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?

Franklin Delano Roosevelt


Alan Brinkley - 2009
    "And no president since Lincoln has served through darker or more difficult times. Roosevelt thrived in crisis. It brought out his greatness, and his guile. It triggered his almost uncanny ability to communicate effectively with people of all kinds. And at times, it helped him excoriate his enemies, and to revel in doing so." This brilliant, compact biography chronicles Franklin Delano Roosevelt's rise from a childhood of privilege to a presidency that forever changed the face of international diplomacy, the American party system, and the government's role in global and domestic policy. Brinkley, the National Book Award-winning New Deal historian, provides a clear, concise introduction to Roosevelt's sphinx-like character and remarkable achievements. In a vivid narrative packed with telling anecdotes, the book moves swiftly from Roosevelt's youth in upstate New York--characterized by an aristocratic lifestyle of trips to Europe and private tutoring--to his schooling at Harvard, his brief law career, and his initial entry into politics. From there, Brinkley chronicles Roosevelt's rise to the presidency, a position in which FDR remained until death, through an unparalleled three-plus terms in office. Throughout the book, Brinkley elegantly blends FDR's personal life with his professional one, providing a lens into the President's struggles with polio and his somewhat distant relationship with the first lady. Franklin Delano Roosevelt led the United States through the worst economic crisis in the nation's history and through the greatest and most terrible war ever recorded. His extraordinary legacy remains alive in our own troubled new century as a reminder of what bravery and strong leadership can accomplish.

The System: Who Rigged It, How We Fix It


Robert B. Reich - 2020
    After years of stagnant wages, volatile job markets, and an unwillingness by those in power to deal with profound threats such as climate change, there is a mounting sense that the system is fixed, serving only those select few with enough money to secure a controlling stake. With the characteristic clarity and passion that has made him a central civil voice, Robert B. Reich shows how wealth and power have interacted to install an elite oligarchy, eviscerate the middle class, and undermine democracy. Using Jamie Dimon, the chairman and CEO of JPMorgan Chase as an example, Reich exposes how those at the top propagate myths about meritocracy, national competitiveness, corporate social responsibility, and the free market to distract most Americans from their accumulation of extraordinary wealth, and power over the system. Instead of answering the call to civic duty, they have chosen to uphold self-serving policies that line their own pockets and benefit their bottom line. Reich's objective is not to foster cynicism, but rather to demystify the system so that we might instill fundamental change and demand that democracy works for the majority once again.

Land of Promise: An Economic History of the United States


Michael Lind - 2012
    Yet technology-driven change leads to growing misalignment between an innovative economy and anachronistic legal and political structures until the gap is closed by the modernization of America's institutions—often amid upheavals such as the Civil War and Reconstruction and the Great Depression and World War II.When the U.S. economy has flourished, government and business, labor and universities, have worked together in a never-ending project of economic nation building. As the United States struggles to emerge from the Great Recession, Michael Lind clearly demonstrates that Americans, since the earliest days of the republic, have reinvented the American economy - and have the power to do so again.

Progress and Poverty


Henry George - 1879
    Published in 1879, it was admired and advocated by great minds such as Albert Einstein, Winston Churchill, Leo Tolstoy and Sun Yat-sen in China.

Crude Volatility: The History and the Future of Boom-Bust Oil Prices


Robert McNally - 2017
    Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations.Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how--even from the oil industry's first years--wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions--first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC--succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations--including mistakes to avoid--as we confront the unwelcome return of boom and bust oil prices.

Too Rich: The Family Secrets of Doris Duke


Jason Thomas - 1995
    This highly entertaining biography, written by Jason Thomas and culled from the recollections and family records of Duke's godson, Pony Duke, represents the only candid record of Doris Duke's remarkable life and highly controversial death. From early childhood—too rich to play with other children for fear of disease, kidnapping, or mixing with those of less desirable lineage—Doris was virtually imprisoned in a cold, sterile mansion on Manhattan's Fifth Avenue (the house reeked of ammonia used to keep her environment germ-free) with a powerful father and a bitter, blue-blooded mother. As she broke free into adulthood, Doris inherited a massive fortune and learned to live life on her own terms. She entered into an arranged marriage and later divorced (her first); she learned the ways of sex and desire in the arms of a muscular Hawaiian Olympic champion; she followed her next love into World War II and returned alone. And amid her numerous and headline-making affairs, Doris Duke increased her vast wealth. Her investments in real estate, art, and business allowed her to leave behind far more money than she inherited, something few heiresses can boast. She learned from an early age that those who befriended her mind or romanced her body more than likely desired her wallet, and this realization left Doris Duke a lonely woman.<br>From interviews, private family documents, and the words of Doris herself, Too Rich provides facts and insights never before unearthed by the outside media. Her bizarre adoption of a thirty-five-year-old woman, Chandi Heffner, and, in later years, sensational events surrounding Duke's death and suspected murder in 1993—including the inside story of her butler, Bernard Lafferty—are meticulously documented in this uniquely intimate portrait of one of the most interesting and controversial celebrities of the twentieth century.<br><br>PONY DUKE is Doris Duke's cousin and godson and one of the surviving members of the Duke clan. He is a self-employed businessman and rancher living in Montana. JASON THOMAS is a novelist and former nationally syndicated columnist.<br><br>She was the richest child born in America; she had the president's private phone number; her scandalous marriages and affairs—with an ambassador, Olympian, musician, politician, general, international stud, and movie star—were legendary. But who, really, was Doris Duke? Who was the mysterious woman behind the billions, who took private pleasure in singing gospel music, loving nature, and seducing men? What insurmountable rules and expectations of wealth corralled her life into the world of the lonely elite—and led, at the age of eighty, to her alleged murder?<br><br>Too Rich was made into a successful CBS television mini-series entitled Too Rich: The Secret Life of Doris Duke starring Richard Chamberlain and Lauren Bacall.

The Retreat of the State: The Diffusion of Power in the World Economy


Susan Strange - 1996
    Big businesses, drug barons, insurers, accountants and international bureaucrats all encroach on the so-called sovereignty of the state. Professor Strange examines the implications of this rivalry and points to some new directions for research in international relations, international business and economics.

Norse Greenland: A Controlled Experiment in Collapse--A Selection from Collapse (Penguin Tracks)


Jared Diamond - 2012
    One island, two unique societies (Norse and Inuit). Only one of these societies would succeed--the other would fail. But how? With his trademark accessibility and comprehensiveness, Diamond documents how environmental damage, climate change, loss of friendly contacts and the rise of hostile ones, and the unique political, economic, and social settings of prehistoric Greenland combine to demonstrate exactly why and how societies choose to fail or succeed. Jared Diamond's latest book, "The World Until Yesterday: What Can We Learn from Traditional Societies?," is available from Viking.

The Yanks Are Coming!: A Military History of the United States in World War I


H.W. Crocker III - 2014
    W. Crocker III (The Politically Incorrect Guide to the Civil War, Robert E. Lee on Leadership, etc.) now turns his guns on the epic story of America’s involvement in the First World War with his new book The Yanks Are Coming: A Military History of the United States in World War I. 2014 marks the centenary of the beginning of that war, and in Crocker’s sweeping, American-focused account, readers will learn: How George S. Patton, Douglas MacArthur, George C. Marshall (of the Marshall Plan), "Wild Bill" Donovan (future founder of the OSS, the World War II precursor to the CIA), Harry S. Truman, and many other American heroes earned their military spurs in "The Great War"Why, despite the efforts of the almost absurdly pacifistic administration of Woodrow Wilson, American involvement in the war was inevitableHow the First World War was "the War that Made the Modern World"—sweeping away most of the crowned heads of Europe, redrawing the map of the Middle East, setting the stage for the rise of communism and fascismWhy the First World War marked America’s transition from a frontier power—some of our World War I generals had actually fought Indians—to a global superpower, with World War I generals like Douglas MacArthur living to see, and help shape, the nuclear age"The Young Lions of the War" -- heroes who should not be forgotten, like air ace Eddie Rickenbacker, Sergeant Alvin York (memorably portrayed by Gary Cooper in the Academy Award–winning movie Sergeant York), and all four of Theodore Roosevelt’s sons (one of whom was killed) Stirring, and full of brilliantly told stories of men at war, The Yanks Are Coming will be the essential book for readers interested in rediscovering America’s role in the First World War on its hundredth anniversary.

The Road to Serfdom


Friedrich A. Hayek - 1944
    Originally published in England in the spring of 1944—when Eleanor Roosevelt supported the efforts of Stalin, and Albert Einstein subscribed lock, stock, and barrel to the socialist program—The Road to Serfdom was seen as heretical for its passionate warning against the dangers of state control over the means of production. For F. A. Hayek, the collectivist idea of empowering government with increasing economic control would inevitably lead not to a utopia but to the horrors of nazi Germany and fascist Italy.First published by the University of Chicago Press on September 18, 1944, The Road to Serfdom garnered immediate attention from the public, politicians, and scholars alike. The first printing of 2,000 copies was exhausted instantly, and within six months more than 30,000 were sold. In April of 1945, Reader's Digest published a condensed version of the book, and soon thereafter the Book-of-the-Month Club distributed this condensation to more than 600,000 readers. A perennial best-seller, the book has sold over a quarter of a million copies in the United States, not including the British edition or the nearly twenty translations into such languages as German, French, Dutch, Swedish, and Japanese, and not to mention the many underground editions produced in Eastern Europe before the fall of the iron curtain.After thirty-two printings in the United States, The Road to Serfdom has established itself alongside the works of Alexis de Tocqueville, John Stuart Mill, and George Orwell for its timeless meditation on the relation between individual liberty and government authority. This fiftieth anniversary edition, with a new introduction by Milton Friedman, commemorates the enduring influence of The Road to Serfdom on the ever-changing political and social climates of the twentieth century, from the rise of socialism after World War II to the Reagan and Thatcher "revolutions" in the 1980s and the transitions in Eastern Europe from communism to capitalism in the 1990s.F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and the principal proponent of libertarianism in the twentieth century.On the first American edition of The Road to Serfdom:"One of the most important books of our generation. . . . It restates for our time the issue between liberty and authority with the power and rigor of reasoning with which John Stuart Mill stated the issue for his own generation in his great essay On Liberty. . . . It is an arresting call to all well-intentioned planners and socialists, to all those who are sincere democrats and liberals at heart to stop, look and listen."—Henry Hazlitt, New York Times Book Review, September 1944"In the negative part of Professor Hayek's thesis there is a great deal of truth. It cannot be said too often—at any rate, it is not being said nearly often enough—that collectivism is not inherently democratic, but, on the contrary, gives to a tyrannical minority such powers as the Spanish Inquisitors never dreamt of."—George Orwell, Collected Essays

Profit Over People: Neoliberalism and Global Order


Noam Chomsky - 1998
    By examining the contradictions between the democratic and market principles proclaimed by those in power and those actually practiced, Chomsky critiques the tyranny of the few that restricts the public arena and enacts policies that vastly increase private wealth, often with complete disregard for social and ecological consequences. Combining detailed historical examples and uncompromising criticism, Chomsky offers a profound sense of hope that social activism can reclaim people's rights as citizens rather than as consumers, redefining democracy as a global movement, not a global market.

Has China Won?: The Chinese Challenge to American Primacy


Kishore Mahbubani - 2020
    But is it avoidable? And if it happens, is the outcome already inevitable?China and America are world powers without serious rivals. They eye each other warily across the Pacific; they communicate poorly; there seems little natural empathy. A massive geopolitical contest has begun.America prizes freedom; China values freedom from chaos.America values strategic decisiveness; China values patience.America is becoming society of lasting inequality; China a meritocracy.America has abandoned multilateralism; China welcomes it.Kishore Mahbubani, a diplomat and scholar with unrivalled access to policymakers in Beijing and Washington, has written the definitive guide to the deep fault lines in the relationship, a clear-eyed assessment of the risk of any confrontation, and a bracingly honest appraisal of the strengths and weaknesses, and superpower eccentricities, of the US and China.

Tiny Blunders/Big Disasters: Thirty-Nine Tiny Mistakes That Changed the World Forever (Revised Edition)


Jared Knott - 2020
    World History

Goliath: The 100-Year War Between Monopoly Power and Democracy


Matt Stoller - 2019
    A concentration of power, whether in the hands of a military dictator or a JP Morgan, was understood as autocratic and dangerous to individual liberty and democracy. This idea stretched back to the country’s founding. In the 1930s, people observed that the Great Depression was caused by financial concentration in the hands of a few whose misuse of their power induced a financial collapse. They drew on this tradition to craft the New Deal. In Goliath, Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today’s bitter recriminations and panic represent more than just fear of the future, they reflect a basic confusion about what is happening and the historical backstory that brought us to this moment. The true effects of populism, a shrinking middle class, and concentrated financial wealth are only just beginning to manifest themselves under the current administrations. The lessons of Stoller’s study will only grow more relevant as time passes. Building upon his viral article in The Atlantic, “How the Democrats Killed Their Populist Soul,” Stoller illustrates in rich detail how we arrived at this tenuous moment, and the steps we must take to create a new democracy.