Social Economics

Austrian economics is the most powerful explanation of why governments, no matter how well-intentioned, lack the knowledge, wisdom, and ability to direct the lives of multitudes of people better than those people can do for themselves. In this book, economist Richard Ebeling introduces you to the central ideas in Austrian economics, as well as their importance for us today.

Often blamed for the rising rates of obesity and diabetes among black Americans, fast food restaurants like McDonald's have long symbolized capitalism's villainous effects on our nation's most vulnerable communities. But how did fast food restaurants so thoroughly saturate black neighborhoods in the first place? In Franchise, acclaimed historian Marcia Chatelain uncovers a surprising history of cooperation among fast food companies, black capitalists, and civil rights leaders, who believed they found an economic answer to the problem of racial inequality.

A spirited, deeply researched exploration of why capitalism is bad for women and how, when done right, socialism leads to economic independence, better labor conditions, better work-life balance, and yes, even better sex.

Most of us want to succeed. And most of us want to do the right thing. But we often forget that the way tosucceed is by doing the right thing, as Barry Schwartz and Kenneth Sharpe remind us in Practical Wisdom: The Right Way to Do the Right Thing. When the institutions that shape our society need to change, the people in them typically either make more rules or offer smarter incentives.

Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed "too big to fail" to almost every large corporation in America - to pharmaceutical companies and auto manufacturers and beyond. The Chickenshit Club - an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs - explains why.

From one of China’s most acclaimed writers, his first work of nonfiction to appear in English: a unique, intimate look at the Chinese experience over the last several decades, told through personal stories and astute analysis that sharply illuminate the country’s meteoric economic and social transformation. Characterized by Yu Hua’s trademark wit, insight, and courage, China in Ten Words is a refreshingly candid vision of the “Chinese miracle” and all its consequences, from the singularly invaluable perspective of a writer living in China today.

Jeffrey Sachs - celebrated economist, special advisor to the Secretary General of the United Nations, and author of the influential best seller The End of Poverty - disagrees. In his view, poverty is a problem that can be solved. With single-minded determination he has attempted to put into practice his theories about ending extreme poverty, to prove that the world's most destitute people can be lifted onto "the ladder of development."

The leisure class has been replaced by a new elite. Highly educated and defined by cultural capital rather than income bracket, these individuals earnestly buy organic, carry NPR tote bags, and breast-feed their babies. They care about discreet, inconspicuous consumption. In The Sum of Small Things, Elizabeth Currid-Halkett dubs this segment of society "the aspirational class" and discusses how, through deft decisions about education, health, parenting, and retirement, the aspirational class deepens the ever-wider class divide.

Harry Crews grew up as the son of a sharecropper in Georgia at a time when “the rest of the country was just beginning to feel the real hurt of the Great Depression but it had been living in Bacon County for years.” Yet what he conveys in this moving, brutal autobiography of his first six years of life is an elegiac sense of community and roots from a rural South that had rarely been represented in this way.

How much of our fate is tied to the status of our parents and grandparents? How much does this influence our children? More than we wish to believe. While it has been argued that rigid class structures have eroded in favor of greater social equality, The Son Also Rises proves that movement on the social ladder has changed little over eight centuries.

J. D. Vance erzählt die Geschichte seiner Familie - eine Geschichte vom gescheiterten Aufstieg und von der Resignation einer ganzen Bevölkerungsschicht. Seine Großeltern, echte Hillbillys, das heißt Angehörige der weißen Arbeiterschaft, versuchten, mit Fleiß und Mobilität der Armut zu entkommen und sich in der Mitte der Gesellschaft zu etablieren. Doch letztlich war alles vergeblich. Misshandlung, Alkoholismus und Armut sind wesentliche Eigenschaften des Hillbilly-Lebensstils.

When the news broke in 1975 that New York City was on the brink of fiscal collapse, few believed it was possible. How could the country's largest metropolis fail? How could the capital of the financial world go bankrupt? Yet the city was indeed billions of dollars in the red, with no way to pay back its debts. Bankers and politicians alike seized upon the situation as evidence that social liberalism, which New York famously exemplified, was unworkable.

In this perceptive and often hilarious essay, Lech Blaine dissects some top blokes, with particular focus on Scott Morrison and Anthony Albanese, but stretching back to Bob Hawke and Kerry Packer. This is a riveting narrative of how image conquered politics, just as globalisation engulfed the Australian economy. While many got rich and entertained, look where we ended up.

In The Tyranny of Experts, renowned economist William Easterly examines our failing efforts to fight global poverty, and argues that the "expert approved" top-down approach to development has not only made little lasting progress, but has proven a convenient rationale for decades of human rights violations perpetrated by colonialists, postcolonial dictators, and US and UK foreign policymakers seeking autocratic allies. Easterly demonstrates how our traditional antipoverty tactics have trampled the freedom of the poor and suppressed a vital debate about alternative approaches....

Ryan Hass charts a path forward in America's relationship and rivalry with China rooted in the relative advantages America already possesses. Hass argues that while competition will remain the defining trait of the relationship, both countries will continue to be impacted - for good or ill - by their capacity to coordinate on common challenges that neither can solve on its own, such as pandemic disease, global economic recession, climate change, and nuclear nonproliferation.

Une poignée d'hommes décident désormais de notre futur. Bill Gates gouverne la santé mondiale. Elon Musk coupe l'accès à Internet de l'armée ukrainienne quand il veut l'empêcher d'agir. Mark Zuckerberg attise le populisme et met en danger une génération d'adolescents. Jeff Bezos veut nous faire vivre dans des capsules géantes en apesanteur. Larry Page et Sergueï Brin préparent la fusion de l'homme et de la machine pour en finir avec la mort. Et si tous rendent nos enfants accros aux réseaux sociaux, ils éduquent leurs propres rejetons loin des écrans pour préserver leur santé mentale.

In 1927, classical liberalism, based on a belief in individualism, reason, capitalism, and free trade, was dying, when one of the 20th century's greatest social thinkers wrote this combative and convincing restatement. Nowhere are the key principles of Mises' philosophy better represented than in this timeless work. Mises was a careful and logical theoretician who believed that ideas rule the world, and this especially comes to light in Liberalism.

The greatest challenges facing humankind, according to Deirdre Nansen McCloskey, are poverty and tyranny, both of which hold people back. Arguing for a return to true liberal values, this engaging and accessible book develops, defends, and demonstrates how embracing the ideas first espoused by 18th-century philosophers like Locke, Smith, Voltaire, and Wollstonecraft is good for everyone. In McCloskey's view, liberalism leads to equality, but equality does not necessarily lead to liberalism - and the fixation of the left on inequality is counterproductive.

Author Jeremy Rifkin presents an insider's account of the next great economic era: the Third Industrial Revolution, when a new ethic of sustainability will revolutionize the world we live in.

In looking at the forces that shaped the 2016 presidential election, one thing is clear: Much of the population believes that our economic system is rigged to enrich the privileged elites at the expense of hard-working Americans. This is a belief held equally on both sides of political spectrum, and it seems only to be gaining momentum.