Reviewer: Duncan Brown, UK Commission for Employment & Skills
Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the "Great Inflation" that spanned the late 1960s to early 1980s. Yet, in this book, Brigitte Granville makes the case that monetary economists and policymakers need to keep the lessons learned during that period very much in mind, lest we return to them by making the same mistakes we made in the past.
Government Paternalism: Nanny State or Helpful Friend?
Reviewer: Neil Reeder, Head and Heart Economics
Should governments save people from themselves? Do governments have the right to influence citizens' behavior related to smoking tobacco, eating too much, not saving enough, drinking alcohol, or taking marijuana—or does this create a nanny state, leading to infantilization, demotivation, and breaches in individual autonomy? Looking at examples from both sides of the Atlantic and around the world, Government Paternalism examines the justifications for, and the prevalence of, government involvement and considers when intervention might or might not be acceptable.
Post‑Capitalism: A guide to our future
Reviewer: Dr Rebecca Harding, Independent Consultant
From Paul Mason, the award-winning Channel 4 presenter, Postcapitalism is a guide to our era of seismic economic change, and how we can build a more equal society.
Classical Liberalism: A primer
Reviewer: Diane Coyle, Enlightenment Economics & University of Manchester
Classical liberalism is one of the most important political and social philosophies. Indeed, this set of ideas was crucial in bringing the modern world into existence.Yet despite its huge contribution, today classical liberalism is poorly understood and often misrepresented, its insights neglected in an era of pervasive state intervention. Eamonn Butler's primer is therefore extremely welcome.
Measuring Happiness: The Economics of Well‑Being
Reviewer: Tony Dolphin, Senior Economist, IPPR
The authors examine the evolution of happiness research, considering the famous "Easterlin Paradox," which found that people's average life satisfaction didn't seem to depend on their income. But they question whether happiness research can measure what needs to be measured. They argue that we should not assess people's well-being on a "happiness scale," because that necessarily obscures true social progress. Instead, rising income should be understood as increasing opportunities and alleviating scarcity.
Inequality: What can be done?
Reviewer: Dame Kate Barker, Chairman, Society of Business Economists
Inequality is one of our most urgent social problems. Curbed in the decades after World War II, it has recently returned with a vengeance. Anthony Atkinson has long been at the forefront of research on inequality, and brings his theoretical and practical experience to bear on its diverse problems. In this book, he presents a comprehensive set of policies that could bring about a genuine shift in the distribution of income in developed countries.
The Trouble with Europe
Reviewer: Donald Anderson
The EU needs fundamental reform: it has not delivered the prosperity and growth it promised; the euro has turned out to be part of the problem rather than the solution; the EUs share of world GDP is set to fall sharply. This updated and expanded edition of Roger Bootle s critically acclaimed book includes new material on federal union, policies to avert catastrophe in the Eurozone (including the Greek situation) and mass migration.
Wildcat Currency: How the Virtual Money Revolution is Transforming the Economy
Reviewer: Nigel Dodd, Professor of Sociology, London School of Economics
Today's economy has seen an explosion of new forms of monetary exchange not created by the federal government. Credit card companies offer points that can be traded in for a variety of goods and services, from airline miles to online store credit. Online game creators have devised new mediums of electronic exchange that turn virtual money into real money. In this dynamic and essential work, Edward explores the current phenomenon of virtual currencies and what it will mean legally,
Breadline Britain. The rise of mass poverty
Reviewer: Rosemary Connell
Poverty in Britain is at post-war highs and - even with economic growth -is set to increase yet further. Food bank queues are growing, levels of severe deprivation have been rising, and increasing numbers of children are left with their most basic needs unmet.
Based on exclusive access to the largest ever survey of poverty in the UK, and its predecessor surveys in the 1980s and 1990s, Stewart Lansley and Joanna Mack track changes in deprivation and paint a devastating picture of the reality of poverty today and its causes.
Misbehaving: How Economics Became Behavioural
Reviewer: Ian Bright
Why are we more likely to forgo the opportunity to sell a £100 bottle of wine rather than actually taking money out our wallet to pay for it, when ultimately the 'opportunity cost' of doing so is the same? Why would the 'endowment effect' mean that we value a free ticket worth hundreds of pounds more than the money we would get from selling it? In this new, ambitious work, Thaler presents his findings in behavioural economics and breaks down the biases and irrational tendancies in our thinking, showing us how to avoid making costly mistakes in life.