Politics & Economics

In this revelatory book, Ha-Joon Chang destroys the biggest myths of our times and shows us an alternative view of the world, including: There's no such thing as a 'free' market Globalization isn't making the world richer We don't live in a digital world - the washing machine has changed lives more than the internet Poor countries are more entrepreneurial than rich ones Higher paid managers don't produce better results We don't have to accept things as they are any longer. Ha-Joon Chang is he...

This book is a print on demand title. Orders of this title are expected to be fulfilled within 4 to 6 weeks upon purchase. Click here to find out more about when your print on demand title will ship. “Money is a matter of functions four: a medium, a measure, a standard, a store.” But money is always a medium of communication too, whether about price or about political conviction and authority, fealty, desire, or disdain. In a work that spans 4,500 years, 54 experts chart across six volumes ho...

What causes poverty? Are economic crises inevitable under capitalism? Is government intervention in an economy a helpful approach or a disastrous idea? The answers to such basic economic questions matter to everyone, yet the unfamiliar jargon and math of economics can seem daunting. This clear, accessible, and even humorous book is ideal for young readers new to economics and for all readers who seek a better understanding of the full sweep of economic history and ideas. Economic historian Ni...

Tough times don't last. Tough people do. In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. Here Taleb stands uncertainty on its head, making it desirable, even necessary. The antifragile is beyond the resilient or robust. The resilient resists shocks and stays the same; the antifragile gets better and better. Just as human bones get stronger when subjected to stress and tension, many things in life benefit from stres...

Artistic labour was exemplary for Utopian Socialist theories of 'attractive labour', and Marxist theories of 'nonalienated labour', but the rise of the anti-work movement and current theories of 'fully automated luxury communism' have seen art topple from its privileged place within the left's political imaginary as the artist has been reconceived as a prototype of the precarious 24/7 worker. Art and Postcapitalism argues that art remains essential for thinking about the intersection of labou...

The State of Indiana denies one million applications for healthcare, foodstamps and cash benefits in three years―because a new computer system interprets any mistake as “failure to cooperate.” In Los Angeles, an algorithm calculates the comparative vulnerability of tens of thousands of homeless people in order to prioritize them for an inadequate pool of housing resources. In Pittsburgh, a child welfare agency uses a statistical model to try to predict which children might be future victims o...

In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup “unicorn” promised to revolutionize the medical industry with a machine that would make blood testing significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at more than $9 billion, putting Holmes’s worth at an estimated $4.7 billion. There was just one pro...

The controversial science that claims to have revolutionised economics. For centuries, economics was dominated by the idea that we are rational individuals who optimise our own 'utility'. Then, in the 1970s, psychologists demonstrated that the reality is a lot messier. We don't really know what our utility is, and we care about people other than ourselves. We are susceptible to external nudges. And far from being perfectly rational we are prone to 'cognitive biases' with complex effects on de...

Businesses have a big role to play in a capitalist society. They can tip the scales toward the benefit of the few, with toxic side effects for all, or they can guide us toward better, more equitable long-term solutions. Christopher Marquis tells the story of the rise of a new corporate form—the B Corporation. Founded by a group of friends who met at Stanford, these companies undergo a rigorous certification process, overseen by the B Lab, and commit to putting social benefits, the rights of w...

Economic historian Deirdre Nansen McCloskey has distinguished herself through her writing on the Great Enrichment and the betterment of the poor-not just materially but spiritually. In Bettering Humanomics she continues her intellectually playful yet rigorous analysis with a focus on humans rather than the institutions. Going against the grain of contemporary neo-institutional and behavioral economics which privilege observation over understanding, she asserts her vision of "humanomics," whic...

Amazon is the business story of the decade. Jeff Bezos, the richest man on the planet, has built one of the most efficient wealth-creation machines in history. Like a giant squid, Amazon's tentacles are squeezing industry after industry and, in the process, upsetting the state of technology, the economy, job creation and society at large. So pervasive is Amazon's impact that business leaders in almost every sector need to understand how this force of nature operates and how they can respond t...

Be honest: if your job didn't exist, would anybody miss it? Have you ever wondered why not? Up to 40% of us secretly believe our jobs probably aren't necessary. In other words: they are bullshit jobs. This book shows why, and what we can do about it. In the early twentieth century, people prophesied that technology would see us all working fifteen-hour weeks and driving flying cars. Instead, something curious happened. Not only have the flying cars not materialised, but average working hours ...

The expansion of capitalism and neoliberal ideologies have delivered economic integration between countries and brought global inter-connectedness to individuals. So why do so many people now feel that they are ‘citizens of nowhere’, disparaged by the ‘cosmopolitan elites’? Has democracy and the power of nation states been irredeemably weakened by unfettered global finance, opaque forms of global governance, and the power of transnational corporations? Can the huge rise in social and economic...

Since the opening up of India's economy in 1991, wealth has poured into the country, and especially into Delhi. Capital bears witness to the astonishing metamorphosis of India's capital city, charting its emergence from a rural backwater to the center of India's new elites. No other place on earth better embodies the breakneck, radically disruptive nature of the global economy's growth over the past twenty years. In a series of extraordinary meetings with a wide swath of the population--from ...

Where does prosperity come from, and how does it spread through a society? What role does innovation play in creating prosperity and why do some eras see the fruits of innovation spread more democratically, and others, including our own, find the opposite? In Capitalism in America, Alan Greenspan, legendary Chair of the Federal Reserve, distils a lifetime of grappling with these questions into a profound assessment of the decisive drivers of the US economy over the course of its history. In p...

Early in the twenty-first century, a quiet revolution occurred. For the first time, the major developed economies began to invest more in intangible assets, like design, branding, and software, than in tangible assets, like machinery, buildings, and computers. For all sorts of businesses, the ability to deploy assets that one can neither see nor touch is increasingly the main source of long-term success. But this is not just a familiar story of the so-called new economy. Capitalism without Ca...

In Capitalism: A Ghost Story, best-selling writer Arundhati Roy examines the dark side of Indian democracy--a nation of 1.2 billion, where the country's 100 richest people own assets worth one quarter of India's gross domestic product. Ferocious and clear-sighted, this is a searing portrait of a nation haunted by ghosts: the hundreds of thousands of farmers who have committed suicide to escape punishing debt; the hundreds of millions who live on less than two dollars a day. It is the story of...

illustrated by Piero Capitalism shapes every aspect of our world, beyond just our economic structures; it moulds our values and influences the way we write laws, wage wars and even conduct personal relationships. From its beginnings to the present day, Capitalism: A Graphic Guide tells the story of capitalism’s remarkable and often ruthless rise, evolving through strife and struggle as much as innovation and enterprise. This non-fiction graphic novel explores the key developments that have sh...

Foreword by Bill George "We believe that business is good because it creates value, it is ethical because it is based on voluntary exchange, it is noble because it can elevate our existence, and it is heroic because it lifts people out of poverty and creates prosperity. Free-enterprise capitalism is the most powerful system for social cooperation and human progress ever conceived. It is one of the most compelling ideas we humans have ever had. But we can aspire to something even greater." -- ...

In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing gr...

An unsparing analysis of class power and computerisation, Cyber-Proletariat shows us the dark-side of the information revolution. From Coltan mines in the Congo; electronics factories in China and devastated neighbourhoods in Detroit, this book reveals how technology facilitates growing polarisation between wealthy elites and precarious workers. Nick Dyer-Witheford reveals the class domination behind everything from expanding online surveillance to intensifying robotisation. At the same time,...

Life expectancy in the United States has recently fallen for three years in a row--a reversal not seen since 1918 or in any other wealthy nation in modern times. In the past two decades, deaths of despair from suicide, drug overdose, and alcoholism have risen dramatically, and now claim hundreds of thousands of American lives each year--and they're still rising. Anne Case and Angus Deaton, known for first sounding the alarm about deaths of despair, explain the overwhelming surge in these deat...

Before there was money, there was debt. For more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that is, long before the invention of coins or cash. It is in this era that we also first encounter a society divided into debtors and creditors—which lives on in full force to this day. So says anthropologist David Graeber in a stunning reversal of conventional wisdom. He shows that arguments about debt and debt...

Bitcoin may appear to be a revolutionary form of digital cash without precedent or prehistory. In fact, it is only the best-known recent experiment in a long line of similar efforts going back to the 1970s. But the story behind cryptocurrencies like Bitcoin and its blockchain technology has largely been untold-until now. In Digital Cash, Finn Brunton reveals how technological utopians and political radicals created experimental money to bring about their visions of the future: protecting priv...

What is economics? What can - and can't - it explain about the world? Why does it matter? Ha-Joon Chang teaches economics at Cambridge University, and writes a column for the Guardian. The Observer called his book 23 Things They Don't Tell You About Capitalism, which was a no.1 bestseller, 'a witty and timely debunking of some of the biggest myths surrounding the global economy.' He won the Wassily Leontief Prize for advancing the frontiers of economic thought, and is a vocal critic of the fa...

Translated by Stacy Mosher This revelatory account of the ways silver shaped Chinese history shows how an obsession with "white metal" held China back from financial modernization. First used as currency during the Song dynasty in around 900 CE, silver gradually became central to China's economic framework and was officially monetized in the middle of the Ming dynasty during the sixteenth century. However, due to the early adoption of paper money in China, silver was not formed into coins but...

Nusantaria - often referred to as 'Maritime Southeast Asia' - is the world's largest archipelago and has, for centuries, been a vital cultural and trading hub. Nusantara, a Sanskrit, then Malay, word referring to an island realm, is here adapted to become Nusantaria - denoting a slightly wider world but one with a single linguistic, cultural and trading base. Nusantaria encompasses the lands and shores created by the melting of the ice following the last Ice Age. These have long been primaril...

Thousands of Palestinians, including children, are building and working on illegal Israeli settlements. Their bitter toil entails a daily rejection of their rights and subjects them to dangerous working conditions. Employing the Enemy is a deeply moving narrative that paints a faithful portrait of these workers and their families. Matthew Vickery explores not only the rationale, emotions and consequences of such employment but also why and how people collude with their own oppression. In doin...

During the twentieth century, America managed to make its economic and social systems both more and more fair and more and more prosperous. A huge, secure, and contented middle class emerged. All boats rose together. But then the New Deal gave way to the Raw Deal. Beginning in the early 1970s, by means of a long war conceived of and executed by a confederacy of big business CEOs, the superrich, and right-wing zealots, the rules and norms that made the American middle class possible were under...

A sense of urgency pervades global environmentalism, and the degrowth movement is bursting into the mainstream. As climate catastrophe looms closer, people are eager to learn what degrowth is about, and whether we can save the planet by changing how we live. This book is an introduction to the movement. As politicians and corporations obsess over growth objectives, the degrowth movement demands that we must slow down the economy by transforming our economies, our politics and our cultures to ...

To predict our future, we must look to the extremes. So argues the economist Richard Davies, who takes readers to the margins of the modern economy and beyond in his globe-trotting book. From a prison in rural Louisiana where inmates purchase drugs with prepaid cash cards to the poorest major city on earth, where residents buy clean water in plastic bags, from the world's first digital state to a prefecture in Japan whose population is the oldest in the world, how these extreme economies func...

'Shanzhai' from Cantonese slang, refers to the production of fake goods in China, which enjoy an anti-authoritarian-like dissemination across the global market. Starting with mobile phones, now fashion brands are subverted in this way, with many women at the helm of design and production. Fashioning China looks at the women designers simultaneously subverting and reinforcing the nationalist-developmentalist, masculinist and technocratic dream of brands that are 'Made in China'. Broadening the...

What was history's biggest empire? Or the tallest building of the ancient world? What was the average life expectancy in medieval Byzantium? The average wage in Old Kingdom Egypt? Where did scientific writing first emerge? What was the bloodiest ritual human sacrifice ever? We are used to thinking about history in terms of stories. Yet we understand our own world through data: vast arrays of statistics that reveal the workings of our societies. So, join the radical historians Peter Turchin an...

2008 saw one of the worst financial crises in generations, the global implications of which are still being felt today. Ten years later Ben Bernanke, Timothy Geithner and Hank Paulson reflect on the causes of the crisis, why it was so damaging, and what it ultimately took to prevent a second Great Depression. All three had crucial roles in the government's response--Ben S. Bernanke as chairman of the Federal Reserve; Henry M. Paulson, Jr., as secretary of the Treasury under President George W...

When discussing inequality and poverty in Hong Kong, scholars and politicians often focus on the failures of government policy and push for an increase in social welfare. Richard Wong argues in Fixing Inequality in Hong Kong that universal retirement support, minimum wage, and standard hours of work are of limited effect in shrinking the inequality gap. By comparing Hong Kong with Singapore, he points out that Hong Kong needs a new and long-term strategy on human resource policy. He recommend...

In Michael Lewis's game-changing bestseller, a small group of Wall Street iconoclasts realize that the U.S. stock market has been rigged for the benefit of insiders. They band together―some of them walking away from seven-figure salaries―to investigate, expose, and reform the insidious new ways that Wall Street generates profits. If you have any contact with the market, even a retirement account, this story is happening to you.Hardback: 288 PagesProduct Dimensions: 165 x 235 mmISBN: 978039324...

In Michael Lewis's game-changing bestseller, a small group of Wall Street iconoclasts realize that the U.S. stock market has been rigged for the benefit of insiders. They band together—some of them walking away from seven-figure salaries—to investigate, expose, and reform the insidious new ways that Wall Street generates profits. If you have any contact with the market, even a retirement account, this story is happening to you.Paperback: 320 pagesProduct Dimensions: 129 x 198 mmISBN: 97801419...

New York is a city of highs and lows, where wealthy elites share the streets with desperate immigrants and destitute locals. Bridging this economic divide is New York's underground economy, the invisible network of illicit transactions between rich and poor that secretly weaves together the whole city. Sudhir Venkatesh, acclaimed sociologist at Columbia University and author of Gang Leader for a Day, returns to the streets to connect the dots of New York's divergent economic worlds and crack ...

Finding opportunities for innovation on the path between farmer and table. Even if we think we know a lot about good and healthy food--even if we buy organic, believe in slow food, and read Eater--we probably don't know much about how food gets to the table. What happens between the farm and the kitchen? Why are all avocados from Mexico? Why does a restaurant in Maine order lamb from New Zealand? In Food Routes, Robyn Metcalfe explores an often-overlooked aspect of the global food system: how...

Fooled by Randomness is a standalone book in Nassim Nicholas Taleb's landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don't understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes. Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb-veteran trader, renowned...

As digital transformations continue to accelerate in the world, discourses of big data have come to dominate in a number of fields, from politics and economics, to media and education. But how can we really understand the digital world when so much of the writing through which we grapple with it remains deeply problematic? In a compelling new work of feminist critical theory, Bassett, Kember and O'Riordan scrutinise many of the assumptions of a masculinist digital world, highlighting the tend...

It has never been more important for business leaders to look to the future. Yet, when we are living through some of the most uncertain times we have ever faced, it can feel daunting to know where to start. In Future-Proof Your Business, applied futurist Tom Cheesewright will reveal industry techniques and tools to help you: scan the near horizon for incoming shocks, look to the far future to define long-term strategy, accelerate decision-making in your business, delegate power to the front l...

You are being automated. After decades of hype and sci-fi fantasies, artificial intelligence is leaping out of research labs and into the center of our lives. Automation doesn’t just threaten our jobs. It shapes our entire human experience, with AI and algorithms influencing the TV shows we watch, the music we listen to, the beliefs we hold, and the relationships we form. And while the age-old debate over whether automation will destroy jobs rages on, an even more important question is being ...

Gross Domestic Product (GDP) is the world's economic health-check, an influential ranking of global prosperity. A rising number is manna for markets and keeps business buzzing; a falling one is a portent of doom for everyone. But, as science writer Ehsan Masood deftly shows, GDP can be unforgiving for those countries that cannot be - or choose not to be - measured by its rules. And it fails to measure much of what is really important to our lives. GDP was created to help Western economies reb...

In 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 cutti...

Great Economic Thinkers presents an accessible introduction to the lives and works of the most influential economists of modern times: Adam Smith, David Ricardo, John Stuart Mill, Karl Marx, Alfred Marshall, Joseph Schumpeter, John Maynard Keynes, and Nobel Prize winners Friedrich Hayek, Milton Friedman, John Forbes Nash Jr, Daniel Kahneman, Amartya Sen and Joseph Stiglitz. Free from jargon and equations, the book describes key economic concepts - from the role played by the division of labou...

Throughout history, successful societies have created institutions which channel both competition and co-operation to achieve complex goals of general benefit. These institutions make the difference between societies that thrive and those paralyzed by discord, the difference between prosperous and poor economies. Such societies are pluralist but their pluralism is disciplined. Successful societies are also rare and fragile. We could not have built modernity without the exceptional competitive...

Growth has been both an unspoken and an explicit aim of our individual and collective striving. It governs the lives of microorganisms and galaxies; it shapes the capabilities of our extraordinarily large brains and the fortunes of our economies. Growth is manifested in annual increments of continental crust, a rising gross domestic product, a child's growth chart, the spread of cancerous cells. In this magisterial book, Vaclav Smil offers systematic investigation of growth in nature and soci...