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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Unelected Power
The quest for legitimacy in central banking and the regulatory state
Reviewer: Ian Bright
Central bankers have emerged from the financial crisis as the third great pillar of unelected power alongside the judiciary and the military. They pull the regulatory and financial levers of our economic well-being, yet unlike democratically elected leaders, their power does not come directly from the people. Unelected Power lays out the principles needed to ensure that central bankers, technocrats, regulators, and other agents of the administrative state remain stewards of the common good and do not become overmighty citizens.
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The Value of Everything
Making and Taking in the Global Economy
Reviewer: Rosemary Connell
Who really creates wealth in our world? And how do we decide the value of what they do? In modern capitalism, value-extraction - the siphoning off of profits, from shareholders' dividends to bankers' bonuses - is rewarded more highly than value-creation- the productive process that drives a healthy economy and society. We misidentify takers as makers, and have lost sight of what value really means. Yet, argues Mariana Mazzucato in this penetrating and passionate new book, if we are to reform capitalism we urgently need to rethink where wealth comes from. Who is creating it, who is extracting it, and who is destroying it?
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The Growth Delusion
The Wealth and Well‑Being of Nations
Reviewer: Dr Rebecca Harding, CEO, Coriolis Technologies
In The Growth Delusion, author and prize-winning journalist David Pilling explores how economists and their cult of growth have hijacked our policy-making and infiltrated our thinking about what makes societies work. Our policies are geared relentlessly towards increasing our standard measure of growth, Gross Domestic Product. By this yardstick we have never been wealthier or happier. So why doesn't it feel that way? Why are we living in such fractured times, with global populism on the rise and wealth inequality as stark as ever?
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Fifty Things That Made The Modern Economy
Reviewer: Sunil Krishnan
The world economy defies comprehension. A continuously-changing system of immense complexity, it offers over ten billion distinct products and services, doubles in size every fifteen years, and links almost every one of the planet's seven billion people. It delivers astonishing luxury to hundreds of millions. It also leaves hundreds of millions behind, puts tremendous strains on the ecosystem, and has an alarming habit of stalling. Nobody is in charge of it. Indeed, no individual understands more than a fraction of what's going on. How can we make sense of this bewildering system on which our lives depend?
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The National Debt
A short history
Reviewer: William Allen
While it is central to today's politics, few people fully understand the National Debt and its role in shaping the course of British history. Without it, Britain would not have gained–and lost–two empires, nor won its wars against France and Germany.
From medieval times to the 2008 financial crash and beyond, The National Debt explores the changing fortunes of the Debt, and so of Great Britain.
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Reputation
What it is and Why it Matters
Reviewer: Kevin Gardiner
A compelling exploration of how reputation affects every aspect of contemporary life Reputation touches almost everything, guiding our behavior and choices in countless ways.
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