It has the apparatus of a great scholarly work but the drama of a classic novel. Ludwig von Mises’s colleagues in Europe called him the “last knight of liberalism” because he was the champion of an ideal of liberty they consider dead and gone in an age of central planning and socialism of all varieties. During his lifetime, they were largely correct. And thus the subtitle of this book. But he was not deterred in any respect: not in his scientific work, not in his writing or publishing, and not in his relentless fight against every form of statism. Born in 1881, he taught in Europe and the Americas during his century, and died in 1973 before the dawn of a new epoch that would validate his life and ideals in the minds of millions of people around the world. The last knight of liberalism triumphed.

    Len Deighton brings to bear all the skills of a best-selling novelist in this compelling study.In Blitzkrieg, Len Deighton turns a searchlight on the rise of Hitler, the lightning dash of his armies to the Channel coast in 1940 and on the debacle of Dunkirk, where — in a mistake that was to trigger his eventual downfall — a quarter of a million British troops were allowed to escape.

    Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed.Michael Pettis debunks the lingering bullish expectations for China's economic rise and details Beijing's options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.

    This paperback edition has been fully revised and updated to include Vince Cable’s latest assessment of the recession.

    In this compact book, David Herlihy makes bold yet subtle and subversive inquiries that challenge historical thinking about this disastrous period. As in a finely tuned detective story, he upturns intriguing bits of epidemiological evidence. And, looking beyond the view of the Black Death as unmitigated catastrophe, Herlihy sees in it the birth of technological advance as societies struggled to create labor-saving devices in the wake of population losses. New evidence for the plague's role in the establishment of universities, the spread of Christianity, the dissemination of vernacular cultures, and even the rise of nationalism demonstrates that this cataclysmic event marked a true turning point in history.

    Power and Plenty fills this gap, providing the first full account of world trade and development over the course of the last millennium.Ronald Findlay and Kevin O'Rourke examine the successive waves of globalization and deglobalization that have occurred during the past thousand years, looking closely at the technological and political causes behind these long-term trends. They show how the expansion and contraction of the world economy has been directly tied to the two-way interplay of trade and geopolitics, and how war and peace have been critical determinants of international trade over the very long run. The story they tell is sweeping in scope, one that links the emergence of the Western economies with economic and political developments throughout Eurasia centuries ago. Drawing extensively upon empirical evidence and informing their systematic analysis with insights from contemporary economic theory, Findlay and O'Rourke demonstrate the close interrelationships of trade and warfare, the mutual interdependence of the world's different regions, and the crucial role these factors have played in explaining modern economic growth. Power and Plenty is a must-read for anyone seeking to understand the origins of today's international economy, the forces that continue to shape it, and the economic and political challenges confronting policymakers in the twenty-first century.

    The old pathologies of anti-Semitism, populist nationalism, and territorial aggression are threatening to tear the European postwar consensus apart. In riveting dispatches from this unfolding tragedy, James Kirchick shows us the shallow disingenuousness of the leaders who pushed for “Brexit;” examines how a vast migrant wave is exacerbating tensions between Europeans and their Muslim minorities; explores the rising anti-Semitism that causes Jewish schools and synagogues in France and Germany to resemble armed bunkers; and describes how Russian imperial ambitions are destabilizing nations from Estonia to Ukraine. With President Trump now threatening to abandon America's traditional role as upholder of the liberal world order and guarantor of the continent's security, Europe may be alone in dealing with these unprecedented challenges.   Based on extensive firsthand reporting, this book is a provocative, disturbing look at a continent in unexpected crisis.

    Sebestyen’s narrative moves from the tumultuous streets of Budapest to the inner sanctums of the Kremlin and the White House, where we hear the conversations of the men and women who planned and took part in the uprising and of those who helped crush it–some actively, others through craven inaction.Sebestyen shows how Western anti-Communist rhetoric encouraged the rebels and convinced them they would receive help. We witness the thrilling first days when, armed with a few rifles, petrol bombs, and desperate courage, the people of Budapest rose up against their Soviet masters and nearly succeeded in routing the Russian forces. For a few exciting days, as the Western world watched in amazement, it looked as though the Hungarians would win and humble the Soviet Union. Russian troops withdrew. But not for long.The Soviets showed they would resort to brutal lengths to cling to their Communist empire–and the West was prepared to let them. The free world looked on in sympathy and horror, did nothing, and, finally, the Hungarians suffered a devastating defeat, and remained under Soviet occupation for three more decades. Fast-paced, vivid, and authoritative, Twelve Days adds immeasurably to our understanding of one of the most important battles of the Cold War and reminds us–through the extraordinary courage and sacrifice of the Hungarian people in their doomed fight–of the unquenchable human desire for freedom.

    But the heroic images of Boris Yeltsin atop a tank in front of Moscow's White House soon turned to grim new realities: a currency in freefall and a war in Chechnya; on the street, flashy new money and a vicious Russian mafia contrasted with doctors and teachers not receiving salaries for months at a time. If this was what capitalism brought, many Russians wondered if they weren't better off under the communists.This new society did not just appear ready-made: it was created by a handful of powerful men who came to be known as the oligarchs and the young reformers. The oligarchs were fast-talking businessmen who laid claim to Russia's vast natural resources. The young reformers were an elite group of egghead economists who got to put their wild theories into action, with results that were sometimes inspiring, sometimes devastating. With unparalleled access and acute insight, Chrystia Freeland takes us behind the scenes and shows us how these two groups misused a historic opportunity to build a new Russia. Their achievements were considerable, but their mistakes will deform Russian society for generations to come.Along with a gripping account of the incredible events in Russia's corridors of power, Freeland gives us a vivid sense of the buzz and hustle of the new Russia, and inside stories of the businesses that have beaten the odds and become successful and profitable. She also exposes the conflicts and compromises that developed when red directors of old Soviet firms and factories yielded to -- or fought -- the radically new ways of doing business. She delves into the loophole economy, where anyone who knows how to manipulate the new rules can make a fast buck. Sale of the Century is a fascinating fly-on-the-wall economic thriller -- an astonishing and essential account of who really controls Russia's new frontier.

    TO THE FINLAND STATION is a work of history on a grand scale, at once sweeping, detailed, closely reasoned & passionately argued, that succeeds in painting an unforgettable picture--alive with conspirators, philosophers, utopians & nihilists--of the making of the modern world. 'The 1st thing that strikes us about To the Finland Station is the vastness of its scope...It is easily, equally at home in the philosopher's study, in the prisoner's cell, on the steppes, in the streets, melancholy in great country houses, choking in fetid industrial slums...It can remind us that our history is alive & open & rich with excitement & promise'--NY Times Book Review

    Observers declared the end of history, confident in a peaceful, globalized future. But we now know this to be premature. Authoritarianism first returned in Russia, as Putin developed a political system dedicated solely to the consolidation and exercise of power. In the last six years, it has creeped from east to west as nationalism inflames Europe, abetted by Russian propaganda and cyberwarfare. While countries like Poland and Hungary have made hard turns towards authoritarianism, the electoral upsets of 2016 revealed the citizens of the US and UK in revolt against their countries' longstanding policies and values.But this threat to the West also presents an opportunity to better understand the pillars of our own political order. In this forceful and unsparing work of contemporary history, Snyder goes beyond the headlines to expose the true nature of the threat to democracy. By showcasing the stark choices before us--between equality or oligarchy, individuality or totality, truth and falsehood--Snyder restores our understanding of the basis of our way of life, offering a way forward in a time of terrible uncertainty.

    The participants in the controversy which raged during June–July this year forgot that as many four previous governors of the RBI have had their terms cut short. The recent debate has to be seen in this context. This volume focuses on all the governors of the RBI since 1935 and describes how almost all of them had problems with the government. It is inherent in the tasks they are charged with. It also shows how, after 1957, when Jawaharlal Nehru accepted the resignation of Benegal Rama Rau after the latter’s quarrel with the finance minister, T. T. Krishnamachari, the RBI virtually became a department of the finance ministry. Its claims to independence have been revived only after 2002, when financial sector reform changed the structure of a large part of the financial economy. The book ends with advice to future governors about what they should remember: they are the servants of the sovereign, not independent Wu-li masters. They have to manage the government, not fight it. Theirs, as a former governor sensibly pointed out, is a circumscribed independence, the perimeters of which are defined by the government.

    We have seen it at various times in Japan, France and Italy and now it is infecting much of Europe and America, as the vote for Brexit in the UK has vividly shown. This insularity, together with increased inequality of income and wealth, threatens the future role of the West as a font of stability, prosperity and security. Part of the problem is that the principles of liberal democracy upon which the success of the West has been built have been suborned, with special interest groups such as bankers accruing too much power and too great a share of the economic cake.So how is this threat to be countered? States such as Sweden in the 1990s, California at different times or Britain under Thatcher all halted stagnation by clearing away the powers of interest groups and restoring their societies' ability to evolve. To survive, the West needs to be porous, open and flexible. From reinventing welfare systems to redefining the working age, from reimagining education to embracing automation, Emmott lays out the changes the West must make to revive itself in the moment and avoid a deathly rigid future.

    Braudel's scope embraces the natural world and material life, economics, demography, politics, and diplomacy.

    The reason is simple. At first glance, Nordic countries seem to have everything liberals want to see in America: equal income distribution, good health, low levels of poverty, and thriving economies, all co-existing with big welfare states. By copying Nordic policies, many in the American left hope to transform America to a similar socialist -utopia.-In Debunking Utopia, Swedish author Nima Sanandaji explains why this is all wishful thinking. Certainly, some aspects of Nordic welfare states, such as childcare provision, merit the admiration of liberals. But overall, it is a unique culture based on hard work, healthy diets, social cohesion and high levels of trust that have made Nordic countries successful. Sanandaji explains how the Nordic people adopted this culture of success in order to survive in the unforgiving Scandinavian climate. He systematically proves that the high levels of income equality, high lifespans and other signs of social success in the Nordics all predate the expansion of the welfare state. If anything, the Nordic countries reached their peak during the mid-twentieth century, when they had low taxes and small welfare states. Perhaps most astonishing are his findings that Nordic-Americans consistently outperform their cousins who live across the ocean. People of Nordic descent who live under the American capitalist system not only enjoy higher levels of income, but also a lower level of poverty than the citizens of the Nordic countries themselves.Sanandaji's previous writings on the roots of Nordic success have gained media attention around the world and been translated into many languages. Debunking Utopia, which expands on this work, should be read by all--liberals and conservatives alike--who follow the debate over the future of American welfare. As Sanandaji shows, there is much Americans can learn from both the successes and failures of Nordic-style social democracy.