Here are 94 books that Deaths of Despair and the Future of Capitalism fans have personally recommended if you like
Deaths of Despair and the Future of Capitalism.
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I’ve always been interested—a vast understatement to anyone who knows me—in what makes people tick. I’ve focused on analyzing business actors – bankers, lawyers, investors, executives, shareholders, and others. What do they want? Some combination of money, power, or prestige? How does loving to win fit in? How about hating to lose? When is enough (money/power/prestige) enough? What do they think is ok to do to get what they want? What do they think is not ok? Amazingly, as a law professor, I can pursue that interest as part of my job, and – I think and hope – do so in a way that might help lawmakers, regulators, and policymakers do better.
As everyone knows at this point, anything Michael Lewis writes will be enormous fun to read, while being about something really important—something he’ll make you care about even if you didn’t when you started the book.
In this case, the subject is people who bet on the direction of mortgages (and thus, house prices), and how those who bet on a huge plunge were right. This book has an amazing cast of characters, all richly drawn: some are smart, some are not so smart; some are excellent schmoozers, some can barely tolerate human interaction; some care a lot about money, some care more about being right, especially if everyone else is wrong.
Each book I've recommended cries out to be made into a movie. This one actually was.
The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking.
Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a…
When I was growing up, I saw family members and friends, who were otherwise smart people who could master other aspects of their lives, have difficulty with personal finance decisions and investing. When my dad was laid off during a recession, he had some retirement money distributed to him, and I got interested in investing as he researched and tried with difficulty to handle this money himself. In my young adult years, I was a sponge to learn as much as I could about personal finance.
I first read this book as required reading for a college course, and it greatly changed how I thought about investing.
Over the years, I’ve read updated editions, and it never gets stale and always includes new information and insights. But the foundational issues have stood the test of time and remain in the newest edition.
I also love this book because it introduced me at a young age to mutual funds and Vanguard.
Today's stock market is not for the faint hearted. At a time of frightening volatility, the answer is to turn to Burton G. Malkiel's advice in his reassuring, authoritative, gimmick-free and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio, A Random Walk Down Wall Street now features new material on "tax-loss harvesting"; the current bitcoin bubble and automated investment advisers; as well as a brand-new chapter on factor investing and risk parity. And as always, Malkiel's core insights-on stocks and bonds, as well as investment trusts, home ownership and tangible assets…
I’m passionate about economics and public policy because they are the tools we can use to improve our lives—everything from fighting a pandemic to preventing the next financial crisis. I’m interested in politics, too, because that is how policies get made in a democracy. We’re living through a time with serious social challenges and a political system paralyzed by partisanship. We have to do better.
Who knew that a book on tax reform could be so interesting? Showdown at Gucci Gulch, which tells the story of the 1986 federal tax reform, remains the best in depth look at how a bill really becomes a law, including a cast of interesting characters, from Ronald Reagan to Dan Rostenkowski. The book is also a good primer on what a good tax system ought to look like and how myriad special interests invariably oppose such a system. Murray and Birnbaum were reporters for the Wall Street Journal who covered the 1986 tax reform and write with a reporter’s eye for detail. Really, this is an entertaining book.
The Tax Reform Act of 1986 was the single most sweeping change in the history of America's income tax. It was also the best political and economic story of its time. Here, in the anecdotal style of The Making of the President, two Wall Street Journal reporters provide the first complete picture of how this tax revolution went from an improbable dream to a widely hailed reality.
A philosophy professor, my central interest has always been something historical: what is going on in this strange modern world we live in? Addressing this required forty years of background work in the natural sciences, history, social sciences, and the variety of contemporary philosophical theories that try to put them all together. In the process, I taught philosophy courses on philosophical topics, social theory, and the sciences, wrote books, and produced video courses, mostly focused on that central interest. The books listed are some of my favorites to read and to teach. They are crucial steps on the journey to understand who we are in this unprecedented modern world.
Best recent book examining human morality from a scientific, psychological point of view.
Darwinians used to think humans had to be selfish and immoral. Contemporary evolution argues the opposite, that humans evolved moral limits on our selfishness in order to live together. Haidt’s is the best book presenting this new evolutionary psychology.
But it goes further to connect those scientific issues with contemporary politics, explaining why people from “red” and “blue” states cannot understand each other: they each embody a short list of human moral values, but different ones. This is a great book for thinking carefully about human morality and contemporary politics. Students love it, and so do I.
'A landmark contribution to humanity's understanding of itself' The New York Times
Why can it sometimes feel as though half the population is living in a different moral universe? Why do ideas such as 'fairness' and 'freedom' mean such different things to different people? Why is it so hard to see things from another viewpoint? Why do we come to blows over politics and religion?
Jonathan Haidt reveals that we often find it hard to get along because our minds are hardwired to be moralistic, judgemental and self-righteous. He explores how morality evolved to enable us to form communities, and…
Throughout my career as a journalist and social documentarian, I have been committed to exposing injustices and seeking out stories overlooked by mainstream media. As my career has evolved in this space—from journalist to grassroots organizer to author—I have learned to remain curious and teachable, acknowledging that my preconceived notions of the world will not do me any good. In confronting the uncomfortable in pursuit of truth, I have uncovered systemic abuses in the criminal justice system and shed light on the harsh realities faced by incarcerated individuals.
Rothstein mercilessly cuts through the political rhetoric of the past century of American politics and gets down to the nitty-gritty: Racial disparities in housing and economics were established and exacerbated by our own elected officials.
Rothstein exposes direct lines between government action and racial inequality, furthering the idea that the system isn’t broken. Rather, it works as it was designed to by allowing access to the few while neglecting the many.
Widely heralded as a "masterful" (The Washington Post) and "essential" (Slate) history of the modern American metropolis, Richard Rothstein's The Color of Law offers "the most forceful argument ever published on how federal, state, and local governments gave rise to and reinforced neighborhood segregation" (William Julius Wilson). Exploding the myth of de facto segregation arising from private prejudice or the unintended consequences of economic forces, Rothstein describes how the American government systematically imposed residential segregation: with undisguised racial zoning; public housing that purposefully segregated previously mixed communities; subsidies for builders to create whites-only suburbs; tax exemptions for institutions that enforced…
I spent nearly 30 years consulting with employers about the design and operation of the health insurance and retirement benefits they provided their workers. In my work, I was familiar with economic studies showing that workers’ wages and salaries have been increasingly skewed toward higher earners and was convinced the results were less pronounced for workers' total rewards.. In developing my analysis I came to understand that the cost of employees’ health insurance was consuming a large share of workers’ growing rewards. This led me to explore how the US health system was imposing much higher costs on workers than any other segment of society and how we might address the problem.
Dr. Puri is a specialist in palliative care for patients with terminal conditions.
She describes the challenges she has encountered during her medical training and practice in dealing with a medical establishment committed to intensive care even in the face of insurmountable odds that such care will improve patients’ health or quality of life.
She also describes encounters with patients’ families who demand intensive medical treatment and are unwilling to allow patients to transition peacefully through the end of life. Often the demand for intensive care is made without the desires of the patient being considered.
This is a poignant set of stories showing that intensive care in what is often the most expensive medical cases exact a price far higher than the dollars involved in the transaction.
"A profound exploration of what it means for all of us to live-and to die-with dignity and purpose." -People
"Visceral and lyrical." -The Atlantic
As the American born daughter of immigrants, Dr. Sunita Puri knew from a young age that the gulf between her parents' experiences and her own was impossible to bridge, save for two elements: medicine and spirituality. Between days spent waiting for her mother, an anesthesiologist, to exit the OR, and evenings spent in conversation with her parents about their faith, Puri witnessed the tension between medicine's impulse to preserve life at all costs and a spiritual…
What happens when a person is placed into a medically-induced coma?
The brain might be flatlining, but the mind is far from inactive: experiencing alternate lives rich in every detail that spans decades, visiting realms of stunning and majestic beauty, or plummeting to the very depths of Hell while defying…
I spent nearly 30 years consulting with employers about the design and operation of the health insurance and retirement benefits they provided their workers. In my work, I was familiar with economic studies showing that workers’ wages and salaries have been increasingly skewed toward higher earners and was convinced the results were less pronounced for workers' total rewards.. In developing my analysis I came to understand that the cost of employees’ health insurance was consuming a large share of workers’ growing rewards. This led me to explore how the US health system was imposing much higher costs on workers than any other segment of society and how we might address the problem.
One prevailing theory about the high cost of U.S. health care compared to other highly developed nations is that the prices charged for goods and services are simply higher in the United States and elsewhere.
Reinhardt is one of the leading proponents of this school of thought and this book summarizes his reasoning on the subject and how to deal with it.
From a giant of health care policy, an engaging and enlightening account of why American health care is so expensive-and why it doesn't have to be
Uwe Reinhardt was a towering figure and moral conscience of health care policy in the United States and beyond. Famously bipartisan, he advised presidents and Congress on health reform and originated central features of the Affordable Care Act. In Priced Out, Reinhardt offers an engaging and enlightening account of the U.S. health care system, explaining why it costs so much more and delivers so much less than the systems of every other advanced country,…
I spent nearly 30 years consulting with employers about the design and operation of the health insurance and retirement benefits they provided their workers. In my work, I was familiar with economic studies showing that workers’ wages and salaries have been increasingly skewed toward higher earners and was convinced the results were less pronounced for workers' total rewards.. In developing my analysis I came to understand that the cost of employees’ health insurance was consuming a large share of workers’ growing rewards. This led me to explore how the US health system was imposing much higher costs on workers than any other segment of society and how we might address the problem.
John Wennberg is a medical doctor and researcher who has spent much of the last half century analyzing the practice of medicine across the United States.
He has used Medicare patients’ treatment records to show that health delivery is often more dependent on the supply of providers and facilities in an area than the expected demand for such treatment of the area population.
He and his associates have also shown that more intensive treatment generally does not result in better care and sometimes leads to more adverse outcomes.
Written by a groundbreaking figure of modern medical study, Tracking Medicine is an eye-opening introduction to the science of health care delivery, as well as a powerful argument for its relevance in shaping the future of our country. An indispensable resource for those involved in public health and health policy, this book uses Dr. Wennberg's pioneering research to provide a framework for understanding the health care crisis; and outlines a roadmap for real change in the future. It is also a useful tool for anyone interested in understanding and forming their own opinion on the current debate.
I spent nearly 30 years consulting with employers about the design and operation of the health insurance and retirement benefits they provided their workers. In my work, I was familiar with economic studies showing that workers’ wages and salaries have been increasingly skewed toward higher earners and was convinced the results were less pronounced for workers' total rewards.. In developing my analysis I came to understand that the cost of employees’ health insurance was consuming a large share of workers’ growing rewards. This led me to explore how the US health system was imposing much higher costs on workers than any other segment of society and how we might address the problem.
These medical doctors explore the introduction of new medical practices that are subsequently shown to be of no value to patients or even harmful.
Prasad and Cifu report on a variety of procedures and practices often used widely that have been proven ineffective. They review 10 years of a prominent medical journal's articles reporting the results of efficacy studies of existing and new practices.
Of 363 articles reporting on the results of studies on existing practices, 40.2 percent indicated the practice of no value or harmful to the patients and another 21.8 percent were inconclusive on whether the practice was beneficial or not.
In looking at 981 articles on studies of new practices, 16.8 percent found the practice of no benefit or harmful and another 6.1 percent were inconclusive.
In the latter sections of their discussion, they describe ways to address the prevalence of what they call “medical reversals.”
Why medicine adopts ineffective or harmful medical practices only to abandon them-sometimes too late.
Medications such as Vioxx and procedures such as vertebroplasty for back pain are among the medical "advances" that turned out to be dangerous or useless. What Dr. Vinayak K. Prasad and Dr. Adam S. Cifu call medical reversal happens when doctors start using a medication, procedure, or diagnostic tool without a robust evidence base-and then stop using it when it is found not to help, or even to harm, patients.
In Ending Medical Reversal, Drs. Prasad and Cifu narrate fascinating stories from every corner of medicine…
Who Will Take Care of Me When I'm Old?
By
Joy Loverde,
Everything you need to know to plan for your own safe, financially secure, healthy, and happy old age.
For those who have no support system in place, the thought of aging without help can be a frightening, isolating prospect. Whether you have friends and family ready and able to help…
I moved to New York City in 1984 as homelessness, and the AIDS epidemic were crises all too visible to this newcomer. To my good fortune, my post-doctoral training included some of the earliest experts on mental illness and homelessness. This work became a career goal that has sustained me through almost 40 years of research using qualitative (in-depth) methods. Obtaining federal funding to support this work and mentoring many graduate students were extra benefits that I cherished. Along the way, I wrote a textbook on qualitative methods (now in its 3rd edition), co-authored a book about Housing First, and traveled to Delhi, India to study their ‘pavement dwellers’.
Matthew Desmond achieved rock star status in academia with his first book “Evicted,” a prize-winning report on people living on the edge of homelessness in Milwaukee’s predominantly black North Side and the city’s white South Side. I welcomed this follow-up book because Desmond goes beyond good story-telling to a no-holds-barred indictment of America’s appalling poverty problem and its origins.
Locked into a dysfunctional economic system that benefits the wealthiest (slumlords actually profit more than luxury condo developers), millions of Americans live precariously close to destitution, and the wealth gap increases annually. I hope to take up Desmond’s call to become a “poverty abolitionist.” This is the book I have been waiting for.
#1 NEW YORK TIMES BESTSELLER • The Pulitzer Prize–winning author of Evicted reimagines the debate on poverty, making a “provocative and compelling” (NPR) argument about why it persists in America: because the rest of us benefit from it.
“Urgent and accessible . . . Its moral force is a gut punch.”—The New Yorker
ONE OF THE MOST ANTICIPATED BOOKS OF 2023: The Washington Post, Time, Esquire, Newsweek, Minneapolis Star Tribune, Elle, Salon, Lit Hub, Kirkus Reviews
The United States, the richest country on earth, has more poverty than any other advanced democracy. Why? Why does this land of plenty allow…
