Book picks similar to
Transaction Cost Economics by Oliver E. Williamson
economics
economics-history
economics-institutions
innovation-political-economy
War and Gold: A Five-Hundred-Year History of Empires, Adventures, and Debt
Kwasi Kwarteng - 2014
The vast quantities of gold and silver would make their country rich, yet the new wealth, which was plunged into multiple wars, would eventually lead to the economic ruin of their empire. Here, historian and politician Kwasi Kwarteng shows that this moment in world history has been echoed many times, from the French Revolution to both World Wars, right up to the present day, when our own financial crisis saw many of our great nations slip into financial trouble. Kwarteng reveals a pattern of war-waging, financial debt and fluctuations between paper money and the gold standard, and creates a compelling study of the powerful relationship that has shaped the world as we know it, that between war and gold.
The Rise and Fall of the British Nation: A Twentieth-Century History
David Edgerton - 2018
Nobody would dream of writing the history of Germany, say, or the Soviet Union in this way.David Edgerton's major new history breaks out of the confines of traditional British national history to redefine what it was to British, and to reveal an unfamiliar place, subject to huge disruptions. This was not simply because of the world wars and global economic transformations, but in its very nature. Until the 1940s the United Kingdom was, Edgerton argues, an exceptional place: liberal, capitalist and anti-nationalist, at the heart of a European and global web of trade and influence. Then, as its global position collapsed, it became, for the first time and only briefly, a real, successful nation, with shared goals, horizons and industry, before reinventing itself again in the 1970s as part of the European Union and as the host for international capital, no longer capable of being a nation.Packed with surprising examples and arguments, The Rise and Fall of the British Nation gives us a grown-up, unsentimental history which takes business and warfare seriously, and which is crucial at a moment of serious reconsideration for the country and its future.
Prophet of Innovation: Joseph Schumpeter and Creative Destruction
Thomas K. McCraw - 2007
Destruction of businesses, fortunes, products, and careers is the price of progress toward a better material life. No one understood this bedrock economic principle better than Joseph A. Schumpeter. "Creative destruction," he said, is the driving force of capitalism.Described by John Kenneth Galbraith as "the most sophisticated conservative" of the twentieth century, Schumpeter made his mark as the prophet of incessant change. His vision was stark: Nearly all businesses fail, victims of innovation by their competitors. Businesspeople ignore this lesson at their peril--to survive, they must be entrepreneurial and think strategically. Yet in Schumpeter's view, the general prosperity produced by the "capitalist engine" far outweighs the wreckage it leaves behind.During a tumultuous life spanning two world wars, the Great Depression, and the early Cold War, Schumpeter reinvented himself many times. From boy wonder in turn-of-the-century Vienna to captivating Harvard professor, he was stalked by tragedy and haunted by the specter of his rival, John Maynard Keynes. By 1983--the centennial of the birth of both men--Forbes christened Schumpeter, not Keynes, the best navigator through the turbulent seas of globalization. Time has proved that assessment accurate."Prophet of Innovation" is also the private story of a man rescued repeatedly by women who loved him and put his well-being above their own. Without them, he would likely have perished, so fierce were the conflicts between his reason and his emotions. Drawing on all of Schumpeter's writings, including many intimate diaries and letters never before used, this biography paints the full portrait of a magnetic figure who aspired to become the world's greatest economist, lover, and horseman--and admitted to failure only with the horses.
Adam's Fallacy: A Guide to Economic Theology
Duncan K. Foley - 2006
Like Robert Heilbroner's The Worldly Philosophers, it attempts to explain the core ideas of the great economists, beginning with Adam Smith and ending with Joseph Schumpeter. In between are chapters on Thomas Malthus, David Ricardo, Karl Marx, the marginalists, John Maynard Keynes, Friedrich Hayek and Thorstein Veblen. The title expresses Duncan Foley's belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science. Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest of social life, in which the pursuit of self-interest is morally problematic and has to be weighed against other ends.
Hall of Mirrors: The Great Depression, the Great Recession, and the Uses - and Misuses - of History
Barry Eichengreen - 2014
Both occurred against the backdrop of sharp credit booms, dubious banking practices, and a fragile and unstable global financial system. When markets went into cardiac arrest in 2008, policymakers invoked the lessons of the Great Depression in attempting to avert the worst. While their response prevented a financial collapse and catastrophic depression like that of the 1930s, unemployment in the U.S. and Europe still rose to excruciating high levels. Pain and suffering were widespread.The question, given this, is why didn't policymakers do better? Hall of Mirrors, Barry Eichengreen's monumental twinned history of the two crises, provides the farthest-reaching answer to this question to date. Alternating back and forth between the two crises and between North America and Europe, Eichengreen shows how fear of another Depression following the collapse of Lehman Brothers shaped policy responses on both continents, with both positive and negative results. Since bank failures were a prominent feature of the Great Depression, policymakers moved quickly to strengthen troubled banks. But because derivatives markets were not important in the 1930s, they missed problems in the so-called shadow banking system. Having done too little to support spending in the 1930s, governments also ramped up public spending this time around. But the response was indiscriminate and quickly came back to haunt overly indebted governments, particularly in Southern Europe. Moreover, because politicians overpromised, and because their measures failed to stave off a major recession, a backlash quickly developed against activist governments and central banks. Policymakers then prematurely succumbed to the temptation to return to normal policies before normal conditions had returned. The result has been a grindingly slow recovery in the United States and endless recession in Europe.Hall of Mirrors is both a major work of economic history and an essential exploration of how we avoided making only some of the same mistakes twice. It shows not just how the lessons of Great Depression history continue to shape society's response to contemporary economic problems, but also how the experience of the Great Recession will permanently change how we think about the Great Depression.
Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself
Sheila Bair - 2012
Bull By The Horns: Fighting To Save Main Street From Wall Street, by Bair, Sheila
The Domino Effect
E. Russell Braziel - 2016
This book presents a unique, integrated perspective on natural gas, crude oil and natural gas liquids that is vital to understanding energy prices, product flows, infrastructure, equity values and the global energy economy.Innovative analysis provides energy producers, marketers, end users, financiers, and investors with a framework for understanding the tectonic shift in global supply and demand that will continue to drive energy markets for decades to come. The Domino Effect also delivers high-level insights into exploiting the extraordinary investment, trade and career opportunities that will continue to be opened by the shale revolution.
The Joy of Game Theory: An Introduction to Strategic Thinking
Presh Talwalkar - 2013
Articles from Game Theory Tuesdays have been referenced in The Freakonomics Blog, Yahoo Finance, and CNN.com. The second edition includes many streamlined explanations and incorporates suggestions from readers of the first edition. Game theory is the study of interactive decision making--that is, in situations where each person's action affects the outcome for the whole group. Game theory is a beautiful subject and this book will teach you how to understand the theory and practically implement solutions through a series of stories and the aid of over 30 illustrations. This book has two primary objectives. (1) To help you recognize strategic games, like the Prisoner's Dilemma, Bertrand Duopoly, Hotelling's Game, the Game of Chicken, and Mutually Assured Destruction. (2) To show you how to make better decisions and change the game, a powerful concept that can transform no-win situations into mutually beneficial outcomes. You'll learn how to negotiate better by making your threats credible, sometimes limiting options or burning bridges, and thinking about new ways to create better outcomes. As these goals indicate, game theory is about more than board games and gambling. It all seems so simple, and yet that definition belies the complexity of game theory. While it may only take seconds to get a sense of game theory, it takes a lifetime to appreciate and master it. This book will get you started.
Shakedown Socialism: Unions, Pitchforks, Collective Greed, The Fallacy of Economic Equality, and other Optical Illusions of "Redistributive Justice"
Oleg Atbashian - 2010
Atbashian explains why Socialism cannot work. He exposes the injustice of "Collective Greed" and shows why Economic Equality is a fraud. The book is an eye-opener as the author illustrates his points with examples drawn from his life in the Soviet Union before 1994 and more recent events in the USA. "Oleg Atbashian has written a timely warning for Americans about the collectivists among us and their plans for the future. I hope everyone reads this book." -- David Horowitz, Author of One Party Classroom (2009) "In his brilliant, witty, and wonderfully illustrated Shakedown Socialism, Oleg Atbashian -- who grew up in the Soviet Union, shows what is happening in Obama's America today, and explains why it is putting us on the road to ruin. Shakedown Socialism is an enlightening, sobering, and wonderfully clear explanation of why statism kills -- and thus also of why and how Barack Obama is killing the American economy. This book shows why Obama's statist economic policies are a looming disaster for America and for the spirit of the free human individual." -- Pamela Geller, author, The Post-American Presidency: The Obama Administration's War On America "Brightly written and filled with entertaining and illuminating illustrations, Oleg Atbashian's Shakedown Socialism is a clear and eye-opening guide to exactly what is wrong with socialism and state control of the means of production, and how it kills both the economy and human initiative. Shakedown Socialism is an essential and inspiring guide to the virtues of the free market." -- Robert Spencer, author of the New York Times bestsellers The Politically Incorrect Guide to Islam (and the Crusades) and The Truth About Muhammad
Wealth and Democracy: A Political History of the American Rich
Kevin Phillips - 2002
His bestselling books, including The Emerging Republican Majority (1969) and The Politics of Rich and Poor (1990), have influenced presidential campaigns and changed the way America sees itself. Widely acknowledging Phillips as one of the nation's most perceptive thinkers, reviewers have called him a latter-day Nostradamus and our "modern Thomas Paine." Now, in the first major book of its kind since the 1930s, he turns his attention to the United States' history of great wealth and power, a sweeping cavalcade from the American Revolution to what he calls "the Second Gilded Age" at the turn of the twenty-first century.The Second Gilded Age has been staggering enough in its concentration of wealth to dwarf the original Gilded Age a hundred years earlier. However, the tech crash and then the horrible events of September 11, 2001, pointed out that great riches are as vulnerable as they have ever been. In Wealth and Democracy, Kevin Phillips charts the ongoing American saga of great wealth–how it has been accumulated, its shifting sources, and its ups and downs over more than two centuries. He explores how the rich and politically powerful have frequently worked together to create or perpetuate privilege, often at the expense of the national interest and usually at the expense of the middle and lower classes.With intriguing chapters on history and bold analysis of present-day America, Phillips illuminates the dangerous politics that go with excessive concentration of wealth. Profiling wealthy Americans–from Astor to Carnegie and Rockefeller to contemporary wealth holders–Phillips provides fascinating details about the peculiarly American ways of becoming and staying a multimillionaire. He exposes the subtle corruption spawned by a money culture and financial power, evident in economic philosophy, tax favoritism, and selective bailouts in the name of free enterprise, economic stimulus, and national security.Finally, Wealth and Democracy turns to the history of Britain and other leading world economic powers to examine the symptoms that signaled their declines–speculative finance, mounting international debt, record wealth, income polarization, and disgruntled politics–signs that we recognize in America at the start of the twenty-first century. In a time of national crisis, Phillips worries that the growing parallels suggest the tide may already be turning for us all.From the Hardcover edition.
Quicklet Outliers Malcolm Gladwell
The Quicklet Team - 2011
Attributing achievements to a combination of long hours of practice, strong community support, and just being born at the right time, Gladwell analyzes the small factors which lead to success. If you want to learn everything you want to know about Outliers without reading more than 300 pages, our Quicklet book and eBook is for you - fast, fun, and the best material up front!CHAPTER OUTLINEQuicklet On OutliersIntroductionList Of Important PeopleKey Terms & DefinitionsIntroduction Summary: The Roseto Mystery...and much more
Stack Silver Get Gold - How to Buy Gold and Silver Bullion without Getting Ripped Off!
Hunter Riley III - 2012
Its the only gold and silver investing book you will ever need because its written by a nationally recognized precious metals investing expert with almost 15 years of buying gold and silver bullion under his belt. He reveals all the tricks of the trade that most people in the gold and silver industry probably don't want you to know. "Stack Silver Get Gold will become "the bible" for both first time and long time precious metal investors. Tons of useful information and very well written. You have a real winner in this book." -Bill Zielinski (editor of goldandsilverblog.com) Stack Silver Get Gold: How to Buy Gold and Silver Bullion without Getting Ripped Off! Congratulations, you know that investing in gold and silver is a good idea and you're ready to buy gold and silver before the general public catches on. You have a wisdom few other people possess. So you want to know how to begin investing in silver and gold without getting ripped off? Do you want to buy silver and gold bullion but don't know where to begin? Do you want to avoid all the silver and gold buying scams on TV and the internet? Do you want to learn how to avoid having your gold and silver confiscated by the government? Do you want to know how and where to store and secure your gold and silver at your home, in the most secure vaults in the United States and secret vault storage options in other countries? You want to know how to start investing in gold and silver for as little as $25 using a strategy called dollar cost averaging? Do you want to buy gold or silver today, within 10 minutes of reading this short book? Read this book and you'll discover the answers to your questions above plus.... *The 7 types of gold and silver bullion to buy now and how to sell if you have t *The 11 types of gold and silver to avoid like the plague *The top 3 most secure places to store your precious metals, including home safes and private highly secure vaults *How to store your gold and silver secretly in another country *How the author is personally investing in gold and silver, his exact strategy *Exactly where to buy your gold and silver (the actual websites and dealers) *How to add gold and silver bullion to your IRA or 401k *How to start gold and silver investing safely and avoid all the tricks of scam artists and precious metals dealers *Tax and reporting requirements and even travel restrictions and how to get around them Stack Silver Get Gold was written by Hunter Riley III. Hunter spent most of his twenties on the futures trading floor of the rough and tumble pits in Chicago Mercantile Exchange and has been investing in silver and gold for more than a decade. He's witnessed all the ways the gold and silver bullion market will try to chew you up and spit you out and hew wrote this book so you can overcome them and be a successful gold and silver investor. His short, no fluff, straight to the point book boils down over a decade's worth of investing do's and don'ts into about 100 pages. You can literally read this book and start investing in gold and silver with total confidence, safety and ease on the same day you buy it. The funny thing is that this is probably the shortest book on gold and silver investing ever written but it's also is the only book you'll ever need to invest in gold and silver. Hunter values his time very much and he's written this book as straight to the point as possible because he knows you value your time as well. Some of those people who share your wise views are Jim Rogers, Michael Maloney, Robert Kiyosaki, Kevin Hogan, James Turk, Richard Duncan, Timothy Ferriss, Warren Buffet, Brendon Burchard, Kyle Bass, Peter Schiff and Marc Faber just to name a few. Go buy this book now. It will SAVE you a ton of money. Buy Stack Silver Get Gold: How to Buy Gold and Silver without Getting Ripped Off!
The Flipping Blueprint: The Complete Plan for Flipping Houses and Creating Your Real Estate-Investing Business
Luke Weber - 2017
Everything you need to begin or continue your journey in real estate investing is here. How to present yourself to other real estate professionals, where to find the deals, how to talk to private lenders, where to find contractors, how to maximize profits on your flips and more. This is your guide to creating your real estate investing future. If you have ever thought about getting into real estate investing, this book will show you how to do it safely and securely.