Using a rich array of historical examples and data, Shiller argues that studying popular stories that affect individual and collective economic behavior--what he calls narrative economics--has the potential to vastly improve our ability to predict, prepare for, and lessen the damage of financial crises, recessions, depressions, and other major economic events.Spread through the public in the form of popular stories, ideas can go viral and move markets--whether it's the belief that tech stocks can only go up, that housing prices never fall, or that some firms are too big to fail. Whether true or false, stories like these--transmitted by word of mouth, by the news media, and increasingly by social media--drive the economy by driving our decisions about how and where to invest, how much to spend and save, and more. But despite the obvious importance of such stories, most economists have paid little attention to them. Narrative Economics sets out to change that by laying the foundation for a way of understanding how stories help propel economic events that have had led to war, mass unemployment, and increased inequality.The stories people tell--about economic confidence or panic, housing booms, the American dream, or Bitcoin--affect economic outcomes. Narrative Economics explains how we can begin to take these stories seriously. It may be Robert Shiller's most important book to date.

    This fascination has spawned a wealth of extraordinary fictional creations, from Puccini's Madame Butterfly to Arthur Golden's Memoirs of a Geisha. But as denizens of a world defined by silence and mystery, real geisha are notoriously difficult to meet and even to find. As a result, their history has long been cloaked in secrecy. Lesley Downer, an award-winning writer, Japanese scholar, and consummate storyteller, gained more access to this world than almost any other Westerner, and spent several months living in it. In Women of the Pleasure Quarters, she weaves together intimate portraits of modern geisha with the romantic legends and colorful historical tales that shape their fascinating past. Contrary to popular opinion, geisha are not prostitutes but, literally, "arts people." Accomplished singers, dancers, and musicians, they are, above all, masters of the art of conversation, soothing the worries and stroking the egos of wealthy businessmen who can afford their attentions. Looking into such traditions as mizuage, the ritual deflowering that was once a rite of passage for all geisha, and providing colorful descriptions of their dress, training, and homes, Downer transforms their reality into a captivating narrative, and reveals an enthralling world unlike any other.

    With the same eye for drama and humor that Corson brings to the exploits of the chefs, he delves into the biology and natural history of the creatures of the sea. He illuminates sushi's beginnings as an Indo-Chinese meal akin to cheese, describes its reinvention in bustling nineteenth-century Tokyo as a cheap fast food, and tells the story of the pioneers who brought it to America. He shows how this unlikely meal is now exploding into the American heartland just as the long-term future of sushi may be unraveling.The Zen of Fish is a compelling tale of human determination as well as a delectable smorgasbord of surprising food science, intrepid reporting, and provocative cultural history.

    As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now.In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts—economic, social and cultural—with the cool head of pragmatism, rather than the fervor of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession.Drawing on his own solutions as well as ideas from some of the world’s most distinguished social scientists, he shows us how to save capitalism from itself—and free ourselves from the intellectual baggage of the twentieth century.

    state of Delaware in the Brazilian Amazon. His intention was to grow rubber, but the project rapidly evolved into a more ambitious bid to export America itself, along with its golf courses, ice-cream shops, bandstands, indoor plumbing, and Model Ts rolling down broad streets.Fordlandia, as the settlement was called, quickly became the site of an epic clash. On one side was the car magnate, lean, austere, the man who reduced industrial production to its simplest motions; on the other, the Amazon, lush, extravagant, the most complex ecological system on the planet. Ford's early success in imposing time clocks and square dances on the jungle soon collapsed, as indigenous workers, rejecting his midwestern Puritanism, turned the place into a ribald tropical boomtown. Fordlandia's eventual demise as a rubber plantation foreshadowed the practices that today are laying waste to the rain forest. More than a parable of one man's arrogant attempt to force his will on the natural world, Fordlandia depicts a desperate quest to salvage the bygone America that the Ford factory system did much to dispatch. As Greg Grandin shows in this gripping and mordantly observed history, Ford's great delusion was not that the Amazon could be tamed but that the forces of capitalism, once released, might yet be contained.

    Today, as much of the world succumbs to authoritarianism and democracy is undermined from its heart, Germany stands as a bulwark for decency and stability.Mixing personal journey and anecdote with compelling empirical evidence, this is a searching and entertaining exploration of the country many in the West still love to hate. Raising important questions for our post-Brexit landscape, Kampfner asks why Germany has become a model for others to emulate, while Britain still languishes in wartime nostalgia and fails to tackle contemporary challenges. Part memoir, part history, part travelogue, Why the Germans Do It Better is a rich and witty portrait of an eternally fascinating country.

    It presents us with an Eastern tradition of strategic thought that emphasizes outwitting one’s opponent through speed, stealth, flexibility, and a minimum of force—an approach very different from that stressed in the West, where the advantages of brute strength have overshadowed more subtle methods.Safeguarded for centuries by the ruling elites of imperial China, even in modern times these writings have been known only to a handful of Western specialists. In this volume are seven separate essays, written between 500 b.c. and a.d. 700, that preserve the essential tenets of strategy distilled from the experience of the most brilliant warriors of ancient China.Only one of these seven essays, Sun Tzu’s famous Art of War, has been readily available in the West. Thanks to this faithful translation of the complete Seven Military Classics, the insights of these ancient Chinese texts are now accessible in their entirety.It’s not uncommon to see a “salaryman” on a crowded Tokyo subway studying one of the many popular Japanese editions of these essays. But why do so many businesspeople in Japan, Korea, and Taiwan study a 2,000-year-old military text? Because it embodies the strategic tradition of outwitting an opponent through speed, stealth, flexibility, and a minimum of effort. These principles have been proven both on the battlefield and in the marketplace. Now they are available in the West for the first time in their entirety.The lessons found in this book were exploited by such pivotal Asian war leaders as Japan’s Yamamoto, China’s Mao Tse-tung, and Vietnam’s Giap to inflict terrible defeats on their enemies. And in more recent times, when Japan and others have decided to win their laurels on the field of international economic competition, these principles have been a key to the achievements of many Asian corporations. Executives in Japan, Korea, and Taiwan regularly study the Seven Military Classics. Unfortunately, even those far-sighted Western business leaders who have read Sun Tzu have glimpsed only a fraction of the knowledge their best Asian competitors use to plan corporate strategy—until now.Those who appreciate Chinese literature and philosophy will also discover much that is new in these pages. Here is a substantial but previously inaccessible body of thought that stands in contrast to Confucianism, which deprecated the military sphere in favor of self-cultivation and the ethical life.The Seven Military Classics of Ancient China remedies a serious gap in Western knowledge of Asian thought. This accurate translation is based on the best available classical Chinese manuscripts, some only recently discovered by archaeologists. It is a uniquely important contribution to the world’s military literature and is essential reading for anyone interested in China’s rich cultural heritage or in the timeless principles of successful strategy.

    Lives were mangled. Fortunes were made. All for your pleasure. Follow writer and narrator Jon Ronson as he uncovers our web of desire.

    Maarten Troost has charmed legions of readers with his laugh-out-loud tales of wandering the remote islands of the South Pacific. When the travel bug hit again, he decided to go big-time, taking on the world’s most populous and intriguing nation. In Lost on Planet China, Troost escorts readers on a rollicking journey through the new beating heart of the modern world, from the megalopolises of Beijing and Shanghai to the Gobi Desert and the hinterlands of Tibet. Lost on Planet China finds Troost dodging deadly drivers in Shanghai; eating Yak in Tibet; deciphering restaurant menus (offering local favorites such as Cattle Penis with Garlic); visiting with Chairman Mao (still dead, very orange); and hiking (with 80,000 other people) up Tai Shan, China’s most revered mountain. But in addition to his trademark gonzo adventures, the book also delivers a telling look at a vast and complex country on the brink of transformation that will soon shape the way we all work, live, and think. As Troost shows, while we may be familiar with Yao Ming or dim sum or the cheap, plastic products that line the shelves of every store, the real China remains a world—indeed, a planet--unto itself. Maarten Troost brings China to life as you’ve never seen it before, and his insightful, rip-roaringly funny narrative proves that once again he is one of the most entertaining and insightful armchair travel companions around.

    In this revised edition of his essential book, Starr focuses his shrewd attention on them all. He furnishes additional material on China's relations with Taiwan and Tibet, the transfer of Hong Kong to Chinese rule, China's nuclear weapons program, and its environmental and human rights records.

    Out of the heart of China into the mountains of Central Asia, across northern Afghanistan and the plains of Iran and into Kurdish Turkey, Colin Thubron covers some seven thousand miles in eight months. Making his way by local bus, truck, car, donkey cart and camel, he travels from the tomb of the Yellow Emperor, the mythic progenitor of the Chinese people, to the ancient port of Antioch—in perhaps the most difficult and ambitious journey he has undertaken in forty years of travel.The Silk Road is a huge network of arteries splitting and converging across the breadth of Asia. To travel it is to trace the passage not only of trade and armies but also of ideas, religions and inventions. But alongside this rich and astonishing past, Shadow of the Silk Road is also about Asia today: a continent of upheaval.One of the trademarks of Colin Thubron's travel writing is the beauty of his prose; another is his gift for talking to people and getting them to talk to him. Shadow of the Silk Road encounters Islamic countries in many forms. It is about changes in China, transformed since the Cultural Revolution. It is about false nationalisms and the world's discontented margins, where the true boundaries are not political borders but the frontiers of tribe, ethnicity, language and religion. It is a magnificent and important account of an ancient world in modern ferment.

    The only rock we eat, salt has shaped civilization from the very beginning, and its story is a glittering, often surprising part of the history of humankind. A substance so valuable it served as currency, salt has influenced the establishment of trade routes and cities, provoked and financed wars, secured empires, and inspired revolutions.

    It sounds crazy, but it has become one of the most influential and hotly debated policy ideas of our time. Futurists, radicals, libertarians, socialists, union representatives, feminists, conservatives, Bernie supporters, development economists, child-care workers, welfare recipients, and politicians from India to Finland to Canada to Mexico--all are talking about UBI.In this sparkling and provocative book, economics writer Annie Lowrey looks at the global UBI movement. She travels to Kenya to see how a UBI is lifting the poorest people on earth out of destitution, India to see how inefficient government programs are failing the poor, South Korea to interrogate UBI's intellectual pedigree, and Silicon Valley to meet the tech titans financing UBI pilots in expectation of a world with advanced artificial intelligence and little need for human labor.Lowrey examines the potential of such a sweeping policy and the challenges the movement faces, among them contradictory aims, uncomfortable costs, and, most powerfully, the entrenched belief that no one should get something for nothing. She shows how this arcane policy offers not only a potential answer for our most intractable economic and social problems, but also a better foundation for our society in this age of turbulence and marvels.

    We see how they rebrand themselves as saviors of the poor; how they lavishly reward "thought leaders" who redefine "change" in winner-friendly ways; and how they constantly seek to do more good, but never less harm. We hear the limousine confessions of a celebrated foundation boss; witness an American president hem and haw about his plutocratic benefactors; and attend a cruise-ship conference where entrepreneurs celebrate their own self-interested magnanimity.Giridharadas asks hard questions: Why, for example, should our gravest problems be solved by the unelected upper crust instead of the public institutions it erodes by lobbying and dodging taxes? He also points toward an answer: Rather than rely on scraps from the winners, we must take on the grueling democratic work of building more robust, egalitarian institutions and truly changing the world. A call to action for elites and everyday citizens alike.

    The great heritage of western civilization - from the Greek and Roman classics to Jewish and Christian works - would have been utterly lost were it not for the holy men and women of unconquered Ireland. In this delightful and illuminating look into a crucial but little-known "hinge" of history, Thomas Cahill takes us to the "island of saints and scholars, " the Ireland of St. Patrick and the Book of Kells. Here, far from the barbarian despoliation of the continent, monks and scribes laboriously, lovingly, even playfully preserved the west's written treasures. With the return of stability in Europe, these Irish scholars were instrumental in spreading learning. Thus the Irish not only were conservators of civilization, but became shapers of the medieval mind, putting their unique stamp on western culture.