Economics Great

In 2018, Ben Bernanke, Tim Geithner, and Hank Paulson came together to reflect on the lessons of the 2008 financial crisis 10 years on. Recognizing that, as Ben put it, "the enemy is forgetting," they examine the causes of the crisis, why it was so damaging, and what it ultimately took to prevent a second Great Depression. And they provide to their successors in the United States and the finance ministers and central bank governors of other countries a valuable playbook for reducing the damage from future financial crises.

"Amanda Clayton was 24 when she won the Michigan State lottery of $1 million in 2011; she was a single mom of two, then. Unexpectedly, she was involved in welfare fraud soon after someone recorded her using a snap card (food stamps) at a gas station even after the windfall. Eventually, she was sentenced to nine months of probation and ordered to repay $5,500 in food and medical assistance to the State. Then, astonishingly, Amanda was found dead of OD in a friend's home in 2012; that was just one year after the winning and she was only 25. I wonder if she could have been OK until now if she ...

Ask a member of the middle class what it takes to become wealthy, and she'll tell you it takes a bold new idea. Tell that to a self-made millionaire, and he'll vehemently disagree. What explains the difference in mind-set between the self-made wealthy and the rest of us? It's not what you think, as journalist and entrepreneur Lewis Schiff convincingly illustrates through groundbreaking research and compelling storytelling.

Through perseverance, solid ingenuity, and unwavering determination, family-run companies - dynasties - have dominated wealth and business throughout the last two centuries. One third of Fortune 500 firms are family owned and, in most cases, the ideal of the family business is one synonymous with continuity, watchful leadership, and dedication to success. But what happens when bad behavior, extravagance, and laziness, all very real enemies of industry, are allowed to proliferate?

The Panic of 1819 tells the story of the first nationwide economic collapse to strike the United States. Much more than a banking crisis or real estate bubble, the Panic was the culmination of an economic wave that rolled through the United States, forming before the War of 1812, cresting with the land and cotton boom of 1818, and crashing just as the nation confronted the crisis over slavery in Missouri.

In The Great Divide, Joseph E. Stiglitz expands on the diagnosis he offered in his best-selling book The Price of Inequality and suggests ways to counter America's growing problem. With his signature blend of clarity and passion, Stiglitz argues that inequality is a choice - the cumulative result of unjust policies and misguided priorities.

Taming the Street describes how President Franklin D. Roosevelt battled to regulate Wall Street in the wake of the 1929 stock market crash and the ensuing Great Depression. With deep reporting and vivid storytelling, Diana B. Henriques takes listeners back to a time when America’s financial landscape was a jungle ruled by the titans of vast wealth, largely unrestrained by government. Roosevelt ran for office in 1932 vowing to curb that ruthless capitalism and make the world of finance safer for ordinary savers and investors.

Here is a bold new history of economics, the dramatic story of how the great economic thinkers built a rigorous social science without peer.

Triffin’s Dilemma: Why Economic Power Always Ends in Collapse is a gripping deep dive into the structural flaw at the core of every global currency system. From ancient empires to the modern dollar-based order, this meticulously researched narrative exposes a repeating pattern: monetary dominance leads to overreach, overreach leads to fragility, and collapse follows. It’s not ideology—it’s math. Named after economist Robert Triffin, the dilemma explains why any nation issuing the world’s reserve currency must eventually undermine its own economic foundation. The book tracks this ...

From the immense staff running a lavish Edwardian estate and the lonely maid-of-all-work cooking in a cramped middle-class house to the poor child doing chores in a slightly less poor household, servants were essential to the British way of life. They were hired not only for their skills but also to demonstrate the social standing of their employers - even as they were required to tread softly and blend into the background. More than simply the laboring class serving the upper crust - as popular culture would have us believe - they were a diverse group that shaped and witnessed major changes in the modern home, family, and social order.

The book covers Walter P. Chrysler's life and automotive career before 1925, when he founded the Chrysler Corporation, to 1998, when it merged with Daimler-Benz. Chrysler made a late entrance into the industry in 1925, when it emerged from Chalmers and Maxwell, and further grew when it absorbed Dodge Brothers and American Motors Corporation.

Acclaimed economist and BBC broadcaster Linda Yueh profiles the great economic minds who focused on the big questions: growth, innovation, and the nature of markets. Most of them have won the Nobel Prize. All of them have had lasting impact on both the development of the discipline and how public policy has been and continues to be shaped. But Dr. Yueh goes a step further: In accessible and clear prose, she will explain the impact their respective research has on combating today's great economic problems.

When the sixth Earl Fitzwilliam died in 1902, he left behind the second largest estate in 20th-century England, valued at more than three billion dollars in today's money - a lifeline to the tens of thousands of people who worked either in the family's coal mines or on their expansive estate. The earl also left behind four sons, and the family line seemed assured. But was it?

Why Immigrants Are a Financial Gift to America's Economy is a direct, deeply-researched takedown of the tired myth that immigrants are a burden to the United States. This book exposes how the American economy depends on—and profits enormously from—foreign-born labor. Through thirty no-nonsense chapters, readers are taken through a historical, economic, and political autopsy of how immigration is used not only as a labor force but also as a convenient scapegoat during times of national decline. From the back-breaking work done by immigrants in railroads, agriculture, and healthcare, to ...

Sheila Ramos’s story mirrors the lives of millions of Americans who have lost their homes since the beginning of the housing crisis in 2007. The Great American Foreclosure Story details with clarity and empathy the road that led Ramos and so many like her toward financial ruin. Alongside Ramos’s story are additional investigations documenting the systematic failures at banks, mortgage servicers, and government watchdogs that have exacerbated the country’s most severe foreclosure crisis since the Great Depression.

The governments and central banks of the developed world have tried every policy tool imaginable, yet our economies remain sluggish, or worse. How did we get here, and how can we emerge from the longest downturn in recent memory? Daniel Alpert, a progressive Wall Street banker and economist, argues that we are living in the age of oversupply.

Prepare to delve into the dynamic universe of economics as you've never seen it before. "China's Economic Ascendance" presents an enthralling and comprehensive in-depth examination of China's extraordinary economic journey. This is no mere textbook but a vibrant and exciting exploration that will captivate anyone with an interest in China, economics, or the intriguing interplay between them. In this detailed tome, you'll traverse the terrain from the foundations of Mao's era to the present day, covering a broad spectrum of topics from China's integration into the global economy, the entry ...

As World War I drew to a close, change reverberated through the halls of England's country homes. As the sun set slowly on the British Empire, the shadows lengthened on the lawns of a thousand stately homes. In The Long Weekend, historian Adrian Tinniswood introduces us to the tumultuous, scandalous, and glamorous history of English country houses during the years between world wars.

Over the course of a decade spent reporting on the ground in China as a financial journalist, Dinny McMahon gradually came to the conclusion that the widely held belief in China’s inevitable economic ascent is dangerously wrong. Debt, entrenched vested interests, a frenzy of speculation, and an aging population are all pushing China toward an economic reckoning. China’s Great Wall of Debt unravels an incredibly complex and opaque economy, one whose fortunes - for better or worse - will shape the globe like never before.

The American economy is strong in large part because nobody believes that America would ever default on its debt. Yet in 1933, Franklin D. Roosevelt did just that, when in a bid to pull the country out of depression, he depreciated the US dollar in relation to gold, effectively annulling all debt contracts. American Default is the story of this forgotten chapter in America's history.