The Economics of Discontent: From Failing Elites to The Rise of Populism


Jean-Michel Paul - 2019
    Houses, health care and higher education have become unaffordable to a majority of people, while the burden of unregulated monopolies, globalization and uncontrolled immigration has fallen disproportionately on the lower and middle classes. Wrapped in political correctness, an increasingly out of touch Western elite continues catering to special interests and fails to grasp the urgency for change. Populist movements harnessing public anger appear unable to propose and implement effective solutions. The last financial crisis was bad enough. But the next crisis will spread deeper and wider. And yet we stand economically, politically and most of all intellectually unprepared. This book is the story of how we have arrived at the brink of disaster and how we can move away from the win-lose policies of recent decades to restore much-needed balance.

The New Penguin History of The World


J.M. Roberts - 1976
    Completely updated and revised by preeminent historian J. M. Roberts, this volume features ninety up-to-date maps, new sections, and extremely well-written and accessible articles throughout. Truly global and comprehensive, it succeeds in conveying the staggering diversity of the human experience across a vast range of climates and conditions. This is the one book for anyone interested in the variety and grandeur of history’s march.

Global Catastrophes and Trends: The Next 50 Years


Vaclav Smil - 2008
    Global catastrophes include volcanic eruptions, viral pandemics, wars, and large-scale terrorist attacks; trends are demographic, environmental, economic, and political shifts that unfold over time. In this provocative book, scientist Vaclav Smil takes a wide-ranging, interdisciplinary look at the catastrophes and trends the next fifty years may bring. This is not a book of forecasts or scenarios but one that reminds us to pay attention to, and plan for, the consequences of apparently unpredictable events and the ultimate direction of long-term trends.Smil first looks at rare but cataclysmic events, both natural and human-produced, then at trends of global importance: the transition from fossil fuels to other energy sources; demographic and political shifts in Europe, Japan, Russia, China, the United States, and Islamic nations; the battle for global primacy; and growing economic and social inequality. He also considers environmental change—in some ways an amalgam of sudden discontinuities and gradual change—and assesses the often misunderstood complexities of global warming.Global Catastrophes and Trends does not come down on the side of either doom-and-gloom scenarios or techno-euphoria. Instead, relying on long-term historical perspectives and a distaste for the rigid compartmentalization of knowledge, Smil argues that understanding change will help us reverse negative trends and minimize the risk of catastrophe.

The World Turned Upside Down: Radical Ideas During the English Revolution


Christopher Hill - 1972
    Its success "might have established communal property, a far wider democracy in political and legal institutions, might have disestablished the state church and rejected the protestant ethic." In The World Turned Upside Down, Christopher Hill studies the beliefs of such radical groups as the Diggers, the Ranters, the Levellers and others, and the social and emotional impulses that gave rise to them. The relations between rich and poor classes, the part played by wandering 'masterless men,' the outbursts of sexual freedom and deliberate blasphemy, the great imaginative creations of Milton and Bunyan - these and many other elements build up into a marvellously detailed and coherent portrait of this strange, sudden effusion of revolutionary beliefs. It is a portrait not of the bourgeois revolution that actually took place, but of the impulse towards a far more fundamental overturning of society."Incorporates some of Dr. Hill's most profound statements yet about the 17th-century revolution as a whole." -- The Economist

The Competitive Advantage of Nations


Michael E. Porter - 1990
    Porter’s groundbreaking study of international competitiveness has shaped national policy in countries around the world. It has also transformed thinking and action in states, cities, companies, and even entire regions such as Central America.Based on research in ten leading trading nations, The Competitive Advantage of Nations offers the first theory of competitiveness based on the causes of the productivity with which companies compete. Porter shows how traditional comparative advantages such as natural resources and pools of labor have been superseded as sources of prosperity, and how broad macroeconomic accounts of competitiveness are insufficient. The book introduces Porter’s “diamond,” a whole new way to understand the competitive position of a nation (or other locations) in global competition that is now an integral part of international business thinking. Porter's concept of “clusters,” or groups of interconnected firms, suppliers, related industries, and institutions that arise in particular locations, has become a new way for companies and governments to think about economies, assess the competitive advantage of locations, and set public policy. Even before publication of the book, Porter’s theory had guided national reassessments in New Zealand and elsewhere. His ideas and personal involvement have shaped strategy in countries as diverse as the Netherlands, Portugal, Taiwan, Costa Rica, and India, and regions such as Massachusetts, California, and the Basque country. Hundreds of cluster initiatives have flourished throughout the world. In an era of intensifying global competition, this pathbreaking book on the new wealth of nations has become the standard by which all future work must be measured.

Before the Industrial Revolution: European Society and Economy, 1000-1700


Carlo M. Cipolla - 1974
    An economic historian of international reputation, Carlo M. Cipolla explores the process that made this transformation possible. In so doing, he sheds light not only on the economic factors but on the culture surrounding them.

Guns, Germs, and Steel: The Fates of Human Societies


Jared Diamond - 1997
    one of the most important and readable works on the human past published in recent years."Winner of the Pulitzer Prize and a national bestseller: the global account of the rise of civilization that is also a stunning refutation of ideas of human development based on race.In this "artful, informative, and delightful" (William H. McNeill, New York Review of Books) book, Jared Diamond convincingly argues that geographical and environmental factors shaped the modern world. Societies that had a head start in food production advanced beyond the hunter-gatherer stage, and then developed writing, technology, government, and organized religion—as well as nasty germs and potent weapons of war—and adventured on sea and land to conquer and decimate preliterate cultures. A major advance in our understanding of human societies, Guns, Germs, and Steel chronicles the way that the modern world came to be and stunningly dismantles racially based theories of human history.Winner of the Pulitzer Prize, the Phi Beta Kappa Award in Science, the Rhone-Poulenc Prize, and the Commonwealth Club of California's Gold Medal

Winners Take All: The Elite Charade of Changing the World


Anand Giridharadas - 2018
    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 Holy Grail of Macroeconomics: Lessons from Japan's Great Recession


Richard C. Koo - 2008
    The discoveries made, however, are so far-reaching that a large portion of economics literature will have to be modified to accommodate another half to the macro economic spectrum of possibilities that conventional theorists have overlooked. In particular, Japan's Great Recession showed that when faced with a massive fall in asset prices, companies typically jettison the conventional goal of profit maximization and move to minimize debt in order to restore their credit ratings. This shift in corporate priority, however, has huge theoretical as well as practical implications and opens up a whole new field of study. For example, the new insight can explain fully the precise mechanism of prolonged depression and liquidity trap which conventional economics - based on corporate profit maximization - has so far failed to offer as a convincing explanation. The author developed the idea of yin and yang business cycles where the conventional world of profit maximization is the yang and the world of balance sheet recession, where companies are minimizing debt, is the yin. Once so divided, many varied theories developed in macro economics since the 1930s can be nicely categorized into a single comprehensive theory, i.e., the Holy Grail of macro economics The policy implication of this new discovery is immense in that the conventional aversion to fiscal policy in favor of monetary policy will have to be completely reversed when the economy is in the yin phase. The theoretical implications are also immense in the sense that the economics profession will no longer have to rely so much on various rigidities to explain recessions that have become the standard practice within the so-called New Keynesian economics of the last twenty years.

Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace


Matthew C. Klein - 2020
    Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees.   Klein and Pettis trace the origins of today’s trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace—and what we can do about it.

How Soccer Explains the World: An Unlikely Theory of Globalization


Franklin Foer - 2004
    It is a perfect window into the cross-currents of today's world, with all its joys and its sorrows. In this remarkably insightful, wide-ranging work of reportage, Franklin Foer takes us on a surprising tour through the world of soccer, shining a spotlight on the clash of civilizations, the international economy, and just about everything in between. How Soccer Explains the World is an utterly original book that makes sense of our troubled times.

A Little History of Economics


Niall Kishtainy - 2017
    This clear, accessible, and even humorous book is ideal for young readers new to economics and for all readers who seek a better understanding of the full sweep of economic history and ideas. Economic historian Niall Kishtainy organizes short, chronological chapters that center on big ideas and events. He recounts the contributions of key thinkers including Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, and others, while examining topics ranging from the invention of money and the rise of agrarianism to the Great Depression, entrepreneurship, environmental destruction, inequality, and behavioral economics. The result is a uniquely enjoyable volume that succeeds in illuminating the economic ideas and forces that shape our world.

Socialism Sucks: Two Economists Drink Their Way Through the Unfree World


Robert A. Lawson - 2019
    Because today millions of Americans—young and old—are flocking to the socialist banner and chanting, “What do we want? Socialism—the economic system that has impoverished people everywhere and resulted in the deaths of tens of millions! And when do we want it? Now!” Really? Most people seem somehow to have missed Economics 101 and don’t understand that socialism isn’t nice, cuddly government that takes care of everything for you so that you can remain an adolescent forever. No, we’ve seen it tried over and over again with catastrophic consequences. Luckily, two semi-sober economists have toured the socialist world so you don’t have to. And they’ve come back with this stunning report: Socialism Sucks! Along the way, you’ll learn: • Why the so-called Swedish model might be attractive, but sure isn’t socialism (Sweden is capitalism with a big welfare state) • How socialist Venezuela went from being the toast of liberals everywhere—Viva Venezuela!—to being just toast • Why you never see new cars in Cuba • Why no one forgets to turn out the lights in North Korea (hint: there aren’t any) • Why American socialists have no idea what socialism really is How hard it is to find good beer—or sometimes any beer at all—in socialist countries Irreverent but honest economists Robert Lawson and Benjamin Powell have all the data—and even more important, the firsthand global experience—to affirm that socialism fails to deliver on any of the utopian promises it makes and instead is very bad for your economic (and other) health. This is a book that every American who values freedom and sound economics (and good beer) needs to read.

The Grand Chessboard: American Primacy and its Geostrategic Imperatives


Zbigniew Brzeziński - 1997
    Yet the critical question facing America remains unanswered: What should be the nation's global strategy for maintaining its exceptional position in the world? Zbigniew Brzezinski tackles this question head-on in this incisive and pathbreaking book.The Grand Chessboard presents Brzezinski's bold and provocative geostrategic vision for American preeminence in the twenty-first century. Central to his analysis is the exercise of power on the Eurasian landmass, which is home to the greatest part of the globe's population, natural resources, and economic activity. Stretching from Portugal to the Bering Strait, from Lapland to Malaysia, Eurasia is the ”grand chessboard” on which America's supremacy will be ratified and challenged in the years to come. The task facing the United States, he argues, is to manage the conflicts and relationships in Europe, Asia, and the Middle East so that no rival superpower arises to threaten our interests or our well-being.The heart of The Grand Chessboard is Brzezinski's analysis of the four critical regions of Eurasia and of the stakes for America in each arena—Europe, Russia, Central Asia, and East Asia. The crucial fault lines may seem familiar, but the implosion of the Soviet Union has created new rivalries and new relationships, and Brzezinski maps out the strategic ramifications of the new geopolitical realities. He explains, for example: Why France and Germany will play pivotal geostrategic roles, whereas Britain and Japan will not. Why NATO expansion offers Russia the chance to undo the mistakes of the past, and why Russia cannot afford to toss this opportunity aside. Why the fate of Ukraine and Azerbaijan are so important to America. Why viewing China as a menace is likely to become a self-fulfilling prophecy. Why America is not only the first truly global superpower but also the last—and what the implications are for America's legacy. Brzezinski's surprising and original conclusions often turn conventional wisdom on its head as he lays the groundwork for a new and compelling vision of America's vital interests. Once, again, Zbigniew Brzezinski provides our nation with a philosophical and practical guide for maintaining and managing our hard-won global power.

The Lucifer Principle: A Scientific Expedition into the Forces of History


Howard Bloom - 1995
    The Lucifer Priciple is a revolutionary work that explores the intricate relationships among genetics, human behavior, and culture to put forth the thesis that “evil” is a by-product of nature’s strategies for creation and that it is woven into our most basic biological fabric.