The first of our new, interesting Economics books is The Euro from the Nobel Prize-winning economist and best-selling author Joseph Stiglitz.
The euro : how a common currency threatens the future of Europe / Joseph E. Stiglitz.
“In 2010, the 2008 global financial crisis morphed into the “eurocrisis”. It has not abated. The 19 countries of Europe that share the euro currency – the Eurozone – have been rocked by economic stagnation and debt crises. Some countries have been in depression for years while the governing powers of the Eurozone have careened from emergency to emergency, most notably in Greece.” (Book jacket)
Economics : an A-Z guide / Matthew Bishop.
“Economics is all around us, essential to every aspect of our lives. But just how much does the average person understand about what Economics is for, how it underpins crucial decisions taken every day and how it continues to evolve? Step forward the Economist’s guide to Economics, written with the clarity and wit for which the newspaper is renowned and featuring bite-sized overviews of the most important economic ideas, concepts and terms…” (adapted from Syndetics summary)
Rethinking capitalism : economics and policy for sustainable and inclusive growth / edited by Michael Jacobs and Mariana Mazzucato.
“…Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth. Climate change meanwhile poses increasing risks to future prosperity. In this book some of the world s leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today’s deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it…” (adapted from Syndetics summary)
The great invention : the story of GDP and the making and unmaking of the modern world / Ehsan Masood.
“…The Great Invention reveals how in just a few decades GDP became the world’s most powerful formula: how six algebraic symbols forged in the fires of the 1930’s economic crisis helped Europe and America prosper, how the remedy now risks killing the patient it once saved, and how this fundamentally flawed metric is creating the illusion of global prosperity–and why many world leaders want to be able to ignore it but so far remain powerless to do so…” (adapted from Syndetics summary)
The inner lives of markets : how people shape them–and they shape us / Ray Fisman and Tim Sullivan.
“America’s economic revolution isn’t just driven by technology. It’s about markets… Breakthrough companies like Amazon and Uber have disrupted the old ways and made the economy work better–all thanks to technology. At least that’s how the story of the modern economy is usually told. But in this lucid, wry book, Ray Fisman and Tim Sullivan show that the revolution is bigger than tech: it is really a story about the transformation of markets. From the auction theories that power Google’s ad sales algorithms to the models that online retailers use to prevent internet fraud, even the most high-tech modern businesses are empowered by theory first envisioned by economists…” (Syndetics summary)
Raising the floor : how a universal basic income can renew our economy and rebuild the American dream / Andy Stern with Lee Kravitz.
“The former president of the Service Employees International Union draws on extensive interviews with economists, labor leaders, bankers and others on how advances in technology are creating better products at the expense of the middle class, outlining strategies focused on a controversial “universal basic income” that provides for near-future needs.” (NoveList)