one day.The Great Recession (2008): As homeowners began defaulting on mortgages, investment portfolios that contained them collapsed, bringing the nation's largest banks, much of the economy, and the stock market down with them.The Flash Crash (2010): When one investment manager, using a runaway computer algorithm that was dangerously unstable and poorly understood, reacted to the economic turmoil in Greece, the stock market took an unprecedentedly sudden plunge, with the Dow shedding 998.5 points (roughly a trillion dollars in valuation) in just minutes.The stories behind the great crashes are filled with drama, human foibles, and heroic rescues. Taken together they tell the larger story of a nation reaching enormous heights of financial power while experiencing precipitous dips that alter and reset a market where millions of Americans invest their savings, and on which they depend for their futures. Scott Nations vividly shows how each of these major crashes played a role in America's political and cultural fabric, each providing painful lessons that have strengthened us and helped us to build the nation we know today.A History of the United States in Five Crashes clearly and compellingly illustrates the connections between these major financial collapses and examines the solid, clear-cut lessons they offer for preventing the next one.

The Face of Battle: A Study of Agincourt, Waterloo and the Somme


John Keegan - 1976
    It examines the physical conditions of fighting, the particular emotions and behaviour generated by battle, as well as the motives that impel soldiers to stand and fight rather than run away.In his scrupulous reassessment of three battles, John Keegan vividly conveys their reality for the participants, whether facing the arrow cloud of Agincourt, the levelled muskets of Waterloo or the steel rain of the Somme.

The Children of Ash and Elm: A History of the Vikings


Neil Price - 2020
    As traders and raiders, explorers and colonists, they reshaped the world between eastern North America and the Asian steppe. For a millennium, though, their history has largely been filtered through the writings of their victims. Based on the latest archaeological and textual evidence, Children of Ash and Elm tells the story of the Vikings on their own terms: their politics, their cosmology, their art and culture. From Björn Ironside, who led an expedition to sack Rome, to Gudrid Thorbjarnardóttir, the most travelled woman in the world, Price shows us the real Vikings, not the caricatures they have become in popular culture and history.

Lords of the Horizons: A History of the Ottoman Empire


Jason Goodwin - 1998
    Islamic, martial, civilized, and tolerant, it advanced in three centuries from the dusty foothills of Anatolia to rule on the Danube and the Nile; at its height, Indian rajahs and the kings of France beseeched the empire's aid. In its last three hundred years the empire seemed ready to collapse, a prodigy of survival and decay. In this striking evocation of the empire's power, Jason Goodwin explores how the Ottomans rose and how, against all odds, they lingered on. In doing so, he also offers a long look back to the origins of problems that plague present-day Kosovars and Serbs.

Gods, Graves and Scholars: The Story of Archaeology


C.W. Ceram - 1949
    Ceram visualized archeology as a wonderful combination of high adventure, romance, history and scholarship, and this book, a chronicle of man's search for his past, reads like a dramatic narrative. We travel with Heinrich Schliemann as, defying the ridicule of the learned world, he actually unearths the remains of the ancient city of Troy. We share the excitement of Lord Carnarvon and Howard Carter as they first glimpse the riches of Tutankhamen's tomb, of George Smith when he found the ancient clay tablets that contained the records of the Biblical Flood. We rediscover the ruined splendors of the Hanging Gardens of Babylon, one of the wonders of the ancient wold; of Chichen Itza, the abandoned pyramids of the Maya: and the legendary Labyrinth of tile Minotaur in Crete. Here is much of the history of civilization and the stories of the men who rediscovered it.From the Paperback edition.

The Great Big Book of Horrible Things: The Definitive Chronicle of History's 100 Worst Atrocities


Matthew White - 2011
    With the eye of a seasoned statistician, White assigns each entry a ranking based on body count, and in doing so he gives voice to the suffering of ordinary people that, inexorably, has defined every historical epoch. By turns droll, insightful, matter-of-fact, and ultimately sympathetic to those who died, The Great Big Book of Horrible Things gives readers a chance to reach their own conclusions while offering a stark reminder of the darkness of the human heart.

The Templars: History & Myth


Michael Haag - 2008
    Yet two centuries later, the Knights were suddenly arrested and accused of blasphemy, heresy and orgies, their order was abolished, and their leaders burnt at the stake. Their dramatic end shocked their contemporaries and has gripped peoples' imaginations ever since.This new book explains the whole context of Templar history, including, for the first time, the new evidence discovered by the Vatican that the Templars were not guilty of heresy. It covers the whole swathe of Templar history, from its origins in the mysteries of Solomon's Temple in Jerusalem through to the nineteenth century development of the Freemasons.The book also features a guide to Templar castles and sites, and coverage of the Templars in books, movies and popular culture, from Indiana Jones to the Xbox360 game Assassin's Creed.

A History of the Arab Peoples


Albert Hourani - 1991
    In this definitive masterwork, distinguished Oxford historian Albert Hourani offers the most lucid, enlightening history ever written on the subject. From the rise of Islam to the Palestinian issue, from the Prophet Mohammed to Mu'ammar al-Qadhafi. A History of the Arab Peoples chronicles the rich spiritual, political and cultural institutions of this civilization through thirteen centuries of war, peace, literature and religion. Lauded by authorities, encyclopedic and panoramic in its scope, here is a remarkable window on today's conflicts and on the future of a glorious and troubled land.

The Undercover Economist


Tim Harford - 2005
    The Undercover Economist is for anyone who's wondered why the gap between rich and poor nations is so great, or why they can't seem to find a decent second-hand car, or how to outwit Starbucks. This book offers the hidden story behind these and other questions, as economist Tim Harford ranges from Africa, Asia, Europe, and of course the United States to reveal how supermarkets, airlines, and coffee chains--to name just a few--are vacuuming money from our wallets. Harford punctures the myths surrounding some of today's biggest controversies, including the high cost of health-care; he reveals why certain environmental laws can put a smile on a landlord's face; and he explains why some industries can have high profits for innocent reasons, while in other industries something sinister is going on. Covering an array of economic concepts including scarce resources, market power, efficiency, price gouging, market failure, inside information, and game theory, Harford sheds light on how these forces shape our day-to-day lives, often without our knowing it. Showing us the world through the eyes of an economist, Tim Harford reveals that everyday events are intricate games of negotiations, contests of strength, and battles of wits. Written with a light touch and sly wit, The Undercover Economist turns "the dismal science" into a true delight.

What Money Can't Buy: The Moral Limits of Markets


Michael J. Sandel - 2012
    Sandel takes up one of the biggest ethical questions of our time: Isn't there something wrong with a world in which everything is for sale? If so, how can we prevent market values from reaching into spheres of life where they don't belong? What are the moral limits of markets?In recent decades, market values have crowded out nonmarket norms in almost every aspect of life. Without quite realizing it, Sandel argues, we have drifted from having a market economy to being a market society.In Justice, an international bestseller, Sandel showed himself to be a master at illuminating, with clarity and verve, the hard moral questions we confront in our everyday lives. Now, in What Money Can't Buy, he provokes a debate that's been missing in our market-driven age: What is the proper role of markets in a democratic society, and how can we protect the moral and civic goods that markets do not honor and money cannot buy?