Book picks similar to
Capitalism vs. Socialism: Comparing Economic Systems by Edward F. Stuart
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The Economic Consequences of the Peace
John Maynard Keynes - 1919
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Misbehaving: The Making of Behavioral Economics
Richard H. Thaler - 2016
Thaler has spent his career studying the radical notion that the central agents in the economy are humans—predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth—and change the way we think about economics, ourselves, and our world.Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has serious consequences. Dismissed at first by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments.Coupling recent discoveries in human psychology with a practical understanding of incentives and market behavior, Thaler enlightens readers about how to make smarter decisions in an increasingly mystifying world. He reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building, to TV game shows, the NFL draft, and businesses like Uber.Laced with antic stories of Thaler’s spirited battles with the bastions of traditional economic thinking, Misbehaving is a singular look into profound human foibles. When economics meets psychology, the implications for individuals, managers, and policy makers are both profound and entertaining.
The Wizard of Lies: Bernie Madoff and the Death of Trust
Diana B. Henriques - 2011
Many have speculated about what might have happened or what must have happened, but no reporter has been able to get the full story -- until now.In The Wizard of Lies, Diana B. Henriques of The New York Times -- who has led the paper’s coverage of the Madoff scandal since the day the story broke -- has written the definitive book on the man and his scheme, drawing on unprecedented access and more than one hundred interviews with people at all levels and on all sides of the crime, including Madoff’s first interviews for publication since his arrest. Henriques also provides vivid details from the various lawsuits, government investigations, and court filings that will explode the myths that have come to surround the story.A true-life financial thriller, The Wizard of Lies contrasts Madoff's remarkable rise on Wall Street, where he became one of the country’s most trusted and respected traders, with dramatic scenes from his accelerating slide toward self-destruction. It is also the most complete account of the heartbreaking personal disasters and landmark legal battles triggered by Madoff’s downfall -- the suicides, business failures, fractured families, shuttered charities -- and the clear lessons this timeless scandal offers to Washington, Wall Street, and Main Street.
This Time Is Different: Eight Centuries of Financial Folly
Carmen M. Reinhart - 2009
Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. With this breakthrough study, leading economists Carmen Reinhart and Kenneth Rogoff definitively prove them wrong. Covering sixty-six countries across five continents, This Time Is Different presents a comprehensive look at the varieties of financial crises, and guides us through eight astonishing centuries of government defaults, banking panics, and inflationary spikes--from medieval currency debasements to today's subprime catastrophe. Carmen Reinhart and Kenneth Rogoff, leading economists whose work has been influential in the policy debate concerning the current financial crisis, provocatively argue that financial combustions are universal rites of passage for emerging and established market nations. The authors draw important lessons from history to show us how much--or how little--we have learned. Using clear, sharp analysis and comprehensive data, Reinhart and Rogoff document that financial fallouts occur in clusters and strike with surprisingly consistent frequency, duration, and ferocity. They examine the patterns of currency crashes, high and hyperinflation, and government defaults on international and domestic debts--as well as the cycles in housing and equity prices, capital flows, unemployment, and government revenues around these crises. While countries do weather their financial storms, Reinhart and Rogoff prove that short memories make it all too easy for crises to recur. An important book that will affect policy discussions for a long time to come, This Time Is Different exposes centuries of financial missteps.
The Fall and Rise of China
Richard Baum - 2010
Offering multilevel insight into one of the most astounding real-life dramas of modern history, The Fall and Rise of China weaves together the richly diverse developments and sociopolitical currents that created the China we now see in the headlines.As we enter what some are already calling the "Chinese century," the role of China is deeply fundamental to our reading of the direction of world civilization and history. In 48 penetrating lectures, The Fall and Rise of China takes you to the heart of the events behind China's new global presence, leaving you with a clear view of both the story itself and its critical implications for our world.Course Lecture Titles48 Lectures, 30 minutes per lecture 1. The Splendor That Was China, 600–1700 2. Malthus and Manchu Hubris, 1730–1800 3. Barbarians at the Gate, 1800–1860 4. Rural Misery and Rebellion, 1842–1860 5. The Self-Strengthening Movement, 1860–1890 6. Hundred Days of Reform and the Boxer Uprising 7. The End of Empire, 1900–1911 8. The Failed Republic, 1912–1919 9. The Birth of Chinese Communism, 1917–1925 10. Chiang, Mao, and Civil War, 1926–1934 11. The Republican Experiment, 1927–1937 12. "Resist Japan!" 1937–1945 13. Chiang's Last Stand, 1945–1949 14. "The Chinese People Have Stood Up!" 15. Korea, Taiwan, and the Cold War, 1950–1954 16. Socialist Transformation, 1953–1957 17. Cracks in the Monolith, 1957–1958 18. The Great Leap Forward, 1958–1960 19. Demise of the Great Leap Forward, 1959–1962 20. "Never Forget Class Struggle!" 1962–1965 21. "Long Live Chairman Mao!" 1964–1965 22. Mao's Last Revolution Begins, 1965–1966 23. The Children's Crusade, 1966–1967 24. The Storm Subsides, 1968–1969 25. The Sino-Soviet War of Nerves, 1964–1969 26. Nixon, Kissinger, and China, 1969–1972 27. Mao's Deterioration and Death, 1971–1976 28. The Legacy of Mao Zedong—An Appraisal 29. The Post-Mao Interregnum, 1976–1977 30. Hua Guofeng and the Four Modernizations 31. Deng Takes Command, 1978–1979 32. The Historic Third Plenum, 1978 33. The "Normalization" of U.S.-China Relations 34. Deng Consolidates His Power, 1979–1980 35. Socialist Democracy and the Rule of Law 36. Burying Mao, 1981–1983 37. "To Get Rich Is Glorious," 1982–1986 38. The Fault Lines of Reform, 1984–1987 39. The Road to Tiananmen, 1987–1989 40. The Empire Strikes Back, 1989 41. After the Deluge, 1989–1992 42. The "Roaring Nineties," 1992–1999 43. The Rise of Chinese Nationalism, 1993–2001 44. China's Lost Territories—Taiwan, Hong Kong 45. China in the New Millennium, 2000–2008 46. China's Information Revolution 47. "One World, One Dream"—The 2008 Olympics 48. China's Rise—The Sleeping Giant Stirs
Four Futures: Life After Capitalism
Peter Frase - 2015
In Four Futures, Frase imagines how this post-capitalist world might look, deploying the tools of both social science and speculative fiction to explore what communism, rentism, socialism and exterminism might actually entail.Could the current rise of real-life robocops usher in a world that resembles Ender’s Game? And sure, communism will bring an end to material scarcities and inequalities of wealth—but there’s no guarantee that social hierarchies, governed by an economy of “likes,” wouldn’t rise to take their place. A whirlwind tour through science fiction, social theory and the new technologies already shaping our lives, Four Futures is a balance sheet of the socialisms we may reach if a resurgent Left is successful, and the barbarisms we may be consigned to if those movements fail.
Pity the Billionaire: The Hard-Times Swindle and the Unlikely Comeback of the Right
Thomas Frank - 2012
But when Thomas Frank set out in 2009 to look for expressions of American discontent, all he found were loud demands that the economic system be made even harsher on the recession's victims and that society's traditional winners receive even grander prizes. The American Right, which had seemed moribund after the election of 2008, had been reinvigorated by the arrival of hard times. The Tea Party movement demanded not that we question the failed system but that we reaffirm our commitment to it as Republicans in Congress took the opportunity to dismantle what they could of the remaining liberal state and Glenn Beck demonstrated the commercial potential of fueling the national angst, while each promoted the libertarian/Randian economics which arch Randian, Alan Greenspan, had already admitted produced exactly the opposite results than those expected.In Pity the Billionaire, Frank, the chronicler of American paradox, examines the peculiar mechanism by which dire economic circumstances have delivered the current set of seemingly unexpected political results. Using firsthand reporting, a deep knowledge of the American Right, and a wicked sense of humor, he gives us a diagnosis of the cultural malady that has transformed collapse into profit, reconceived the Founding Fathers as heroes from an Ayn Rand novel, and enlisted the powerless in a fan club for the prosperous.
The Catholic Church: A History
William R. Cook - 2009
It began as a small band of supporters following the teachings of an itinerant preacher in an outpost of the Roman Empire. From there, the church expanded both its size and its importance in the grand scheme of Western history.Today, the church is the oldest continuously active organization on Earth and one of the most influential institutions in the world—a force capable of moving armies, inspiring saints, and shaping the lives of a billion members.But how did this powerful institution develop out of the early church community—a loosely associated group of disciples who were inspired by the life and teachings of Jesus? Why do today's Catholics worship the way they do? How has this institution influenced world history far beyond the walls of its churches and monasteries?In The Catholic Church: A History, you'll explore these and other questions as you follow the development of this important institution in 36 informative, fascinating lectures. With noted historian and Professor William R. Cook as your guide, you'll step into the world of the early church, hear tales of the martyrdom of the first Christian saints, witness the spread of Christendom across Europe, and learn about the origins of fundamental church institutions.
Our Revolution: A Future to Believe In
Bernie Sanders - 2016
In the book, Sanders shares experiences from the campaign trail and outlines his ideas for continuing a political revolution to fight for a progressive economic, environmental, racial and social justice agenda that creates jobs, raises wages, protects the environment and provides health care for all.
English in America: A Linguistic History
Natalie Schilling - 2016
Defining American English Dialects2. The Foundations of American English3. From English in America to American English4. The Rise of American Language Standards5. Where Is General American English?6. Mapping American Dialects7. Ethnicity and American English8. African American English9. Mobility, Media, and Contemporary English10. The History of American Language Policy11. Latino Language and Dialects in America12. Where Is American English Headed?
House of Cards: A Tale of Hubris and Wretched Excess on Wall Street
William D. Cohan - 2009
Bear Stearns was about to announce profits of $115 million for the first quarter of 2008, had $17.3 billion in cash on hand, and, as the company incessantly boasted, had been a colossally profitable enterprise in the eighty-five years since its founding.Ten days later, Bear Stearns no longer existed, and the calamitous financial meltdown of 2008 had begun.How this happened – and why – is the subject of William D. Cohan’s superb and shocking narrative that chronicles the fall of Bear Stearns and the end of the Second Gilded Age on Wall Street. Bear Stearns serves as the Rosetta Stone to explain how a combination of risky bets, corporate political infighting, lax government regulations and truly bad decision-making wrought havoc on the world financial system.Cohan’s minute-by-minute account of those ten days in March makes for breathless reading, as the bankers at Bear Stearns struggled to contain the cascading series of events that would doom the firm, and as Treasury Secretary Henry Paulson, New York Federal Reserve Bank President Tim Geithner, and Fed Chairman Ben Bernanke began to realize the dire consequences for the world economy should the company go bankrupt. But HOUSE OF CARDS does more than recount the incredible panic of the first stages of the financial meltdown. William D. Cohan beautifully demonstrates why the seemingly invincible Wall Street money machine came crashing down. He chronicles the swashbuckling corporate culture of Bear Stearns, the strangely crucial role competitive bridge played in the company’s fortunes, the brutal internecine battles for power, and the deadly combination of greed and inattention that helps to explain why the company’s leaders ignored the danger lurking in Bear’s huge positions in mortgage-backed securities.The author deftly portrays larger-than-life personalities like Ace Greenberg, Bear Stearns’ miserly, take-no-prisoners chairman whose memos about re-using paper clips were legendary throughout Wall Street; his profane, colorful rival and eventual heir Jimmy Cayne, whose world-champion-level bridge skills were a lever in his corporate rise and became a symbol of the reasons for the firm’s demise; and Jamie Dimon, the blunt-talking CEO of JPMorgan Chase, who won the astonishing endgame of the saga (the Bear Stearns headquarters alone were worth more than JP Morgan paid for the whole company). Cohan’s explanation of seemingly arcane subjects like credit default swaps and fixed- income securities is masterful and crystal clear, but it is the high-end dish and powerful narrative drive that makes HOUSE OF CARDS an irresistible read on a par with classics such as LIAR’S POKER and BARBARIANS AT THE GATE.Written with the novelistic verve and insider knowledge that made THE LAST TYCOONS a bestseller and a prize-winner, HOUSE OF CARDS is a chilling cautionary tale about greed, arrogance, and stupidity in the financial world, and the consequences for all of us.
The New Confessions of an Economic Hit Man
John Perkins - 2016
Former economic hit man John Perkins shares new details about the ways he and others cheated countries around the globe out of trillions of dollars. Then he reveals how the deadly EHM cancer he helped create has spread far more widely and deeply than ever in the US and everywhere else--to become the dominant system of business, government, and society today. Finally, he gives an insider view of what we each can do to change it.Economic hit men are the shock troops of what Perkins calls the corporatocracy, a vast network of corporations, banks, colluding governments, and the rich and powerful people tied to them. If the EHMs can't maintain the corrupt status quo through nonviolent coercion, the jackal assassins swoop in. The heart of this book is a completely new section, over 100 pages long, that exposes the fact that all the EHM and jackal tools--false economics, false promises, threats, bribes, extortion, debt, deception, coups, assassinations, unbridled military power--are used around the world today exponentially more than during the era Perkins exposed over a decade ago.As dark as the story gets, this reformed EHM also provides hope. Perkins offers specific actions each of us can take to transform what he calls a failing Death Economy into a Life Economy that provides sustainable abundance for all.
Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America
Charles Ferguson - 2012
Ferguson, who electrified the world with his Oscar-winning documentary
Inside Job
, now explains how a predator elite took over the country, step by step, and he exposes the networks of academic, financial, and political influence, in all recent administrations, that prepared the predators’ path to conquest. Over the last several decades, the United States has undergone one of the most radical social and economic transformations in its history. · Finance has become America’s dominant industry, while manufacturing, even for high technology industries, has nearly disappeared. · The financial sector has become increasingly criminalized, with the widespread fraud that caused the housing bubble going completely unpunished. · Federal tax collections as a share of GDP are at their lowest level in sixty years, with the wealthy and highly profitable corporations enjoying the greatest tax reductions. · Most shockingly, the United States, so long the beacon of opportunity for the ambitious poor, has become one of the world’s most unequal and unfair societies. If you’re smart and a hard worker, but your parents aren’t rich, you’re now better off being born in Munich, Germany or in Singapore than in Cleveland, Ohio or New York. This radical shift did not happen by accident. Ferguson shows how, since the Reagan administration in the 1980s, both major political parties have become captives of the moneyed elite. It was the Clinton administration that dismantled the regulatory controls that protected the average citizen from avaricious financiers. It was the Bush team that destroyed the federal revenue base with its grotesquely skewed tax cuts for the rich. And it is the Obama White House that has allowed financial criminals to continue to operate unchecked, even after supposed “reforms” installed after the collapse of 2008.
Predator Nation
reveals how once-revered figures like Alan Greenspan and Larry Summers became mere courtiers to the elite. Based on many newly released court filings, it details the extent of the crimes—there is no other word—committed in the frenzied chase for wealth that caused the financial crisis. And, finally, it lays out a plan of action for how we might take back our country and the American dream.
The Myth of Capitalism: Monopolies and the Death of Competition
Jonathan Tepper - 2018
Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their pay check to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. The Myth of Capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.
Customs of the World: Using Cultural Intelligence to Adapt, Wherever You Are
David Livermore - 2013
Based on groundbreaking research, these twenty-four lectures address dynamics and customs related to working, socializing, dining, marriage and family--all the areas necessary to help you function with a greater level of respect and effectiveness wherever you go. You'll also encounter practical tips and crucial context for greeting, interacting with, and even managing people from other parts of the world.In the first half, you'll analyze ten cultural value dimensions researchers have identified as helpful for comparing cultures, and you'll see how these "archetypes" play out in day-to-day lives. In the second half, you'll examine ten cultural clusters around the world that, when combined with your understanding of the ten cultural dimensions, provide strategic insight into how to be more effective as you live, work, and travel in the globalized world.