In high school I became interested in politics and economics. Soon I found the Austrian school and decided to make it my profession. I went to the US to study Austrian economics and later to Spain to study with Prof. Huerta de Soto. Finally, I became a Professor of Economics myself, teaching and writing in the tradition of the Austrian School.
This book contains some of the most important articles written by Jesús Huerta de Soto, one of the leading Austrian economists.
I have come to live in Spain to study with Jesús Huerta de Soto. The quality of each one of these essays is extraordinary. I recommend to everyone interested in Austrian economics to study this book in depth.
Huerta de Soto is one of the leading Austrian economists living. His works are very creative and this book gives an overview of his impressive work on a wide range of subjects.
This book gathers a collection of English language essays by Jesus Huerta de Soto over the past ten years, examining the dynamic processes of social cooperation which characterize the market, with particular emphasis on the role of both entrepreneurship and institutions. The author's multidisciplinary approach to the subject is in keeping with a trend in economic thought established by the Austrian school of economics; a discourse that had witnessed a significant revival over the last thirty years.
Areas covered in this book include an introduction to the theory of dynamic efficiency as an alternative to the standard paretian criteria, an…
In the early 2000s, I noticed that lots of good American jobs were being lost to China. I was taught in college economics that trade was always win-win and that the government should stay out of the economy. I started reading the literature and found a number of flaws with these free trade and extreme free-market doctrines. The flaws were there in plain sight, but US trade economists, with vanishingly few exceptions, were ignoring them. Not only were the costs to our economy and our workers enormous, but the frustration of American workers with 30 years of failed promises by both parties has made our politics angrier and more divisive.
This book makes the novel and, to me, fascinating case that the economy is an evolutionary system that is constantly changing, implying that the static equilibria of conventional trade models are not usefully predictive. It also made it clear to me, from a different perspective, that the industries in which a country succeeds are path-dependent.
If you are a mosquito, the next evolutionary mutation will not produce an elephant. Likewise, it is much easier to design and manufacture 3 nanometer-scale chips if you have already designed and manufactured 5 nanometer-scale chips. This drove home to me how important retaining the key industries of today is for our long-term prosperity.
Over 6.4 billion people participate in a $36.5 trillion global economy, designed and overseen by no one. How did this marvel of self-organized complexity evolve? How is wealth created within this system? And how can wealth be increased for the benefit of individuals, businesses, and society? In The Origin of Wealth, Eric D. Beinhocker argues that modern science provides a radical perspective on these age-old questions, with far-reaching implications. According to Beinhocker, wealth creation is the product of a simple but profoundly powerful evolutionary formula: differentiate, select, and amplify. In this view, the economy is a "complex adaptive system" in…
I’m an Irish novelist and occasional screenwriter. My latest book, Duffy and Son, is my sixth. I can be drawn in by any well-told tale, of course, but I’ve always had the strongest reaction to stories with at least some element of comedy. I don’t know, I just find books in which no one says anything funny to be deeply unrealistic. It infuriates me when any piece of fiction is viewed as ‘lesser’ because there’s a chance it might make you smile. The books listed here will definitely make you smile. If you give them a chance, I hope you find them as worthy of your time as I did.
I could have picked anything by George Saunders, really. He’s the closest thing I have to a personal deity. Such is the level of awe and wonder that he invokes in me, I actually find him difficult to discuss. It’s like trying to look directly at the sun.
Suffice it to say that CivilWarLand in Bad Decline—the title refers to a failing theme park—is like all of his other short story collections. It’s beautiful and wise and heart-breaking and deeply intelligent and, yes, desperately funny. I would pay a lot of money to be able to read it again for the first time.
Since its publication in 1996, George Saunders’s debut collection has grown in esteem from a cherished cult classic to a masterpiece of the form, inspiring an entire generation of writers along the way. In six stories and a novella, Saunders hatches an unforgettable cast of characters, each struggling to survive in an increasingly haywire world. With a new introduction by Joshua Ferris and a new author’s note by Saunders himself, this edition is essential reading for those seeking to discover or revisit a virtuosic, disturbingly prescient voice.
Praise for George Saunders and CivilWarLand in Bad Decline
As a free man of flesh-and-blood I trust in time-tested verities and traditions; as a spiritual entity I am a man of faith; and as a thinking being I explore in my writing the malleability of consciousness and reality. Through a broad range of experiences I offer images for the minds of readers in novels of a twisted magical realism. I seek the mysteries of God, the beauty of poetry, and the freedom to explore all and everything. I am an American State National who critiques modern society, culture, and politics as an independent scholar who will not be silenced. Awaken, oh human beans, from normative conditioning and screen-gazing complacency!
Besides having one of the best book titles ever, this novel immediately draws readers in and is hard to put down; the action is matched by its intelligence. In it, freedom-seekers create a fast-growing, virtual society on the Internet that grows so fast it terrifies governments and their “security.” With no possibility of oversight and control, the System fights to co-opt this cyber-society before it undermines and overwhelms the dominance of corruptocrat governing elites. The free souls in this novel lead us through a clever plot wherein principles of economic freedom, individuality, and justice lead to a free market uncontrolled by tax-hungry government lackeys. Profiled here are a group of individuals determined to transcend paradigmsthat the human psyche often forms for us, almost autonomically, as a reaction to fear.
Instantly named Freedom Book of The Month and a major influence in the Cyber-underground, A Lodging of Wayfaring Men is the story of freedom-seekers who create an alternative society on the Internet - a virtual society, with no possibility of oversight or control. It grows so fast that governments and “leaders” are terrified, and fight to co-opt this cyber-society before it undermines the power of the governing elite.
The main body of the book is followed by a set of essays and a supplemental narrative that were composed as the book was being written.
I'm addicted to discovering what lies within the unknown. The biggest mystery, I believe, that baffles us today is not necessarily what lies at the edge of the universe but what lives within this one here. I enjoy attempting to solve large problems and if I can’t compute a result at least understand what the problem suggests. In the realm of the unknown, I'm an expert of nothing. In hours of research and reading and writing, one comes to a point in their process of learning with the realization that it does not matter how much one learns, there will always be that much more, logarithmically multiplied exponentially by the rate of acceleration, to learn.
Ultimately, I am recommending this book to you because Milton Friedman is one of the founders of Capitalism and winner of the Nobel. I enjoyed reading this book in college for the significant impact it holds. Truly, in a free market society based on survival of the fittest, one is forced to outlive the other. However, a great author will combine the two polar dynamic ideologies into one. While Milton Friedman’s work has historical implications on modern society, it is out of date.
Upon his death in the autumn of 2006, Milton Friedman was lauded as "the grandmaster of free-market economic theory in the postwar era" by the "New York Times" and "the most influential economist of the second half of the twentieth century" by the "Economist". Winner of the Nobel Prize in Economics in 1976, Friedman was both a highly respected economist and a prominent public intellectual, the leader of a revolution in economic and political thought that argued robustly in favor of the virtues of free markets and laissez-faire policies. "Milton Friedman on Economics" collects a variety of Friedman's papers on…
Sarah Kaplan is Distinguished Professor and Director of the Institute for Gender and the Economy at the University of Toronto’s Rotman School of Management. She is the author of the bestseller Creative Destruction: Why Companies That Are Built to Last Underperform the Market—And How to Successfully Transform Them and The 360º Corporation: From Stakeholder Trade-offs to Transformation, both address the challenges of innovation and organizational change in society. She frequently speaks and appears in the media on topics related to achieving a more inclusive economy and corporate governance reform. Formerly a professor at the Wharton School and a consultant at McKinsey & Company, she earned her PhD at MIT’s Sloan School of Management.
If we want to reimagine capitalism as a system that does not destroy the planet and destabilize society, this must be enabled by corporations changing the way that they operate. Henderson’s Reimagining Capitalism gives us some principles for thinking about how to do this. A long-time innovation scholar, Henderson draws on her knowledge about how to succeed at organizational change to propose a more purpose-driven model of corporate action. Using numerous case studies of companies that have (partially) succeeded and those that have failed, she animates a number of principles for change. To start, such a model will require new metrics for social and environmental impact. This would involve more collaborative engagement amongst stakeholders to grow the economic pie and amongst companies to self-regulate in a more sustainable manner.
Particularly refreshing, at the end of the book, Henderson connects the macro conversation about economic and corporate change with a discussion…
A renowned Harvard professor debunks prevailing orthodoxy with a new intellectual foundation and a practical pathway forward for a system that has lost its moral and ethical foundation. Free market capitalism is one of humanity's greatest inventions and the greatest source of prosperity the world has ever seen. But this success has been costly. Capitalism is on the verge of destroying the planet and destabilizing society as wealth rushes to the top. The time for action is running short.
Rebecca Henderson's rigorous research in economics, psychology, and organizational behavior, as well as her many years of work with companies around…
Oreskes
and Conway have been heroes of mine ever since their masterful Merchants of Doubt. They are now doing
for free-market fundamentalism what they previously did for climate change
denialism: showing how con artists have tricked Americans into believing it.
I teach a lot of conservative students, and it can be hard to get past their
distrust and defensiveness. Revealing the “magic trick” of how they have been
manipulated is one of the few things that work.
"A carefully researched work of intellectual history, and an urgently needed political analysis." --Jane Mayer
“[A] scorching indictment of free market fundamentalism … and how we can change, before it's too late.”-Esquire, Best Books of Winter 2023
The bestselling authors of Merchants of Doubt offer a profound, startling history of one of America's most tenacious--and destructive--false ideas: the myth of the "free market."
In their bestselling book Merchants of Doubt, Naomi Oreskes and Erik M. Conway revealed the origins of climate change denial. Now, they unfold the truth about another disastrous dogma: the “magic of the marketplace.”
When I was contemplating a topic for my PhD thesis, it struck me powerfully that American economics was severely under-studied, and that this applied even more so to those associated with “American institutional economics.” My research soon indicated to me that the literature that did exist was lacking in coverage and badly misleading. During my research in archives, I uncovered some real gems—just one example was the archives of the Robert Bookings Graduate School, an institution largely forgotten, but famous at the time. This was exciting and inspired me to continue on to provide a major re-evaluation of American economics in the interwar period.
For myself, one of the most remarkable and fascinating aspects of the recent history of economics has been the resurgence of free-market advocacy opposed to the more interventionist institutionalist and Keynesian policy ideas that dominated economics from the New Deal on through to the post-World War II period.
Burgin’s excellent book charts this revival of pro-market thinking, focusing particularly on F. A. Hayek, the Mont Pelerin Society, the Chicago School of Economics, and gives an especially important role to Milton Friedman whose work was to influence both Reagan and Thatcher.
Just as today's observers struggle to justify the workings of the free market in the wake of a global economic crisis, an earlier generation of economists revisited their worldviews following the Great Depression. The Great Persuasionis an intellectual history of that project. Angus Burgin traces the evolution of postwar economic thought in order to reconsider many of the most basic assumptions of our market-centered world.
Conservatives often point to Friedrich Hayek as the most influential defender of the free market. By examining the work of such organizations as the Mont Pelerin Society, an international association founded by Hayek in 1947…
I am interested in how regimes of ethics and property interrelate, and how this interrelation informs political thought: in questions of cooperatives and collectives, customary use-rights, and household economies. I'm an anthropologist by training and geographically I work in Russia. I've written about socialist property law and stolen late-Soviet penguins, Stalin-era mine-detection dogs and perestroika-era saints, möbius bands, 19th-century Russian cheese-making co-operatives, New World Order theories of “The Golden Billion” and other important matters.
72 people died when the Grenfell Tower burned in 2017, hundreds more lost their homes.
As survivors slept out in London's mosques and churches, one politician suggested requisitioning empty investment properties to house them. But the idea was shot down as a violation of human rights: those of the property owners. Whyte's Morals of the Market opens with this historical anecdote to ask how neoliberalism and human rights discourses evolved together.
Working through published and archival sources, the book shows that neoliberal thinkers “developed their own account of human rights as protections for the market order.” To their authors, such claims were not cynical. They were moral: grounded in a political morality that equated social progress with commercial relations, collectivism with moral failure, socialism with civilizational regression.
As people whose social worlds have been shattered by neoliberal policies increasingly turn to right-wing populism for a new kind of collectivist future,…
Drawing on detailed archival research on the parallel histories of human rights and neoliberalism, Jessica Whyte uncovers the place of human rights in neoliberal attempts to develop a moral framework for a market society. In the wake of the Second World War, neoliberals saw demands for new rights to social welfare and self-determination as threats to "civilisation". Yet, rather than rejecting rights, they developed a distinctive account of human rights as tools to depoliticise civil society, protect private investments and shape liberal subjects.
I am Professor Emeritus of Economics, University of Munich. I also taught as a visitor at Duke University, Harvard, University of North Carolina, as well as the University of Vienna, the Vienna School of Economics, and the University of St. Gallen. Since the financial crisis of 2008, I have been writing about current economic issues and the need for new paradigms in economics. I have been advocating a humanistic approach to economics in which people and their quality of life count more than the output of the economy. I have also formulated the need for capitalism with a human face. I have also blogged for PBS.
I think that this book is an excellent introduction to the history of the past four decades as it shows why we ended up with a billionaire authoritarian as the leader of the nation.
It begins with Reaganomics and argues that twelve years of Republican Administration generated sufficient momentum for its pro-market ideology that Democrat Bill Clinton was reluctant to reverse course. He went all in on globalization and continued to deregulate the financial sector that ultimately steered the economy into the financial crisis of 2008. Obama failed to seize the opportunity to end the dominance of the financial oligarchy and maintained the power structure as he found it.
The election of 2016 showed the revolt of the “deplorables” keen on draining the swamp in Washington responsible for their fate.
Best Books of 2022: Financial Times Best Non-Fiction Books of 2022: De Tijd Shortlisted for Financial Times Best Business Book of the Year
The most sweeping account of how neoliberalism came to dominate American politics for nearly a half century before crashing against the forces of Trumpism on the right and a new progressivism on the left.
The epochal shift toward neoliberalism-a web of related policies that, broadly speaking, reduced the footprint of government in society and reassigned economic power to private market forces-that began in the United States and Great Britain in the late 1970s fundamentally changed the world.…
