Recommendations based on "The Code of Capital: How the Law Creates Wealth and Inequality"

FROM THE WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS'Wonderfully refreshing . . . A must read' Thomas PikettyIn this revolutionary book, prize-winning economists Abhijit V. Banerjee and Esther Duflo show how economics, when done right, can help us solve the thorniest social and political problems of our day. From immigration to inequality, slowing growth to accelerating climate change, we have the resources to address the challenges we face but we are so often blinded by ideology.Original, provocative and urgent, Good Economics for Hard Times offers the new thinking that we need. It builds on cutting-edge research in economics - and years of exploring the most effective solutions to alleviate extreme poverty - to make a persuasive case for an intelligent interventionism and a society built on compassion and respect. A much-needed antidote to polarized discourse, this book shines a light to help us appreciate and understand our precariously balanced world.

A New York Times Bestseller!2019 was the last great year for the world economy.For generations, everything has been getting faster, better, and cheaper. Finally, we reached the point that almost anything you could ever want could be sent to your home within days - even hours - of when you decided you wanted it.America made that happen, but now America has lost interest in keeping it going.Globe-spanning supply chains are only possible with the protection of the U.S. Navy. The American dollar underpins internationalized energy and financial markets. Complex, innovative industries were created to satisfy American consumers. American security policy forced warring nations to lay down their arms. Billions of people have been fed and educated as the American-led trade system spread across the globe.All of this was artificial. All this was temporary. All this is ending.In The End of the World is Just the Beginning, author and geopolitical strategist Peter Zeihan maps out the next world: a world where countries or regions will have no choice but to make their own goods, grow their own food, secure their own energy, fight their own battles, and do it all with populations that are both shrinking and aging.The list of countries that make it all work is smaller than you think. Which means everything about our interconnected world - from how we manufacture products, to how we grow food, to how we keep the lights on, to how we shuttle stuff about, to how we pay for it all - is about to change.In customary Zeihan fashion, rather than yelling fire in the geoeconomic theatre, he narrates the accumulation of matchsticks, gasoline, and dynamite in the hands of the oblivious audience, suggesting we might want to call the fire department.A world ending. A world beginning. Zeihan brings readers along for an illuminating (and a bit terrifying) ride packed with foresight, wit, and his trademark irreverence.

The New York Times bestseller from CNN Political Commentator and 2020 former Democratic presidential candidate Andrew Yang, this thought-provoking and prescient call-to-action outlines the urgent steps America must take, including Universal Basic Income (UBI), to stabilize our economy amid rapid technological change and automation. The shift toward automation is about to create a tsunami of unemployment. Not in the distant future--now. One recent estimate predicts 45 million American workers will lose their jobs within the next twelve years--jobs that won't be replaced. In a future marked by restlessness and chronic unemployment, what will happen to American society? In The War on Normal People, Andrew Yang paints a dire portrait of the American economy. Rapidly advancing technologies like artificial intelligence, robotics and automation software are making millions of Americans' livelihoods irrelevant. The consequences of these trends are already being felt across our communities in the form of political unrest, drug use, and other social ills. The future looks dire-but is it unavoidable? In The War on Normal People, Yang imagines a different future--one in which having a job is distinct from the capacity to prosper and seek fulfillment. At this vision's core is Universal Basic Income, the concept of providing all citizens with a guaranteed income-and one that is rapidly gaining popularity among forward-thinking politicians and economists. Yang proposes that UBI is an essential step toward a new, more durable kind of economy, one he calls "human capitalism."

In World Order, Henry Kissinger - one of the leading practitioners of world diplomacy and author of On China - makes his monumental investigation into the 'tectonic plates' of global history and state relationsWorld Order is the summation of Henry Kissinger's thinking about history, strategy and statecraft. As if taking a perspective from far above the globe, it examines the great tectonic plates of history and the motivations of nations, explaining the attitudes that states and empires have taken to the rest of the world from the formation of Europe to our own times.Kissinger identifies four great 'world orders' in history - the European, Islamic, Chinese and American. Since the end of Charlemagne's empire, and especially since the Peace of Westphalia in 1648, Europeans have striven for balance in international affairs, first in their own continent and then globally. Islamic states have looked to their destined expansion over regions populated by unbelievers, a position exemplified today by Iran under the ayatollahs. For over 2000 years the Chinese have seen 'all under Heaven' as being tributary to the Chinese Emperor. America views itself as a 'city on a hill', a beacon to the world, whose values have universal validity. How have these attitudes evolved and how have they shaped the histories of their nations, regions, and the rest of the world? What has happened when they have come into contact with each other? How have they balanced legitimacy and power at different times? What is the condition of each in our contemporary world, and how are they shaping relations between states now?To answer these questions Henry Kissinger draws upon a lifetime's historical study and unmatched experience as a world statesman. His account is shot through with observations about how historical change takes place, how some leaders shape their times and others fail to do so, and how far states can stray from the ideas which define them. World Order is a masterpiece of narrative, analysis and portraits of great historical actors that only Henry Kissinger could have written.HENRY KISSINGER served in the US Army during the Second World War and subsequently held teaching posts in history and government at Harvard University for twenty years. He served as National Security Advisor and then Secretary of State under Richard Nixon and Gerald Ford, and has advised many other American presidents on foreign policy. He received the 1973 Nobel Peace Prize, the Presidential Medal of Freedom, and the Medal of Liberty, among other awards. He is the author of numerous books and articles on foreign policy and diplomacy, and is currently Chairman of Kissinger Associates, Inc., an international consulting firm.

NEW YORK TIMES AND WALL STREET JOURNAL BESTSELLER • From two winners of the 2024 Nobel Prize in Economic Sciences, “who have demonstrated the importance of societal institutions for a country’s prosperity” “A wildly ambitious work that hopscotches through history and around the world to answer the very big question of why some countries get rich and others don’t.”—The New York Times FINALIST: Financial Times and Goldman Sachs Business Book of the Year Award • ONE OF THE BEST BOOKS OF THE YEAR: The Washington Post, Financial Times, The Economist, BusinessWeek, Bloomberg, The Christian Science Monitor, The Plain Dealer Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, or geography that determines prosperity or poverty? As Why Nations Fail shows, none of these factors is either definitive or destiny.   Drawing on fifteen years of original research, Daron Acemoglu and James Robinson conclusively show that it is our man-made political and economic institutions that underlie economic success (or the lack of it). Korea, to take just one example, is a remarkably homogenous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The differences between the Koreas is due to the politics that created those two different institutional trajectories. Acemoglu and Robinson marshal extraordinary historical evidence from the Roman Empire, the Mayan city-states, the Soviet Union, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, among them:   • Will China’s economy continue to grow at such a high speed and ultimately overwhelm the West?   • Are America’s best days behind it? Are we creating a vicious cycle that enriches and empowers a small minority? “This book will change the way people think about the wealth and poverty of nations . . . as ambitious as Jared Diamond’s Guns, Germs, and Steel.”—BusinessWeek

The story of Steve Schwarzman, Blackstone, and a financial revolution, King of Capital is the greatest untold success story on Wall Street.   In King of Capital, David Carey and John Morris show how Blackstone (and other private equity firms) transformed themselves from gamblers, hostile-takeover artists, and ‘barbarians at the gate’ into disciplined, risk-conscious investors while the financial establishment—banks and investment bankers such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, Morgan Stanley—were recklessly assuming risks, leveraging up to astronomical levels and driving the economy to the brink of disaster. Now, not only have Blackstone and a small coterie of competitors wrested control of corporations around the globe, but they have emerged as a major force on Wall Street, challenging the likes of Goldman Sachs and Morgan Stanley for dominance.  Insightful and hard-hitting, filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Schwarzman and Peter Peterson, King of Capital shows how Blackstone and private equity will drive the economy and provide a model for how financing will work in the years to come.

In the wake of the September 11 attacks, President George W. Bush drew a line in the sand, saying, “Either you are with us or you are with the terrorists.” Since 9/11, many counterterrorism partners have been both “with” and “against” the United States, helping it in some areas and hindering it in others. This has been especially true in the Middle East, Africa, and South Asia, where the terrorist groups that threaten America are most concentrated. Because so many aspects of U.S. counterterrorism strategy are dependent on international cooperation, the United States has little choice but to work with other countries. Making the most of these partnerships is fundamental to the success of the War on Terror. Yet what the United States can reasonably expect from its counterterrorism partners—and how to get more out of them—remain too little understood. In With Us and Against Us, Stephen Tankel analyzes the factors that shape counterterrorism cooperation, examining the ways partner nations aid international efforts, as well as the ways they encumber and impede effective action. He considers the changing nature of counterterrorism, exploring how counterterrorism efforts after 9/11 critically differ both from those that existed beforehand and from traditional alliances. Focusing on U.S. partnerships with Algeria, Egypt, Mali, Pakistan, Saudi Arabia and Yemen against al-Qaeda, ISIS, and other terrorist organizations, Tankel offers nuanced propositions about what the U.S. can expect from its counterterrorism partners depending on their political and security interests, threat perceptions, and their relationships with the United States and with the terrorists in question. With Us and Against Us offers a theoretically rich and policy-relevant toolkit for assessing and improving counterterrorism cooperation, devising strategies for mitigating risks, and getting the most out of difficult partnerships.

Every year, hundreds of thousands of women and children are abducted, deceived, seduced, or sold into forced prostitution, coerced to service hundreds if not thousands of men before being discarded. These trafficked sex slaves form the backbone of one of the world's most profitable illicit enterprises and generate huge profits for their exploiters, for unlike narcotics, which must be grown, harvested, refined, and packaged, sex slaves require no such "processing," and can be repeatedly "consumed." Kara first encountered the horrors of slavery in a Bosnian refugee camp in 1995. Subsequently, in the first journey of its kind, he traveled across four continents to investigate these crimes and take stock of their devastating human toll. Kara made several trips to India, Nepal, Burma, Thailand, Laos, Vietnam, the United Kingdom, Italy, the Netherlands, Denmark, Albania, Moldova, Mexico, and the United States. He witnessed firsthand the sale of human beings into slavery, interviewed over four hundred slaves, and confronted some of those who trafficked and exploited them. In this book, Kara provides a riveting account of his journey into this unconscionable industry, sharing the moving stories of its victims and revealing the shocking conditions of their exploitation. He draws on his background in finance, economics, and law to provide the first ever business analysis of contemporary slavery worldwide, focusing on its most profitable and barbaric form: sex trafficking. Kara describes the local factors and global economic forces that gave rise to this and other forms of modern slavery over the past two decades and quantifies, for the first time, the size, growth, and profitability of each industry. Finally, he identifies the sectors of the sex trafficking industry that would be hardest hit by specifically designed interventions and recommends the specific legal, tactical, and policy measures that would target these vulnerable sectors and help to abolish this form of slavery, once and for all. The author will donate a portion of the proceeds of this book to the anti-slavery organization, Free the Slaves.

A renowned scholar argues that liberal hegemony--the policy America has pursued since the Cold War ended--is doomed to fail Named a Financial Times Best Book of 2018 "Idealists as well as realists need to read this systematic tour de force."--Robert D. Kaplan, author of The Return of Marco Polo's World It is widely believed in the West that the United States should spread liberal democracy across the world, foster an open international economy, and build international institutions. The policy of remaking the world in America's image is supposed to protect human rights, promote peace, and make the world safe for democracy. But this is not what has happened. Instead, the United States has become a highly militarized state fighting wars that undermine peace, harm human rights, and threaten liberal values at home. In this major statement, the renowned international-relations scholar John Mearsheimer argues that liberal hegemony--the foreign policy pursued by the United States since the Cold War ended--is doomed to fail. It makes far more sense, he maintains, for Washington to adopt a more restrained foreign policy based on a sound understanding of how nationalism and realism constrain great powers abroad. The Great Delusion is a lucid and compelling work of the first importance for scholars, policymakers, and everyone interested in the future of American foreign policy.

“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction. A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.