J. O'Rourke gave a slap in the face to the American economy. In Parliament of Whores, he took a long, hard look at our government, wagging his finger at its inadequacies. Now fans and foes alike can find out what it's like to live with a self-proclaimed "political nut," in his latest, The CEO of the Sofa. Readers inclined to the political left, beware. With a sharp supporting cast of characters featuring his assistant, Max; his teenage godson, Nick; his wife, two kids, and their teenage babysitter, O'Rourke is at the top of his game, rambling and ranting on every topic from the United Nations to childcare, from Social Security to India -- all the while attempting not to offend his Democrat neighbors, especially "when they own a snow blower that I'm going to need to borrow." From the living room to the bedroom, the garage to the kitchen, O'Rourke explains why managers should refer to baby books in dealing with everyone from the regional sales director to the president of the United States (" 'You control him,' says Your One-Year-Old, 'by controlling the surroundings and by just not having too many things around that will get him into difficulty...' Interns for one."); and spreads the truth about how Social Security works ("There is no money in the Social Security trust fund, and there never was. Money is a government IOU. Government can't create a trust fund by saving its own IOUs anymore than I could create a trust fund by writing 'I get a chunk of cash when I turn 21' on a piece of paper"). With hallmark acidity, O'Rourke spares no rancor for Hillary Clinton, whom he calls a "she-ape from New York State," analyzing the arguments for why she may or may not be a dunce (Argument Contra Stupidity: "Partner in most prestigious law firm in Arkansas" / Argument Pro: "Examine phrase 'Most prestigious law firm in Arkansas' "); and tearing into her book, It Takes a Village ("Nearly everything about It Takes a Village is objectionable, from the title -- an ancient African proverb which seems to have its origins in the ancient African kingdom of Hallmarkcardia -- to the acknowledgements page where Mrs. Clinton fails to acknowledge that some poor journalism professor named Barbara Feinman did most of the work"). In a section divided into months from September 2000 to August 2001, readers are treated to a look at the humble home life of a political nut -- with glimpses of wine tasting with Chris Buckley, driving lessons with his godson, and his assistant Max's itemized update on current celebrities ("Just Between Max and PJ: [Will] Smith is talented, has a sense of humor, and you would, in fact, even like his music. Do not let this get out or it will ruin his career"). But while The CEO of the Sofa will give even the liberal a belly laugh at times, O'Rourke is not for the faint of heart, advising his readers, "It's important to remember that Democrats aren't just crazy, they're evil." In other words, if you can't take the heat, stay out of P. J. O'Rourke's kitchen. (Elise Vogel)

    Bridging this economic divide is New York’s underground economy, the invisible network of illicit transactions between rich and poor that secretly weaves together the whole city. Sudhir Venkatesh, acclaimed sociologist at Columbia University and author of Gang Leader for a Day, returns to the streets to connect the dots of New York’s divergent economic worlds and crack the code of the city’s underground economy. Based on Venkatesh’s interviews with prostitutes and socialites, immigrants and academics, high end drug bosses and street-level dealers, Floating City exposes the underground as the city’s true engine of social transformation and economic prosperity—revealing a wholly unprecedented vision of New York. A memoir of sociological investigation, Floating City draws from Venkatesh’s decade of research within the affluent communities of Upper East Side socialites and Midtown businessmen, the drug gangs of Harlem and the sex workers of Brooklyn, the artists of Tribeca and the escort services of Hell’s Kitchen. Venkatesh arrived in the city after his groundbreaking research in Chicago, where crime remained stubbornly local: gangs stuck to their housing projects and criminals stayed on their corners. But in Floating City, Venkatesh discovers that New York’s underground economy unites instead of divides inhabitants: a vast network of “off the books” transactions linking the high and low worlds of the city. Venkatesh shows how dealing in drugs and sex and undocumented labor bridges the conventional divides between rich and poor, unmasking a city knit together by the invisible threads of the underground economy. Planting himself squarely within this unexplored world, Venkatesh closely follows a dozen New Yorkers locked in the underground economy. Bangledeshi shop clerks like Manjun and Santosh navigate immense networks of illegal goods and services, connecting inquisitive tourists with sex workers and drug dealers. Hispanic prostitutes like Angela and Carla feel secure enough in the new city to leave their old neighborhoods behind in pursuit of bigger money, yet abandon all the safety they had when their clients were known locals. Rich uptown women like Analise and Brittany have the changing city at their beck and call, but both turn to sex work as an easy way to make ends meet without relying on their family fortunes. Venkatesh’s greatest guide is Shine, an African American drug boss based in Harlem who hopes to break into the elusive, upscale cocaine market. Without connections among wealthy whites, Shine undertakes an audacious campaign of self-reinvention, leaving behind the certainties of race and class with all the drive of the greatest entrepreneurs. As Shine explains to Venkatesh, “This is New York! We’re like hummingbirds, man. We go flower to flower. . . . Here, you need to float.”Floating City: A Rogue Sociologist Lost and Found in New York’s Underground Economy chronicles Venkatesh’s decade of discovery and loss in the shifting terrain of New York, where research subjects might disappear suddenly and new allies emerge by chance, where close friends might reveal themselves to be criminals of the lowest order. Propelled by Venkatesh’s numerous interviews and firsthand research, Floating City at its heart is a story of one man struggling to understand a complex global city constantly in the throes of becoming.Booklist "Venkatesh brings to life the underground economy of New York, where rich and poor and varying ethnicities and backgrounds meet and function while they “float.” An enlightening book."Kirkus "Displays a piercing sense of empathy and ability to translate dry sociological principles into an understanding of the difficult lives of the urban poor... Venkatesh has established a singular voice in urban sociology, and his immersive research and insights remain penetrating and unique. "

    Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the aisle rant and the citizenry fumes, the more things seem to remain the same. In White House Burning, Simon Johnson and James Kwak—authors of the national best seller 13 Bankers and cofounders of The Baseline Scenario, a widely cited blog on economics and public policy—demystify the national debt, explaining whence it came and, even more important, what it means to you and to future generations. They tell the story of the Founding Fathers’ divisive struggles over taxes and spending. They chart the rise of the almighty dollar, which makes it easy for the United States to borrow money. They account for the debasement of our political system in the 1980s and 1990s, which produced today’s dysfunctional and impotent Congress. And they show how, if we persist on our current course, the national debt will harm ordinary Americans by reducing the number of jobs, lowering living standards, increasing inequality, and forcing a sudden and drastic reduction in the government services we now take for granted. But Johnson and Kwak also provide a clear and compelling vision for how our debt crisis can be solved while strengthening our economy and preserving the essential functions of government. They debunk the myth that such crucial programs as Social Security and Medicare must be slashed to the bone. White House Burning looks squarely at the burgeoning national debt and proposes to defuse its threat to our well-being without forcing struggling middle-class families and the elderly into poverty. Carefully researched and informed by the same compelling storytelling and lucid analysis as 13 Bankers, White House Burning is an invaluable guide to the central political and economic issue of our time. It is certain to provoke vigorous debate.

    New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America

    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.

    “One of America’s finest political commentators” (Michael J. Sandel), Tomasky ranges across centuries and disciplines to show how America has almost always had two dominant parties that are existentially, and often violently, opposed. When he turns to our current era, he does so with striking insight that will challenge readers to reexamine what they thought they knew. Finally, not content merely to diagnose these problems, Tomasky offers a provocative agenda for how we can help fix our broken political system—from ranked-choice voting and at-large congressional elections to expanding high school civics education nationwide.Combining revelatory data with trenchant analysis, Tomasky tells us how the nation broke apart and points us toward a more hopeful political future.

    The metamorphosis is partially visible in the ascendance of glittering, coastal hubs for finance, infotech, and the so-called creative class. But this is only the tip of an economic iceberg, the bulk of which lies in the darkness of the declining heartland or on the dimly lit fringe of sprawling cities. This is America’s hinterland, populated by towering grain threshers and hunched farmworkers, where laborers drawn from every corner of the world crowd into factories and “fulfillment centers” and where cold storage trailers are filled with fentanyl-bloated corpses when the morgues cannot contain the dead. Urgent and unsparing, this book opens our eyes to America’s new heart of darkness. Driven by an ever-expanding socioeconomic crisis, America’s class structure is recomposing itself in new geographies of race, poverty, and production. The center has fallen. Riots ricochet from city to city led by no one in particular. Anarchists smash financial centers as a resurgent far right builds power in the countryside. Drawing on his direct experience of recent popular unrest, from the Occupy movement to the wave of riots and blockades that began in Ferguson, Missouri, Phil A. Neel provides a close-up view of this landscape in all its grim but captivating detail. Inaugurating the new Field Notes series, published in association with the Brooklyn Rail, Neel’s book tells the intimate story of a life lived within America’s hinterland.

    Many have speculated about what might have happened or what must have happened, but no reporter has been able to get the full story -- until now.In The Wizard of Lies, Diana B. Henriques of The New York Times -- who has led the paper’s coverage of the Madoff scandal since the day the story broke -- has written the definitive book on the man and his scheme, drawing on unprecedented access and more than one hundred interviews with people at all levels and on all sides of the crime, including Madoff’s first interviews for publication since his arrest. Henriques also provides vivid details from the various lawsuits, government investigations, and court filings that will explode the myths that have come to surround the story.A true-life financial thriller, The Wizard of Lies contrasts Madoff's remarkable rise on Wall Street, where he became one of the country’s most trusted and respected traders, with dramatic scenes from his accelerating slide toward self-destruction. It is also the most complete account of the heartbreaking personal disasters and landmark legal battles triggered by Madoff’s downfall -- the suicides, business failures, fractured families, shuttered charities -- and the clear lessons this timeless scandal offers to Washington, Wall Street, and Main Street.

    In the past two decades, deaths of despair from suicide, drug overdose, and alcoholism have risen dramatically, and now claim hundreds of thousands of American lives each year--and they're still rising. Anne Case and Angus Deaton, known for first sounding the alarm about deaths of despair, explain the overwhelming surge in these deaths and shed light on the social and economic forces that are making life harder for the working class. They demonstrate why, for those who used to prosper in America, capitalism is no longer delivering.Deaths of Despair and the Future of Capitalism paints a troubling portrait of the American dream in decline. For the white working class, today's America has become a land of broken families and few prospects. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. In this critically important book, Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and, above all, to a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. Capitalism, which over two centuries lifted countless people out of poverty, is now destroying the lives of blue-collar America.This book charts a way forward, providing solutions that can rein in capitalism's excesses and make it work for everyone.

    Here he found once strong, independent farmers so reduced in dignity, sick, sullen, and defeated that they had been cast down to a kind of subhumanity. He contrasts their misery with the hope offered by government resettlement camps, where self-help communities were restoring dignity and indeed saving lives. The Harvest Gypsies gives us an eyewitness account of the horrendous Dust Bowl migration and provides the factual foundation for Steinbeck's masterpiece, The Grapes of Wrath. Included are twenty-two photographs by Dorothea Lange and others, many of which accompanied Steinbeck's original articles.

    He warns that fundamentalists are deliberately blurring the lines between politics and religion. As a believing Christian, Carter takes on issues that are under fierce debate -- women's rights, terrorism, homosexuality, civil liberties, abortion, the death penalty, science and religion, environmental degradation, nuclear arsenals, preemptive war, and America's global image.

    Neither sentimental nor despairing, the book tells the story of the systematic dismantling of laws protecting the environment, labor unions, voting rights, and public education through the remarkable battles of ordinary citizens fighting to reclaim Wisconsin’s progressive legacy.

    A New York Times Notable Book of 2017For most of Western history, Sitaraman argues, constitutional thinkers assumed economic inequality was inevitable and inescapable--and they designed governments to prevent class divisions from spilling over into class warfare. The American Constitution is different. Compared to Europe and the ancient world, America was a society of almost unprecedented economic equality, and the founding generation saw this equality as essential for the preservation of America's republic. Over the next two centuries, generations of Americans fought to sustain the economic preconditions for our constitutional system. But today, with economic and political inequality on the rise, Sitaraman says Americans face a choice: Will we accept rising economic inequality and risk oligarchy or will we rebuild the middle class and reclaim our republic?The Crisis of the Middle-Class Constitution is a tour de force of history, philosophy, law, and politics. It makes a compelling case that inequality is more than just a moral or economic problem; it threatens the very core of our constitutional system.

    To understand Greenspan's story is to see the economic and political landscape of the last 30 years--and the presidency from Reagan to George W. Bush--in a whole new light. As the most influential economic statesman of his age, Greenspan spent a lifetime grappling with a momentous shift: the transformation of finance from the fixed and regulated system of the post-war era to the free-for-all of the past quarter century. The story of Greenspan is also the story of the making of modern finance, for good and for ill.    Greenspan's life is a quintessential American success story: raised by a single mother in the Jewish émigré community of Washington Heights, he was a math prodigy who found a niche as a stats-crunching consultant. A master at explaining the economic weather to captains of industry, he translated that skill into advising Richard Nixon in his 1968 campaign. This led to a perch on the White House Council of Economic Advisers, and then to a dazzling array of business and government roles, from which the path to the Fed was relatively clear. A fire-breathing libertarian and disciple of Ayn Rand in his youth who once called the Fed's creation a historic mistake, Mallaby shows how Greenspan reinvented himself as a pragmatist once in power. In his analysis, and in his core mission of keeping inflation in check, he was a maestro indeed, and hailed as such. At his retirement in 2006, he was lauded as the age's necessary man, the veritable God in the machine, the global economy's avatar. His memoirs sold for record sums to publishers around the world.   But then came 2008. Mallaby's story lands with both feet on the great crash which did so much to damage Alan Greenspan's reputation. Mallaby argues that the conventional wisdom is off base: Greenspan wasn't a naïve ideologue who believed greater regulation was unnecessary. He had pressed for greater regulation of some key areas of finance over the years, and had gotten nowhere. To argue that he didn't know the risks in irrational markets is to miss the point. He knew more than almost anyone; the question is why he didn't act, and whether anyone else could or would have. A close reading of Greenspan's life provides fascinating answers to these questions, answers whose lessons we would do well to heed. Because perhaps Mallaby's greatest lesson is that economic statesmanship, like political statesmanship, is the art of the possible. The Man Who Knew is a searching reckoning with what exactly comprised the art, and the possible, in the career of Alan Greenspan.

    Ellison went on to earn many other honors, including two presidential medals and election to the American Academy of Arts and Letters, but his failure to publish a second novel, despite years of striving, haunted him for the rest of his life. Now, as the first scholar given complete access to Ellison's papers, Arnold Rampersad has written not only a reliable account of the main events of Ellison's life but also a complex, authoritative portrait of an unusual artist and human being. Born poor and soon fatherless in 1913, Ralph struggled both to belong to and to escape from the world of his childhood. We learn here about his sometimes happy, sometimes harrowing years growing up in Oklahoma City and attending Tuskegee Institute in Alabama. Arriving in New York in 1936, he became a political radical before finally embracing the cosmopolitan intellectualism that would characterize his dazzling cultural essays, his eloquent interviews, and his historic novel. The second half of his long life brought both widespread critical acclaim and bitter disputes with many opponents, including black cultural nationalists outraged by what they saw as his elitism and misguided pride in his American citizenship. This biography describes a man of magnetic personality who counted Saul Bellow, Langston Hughes, Robert Penn Warren, Richard Wright, Richard Wilbur, Albert Murray, and John Cheever among his closest friends; a man both admired and reviled, whose life and art were shaped mainly by his unyielding desire to produce magnificent art and by his resilient faith in the moral and cultural strength of America. A magisterial biography of Ralph Waldo Ellison--a revelation of the man, the writer, and his times.