Book picks similar to
Till Time's Last Sand: A History of the Bank of England 1694-2013 by David Kynaston
history
economics
finance
britain
Industry and Empire: The Birth of the Industrial Revolution
Eric J. Hobsbawm - 1968
It occurred, inevitably and temporarily, in the form of a capitalist economy and society, and it was also, perhaps, inevitable that it should occur in the form of a single "liberal" world economy, depending for a time on a single leading pioneer country. That country was Britain , and as such it stands alone in history. In his book E. J. Hobsbawm described and accounts for Britain's rise as the world's first industrial power, its decline from its temporary dominance, its rather special relationship with the rest of the world, and some of the effects of all of these on the life of the people of the country.The advantages of making an industrial revolution in the eighteenth and nineteenth centuries were considerable, but between the 1860s and the end of the nineteenth the disadvantages began to emerge. Britain's decline can be traced to the early and long-sustained start as an industrial power, which, among other things, embedded an archaic technology and business structure which became difficult to abandon, or even modify. Also, Britain became the primary agency of economic interchange between the advanced and backward nations, and this dependence of the underdeveloped world on Britain left her with a line of retreat into Empire and Free Trade. Between the wars, the single liberal world economy, theoretically self-regulating, collapsed, and the accompanying world political system also began to collapse after the Russian revolution of 1917. Britain has adjusted to these major changes, but the big question still remains--can Britain fully adapt to the changed economic world of the second half of the twentieth century and maintain a position as a major economy? And if not, what are the alternatives?Industry and Empire is the provocative and stimulating companion volume to Christopher Hill's Reformation to Industrial Revolution.
A Magnificent Obsession: Victoria, Albert, and the Death That Changed the British Monarchy
Helen Rappaport - 2011
For Britain had not just lost a prince: during his twenty year marriage to Queen Victoria, Prince Albert had increasingly performed the function of King in all but name. The outpouring of grief after Albert's death was so extreme, that its like would not be seen again until the death of Princess Diana 136 years later.Drawing on many letters, diaries and memoirs from the Royal Archives and other neglected sources, as well as the newspapers of the day, Rappaport offers a new perspective on this compelling historical psychodrama--the crucial final months of the prince's life and the first long, dark ten years of the Queen's retreat from public view. She draws a portrait of a queen obsessed with her living husband and - after his death - with his enduring place in history. Magnificent Obsession will also throw new light on the true nature of the prince's chronic physical condition, overturning for good the 150-year old myth that he died of typhoid fever.
How To Stop Brexit - And Make Britain Great Again
Nick Clegg - 2017
There is nothing remotely inevitable about Brexit – except that it will be deeply damaging if it happens. Extricating Britain from Europe will be the greatest challenge this country has faced since the Second World War. And as negotiations with the EU expose the promises of the Brexit campaign to have been hollow, even some Brexit-voters now wish to exercise their democratic right to change their mind, seeing that the most pragmatic option is to … stop. It would certainly be the best thing for Britain. But how can it be done? Haven’t the people spoken?No. In this indispensable handbook, Nick Clegg categorically debunks the various myths that have been used to force Brexit on Britain, not by ‘the people’ but by a small, extremely rich, self-serving elite, and explains precisely how this historic mistake can be reversed – and what you can do to make sure that it is.
Labor and Monopoly Capital: The Degradation of Work in the Twentieth Century
Harry Braverman - 1974
Written in a direct, inviting way by Harry Braverman, whose years as an industrial worker gave him rich personal insight into work, Labor and Monopoly Capital overturned the reigning ideologies of academic sociology.This new edition features an introduction by John Bellamy Foster that sets the work in historical and theoretical context, as well as two rare articles by Braverman, The Degradation of Work in the Twentieth Century (1975) and Two Comments (1976), that add much to our understanding of the book.
Trafalgar: Countdown to Battle, 1803-1805
Alan Schom - 1990
For this reason, the battle itself has been remembered as a momentary success, the resulted only from a stroke of immediate genius or from a brief plan. But as Alan Schom shows, the Battle of 21 October 1805, a meeting of the might of the British and French navies, was the result of a strategy laid out by the British Admiralty two years earlier, in 1803. The period from that year until the Battle of Trafalgar was known as ‘the Great Terror’, when British naval forces were on constant alert for attacks by the Frenchman. Various political figures are written about, debating manoeuvres and quota of ships to be constructed, and putting down mutinies. Exploring previously unexplored archives of both England and France, Schom places Trafalgar in the context of the era. He draws portraits of the key personnel on both sides, such as Dumouriez, Decrès, Talleyrand, Berthier, Pitt, Cornwallis and Castlereagh. There is also a comprehensive discussion of the growth of the French naval fleet, helped by Dutch ships, and the preparations to build ports, which were hampered by their extraordinary costs and inclement weather. There are detailed descriptions of the fleets meeting during the run-in to Trafalgar, and Schom is engaging and sometimes humorous in his commentary on events. He also debunks several myths which should put an end to certain debates pertaining to a great battle of modern history. “[A] riveting narrative...Lively, dramatic.” – Kirkus Reviews “Fresh and ever interesting...Triumphantly justifies adding to an already crowded bookshelf...The style is vigorous, the narrative packed with facts but relieved with excellently chosen quotations and off-beat insights.” – The Sunday Times “Deftly drawn biographies bring to life the principal actors in the great drama...A thoroughly researched and splendidly written book.” – The Los Angeles Times Book Review Alan Schom was a professor of French and European history before retiring to write full-time. He is the author of Emile Zola: A Biography and the forthcoming One Hundred Days: The Road to Waterloo. Endeavour Press is the UK's leading independent digital publisher. For more information on our titles please sign up to our newsletter at www.endeavourpress.com. Each week you will receive updates on free and discounted ebooks. Follow us on Twitter: @EndeavourPress and on Facebook via http://on.fb.me/1HweQV7. We are always interested in hearing from our readers. Endeavour Press believes that the future is now.
Going Dutch: How England Plundered Holland's Glory
Lisa Jardine - 2008
An exploration of the relationship of competition and assimilation between England and the Netherlands during the 17th century, revealing how Dutch tolerance, resilience and commercial acumen effectively conquered England by permanently reshaping the intellectual landscape long before Dutch monarchs sat on the English throne.
There Is No Alternative: Why Margaret Thatcher Matters
Claire Berlinski - 2008
Three decades later, it is the richest and most influential country in Europe, and Margaret Thatcher is the reason. The preternaturally determined Thatcher rose from nothing, seized control of Britain’s Conservative party, and took a sledgehammer to the nation’s postwar socialist consensus. She proved that socialism could be reversed, inspiring a global free-market revolution. Simultaneously exploiting every politically useful aspect of her femininity and defying every conventional expectation of women in power, Thatcher crushed her enemies with a calculated ruthlessness that stunned the British public and without doubt caused immense collateral damage. Ultimately, however, Claire Berlinski agrees with Thatcher: There was no alternative. Berlinski explains what Thatcher did, why it matters, and how she got away with it in this vivid and immensely readable portrait of one of the towering figures of the twentieth century.
Money: From Bronze to Bitcoin, the True Story of a Made-up Thing
Jacob Goldstein - 2020
In Money, Jacob Goldstein shows how money is a useful fiction that has shaped societies for thousands of years, from the rise of coins in ancient Greece to the first stock market in Amsterdam to the emergence of shadow banking in the 21st century.At the heart of the story are the fringe thinkers and world leaders who reimagined money. Kublai Khan, the Mongol emperor, created paper money backed by nothing, centuries before it appeared in the west. John Law, a professional gambler and convicted murderer, brought modern money to France (and destroyed the country's economy). The cypherpunks, a group of radical libertarian computer programmers, paved the way for bitcoin.One thing they all realized: what counts as money (and what doesn't) is the result of choices we make, and those choices have a profound effect on who gets more stuff and who gets less, who gets to take risks when times are good, and who gets screwed when things go bad. Lively, accessible, and full of interesting details (like the 43-pound copper coins that 17th-century Swedes carried strapped to their backs), Money is the story of the choices that gave us money as we know it today.
I.O.U.: Why Everyone Owes Everyone and No One Can Pay
John Lanchester - 2009
I.O.U. is the story of how we came to experience such a complete and devastating financial implosion, and how the decisions and actions of a select group of individuals had profound consequences for America, Europe, and the global economy overall. John Lanchester begins with "The ATM Moment," that seemingly magical proliferation of cheap credit that led to an explosion of lending, and then deftly outlines the global and local landscapes of banking and finance. Viewing the crisis through the lens of politics, culture, and contemporary history -- from the invention and widespread misuse of financial instruments to the culpability of subprime mortgages -- Lanchester draws perceptive conclusions on the limitations of financial and governmental regulation, capitalism's deepest flaw, and, most important, on the plain and simple facts of human nature where cash is concerned.Weaving together firsthand research and superbly written reportage, Lanchester delivers a shrewd perspective and a digestible, comprehensive analysis that connects the dots for the expert and casual reader alike. I.O.U. is an eye-opener of a book -- it may well provoke anger, amazement, or rueful disbelief -- and, as the author clearly reveals, we've only just begun to get ourselves back on track.
Shredded: Inside RBS: The Bank that Broke Britain
Ian Fraser - 2013
It’s an engaging, if in some ways infuriating, tale of how self-serving bank executives systematically broke the rules, lent with astonishing recklessness, abused customers and got suckered by Wall Street – before ultimately dumping their mess on taxpayers. Fraser doesn’t just point the finger at Royal’s clueless bankers. He also expertly chronicles the role of misguided regulations, captured supervisors and deluded politicians in fuelling this catastrophe.’ – Yves Smith, founder of Naked Capitalism and author of econned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism ‘This book should be posted through the letterbox of every taxpayer in Britain.’ – David Mellor, former chief secretary to the Treasury and secretary of state for National Heritage ‘Ian Fraser has spotted stories, uncovered scandals and written about them in a detailed and accessible way that leaves many other financial journalists in the dust.’ – Eamonn O’Neill, director of the MSc course in investigative journalism at the University of Strathclyde At its zenith, the Royal Bank of Scotland was the world’s biggest bank. It had assets of $3 trillion, employed over 200,000 people, had branches on every high street and was admired and trusted by millions of borrowers and investors. Now the mere mention of its name causes anger and resentment, and its former CEO, Fred Goodwin, is reviled as one of the architects of the worst financial crisis since 1929. In Shredded, Ian Fraser lifts the lid on the catastrophic mistakes that led the bank to the brink of collapse, scrutinizing the role played by RBS’s directors, who failed to check Goodwin’s hubris, the colleagues who were overawed by his despotic leadership style, the politicians who created a regulatory free-for-all in which banks went virtually unsupervised, and the investors who egged Goodwin on. As more and more toxic details emerge about the bank’s pre- and post-bailout misconduct, which stretches from the ruination of numerous small businesses in the UK and Ireland to the criminal fiddling of Yen Libor, and from the alleged manipulation of global foreign-exchange markets to the wholesale ‘mis-selling’ of US mortgage bonds, Ian Fraser examines what the future holds for RBS and whether it can ever regain the public’s trust.
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.
Collusion: How Central Bankers Rigged the World
Nomi Prins - 2018
Central banks and international institutions like the IMF have overstepped their traditional mandates by directing the flow of epic sums of fabricated money without any checks or balances. Meanwhile, the open door between private and central banking has ensured endless opportunities for market manipulation and asset bubbles -- with government support. Through on-the-ground reporting, Prins reveals how five regions and their central banks reshaped economics and geopolitics. She discloses how Mexico navigated its relationship with the US while striving for independence and how Brazil led the BRICS countries to challenge the US dollar's hegemony. She explains how China's retaliation against the Fed's supremacy is aiding its ongoing ascent as a global superpower and how Japan is negotiating the power shift from the West to the East. And she illustrates how the European response to the financial crisis fueled instability that manifests itself in everything from rising populism to the shocking Brexit vote. Packed with tantalizing details about the elite players orchestrating the world economy -- from Janet Yellen and Mario Draghi to Ben Bernanke and Christine Lagarde -- Collusion takes the reader inside the most discreet conversations at exclusive retreats like Jackson Hole and Davos. A work of meticulous reporting and bracing analysis, Collusion will change the way we understand the new world of international finance.
Capital in the Twenty-First Century
Thomas Piketty - 2013
But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In Capital in the Twenty-First Century, Thomas Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings will transform debate and set the agenda for the next generation of thought about wealth and inequality.Piketty shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality—the tendency of returns on capital to exceed the rate of economic growth—today threatens to generate extreme inequalities that stir discontent and undermine democratic values. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, Piketty says, and may do so again.
Why Globalization Works
Martin Wolf - 2004
Martin Wolf explains how globalization works, critiques the charges against it, argues that the biggest obstacle to global economic progress has been the failure not of the market but of governments, and offers a realistic scenario for economic internationalism in the post-9/11 age. For this paperback edition, Wolf provides a new introduction to update the debate.“Splendid. . . . The definitive treatment of the subject, and an absorbing read.”—Economist“Accessible and clearly argued. . . . A wealth of material on every page.”—Bruce Bartlett, Wall Street Journal"[Written by] one of the world’s most respected economic journalists, . . .this elegant and passionate defense of trade liberalization is essential reading."—Arvind Panagariya, Foreign Affairs"A powerful book."—Sebastian Mallaby, Washington Post“No one has summarised more coherently the recent, voluminous research. . . . Elegantly and persuasively, Wolf marshals the facts.”—Niall Ferguson, Sunday Telegraph“A necessary and compelling read for all who want to understand the logic of unfolding events.”—Robert Skidelsky, New Statesman
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.