How collective intelligence can change our world
Reviewer: Catherine Connolly
A new field of collective intelligence has emerged in the last few years, prompted by a wave of digital technologies that make it possible for organizations and societies to think at large scale. This "bigger mind"–human and machine capabilities working together–has the potential to solve the great challenges of our time. So why do smart technologies not automatically lead to smart results? Gathering insights from diverse fields, including philosophy, computer science, and biology, Big Mind reveals how collective intelligence can guide corporations, governments, universities, and societies to make the most of human brains and digital technologies.
The Myth of Independence
How Congress Governs the Federal Reserve
Reviewer: William Allen
Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence traces the Fed's transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later.
The Weaponization of Trade
The Great Unbalancing of Politics and Economics
Reviewer: Ian Bright
Trade is being weaponized – and this is not good. As politicians on both sides of the Atlantic raise the stakes, trade is increasingly a tool of coercion to achieve strategic influence. This book looks at the risks for us all as trade becomes an instrument of foreign policy, and it shows how politicians could turn things around.
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.
The Political Power of Global Corporations
Reviewer: Christine Shields
In this book, John Mikler re–casts global corporations as political actors with complex identities and strategies. Debunking the idea of global corporations as exclusively profit–driven entities, he shows how they seek not only to drive or modify the agendas of states but to govern in their own right. He also explains why we need to re–territorialize global corporations as political actors that reflect and project the political power of the states and regions from which they hail.
How Global Currencies Work - Past, Present and Future
Reviewer: William A Allen, National Institute of Economic & Social Research
Offering a new history of global finance over the past two centuries, and marshalling extensive new data to test established theories of how global currencies work, Barry Eichengreen, Arnaud Mehl, and Livia Chitu argue for a new view, in which several national monies can share international currency status, and their importance can change rapidly.
Capitalism without Capital
The rise of the intangible economy
Reviewer: Matthew Whittaker
The first comprehensive account of the growing dominance of the intangible economy Early in the twenty-first century, a quiet revolution occurred. For the first time, the major developed economies began to invest more in intangible assets, like design, branding, R&D, or software, than in tangible assets, like machinery, buildings, and computers.
After the Flood
How the Great Recession changed Economic Thought
Reviewer: Bridget Rosewell, Volterra Partners & Atom Bank
The past three decades have been characterized by vast change and crises in global financial markets and not in politically unstable countries but in the heart of the developed world, from the Great Recession in the United States to the banking crises in Japan and the Eurozone. A momentous collection of the best recent scholarship, After the Flood illustrates both the scope of the crises' impact on our understanding of global financial markets and the innovative processes whereby scholars have adapted their research to gain a greater understanding of them.
Central Banks into the Breach
From Triumph to Crisis and the Road Ahead
Reviewer: Dame Kate Barker
Central banks play an important role in the course of national economies and the global economy. Their leaders are regularly feted or vilified, their policy pronouncements highly anticipated and routinely scrutinized. This is all the more so since the global financial crisis.
The past fifteen years in monetary policy is essentially the story of two mistakes and one triumph, argues Pierre L. Siklos, a professor of economics at Wilfrid Laurier University. One mistake was that central bankers underestimated the connection between finance and the real economy. The other was a failure to realize how inter-connected the world's financial system had become. The triumph, in turn, was the recognition that price stability is a desirable objective.