Book picks similar to
The Economic Weapon: The Rise of Sanctions as a Tool of Modern War by Nicholas Mulder
economics
history
politics
non-fiction
The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance
Ron Chernow - 1990
Acclaimed by The Wall Street Journal as "brilliantly researched and written," the book tells the rich, panoramic story of four generations of Morgans and the powerful, secretive firms they spawned. It is the definitive account of the rise of the modern financial world. A gripping history of banking and the booms and busts that shaped the world on both sides of the Atlantic, The House of Morgan traces the trajectory of the J. P. Morgan empire from its obscure beginnings in Victorian London to the crash of 1987. Ron Chernow paints a fascinating portrait of the private saga of the Morgans and the rarefied world of the American and British elite in which they moved. Based on extensive interviews and access to the family and business archives, The House of Morgan is an investigative masterpiece, a compelling account of a remarkable institution and the men who ran it, and an essential book for understanding the money and power behind the major historical events of the last 150 years.
Imperial Life in the Emerald City: Inside Iraq's Green Zone
Rajiv Chandrasekaran - 2006
Most Iraqis were barred from entering the Emerald City for fear they would blow it up. Drawing on hundreds of interviews and internal documents, Chandrasekaran tells the story of the people and ideas that inhabited the Green Zone during the occupation, from the imperial viceroy L. Paul Bremer III to the fleet of twentysomethings hired to implement the idea that Americans could build a Jeffersonian democracy in an embattled Middle Eastern country. In the vacuum of postwar planning, Bremer ignores what Iraqis tell him they want or need and instead pursues irrelevant neoconservative solutions—a flat tax, a sell-off of Iraqi government assets, and an end to food rationing. His underlings spend their days drawing up pie-in-the-sky policies, among them a new traffic code and a law protecting microchip designs, instead of rebuilding looted buildings and restoring electricity production. His almost comic initiatives anger the locals and help fuel the insurgency. Chandrasekaran details Bernard Kerik’s ludicrous attempt to train the Iraqi police and brings to light lesser known but typical travesties: the case of the twenty-four-year-old who had never worked in finance put in charge of reestablishing Baghdad’s stock exchange; a contractor with no previous experience paid millions to guard a closed airport; a State Department employee forced to bribe Americans to enlist their help in preventing Iraqi weapons scientists from defecting to Iran; Americans willing to serve in Iraq screened by White House officials for their views on Roe v. Wade; people with prior expertise in the Middle East excluded in favor of lesser-qualified Republican Party loyalists. Finally, he describes Bremer’s ignominious departure in 2004, fleeing secretly in a helicopter two days ahead of schedule. This is a startling portrait of an Oz-like place where a vital aspect of our government’s folly in Iraq played out. It is a book certain to be talked about for years to come.
China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle
Dinny McMahon - 2018
While stories of newly built but empty cities, white elephant state projects, and a byzantine shadow banking system, have all become a regular fixture in the press in recent years, McMahon goes beyond the headlines to explain how such waste has been allowed to flourish, and why one of the most powerful governments in the world has been at a loss to stop it.Through the stories of ordinary Chinese citizens, McMahon tries to make sense of the unique--and often bizarre--mechanics of the Chinese economy, whether it be the state's addiction to appropriating land from poor farmers; or why a Chinese entrepreneur decided it was cheaper to move his yarn factory to South Carolina; or why ambitious Chinese mayors build ghost cities; or why the Chinese bureaucracy was able to stare down Beijing's attempts to break up the state's pointless monopoly over the distribution of table salt.Debt, entrenched vested interests, a frenzy of speculation, and an aging population are all pushing China toward an economic reckoning. China's Great Wall of Debt unravels an incredibly complex and opaque economy, one whose fortunes--for better or worse--will shape the globe like never before.
Capitalism and Freedom
Milton Friedman - 1962
The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of becoming more and more influential as time goes on.
Chaos Under Heaven: Trump, Xi, and the Battle for the Twenty-First Century
Josh Rogin - 2021
Donald Trump’s surprise electoral victory shattered the fragile understanding between Washington and Beijing, putting the most important relationship of the twenty-first century in the hands of a novice who had bitterly attacked China from the campaign trail. Almost as soon as he entered office, Trump brought to a boil the long-simmering rivalry between the two countries, while also striking up a “friendship” with Chinese president Xi Jinping — whose manipulations of his American counterpart would undermine the White House’s already disjointed response to the historic challenge of a rising China. All the while, Trump’s own officials fought to steer U.S. policy from within. By the time the COVID-19 pandemic erupted in Wuhan, Trump’s love-hate relationship with Xi had sparked a trade war, while Xi’s aggression had pushed the world to the brink of a new Cold War. But their quarrel had also forced a long-overdue reckoning within the United States over China’s audacious foreign-influence operations, horrific human rights abuses, and creeping digital despotism. Ironically, this awakening was one of the biggest foreign-policy victories of Trump’s fractious term in office. Filled with shocking revelations drawn from Josh Rogin’s unparalleled access to top U.S. officials from the White House and deep within the country’s foreign policy machine, Chaos Under Heaven reveals an administration at war with itself during perhaps our most urgent hour.
The Cold War: A New History
John Lewis Gaddis - 2005
Drawing on newly opened archives and the reminiscences of the major players, John Lewis Gaddis explains not just what happened but why—from the months in 1945 when the U.S. and the U.S.S.R. went from alliance to antagonism to the barely averted holocaust of the Cuban Missile Crisis to the maneuvers of Nixon and Mao, Reagan and Gorbachev. Brilliant, accessible, almost Shakespearean in its drama, The Cold War stands as a triumphant summation of the era that, more than any other, shaped our own.
The WEIRDest People in the World: How the West Became Psychologically Peculiar and Particularly Prosperous
Joseph Henrich - 2020
If so, you’re rather psychologically peculiar.Unlike much of the world today, and most people who have ever lived, WEIRD people are highly individualistic, self-obsessed, control-oriented, nonconformist, and analytical. They focus on themselves—their attributes, accomplishments, and aspirations—over their relationships and social roles. How did WEIRD populations become so psychologically distinct? What role did these psychological differences play in the industrial revolution and the global expansion of Europe during the last few centuries?In The WEIRDest People in the World, Joseph Henrich draws on cutting-edge research in anthropology, psychology, economics, and evolutionary biology to explore these questions and more. He illuminates the origins and evolution of family structures, marriage, and religion, and the profound impact these cultural transformations had on human psychology. Mapping these shifts through ancient history and late antiquity, Henrich reveals that the most fundamental institutions of kinship and marriage changed dramatically under pressure from the Roman Catholic Church. It was these changes that gave rise to the WEIRD psychology that would coevolve with impersonal markets, occupational specialization, and free competition—laying the foundation for the modern world.Provocative and engaging in both its broad scope and its surprising details, The WEIRDest People in the World explores how culture, institutions, and psychology shape one another, and explains what this means for both our most personal sense of who we are as individuals and also the large-scale social, political, and economic forces that drive human history.
Include black-and-white illustrations.
Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics
Henry Hazlitt - 1946
But it is also much more, having become a fundamental influence on modern “libertarian” economics of the type espoused by Ron Paul and others.Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy.Many current economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson, every bit as relevant and valuable today as it has been since publication.
Governing the World: The Rise and Fall of an Idea, 1815 to the Present
Mark Mazower - 2012
But how could sovereign nations be made to share power and learn to look beyond their own narrow interests? The old monarchs had one idea. Mazzini and the partisans of nationalist democracy had another, and so did Marx and the radical Left. It is an argument that has raged for two hundred years now, and Mark Mazower tells its history enthrallingly in Governing the World. With each era, the stakes have grown higher as the world has grown smaller and the potential rewards to cooperation and damage from conflict have increased.As Mark Mazower shows us, each age’s dominant power has set the tune, and for nearly a century that tune has been sung in English. He begins with Napoleon’s defeat, in 1815, when England, Russia, Austria, and Prussia formed the Concert of Europe. Against this, there emerged many of the ideas that would shape the international institutions of the twentieth century–liberal nationalism, communism, the expertise of the scientist and the professional international lawyers. Mazower traces these ideas into the Great War through to the League of Nations. He explains how the League collapsed when confronted by the atrocities of the Third Reich, and how a more hard-nosed approach to international governance emerged in its wake.The United Nations appeared in the aftermath of Pearl Harbor, and a war-fighting alliance led by Great Britain and the United States was ultimately what transformed into an international peacetime organization. Mazower examines the ideas that shaped the UN, the compromises and constraints imposed by the Cold War and its transformation in the high noon of decolonization. The 1970s ushered in a sea change in attitudes to international government through the emergence of a vision of globalized capitalism in the 1970s that marginalized the UN itself and utilized bodies like the World Bank, the International Monetary Fund, and the World Trade Organization—the final acts of Anglo- American institution-building.But the sun is setting on Anglo-American dominance of the world’s great international institutions. We are at the end of an era, Mazower explains, and we are passing into a new age of global power relations, a shift whose outcome is still very much in question.
The Invention of Russia: From Gorbachev's Freedom to Putin's War
Arkady Ostrovsky - 2015
So how did we go from the promise of those heady days to the autocratic police state of Putin’s new Russia? The Invention of Russia is a breathtakingly ambitious book that reaches back to the darkest days of the cold war to tell the story of the fight for the soul of a nation. With the deep insight only possible of a native son, Ostrovsky introduces us to the propagandists, oligarchs, and fixers who have set Russia’s course since the collapse of the Soviet Union, inventing a new and more ominous identity for a country where ideas are all too often wielded like a cudgel. The Soviet Union yoked together dreamers and strongmen—those who believed in an egalitarian ideal and those who pushed for an even more powerful state. The new Russia is a cynical operation, where perpetual fear and war are fueled by a web of lies, as television presenters peddle the invasion of Ukraine and goad Putin to go nuclear. Twenty-five years after the Soviet flag came down over the Kremlin, Russia and America are again heading toward a confrontation—but this course was far from inevitable. With this riveting account of how we got here—of the many mistakes and false promises—Ostrovsky emerges as Russia’s most gifted chronicler.
The Cold War: A World History
Odd Arne Westad - 2017
But in this major new work, Bancroft Prize-winning scholar Odd Arne Westad argues that the Cold War must be understood as a global ideological confrontation, with early roots in the Industrial Revolution and ongoing repercussions around the world.In The Cold War, Westad offers a new perspective on a century when great power rivalry and ideological battle transformed every corner of our globe. From Soweto to Hollywood, Hanoi, and Hamburg, young men and women felt they were fighting for the future of the world. The Cold War may have begun on the perimeters of Europe, but it had its deepest reverberations in Asia, Africa, and the Middle East, where nearly every community had to choose sides. And these choices continue to define economies and regimes across the world.Today, many regions are plagued with environmental threats, social divides, and ethnic conflicts that stem from this era. Its ideologies influence China, Russia, and the United States; Iraq and Afghanistan have been destroyed by the faith in purely military solutions that emerged from the Cold War.Stunning in its breadth and revelatory in its perspective, this book expands our understanding of the Cold War both geographically and chronologically, and offers an engaging new history of how today’s world was created.
Economic Facts and Fallacies
Thomas Sowell - 2007
These include many beliefs widely disseminated in the media and by politicians, such as mistaken ideas about urban problems, income differences, male-female economic differences, as well as economics fallacies about academia, about race, and about Third World countries. One of the themes of Economic Facts and Fallacies is that fallacies are not simply crazy ideas but in fact have a certain plausibility that gives them their staying power-and makes careful examination of their flaws both necessary and important, as well as sometimes humorous. Written in the easy-to-follow style of the author's Basic Economics, this latest book is able to go into greater depth, with real world examples, on specific issues.
The Great Crash of 1929
John Kenneth Galbraith - 1954
Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community." Now, with the stock market riding historic highs, the celebrated economist returns with new insights on the legacy of our past and the consequences of blind optimism and power plays within the financial community.
Evil Geniuses: The Unmaking of America
Kurt Andersen - 2020
A huge, secure, and contented middle class emerged. All boats rose together. But then the New Deal gave way to the Raw Deal. Beginning in the early 1970s, by means of a long war conceived of and executed by a confederacy of big business CEOs, the superrich, and right-wing zealots, the rules and norms that made the American middle class possible were undermined and dismantled. The clock was turned back on a century of economic progress, making greed good, workers powerless, and the market all-powerful while weaponizing nostalgia, lifting up an oligarchy that served only its own interests, and leaving the huge majority of Americans with dwindling economic prospects and hope.Why and how did America take such a wrong turn? In this deeply researched and brilliantly woven cultural, economic, and political chronicle, Kurt Andersen offers a fresh, provocative, and eye-opening history of America’s undoing, naming names, showing receipts, and unsparingly assigning blame—to the radical right in economics and the law, the high priests of high finance, a complacent and complicit Establishment, and liberal “useful idiots,” among whom he includes himself.
Postwar: A History of Europe Since 1945
Tony Judt - 2005
Postwar is the first modern history that covers all of Europe, both east and west, drawing on research in six languages to sweep readers through thirty-four nations and sixty years of political and cultural change-all in one integrated, enthralling narrative. Both intellectually ambitious and compelling to read, thrilling in its scope and delightful in its small details, Postwar is a rare joy.Finalist for the Pulitzer PrizeWinner of the Council on Foreign Relations Arthur Ross Book AwardOne of the New York Times' Ten Best Books of the Year.Table of contentsAbout the authorCopyright pageDedicationPreface & acknowledgementIntroductionPART ONE - Post-War: 1945-19531. The legacy of war2. Retribution3. The rehabilitation of Europe4. The impossible settlement5. The coming of the Cold War6. Into the whirlwind7. Culture warsCODA The end of old EuropePART TWO - Prosperity and its discontents: 1953-19718. The politics of stability9. Lost illusions10. The age of affluencePOSTSCRIPT: A Tale of two economies11. The Social Democrat moment12. The spectre of revolution13. The end of the affairPART THREE - Recessional: 1971-198914. Diminished expectations15. Politics in a new key16. A time of transition17. The new realism18. The power of the powerless19. The end of the old orderPART FOUR - After the Fall: 1989-200520. A fissile continent21. The reckoning22. The old Europe -and the new23. The varieties of Europe24. Europe as a way of lifePhoto crditsSuggestions for further readings