100 books like An Extraordinary Time

This book is a wonderful example of how an author can explain but not judge the complexities and contradictions of our modern economy. Chatelain explains the role fast food franchising, and McDonald’s in particular, has played in African American economic and social life since the 1960s. What I found so striking about this was the honest ambivalence: McDonald’s sells unhealthy foods that contribute to obesity and other health problems, and it pays generally exploitative wages; but at the same time, owning a McDonald’s franchise can be a way for African American entrepreneurs to thrive and build both wealth and political power in their communities.

This book is the most readable treatment I’ve encountered of a very complicated and theoretical set of ideas about how corporations have changed—not only in their legal structure but as social creatures—in the last century. Lemann makes the difficult theories of thinkers like Adolf Berle, John Kenneth Galbraith, Milton Friedman, and Michael Jensen easy to understand and fun to read about. And in the process, he explains how corporations lost their “souls”—how we reached a point where companies are finance-obsessed, detached from their communities, and fixated on short-term profits and not long-term stability.

This book captures the decline of the traditional job—stable, well-paid, with a good chance of moving up—between World War II and the end of the 20th century. Wartzman is a clear, engaging writer who tells gripping stories about workers, bosses, chief executives, and politicians to explain what the old “social contract” between big companies and American society was, and why it disappeared. But he’s also particularly good at not overly romanticizing the earlier era, when huge swaths of people—like women, people of color, immigrants, the disabled, and others—were cut out of the workforce by prejudice and racism. This book makes business and labor history engaging and entertaining, even while it will make you mad about how bad things have become.

This book—written by a scholar who also works in government—is both infuriating and enlightening. It takes on the real problem of precarious, poorly paid jobs and, by getting way into the weeds of how companies are organized, gives a clear explanation for how so many jobs became so bad and at least some hope for a policy fix. The root of the problem, Weill shows, is basically outsourcing: large companies hire out jobs (cleaners, security, customer service) to low-paying, often badly managed small companies, and that drives down wages, benefits, and job security. The most insane examples of this occur when laborers are pushed into being independent contractors or franchise owners. Officially they are “small business owners” but in practice, they have no control over their work and no opportunities to grow. The book is full of memorable (and enraging) vignettes and examples, making a dry argument about corporate structure… show more.

How can we make sense of the Covid-19 pandemic? Adam Tooze gives us a clear answer: it is the first crisis of the new era of environmental crisis. My work now focuses on the increasingly destabilizing effects that the crisis will bring into the future and how future leaders can be better ready to carry on the struggle under worsening conditions. The responses of current leaders to the pandemic – some good, many poor – are a key resource to learn from. This book is a first bash at learning the lessons from the pandemic. Into the future, more than anything we need leaders and governments who are capable of freeing us from the freezing embrace of fear in face of seemingly insurmountable odds. 

I could really choose any book by Slavoj Žižek as the starting for a psychoanalytic critique of capitalism, but this one is very accessible for someone who has never read him. It also gets into the current dilemmas that are rocking capitalist society. In this book, Žižek shows how psychoanalysis (combined with Hegel’s philosophy) can provide a corrective to the traditional Marxist critique of capitalism. We see here how the attempt to construct an ethical capitalism inevitably fails and obscures a new barbarism. 

This book informed my macroeconomic thinking on the way banks and companies have long been twined and the complex decisions that ultimately somebody—whether company boards or government regulators—need to make when they fail.

This was a perfect study for my own research into the near collapse of the early Hormel company and the reason why it still exists today; Sorkin’s chosen title would apply. Companies have an impact, both good and sometimes bad, and our regional and national economies often suffer from their hubris and greed.

Sorkin’s master storytelling kept me riveted and mesmerized all the way through six hundred and forty pages. 

An apropos warning about the inevitable collapse of all empires that live beyond their means.

Wrought with historical references to past collapsed empires including the Roman and British, understand how the US is going down the same destructive path as the previous empires.

This book also explains how the high standard of living in the US and other Western economies is sponsored by the poorer, harder-working Asian countries that make something of value.

Issuing massive amounts of debt and printing money to pay for it isn’t a sustainable way to run an economy.

Much of personal finance relies on the premise that you will achieve your goals by investing in economic growth.

One narrative says we can play our part in tackling climate change by shifting our investments towards sustainable growth – for example, backing green technologies and carbon capture. However, Latouche questions whether economic growth is compatible at all with living within our planet’s resources.

He argues that we have to detach from the cycle of over-consuming and over-producing that is implicit in targeting economic growth and instead shift to a goal of maximising human wellbeing. His radical alternative is a world where we work less, share more, and respect nature.

It is arguably the only real solution to the climate crisis, but powerful vested interests stand in the way of its adoption.

This book is a welcome antidote to the defeatism that results from a crisis-prone view of the world which is so easy to fall into today.

Grable argues that we should recognize that the rigid models that define a narrow “correct” path to progress are inadequate. Instead, she puts forward the value of what she calls “unscripted” innovations and reminds the reader of the value of “muddling through” and incremental change.

Grable shines a well-deserved light on earlier work by Hirschman and Lindblom. She combines an appreciation of the importance of ideas and the necessity of a high tolerance for complexity and incoherence. This book makes the case for the importance of remaining calm and carrying on, while still keeping an eye out for opportunity.