How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness


Russ Roberts - 2014
    But few people know that when it came to the behavior of individuals—the way we perceive ourselves, the way we treat others, and the decisions we make in pursuit of happiness—the Scottish philosopher had just as much to say. He developed his ideas on human nature in an epic, sprawling work titled The Theory of Moral Sentiments. Most economists have never read it, and for most of his life, Russ Roberts was no exception. But when he finally picked up the book by the founder of his field, he realized he’d stumbled upon what might be the greatest self-help book that almost no one has read.In How Adam Smith Can Change Your Life, Roberts examines Smith’s forgotten masterpiece, and finds a treasure trove of timeless, practical wisdom. Smith’s insights into human nature are just as relevant today as they were three hundred years ago. What does it takes to be truly happy? Should we pursue fame and fortune or the respect of our friends and family? How can we make the world a better place? Smith’s unexpected answers, framed within the rich context of current events, literature, history, and pop culture, are at once profound, counter-intuitive, and highly entertaining. In reinvigorating this neglected classic, this book provides us with an invaluable look at human behavior through the lens of one of history’s greatest minds.

Blackwater: The Rise of the World's Most Powerful Mercenary Army


Jeremy Scahill - 2007
    The shooting spree, labeled "Baghdad's Bloody Sunday," was neither the work of Iraqi insurgents nor U.S. soldiers. The shooters were private forces working for the secretive mercenary company, Blackwater Worldwide. This is the explosive story of a company that rose a decade ago from Moyock, North Carolina, to become one of the most powerful players in the "War on Terror." In his gripping bestseller, award-winning journalist Jeremy Scahill takes us from the bloodied streets of Iraq to hurricane-ravaged New Orleans to the chambers of power in Washington, to expose Blackwater as the frightening new face of the U.S. war machine.

Nudge: Improving Decisions About Health, Wealth, and Happiness


Richard H. Thaler - 2008
    Thaler, and Cass R. Sunstein: a revelatory look at how we make decisionsNew York Times bestsellerNamed a Best Book of the Year by The Economist and the Financial Times Every day we make choices—about what to buy or eat, about financial investments or our children’s health and education, even about the causes we champion or the planet itself. Unfortunately, we often choose poorly. Nudge is about how we make these choices and how we can make better ones. Using dozens of eye-opening examples and drawing on decades of behavioral science research, Nobel Prize winner Richard H. Thaler and Harvard Law School professor Cass R. Sunstein show that no choice is ever presented to us in a neutral way, and that we are all susceptible to biases that can lead us to make bad decisions. But by knowing how people think, we can use sensible “choice architecture” to nudge people toward the best decisions for ourselves, our families, and our society, without restricting our freedom of choice.

What a Party!: My Life Among Democrats: Presidents, Candidates, Donors, Activists, Alligators and Other Wild Animals


Terry McAuliffe - 2007
    Who knew Terry could sit still long enough to give us a book this good? "What a Party!" is a must-read for all of us who love politics, believe in public service, and know that laughter is often the best survival strategy." --President Bill Clinton "No one knows more about American politics than Terry McAuliffe. He givesus some remarkable insights and knows how to make his accounts both humorousand informative." --President Jimmy Carter "I've often said Terry's energy could light up a city, and readers of this book will know why. Terry's excitement for politics--and life--is evident on every page." --Senator Hillary Clinton For more than twenty-five years, Terry McAuliffe has been at the epicenter of American politics. Just out of Catholic University in Washington, Terry took a position with the Carter-Mondale campaign and quickly became one of the campaign's chief fund-raisers--and hasn't looked back since. The list of Terrys former mentors, friends, and close associates in the nation's capital reads like a who's who of legendary Democrats: Tip O'Neill. Jimmy Carter. Dick Gephardt. Bill Clinton. Hillary Clinton. Al Gore. The list goes on and on. Terry has fought hard for the Democratic Party his entire life and, as Bill Clinton reveals here for the first time, he was the first one in the party to see opportunity in the Republican gains in the 1994 Congressional elections. Without question the most successful fund-raiser in political history, Terry established himself as a heavyweight Democratic strategist and leader who was George W. Bushs most vocal and persistent critic during the first four years of the Bush 43 presidency. He earned rave reviews even from former critics for his groundbreaking work as chairman of the Democratic National Committee from 2001 to 2005, pulling the DNC out of debt for the first time in its history. Terry has served as a confidant and adviser to President Clinton and countless presidential candidates, a mediator among party leaders, the chairman of a national convention and presidential inaugural, and a forceful spokesman for the party--all without losing his reputation as a colorful, fun-loving character liked and respected even by his Republican adversaries. "What a Party!" is a fascinating, hilarious, and provocative look at the life of one of Washington's legendary figures. From wrestling an alligator to running the Democratic National Committee to his friendship with President Clinton, Terry McAuliffe's wonderful memoir covers it all and is, without doubt, the political book of the year.

Debt: The First 5,000 Years


David Graeber - 2011
    The problem with this version of history? There’s not a shred of evidence to support it.Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors. Graeber shows that arguments about debt and debt forgiveness have been at the center of political debates from Italy to China, as well as sparking innumerable insurrections. He also brilliantly demonstrates that the language of the ancient works of law and religion (words like “guilt,” “sin,” and “redemption”) derive in large part from ancient debates about debt, and shape even our most basic ideas of right and wrong. We are still fighting these battles today without knowing it.Debt: The First 5,000 Years is a fascinating chronicle of this little known history—as well as how it has defined human history, and what it means for the credit crisis of the present day and the future of our economy.

Tombstone: The Great Chinese Famine, 1958-1962


Yang Jisheng - 2008
    One of the greatest tragedies of the twentieth century, the famine is poorly understood, and in China is still euphemistically referred to as "the three years of natural disaster."As a journalist with privileged access to official and unofficial sources, Yang Jisheng spent twenty years piecing together the events that led to mass nationwide starvation, including the death of his own father. Finding no natural causes, Yang attributes responsibility for the deaths to China's totalitarian system and the refusal of officials at every level to value human life over ideology and self-interest.

The Fate of Africa: A History of Fifty Years of Independence


Martin Meredith - 2005
    As Europe's colonial powers withdrew, dozens of new states were launched amid much jubilation and to the world's applause. African leaders stepped forward with energy and enthusiasm to tackle the problems of development and nation-building, boldly proclaiming their hopes of establishing new societies that might offer inspiration to the world at large. The circumstances seemed auspicious. Independence came in the midst of an economic boom. On the world stage, African states excited the attention of the world's rival power blocs; in the Cold War era, the position that each newly independent state adopted in its relations with the West or the East was viewed as a matter of crucial importance. Africa was considered too valuable a prize to lose." "Today, Africa is spoken of only in pessimistic terms. The sum of its misfortunes - its wars, its despotisms, its corruption, its droughts - is truly daunting. No other area of the world arouses such a sense of foreboding. Few states have managed to escape the downward spiral: Botswana stands out as a unique example of an enduring multi-party democracy; South Africa, after narrowly avoiding revolution, has emerged in the post-apartheid era as a well-managed democratic state. But most African countries are effectively bankrupt, prone to civil strife, subject to dictatorial rule, weighted down by debt, and heavily dependent on Western assistance for survival." "So what went wrong? What happened to this vast continent, so rich in resources, culture and history, to bring it so close to destitution and despair in the space of two generations?" Focusing on the key personalities, events and themes of the independence era, Martin Meredith's narrative history seeks to explore and explain the myriad problems that Africa has faced in the past half-century, and faces still. The Fate of Africa is essential reading for anyone seeking to understand how it came to this — and what, if anything, is to be done.

Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions


Joshua Rosenbaum - 2009
    Due to the fast-paced nature of this world, however, no one has been able to take the time to properly codify the lifeblood of the corporate financier's work--namely, valuation. Rosenbaum and Pearl have responded to this need by writing the book that they wish had existed when they were trying to break into Wall Street. Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions is a highly accessible and authoritative book that focuses on the primary valuation methodologies currently used on Wall Street--comparable companies, precedent transactions, DCF, and LBO analysis. These methodologies are used to determine valuation for public and private companies within the context of M&A transactions, LBOs, IPOs, restructurings, and investment decisions. Using a step-by-step how-to approach for each methodology, the authors build a chronological knowledge base and define key terms, financial concepts, and processes throughout the book. They also provide a comprehensive overview of the fundamentals of LBOs and an organized M&A sale process.In the aftermath of the subprime mortgage crisis and ensuing credit crunch, the world of finance is returning to the fundamentals of valuation and critical due diligence. This involves the use of more realistic assumptions governing approach to risk as well as a wide range of value drivers. While valuation has always involved a great deal of "art" in addition to time-tested "science," the artistry is perpetually evolving in accordance with market developments and conditions. In this sense, this book is particularly topical--in addition to detailing the technical fundamentals behind valuation, the authors infuse practical judgment skills and perspective to help guide the science.

Global Shift: Mapping the Changing Contours of the World Economy


Peter Dicken - 1986
    Peter Dicken provides a comprehensive, balanced yet critical account of globalization processes and their sweeping, highly uneven effects on people's lives. Each timely chapter has been extensively rewritten to reflect current globalization and antiglobalization debates, the latest empirical developments, and new ideas about the shaping and reshaping of production, distribution, and consumption in the world economy.New in the Fifth Edition*An entirely new case study on the agro-foods industries*A substantially expanded discussion of problems of global governance (involving such institutions as the WTO, the World Bank, and the IMF) and the increasing role of global civil society organizations*All statistical materials have been updated and are presented in nearly 250 specially designed figures and tables

The Creature from Jekyll Island: A Second Look at the Federal Reserve


G. Edward Griffin - 1994
    Cussed and discussed by all from notable politicians to academicians to laypersons. Do you want to know the truth about money? Creature from Jekyll Island will give you the answers to these, and other, questions: Where does money come from? Where does it go? Who makes it? The money magicians' secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money. A dry and boring subject? Just wait! You'll be hooked in five minutes. Creature from Jekyll Island Reads like a detective story which it really is. But it's all true. This book is about the most blatant scam of all history. It's all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Creature from Jekyll Island is a "must read." Your world view will definitely change. You'll never trust a politician again or a banker.

Millionaire Expat: How To Build Wealth Living Overseas


Andrew Hallam - 2017
    As a follow-up to The Global Expatriate's Guide to Investing, this book provides savvy investment advice for everyone—no matter where you're from—to help you achieve your financial goals. Whether you're looking for safety, strong growth, or a mix of both, index funds are the answer. Low-risk and reliable, these are the investments you won't hear about from most advisors. Most advisors would rather earn whopping commissions than follow sound financial principles, but Warren Buffett and Nobel Prize winners agree that index funds are the best way to achieve market success—so who are you ready to trust with your financial future? If you want a better advisor, this book will show you how to find one; if you'd rather go it alone, this book gives you index fund strategies to help you invest in the best products for you. Learn how to invest for both safety and strong returns Discover just how much retirement will actually cost, and how much you should be saving every month Find out where to find a trustworthy advisor—or go it alone Take advantage of your offshore status to invest successfully and profitably Author Andrew Hallam was a high school teacher who built a million-dollar portfolio—on a teacher's salary. He knows how everyday people can achieve success in the market. In Millionaire Expat, he tailors his best advice to the unique needs of those living overseas to give you the targeted, real-world guidance you need.

9 Lessons in Brexit


Ivan Rogers - 2019
    RowlingTwo and a half years after Britain voted to leave the European Union, the political debate over Brexit seems as intense and as complicated as ever. Who and what can we trust? And how on earth do we make sense of it all?Ivan Rogers, the UK’s former ambassador to the EU, is uniquely placed to tell some home truths about the failure of the British political class and the flaws, dishonesty and confusion inherent in the UK’s approach to Brexit so far.In this short, elegant essay, Rogers draws up nine lessons that we, as a soon-to-be ‘third country’, need to learn from the last few years, if the next few years – indeed the next decade – are not to be even more painful.

The Corporation: The Pathological Pursuit of Profit and Power


Joel Bakan - 2003
    Eminent Canadian law professor and legal theorist Joel Bakan contends that today's corporation is a pathological institution, a dangerous possessor of the great power it wields over people and societies.In this revolutionary assessment of the history, character, and globalization of the modern business corporation, Bakan backs his premise with the following observations:-The corporation’s legally defined mandate is to pursue relentlessly and without exception its own economic self-interest, regardless of the harmful consequences it might cause to others. -The corporation’s unbridled self-interest victimizes individuals, society, and, when it goes awry, even shareholders and can cause corporations to self-destruct, as recent Wall Street scandals reveal. -Governments have freed the corporation, despite its flawed character, from legal constraints through deregulation and granted it ever greater authority over society through privatization.But Bakan believes change is possible and he outlines a far-reaching program of achievable reforms through legal regulation and democratic control.Featuring in-depth interviews with such wide-ranging figures as Nobel Prize winner Milton Friedman, business guru Peter Drucker, and cultural critic Noam Chomsky, The Corporation is an extraordinary work that will educate and enlighten students, CEOs, whistle-blowers, power brokers, pawns, pundits, and politicians alike.

How to Speak Money: What the Money People Say — And What It Really Means


John Lanchester - 2014
    How to Speak Money is acclaimed writer John Lanchester’s entertaining and informative attempt to bridge the gap between the money people and the rest of us. With characteristic wit and candor (“wickedly funny” — Dwight Garner, New York Times), Lanchester shows how the world of finance and economics really works — from the terms and conditions of your personal checking account to the evasions of bankers appearing in front of Congress. How to Speak Money reveals how the language of money is often a tool to conceal and mislead; he explains hundreds of common economic terms, from GDP to the IMF, amortization to securitization to collateralized debt obligation; and he argues that we all need to speak money lest those who do write the financial rules for themselves.

Socialism: A Very Short Introduction


Michael Newman - 2005
    In this Very Short Introduction, Michael Newman seeks to place the idea of socialism in a modern context for today's readers. He explains socialist ideas in the framework of its historical evolution, from the French Revolution to the present day, and examines practical attempts to implement socialism.Not just another history of socialist ideas, this book aims for a different approach that looks at practice as well as theory--centering on the contrast between Communism and Social Democracy. The relationship between socialism and notions of democracy, freedom, and equality is also discussed. Newman brings the subject entirely up to date by tackling contemporary forms of socialism. While the book's focus is on Europe and the Soviet Union, it is set in a broader geographical context. Newman's fresh approach to the subject enables the reader to re-evaluate socialism.About the Series: Combining authority with wit, accessibility, and style, Very Short Introductions offer an introduction to some of life's most interesting topics. Written by experts for the newcomer, they demonstrate the finest contemporary thinking about the central problems and issues in hundreds of key topics, from philosophy to Freud, quantum theory to Islam.