"Freaks of Fortune" tells the story of how the modern concept of risk emerged in the United States. Born on the high seas, risk migrated inland and became essential to the financial management of an inherently uncertain capitalist future.Focusing on the hopes and anxieties of ordinary people, Jonathan Levy shows how risk developed through the extraordinary growth of new financial institutions insurance corporations, savings banks, mortgage-backed securities markets, commodities futures markets, and securities markets while posing inescapable moral questions. For at the heart of risk s rise was a new vision of freedom. To be a free individual, whether an emancipated slave, a plains farmer, or a Wall Street financier, was to take, assume, and manage one s own personal risk. Yet this often meant offloading that same risk onto a series of new financial institutions, which together have only recently acquired the name financial services industry. Levy traces the fate of a new vision of personal freedom, as it unfolded in the new economic reality created by the American financial system.Amid the nineteenth-century s waning faith in God s providence, Americans increasingly confronted unanticipated challenges to their independence and security in the boom and bust chance-world of capitalism. "Freaks of Fortune" is one of the first books to excavate the historical origins of our own financialized times and risk-defined lives.

    This time, Ruth Goodman, Alex Langlands, and Peter Ginn take a leap forward in time to immerse themselves in an Edwardian community in the West Country. In the nineteenth and early twentieth centuries, Morwellham Quay was situated in a bustling and commercially prosperous region—a stunning rural landscape encompassing rolling farmland, wild moorland, tidal river, coast, and forest, which supported a vibrant and diverse economy. Ruth, Peter, and Alex will spend a year exploring all aspects of this working landscape—restoring boats, buildings, and equipment; cultivating crops; fishing; rearing animals; and rediscovering the lost heritage of this fascinating era as well as facing the challenges of increasingly commercial farming practices, fishing, and community events.

    Conveying the bewildering momentum of events as the King's peace is overtaken by suspicion, disorder and the sword, she writes history, said The Times, 'in the only way taht matters, as a living re-creation of the past'.'A superb book, beautifully written. I have no doubt at all that she makes the onset of the Civil War more intelligible than any historian before her' - A L RowseThe King's War 1641-1647 and The Trial of Charles I are also published by Penguin

    Giving a glimpse of the essential science of economics, this book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith, its disappearance and occasional resurfacing in the 19th century, and the development of various technical tools in the 20th century.

    Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.

    Gavin

    To the extent possible, he has made a science of understanding how the US economy works almost as a living organism--how it grows and changes, surges and stalls. He has made a particular study of the question of productivity growth, at the heart of which is the riddle of innovation. Where does innovation come from, and how does it spread through a society? And why do some eras see the fruits of innovation spread more democratically, and others, including our own, see the opposite?In Capitalism in America, Greenspan distills a lifetime of grappling with these questions into a thrilling and profound master reckoning with the decisive drivers of the US economy over the course of its history. In partnership with the celebrated Economist journalist and historian Adrian Wooldridge, he unfolds a tale involving vast landscapes, titanic figures, triumphant breakthroughs, enlightenment ideals as well as terrible moral failings. Every crucial debate is here--from the role of slavery in the antebellum Southern economy to the real impact of FDR's New Deal to America's violent mood swings in its openness to global trade and its impact. But to read Capitalism in America is above all to be stirred deeply by the extraordinary productive energies unleashed by millions of ordinary Americans that have driven this country to unprecedented heights of power and prosperity. At heart, the authors argue, America's genius has been its unique tolerance for the effects of creative destruction, the ceaseless churn of the old giving way to the new, driven by new people and new ideas. Often messy and painful, creative destruction has also lifted almost all Americans to standards of living unimaginable to even the wealthiest citizens of the world a few generations past. A sense of justice and human decency demands that those who bear the brunt of the pain of change be protected, but America has always accepted more pain for more gain, and its vaunted rise cannot otherwise be understood, or its challenges faced, without recognizing this legacy. For now, in our time, productivity growth has stalled again, stirring up the populist furies. There's no better moment to apply the lessons of history to the most pressing question we face, that of whether the United States will preserve its preeminence, or see its leadership pass to other, inevitably less democratic powers.

    This is the story of how it happened and the people who made it happen. In a fast-moving narrative ranging from London to the harsh terrain of India, Russia and the Far East, Saul David shows how Britain ruthlessly exploited her position as the world's only superpower to expand her empire. Yet little of this territorial acquisition was planned or sanctioned by the home government. Instead it was largely the work of the men on the ground, and to those at home it really did seem that the empire was acquired in a 'fit of absence of mind'. Saul David creates a vivid portrait of life on the violent fringes of empire, and of the seemingly endless and brutal wars that were fought in the name of trade, civilization and the balance of power.'Splendid . . . a terrific treasure-chest of anecdotes . . . a splendidly brisk, cool and judicious narrator' Daily Telegraph 'Incisive and acute . . . thorough and occasionally revelatory, [David] always finds a telling phrase, an eye-catching detail or a human story' Sunday Times Saul David is Professor of War Studies at the University of Buckingham and the author of several critically acclaimed history books, including The Indian Mutiny: 1857 (shortlisted for the Westminster Medal for Military Literature), Zulu: The Heroism and Tragedy of the Zulu War of 1879 (a Waterstone's Military History Book of the Year) and, most recently, Victoria's Wars: The Rise of Empire.

    His bestselling books, including The Emerging Republican Majority (1969) and The Politics of Rich and Poor (1990), have influenced presidential campaigns and changed the way America sees itself. Widely acknowledging Phillips as one of the nation's most perceptive thinkers, reviewers have called him a latter-day Nostradamus and our "modern Thomas Paine." Now, in the first major book of its kind since the 1930s, he turns his attention to the United States' history of great wealth and power, a sweeping cavalcade from the American Revolution to what he calls "the Second Gilded Age" at the turn of the twenty-first century.The Second Gilded Age has been staggering enough in its concentration of wealth to dwarf the original Gilded Age a hundred years earlier. However, the tech crash and then the horrible events of September 11, 2001, pointed out that great riches are as vulnerable as they have ever been. In Wealth and Democracy, Kevin Phillips charts the ongoing American saga of great wealth–how it has been accumulated, its shifting sources, and its ups and downs over more than two centuries. He explores how the rich and politically powerful have frequently worked together to create or perpetuate privilege, often at the expense of the national interest and usually at the expense of the middle and lower classes.With intriguing chapters on history and bold analysis of present-day America, Phillips illuminates the dangerous politics that go with excessive concentration of wealth. Profiling wealthy Americans–from Astor to Carnegie and Rockefeller to contemporary wealth holders–Phillips provides fascinating details about the peculiarly American ways of becoming and staying a multimillionaire. He exposes the subtle corruption spawned by a money culture and financial power, evident in economic philosophy, tax favoritism, and selective bailouts in the name of free enterprise, economic stimulus, and national security.Finally, Wealth and Democracy turns to the history of Britain and other leading world economic powers to examine the symptoms that signaled their declines–speculative finance, mounting international debt, record wealth, income polarization, and disgruntled politics–signs that we recognize in America at the start of the twenty-first century. In a time of national crisis, Phillips worries that the growing parallels suggest the tide may already be turning for us all.From the Hardcover edition.

    With a wealth of detail, "A Journal of the Plague Year" seems almost a firsthand account, taking readers through the neighborhoods, houses, and streets that have drastically changed with the rising death toll. The bustle of business and errands gives way to doors marked with the cross to signify a house of death, as well as the dead-carts transporting those struck down to the mass graves as the dead rise in number to nearly 100,000. As the epidemic progresses and the narrator encounters more stories of isolation and horror, Defoe reveals his masterful balance as both a historical and imaginative writer.

    Covering all aspects of the English inheritance, and informed by a unique philosophical vision, England: An Elegy shows that there is such a country as England, that it has a distinct personality and endows its residents with a distinct moral ideal.

    Narrowing the thousands of factors that can shape a country’s fortunes to ten clear rules, Sharma explains how to spot political, economic, and social changes in real time. He shows how to read political headlines, black markets, the price of onions, and billionaire rankings as signals of booms, busts, and protests. Set in a post-crisis age that has turned the world upside down, replacing fast growth with slow growth and political calm with revolt, Sharma’s pioneering book is an entertaining field guide to understanding change in this era or any era.A Library Journal Best Book of 2016

    Did you know that the law requiring a London taxi driver to carry a bale of hay on top of his cab to feed the horse was in force until 1976? Or that Welshmen are not allowed in the city of Chester after dark? Nigel Cawthorne has unearthed an extraordinary (and sometimes hilarious) collection of the most bizarre and arcane laws that have been enacted over the centuries. Some of which, incredibly are still in force! It is still illegal to enter the Houses of Parliament in a suit of armour!

    After a resounding electoral triumph in 1906, the Liberals formed the government of the most powerful nation on earth, yet within a few years the House of Lords lost its absolute veto over legislation, the Home Rule crisis brought Ireland to the brink of civil war and led to an army mutiny, the campaign for woman's suffrage created widespread civil disorder and discredited the legal and penal systems, and an unprecedented wave of strikes swept the land.This is a classic account, first published in 1935, of the dramatic upheaval and political change that overwhelmed England in the period 1910-1914. Few books of history retain their relevance and vitality after more than sixty years. The Strange Death of Liberal England is one of the most important books of the English past, a prime example that history can be abiding literature. As a portrait of England enmeshed in the turbulence of new movements, which often led to violence against the pieties of Liberal England—until it was overwhelmed by the greatest violence of all, World War I—this extraordinary book has continued to exert a powerful influence on the way historians have observed early twentieth-century England.

    It is, as Michael Hardt and Antonio Negri demonstrate in this bold work, the new political order of globalization. It is easy to recognize the contemporary economic, cultural, and legal transformations taking place across the globe but difficult to understand them. Hardt and Negri contend that they should be seen in line with our historical understanding of Empire as a universal order that accepts no boundaries or limits. Their book shows how this emerging Empire is fundamentally different from the imperialism of European dominance and capitalist expansion in previous eras. Rather, today's Empire draws on elements of U.S. constitutionalism, with its tradition of hybrid identities and expanding frontiers. Empire identifies a radical shift in concepts that form the philosophical basis of modern politics, concepts such as sovereignty, nation, and people. Hardt and Negri link this philosophical transformation to cultural and economic changes in postmodern society--to new forms of racism, new conceptions of identity and difference, new networks of communication and control, and new paths of migration. They also show how the power of transnational corporations and the increasing predominance of postindustrial forms of labor and production help to define the new imperial global order. More than analysis, Empire is also an unabashedly utopian work of political philosophy, a new Communist Manifesto. Looking beyond the regimes of exploitation and control that characterize today's world order, it seeks an alternative political paradigm--the basis for a truly democratic global society.