Contemporary Economics

Intriguing and entertaining, The $12 Million Stuffed Shark is a Freakonomics approach to the economics and psychology of the contemporary art world. Why were record prices achieved at auction for works by 131 contemporary artists in 2006 alone, with astonishing new heights reached in 2007? Don Thompson explores the money, lust, and self-aggrandizement of the art world in an attempt to determine what makes a particular work valuable while others are ignored.

The greatest challenges facing humankind, according to Deirdre Nansen McCloskey, are poverty and tyranny, both of which hold people back. Arguing for a return to true liberal values, this engaging and accessible book develops, defends, and demonstrates how embracing the ideas first espoused by 18th-century philosophers like Locke, Smith, Voltaire, and Wollstonecraft is good for everyone. In McCloskey's view, liberalism leads to equality, but equality does not necessarily lead to liberalism - and the fixation of the left on inequality is counterproductive.

Magnolia and BJ are reeling from a devastating loss as they try to plan what’s been dubbed “the wedding of the century”. As family tensions mount and their respective pasts begin catching up to them, they finally have to look the truth in the eye: Can they learn to trust and be with one another again, or will they die trying?

In Let Them Eat Tweets, best-selling political scientists Jacob S. Hacker and Paul Pierson offer a definitive answer: the Republican Party serves its plutocratic masters to a degree without precedent in modern global history. Conservative parties, by their nature, almost always side with the rich. But when faced with popular resistance, they usually make concessions, allowing some policies that benefit the working and middle classes. After all, how can a political party maintain power in a democracy if it serves only the interests of a narrow and wealthy slice of society?

The Great Recession, institutional dysfunction, a growing divide between urban and rural prospects, and failed efforts to effectively address immigration have paved the way for a populist backlash that disrupts the postwar bargain between political elites and citizens. Whether today's populism represents a corrective to unfair and obsolete policies or a threat to liberal democracy remains up for debate. To respond to today's crisis, good leaders must strive for inclusive economic growth while addressing social and cultural issues, including demographic anxiety, with frank attention.

It’s been five years since Andi McDermott lost her husband, and she's finally starting to feel like herself again, ready to live fully—she’s even started dating again. But when her holiday plans with her stepson and his fiancée fall through, she refuses to spend another Christmas alone while everyone is celebrating with their families. Impulsively, she decides to go up to her cabin in Lake Arrowhead, a place she used to love to visit but hadn’t gone to in years, not since the feud started between her husband and their nearest neighbor.

Art today is defined by its relationship to money as never before. Prices of living artists' works have been driven to unprecedented heights, conventional boundaries within the art world have collapsed, and artists now think ever more strategically about how to advance their careers. Artists no longer simply make art, but package, sell, and brand it. Noah Horowitz exposes the inner workings of the contemporary art market, explaining how this unique economy came to be, how it works, and where it's headed.

What happens when you venture outside the boundaries of a prepackaged travel experience and truly expose yourself to the history, economics, and culture of a country other than your own? We are all familiar with the Cuban cliché: decaying colonial architecture, soulful salsa dancing, refreshing cocktails by the seaside - paradise, in a nutshell. We also share a superficial understanding of Cuba’s troubled political history and economic struggles over the last decades.

Michael and Kristen Harper are overwhelmed with financial burden. After being introduced to network marketing, Michael believes he may have found a way out. When his three best friends try to discredit the industry, Michael is tempted to trust their opinions. Fortunately, he recalls an encounter he had at his father's funeral with a high school dropout turned multimillionaire named Blake Easton. After discussing it with his wife, Michael decides to call Blake and ask him for financial advice. Little does he know that one simple phone call will send the Harpers on a life-altering journey.

Once upon a time, there was an emperor so fond of new clothes that he spent all his money on being well-dressed....