Modern Economics

The Number That Killed Us finally tells the "greatest story never told": how a mysterious financial risk measurement model has ruled the world for two decades and how it repeatedly, and severely, caused market, economic, and social turmoil. This model was the key factor behind the unleashing of the cataclysmic credit crisis that erupted in 2007 and which the effects are still being felt around the world.

For a Dollar and a Dream shows how, in an era of stagnant upward mobility, millions of Americans turned to the lottery as their only chance at achieving the American Dream. Gamblers were not the only ones who bet on betting. As voters revolted against higher taxes in the late twentieth century, states saw legalized gambling as a panacea, a way of generating revenue without cutting services or raising taxes. Alongside stories of winners and losers, Jonathan Cohen charts the untold history of the nation's lottery system, revealing how players and policymakers alike got hooked.