Fans pick 100 books like The Rise and Decline of Nations

This is one of the best books I have read that helps to understand the reasons behind the fascinating and unpredictable rise of Western liberal civilization.

Humans lived in abysmal conditions for tens of thousands of years, poor, wretched, exposed to violence, war, illness, and untimely death for most of our evolutionary history. The emergence of Western liberal civilization is truly an amazing break with our miserable past. How did this happen?

The authors argue that there is a very precarious path to be followed between totalitarian and imposed order, and chaotic individualism, and Western civilization happened to find almost by chance that delicate balance as a result of a combination of historical, ideological, and other circumstances. 

Downs does a great job of explaining how democratic decision-making links voter preferences to public policy outcomes. He looks at political preferences as existing on a left-to-right continuum and concludes that democratic elections tend to select the candidates whose preferences most closely reflect the median voter—the voter whose preferences fall in the middle of that left-right continuum. He offers a few caveats, one being that because one vote has a vanishingly small chance to affect an election outcome, voters tend to be rationally ignorant on political matters. There is no payoff to becoming informed because an election outcome will be the same regardless of how any individual voter votes.

Brennan and Lomasky build on the idea that voters know their one vote will not affect an election outcome, and conclude that therefore the utility people get from voting comes solely from the value they get from expressing their opinion. Because of this, they explain why voters may vote for alternatives they would not choose if the choice were theirs alone. They vote for options that make them feel good about casting their vote, so tend to vote more based on emotional reasons than based on what is best for themselves, or what is in the public interest. 

Political scientists and economists have long argued that voters are rationally ignorant.

On this theory, people tend to acquire and retain information only if the expected benefits exceed the expected costs. This explains why students cram material to pass a test but let themselves forget it afterward, why Americans who speak English at home don’t usually bother to learn a foreign language but so many people learn English, or why you don’t bother attempt to memorize your local phonebook.

It also explains why voters know so little. Since individual votes make so little difference, individual voters can afford to remain ignorant. Political information is a collective action problem: what we know matters, but what any one of us knows does not. 

Caplan adds an innovation. This point also applies to how we think, not just what we know. Political psychologists have long found that voters process what little information they… show more.

It may seem strange to include a jobseeker’s guide in a list of leadership books, but Agile Unemployment is the resource for anyone faced with the hardest leadership task of all: leading yourself through a time of trial.

Sabina Sulat has been there—on both sides of the HR desk for “that conversation”—and she offers her well-earned wisdom with deep candor, much-needed encouragement, and straight-shooting practicality. In my early career days, I always found the “What color is your parachute” genre pretty useless, not to mention incredibly depressing. I wish I’d had Sulat’s sound guidance back then; it would have helped me lean in, out, up, down, and sideways with far more grace and optimism.

I am especially fond of this book because I edited it with a dear friend of mine, Prof. Mauro Baranzini, who, despite our different analytical backgrounds has always supported and encouraged my research in monetary macroeconomics.

The book lays the foundations for a fruitful collaboration among economists who share the same objective: to explain satisfactorily and comprehensively the disequilibria hampering the smooth development of our economies.

The works presented in this volume are a serious attempt to clarify the terms of the problem of inflation and unemployment.

They must be seen as contributions to building a modern theory of monetary and structural macroeconomics.

I recommend this book because it deals with the main problems faced by capitalist economies, inflation, and unemployment, in a new and original way, and provides the theoretical foundations for quantum macroeconomic analysis.

Orthodox economics has failed to provide a consistent insight into the pathologies blighting our economies, and both the academic and the economic worlds badly need an alternative approach to convincingly diagnose these pathologies, where they come from, and how they can eventually be disposed of.

Schmitt’s volume provides a revolutionary explanation of the cause of today’s economic disorder as well as an innovative solution enabling for the passage from disorder to order.

Most economists associate volume of money with price-level (inflation/deflation), not Keynes.

For him, a macro price-level does not reveal the unsynchronized dynamics affecting the prices of its components: commodities, labor, capital, raw materials, profits; it must be decomposed.

When FunCorp invests in a rollercoaster, its decision is based on present costs and future returns (ticket sales, performance, stock options, etc.).

Windfall profits will lead to more expansion; losses, to curtailed activity. Both expansion, contingent on easy credit, or recession, on the tightening of credit, depend on bankers’ use of individuals’ savings and their creation of more deposits.

For Keynes, an institutionalised banking system is essential for a modern economy but he advocated, in the public interest, for strict rules on bankers’ abuse of credit, to mitigate the inflation/deflation rollercoaster. 

This is mom culture at its best: Wolitzer traces the members of a clique who drop their kids at pre-k and enjoy over the ensuing years the gravitational pull of parenting, school volunteering, and part-time work.

She explores familiar dilemmas about aging, career versus family, and female friendship, while offering a sometimes heartbreaking, but always realistic, look at the choices moms face as they watch their kids grow.

I have been fascinated with selfhood, the cultivation of ‘subjects of development’ as either targets, or ‘trustees’ of aid, since my PhD.

Anand Pandian’s Crooked Stalks offers a nuanced, careful, and ultimately beautiful account of how moral selves are cultivated among the Kallar caste near Madurai in Tamil Nadu, India.

Development looms large among the Kallar, what Pandian describes as a ‘moral horizon’ that is an impetus to transform people’s lives and the material environment.

In presenting an impressive breadth of historical material alongside ethnographic description he shows the remnants of colonial rule in contemporary virtues, contributing to understanding the ‘postcolonial self’.