The (Mis)Behavior of Markets


Benoît B. Mandelbrot - 1997
    Mandelbrot, one of the century's most influential mathematicians, is world-famous for making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated: Clouds are not round, mountains are not cones, coastlines are not smooth. To these classic lines we can now add another example: Markets are not the safe bet your broker may claim. In his first book for a general audience, Mandelbrot, with co-author Richard L. Hudson, shows how the dominant way of thinking about the behavior of markets-a set of mathematical assumptions a century old and still learned by every MBA and financier in the world-simply does not work. As he did for the physical world in his classic The Fractal Geometry of Nature, Mandelbrot here uses fractal geometry to propose a new, more accurate way of describing market behavior. The complex gyrations of IBM's stock price and the dollar-euro exchange rate can now be reduced to straightforward formulae that yield a far better model of how risky they are. With his fractal tools, Mandelbrot has gotten to the bottom of how financial markets really work, and in doing so, he describes the volatile, dangerous (and strangely beautiful) properties that financial experts have never before accounted for. The result is no less than the foundation for a new science of finance.

The Book of Why: The New Science of Cause and Effect


Judea Pearl - 2018
    Today, that taboo is dead. The causal revolution, instigated by Judea Pearl and his colleagues, has cut through a century of confusion and established causality -- the study of cause and effect -- on a firm scientific basis. His work explains how we can know easy things, like whether it was rain or a sprinkler that made a sidewalk wet; and how to answer hard questions, like whether a drug cured an illness. Pearl's work enables us to know not just whether one thing causes another: it lets us explore the world that is and the worlds that could have been. It shows us the essence of human thought and key to artificial intelligence. Anyone who wants to understand either needs The Book of Why.

Bury Him: A Memoir of the Viet Nam War


Doug ChamberlainDoug Chamberlain - 2019
    Doug Chamberlain endured many challenges. One challenge was a direct order to bury the remains of a Marine that had been left behind by another unit and be forced to participate in the following cover-up. The order was in direct contraction of United States Marine Corps Policy and the Warrior's Honor Code of never leaving any Marine behind. Following this order meant committing an act of incomprehensible betrayal and dishonor.In this captivating new book, Capt. Chamberlain explains in detail the events that transpired as he was forced into playing the role of a political pawn in a massive wartime cover-up. Capt. Chamberlain expertly paints a picture of deceit and military malfeasance, sharing with the reader the moral and mental struggles that ate away at him in the decades that followed this horrible act.

Ship of Fate: The Story of the MV Wilhelm Gustloff (Kindle Single)


Roger Moorhouse - 2016
     When the Wilhelm Gustloff was sunk by a Soviet submarine, with the loss of nearly 10,000 lives in January 1945, it wrote itself an unenviable record in the history books as the deadliest maritime disaster of all time. Yet, aside from its grim fate in the icy waters of the Baltic, the story of the Gustloff is a fascinating one, which sheds light on a number of little-known aspects of the wider history of the Third Reich. Launched in Hamburg in 1937, the luxury liner Wilhelm Gustloff was originally to be christened the “Adolf Hitler”, but instead was named after the Swiss Nazi leader, who had been assassinated by a Jewish gunman the previous year. The ship was the pride of the Nazi Labour Movement, and would be run as a cruise liner by the subsidiary KdF, an organisation responsible for German workers’ leisure time, cruising the Baltic and Scandinavian coast, seducing its passengers with the apparent benefits of belonging to the Nazi ‘national community’. The Gustloff also served a vital propaganda function for Hitler’s Reich. It was moored in London in 1938 to allow Austrian citizens in the city to participate in the plebiscite over Hitler’s annexation of the country and the following year, it brought the elite German ‘Condor Legion’ home from service alongside Franco’s forces in the Spanish Civil War. When war came in 1939, the Gustloff was used as a hospital ship and ferried wounded soldiers and sailors home from the 1940 campaign in Narvik. Later, moored in the harbour at Gdynia, it served as a floating barracks for U-Boat crews undergoing training. In 1945, the Wilhelm Gustloff would meet its nemesis. That spring, it would be requisitioned for “Operation Hannibal”, the attempt to evacuate civilians, soldiers and officials westwards from the German eastern provinces threatened by the Soviet advance. While many ships made numerous crossings, the Gustloff would not survive her first voyage. Packed to the gunnels with desperate evacuees, she was torpedoed off the Pomeranian coast on January 30 – ironically the twelfth anniversary of Hitler coming to power – with the loss of almost 10,000 lives. The story of the Wilhelm Gustloff’s sinking in the freezing waters of the Baltic is dramatic and it has rarely been satisfactorily told in the English language. This gripping Kindle Single will explore the history of the German ship that suffered the deadliest maritime disaster of all time. Roger Moorhouse is a critically-acclaimed freelance historian specialising in modern German and Central European history. Published in 15 languages, he is the author of the international bestseller Berlin at War (Bodley Head, 2010), and The Devils’ Alliance which was published in the UK & US in the autumn of 2014. He is also author of the eBook His Struggle: Hitler in Landsberg, 1924. 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.

1983: The World at the Brink


Taylor Downing - 2018
    Like all Bond movies, audiences believed that the storyline was entirely fictional if not totally crazy. Little did they know that while they munched on their popcorn, the Soviets were indeed preparing to launch a real nuclear attack on the West. 1983 was a dangerous year. In the United States, President Reagan increased defence spending and launched the 'Star Wars' Strategic Defence Initiative. When a Soviet plane shot down a Korean civilian jet, he described it as 'a crime against humanity'. Moscow was growing increasingly concerned about America's language and behaviour. Would they attack? The temperature was rising, fast.By November, Soviet leader Yuri Andropov, a life-long KGB man, had his finger on the nuclear button. Had the US made a move, it would have meant global nuclear Armageddon.It was only the following year that the US - which had never considered a first strike - came to learn just how terrified the Soviet Union was, and just how close to the brink the world had come.In 1983, Taylor Downing draws on previously unpublished interviews, and over a thousand pages of secret documents that have recently been released by Washington to tell the gripping, astonishing story that was almost the end of the world. Sometimes fact is stranger than fiction.

The Hawk and the Dove: Paul Nitze, George Kennan, and the History of the Cold War


Nicholas Thompson - 2009
    Both men came to power during World War II, reached their professional peaks during the Cold War's most frightening moments, and fought epic political battles that spanned decades. Yet despite their very different views, Paul Nitze and George Kennan dined together, attended the weddings of each other's children, and remained good friends all their lives.In this masterly double biography, Nicholas Thompson brings Nitze and Kennan to vivid life. Nitze--the hawk--was a consummate insider who believed that the best way to avoid a nuclear clash was to prepare to win one. More than any other American, he was responsible for the arms race. Kennan--the dove--was a diplomat turned academic whose famous "X article" persuasively argued that we should contain the Soviet Union while waiting for it to collapse from within. For forty years, he exercised more influence on foreign affairs than any other private citizen.As he weaves a fascinating narrative that follows these two rivals and friends from the beginning of the Cold War to its end, Thompson accomplishes something remarkable: he tells the story of our nation during the most dangerous half century in history.

The Mighty Hood


Ernle Bradford - 1977
     Launched in 1918, she spent the interwar years cruising the oceans of the world, the largest vessel afloat and a proud symbol of the Royal Navy. ‘The greatest and most graceful ship of her time, perhaps of any time, she was the last of the Leviathans — those mighty ships, whose movement upon the high seas had determined policy since the last quarter of the 19th century. A generation of British seamen had been trained in her. To millions of people she had represented British sea power and imperial might. With her passed not only a ship, but a whole era swept away on the winds of the world.’ Bradford tells the fascinating story of two ships coming out — the new Prince of Wales, and the old, world-famous Hood, whose history remained in the memories of all those who sailed on her. Their silhouettes visible now against the lines of the sea and the islands: the long sweep of their foredecks, the banked ramparts of their guns, and the hunched shoulders of bridges and control towers. We shall never see their like again, but no one who has ever watched them go by will forget the shudder that they raised along the spine. The big ships were somehow as moving as the pipes heard a long way off in the hills. There was always a kind of mist about them, a mist of sentiment and of power. Unlike aircraft, rockets, or nuclear bombs, they were a visible symbol of power allied with beauty — a rare combination. The thrilling history of a ship who battled the infamous Bismarck, inspired alliances and revenge in a time of great uncertainty and went out with a bang when her one fatal flaw was exploited... Ernle Bradford (1922-1986) was an historian who wrote books on naval battles and historical figures. Among his subjects were Lord Nelson, the Mary Rose, Christopher Columbus, Julius Caesar and Hannibal. He also documented his own voyages on the Mediterranean Sea.

Plutopia: Nuclear Families, Atomic Cities, and the Great Soviet and American Plutonium Disasters


Kate Brown - 2013
    To contain secrets, American and Soviet leaders created plutopias--communities of nuclear families living in highly-subsidized, limited-access atomic cities. Fully employed and medically monitored, the residents of Richland and Ozersk enjoyed all the pleasures of consumer society, while nearby, migrants, prisoners, and soldiers were banned from plutopia--they lived in temporary "staging grounds" and often performed the most dangerous work at the plant. Brown shows that the plants' segregation of permanent and temporary workers and of nuclear and non-nuclear zones created a bubble of immunity, where dumps and accidents were glossed over and plant managers freely embezzled and polluted. In four decades, the Hanford plant near Richland and the Maiak plant near Ozersk each issued at least 200 million curies of radioactive isotopes into the surrounding environment--equaling four Chernobyls--laying waste to hundreds of square miles and contaminating rivers, fields, forests, and food supplies. Because of the decades of secrecy, downwind and downriver neighbors of the plutonium plants had difficulty proving what they suspected, that the rash of illnesses, cancers, and birth defects in their communities were caused by the plants' radioactive emissions. Plutopia was successful because in its zoned-off isolation it appeared to deliver the promises of the American dream and Soviet communism; in reality, it concealed disasters that remain highly unstable and threatening today.An untold and profoundly important piece of Cold War history, Plutopia invites readers to consider the nuclear footprint left by the arms race and the enormous price of paying for it.

What Is Populism?


Jan-Werner Müller - 2014
    But what exactly is populism? Should everyone who criticizes Wall Street or Washington be called a populist? What precisely is the difference between right-wing and left-wing populism? Does populism bring government closer to the people or is it a threat to democracy? Who are "the people" anyway and who can speak in their name? These questions have never been more pressing.In this groundbreaking volume, Jan-Werner MUller argues that at populism's core is a rejection of pluralism. Populists will always claim that they and they alone represent the people and their true interests. MUller also shows that, contrary to conventional wisdom, populists can govern on the basis of their claim to exclusive moral representation of the people: if populists have enough power, they will end up creating an authoritarian state that excludes all those not considered part of the proper "people." The book proposes a number of concrete strategies for how liberal democrats should best deal with populists and, in particular, how to counter their claims to speak exclusively for "the silent majority" or "the real people."Analytical, accessible, and provocative, What Is Populism? is grounded in history and draws on examples from Latin America, Europe, and the United States to define the characteristics of populism and the deeper causes of its electoral successes in our time.

Plato at the Googleplex: Why Philosophy Won't Go Away


Rebecca Goldstein - 2014
    But Plato’s role in shaping philosophy was pivotal. On her way to considering the place of philosophy in our ongoing intellectual life, Goldstein tells a new story of its origin, re-envisioning the extraordinary culture that produced the man who produced philosophy. But it is primarily the fate of philosophy that concerns her. Is the discipline no more than a way of biding our time until the scientists arrive on the scene? Have they already arrived? Does philosophy itself ever make progress? And if it does, why is so ancient a figure as Plato of any continuing relevance? Plato at the Googleplex is Goldstein’s startling investigation of these conundra. She interweaves her narrative with Plato’s own choice for bringing ideas to life—the dialogue. Imagine that Plato came to life in the twenty-first century and embarked on a multicity speaking tour. How would he handle the host of a cable news program who denies there can be morality without religion?  How would he mediate a debate between a Freudian psychoanalyst and a tiger mom on how to raise the perfect child? How would he answer a neuroscientist who, about to scan Plato’s brain, argues that science has definitively answered the questions of free will and moral agency? What would Plato make of Google, and of the idea that knowledge can be crowd-sourced rather than reasoned out by experts? With a philosopher’s depth and a novelist’s imagination and wit, Goldstein probes the deepest issues confronting us by allowing us to eavesdrop on Plato as he takes on the modern world.(With black-and-white photographs throughout.)

On Full Automatic: Surviving 13 Months in Vietnam


William V. Taylor Jr. - 2021
    Taylor Jr. and his brother Marines are assembled into a new reaction force that is immediately tested in the fire of a bloody conflict known as Operation Beaver Cage. After a traumatic first fight, they push through back-to-back operations with little time to rest or reflect. Those who survive will return home ensnared by everlasting memories of a real, but entirely surreal nightmare. Now after more than fifty years of holding everything in, Taylor shares his experience in explicit and often horrific detail and with a reverent honor for those Marines who did not live to tell the tale.Taylor reveals what it truly means to walk the path of a warrior, to sacrifice, and to live a lifetime with the memories of a war—seeking answers to the question, “Was it worth it?"

Seeing Like a State: How Certain Schemes to Improve the Human Condition Have Failed


James C. Scott - 1998
    Why do well-intentioned plans for improving the human condition go tragically awry?In this wide-ranging and original book, James C. Scott analyzes failed cases of large-scale authoritarian plans in a variety of fields. Centrally managed social plans misfire, Scott argues, when they impose schematic visions that do violence to complex interdependencies that are not—and cannot—be fully understood. Further, the success of designs for social organization depends upon the recognition that local, practical knowledge is as important as formal, epistemic knowledge. The author builds a persuasive case against "development theory" and imperialistic state planning that disregards the values, desires, and objections of its subjects. He identifies and discusses four conditions common to all planning disasters: administrative ordering of nature and society by the state; a "high-modernist ideology" that places confidence in the ability of science to improve every aspect of human life; a willingness to use authoritarian state power to effect large- scale interventions; and a prostrate civil society that cannot effectively resist such plans.

The Globalization Paradox: Democracy and the Future of the World Economy


Dani Rodrik - 2010
    The economic narratives that underpinned these eras—the gold standard, the Bretton Woods regime, the "Washington Consensus"—brought great success and great failure. In this eloquent challenge to the reigning wisdom on globalization, Dani Rodrik offers a new narrative, one that embraces an ineluctable tension: we cannot simultaneously pursue democracy, national self-determination, and economic globalization. When the social arrangements of democracies inevitably clash with the international demands of globalization, national priorities should take precedence. Combining history with insight, humor with good-natured critique, Rodrik's case for a customizable globalization supported by a light frame of international rules shows the way to a balanced prosperity as we confront today's global challenges in trade, finance, and labor markets.

Guns, Crime, and Freedom


Wayne LaPierre - 1994
    Addressing every point of contention concerning the original intent of the 2nd Amendment, LaPierre illuminates the Amendment's modern implications and debunks the myth that gun ownership contributes to America's crime rate.

The Last British Dambuster: One Man's Extraordinary Life and the Raid that Changed History


George Johnny Johnson - 2014
         Johnny Johnson is 92 years old and one of very few men who can recall first-hand the most daring and ingenious air raid of all time. He can also vividly remember his childhood spent working on a farm with his controlling father, the series of events that led him to the RAF and the rigorous training that followed. But it was his decision to join 617 Squadron, and the consequences, that have truly stayed etched in his mind.    On May 16, 1943, Johnny, alongside 132 specially selected comrades, took off from Scampton airbase in Lincolnshire. For six weeks they had been trained to fulfil one mission that was near impossible: to destroy three dams deep within Germany's Ruhr Valley. It was a daring task but, against the odds, Johnny and his crew survived. Sadly, 53 comrades did not.   For the first time, Johnny relives every moment of that fatal night -- and the devastating aftermath. He recalls with unique wit and insight the difficult training conducted in secrecy, the race against time to release the bombs, and the sheer strength and bravery shown by a small unit faced with great adversity and uncertainty. Embodying a whole squadron, and leaving a lasting legacy for generations to come, Johnny's story is like no other.