Banker, man of letters, inventor of the Treasury bill, and author of Lombard Street, the still-canonical guide to stopping a run on the banks, Bagehot prescribed the doctrines that—decades later—inspired the radical responses to the world’s worst financial crises.Born in the small market town of Langport, just after the Panic of 1825 swept across England, Bagehot followed in his father’s footsteps and took a position at the local family bank—but his influence on financial matters would soon spread far beyond the county of Somerset. Persuasive and precocious, he came to hold sway in political circles, making high-profile friends, including William Gladstone—and enemies, such as Lord Overstone and Benjamin Disraeli. As a prolific essayist on wide-ranging topics, Bagehot won the admiration of Matthew Arnold and Woodrow Wilson, and delighted in paradox. He was also a misogynist, and while he opposed slavery, he misjudged Abraham Lincoln and the Civil War. As editor of the Economist, he offered astute commentary on the financial issues of his day, and his name lives on in an eponymous weekly column. He has been called "the Greatest Victorian."In James Grant’s colorful and groundbreaking biography, Bagehot appears as both an ornament to his own age and a muse to our own. Drawing on a wealth of historical documents, correspondence, and publications, Grant paints a vivid portrait of the banker and his world.

    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.

    This title can help you understand why financial markets exist, how financial institutions serve those markets, and the various services those institutions offer.

    Previous generations could only dream of a free world. Now we can begin to make it." In his welcome alternative to the rampant pessimism about Euro-American relations, award-winning historian Timothy Garton Ash shares an inspiring vision for how the United States and Europe can collaborate to promote a free world.At the start of the twenty-first century, the West has plunged into crisis. Europe tries to define itself in opposition to America, and America increasingly regards Europe as troublesome and irrelevant. What is to become of what we used to call “the free world”? Part history, part manifesto, Free World offers both a scintillating assessment of our current geopolitical quandary and a vitally important argument for the future of liberty and the shared values of the West.

    While this is a widely held view, it is a problem that—so far—has proved intractable. After every election, voters discover yet again that political "leaders" are simply quarreling in a never-ending battle between the two warring tribes, the Republicans and Democrats. In this critically important book, a distinguished statesman and thinker identifies exactly how our political and governing systems reward intransigence, discourage compromise, and undermine our democracy. He then describes exactly what must be done to banish the negative effects of partisan warfare from our political system.As a former congressman, Mickey Edwards witnessed firsthand how important legislative battles can devolve into struggles not over principle but over party advantage. He offers graphic examples of how this problem has intensified and reveals how political battles have become nothing more than conflicts between party machines. Edwards's solutions—specific, practical, fair, and original—show the way to break the stranglehold of the political party system. The Parties Versus the People offers hope for a fundamental renewal of American democracy.

    In A People's History of the Russian Revolution, Neil Faulkner sets out to debunk the myths and pry fact from fiction, putting at the heart of the story the Russian people who are the true heroes of this tumultuous tale. In this fast-paced introduction, Faulkner tells the powerful narrative of how millions of people came together in a mass movement, organized democratic assemblies, mobilized for militant action, and overturned a vast regime of landlords, profiteers, and warmongers.   Faulkner rejects caricatures of Lenin and the Bolsheviks as authoritarian conspirators or the progenitors of Stalinist dictatorship, and forcefully argues that the Russian Revolution was an explosion of democracy and creativity—and that it was crushed by bloody counter-revolution and replaced with a form of bureaucratic state-capitalism.   Grounded by powerful first-hand testimony, this history marks the centenary of the Revolution by restoring the democratic essence of the revolution, offering a perfect primer for the modern reader.

    During the summer of his senior year at college, while earning a B.A. in Economics and Political Science, David P. Spears spent eighty hours undercover as a panhandler. Systematically recording every transaction at the exit ramp, Spears captured a rarely seen picture of how modern urban charity works.This book is the record of his adventures, part economic research, part investigative journalism. Both the numbers and the stories behind the numbers provide answers to the questions we’ve all been wondering: Who gives more to panhandlers—men or women? What percentage of drivers roll down their windows to donate? And most important of all, how much can a panhandler earn per hour?Get out your bi-weekly pay stub—by the end of this book you’ll know if you make more or less than the guy with the cardboard sign.

    He shows how to manage your own psychology and your operations, be it working with co-founders, building a culture, or managing a board of directors. Brian also reveals the secrets of scaling a business and best practices for raising venture capital in Latin America. You will develop an understanding of the most critical parts of an investor term sheet, and gain perspective into the inner workings of the venture capital game.

    In the few cases where it gets any attention, economic commentary in the Gospels and other New Testament writings tend to lapse into simplistic class warfare nostrums. Liberation theologians import Marxism wholesale (but they try to sell it retail) into theology. Academic historians of 1st Century Palestine/Judea have been pushing an account of a poor peasant Jesus leading a poor peasant's revolt based on the idea of mass displaced workers in Lower Galilee. The problem is the actual archeological findings paint a picture of an industrious and entrepreneurial economy during Jesus's time there. Reading the Gospels in light of archeology and history, which are now available to us, gives us a very different picture than the one you’ve been told regarding what Jesus taught about work and money.

    Beginning in the Great Depression and through to the 1970s, he argues, the United States built a uniquely equitable period that contrasts with the deeper historical patterns of American political practice, economic structure, and cultural outlook.During those exceptional decades, which Cowie situates in the long arc of American history, the government used its considerable resources on behalf of working Americans in ways that it had not before and has not since. The crises of the Depression and World War II forced realignments of American politics and class relations, but these changes were less a permanent triumph of the welfare state than the product of a temporary cessation of enduring tensions involving race, immigration, culture, class, and individualism. Against this backdrop, Cowie shows how any renewed American battle for collective economic rights needs to build on an understanding of how the New Deal was won--and how it ultimately succumbed to contrasting patterns ingrained in U.S. history. As positive as the era of Roosevelt was in creating a more equitable society, Cowie suggests that the New Deal may necessarily belong more to the past than the future of American politics.Anyone who wants to come to terms with the politics of inequality in U.S. history will need to read "The Great Exception."

    Over the centuries, Americans have read and written their way into a political culture of ink and type.Part civics primer, part cultural history, "The Story of America" excavates the origins of everything from the paper ballot and the Constitution to the I.O.U. and the dictionary. Along the way it presents fresh readings of Benjamin Franklin's "Way to Wealth", Thomas Paine's "Common Sense", "The Raven" by Edgar Allan Poe, and "Paul Revere's Ride" by Henry Wadsworth Longfellow, as well as histories of lesser-known genres, including biographies of presidents, novels of immigrants, and accounts of the Depression.From past to present, Lepore argues, Americans have wrestled with the idea of democracy by telling stories. In this thoughtful and provocative book, Lepore offers at once a history of origin stories and a meditation on storytelling itself.Here he lyes --A pilgrim passed I --The way to wealth --The age of Paine --We the parchment --I.O.U. --A Nue Merrykin Dikshunary --His Highness --Man of the people --Pickwick in America --The humbug --President Tom's cabin --Pride of the prairie --Longfellow's ride --Rock, paper, scissors --Objection --Chan the man --The uprooted --Rap sheet --To wit

    A new leader tries to pull the country out of a terrible recession—only to face a devilish plot from inside his own party. David Frum's darkly comic satire PATRIOTS is not only a warning about the future of American politics. It is a scorching, intimate explanation of why the U.S. political system has so badly failed the American people over the years just past.PATRIOTS tells the story of Walter Schotzke, the aimless young heir to America's largest mustard fortune. Walter is sent by his tough-minded grandmother to work in the office of a distinguished U.S. Senator. She hopes her otherwise worthless only grandchild might find purpose, and even appreciation for his country, from political service. Perhaps the job will also help Walter overcome the tragic loss of both his parents—especially that of his famous father, a genuine American hero, whose example Walter can't ever hope to live up to.

    From film stars to politicians, tycoons to writers, dissidents to lifestyle gurus, the list reads like an international Who's Who of our times. Lunch with the FT is a selection of the best: 52 classic interviews conducted in the unforgiving proximity of a restaurant table. From Angela Merkel to Sean 'P. Diddy' Combs, Martin Amis to one of the Arab world's most notorious sons, this book brings you right to the table to decide what you think of or world's most powerful players.

    Maoist China provides an example of extreme human interference in the natural world in an era in which human relationships were also unusually distorted. Under Mao, the traditional Chinese ideal of harmony between heaven and humans was abrogated in favor of Mao's insistence that Man Must Conquer Nature. Mao and the Chinese Communist Party's war to bend the physical world to human will often had disastrous consequences both for human beings and the natural environment. Mao's War Against Nature argues that the abuse of people and the abuse of nature are often linked. Shapiro's account, told in part through the voices of average Chinese citizens and officials who lived through and participated in some of the destructive campaigns, is both eye-opening and heartbreaking. Judith Shapiro teaches environmental politics at American University in Washington, DC. She is co-author, with Liang Heng, of several well known books on China, including Son of the Revolution (Random House, 1984) and After the Nightmare (Knopf, 1986). She was one of the first Americans to work in China after the normalization of U.S.-China relations in 1979.

    He has also added his famed McKinsey Award-winning essay "Marketing Myopia," and included detailed accounts of how to maximize the product life cycle and achieve the delicate balance between innovation and imitation. As before, this new edition of The Marketing Imagination shows Levitt at his best -- sharp, knowledgeable, erudite, and, yes, as imaginative as ever.