Liberalism at Large: The World According to the Economist


Alexander Zevin - 2015
    Since 1843, the Economist has been the single most devoted and influential champion of liberalism anywhere in the world. But what exactly is liberalism, and how has the liberal message evolved? Liberalism at Large presents a history of liberalism on the move, confronting the challenges that classical doctrine left unresolved: the rise of democracy, the expansion of empire, the ascendancy of finance. Today, neither economic crisis at home, nor permanent warfare abroad, has dimmed the Economist's belief in unfettered markets, limited government and a free hand for the West. Confidante to the powerful, emissary for the financial sector, portal onto international affairs, the bestselling news weekly shapes the world its readers--and the rest of us--inhabit. This is the first critical biography of one of the architects of a liberal world order now under increasing strain.

Marx and Marxism


Gregory Claeys - 2018
    The movements associated with his name have lent hope to many victims of tyranny and aggression but have also proven disastrous in practice and resulted in the unnecessary deaths of millions. If after the collapse of the Soviet Union his reputation seemed utterly eclipsed, a new generation is reading and discovering Marx in the wake of the recurrent financial crises, growing social inequality and an increasing sense of the injustice and destructiveness of capitalism. Both his critique of capitalism and his vision of the future speak across the centuries to our times, even if the questions he poses are more difficult to answer than ever.In this wide-ranging account, Gregory Claeys, one of Britain's leading historians of socialism, considers Marx's ideas and their development through the Russian Revolution to the present, showing why Marx and Marxism still matter today.

Why You Should Be a Socialist


Nathan J. Robinson - 2019
    America is witnessing the rise of a new generation of socialist activists. More young people support socialism now than at any time since the labor movement of the 1920s. The Democratic Socialists of America, a big-tent leftist organization, has just surpassed 50,000 members nationwide. In the fall of 2018, one of the most influential congressmen in the Democratic Party lost a primary to Alexandria Ocasio-Cortez, a 28-year-old socialist who had never held office before. But what does all this mean? Should we be worried about our country, or should we join the march toward our bright socialist future? In Why You Should Be a Socialist, Nathan J. Robinson will give readers a primer on twenty-first-century socialism: what it is, what it isn’t, and why everyone should want to be a part of this exciting new chapter of American politics.From the heyday of Occupy Wall Street through Bernie Sanders’ 2016 presidential campaign and beyond, young progressives have been increasingly drawn to socialist ideas. However, the movement’s goals need to be defined more sharply before it can effect real change on a national scale. Likewise, liberals and conservatives will benefit from a deeper understanding of the true nature of this ideology, whether they agree with it or not. Robinson’s charming, accessible, and well-argued book will convince even the most skeptical readers of the merits of socialist thought.

The Great Escape: Health, Wealth, and the Origins of Inequality


Angus Deaton - 2013
    People are healthier, wealthier, and live longer. Yet the escapes from destitution by so many has left gaping inequalities between people and nations. In "The Great Escape," Angus Deaton--one of the foremost experts on economic development and on poverty--tells the remarkable story of how, beginning 250 years ago, some parts of the world experienced sustained progress, opening up gaps and setting the stage for today's disproportionately unequal world. Deaton takes an in-depth look at the historical and ongoing patterns behind the health and wealth of nations, and addresses what needs to be done to help those left behind.Deaton describes vast innovations and wrenching setbacks: the successes of antibiotics, pest control, vaccinations, and clean water on the one hand, and disastrous famines and the HIV/AIDS epidemic on the other. He examines the United States, a nation that has prospered but is today experiencing slower growth and increasing inequality. He also considers how economic growth in India and China has improved the lives of more than a billion people. Deaton argues that international aid has been ineffective and even harmful. He suggests alternative efforts--including reforming incentives to drug companies and lifting trade restrictions--that will allow the developing world to bring about its own Great Escape.Demonstrating how changes in health and living standards have transformed our lives, "The Great Escape" is a powerful guide to addressing the well-being of all nations.

Only One Thing Can Save Us: Why America Needs a New Kind of Labor Movement


Thomas Geoghegan - 2012
    Geoghegan makes his argument for labor with stories, sometimes humorous but more often chilling, about the problems working people like his own clients—from cabdrivers to schoolteachers—now face, increasingly powerless in our union-free economy. He explains why a new kind of labor movement (and not just more higher education) is the real program the Democrats should push—not just to save the middle class from bankruptcy but to revive Keynes’s original and sometimes forgotten ideas for getting the rich to invest and reducing our balance of trade, and to promote John Dewey’s vision of a “democratic way of life,” one that would start in the schools and continue in our places of work.A “public policy” book that is compulsively readable, Only One Thing Can Save Us is vintage Geoghegan, blending acerbic, witty commentary with unparalleled insight into the real dynamics (and human experience) of working in America today.

Arguing with Zombies: Economics, Politics, and the Fight for a Better Future


Paul Krugman - 2020
    Likewise, there is no stronger foe of zombie economics, the misunderstandings that just won’t die.In Arguing with Zombies, Krugman tackles many of these misunderstandings, taking stock of where the United States has come from and where it’s headed in a series of concise, digestible chapters. Drawn mainly from his popular New York Times column, they cover a wide range of issues, organized thematically and framed in the context of a wider debate. Explaining the complexities of health care, housing bubbles, tax reform, Social Security, and so much more with unrivaled clarity and precision, Arguing with Zombies is Krugman at the height of his powers.Arguing with Zombies puts Krugman at the front of the debate in the 2020 election year and is an indispensable guide to two decades’ worth of political and economic discourse in the United States and around the globe. With quick, vivid sketches, Krugman turns his readers into intelligent consumers of the daily news and hands them the keys to unlock the concepts behind the greatest economic policy issues of our time. In doing so, he delivers an instant classic that can serve as a reference point for this and future generations.

The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources


Javier Blas - 2020
    But we should.In The World for Sale, two leading journalists lift the lid on one of the least scrutinised corners of the economy: the workings of the billionaire commodity traders who buy, hoard and sell the earth's resources.It is the story of how a handful of swashbuckling businessmen became indispensable cogs in global markets: enabling an enormous expansion in international trade, and connecting resource-rich countries - no matter how corrupt or war-torn - with the world's financial centres.And it is the story of how some traders acquired untold political power, right under the noses of Western regulators and politicians - helping Saddam Hussein to sell his oil, fuelling the Libyan rebel army during the Arab Spring, and funnelling cash to Vladimir Putin's Kremlin in spite of strict sanctions.The result is an eye-opening tour through the wildest frontiers of the global economy, as well as a revelatory guide to how capitalism really works.__________________________'This jaw-dropping study shows how much money and global influence is concentrated in the hands of a tiny group . . . A remarkable book . . . As the authors roam from oilfield to wheatfield, they reveal information so staggering you almost gasp.' SUNDAY TIMES 'Rollicking yarns from the biggest ever commodity boom . . . The high level narrative is gripping enough. But it is the details of what these freewheeling companies actually got up to that give the book a thriller-like quality . . . Educational and entertaining.' FINANCIAL TIMES 'A fascinating and revealing story . . . There are tales in the book of breathtaking trades, such as shipments of rebel oil from war-torn Libya or deals bartered amid the brutal "aluminium wars" in the Russia of the 1990s.' ECONOMIST 'A globe-spanning corporate thriller, full of intrigue and double dealing . . . Changes how we see the world, often in horrifying ways . . . New insights and reporting mean that even seasoned observers will be amazed.' SPECTATOR 'Javier Blas and Jack Farchy should be awaiting the call from Hollywood. The World for Sale contains at least half a dozen narrative threads that would form the basis of a good thriller. But the authors' main achievement is to subject the biggest commodity players, and their impact on the real world, to proper critical scrutiny.' REUTERS 'Blas and Farchy shine light on what's long been the financial markets' darkest corner - the crucial, yet underappreciated, role commodity traders play in global finance and geopolitics . . . The World For Sale is a fascinating, eye-opening read.' GREGORY ZUCKERMAN, author of The Man Who Solved the Market'The definitive, eye-opening story of the most powerful and secretive traders in the world.' BRADLEY HOPE, co-author of Billion Dollar Whale'If you have the slightest interest in how the modern world was made, by whom, at what price, and at what profit, this is the book for you . . . Superbly researched.' FOREIGN POLICY 'Javier Blas and Jack Farchy deftly peel back the curtain on the amoral swashbucklers of capitalism who trade in commodities . . . The World for Sale is a gripping account of how they achieved their stranglehold over the world economy, and their troubling influence on global politics.' BRAD STONE, author of The Everything Store'Some of the stories could be straight out of John Le Carré. The difference is they're true . . . Fascinating.' ANDREW NEIL

The Economics of Discontent: From Failing Elites to The Rise of Populism


Jean-Michel Paul - 2019
    Houses, health care and higher education have become unaffordable to a majority of people, while the burden of unregulated monopolies, globalization and uncontrolled immigration has fallen disproportionately on the lower and middle classes. Wrapped in political correctness, an increasingly out of touch Western elite continues catering to special interests and fails to grasp the urgency for change. Populist movements harnessing public anger appear unable to propose and implement effective solutions. The last financial crisis was bad enough. But the next crisis will spread deeper and wider. And yet we stand economically, politically and most of all intellectually unprepared. This book is the story of how we have arrived at the brink of disaster and how we can move away from the win-lose policies of recent decades to restore much-needed balance.

The War on Normal People: The Truth About America's Disappearing Jobs and Why Universal Basic Income Is Our Future


Andrew Yang - 2018
    The shift toward automation is about to create a tsunami of unemployment. Not in the distant future—now. One recent estimate predicts 45 million American workers will lose their jobs within the next twelve years—jobs that won't be replaced. In a future marked by restlessness and chronic unemployment, what will happen to American society? In The War on Normal People, Andrew Yang paints a dire portrait of the American economy. Rapidly advancing technologies like artificial intelligence, robotics and automation software are making millions of Americans' livelihoods irrelevant. The consequences of these trends are already being felt across our communities in the form of political unrest, drug use, and other social ills. The future looks dire-but is it unavoidable? In The War on Normal People, Yang imagines a different future—one in which having a job is distinct from the capacity to prosper and seek fulfillment. At this vision's core is Universal Basic Income, the concept of providing all citizens with a guaranteed income-and one that is rapidly gaining popularity among forward-thinking politicians and economists. Yang proposes that UBI is an essential step toward a new, more durable kind of economy, one he calls "human capitalism."

Deaths of Despair and the Future of Capitalism


Anne Case - 2020
    In the past two decades, deaths of despair from suicide, drug overdose, and alcoholism have risen dramatically, and now claim hundreds of thousands of American lives each year--and they're still rising. Anne Case and Angus Deaton, known for first sounding the alarm about deaths of despair, explain the overwhelming surge in these deaths and shed light on the social and economic forces that are making life harder for the working class. They demonstrate why, for those who used to prosper in America, capitalism is no longer delivering.Deaths of Despair and the Future of Capitalism paints a troubling portrait of the American dream in decline. For the white working class, today's America has become a land of broken families and few prospects. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. In this critically important book, Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and, above all, to a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. Capitalism, which over two centuries lifted countless people out of poverty, is now destroying the lives of blue-collar America.This book charts a way forward, providing solutions that can rein in capitalism's excesses and make it work for everyone.

The American Way of Poverty: How the Other Half Still Lives


Sasha Abramsky - 2013
    It is made up of both the long-term chronically poor and new working poor—the tens of millions of victims of a broken economy and an ever more dysfunctional political system. In many ways, for the majority of Americans, financial insecurity has become the new norm.The American Way of Poverty shines a light on this travesty. Sasha Abramsky brings the effects of economic inequality out of the shadows and, ultimately, suggests ways for moving toward a fairer and more equitable social contract. Exploring everything from housing policy to wage protections and affordable higher education, Abramsky lays out a panoramic blueprint for a reinvigorated political process that, in turn, will pave the way for a renewed War on Poverty.It is, Harrington believed, a moral outrage that in a country as wealthy as America, so many people could be so poor. Written in the wake of the 2008 financial collapse, in an era of grotesque economic extremes, The American Way of Poverty brings that same powerful indignation to the topic.

Micromotives and Macrobehavior


Thomas C. Schelling - 1978
    And the subject of these stories—how small and seemingly meaningless decisions and actions by individuals often lead to significant unintended consequences for a large group—is more important than ever. In one famous example, Thomas C. Schelling shows that a slight-but-not-malicious preference to have neighbors of the same race eventually leads to completely segregated populations.The updated edition of this landmark book contains a new preface and the author's Nobel Prize acceptance speech.

A Humane Economy: The Social Framework of the Free Market


Wilhelm Röpke - 1958
    Over and over, the great Swiss economist stresses one simple point: You cannot separate economic principles from human behavior.

Launching The Innovation Renaissance: A New Path to Bring Smart Ideas to Market Fast


Alex Tabarrok - 2011
    The recession, however, is just the tip of iceberg. We have deeper problems. Most importantly, the rate of innovation is down. Patents, which were designed to promote the progress of science and the useful arts, have instead become weapons in a war for competitive advantage with innovation as collateral damage. College,once a foundation for innovation, has been oversold. We have more students in college than ever before, for example, but fewer science majors. Regulations, passed with the best of intentions, have spread like kudzu and now impede progress to everyone's detriment. "Launching the Innovation Renaissance" is a fast-paced look at how we can accelerate innovation and build a solid 21st-century economy.*****"This is a great book. It’s fast-paced, fun to read, informative as hell, and it gets everything right. It’s the kind of book that made me wish I’d written it — until I realized that I could never have written it half so well. I wish everyone in the world would read this book. It only takes a couple of hours, and it is by far the best introduction I know of to the topic that towers above all others in its importance for the happiness of human beings everywhere, now and in the future, namely how to foster and accelerate the kinds of innovation that lead to economic growth. It will, I hope and expect, make you an enlightened advocate for enlightened policies. And it will arm you with a bundle of fun facts and anecdotes to share with your friends. This book might turn you into a proselytizer, but it will surely not turn you into a bore."Steven Landsburg, author of 'The Armchair Economist,' 'More Sex is Safe Sex,' 'The Big Questions' and regular contributor to Slate, Forbes, The Wall Street Journal. If you're interested in innovation like I am, you need to read 'Launching the Innovation Renaissance.' Alex poses thought experiments from patents to prizes, from health to education to immigration. He skewers Soviet-style employment bargains and offers insightful alternatives to improve our educational system. Alex is occasionally snarky, often witty, always incisive. Read this on your next flight. "- Tom Vander Ark, CEO of Open Education Solutions. Previously he served as president of the X PRIZE Foundation and was the Executive Director of Education for the Bill & Melinda Gates Foundation. "Progress comes from improvements in both our technologies and our rules. Alex Tabarrok makes a compelling case that in the United States, our rules on patents, education, and immigration are holding us back. If you want to think clearly about policies that matter for growth, turn off the TV, stop surfing the web, and read this book!" - Paul Romer, New York University Stern School of Business."Alex Tabarrok reveals the hidden roadblocks to innovation in the American economy, and shows us persuasively -- and concisely -- how to fix them. Launching the Innovation Renaissance should be read by everyone interested in innovation and America's future."- Michael Heller, professor at Columbia Law School and author of 'The Gridlock Economy.'

Trade Is Not a Four-Letter Word: How Six Everyday Products Make the Case for Trade


Fred P. Hochberg - 2020
    Hochberg comes an illuminating and engaging tutorial on the basics of modern trade. Trade—the exchange that powers the world—allows us to sell what we produce at home and purchase what we don’t. In the age of globalization, trade has joined together more people than ever before, providing access to major new markets and countless new products that have revolutionized our lives. However, for millions of people, global trade has become a popular target for blame and the frustrations of modern life. Much of the public only connects trade with unfathomable, high-level deals causing the fundamental principles to often seem inaccessible and confusing. Through the lens of six quintessential American goods, Fred P. Hochberg breaks down colorful and compelling real-world examples to dispel the widespread myths and confusions surrounding trade. By using six widely consumed American goods—the taco salad, the minivan, the banana, the iPhone, the college degree, and the HBO series Game of Thrones—Hochberg highlights the story of America’s most surprising trade relationships while sharing the essentials of trade that everyone should know.