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Book reviews

<1…9101112131415161718…26>

British imperialism and the making of colonial currency systems

Reviewer: William A Allen, NIESR

Covering the colonial Empire (including West Indies, India, Singapore, West Africa and East Africa), this book is a detailed revisionist history of the British imperial manipulations of colonial currency systems to facilitate the rise of sterling to world supremacy via the gold standard, and to slow its eventual decline after World War I. This book provides a new perspective on theories of imperialism, colonial money and colonial underdevelopment, with possible geostrategic historical lessons for the US dollar and emerging global currencies such as Chinese renminbi and the Euro.

Cents and Sensibility

What Economics can Learn from the Humanities

Reviewer: Richard Bronk, London School of Economics and Political Science

Gary Saul Morson and Morton Schapiro trace the connection between Adam Smith's great classic, The Wealth of Nations, and his less celebrated book on The Theory of Moral Sentiments, and contend that a few decades later Jane Austen invented her groundbreaking method of novelistic narration in order to give life to the empathy that Smith believed essential to humanity. Cents and Sensibility demonstrates the benefits of a freewheeling dialogue between economics and the humanities by addressing a wide range of problems drawn from the economics of higher education, the economics of the family, and the development of poor nations.

President Trump, Inc.

How Big Business and Neoliberalism Empower Populism and the Far Right

Reviewer: Dr Rebecca Harding, CEO, Equant Analytics

With Trump in the White House, big business has direct power in government. Trump has stacked his cabinet with former employees of investment banks, big oil and international corporations. Now that big business has its representatives in the cabinet, it no longer needs to indulge in expensive lobbying. Under Trump, corporations control US policy. How and why did this happen and what does it mean for the bulk of the population?

The Money Formula

Dodgy Finance, Pseudo Science, and How Mathematicians Took Over the Markets

Reviewer: Bridget Rosewell, Volterra Partners

The Financial Diaries

How American Families Cope in a World of Uncertainty

Reviewer: Sunil Krishnan, Santander Asset Management

Happiness For All?

Unequal Hopes and Lives In Pursuit of the American Dream

Reviewer: Sunil Krishnan, Santander Asset Management

Basic Income

And how we can make it happen

Reviewer: Simon Briscoe

Basic Income

A Radical Proposal for a Free Society and a Sane Economy

Reviewer: Simon Briscoe

Adaptive Markets

Financial Evolution at the Speed of Thought

Reviewer: Bridge Rosewell, Volterra Partners Ltd

The Limits of The Market

The Pendulum Between Government and Market

Reviewer: Rosemary Connell

The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book.

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Articles reflect the authors’ views which are not necessarily shared by the Society or the Editors. The Editors welcome comments, ideas and articles on a wide range of applied economics topics and related issues of more general interest.

For Books and Reviews contact:
Ian Harwood
Book Reviews Editor, The Society of Professional Economists
harwoodfive@btinternet.com

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