Showing titles in Theory

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."

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.

Drawing on insights from social psychology, moral philosophy and behavioural economics, as well as a range of illuminating case studies, world-renowned economist Paul Collier shares a galvanizing vision for a more inclusive, prosperous world.

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.

The bestselling author of Crisis Economics argues that we are heading toward the worst economic catastrophe of our lifetimes, unless we can defend against ten terrifying threats. Renowned economist Nouriel Roubini was nicknamed "Dr. Doom," until his prediction of the 2008 housing crisis and...

In Hidden Games, MIT economists Moshe Hoffman and Erez Yoeli find a surprising middle ground between the hyperrationality of classical economics and the hyper-irrationality of behavioural economics. They call it hidden games. Reviving game theory, Hoffman and Yoeli use it to explain our most puzzling behaviour, from the mechanics of Stockholm syndrome and internalised misogyny to why we help strangers and have a sense of fairness.

Brought to you by Penguin 'A path-breaking, thought-provoking and in-depth study of how new technology will transform the world of work' Gordon Brown 'Compelling ... Thought-provoking ... Should be required reading for any presidential candidate thinking about the economy of the future' NEW YORK...

From Wall Street to Main Street, John Brooks, longtime contributor to the New Yorker, brings to life in vivid fashion twelve classic and timeless tales of corporate and financial life in America. What do the $350 million Ford Motor Company disaster known as the Edsel, the fast and incredible...

Brought to you by Penguin. We live under an ideology that preys on every aspect of our lives: our education and our jobs; our healthcare and our leisure; our relationships and our mental wellbeing; even the planet we inhabit – the very air we breathe. So pervasive has it become that, for most...

Many books have been written about Doyne Farmer and his pioneering work in chaos and complexity theory. Making Sense of Chaos is the first in his own words, presenting a manifesto for doing economics better. In a tale of science and ideas, Farmer fuses his profound knowledge with stories from his life to explain how to harness a scientific revolution to address the economic conundrums facing society.

The essential complement to the pathbreaking Competitive Strategy, Michael E. Porter's Competitive Advantage explores the underpinnings of competitive advantage in the individual firm. Competitive Advantage introduces a whole new way of understanding what a firm does. Porter's groundbreaking concept of the value chain disaggregates a company into activities, or the discrete functions or processes that represent the elemental building blocks of competitive advantage.

In World of Oil Derivatives, Greg Newman breaks down the inner workings of financial oil markets and how to navigate their intricacies. Whether you are looking for a better understanding of the market’s evolution or some help with trading—this book is the ultimate guide to one of the world’s most complex and opaque industries.

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...

Following Marx’s death in 1883, Engels was able to step into the breach and, drawing on Marx’s extensive notes and writings, complete volume 2 of Capital, leading to its publication in 1885. Here, Marx turns his attention to the money owner, the money lender, the wholesale merchant, the trader and the entrepreneur or 'functioning capitalist.'  

Keynes's preeminent biographer, Robert Skidelsky, brilliantly synthesizes from Keynes' career and life the aspects of his thinking that apply most directly to the world we currently live in. In so doing, Skidelsky shows that Keynes's mixture of pragmatism and realism, which distinguished his thinking from the neo-classical or Chicago school of economics that has been the dominant influence since the Thatcher-Reagan era and which made possible the raw market capitalism that created the current global financial crisis, is more pertinent and applicable than ever.

Disasters are inherently hard to predict. But when catastrophe strikes, we ought to be better prepared than the Romans were when Vesuvius erupted or medieval Italians when the Black Death struck. We have science on our side, after all. Yet the responses of many developed countries to a new pathogen from China were badly bungled. Why? While populist rulers certainly performed poorly in the face of the pandemic, Niall Ferguson argues that more profound pathologies were at work - pathologies already visible in our responses to earlier disasters.

How our lives are shaped not only by the choices we make, but by the choices we have. In many parts of life – jobs, housing, medical care, education, even a date on the internet – price is not the only determinant of who gets what. So how do the other processes that influence who gets which...

Karl Marx (1818-1883) was living in exile in England when he embarked on an ambitious multivolume critique of the capitalist system of production. Though only the first volume saw publication in Marx’s lifetime, it would become one of the most consequential books in history. This magnificent new edition of Capital is a translation of Marx for the twenty-first century.

Tras ayudar a millones de personas a replantearse su relación con el dinero, cómo ganarlo, ahorrarlo e invertirlo, Morgan Housel nos invita ahora a reflexionar sobre algo igual de importante: aprender a gastar con sentido. El mayor retorno de una inversión no es económico, es la tranquilidad...

What is economic growth? And why, historically, has it occurred in only a few places? Previous efforts to answer these questions have focused on institutions, geography, finances, and psychology. But according to MIT's anti-disciplinarian César Hidalgo, understanding the nature of economic growth demands transcending the social sciences and including the natural sciences of information, networks, and complexity. To understand the growth of economies, Hidalgo argues, we first need to understand the growth of order.