How Economic Professors Can Stop Failing Us
The Discipline at a Crossroads
Reviewer: Kevin Gardiner
This book provides an eye-opening expose on economics professors that will surely shock anyone who is not familiar with the topic, and even some of those who are familiar with it. It is critical of the behavior of economics professors, but is not critical of the field of economics itself.
Adam Smith: What He Thought and Why It Matters
Reviewer: Bridget Rosewell
Adam Smith is now widely regarded as 'the father of modern economics' and the most influential economist who ever lived. But what he really thought, and what the implications of his ideas are, remain fiercely contested. Was he an eloquent advocate of capitalism and the freedom of the individual? Or a prime mover of 'market fundamentalism' and an apologist for inequality and human selfishness? Or something else entirely? Jesse Norman's brilliantly conceived \book gives us not just Smith's economics, but his vastly wider intellectual project. Against the turbulent backdrop of Enlightenment Scotland, it lays out a succinct and highly engaging account of Smith's life and times, reviews his work as a whole and traces his influence over the past two centuries.
Why Xi’s China Is In Jeopardy
Reviewer: Keith Wade, Chief Economist, Schroders
A trusted economic commentator provides a penetrating account of the threats to China's continued economic rise Under President Xi Jinping, China has become a large and confident power both at home and abroad, but the country also faces serious challenges. In this critical take on China's future, economist George Magnus explores four key traps that China must confront and overcome in order to thrive: debt, middle income, the Renminbi, and an aging population.
Populism and Economics
Reviewer: Dame Kate Barker, Chairman of Trustees, British Coal Staff Superannuation Scheme
Populism and Economics, Charles Dumas' latest book, examines the reasons for the rise in populism - Brexit and the election of Trump among other events - and how this discontent with the status quo has affected economics, both perceptions and reality.
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?
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?
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?
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.
Till Time’s Last Sand
A History of the Bank of England
Reviewer: Kevin Gardner, Economics & Intl Divisions, Bank of England (1982-86)
David Kynaston was born in Aldershot in 1951. He has been a professional historian since 1973 and has written eighteen books, including The City of London (1994-2001), a widely acclaimed four-volume history, and W.G.'s Birthday Party, an account of the Gentleman vs. the Players at Lord's in July 1898. He is the author of Austerity Britain, 1945-51, the first title in a series of books covering the history of post-war Britain (1945-1979) under the collective title 'Tales of a New Jerusalem'. He is currently a visiting professor at Kingston University.
Edge of Chaos
Why Democracy Is Failing to Deliver Economic Growth‑and How to Fix It
Reviewer: Rosemary Connell
In Edge of Chaos, Dambisa Moyo sets out the new political and economic challenges facing the world, and the specific, radical solutions needed to resolve these issues and reignite global growth. Dambisa enumerates the four headwinds of demographics, inequality, commodity scarcity and technological innovation that are driving social and economic unrest, and argues for a fundamental retooling of democratic capitalism to address current problems and deliver better outcomes in the future.