Power Economics

This book is written under specific conditions of which you should be aware. First, it’s not a “how to get rich” book for individuals looking to maximize their 401(k) or invest in the stock market. I have other material for these purposes. Secondly, it’s not a book for all people of all backgrounds.

“Pfeffer [blends] academic rigor and practical genius into wonderfully readable text. The leading thinker on the topic of power, Pfeffer here distills his wisdom into an indispensable guide.” —Jim Collins, author of New York Times bestselling author Good to Great and How the Mighty Fall...

NEW YORK TIMES AND WALL STREET JOURNAL BESTSELLER From two winners of the 2024 Nobel Prize in Economic Sciences, “who have demonstrated the importance of societal institutions for a country’s prosperity” “A wildly ambitious work that hopscotches through history and around the world...

What does it really mean for money to “hold value” over time? In a world where prices shift, currencies evolve, and financial systems adapt, understanding the difference between numbers on a screen and real-world purchasing power becomes increasingly important. Inflation Economics and the Changing Nature of Money offers a clear, structured exploration of how value behaves across modern economies. This book examines how inflation influences everyday financial realities and how different asset classes respond to changing conditions. Rather than focusing on predictions or outcomes, it ...

Power is not held. It is structured. Most people think power lives in leaders: presidents, generals, kings, executives, and revolutionaries. They are wrong. Power lives in systems. In Power: How Influence, Authority, and Control Shaped Civilization, Joel Thomas examines power not as a personality trait, moral virtue, or political slogan, but as a structural force that determines how societies are built, governed, stabilized, challenged, and eventually transformed. Across history, civilizations rise and fall not simply because of great leaders or decisive battles, but because power organizes...

From the bestselling author of Thinking in Bets comes a toolkit for mastering the skill of quitting to achieve greater success Business leaders, with millions of dollars down the drain, struggle to abandon a new app or product that just isn’t working. Governments, caught in a hopeless conflict...

In their bestselling first book, Prediction Machines, eminent economists Ajay Agrawal, Joshua Gans, and Avi Goldfarb explained the simple yet game-changing economics of AI. Now, in Power and Prediction, they go deeper, examining the most basic unit of analysis: the decision. The authors explain that the two key decision-making ingredients are prediction and judgment, and we perform both together in our minds, often without realizing it.

“Identity politics” is everywhere, polarizing discourse from the campaign trail to the classroom. But the “identity politics” so compulsively referenced bears little resemblance to the concept as first introduced by the radical Black feminist Combahee River Collective. While the Collective articulated a political viewpoint grounded in their own position as Black lesbians with the explicit aim of building solidarity across lines of difference, “identity politics” is now frequently weaponized as a means of closing ranks around ever-narrower conceptions of group interests.

NEW YORK TIMES BESTSELLER The epic story of how America turned the world economy into a weapon, upending decades of globalization to confront a new authoritarian axis—Russia, China, and Iran. "Deftly written, Chokepoints is a compelling and dramatic narrative about the new shape of...

In a book that “sets a new standard in economic history” (Tim Harford, author of The Undercover Economist), acclaimed economic historian Victoria Bateman tells the story of how women made the world rich How many female entrepreneurs, economic revolutionaries, merchants, and industrialists...

Spanning five centuries of history, The Rise and Fall of the Great Powers offers a sweeping exploration of how nations rise to dominance and fall into decline. Paul Kennedy masterfully examines the intricate interplay between economics and strategy, revealing how shifts in wealth and resources have shaped global power dynamics from 1500 to 2000. Filled with keen insights, this groundbreaking and important work provides a compelling lens through which to understand the forces that continue to shape our modern world.

Welcome to Energy Economics: Principles, Markets, and the Climate Transition. Energy lies at the very heart of modern economic activity, serving as both a fundamental input for industrial production and a vital prerequisite for societal development. Whether it is powering heavy manufacturing, keeping digital infrastructure alive, or fueling transportation networks, how society extracts, distributes, and consumes energy shapes global economic performance, environmental sustainability, and geopolitical dynamics. This text provides a comprehensive analytical journey through Energy Economics—...

Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction - innovation that disrupts, but that over the past 200 years has also lifted societies to previously unimagined prosperity. 

How the world broke—and how we can still save it The liberal world order that emerged after World War II—and expanded triumphantly following the Cold War—is unraveling. Multilateral cooperation is giving way to multipolar rivalry and conflict. Global norms are eroding. What comes next will...

Awarded the 2024 Nobel Prize in Economics, Daron Acemoglu and Simon Johnson overturn conventional wisdom about how economies work--revealing the untold story of who wins and who loses the rewards of prosperity--in a work that fundamentally transforms how we look at and understand the world...

NEW YORK TIMES BESTSELLER The New Yorker Best Books of 2022 Financial Times Best Books of 2022 The Economist Best Books of 2022 The dramatic rise—and unimaginable fall—of America's most iconic corporation by New York Times bestselling author and pre-eminent financial journalist...

When scholars and policymakers consider how technological advances affect the rise and fall of great powers, they draw on theories that center on the moment of innovation—the eureka moment that sparks astonishing technological feats. In this book, Jeffrey Ding offers a different explanation of how technological revolutions affect competition among great powers.

The Secret History of Gold tells the sparkling, eye-opening, and definitive story of the metal that has shaped our world—and may yet determine its fate. From its origins in the formation of the solar system to its pivotal role in ancient myth, conquest, and modern finance, Dominic Frisby reveals how gold has shaped civilizsations, built global economies, and defined systems of power over millennia.

INSTANT #1 NEW YORK TIMES BESTSELLER AN NPR BEST BOOK OF THE YEAR “A cri de coeur that takes aim at the tech industry for abandoning its history of helping America and its allies.”—The Wall Street Journal From the Palantir co-founder, one of Time’s 100 Most Influential People of...

In this ambitious and groundbreaking history of the dollar, financial journalist and economic scholar Brendan Greeley makes a new argument about the origins of our money—and the people and nations who have surrendered to it. “Brimming with startling details, this is also serious financial...