Recommendations based on "The Narrow Corridor: States, Societies, and the Fate of Liberty"

A lively, inviting account of the history of economics, told through events from ancient to modern times and through the ideas of great thinkers in the field“A whistle-stop introduction to the great works and thinkers of each age, this is a clear and accessible primer.”—Laura Garmeson, Financial TimesWhat causes poverty? Are economic crises inevitable under capitalism? Is government intervention in an economy helpful, or harmful? While the answers to such basic economic questions matter to everyone, the unfamiliar language and math of economics can seem daunting. This clear, accessible, and even humorous book is ideal for young readers new to economic concepts, and for readers of all ages who want to better understand economic history and ideas.Economic historian Niall Kishtainy organizes short chapters that center on big ideas and events. He introduces us to some of the key thinkers—Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, and others—while examining topics ranging from the invention of money to the Great Depression, entrepreneurship, and behavioral economics. The result is an enjoyable book that succeeds in illuminating the economic ideas and forces that shape our world.

An outrageous, white-knuckle journey to the dark heart of an intoxicating world - from someone who survived the trading game and then blew it all wide open 'If you were gonna rob a bank, and you saw the vault door there, left open, what would you do? Would you wait around? Ever since he was a kid, kicking broken footballs on the streets of East London in the shadow of Canary Wharf's skyscrapers, Gary wanted something better. Something a whole lot bigger. Then he won a competition run by a bank: 'The Trading Game'. The prize: a golden ticket to a new life, as the youngest trader in the whole city. A place where you could make more money than you'd ever imagined. Where your colleagues are dysfunctional maths geniuses, overfed public schoolboys and borderline psychopaths, yet they start to feel like family. Where soon you're the bank's most profitable trader, dealing in nearly a trillion dollars. A day. Where you dream of numbers in your sleep - and then stop sleeping at all. But what happens when winning starts to feel like losing? When the easiest way to make money is to bet on millions becoming poorer and poorer - and, as the economy starts slipping off a precipice, your own sanity starts slipping with it? You want to stop, but you can't. Because nobody ever leaves. Would you stick, or quit? Even if it meant risking everything?

LONGLISTED FOR THE FINANCIAL TIMES & MCKINSEY BUSINESS BOOK OF THE YEARONE OF THE ECONOMIST'S BEST BOOKS OF 2021In this compelling story of lies, greed and tarnished idealism, two Wall Street Journal reporters investigate a man who Bill Gates, Western governments, and other investors entrusted with billions of dollars to make profits and end poverty, but who now stands accused of masterminding one of the biggest, most brazen financial frauds ever.Arif Naqvi was charismatic, inspiring, and self-made—all the qualities of a successful business leader. The founder of Abraaj, a Dubai-based private-equity firm, Naqvi was the Key Man to the global elite searching for impact investments to make money and do good. He persuaded politicians he could help stabilize the Middle East after 9/11 by providing jobs and guided executives to opportunities in cities they struggled to find on the map. Bill Gates helped him start a $1 billion fund to improve healthcare in poor countries and the UN and Interpol appointed him to boards. As Pope Francis blessed a move to harness capitalism for the good of the poor, Naqvi won the support of Obama’s administration and investors, who compared him to Tom Cruise in Mission: Impossible.In 2018, Simon Clark and Will Louch were contacted by an anonymous whistleblower who said Naqvi had swindled investors out of hundreds of millions of dollars and offered bribes to sustain his billionaire lifestyle. Digging into the claims, Clark and Louch uncovered hundreds of documents and exposed the wrongdoing. In April 2019—months after their exposé broke—Naqvi was arrested on charges of fraud and racketeering, and faces up to 291 years in jail.Populated by a cast of larger-than-life characters and moving across Asia, Africa, Europe and America, The Key Man is the story of how the global elite was duped by a capitalist fairytale. Clark and Louch shine a light on efforts to clean up global capital flows even as opaque private equity firms amass trillions of dollars and offshore tax havens cast a veil of secrecy which prevents regulators, investors and citizens from understanding what’s really going on in the finance industry.

The most sweeping account of how neoliberalism came to dominate American politics for nearly a half century before crashing against the forces of Trumpism on the right and a new progressivism on the left.The epochal shift toward neoliberalism--a web of related policies that, broadly speaking, reduced the footprint of government in society and reassigned economic power to private market forces--that began in the United States and Great Britain in the late 1970s fundamentally changed the world. Today, the word "neoliberal" is often used to condemn a broad swath of policies, from prizing free market principles over people to advancing privatization programs in developing nations around the world.To be sure, neoliberalism has contributed to a number of alarming trends, not least of which has been a massive growth in income inequality. Yet as the eminent historian Gary Gerstle argues in The Rise and Fall of the Neoliberal Order, these indictments fail to reckon with the full contours of what neoliberalism was and why its worldview had such persuasive hold on both the right and the left for three decades. As he shows, the neoliberal order that emerged in America in the 1970s fused ideas of deregulation with personal freedoms, open borders with cosmopolitanism, and globalization with the promise of increased prosperity for all. Along with tracing how this worldview emerged in America and grew to dominate the world, Gerstle explores the previously unrecognized extent to which its triumph was facilitated by the collapse of the Soviet Union and its communist allies. He is also the first to chart the story of the neoliberal order's fall, originating in the failed reconstruction of Iraq and Great Recession of the Bush years and culminating in the rise of Trump and a reinvigorated Bernie Sanders-led American left in the 2010s.An indispensable and sweeping re-interpretation of the last fifty years, this book illuminates how the ideology of neoliberalism became so infused in the daily life of an era, while probing what remains of that ideology and its political programs as America enters an uncertain future.

'One of the greatest, most radical public thinkers of our time. When the sun sets on the American empire, as it will, as it must, Noam Chomsky's work will survive' Arundhati Roy From one of the world's most prominent thinkers comes an urgent warning of the threat that US power poses to humanity's future The land of the free. The home of the brave. But what has America achieved in the aim of 'spreading democracy' -- except wreak havoc across the globe and establish a reckless foreign policy that serves the interest of few and has endangered all too many? In this timely book, Noam Chomsky writing with Nathan J. Robinson, vividly traces America's pursuit of global domination, offering an incisive critique of the self-serving myths that dominant elites in the United States continue to push. Offering penetrating accounts of Washington's role in the Israeli-Palestinian conflict and the wars in Iraq and Afghanistan, they examine how interventions such as these have been justified with noble stories about humanitarian missions and benevolent intentions but are now driving us closer to wars with Russia and China. At once thorough and devastating, urgent and provocative, The Myth of American Idealism offers a highly readable entry to the conclusions Noam Chomsky has come to after a lifetime of thought and activism. 'The west's most prominent critic of US imperialism . . . the closest thing in the English-speaking world to an intellectual superstar' Guardian

A "compelling indictment of the news media's role in covering up errors and deceptions" (The New York Times Book Review) due to the underlying economics of publishing—from famed scholars Edward S. Herman and Noam Chomsky. With a new introduction. In this pathbreaking work, Edward S. Herman and Noam Chomsky show that, contrary to the usual image of the news media as cantankerous, obstinate, and ubiquitous in their search for truth and defense of justice, in their actual practice they defend the economic, social, and political agendas of the privileged groups that dominate domestic society, the state, and the global order. Based on a series of case studies—including the media’s dichotomous treatment of “worthy” versus “unworthy” victims, “legitimizing” and “meaningless” Third World elections, and devastating critiques of media coverage of the U.S. wars against Indochina—Herman and Chomsky draw on decades of criticism and research to propose a Propaganda Model to explain the media’s behavior and performance. Their new introduction updates the Propaganda Model and the earlier case studies, and it discusses several other applications. These include the manner in which the media covered the passage of the North American Free Trade Agreement and subsequent Mexican financial meltdown of 1994-1995, the media’s handling of the protests against the World Trade Organization, World Bank, and International Monetary Fund in 1999 and 2000, and the media’s treatment of the chemical industry and its regulation. What emerges from this work is a powerful assessment of how propagandistic the U.S. mass media are, how they systematically fail to live up to their self-image as providers of the kind of information that people need to make sense of the world, and how we can understand their function in a radically new way.

The inside story of the world’s most powerful central bankers—and the most intense exercise in economic crisis management the world has ever seenSuddenly, without warning, in August 2007, three men who had never been elected to public office found themselves the most powerful people in the world. They were the leaders of the world’s three most important central banks: Ben Bernanke of the U.S. Federal Reserve, Mervyn King of the Bank of England, and Jean-Claude Trichet of the European Central Bank. In The Alchemists, Washington Post reporter Neil Irwin presents the truly global story of the central bankers’ role in the world economy that we have been missing. Definitive, revelatory, and riveting, it shows us where money comes from—and where it may well be going.

Shortlisted for the bbc samuel johnson prize 2010 they were masters of the financial universe, flying in private jets and raking in billions. They thought they were too big to fail. Yet they would bring the world to its knees. Andrew ross sorkin, the news-breaking new york times journalist, delivers the first true in-the-room account of the most powerful men and women at the eye of the financial storm - from reviled lehman brothers ceo dick 'the gorilla' fuld, to banking whiz jamie dimon, from bullish treasury secretary hank paulson to aig's joseph cassano, dubbed 'the man who crashed the world'. Through unprecedented access to the key players, sorkin meticulously re-creates frantic phone calls, foul-mouthed rows and white-knuckle panic, as wall street fought to save itself.

Commodities and Capabilities presents a set of inter-related theses concerning the foundations of welfare economics, and in particular about the assessment of personal well-being and advantage. The argument presented focuses on the capability to function, i.e. what a person can do or can be, questioning in the process the more standard emphasis on opulence or on utility. In fact, a person's motivation behind choice is treated here as a parametric variable which may or may not coincide with the pursuit of self-interest. Given the large number of practical problems arising from the roles and limitations of different concepts of interest and the judgement of advantage and well-being, this scholarly investigation is both of theoretical interest and practical import.