Book picks similar to
The Myth of Natural Monopoly by Thomas J. DiLorenzo
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Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL
Roger L. Martin - 2011
And it’s getting worse. Since the turn of the twenty-first century, we’ve seen two massive value-destroying market meltdowns and a string of ethics breaches, including accounting scandals, options-backdating schemes, and the subprime mortgage debacle.Just what is going on here? Is it the inevitable decline of the American economy? Is it the new normal in a technology-enabled global marketplace? Or is it possible that the very theories we’ve embraced to underpin our capital markets are actually producing these crises?In Fixing the Game, Roger Martin reveals the culprit behind the sorry state of American capitalism: our deep and abiding commitment to the idea that the purpose of the firm is to maximize shareholder value. This theory has led to a massive growth in stock-based compensation for executives and, through this, to a naive and wrongheaded linking of the real market—the business of designing, making, and selling products and services—with the expectations market—the business of trading stocks, options, and complex derivatives. Martin shows how this tight coupling has been engineered and lays out its results: a single-minded focus on the expectations market that will continue driving us from crisis to crisis—unless we act now.Using the National Football League as his primary example, Martin illustrates that it is possible to take a much more thoughtful and effective approach than we now do to the intersection of the real and the expectations markets and to governance in general in the capital markets. Martin shows how we can act to end the destructive cycle, including:• Restructuring executive compensation to focus entirely on the real market, not the expectations market• Rethinking the meaning of board governance and role of board members• Reining in the power of hedge funds and monopoly pension fundsConcise, hard-hitting, and entertaining, Fixing the Game advocates seizing American capitalism from the jaws of the expectations market and planting it firmly in the real market—and it presents the steps we must take now to do so.
A History of Capitalism, 1500-2000
Michel Beaud - 1981
From that moment on, capitalism grew and expanded with a dynamism and adaptability that are now all too familiar, profiting from wars and even managing to rebound after a series of devastating economic crises. In this highly-anticipated revised edition of the 1981 classic, Beaud extends one of the major strengths of the original: the interweaving of social, political, and economic factors in the context of history. At the same time, Beaud's analysis provides a realistic and thorough examination of the developments of capitalism in the last twenty years, including globalization, the accelerating speed of capital transfer, and the collapse of the Soviet empire and the subsequent absorption of its population into the world market. This new edition also offers a completely revised format that integrates diagrams and flow-charts not previously available in the English-language edition.
Honest Money: Biblical Principles of Money and Banking
Gary North - 1986
Government debt is skyrocketing. Currencies are collapsing. Banks are going broke. Businesses are folding. Families are struggling. We've been stranded, sitting on top of a mountain of IOU' that will never be paid off. Most professional economists don't know what to do. Neither do most professional theologians. They don't have answers. But the Bible does. In this book, Dr. Gary North outlines specifically what those answers are. He demonstrates beyond any shadow of a doubt that there is hope. If we act quickly, wisely and scripturally, we can save our nation-indeed, Western Civilization-from the most disastrous economic catastrophe in history. The Bible tells us what to do, when, where, how, and why. It offers a "blueprint" for financial victory. Honest Money lays out that "blueprint" simply, practically, and understandably. It shows us how we can "move mountains."
Football Leaks: Uncovering the Dirty Deals Behind the Beautiful Game
Rafael Buschmann - 2018
These documents reveal the clandestine dealings of clubs, players and agents at the highest echelons of international football. And the story they tell is astonishing.From the eye-popping details of player transfers including Neymar Jr, Pogba and Coutinho, to the loopholes and opaque tax structures that ensure maximum earnings for players and agents alike, this is a tale rife with rapacious greed and questionable deals. At the same time, it is the gripping story of a fan who wanted to free football from its corrupt overlords - and now finds himself on the run.
Makers and Takers: The Rise of Finance and the Fall of American Business
Rana Foroohar - 2016
Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Drawing on in-depth reporting and exclusive interviews at the highest rungs of Wall Street and Washington, Time assistant managing editor and economic columnist Rana Foroohar shows how the “financialization of America” - the trend by which finance and its way of thinking have come to reign supreme - is perpetuating Wall Street's reign over Main Street, widening the gap between rich and poor, and threatening the future of the American Dream. Policy makers get caught up in the details of regulating “Too Big To Fail” banks, but the problems in our market system go much broader and deeper than that. Consider that: · Thanks to 40 years of policy changes and bad decisions, only about 15 % of all the money in our market system actually ends up in the real economy – the rest stays within the closed loop of finance itself. · The financial sector takes a quarter of all corporate profits in this country while creating only 4 % of American jobs. · The tax code continues to favor debt over equity, making it easier for companies to hoard cash overseas rather than reinvest it on our shores. · Our biggest and most profitable corporations are investing more money in stock buybacks than in research and innovation. · And, still, the majority of the financial regulations promised after the 2008 meltdown have yet come to pass, thanks to cozy relationship between our lawmakers and the country’s wealthiest financiers. Exploring these forces, which have have led American businesses to favor balancing-sheet engineering over the actual kind and the pursuit of short-term corporate profits over job creation, Foroohar shows how financialization has so gravely harmed our society, and why reversing this trend is of grave importance to us all. Through colorful stories of both "Takers” and "Makers,” she’ll reveal how we change the system for a better and more sustainable shared economic future.
How Will Capitalism End? Essays on a Failing System
Wolfgang Streeck - 2016
Growth has given way to stagnation; inequality is leading to instability; and confidence in the money economy has all but evaporated.In How Will Capitalism End?, the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that the world is about to change. The marriage between democracy and capitalism, ill-suited partners brought together in the shadow of World War Two, is coming to an end. The regulatory institutions that once restrained the financial sector’s excesses have collapsed and, after the final victory of capitalism at the end of the Cold War, there is no political agency capable of rolling back the liberalization of the markets.Ours has become a world defined by declining growth, oligarchic rule, a shrinking public sphere, institutional corruption and international anarchy, and no cure to these ills is at hand.
Art of Stock Investing: Leverage on great companies, churning more and more profits every year
Manikandan Ramalingam - 2017
Leverage on great companies, churning more and more profits every year
The House on Rosebank Lane: A powerful saga of a mother's love and determination in 1950s Edinburgh
Millie Gray - 2019
Kirsten Mowat, eighteen years old and with a joyful spring in her step, could't be more in love with her sea-faring sweetheart Duncan Armstrong.But, seven years later – after a hasty wedding, a twist of lies and wrenching loss – Duncan and Kirsten's relationship has faded to tatters. When those closest to her turn their backs, Kirsten – alone, with a young family to care for – must gather all her spirit and strength if they are to survive.From much-loved Millie Gray, The House on Rosebank Lane is an Edinburgh story of families entwined, of sorrow and hopefulness . . . and of a young mother's love for her children and a transforming quest for happiness.A poignant and authentic family saga which depicts the reality of working-class life in 1950s Edinburgh, perfect for fans of Annie Murray (Sisters of Gold), Jennifer Worth (Call the Midwife) and Dilly Court (Nettie's Secret).
PRAISE FOR THE HOUSE ON ROSEBANK LANE:
"A deserted mother's struggles to survive and help her children thrive no matter the cost. Millie Gray's fast-moving story, set in the Edinburgh of the 1950s and 60s, is an emotional rollercoaster, full of twists and surprises . . ."– ANNIE MURRAY, bestselling author of Sisters of Gold
The Holiday Gift & A Cold Creek Noel (The Cowboys of Cold Creek)
RaeAnne Thayne - 2016
Coming soon! The Holiday Gift & A Cold Creek Noel by RaeAnne Thayne,RaeAnne Thayne will be available Nov 22, 2016.
Powering the Future
Robert B. Laughlin - 2011
Laughlin transports us two centuries into the future, when we've ceased to use carbon from the ground--either because humans have banned carbon burning or because fuel has simply run out. Boldly, Laughlin predicts no earth-shattering transformations will have taken place. Six generations from now, there will still be soccer moms, shopping malls, and business trips. Firesides will still be snug and warm.How will we do it? Not by discovering a magic bullet to slay our energy problems, but through a slew of fascinating technologies, drawing on wind, water, and fire. Powering the Future is an objective yet optimistic tour through alternative fuel sources, set in a world where we've burned every last drop of petroleum and every last shovelful of coal.The Predictable:
Fossil fuels will run out.
The present flow of crude oil out of the ground equals in one day the average flow of the Mississippi River past New Orleans in thirteen minutes. If you add the energy equivalents of gas and coal, it's thirty-six minutes. At the present rate of consumption, we'll be out of fossil fuels in two centuries' time. We always choose the cheapest gas. From the nineteenth-century consolidation of the oil business to the California energy crisis of 2000-2001, the energy business has shown, time and again, how low prices dominate market share. Market forces--not green technology--will be the driver of energy innovation in the next 200 years.
The laws of physics remain fixed.
Energy will still be conserved, degrade entropically with use, and have to be disposed of as waste heat into outer space. How much energy a fuel can pack away in a given space is fixed by quantum mechanics--and if we want to keep flying jet planes, we will need carbon-based fuels. The Potential:
Animal waste.
If dried and burned, the world's agricultural manure would supply about one-third as much energy as all the coal we presently consume.
Trash.
The United States disposes of 88 million tons of carbon in its trash per year. While the incineration of waste trash is not enough to contribute meaningfully to the global demand for energy, it will constrain fuel prices by providing a cheap supply of carbon.
Solar energy.
The power used to light all the cities around the world is only one-millionth of the total power of sunlight pouring down on earth's daytime side. And the amount of hydropump storage required to store the world's daily electrical surge is equal to only eight times the volume of Lake Mead. PRAISE FOR ROBERT B. LAUGHLIN -Perhaps the most brilliant theoretical physicist since Richard Feynman---George Chapline, Lawrence Livermore National Laboratory -Powerful but controversial.--- Financial Times -[Laughlin's] company ... is inspirational.- --New Scientist
The Mind of the Market: Compassionate Apes, Competitive Humans, and Other Tales from Evolutionary Economics
Michael Shermer - 2007
Drawing on the new field of neuroeconomics, Shermer investigates what brain scans reveal about bargaining, snap purchases, and establishing trust in business. He scrutinizes experiments in behavioral economics to understand why people hang on to losing stocks, why negotiations disintegrate into tit-for-tat disputes, and why money does not make us happy. He brings together astonishing findings from psychology, biology, and other sciences to describe how our tribal ancestry makes us suckers for brands, why researchers believe cooperation unleashes biochemicals similar to those released during sex, why free trade promises to build alliances between nations, and how even capuchin monkeys get indignant if they don't get a fair reward for their work.
The Heretic's Guide to Global Finance: A Guide to Creative Financial Activism
Brett Scott - 2013
The Heretic's Guide to Global Finance aims to bridge the gap between protest slogans and practical proposals for reform.As a stockbroker turned campaigner, Brett Scott has a unique understanding of life inside and outside the system. The Heretic's Guide to Global Finance is a practical handbook for campaigners, academics and students who wish to deepen their understanding of the inner workings of the financial sector. It shows how financial knowledge can be used to build effective social and environmental campaigns.Scott covers topics frequently overlooked, such as the cultural aspects of the financial sector, and considers major issues such as agricultural speculation, carbon markets and tar sands financing. The book shows how activists can use the internal dynamics of the sector to reform it and showcases the growing alternative finance movement.
Ripping Off Black Music (Singles Classic)
Margo Jefferson - 2016
Black music and with it the private black self were suddenly grossly public—tossed onstage, dressed in clown white, and bandied about with a gleeful arrogance that just yesterday had chosen to ignore and condescend.Blacks, it seemed, had lost the battle for mythological ownership of rock, as future events would prove.Written more than 40 years ago with astonishing prescience, celebrated critic and memoirist Margo Jefferson’s Ripping Off Black Music—her first published essay—is at once unflinchingly honest and dead-on in its critique of appropriation in popular music, from Chuck Berry to Elvis, Jimi Hendrix to the Beatles. Features an introduction by the author.Ripping Off Black Music was originally published in Harper’s, January 1973. Cover design by Adil Dara.
John Wayne: The Westerns
David Morrell - 2012
He’s also a former professor of American Studies who writes in-depth profiles about film and music legends who changed our culture.Few film actors had the lasting popularity of John Wayne, especially in westerns. During his lifetime, Wayne was a top-ten box office star for twenty-four years. Three decades after his death, a 2012 Harris poll continued to place him among the top 5 most-liked film actors. In this comprehensive essay, award-winner David Morrell analyzes Wayne’s career in westerns and explores his fascinating personality, including his Latin studies in high school and his skills as a chess player. Even Wayne’s most knowledgeable fans will be surprised by this insightful study.Morrell’s fascination with Wayne motivated him to use this iconic actor as the inspiration for the main character of a historical novel LAST REVEILLE, which dramatizes America’s 1916 invasion of Mexico, supposedly to pursue the Mexican bandit, Pancho Villa, but actually to practice military exercises for America’s entry into World War I.Critical reaction:“John Wayne: the name still conjures political reaction and cinematic fascination. In this excellent e-essay, author David Morrell (First Blood) presents a thorough and evenhanded consideration of Wayne and his Westerns, from THE BIG TRAIL (1930) to THE SHOOTIST (1976). He’s precise about the narrative problems in THE SEARCHERS, insightful regarding the remarkable emotional range Wayne demonstrates in THE MAN WHO SHOT LIBERTY VALANCE, and mystified at the meaning critics find in RIO BRAVO. While also examining Wayne’s drinking (16 martinis before a Thanksgiving dinner), smoking (five packs a day on THE ALAMO) and expertise as a chess player, Morrell allows us to appreciate and understand how Wayne, ‘an undeniable phenomenon,’ helped create that unique film category: John Wayne Westerns.”—Tom Clagett, ROUNDUP MAGAZINE (WESTERN WRITERS OF AMERICA)David Morrell is the award-winning author of First Blood, the novel in which Rambo was created. A former professor of American literature at the University of Iowa, he has written numerous New York Times bestsellers, including the classic Brotherhood of the Rose spy trilogy. The main character in Morrell’s western novel, Last Reveille, was inspired by Wayne’s career. “David Morrell is, to me, the finest thriller writer living today, bar none.”—Steve Berry, New York Times bestselling author of The Columbus Affair“Morrell, an absolute master of the thriller, plays by his on rules and leaves you dazzled.”—Dean Koontz, New York Times bestselling author of 77 Shadow Street
Small Is Beautiful: Economics as if People Mattered
Ernst F. Schumacher - 1973
Schumacher's riveting, richly researched statement on sustainability has become more relevant and vital with each year since its initial groundbreaking publication during the 1973 energy crisis. A landmark statement against "bigger is better" industrialism, Schumacher's Small Is Beautiful paved the way for twenty-first century books on environmentalism and economics, like Jeffrey Sachs's The End of Poverty, Paul Hawken's Natural Capitalism, Mohammad Yunis's Banker to the Poor, and Bill McKibben's Deep Economy. This timely reissue offers a crucial message for the modern world struggling to balance economic growth with the human costs of globalization.