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Noise: A Flaw in Human Judgment
Daniel Kahneman - 2021
Suppose that different food inspectors give different ratings to indistinguishable restaurants — or that when a company is handling customer complaints, the resolution depends on who happens to be handling the particular complaint. Now imagine that the same doctor, the same judge, the same inspector, or the same company official makes different decisions, depending on whether it is morning or afternoon, or Monday rather than Wednesday. These are examples of noise: variability in judgments that should be identical. In Noise, Daniel Kahneman, Cass R. Sunstein, and Olivier Sibony show how noise contributes significantly to errors in all fields, including medicine, law, economic forecasting, police behavior, food safety, bail, security checks at airports, strategy, and personnel selection. And although noise can be found wherever people make judgments and decisions, individuals and organizations alike are commonly oblivious to the role of chance in their judgments and in their actions. Drawing on the latest findings in psychology and behavioral economics, and the same kind of diligent, insightful research that made Thinking, Fast and Slow and Nudge groundbreaking New York Times bestsellers, Noise explains how and why humans are so susceptible to noise in judgment — and what we can do about it.
How to Get Filthy Rich in Rising Asia
Mohsin Hamid - 2013
His first two novels established Mohsin Hamid as a radically inventive storyteller with his finger on the world's pulse. How to Get Filthy Rich in Rising Asia meets that reputation, and exceeds it. the astonishing and riveting tale of a man's journey from impoverished rural boy to corporate tycoon, it steals its shape from the business self-help books devoured by ambitious youths all over "rising Asia." It follows its nameless hero to the sprawling metropolis where he begins to amass an empire built on that most fluid, and increasingly scarce, of goods: water. Yet his heart remains set on something else, on the pretty girl whose star rises along with his, their paths crossing and recrossing, a lifelong affair sparked and snuffed and sparked again by the forces that careen their fates along. How to Get Filthy Rich in Rising Asia is a striking slice of contemporary life at a time of crushing upheaval. Romantic without being sentimental, political without being didactic, and spiritual without being religious, it brings an unflinching gaze to the violence and hopes it depicts. And it creates two unforgettable characters who find moments of transcendent intimacy in the midst of shattering change.
Conscious Capitalism: Liberating the Heroic Spirit of Business
John E. Mackey - 2012
cofounder Raj Sisodia argue for the inherent good of both business and capitalism. Featuring some of today’s best-known companies, they illustrate how these two forces can—and do—work most powerfully to create value for all stakeholders: including customers, employees, suppliers, investors, society, and the environment.These "�Conscious Capitalism" companies include Whole Foods Market, Southwest Airlines, Costco, Google, Patagonia, The Container Store, UPS, and dozens of others. We know them; we buy their products or use their services. Now it’s time to better understand how these organizations use four specific tenets—higher purpose, stakeholder integration, conscious leadership, and conscious culture and management—to build strong businesses and help advance capitalism further toward realizing its highest potential.As leaders of the Conscious Capitalism movement, Mackey and Sisodia argue that aspiring leaders and business builders need to continue on this path of transformation—for the good of both business and society as a whole.At once a bold defense and reimagining of capitalism and a blueprint for a new system for doing business grounded in a more evolved ethical consciousness, this book provides a new lens for individuals and companies looking to build a more cooperative, humane, and positive future.
What Has Government Done to Our Money? and The Case for a 100 Percent Gold Dollar
Murray N. Rothbard - 1963
The Mises Institute has united this book with its natural complement: a detailed reform proposal for a 100 percent gold dollar. The Case for a 100 Percent Gold Dollar was written a decade before the last vestiges of the gold standard were abolished. His unique plan for making the dollar sound again still holds up. Some people have said: Rothbard tells us what is wrong with money but not what to do about it. Well, by adding this essay, the problem and the answer are united in a comprehensive whole. After presenting the basics of money and banking theory, he traces the decline of the dollar from the 18th century to the present, and provides lucid critiques of central banking, New Deal monetary policy, Nixonian fiat money, and fixed exchange rates. He also provides a blueprint for a return to a 100 percent reserve gold standard. The book made huge theoretical advances. He was the first to prove that the government, and only the government, can destroy money on a mass scale, and he showed exactly how they go about this dirty deed. But just as importantly, it is beautifully written. He tells a thrilling story because he loves the subject so much. The passion that Murray feels for the topic comes through in the prose and transfers to the reader. Readers become excited about the subject, and tell others. Students tell professors. Some, like the great Ron Paul of Texas, have even run for political office after having read it. Rothbard shows precisely how banks create money out of thin air and how the central bank, backed by government power, allows them to get away with it. He shows how exchange rates and interest rates would work in a true free market. When it comes to describing the end of the gold standard, he is not content to describe the big trends. He names names and ferrets out all the interest groups involved. Since Rothbard's death, scholars have worked to assess his legacy, and many of them agree that this little book is one of his most important. Though it has sometimes been inauspiciously packaged and is surprisingly short, its argument took huge strides toward explaining that it is impossible to understand public affairs in our time without understanding money and its destruction.
The Grand Inquisitor
Fyodor Dostoevsky - 1879
The central character in this work is a Grand Inquisitor who arrests Jesus. A Grand Inquisitor, or Inquisitor Generalis in German is the individual who leads an Inquisition, just like Spanish Dominican Tomas de Torquemada who was the official in charge of the Spanish Inquisition.
Great Expectations
Charles Dickens - 1860
'In what may be Dickens's best novel, humble, orphaned Pip is apprenticed to the dirty work of the forge but dares to dream of becoming a gentleman — and one day, under sudden and enigmatic circumstances, he finds himself in possession of "great expectations." In this gripping tale of crime and guilt, revenge and reward, the compelling characters include Magwitch, the fearful and fearsome convict; Estella, whose beauty is excelled only by her haughtiness; and the embittered Miss Havisham, an eccentric jilted bride
Everyone Worth Knowing
Lauren Weisberger - 2005
Then Bette meets Kelly, head of Manhattan's hottest PR firm, and suddenly she has a brand-new job where the primary requirement is to see and be seen inside the VIP rooms of the city's most exclusive nightclubs. But when Bette begins appearing in a vicious new gossip column, she realizes that the line between her personal life and her professional life is...invisible.
Good Economics for Hard Times: Better Answers to Our Biggest Problems
Abhijit V. Banerjee - 2019
Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it.Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable.In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect and show how economics, when done right, can help us solve the thorniest social and political problems of the day. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.
Narrative Economics: How Stories Go Viral and Drive Major Economic Events
Robert J. Shiller - 2019
Using a rich array of historical examples and data, Shiller argues that studying popular stories that affect individual and collective economic behavior--what he calls narrative economics--has the potential to vastly improve our ability to predict, prepare for, and lessen the damage of financial crises, recessions, depressions, and other major economic events.Spread through the public in the form of popular stories, ideas can go viral and move markets--whether it's the belief that tech stocks can only go up, that housing prices never fall, or that some firms are too big to fail. Whether true or false, stories like these--transmitted by word of mouth, by the news media, and increasingly by social media--drive the economy by driving our decisions about how and where to invest, how much to spend and save, and more. But despite the obvious importance of such stories, most economists have paid little attention to them. Narrative Economics sets out to change that by laying the foundation for a way of understanding how stories help propel economic events that have had led to war, mass unemployment, and increased inequality.The stories people tell--about economic confidence or panic, housing booms, the American dream, or Bitcoin--affect economic outcomes. Narrative Economics explains how we can begin to take these stories seriously. It may be Robert Shiller's most important book to date.
Winesburg, Ohio
Sherwood Anderson - 1919
In "Hands," Wing Biddlebaum tries to hide the tale of his banishment from a Pennsylvania town, a tale represented by his hands. In "Adventure," lonely Alice Hindman impulsively walks naked into the night rain. Threaded through the stories is the viewpoint of George Willard, the young newspaper reporter who, like his creator, stands witness to the dark and despairing dealings of a community of isolated people.
Election
Tom Perrotta - 1998
Scheduled for release as a feature film in 1998, starring Matthew Broderick.Who really cares who gets elected President of Winwood High School? Nobody -- except Tracy Flick. Tracy's one of those students of boundless energy and ambition who somehow finds the time to do everything -- edit the school paper, star in the musical, sleep with her favorite teacher. Her heart is set on becoming President of Winwood, and what Tracy wants, Tracy gets. With weeks to go before election day, her victory is nearly a foregone conclusion.And that's just the problem, according to Mr. M -- a.k.a. Jim McAllister, faculty, advisor to the Student Government Association and a popular Winwood history teacher. In the name of democracy -- not to mention a simmering grudge against Tracy Flick -- Mr. M recruits the perfect opposition candidate. Paul Warren is a golden boy, a football hero with a brain and a heart, eager to bulk up his meager resume.As Winwood High experiences election fever, Mr. M is distracted by a sudden attraction to his wife's best friend. The two dramas he has created -- one personal and private, the other public and political -- unfurl simultaneously, with all the players sharing in a life-altering conclusion.Part satire, part soap opera, Election is an uncommon look at an ordinary American high school, and the extraordinary people who inhabit it.
Essays on political economy
Frédéric Bastiat - 1968
This volume is produced from digital images created through the University of Michigan University Library's preservation reformatting program.
The Pleasing Hour
Lily King - 1999
Fleeing a devastating loss, Rosie takes a job as an au pair with a Parisian family and soon finds the comfort and intimacy she longs for with their children and the father, Marc. Only Nicole, the children's distant, impeccably polished mother, is unwilling to embrace the young American. But when Rosie realizes that her attachments have become transgressions, she leaves for the south of France. There she learns about Nicole's own haunted past and the losses that link the two women more closely than either could have imagined.
The Girl on the Cliff
Lucinda Riley - 2011
And it is here, on a cliff edge, that she first meets a young girl, Aurora, who will profoundly change her life. Mysteriously drawn to Aurora, Grania discovers that the histories of their families are strangely and deeply entwined . . .From a bittersweet romance in wartime London to a troubled relationship in contemporary New York, from devotion to a foundling child to forgotten memories of a lost brother, the Ryans and the Lisles, past and present, have been entangled for a century. Ultimately, it will be Aurora whose intuition and remarkable spirit help break the spell and unlock the chains of the past.Haunting, uplifting and deeply moving, Aurora's story tells of the triumph of hope over loss.