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.
Something Will Turn Up: Britain’s Economy, Past, Present and Future
Reviewer: Andrew Sentance, Senior Economic Adviser, PwC
Overcoming economic decline, inflation and mass unemployment have challenged successive Chancellors of the Exchequer. Britain's leading economic journalists explains why some of them have made a better fist of it than others.
The Lion Wakes – a Modern History of HSBC
Reviewer: Bill Allen, Economic Consultant
The Lion Wakes tells the modern story of HSBC, starting in the late 1970s, when the bank first broke out of the Asia-Pacific region with its purchase of Marine Midland Bank in the US. It follows HSBC's battle to purchase Midland Bank in1992, the subsequent move of head office from Hong Kong to London, and the string of acquisitions that brought the bank to its pre-eminent place in global finance today. Acclaimed historians Richard Roberts and David Kynaston chronicle the bank's struggles as well as its successes: the last part of the book deals with the ill-fated move into consumer finance in the US, as well as the financial crisis of 2008 and its effect on HSBC. Impeccably researched and generously illustrated from the HSBC archives, this is a valuable addition to global financial history.
Urban Economics and Urban Policy: Challenging Conventional Policy Wisdom
Reviewer: Neil Reeder, Director, Head and Heart Economics
In this bold, exciting and readable volume, Paul Cheshire, Max Nathan and Henry Overman illustrate the insights that recent economic research brings to our understanding of cities, and the lessons for urban policy-making. The authors present new evidence on the fundamental importance of cities to economic wellbeing and to the enrichment of our lives. They also argue that many policies have been trying to push water uphill and have done little to achieve their stated aims; or, worse, have had unintended and counterproductive consequences.
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.