Social Economics

Over the past four decades, China's remarkable transformation has garnered admiration but also sparked concern. George Magnus draws on his intimate knowledge of this dynamic nation to uncover the origins of its ascent and show why the economic traps it faces at home and the political challenges it faces abroad pose a serious threat to its continued rise.

Every day, we make decisions on topics ranging from personal investments to schools for our children to the meals we eat to the causes we champion. Unfortunately, we often choose poorly. The reason, the authors explain, is that, being human, we are all susceptible to various biases that can lead us to blunder. Our mistakes can make us poor and unhealthy. We often make bad decisions about education, personal finance, health care, family, and the environment.

In both Europe and North America, populist movements have shattered existing party systems and thrown governments into turmoil. The embattled establishment claims that these populist insurgencies seek to overthrow liberal democracy. The truth is no less alarming but is more complex: Western democracies are being torn apart by a new class war. In this controversial and groundbreaking new analysis, Michael Lind, one of America’s leading thinkers, debunks the idea that the insurgencies are primarily the result of bigotry and reveals the real battle lines.

In the span of a generation, oil-rich Venezuela spiraled into a dire state of economic collapse. Reporter Paula Ramón experienced the crisis firsthand as her middle-class family saw their quality of life deteriorate. Public services no longer functioned. Money lost its value. Her mother couldn’t afford to buy food, which was increasingly scarce. The once-prosperous country fell into ruin. Like many others, Ramón’s family struggled to survive each day in their beloved city, Maracaibo—until, one by one, they each made the unbearable choice to leave the home they love.

If the consumer economy had a sex, it would be female. If the business world had a sex, it would be male. And therein lies the pickle. Women are the engine of the global economy, driving nearly 80 percent of consumer household spending in the United States alone. They hold the purse strings, and when they've got a tight grip on them as they do now, companies must be shrewder than ever to win them over.

We are living through a Long Emergency: a near-continuous train of pandemics, heatwaves, droughts, resource wars, and other climate-driven disasters. In Lifehouse, Adam Greenfield asks what might happen if the tactics and networks of care that spring up in response to these times might be brought together in a single, coherent way of life?

Confronted by the terrifying trends of the early twenty-first century – widening inequality, environmental destruction, and the immiseration of millions of workers around the world – many economists and business leaders still preach dogmas that lack evidence and create political catastrophe: Private markets are always more efficient than public ones; investment capital flows efficiently to necessary projects; massive inequality is the unavoidable side effect of economic growth; people are selfish and will only behave well with the right incentives.

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.'

As people reach for social justice and better lives, they create public goods that must be kept out of the market. When private interests take over, they strip public goods of their power to lift people up, creating instead a tool to diminish democracy, further inequality, and separate us from each other. The Privatization of Everything, by the founder of In the Public Interest, chronicles the efforts to turn our public goods into private profit centers. Ever since Ronald Reagan labeled government a dangerous threat, privatization has touched every aspect of our lives.

We hear it all the time: “Sorry, it was just an accident.” And we’ve been deeply conditioned to just accept that explanation and move on. But as Jessie Singer argues convincingly: There are no such things as accidents. The vast majority of mishaps are not random but predictable and preventable. Singer uncovers just how the term accident itself protects those in power and leaves the most vulnerable in harm’s way, preventing investigations, pushing off debts, blaming the victims, diluting anger, and even sparking empathy for the perpetrators. to account.

Food is a conduit for connection; we envision smiling families gathered around a table-eating, happy, content. But what happens when poverty, mental illness, homelessness, and addiction claim a seat at that table? In The Meth Lunches, Kim Foster peers behind the polished visions of perfectly curated dinners and charming families to reveal the complex reality when poverty and food intersect.

Soros brings together a vital collection of his writings, some never previously published. They deal with a wide range of important and timely topics: the dangers that the instruments of control produced by artificial intelligence and machine learning pose to open societies; what Soros calls his "political philanthropy"; his founding of the Central European University, the world's foremost defender of academic freedom; his philosophy; his boom/bust theory of financial markets and its policy implications; and what he calls the tragedy of the European Union.

We've all heard that the American Dream is vanishing, and that the cause is rising income inequality. The rich are getting richer by rigging the system in their favor, leaving the rest of us to struggle just to keep our heads above water. To save the American Dream, we're told that we need to fight inequality through tax hikes, wealth redistribution schemes, and a far higher minimum wage.

One of Barbara Ehrenreich's most classic and prophetic works, Fear of Falling closely examines the insecurities of the American middle class in an attempt to explain its turn to the right during the last two decades of the 20th century. Weaving finely-tuned expert analysis with her trademark voice, Ehrenreich traces the myths about the middle class to their roots, determines what led to the shrinking of what was once a healthy percentage of the population, and how, in its ambition and anxiety, that population has retreated from responsible leadership.

From TV's Real Housewives to The Wolf of Wall Street, our popular culture portrays the wealthy as materialistic and entitled. But what do we really know about those who live on "easy street"? In this penetrating book, Rachel Sherman draws on rare in-depth interviews that she conducted with 50 affluent New Yorkers - including hedge fund financiers and corporate lawyers, professors and artists, and stay-at-home mothers - to examine their lifestyle choices and their understanding of privilege.

The last acceptable form of prejudice in America is based on class and executed through state-sponsored economic discrimination. While the American meritocracy officially denounces prejudice based on race and gender, it has spawned a new form of bias against those with less education and income. Millions of working-class Americans have their opportunity blocked by exclusionary snob zoning. These government policies make housing unaffordable, frustrate the goals of the civil rights movement, and lock in inequality in our urban and suburban landscapes.

This account describes how a 28-year-old from Watford, Nick Leeson, plunged Barings Bank into ruin. In 1994, Leeson seemed to be making the company millions of pounds a week, but he explains how the cover-up of a colleague's small error led to the crash of Britain's oldest merchant bank.

What would be the "right" price for your loved one - and can you avoid putting others at risk by paying it? What prevents criminals from maltreating hostages? How do you (safely) pay a ransom? Kidnap: Inside the Ransom Business uncovers how a group of insurers at Lloyd's of London have solved these thorny problems for their customers. Based on interviews with industry insiders (from both sides), as well as hostage stakeholders, it uncovers an intricate and powerful private governance system ordering transactions between the legal and the criminal economies.

From the poisoned rivers, barren wells, and clear-cut forests, to the hundreds of thousands of farmers who have committed suicide to escape punishing debt, to the hundreds of millions of people who live on less than two dollars a day, there are ghosts nearly everywhere you look in India. India is a nation of 1.2 billion, but the country's 100 richest people own assets equivalent to one-fourth of India’s gross domestic product.

London is a plutocrat's paradise, with more resident billionaires than New York, Hong Kong or Moscow. Far from trickling down, their wealth is burning up the environment and swallowing up the city. But what do we really know about London's super rich, and the lives they lead? To find out more about this secretive, security-heavy elite, sociologist Caroline Knowles walks the streets of London from the City to suburban Surrey, via Kensington, Notting Hill, Mayfair and elsewhere.