Economic Theory

We all know the book: it's been hailed as one of the most important documents on how the world economy works, or doesn't work, and it's been a colossal bestseller since it first appeared in 2014, with more than 1.5 million copies sold. Thomas Piketty's Capital in the Twenty-First Century makes a powerful case that wealth, and accumulated wealth, tends to stay where it lands: and with the passage of time, just gets bigger…and bigger. But how many of us who bought or borrowed the book - or even, perhaps, reviewed it - have read more than a fraction of its 696 pages?

In The Silo Effect, award-winning journalist Gillian Tett examines the structural development of institutions such as UBS, Sony and the Bank of England. While the world is increasingly interlinked in some senses, it remains profoundly fragmented in others. As organisations become larger and more global than ever before, they are apt to be divided and sub-divided into numerous different departments to facilitate productivity. However, there is a trap to the inevitability of these silos.

The 20th century witnessed the triumph of democratic capitalism in the industrialized West, with widespread popular support for both free markets and representative elections. Today, that political consensus appears to be breaking down, disrupted by polarization and income inequality, widespread dissatisfaction with democratic institutions, and insurgent populism. Tracing the history of democratic capitalism over the past two centuries, Carles Boix explains how we got here - and where we could be headed.

We may not often think of our clothes as having a function beyond covering our naked bodies and keeping us a little safer from the elements. But to discount the enormous influence of clothing on anything from economic cycles to the future of water scarcity is to ignore the greater meaning of the garments we put on our backs. Disrobed vividly considers the role that clothing plays in everything from natural disasters to climate change to terrorism to geopolitics to agribusiness.

The Communist Manifesto is an 1848 political pamphlet by the German philosophers Karl Marx and Friedrich Engels. Commissioned by the Communist League and originally published in London just as the Revolutions of 1848 began to erupt, the Manifesto was later recognized as one of the world's most influential political documents. It presents an analytical approach to the class struggle (historical and then-present) and the conflicts of capitalism and the capitalist mode of production.

War in Ukraine, a global hunger crisis, the West's cost of living crisis—the eruptions of 2022 were all too predictable. In Price Wars, Rupert Russell lays out just how these crises are connected and how many such events plunged the 2010s into a decade of turmoil.

Our world order is under pressure as never before. From new authoritarian regimes in the US, Turkey and Russia to the imminent breakup of the European Union and a social media awash with intolerance, things look set to fall apart just as abruptly as the Soviet Union did some 30 years ago. How did we get here, and what do we do now? In this searching new exploration of our crisis, Paul Mason argues that at its heart lies an attack on the idea of humanity itself.

Starting with the publication of their seminal bestseller, Future Shock, Alvin and Heidi Toffler have given millions of listeners new ways to think about personal life in today’s high-speed world with its constantly changing, seemingly random impacts on our businesses, governments, families and daily lives. Now, writing with the same rare grasp and clarity that made their earlier books classics, the Tofflers turn their attention to the revolution in wealth now sweeping the planet. And once again, they provide a penetrating, coherent way to make sense of the seemingly senseless.

Peter Georgescu arrived in this country as a penniless Romanian refugee and rose to become the CEO of Young & Rubicam. Which is why he's so heartsick that in America today, with flat wages, disappearing jobs, and a shrinking middle class, his kind of rags-to-riches story doesn't seem possible now. But he has a message for his fellow CEOs: we're the ones who must take the lead in fixing the economy.

Spontaneous Order brings together Peyton Young's research on evolutionary game theory and its diverse applications across a wide range of academic disciplines, including economics, sociology, philosophy, biology, computer science, and engineering. Enhanced with an introductory essay and commentaries, the book pulls together the author's work thematically to provide a valuable resource for scholars of economic theory.

Transcending Capitalism explains why many influential mid-century American social theorists came to believe it was no longer meaningful to describe modern Western society as "capitalist", but instead preferred alternatives such as "postcapitalist" society, "postindustrial" society, or the "technological" society.

In a world where wealth and power are increasingly concentrated in the hands of a few, Who Controls the Money delves into the generational divide that shapes our economic reality. From the Baby Boomers who built their fortunes in an era of prosperity to the Millennials and Gen Z struggling under the weight of student debt, stagnant wages, and unaffordable housing, this book uncovers the systemic forces that keep wealth and power in the hands of the elite.

Das Sachbuch "Kapitalismus und Freiheit" zählt zu den anerkanntesten wirtschaftspolitischen Werken unserer Zeit. Der amerikanische Wirtschaftswissenschaftler Milton Friedman setzt sich darin mit der Bedeutung von wirtschaftlicher Freiheit für die politische Unabhängigkeit des Menschen in der modernen Gesellschaft auseinander. Die hier vorliegende Auflage enthält neben einem nachträglich verfassten Vorwort von Milton Friedman auch Anmerkungen des bekannten deutschen Ökonomen Horst Siebert.

Without question one of the most significant books in modern history, The Communist Manifesto is a brief, populist pamphlet that distils the core ideas of communism into accessible prose. Published just months before violent uprisings threatened to destabilise much of the European establishment, it outlines a view of history as a constant battle between the classes that will inevitably result in revolution.

The 2008 financial crisis crystallized for people around the country the fact that something was wrong. Americans had already been losing faith in elites who had failed to protect them from crisis after crisis and disaster after disaster. After the collapse, we expected someone to have a solution but were inevitably disappointed. Instead, we got high and rising unemployment, foreclosures spiraling out of control, and, as the protest chant went, "banks got bailed out, we got sold out."

In this stunning new story of political economy, author Eric Robert Morse examines why the modern system has become so unwieldy and explains what must be done to correct it. His astute analysis and fascinating storytelling take readers on an epic journey, from the dawn of free-market capitalism during the age of exploration, through the industrial revolution and Adam Smith, to the rise of Keynesianism and the dominance of the welfare state....

There are a lot of different investment opportunities that you can choose from. Some will entail more risk than others, but they can also entail higher profit potentials as well. But one option that many investors may not consider when they first get started in this market is options trading.

L'économie à portée de tous : un outil indispensable par l’un des plus grands économistes de notre époque.Au fil d’un dialogue imaginaire, " Monsieur Tout le monde ", animé par sa curiosité, pousse le professeur à expliciter les clés de lecture, les codes de langage, les logiques et les modèles de pensée qui façonnent le discours des économistes comme celui des experts ou bien des responsables politiques lorsqu’ils parlent d’économie à la télévision.

The recent economic crisis was a dramatic reminder that capitalism can both produce and destroy. It's a system that by its very nature encourages predators and creators, locusts and bees. But, as Geoff Mulgan argues in this compelling, imaginative, and important book, the economic crisis also presents a historic opportunity to choose a radically different future for capitalism, one that maximizes its creative power and minimizes its destructive force.

Just as Thomas Piketty offered a sweeping critique and progressive reassessment of capitalism, former World Bank Group chief financial officer Bertrand Badré looks at the destructive role finance played in the global economic crisis of 2007–2008 and offers a bold prescription for making it a force for good. Badré says that finance is inherently neither good nor bad. It's just a tool—the most powerful tool on earth. Used correctly, it can be at the heart of the way we address many of the world's biggest problems, ranging from climate change to the eradication of poverty to building much-needed infrastructure. He describes innovations in financial tools and approaches that are already happening around the world and looks at the role regulation can play in channeling the power of finance in a positive direction. He details options for strengthening international cooperation for financial stability and prosperity and overcoming the blinkered nationalism currently on the rise. And he tells what is working and what needs to change in financing the sustainable development of the world.