The Revolt of the Elites and the Betrayal of Democracy


Christopher Lasch - 1995
    In this spirited work, Lasch calls out for a return to community, schools that teach history not self-esteem, and a return to morality and even the teachings of religion. He does this in a nonpartisan manner, looking to the lessons of American history, and castigating those in power for the ever-widening gap between the economic classes, which has created a crisis in American society. The Revolt of the Elites and the Betrayal of Democracy is riveting social commentary.

The Wilding of America: Money, Mayhem, and the New American Dream


Charles Derber - 1996
    The American Dream champions individualism.  But at what price?  In this timely revision of The Wilding of America, Charles Derber chronicles the latest incidents of "wilding" - extreme acts of self-interested violence and greed - that signal an eroding of the moral landscape of American society.  Despite this ever-increasing emphasis on individualism in America, Derber offers a communitarian alternative that is as inspiring as it is instructive.

Straight Talk on Trade: Ideas for a Sane World Economy


Dani Rodrik - 2017
    Rodrik takes globalization's cheerleaders to task, not for emphasizing economics over other values, but for practicing bad economics and ignoring the discipline's own nuances that should have called for caution. He makes a case for a pluralist world economy where nation-states retain sufficient autonomy to fashion their own social contracts and develop economic strategies tailored to their needs. Rather than calling for closed borders or defending protectionists, Rodrik shows how we can restore a sensible balance between national and global governance. Ranging over the recent experiences of advanced countries, the eurozone, and developing nations, Rodrik charts a way forward with new ideas about how to reconcile today's inequitable economic and technological trends with liberal democracy and social inclusion.

The Cocaine Kids: The Inside Story of a Teenage Drug Ring


Terry Williams - 1989
    The picture he creates in The Cocaine Kids is the story behind the headlines. The lives of these young dealers in the fast lane of the underground economy emerge in depth and color on the pages of this book.

Building and Dwelling: Ethics for the City


Richard Sennett - 2018
    Richard Sennett shows how Paris, Barcelona and New York City assumed their modern forms; rethinks the reputations of Jane Jacobs, Lewis Mumford and others; and takes us on a tour of emblematic contemporary locations, from the backstreets of Medellín, Colombia, to the Google headquarters in Manhattan. Through it all, he shows how the 'closed city' - segregated, regimented, and controlled - has spread from the global North to the exploding urban agglomerations of the global South. As an alternative, he argues for the 'open city,' where citizens actively hash out their differences and planners experiment with urban forms that make it easier for residents to cope. Rich with arguments that speak directly to our moment - a time when more humans live in urban spaces than ever before - Building and Dwelling draws on Sennett's deep learning and intimate engagement with city life to form a bold and original vision for the future of cities.

The Long Divergence: How Islamic Law Held Back the Middle East


Timur Kuran - 2010
    But by 1800, the region had fallen dramatically behind--in living standards, technology, and economic institutions. In short, the Middle East had failed to modernize economically as the West surged ahead. What caused this long divergence? And why does the Middle East remain drastically underdeveloped compared to the West? In The Long Divergence, one of the world's leading experts on Islamic economic institutions and the economy of the Middle East provides a new answer to these long-debated questions.Timur Kuran argues that what slowed the economic development of the Middle East was not colonialism or geography, still less Muslim attitudes or some incompatibility between Islam and capitalism. Rather, starting around the tenth century, Islamic legal institutions, which had benefitted the Middle Eastern economy in the early centuries of Islam, began to act as a drag on development by slowing or blocking the emergence of central features of modern economic life--including private capital accumulation, corporations, large-scale production, and impersonal exchange. By the nineteenth century, modern economic institutions began to be transplanted to the Middle East, but its economy has not caught up. And there is no quick fix today. Low trust, rampant corruption, and weak civil societies--all characteristic of the region's economies today and all legacies of its economic history--will take generations to overcome. The Long Divergence opens up a frank and honest debate on a crucial issue that even some of the most ardent secularists in the Muslim world have hesitated to discuss.

Our Patchwork Nation: The Surprising Truth about the "Real" America


Dante Chinni - 2010
     In a climate of culture wars and tremendous economic uncertainty, the media have often reduced America to a simplistic schism between red states and blue states. In response to that oversimplification, journalist Dante Chinni teamed up with political geographer James Gimpel to launch the Patchwork Nation project, using on-the-ground reporting and statistical analysis to get past generalizations and probe American communities in depth. The result is "Our Patchwork Nation," a refreshing, sometimes startling, look at how America's diversities often defy conventional wisdom. Looking at the data, they recognized that the country breaks into twelve distinct types of communities, and old categories like "soccer mom" and "working class" don't matter as much as we think. Instead, by examining Boom Towns, Evangelical Epicenters, Military Bastions, Service Worker Centers, Campus and Careers, Immigration Nation, Minority Central, Tractor Community, Mormon Outposts, Emptying Nests, Industrial Metropolises, and Monied Burbs, the authors demonstrate the subtle distinctions in how Americans vote, invest, shop, and otherwise behave, reflect what they experience on their local streets and in their daily lives. "Our Patchwork Nation" is a brilliant new way to debate and examine the issues that matter most to our communities, and to our nation.

Inventing the Future: Postcapitalism and a World Without Work


Nick Srnicek - 2015
    Austerity is forcing millions into poverty and many more into precarious work, while the left remains trapped in stagnant political practices that offer no respite. Inventing the Future is a bold new manifesto for life after capitalism. Against the confused understanding of our high-tech world by both the right and the left, this book claims that the emancipatory and future-oriented possibilities of our society can be reclaimed. Instead of running from a complex future, Nick Srnicek and Alex Williams demand a postcapitaiist economy capable of advancing standards, liberating humanity from work and developing technologies that expand our freedoms.

Capitalism, Socialism and Democracy


Joseph A. Schumpeter - 1942
    When it first appeared the New English Weekly predicted that 'for the next five to ten years it will cetainly remain a work with which no one who professes any degree of information on sociology or economics can afford to be unacquainted.' Fifty years on, this prediction seems a little understated.Why has the work endured so well? Schumpeter's contention that the seeds of capitalism's decline were internal, and his equal and opposite hostility to centralist socialism have perplexed, engaged and infuriated readers since the book's publication. By refusing to become an advocate for either position Schumpeter was able both to make his own great and original contribution and to clear the way for a more balanced consideration of the most important social movements of his and our time.

The Physics of Wall Street: A Brief History of Predicting the Unpredictable


James Owen Weatherall - 2013
    While many of the mathematicians and software engineers on Wall Street failed when their abstractions turned ugly in practice, a special breed of physicists has a much deeper history of revolutionizing finance. Taking us from fin-de-siècle Paris to Rat Pack-era Las Vegas, from wartime government labs to Yippie communes on the Pacific coast, Weatherall shows how physicists successfully brought their science to bear on some of the thorniest problems in economics, from options pricing to bubbles.The crisis was partly a failure of mathematical modeling. But even more, it was a failure of some very sophisticated financial institutions to think like physicists. Models—whether in science or finance—have limitations; they break down under certain conditions. And in 2008, sophisticated models fell into the hands of people who didn’t understand their purpose, and didn’t care. It was a catastrophic misuse of science.The solution, however, is not to give up on models; it's to make them better. Weatherall reveals the people and ideas on the cusp of a new era in finance. We see a geophysicist use a model designed for earthquakes to predict a massive stock market crash. We discover a physicist-run hedge fund that earned 2,478.6% over the course of the 1990s. And we see how an obscure idea from quantum theory might soon be used to create a far more accurate Consumer Price Index.Both persuasive and accessible, The Physics of Wall Street is riveting history that will change how we think about our economic future.

The Great Transformation: The Political and Economic Origins of Our Time


Karl Polanyi - 1944
    His analysis explains not only the deficiencies of the self-regulating market, but the potentially dire social consequences of untempered market capitalism. New introductory material reveals the renewed importance of Polanyi's seminal analysis in an era of globalization and free trade.

The Myth of Meritocracy: Why Working-Class Kids Still Get Working-Class Jobs


James Bloodworth - 2016
    Meanwhile, it is increasingly difficult for bright but poor children to transcend their circumstances. This state of affairs should not only worry the poor. It hurts the middle classes too, who are increasingly locked out of the top professions by those from wealthy backgrounds.Hitherto, both Labour and Conservative politicians have sought to deal with this problem by promoting the idea of 'equality of opportunity'. In politics, social mobility is the only game in town and old socialist arguments, which emphasised economic equality, are about as unfashionable today as mullets and shell suits. Yet genuine equality of opportunity is impossible against a backdrop of levels of inequality last seen during the 1930s. In a grossly unequal society, the privileges of the parents unfailingly become the privileges of the children.A vague commitment from our politicians to build a ‘meritocracy’ is not enough. And besides, a perfectly stratified meritocracy, in which everyone knew their station based on ‘merit’, would be a deeply unpleasant place to live. Attempts to improve social mobility must start by reducing the gap between rich and poor.

The Moral Basis of a Backward Society


Edward C. Banfield - 1958
    Banfield uses a study of the people of southern Italy to argue how self-interested families can lead to poverty.Analyzing families in southern Italy in 1955, Moral Basis of a Backward Society discusses how poverty is a result of the inability to trust or associate strongly outside of immediate family. Challenged and argued for years, Edward C. Banfield’s study has become accept by many people in the modern age.

The Upswing: How America Came Together a Century Ago and How We Can Do It Again


Robert D. Putnam - 2020
    Deep and accelerating inequality; unprecedented political polarization; vitriolic public discourse; a fraying social fabric; public and private narcissism—Americans today seem to agree on only one thing: This is the worst of times. But we’ve been here before. During the Gilded Age of the late 1800s, America was highly individualistic, starkly unequal, fiercely polarized, and deeply fragmented, just as it is today. However as the twentieth century opened, America became—slowly, unevenly, but steadily—more egalitarian, more cooperative, more generous; a society more focused on our responsibilities to one another and less focused on our narrower self-interest. Sometime during the 1960s, however, our nation turned another corner, and all of these trends reversed, leaving us in today’s disarray. In a sweeping overview of more than a century of history, drawing on his inimitable combination of statistical analysis and storytelling, Robert Putnam analyzes a remarkable confluence of trends that brought us from an “I” society to a “We” society and then back again. He draws inspiring lessons for our time from an earlier era, when a dedicated group of reformers righted the ship, putting us on a path to becoming a society once again based on community. Engaging, revelatory, and timely, this is Putnam’s most ambitious work yet, a fitting capstone to a brilliant career.

America Beyond Capitalism: Reclaiming Our Wealth, Our Liberty, and Our Democracy


Gar Alperovitz - 2004
    . . . A tonic and eye-opener for anyone who wants a politics that works."-Jane Mansbridge, Adams Professor, John F. Kennedy School of Government, Harvard University"America Beyond Capitalism comes at a critical time in our history-when we all know our system isn't working but we are not sure what can be done about it. This book takes us outside the confines of orthodox thinking, imagines a new way of living together, and then brings that vision back into reality with a set of eminently practical ideas that promise a truly democratic society."-Howard Zinn, author of A People's History of the United States"Succeeds brilliantly in taking the Jeffersonian spirit into the last bastion of privilege in America, offering workable solutions for making the American economy one that is truly of, by, and for the people."-Jeremy Rifkin, author of The European Dream: How Europe's Vision of the Future Is Quietly Eclipsing the American Dream"The kind of careful, well-researched, and practical alternative progressives have been seeking. And it's more-visionary, hopeful, even inspirational. I highly recommend it."-Juliet Schor, author of The Overspent American: Why We Want What We Don't Need"A compelling and convincing story of the future."-William Greider, author of The Soul of Capitalism: Opening Paths to a Moral Economy