100 books like Six Capitals, or Can Accountants Save the Planet?

I read this novel when I was about three-quarters finished with my novel, and was just blown away by the attention to detail, possibilities, and hope between the pages.

This is another hopeful near-future novel, in which humanity is trying its best to overcome the worst of climate change. Unlike my novel, however, which is told from the perspective of one family, Ministry for the Future is a truly global story, with dozens and dozens of narrators, many unnamed, who give us snapshots everywhere from the Arizona border to Antarctica to Switzerland to India, all coalescing into what becomes a global movement to try to save the planet.

This novel is a little lighter on plot, but fascinating as a menu of hopeful options and possibilities for what could be done if humanity really got its act together. 

This is a book that has sparked a movement, and rightly so. I love the challenge to hierarchy opening to true inclusion and interdependent autonomy linked to shared purpose.

Laloux brings an exploration of the different levels of consciousness organisations can reach, and what I really appreciated about this book is the hope it gives through its case studies–real organisations that have reinvented themselves successfully and created very different and positive work experiences for their people.

Reinventing Organization groups and consultants around the world are working with its principles. For me, that says much about the level of yearning for a different, better work experience and for organisations that contribute more positively to society. Though it has captured people’s imaginations, we still await the full-on workplace revolution.

If you ask me, there is very little I agree with in this book, and in particular the idea that economic growth is irrelevant once you focus on the things that actually matter in life (access to water, education, housing, health, and so on) while respecting planetary boundaries.

Let alone the fact that a stylized chart of a doughnut is hardly going to change millennial economic and power dynamics. Nonetheless, Raworth wrote an extremely readable and erudite book, and crucially fostering reflection on the one issue that to my mind is central: how to turn economic growth into a force for good, addressing social needs without destroying nature.

A must read, if not to learn how to think like a 21st-century economist, at least to be aware of the challenges ahead. 

The prevailing corporate form renders corporations prone to anti-social and environmentally destructive behavior because they are designed to maximize profits for shareholders without considering the consequences to society and the environment.

I love Better Business because it tells the story of the creation of an emergent alternative corporate form, the B-Corp with benefit corporation governance, that provides a material positive benefit to society and the environment in addition to making profits for shareholders.  

A sustainable economy not only requires new economic principles, but also new corporate forms that are endowed with a social and environmental conscience in addition to the usual pecuniary one. Better Business introduces you to these new corporate forms without bogging you down in legalese.

One of the disadvantages to writing a book with any economics in it is just that, readers need to know a little economics to get the most out of your book.

But to grasp how oil and the dollar interact and why we wind up in repeating financial crises, you don’t have to go back and reread Keynes and Irving Fischer (on interest rates). In 2009, Nobel Prize-winning economists George Akerlof and Robert Shiller wrote this easy-to-read and easy-to-understand book that critiques traditional economics (e.g. it’s dependence on “rational” actors) and dissects the building blocks one needs to know to grasp the ins and outs of economic cycles.

Importantly, they explain why people continue to believe they can make a fortune by investing at the top of the market (the confidence multiplier and contagion). Their book leads the reader through the basics on how bubbles (irrational exuberance) and panics ensue… show more.

This book adds the international dimension to the Neoliberal story. Gindin and Panitch argue that the U.S. national state and “American MNCs” found key allies abroad among many dominant groups, as various state elites and dominant class fractions worldwide stood to gain through neoliberal reforms. The authors argue that supranational organizations developed largely along U.S. strategic lines. They explain for example how U.S. representatives hold inordinate influence through supranational forums such as the Bank for International Settlements, the World Trade Organization, and the International Monetary Fund. Furthermore, legal reforms (with U.S. support) have been made in many countries to limit the influence that voters have on economic policy with, for example, the de-politicization of trade policy. This is the story we tell for the U.S. writ large.

Mazzucato’s timely book offers a hopeful look into the possibilities for companies, governments, and civil society to work together to solve the world’s grand challenges. Inspired by the original moonshot program that mobilized the public and private sectors on a massive scale to take risks and experiment with innovative solutions to a previously unsolved problem, she pushes all of us to think boldly about the possibilities for transformative change. To do so, we’ll need to bust myths that impede progress such as the idea that businesses are the only entities that create value and governments are only there to de-risk and address market failures.

The increasingly popular ideas that governments need to run like businesses and save taxpayer money by outsourcing actually strip public policymakers of the tools they need to spur innovation. With examples of a Green New Deal, accessible health care, and narrowing the digital divide, Mission Economy… show more.

This is the first book I read about the role of entrepreneurs in the economy. I have mixed feelings about it.

It’s filled with insights but it is also deeply flawed. Entrepreneurs drive economic development and engage in “creative destruction.” The market is about change rather than equilibrium. These are both great insights.

But history has refuted Schumpeter’s Nietzschean view that entrepreneurship is confined to “captains of industry” with unusual personality traits, and his attempts to explain business cycles is unpersuasive.  

This book argues that Christianity provided the foundation for reason which led to the beginnings of science. It makes the case that Christianity alone embraced logic and deductive thinking as the basis for freedom and progress and is responsible for the most significant intellectual, political, scientific, and economic breakthroughs of the past millennium.

Additionally, it is a very well-written book, which is usually not the case for academic works. 

My view of markets has been heavily influenced by my colleague from the Sociology Department downstairs, Neil Fligstein.

He follows Polanyi in posing a direct challenge to the basic assumptions of economics. He argues that firms seek stability, not necessarily profit maximization. That is, they want to stabilize prices and keep the firm intact.

He also brings power to the center of his view of markets. Incumbent firms engage in power struggles. They use business strategies, like collusion, and political strategies, like lobbying for favorable regulations, to insulate themselves from disruptive competition.