The Revolt of the Elites and the Betrayal of Democracy


Christopher Lasch - 1995
    In this spirited work, Lasch calls out for a return to community, schools that teach history not self-esteem, and a return to morality and even the teachings of religion. He does this in a nonpartisan manner, looking to the lessons of American history, and castigating those in power for the ever-widening gap between the economic classes, which has created a crisis in American society. The Revolt of the Elites and the Betrayal of Democracy is riveting social commentary.

The Great Transformation: The Political and Economic Origins of Our Time


Karl Polanyi - 1944
    His analysis explains not only the deficiencies of the self-regulating market, but the potentially dire social consequences of untempered market capitalism. New introductory material reveals the renewed importance of Polanyi's seminal analysis in an era of globalization and free trade.

When the Facts Change: Essays, 1995-2010


Tony Judt - 2015
    Some of Judt’s most prominent and indeed controversial essays felt outside of the scope of Reappraisals, most notably his writings on the state of Israel and its relationship to Palestine. There would be time, it was thought, to fit these essays into a larger frame. Sadly, this would not be the case, at least during the author’s own life. Now, in When the Facts Change, Tony Judt’s widow and fellow historian, Jennifer Homans, has found the frame, gathering together important essays from the span of Judt’s career that chronicle both the evolution of his thought and the remarkable consistency of his passionate engagement and intellectual élan. Whether the subject is the scholarly poverty of the new social history, the willful blindness of French collective memory about what happened to the country’s Jews during World War II, or the moral challenge to Israel of the so-called Palestinian problem, the majesty of Tony Judt’s work lies in his combination of unsparing honesty, intellectual brilliance, and ethical clarity. When the Facts Change exemplifies the utility, indeed the necessity, of minding our history and not letting cheerful fictions suffice in its place. An emphatic demonstration of the power of a great historian to connect us more deeply to the world as it was, as it is, and as it should be, it is a fitting capstone to an extraordinary body of work.

The Red Flag: A History of Communism


David Priestland - 2009
    At the height of their influence, Communists controlled more than a third of the earth's surface. But perhaps more astonishing than its rapid rise and extraordinary reach was Communism's sudden, devastating collapse in November of 1989. In The Red Flag, Oxford professor David Priestland tells the epic story of a movement that has taken root in dozens of countries across two hundred years, from its birth after the French Revolution to its ideological maturity in nineteenth-century Germany to its rise to dominance (and subsequent fall) in the twentieth century. Beginning with the first modern Communists in the age of Robespierre, Priestland examines the motives of thinkers and leaders including Marx, Engels, Lenin, Stalin, Castro, Che Guevara, Mao, Ho Chi Minh, Gorbachev, and many others. He also explores the experience of what it meant to live under Communism for its millions of subjects. At a time when global capitalism is in crisis and powerful new political forces have arisen to confront Western democracy, The Red Flag is essential reading if we are to apply the lessons of the past to navigating the future.

An Attack on an Enemy of Freedom


Marcus Tullius Cicero
    They have transformed the way we see ourselves - and each other. They have inspired debate, dissent, war and revolution. They have enlightened, outraged, provoked and comforted. They have enriched lives - and destroyed them. Now Penguin brings you the works of the great thinkers, pioneers, radicals and visionaries whose ideas shook civilization and helped make us who we are.Amongst the most famous and influential of all political polemics, Cicero's scathing speeches against the dictatorial ambitions of Mark Antony are the passionate last testament of the greatest statesman of his age; a final attempt to restore his beloved Republic that was to cost him his life.

Beyond Democracy: Why democracy does not lead to solidarity, prosperity and liberty but to social conflict, runaway spending and a tyrannical government


Frank Karsten - 2011
    Indeed, it is no exaggeration to say that democracy has become a secular religion. The largest political faith on earth. To criticize the democratic ideal is to risk being regarded an enemy of civilized society. Yet that is precisely what Karel Beckman and Frank Karsten propose to do. In this provocative and highly readable book, they tackle the last political taboo: the idea that our salvation lies in democracy. With simple, straightforward arguments they show that democracy, in contrast to popular belief, does not lead to freedom, civilization, prosperity, peace, and the rule of law, but the opposite: to loss of freedom, social conflict, runaway government spending, a lower standard of living and the subversion of individual rights. They debunk 13 great myths with which democracy is usually defended. What is more, they offer an appealing alternative: a society based on individual freedom and voluntary social relations. Do you wonder why government keeps growing bigger and the public debt keeps getting higher, while your freedom and prosperity look ever more threatened? After reading his book, you won't wonder anymore - you know why it is happening and what can be done about it. Beyond Democracy is a groundbreaking and fascinating book for everyone who wants to better understand current social problems and the economic crisis.

Lords of Finance: The Bankers Who Broke the World


Liaquat Ahamed - 2009
    In fact, as Liaquat Ahamed reveals, it was the decisions taken by a small number of central bankers that were the primary cause of the economic meltdown, the effects of which set the stage for World War II and reverberated for decades. In Lords of Finance, we meet the neurotic and enigmatic Montagu Norman of the Bank of England, the xenophobic and suspicious Émile Moreau of the Banque de France, the arrogant yet brilliant Hjalmar Schacht of the Reichsbank, and Benjamin Strong of the Federal Reserve Bank of New York, whose façade of energy and drive masked a deeply wounded and overburdened man. After the First World War, these central bankers attempted to reconstruct the world of international finance. Despite their differences, they were united by a common fear—that the greatest threat to capitalism was inflation— and by a common vision that the solution was to turn back the clock and return the world to the gold standard. For a brief period in the mid-1920s they appeared to have succeeded. The world’s currencies were stabilized and capital began flowing freely across the globe. But beneath the veneer of boom-town prosperity, cracks started to appear in the financial system. The gold standard that all had believed would provide an umbrella of stability proved to be a straitjacket, and the world economy began that terrible downward spiral known as the Great Depression. As yet another period of economic turmoil makes headlines today, the Great Depression and the year 1929 remain the benchmark for true financial mayhem. Offering a new understanding of the global nature of financial crises, Lords of Finance is a potent reminder of the enormous impact that the decisions of central bankers can have, of their fallibility, and of the terrible human consequences that can result when they are wrong.

The Passions and the Interests: Political Arguments for Capitalism Before Its Triumph


Albert O. Hirschman - 1977
    Hirschman here offers a new interpretation for the rise of capitalism, one that emphasizes the continuities between old and new, in contrast to the assumption of a sharp break that is a common feature of both Marxian and Weberian thinking. Among the insights presented here is the ironical finding that capitalism was originally supposed to accomplish exactly what was soon denounced as its worst feature: the repression of the passions in favor of the "harmless," if one-dimensional, interests of commercial life. To portray this lengthy ideological change as an endogenous process, Hirschman draws on the writings of a large number of thinkers, including Montesquieu, Sir James Steuart, and Adam Smith.

Big Business: A Love Letter to an American Anti-Hero


Tyler Cowen - 2019
    Walmart and Amazon destroy communities and small businesses. Facebook turns us into addicts while putting our personal data at risk. From skeptical politicians like Bernie Sanders who, at a 2016 presidential campaign rally said, "If a bank is too big to fail, it is too big to exist," to millennials, only 42 percent of whom support capitalism, belief in big business is at an all-time low. But are big companies inherently evil? If business is so bad, why does it remain so integral to the basic functioning of America? Economist and bestselling author Tyler Cowen says our biggest problem is that we don't love business enough.In Big Business, Cowen puts forth an impassioned defense of corporations and their essential role in a balanced, productive, and progressive society. He dismantles common misconceptions and untangles conflicting intuitions. According to a 2016 Gallup survey, only 12 percent of Americans trust big business "quite a lot," and only 6 percent trust it "a great deal." Yet Americans as a group are remarkably willing to trust businesses, whether in the form of buying a new phone on the day of its release or simply showing up to work in the expectation they will be paid. Cowen illuminates the crucial role businesses play in spurring innovation, rewarding talent and hard work, and creating the bounty on which we've all come to depend.

The Protestant Ethic and the Spirit of Capitalism


Max Weber - 1904
    In this brilliant study (his best-known and most controversial), he opposes the Marxist concept of dialectical materialism and its view that change takes place through "the struggle of opposites." Instead, he relates the rise of a capitalist economy to the Puritan determination to work out anxiety over salvation or damnation by performing good deeds — an effort that ultimately discouraged belief in predestination and encouraged capitalism. Weber's classic study has long been required reading in college and advanced high school social studies classrooms.

On Power: The Natural History of Its Growth


Bertrand De Jouvenel - 1945
    This development Jouvenel traces all the way back to the days of royal absolutism, which established large administrative bureaucracies and thus laid the foundation of the modern omnipotent state.On Power is an important work that Professor Angelo M. Petroni of the Luigi Einaudi Center for Research in Torino, Italy, has said is "simply a book that no serious scholar of political science or political philosophy can afford to ignore."Bertrand de Jouvenel was born in Paris in 1903; he traveled widely, becoming an astute observer of British and American institutions. Later in life, he was an author and teacher, first publishing On Power in 1945. Jouvenel died in 1987. Among his other books, besides The Ethics of Redistribution, are Sovereignty: An Inquiry into the Political Good (1957) and The Pure Theory of Politics (1963).

Radical Markets: Uprooting Capitalism and Democracy for a Just Society


Eric A. Posner - 2018
    The solution is to rein in the market, right? Radical Markets turns this thinking--and pretty much all conventional thinking about markets, both for and against--on its head. The book reveals bold new ways to organize markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawaken the dormant nineteenth-century spirit of liberal reform and lead to greater equality, prosperity, and cooperation.Eric Posner and Glen Weyl demonstrate why private property is inherently monopolistic, and how we would all be better off if private ownership were converted into a public auction for public benefit. They show how the principle of one person, one vote inhibits democracy, suggesting instead an ingenious way for voters to effectively influence the issues that matter most to them. They argue that every citizen of a host country should benefit from immigration--not just migrants and their capitalist employers. They propose leveraging antitrust laws to liberate markets from the grip of institutional investors and creating a data labor movement to force digital monopolies to compensate people for their electronic data.Only by radically expanding the scope of markets can we reduce inequality, restore robust economic growth, and resolve political conflicts. But to do that, we must replace our most sacred institutions with truly free and open competition--Radical Markets shows how.

The Problem of Political Authority: An Examination of the Right to Coerce and the Duty to Obey


Michael Huemer - 2012
    What entitles the state to behave in this manner? And why should citizens obey its commands? This book examines theories of political authority, from the social contract theory, to theories of democratic authorization, to fairness- and consequence-based theories. Ultimately, no theory of authority succeeds, and thus no government has the kind of authority often ascribed to governments.The author goes on to discuss how voluntary and competitive institutions could provide the central goods for the sake of which the state is often deemed necessary, including law, protection from private criminals, and national security. An orderly and livable society thus does not require acquiescence in the illusion of political authority.

The Reactionary Mind: Conservatism from Edmund Burke to Sarah Palin


Corey Robin - 2011
    Buckley made a confession to Corey Robin. Capitalism is "boring," said the founding father of the American right. "Devoting your life to it," as conservatives do, "is horrifying if only because it's so repetitious. It's like sex." With this unlikely conversation began Robin's decade-long foray into the conservative mind. What is conservatism, and what's truly at stake for its proponents? If capitalism bores them, what excites them?Tracing conservatism back to its roots in the reaction against the French Revolution, Robin argues that the right is fundamentally inspired by a hostility to emancipating the lower orders. Some conservatives endorse the free market, others oppose it. Some criticize the state, others celebrate it. Underlying these differences is the impulse to defend power and privilege against movements demanding freedom and equality.Despite their opposition to these movements, conservatives favor a dynamic conception of politics and society--one that involves self-transformation, violence, and war. They are also highly adaptive to new challenges and circumstances. This partiality to violence and capacity for reinvention has been critical to their success.Written by a keen, highly regarded observer of the contemporary political scene, The Reactionary Mind ranges widely, from Edmund Burke to Antonin Scalia, from John C. Calhoun to Ayn Rand. It advances the notion that all rightwing ideologies, from the eighteenth century through today, are historical improvisations on a theme: the felt experience of having power, seeing it threatened, and trying to win it back.

All That Is Solid Melts Into Air: The Experience of Modernity


Marshall Berman - 1982
    In this unparalleled book, Marshall Berman takes account of the social changes that swept millions of people into the capitalist world and the impact of modernism on art, literature and architecture. This new edition contains an updated preface addressing the critical role the onset of modernism played in popular democratic upheavals in the late 1920s.