But concern over what Louis Brandeis called the "curse of bigness" can no longer remain the province of specialist lawyers and economists, for it has spilled over into policy and politics, even threatening democracy itself. History suggests that tolerance of inequality and failing to control excessive corporate power may prompt the rise of populism, nationalism, extremist politicians, and fascist regimes. In short, as Wu warns, we are in grave danger of repeating the signature errors of the twentieth century.In The Curse of Bigness, Columbia professor Tim Wu tells of how figures like Brandeis and Theodore Roosevelt first confronted the democratic threats posed by the great trusts of the Gilded Age--but the lessons of the Progressive Era were forgotten in the last 40 years. He calls for recovering the lost tenets of the trustbusting age as part of a broader revival of American progressive ideas as we confront the fallout of persistent and extreme economic inequality.

    This outstanding history illustrates the utter futility of fighting the market process through legislation, which always uses despotic measures to yield socially catastrophic results.The book covers the ancient world, the Roman Republic and Empire, Medieval Europe, the first centuries of the United States and Canada, the French Revolution, the 19th century, World Wars I and II, the Nazis, the Soviets, postwar rent control, and the 1970s. It also includes a very helpful conclusion spelling out the theory of wage and price controls.This book is a treasure, and super entertaining!To search for Mises Institute titles, enter a keyword and LvMI (short for Ludwig von Mises Institute); e.g., Depression LvMI

    Individuals decide what the most marketable good is for use as a medium of exchange. “Man himself is the beginning and the end of every economy,” Menger wrote, and so it is with deciding what is to be traded as money. "Money has not been generated by law. In its origin it is a social, and not a state institution. Sanction by the authority of the state is a notion alien to it. " This is the first time this essay has been in print in more than a century![Mises.org]

    At Poitiers, in 1356, his victory over King John II of France forced the French into a humiliating surrender that marked the zenith of England’s dominance in the Hundred Years War. As lord of Aquitaine, he ruled a vast swathe of territory across the west and southwest of France, holding a magnificent court at Bordeaux that mesmerized the brave but unruly Gascon nobility and drew them like moths to the flame of his cause.He was Edward of Woodstock, eldest son of Edward III, and better known to posterity as “the Black Prince.” His military achievements captured the imagination of Europe: heralds and chroniclers called him “the flower of all chivalry” and “the embodiment of all valor.” But what was the true nature of the man behind the chivalric myth, and of the violent but pious world in which he lived? This exemplary new history uses contemporary chronicles plus a wide range of documentary material—including the Prince's own letters and those of his closest followers—to tell the tale of an authentic English hero and to paint a memorable portrait of society in the tumultuous fourteenth century.

    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.

    Once a maritime superpower and ruler of half the world, Britain now occupies an isolated position as an economically fragile island often at odds with her European neighbors. Lawrence James has written a comprehensive, perceptive and insighful history of the British Empire. Spanning the years from 1600 to the present day, this critically acclaimed book combines detailed scholarship with readable popular history.

    Murrow, the handsome, chain-smoking head of CBS News in Europe; Averell Harriman, the hard-driving millionaire who ran FDR’s Lend-Lease program in London; and John Gilbert Winant, the shy, idealistic U.S. ambassador to Britain. Each man formed close ties with Winston Churchill—so much so that all became romantically involved with members of the prime minister’s family. Drawing from a variety of primary sources, Lynne Olson skillfully depicts the dramatic personal journeys of these men who, determined to save Britain from Hitler, helped convince a cautious Franklin Roosevelt and reluctant American public to back the British at a critical time. Deeply human, brilliantly researched, and beautifully written, Citizens of London is a new triumph from an author swiftly becoming one of the finest in her field.

    Political debates have turned into violent clashes between those who want to "take their country back" and those viewed as defending an elitist, broken, and unpatriotic social contract. There seems to be an increasing polarization of values. The Economics of Belonging argues that we should step back and take a fresh look at the root causes of our current challenges. In this original, engaging book, Martin Sandbu argues that economics remains at the heart of our widening inequality and it is only by focusing on the right policies that we can address it. He proposes a detailed, radical plan for creating a just economy where everyone can belong.Sandbu demonstrates that the rising numbers of the left behind are not due to globalization gone too far. Rather, technological change and flawed but avoidable domestic policies have eroded the foundations of an economy in which everyone can participate--and would have done so even with a much less globalized economy. Sandbu contends that we have to double down on economic openness while pursuing dramatic reforms involving productivity, regional development, support for small- and medium-sized businesses, and increased worker representation. He discusses how a more active macroeconomic policy, education for all, universal basic income, and better taxation of capital could work together for society's benefit.Offering real answers, not invective, for facing our most serious political issues, The Economics of Belonging shows how a better economic system can work for all.

    Waterloo changed almost everything.’Bestselling author Bernard Cornwell is celebrated for his ability to bring history to life. Here, in his first work of non-fiction, he has written the true story of the epic battle of Waterloo – a momentous turning point in European history – a tale of one campaign, four days and three armies.He focuses on what it was like to be fighting in that long battle, whether officer or private, whether British, Prussian or French; he makes you feel you are present at the scene. The combination of his vivid, gripping style and detailed historical research make this, his first non-fiction book, the number one book for the upcoming 200th anniversary of the Battle of Waterloo.It is a magnificent story. There was heroism on both sides, tragedy too and much misery. Bernard Cornwell brings those combatants back to life, using their memories to recreate what it must have been like to fight in one of the most ghastly battles of history. It was given extra piquancy because all of Europe reckoned that the two greatest soldiers of the age were Napoleon and Wellington, yet the two had never faced each other in battle. Both were acutely aware of that, and aware that history would judge them by the result. In the end it was a victory for Wellington, but when he saw the casualty lists he wept openly. ‘I pray to God,’ he said, ‘I have fought my last battle.’ He had, and it is a story for the ages.

    This book by Sunday Times political editor Tim Shipman is the first to tell the full story of how and why Britain voted to leave the European Union and how the vote shattered the political status quo.Based on unrivalled access to all the key politicians and their advisors – including Boris Johnson, Michael Gove, George Osborne, Nigel Farage and Dominic Cummings, the mastermind of Vote Leave – Shipman has written a political history that reads like a thriller, and offers a gripping, day-by-day account of what really happened behind-the-scenes in Downing Street, both Leave campaigns, the Labour Party, Ukip and Britain Stronger in Europe.Shipman gives his readers a ringside seat on how decisions were made, mistakes justified and betrayals perpetrated. Filled with stories, anecdotes and juicy leaks the book does not seek to address the rights and wrongs of Brexit but to explore how and why David Cameron chose to take the biggest political gamble of his life and explain why he lost.This is a story of calculation, attempted coups, individuals torn between principles and loyalty. All the events are here – from David Cameron’s pledge to hold a referendum, through to the campaign itself, his resignation as prime minister, the betrayals and rivalries that occurred during the race to find his successor to the arrival of Theresa May in Downing Street as Britain’s second female prime minister.All Out War is a book about leaders and their closest aides, the decisions they make and how and why they make them, as well as how they feel when they turn out to be wrong. It is about men who make decisions that are intellectually consistent and – by their own measure – morally sound that are simultaneously disastrous for themselves and those closest to them. It is about how doing what you know has worked before doesn’t always work again. Most of all it is about asking the question: how far are you prepared to go to win?

    Pettis combines the insights of economic history, economic theory, and finance theory into a comprehensive model for understanding sovereign liability management and the causes of financial crises. He examines recent financial crises in emerging market countries along with the history of international lending since the 1820s to argue that the process of international lending is driven primarily by external events and not by local politics and/or economic policies. He draws out the corporate finance implications of this approach to argue that most of the current analyses of the recent financial crises suffered by Latin America, Asia, and Russia have largely missed the point. He then develops a sovereign finance model, analogous to corporate finance, to understand the capital structure needs of emerging market countries. Using this model, he finally puts into perspective the recent crises, a new sovereign liability management theory, the implications of the model for sovereign debt restructurings, and the new financial architecture.Bridging the gap between finance specialists and traders, on the one hand, and economists and policy-makers on the other, The Volatility Machine is critical reading for anyone interested in where the international economy is going over the next several years.

    Acclaimed by The Wall Street Journal as "brilliantly researched and written," the book tells the rich, panoramic story of four generations of Morgans and the powerful, secretive firms they spawned. It is the definitive account of the rise of the modern financial world. A gripping history of banking and the booms and busts that shaped the world on both sides of the Atlantic, The House of Morgan traces the trajectory of the J. P. Morgan empire from its obscure beginnings in Victorian London to the crash of 1987. Ron Chernow paints a fascinating portrait of the private saga of the Morgans and the rarefied world of the American and British elite in which they moved. Based on extensive interviews and access to the family and business archives, The House of Morgan is an investigative masterpiece, a compelling account of a remarkable institution and the men who ran it, and an essential book for understanding the money and power behind the major historical events of the last 150 years.

    But a city is nothing without its people. This new history of London, told through a relay-race of great Londoners, shows that the ingenuity, diversity, creativity and enterprise of London are second to none.

    The same Protestant wind that had filled the sails of Drake's ships in 1588 was surely behind him.Determined to avenge the loss of the Puritan colony of Providence Island, he decided to take on the Spanish in the New World; but an assault on the island of Hispaniola proved a disaster.To Cromwell, obsessed with God's plan for an elect nation, this was a grievous blow. Concluding that God had deserted him because his domestic reforms had not gone far enough, he introduced the hardline puritan rule of the Major-Generals. Sectarianism and fundamentalism ran riot; Levellers and royalists joined together in conspiracy against Cromwell. The only way out seemed to be a return to the Parliament presided over by a King. But would Cromwell accept the crown?