Currency, Credit and Crisis:
Central Banking in Ireland and Europe
Reviewer: William A Allen, NIESR
Drawing on his experiences as Governor of the Central Bank of Ireland and in research and policy work at the World Bank, Patrick Honohan offers a detailed analytical narrative of the origins of the crisis and of policy makers' conduct during its most fraught moments.
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Are Chief Executives Overpaid?
Reviewer: Dame Kate Barker, Chairman, British Coal Staff Superannuation Scheme
In this hard-hitting book, Deborah Hargreaves explains why pay for the top 0.1% has sky-rocketed in the past 20 years.
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The Art of Statistics:
Learning from Data
Reviewer: Bridget Rosewell, Volterra Partners
In The Art of Statistics, David Spiegelhalter guides the reader through the essential principles we need in order to derive knowledge from data.
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The Cost‑Benefit Revolution
Reviewer: Jonah P Adaun
Why policies should be based on careful consideration of their costs and benefits rather than on intuition, popular opinion, interest groups, and anecdotes. Opinions on government policies vary widely. Some people feel passionately about the child obesity epidemic and support government regulation of sugary drinks. Others argue that people should be able to eat and drink whatever they like. Some people are alarmed about climate change and favor aggressive government intervention. Others don't feel the need for any sort of climate regulation. In The Cost-Benefit Revolution, Cass Sunstein argues our major disagreements really involve facts, not values
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Federal Central Banks
A comparison of the US Federal Reserve and the European Central Bank
Reviewer: James Smith, Director of Research, Resolution Foundation
Federal Central Banks is a unique study that critically examines the role and impact of central banks in federal and confederal political systems.
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Uncertain Futures
Imaginaries, Narratives, and Calculation in the Economy
Reviewer: William A Allen, Visitor, National Institute of Economic & Social Research
Uncertain Futures considers how economic actors visualize the future and decide how to act in conditions of radical uncertainty. It starts from the premise that dynamic capitalist economies are characterized by relentless innovation and novelty and hence exhibit an indeterminacy that cannot be reduced to measurable risk. The organizing question then becomes how economic actors form expectations and make decisions despite the uncertainty they face.
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The Power of Capitalism
A journey through recent history across five continents
Reviewer: Vicky Pryce, Chief Economic Adviser, CEBR
“The market has failed, we need more government intervention." That’s the mantra politicians, the media, and intellectuals have been reiterating ever since the outbreak of the 2008 financial crisis. By taking the reader on a journey across continents and through recent history, Rainer Zitelmann disproves this call for greater government intervention, and demonstrates that capitalism matters more than ever.
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Prosperity and Justice
A plan for the new economy - The Final Report of the IPPR Commission on Economic Justice
Reviewer: Dame Kate Barker, Chairman of Trustees, British Coal Staff Superannuation Scheme
The Final Report of the IPPR Commission on Economic Justice The UK economy is broken. It no longer provides rising living standards for the majority. Young people face an increasingly insecure future. The gap between rich and poor areas is widening. Meanwhile the rise of giant digital companies, the advance of automation, and catastrophic environmental degradation challenge the very foundations of our economic model. This important book analyses these profound challenges and sets out a bold vision for change.
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Will China Save the Planet?
Reviewer: Bridget Rosewell
Now that Trump has turned the United States into a global climate outcast, will China take the lead in saving our planet from environmental catastrophe? Many signs point to yes. China, the world's largest carbon emitter, is leading a global clean energy revolution, phasing out coal consumption and leading the development of a global system of green finance. But as leading China environmental expert Barbara Finamore explains, it is anything but easy.
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Money and Government
A Challenge to Mainstream Economics
Reviewer: Kevin Gardiner
The dominant view in economics is that money and government should play only a minor role in economic life. Money, it is claimed, is nothing more than a medium of exchange; and economic outcomes are best left to the 'invisible hand' of the market. The view taken in this important new book is that the omnipresence of uncertainty make money and government essential features of any market economy.
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