Showing titles in Theory

Today, a vast majority of us live under the economic system called capitalism―it touches almost every aspect of our lives, and most people alive have never known another. Yet, a cursory look at the world around us reveals that things can't stay this way forever: an economy built on infinite...

The unabridged, downloadable audiobook edition of Niall Ferguson's provocative bestseller, Civilization: The West and the Rest, read brilliantly by the author himself. If in the year 1411 you had been able to circumnavigate the globe, you would have been most impressed by the dazzling...

Brought to you by Penguin. Capitalism is dead. Welcome to technofeudalism. In his boldest and most far-reaching book, the visionary economist and number-one bestselling author Yanis Varoufakis shows how the owners of big tech became the world's feudal overlords – replacing capitalism with a...

What leads to political turbulence and social breakdown? How do elites maintain their dominant position? And why do ruling classes sometimes suddenly lose their grip on power? For decades, complexity scientist Peter Turchin has been studying world history like no one else. Assembling vast databases mined from 10,000 years of human activity, and then developing new models, he has transformed the way we learn from the past. End Times is the result: a ground-breaking account of how society works.

Half of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe - and as financial bubbles, crashes, and crises suggest. This is one of the biggest debates in economics, and the value or futility of investment management and financial regulation hang on the outcome. In this groundbreaking book, Andrew W. Lo cuts through this debate with a new framework.

Brought to you by Penguin. What would a fair and equal society actually look like? The world-renowned economist and bestselling author Yanis Varoufakis presents his radical and subversive answer. Imagine it is 2025. Years earlier, in the wake of the financial crisis of 2008, a global hi-tech...

A bold, hopeful, and thought-provoking account by “one of the world’s leading thinkers” (The Observer) of how we built a lonely world, how the pandemic accelerated the problem, and what we must do to come together again “A compelling vision for how we can bridge our many divides at...

In this fifth edition of Basic Economics, Thomas Sowell revises and updates his popular book on commonsense economics, bringing the world into clearer focus through a basic understanding of the fundamental economic principles and how they explain our lives. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.

It can be said of very few books that the world was changed as a result of its publication - but this is certainly the case of Capital: A Critique of Political Economy by Karl Marx (1818-1883). Volume 1 appeared (in German) in 1867, and the two subsequent volumes appeared at later dates after the author's death - completed from extensive notes left by Marx himself.

THE MUST-READ GUIDE TO THE TRADE WAR 'A smart, vivid and humane account of the way the world really works' TIM HARFORD 'This is the book to read if you want to understand what might be about to hit the world economy' EVAN DAVIS The dangerous race for self-sufficiency has begun. Be warned...

Work with data like a pro using this guide that breaks down how to organize, apply, and most importantly, understand what you are analyzing in order to become a true data ninja. From the stock market to genomics laboratories, census figures to marketing email blasts, we are awash with data. But...

The roads we drive on; the pipes that supply our drinking water; the farmland that provides our food; energy systems for electricity and heat; hospitals, schools, and the homes in which many of us live—all now swell asset managers' bulging investment portfolios. As the owners of more and more of the basic building blocks of everyday life, asset managers shape the lives of each and every one of us in profound and disturbing ways. In this eye-opening follow-up to Rentier Capitalism, Brett Christophers peels back the veil on "asset manager society."

Penguin presents the audiobook edition of Adam Smith written and read by Jesse Norman. 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...

From the bestselling author of The Age of Turbulence and Capitalism in America Like all of us, though few so visibly, Alan Greenspan was forced by the financial crisis of 2008 to question some fundamental assumptions about risk management and economic forecasting. No one with any meaningful role...

Alan Krueger, a former chairman of the president's Council of Economic Advisers, uses the music industry, from superstar artists to music executives, from managers to promoters, as a way in to explain key principles of economics, and the forces shaping our economic lives. The music industry is...

Brought to you by Penguin. Over the past two centuries, economic growth has freed billions from poverty and made our lives far healthier and longer. As a result, the unfettered pursuit of growth defines economic life around the world. Yet this prosperity has come at an enormous price: deepening...

Look at a map of the world and you'll see a neat patchwork of nation-states. But this is not where power actually resides. From the 1990s onwards, globalization has shattered the map, leading to an explosion of new legal entities: tax havens, free ports, city-states, gated enclaves and special economic zones. These new spaces are freed from ordinary forms of regulation, taxation and mutual obligation—and with them, ultracapitalists believe that it is possible to escape the bonds of democratic government and oversight altogether.

How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy - one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom.

The Economic Consequences of the Peace (1919) was one of the most important documents to come out of World War I – specifically the period of the Armistice and the subsequent settlement negotiations. And, a century on, it remains of particular relevance to our times – an uncompromising and forthright analysis of how international diplomacy can be suffused by personalities, prejudices, personal ambition and outright, uncontrolled feelings of revenge.