Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools, Nobel Prize-winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception.
"Good examples and reasoning."
Henry Kissinger has traveled the world, advised presidents, and been a close observer and participant in the central foreign policy events of our era. Now he offers his analysis of the twenty first century's ultimate challenge: how to build a shared international order in a world of divergent historic perspectives, violent conflict, proliferating technology, and ideological extremism.
"More retrospective than future oriented"
In Saving Capitalism, Robert Reich reveals the entrenched cycles of power and influence that have damaged American capitalism, perpetuating a new oligarchy in which the 1 percent get ever richer and the rest - middle and working class alike - lose ever more economic agency, making for the greatest income inequality and wealth disparity since World War II.
"A riveting economics book! Mind. Blown."
Peggy Noonan is one of the most brilliant and influential political thinkers and writers of our time. The author of five best-selling books (What I Saw at the Revolution is now a classic), her column in The Wall Street Journal is a must-read for millions of Americans. Witty, incisive, and always original, Peggy Noonan is a conservative intellectual with wide-reaching appeal across the political spectrum. Now, for the first time, the best of Noonan's writing will be collected in one indispensable volume.
"Background and insight on US social evolution"
Just two months into his presidency, Ronald Reagan lay near death after a gunman's bullet came within inches of his heart. His recovery was nothing short of remarkable - or so it seemed. But Reagan was grievously injured, forcing him to encounter a challenge that few men ever face. Could he silently overcome his traumatic experience while at the same time carrying out the duties of the most powerful man in the world?
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories.
"Audio format still useful to get the gist of it"
©2009 Chautauqua Institution (P)2009 Chautauqua Institution
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