Book picks similar to
Modern Macroeconomics by Sanjay K Chugh


economics
behavioral-sciences
long-term-future

The Upside of Down: How Chaos and Uncertainty Breed Opportunity in South Africa


Bruce Whitfield - 2020
    You are wasting your time.In a world of fake news, deep-fakes, manipulated feeds of information and divisive social-media agendas, it's easy to believe that our time is the most challenging in human history. It's just not true.It is a time of extraordinary opportunity. But only if you have the right mindset. Fear of the future breeds inaction and leads to strategic paralysis. We put off decisions until we can have certainty. We look for signals. We wait. And while we do that, the world moves on around us.Problem-solvers thrive in chaotic and uncertain times because they act to change their future. Winners recognise that in a world of growing uncertainty, you need to resort to actions on things you can control.And the only things over which you have absolute control are your attitude and your mindset. These, in turn, determine the actions you will take and that will define your future.A robust mindset is the one common characteristic Bruce Whitfield has identified in two decades of interrogating how South Africa's billionaires and start-up mavericks think differently. They are not naive Pollyannas. They don't ignore risk or hope that problems will go away. They constantly measure, manage, consider and weigh up opportunities in a tumultuous sea of uncertainty and find ways around obstacles.If, as Nobel Prize-winning economist Robert Shiller suggests, the stories we tell affect economic outcomes, then we need to tell different stories amidst the noise and haste of a rapidly evolving world.

After Capitalism


David Schweickart - 2002
    He names this system Economic Democracy, a successor-system to capitalism which preserves the efficiency strengths of a market economy while extending democracy to the workplace and to the structures of investment finance. Drawing on both theoretical and empirical research, Schweickart shows how and why this model is efficient, dynamic, and superior to capitalism along a range of values."

The Great Economists


Phil Thornton - 2014
    It captures their key beliefs, explores their backgrounds, assesses their thinking and evaluates their legacy. It explains the schools of thought named after them and clearly shows how they influence our everyday lives.

Economics in the Age of COVID-19


Joshua Gans - 2020
    

Trading Wisdom: 50 lessons every trader should know


Cheds - 2021
    

Going to Extremes: How Like Minds Unite and Divide


Cass R. Sunstein - 2009
    Sunstein offers startling insights into why and when people gravitate toward extremism. Sunstein marshals a wealth of evidence that shows that when like-minded people gather in groups, they tend to become more extreme in their views than they were before. Thus when liberals group get together to debate climate change, they end up more alarmed about climate change, while conservatives brought together to discuss same-sex unions become more set against same-sex unions. In courtrooms, radio stations, and chatrooms, enclaves of like-minded people are breeding ground for extreme movements. Indeed, Sunstein shows that a good way to create an extremist group, or a cult of any kind, is to separate members from the rest of society, either physically or psychologically. Sunstein's findings help to explain such diverse phenomena as political outrage on the Internet, unanticipated "blockbusters" in the film and music industry, the success of the disability rights movement, ethnic conflict in Iraq and former Yugoslavia, and Islamic terrorism. Providing a wealth of real-world examples—sometimes entertaining, sometimes alarming—Sunstein offers a fresh explanation of why partisanship has become so bitter and debate so rancorous in America and abroad. Praise for the hardcover: "A path-breaking exploration of the perils and possibilities created by polarization among the like-minded."—Kathleen Hall Jamieson, co-author of unSpun and Echo Chamber"Poses a powerful challenge to anyone concerned with the future of our democracy. He reveals the dark side to our cherished freedoms of thought, expression and participation. Initiates an urgent dialogue which any thoughtful citizen should be interested in." —James S. Fishkin, author of When the People Speak

Sugar: The World Corrupted: From Slavery to Obesity


James Walvin - 2017
    But with the rise of the sugar colonies in the New World over the following century, sugar became cheap, ubiquitous and an everyday necessity. Less than fifty years ago, few people suggested that sugar posed a global health problem.  And yet today, sugar is regularly denounced as a dangerous addiction, on a par with tobacco. While sugar consumption remains higher than ever—in some countries as high as 100lbs per head per year—some advertisements even proudly proclaim that their product contains no sugar.How did sugar grow from prize to pariah? Acclaimed historian James Walvin looks at the history of our collective sweet tooth, beginning with the sugar grown by enslaved people who had been uprooted and shipped vast distances to undertake the grueling labor on plantations.  The combination of sugar and slavery would transform the tastes of the Western world.Masterfully insightful and probing, James Walvin reveals the relationship between society and sweetness over the past two centuries—and how it explains our conflicted relationship with sugar today.

All It Takes Is Guts


Walter E. Williams - 1988
    Williams destroys a number of prevailing social myths and explains why the nature of congressmen is not to act in the national interest.

False Black Power? (New Threats to Freedom Series)


Jason L. Riley - 2017
    In False Black Power?, Jason L. Riley takes an honest, factual look at why increased black political power has not paid off in the ways that civil rights leadership has promised. Recent decades have witnessed a proliferation of black elected officials, culminating in the historic presidency of Barack Obama. However, racial gaps in employment, income, homeownership, academic achievement, and other measures not only continue but in some cases have even widened. While other racial and ethnic groups in America have made economic advancement a priority, the focus on political capi­tal for blacks has been a disadvantage, blocking them from the fiscal capital that helped power upward mobility among other groups. Riley explains why the political strategy of civil rights lead­ers has left so many blacks behind. The key to black eco­nomic advancement today is overcoming cultural handicaps, not attaining more political power. The book closes with thoughtful responses from key thought leaders Glenn Loury and John McWhorter.

Iron Empires: Robber Barons, Railroads, and the Making of Modern America


Michael Hiltzik - 2020
    Once a hodgepodge of short, squabbling lines, America’s railways soon exploded into a titanic industry helmed by a pageant of speculators, crooks, and visionaries. The vicious competition between empire builders such as Cornelius Vanderbilt, Jay Gould, J. P. Morgan, and E. H. Harriman sparked stock market frenzies, panics, and crashes; provoked strikes that upended the relationship between management and labor; transformed the nation’s geography; and culminated in a ferocious two-man battle that shook the nation’s financial markets to their foundations and produced dramatic, lasting changes in the interplay of business and government.   Spanning four decades and featuring some of the most iconic figures of the Gilded Age, Iron Empires reveals how the robber barons drove the country into the twentieth century—and almost sent it off the rails.

Accounting for Slavery: Masters and Management


Caitlin Rosenthal - 2018
    A morally reprehensible―and very profitable business...Rosenthal argues that slaveholders in the American South and Caribbean were using advanced management and accounting techniques long before their northern counterparts. Techniques that are still used by businesses today."― Marketplace A Politico Great Weekend ReadAccounting for Slavery is a unique contribution to the decades-long effort to understand New World slavery's complex relationship with capitalism. Through careful analysis of plantation records, Caitlin Rosenthal explores the development of quantitative management practices on West Indian and Southern plantations. She shows how planter-capitalists built sophisticated organizational structures and even practiced an early form of scientific management. They subjected enslaved people to experiments, such as allocating and reallocating labor from crop to crop, planning meals and lodging, and carefully recording daily productivity. The incentive strategies they crafted offered rewards but also threatened brutal punishment.The traditional story of modern management focuses on the factories of England and New England, but Rosenthal demonstrates that investors in West Indian and Southern plantations used complex accounting practices, sometimes before their Northern counterparts. For example, some planters depreciated their human capital decades before the practice was a widely used accounting technique. Contrary to narratives that depict slavery as a barrier to innovation, Accounting for Slavery explains how elite planters turned their power over enslaved people into a productivity advantage. The brutality of slavery was readily compatible with the development of new quantitative techniques for workforce organization.By showing the many ways that business innovation can be a byproduct of bondage, Rosenthal further erodes the false boundary between capitalism and slavery and illuminates deep parallels between the outlooks of eighteenth- and nineteenth-century slaveholders and the ethical dilemmas facing twenty-first-century businesses.

SUPERHUBS: How the Financial Elite and their Networks Rule Our World


Sandra Navidi - 2017
    Combining insider's knowledge with principles of network science, Sandra Navidi offers a startling new perspective on how superhubs build their powerful networks and how their decisions impact all our lives. $UPERHUBS reveals what happens at the exclusive, invitation-only platforms - The World Economic Forum in Davos, the meetings of the International Monetary Fund, think-tank gatherings and exclusive galas. This is the most vivid portrait to date of the global elite: the bank CEOs, fund managers, billionaire financiers and politicians who, through their interlocking relationships and collective influence are transforming our increasingly fragile financial system, economy and society.

Raising Financially Fit Kids


Joline Godfrey - 2003
    At the heart of the book lies a defined set of values:Money is a tool for achieving and maintaining independence. Saving is good; accumulation for its own sake is not. Spending is best done wisely and within one’s means (though a bold purchase or investment may also be an act of wisdom). Greed is not good. Giving generously is part of one’s responsibility to the human family; shepherding wealth is an act of respect—to the past and the future. Money is an energy (not a commodity) that can be used for evil or for good.Designed for adults—parents, grandparents, mentors, advisors, and educators—concerned about raising children ages 5 to 18, RAISING FINANCIALLY FIT KIDS is centered around a developmental map covering ten specific money skills each child can master by the age of 18 to become a financially secure adult. This map gives parents a step-by-step approach to helping their kids become habitual savers, smart money mangers, and responsible decision makers. More than just a money book, RAISING FINANCIALLY FIT KIDS will help parents send their children into the world as balanced, financially stable individuals and contributing members of both their family and community.

When Work Disappears: The World of the New Urban Poor


William Julius Wilson - 1996
    Marshaling a vast array of data and the personal stories of hundreds of men and women, Wilson persuasively argues that problems endemic to America's inner cities;from fatherless households to drugs and violent crime.Wilson's achievement is to portray this crisis as one that affects all Americans, and to propose solutions whose benefits would be felt across our society. At a time when welfare is ending and our country's racial dialectic is more strained than ever.

The Chastening: Inside The Crisis That Rocked The Global Financial System And Humbled The IMF


Paul Blustein - 2001
    Based on hundreds of interviews with officials at the IMF, the World Bank, the U.S. Treasury, the Federal Reserve, the White House, and many foreign governments, The Chastening offers a behind-the-scenes look at the Fund during an extraordinarily turbulent period in modern economic history and at a time when the IMF has become the object of intense political controversy. While the IMF and its overseers at the Treasury and the Fed have sought to cultivate an image of economic masterminds coolly dispensing effective economic remedies, the reality is that as markets were sinking and defaults looming, the guardians of global financial stability were often floundering, improvising, and feuding among themselves. The Chastening casts serious doubt on the IMF's ability to combat of investor panics at a time when massive flows of money traverse borders and oceans. A readable, compelling account of the deeply flawed workings of the international political system, The Chastening is vital reading for students and scholars of international diplomacy, government, and economic and public policy.