American Economics

We live in an era of soaring corporate profits and anemic wage gains, one in which low-paid jobs and blighted blue-collar communities have become a common feature of our nation’s landscape. Behind these trends lies a little-discussed problem: the decades-long decline in worker power. Award-winning journalist and author Steven Greenhouse guides us through the key episodes and trends in history that are essential to understanding some of our nation’s most pressing problems.

Albert Richardson and Junius Browne, two correspondents for the New York Tribune, were captured at the Battle of Vicksburg and spent 20 months in horrific Confederate prisons before escaping and making their way to Union territory. Their amazing, long-forgotten odyssey is one of the great escape stories in American history, packed with drama, courage, horrors and heroics, plus many moments of antic comedy.

The twentieth century was the managerial century in the United States. An organizational transformation, from entrepreneurial to managerial capitalism, brought forth what became a dominant narrative: that administrative coordination by trained professional managers is essential to the efficient running of organizations both public and private. And yet if managerialism was the apotheosis of administrative efficiency, why did both its practice and the accompanying narrative lie in ruins by the end of the century?

In 1654, 23 Jewish families arrived in New Amsterdam (now New York) aboard a French privateer. They were the Sephardim, members of a proud orthodox sect that had served as royal advisors and honored professionals under Moorish rule in Spain and Portugal but were then exiled by intolerant monarchs. A small, closed, and intensely private community, the Sephardim soon established themselves as businessmen and financiers. They became powerful forces in society, with some, like banker Haym Salomon, even providing financial support to George Washington's army during the American Revolution.

Descended from families that created the United States, WASPs felt themselves stunted by a civilization that thwarted their higher aspirations at every turn. They were the original lost generation. Yet out of the neurotic ruins emerged a group of patriots devoted to public service and the renewal of society. In a study of the WASP revolution in American life, Michael Knox Beran brings the stories of Henry Adams and Henry Stimson, Learned Hand and Vida Scudder, John Jay Chapman and Gertrude Vanderbilt Whitney to life.

The second edition of the fun and fascinating guide to the main ideas of the Austrian School of economics, written in sparkling prose, especially for the non-economist. Gene Callahan shows that good economics isn't about government planning or statistical models - it's about human beings and the choices they make in the real world. This may be the most important book of its kind since Hazlitt's Economics in One Lesson. Though written for the beginner, it has been justly praised by scholars too, including Israel Kirzner, Walter Block, and Peter Boettke.

Farming Humans: American Inequality and Profit Over People in the Age of Oligarchy—now in a powerful, unabridged audiobook narrated by Eric Leo himself. Join a frontline voice who has lived the realities of corporate “farming” and structural injustice, as he guides you through America’s hidden mechanisms of exploitation—and equips you to push back. In eight hard-hitting chapters, you’ll learn: How the Federal Reserve’s secret origins and debt-creation cycle fuel boom-bust crashes that enrich elites and saddle everyday Americans with “debt bondage.”

From Pulitzer Prize–winning journalist Will Bunch, the epic untold story of college—the great political and cultural fault line of American life.

Discover how - and why - Black, Indigenous, and people of color in America experience societal, economic, and infrastructural inequality throughout history covering everything from Columbus’ arrival in 1492 to the War on Drugs to the Black Lives Matter movement.

Conceived in the early 1800s and completed in 1825, the Erie Canal was the boldest and biggest American engineering project of its century, with enduring political, social, and economic effects. It was the Erie Canal that first opened up the West to American enterprise and imagination, bringing vast riches and a far-reaching vision to a rapidly expanding nation.In this compelling narrative, author Gerard Koeppel tells the complete, sweeping story of the creation of the canal.

A prominent conservative scholar traces the post-1960s divisions between the Right and the Left, taking aim at liberals' victimization of African Americans and their failure to offer a viable way forward for American society. The United States today is hopelessly polarized; the political Right and Left have hardened into rigid and deeply antagonistic camps, preventing any sort of progress.

An “epic and intimate” (David M. Kennedy) portrait of four generations of the Morgenthau family, a dynasty of power brokers and public officials with an outsize—and previously unmapped—influence extending from daily life in New York City to the shaping of the American Century.

In his best-selling The Russians, Hedrick Smith took millions of readers inside the Soviet Union. In The Power Game, he took us inside Washington’s corridors of power. Now Smith takes us across America to show how seismic changes, sparked by a sequence of landmark political and economic decisions, have transformed America. As only a veteran reporter can, Smith fits the puzzle together, starting with Lewis Powell’s provocative memo that triggered a political rebellion that dramatically altered the landscape of power from then until today.

North Korea is one of the most troubled societies on earth. The country's 24 million people live under a violent dictatorship led by a single family, which relentlessly pursues the development of nuclear arms, which periodically incites risky military clashes with the larger, richer, liberal South, and which forces each and every person to play a role in the "theater state" even as it pays little more than lip service to the wellbeing of the overwhelming majority.

In Money Machine: A Trailblazing American Venture in China, Weijian Shan delivers a compelling account of one of the most significant deals in private equity history: the first and only foreign acquisition of control of a Chinese national bank. Money Machine is the fascinating inside story of the transaction as told by the man who led it, from the intrigues of dealmaking to the complex and uncharted process of securing control by a foreign investor of a Chinese nationwide financial institution, a feat that had never before been attempted, nor has it been repeated.

At the start of 1932, the nation's worst economic crisis has left one-in-four workers without a job, countless families facing eviction, banks shutting down as desperate depositors withdraw their savings, and growing social and political unrest. Amid this turmoil, a political decision looms that will determine the course of the nation. It's a choice between two men with very different visions of America: Incumbent Republican Herbert Hoover and New York's Democratic Governor Franklin Delano Roosevelt.

Long before the advent of conservative talk radio and Fox News, Robert Ringer was an outspoken advocate for the cause of freedom and free enterprise. In this classic work - updated for the 21st century - Ringer's basic premise is that liberty must be given a higher priority than all other objectives.

The first major history of the Crash in over a decade, Rainbow's End tells the story of the stock market collapse in a colorful, swift-moving narrative that blends a vivid portrait of the 1920s with an intensely gripping account of Wall Street's greatest catastrophe. The book offers a vibrant picture of a world full of plungers, powerful bankers, corporate titans, millionaire brokers, and buoyantly optimistic stock market bulls.

From modest beginnings as a tea shop, the Great Atlantic & Pacific Tea Company became the largest retailer in the world. It was a juggernaut, with nearly 16,000 stores. But its explosive growth made it a mortal threat to mom-and-pop grocery stores across the nation. Main Street fought back tooth and nail, leading the Hoover, Roosevelt, and Truman administrations to investigate the Great A&P. In a remarkable court case, the government pressed criminal charges against the company for selling food too cheaply - and won.

The paradox of poverty amidst plenty has plagued the United States throughout the twenty-first century—why should the wealthiest country in the world also have the highest rates of poverty among the industrialized nations? Based on his decades-long research and scholarship, one of the nation's leading authorities provides the answer. In The Poverty Paradox, Mark Robert Rank develops his unique perspective for understanding this puzzle.