Selected Titles on
Capitalism and Its Discontents
2014 British Academy Medal • 2014 FT and McKinsey Business Book of the Year Award, Financial Times • A New York Times #1 Best Seller • A Sunday Times Best Seller • A Wall Street Journal #1 Best Seller and Favorite Read of 2014 • A Washington Post #1 Best Seller and Top 50 Nonfiction Book of 2014
“It seems safe to say that Capital in the Twenty-First Century…will be the most important economics book of the year—and maybe of the decade. Piketty, arguably the world’s leading expert on income and wealth inequality, does more than document the growing concentration of income in the hands of a small economic elite. He also makes a powerful case that we’re on the way back to ‘patrimonial capitalism,’ in which the commanding heights of the economy are dominated not just by wealth, but also by inherited wealth, in which birth matters more than effort and talent.”—Paul Krugman, The New York Times
2016 PROSE Award, Economics category, Association of American Publishers • 2015 Richard A. Lester Award for the Outstanding Book in Industrial Relations and Labor Economics, Princeton University • A Big Issue Best Book of 2015 • An Economist Best Economics and Business Book of 2015 • A Financial Times Best Economics Book of 2015
“[Atkinson] does not mind speaking uncomfortable truths. Among them: that the comfort and opportunity provided by wealth matter just as much as the consumption that wealth affords; that holding down a job may not be enough to provide most workers with a standard of living that keeps up with economic growth; and that economic power helps protect itself in subtle and pervasive ways which might well demand an interventionist government response. Sir Anthony’s answer might not be the right one. But if his book reminds the reader how far out of fashion the policies of the post-war decades have fallen, it also conveys how skewed the economy of today might look to an observer from the not so distant past—or, perhaps, from the not so distant future.”—The Economist
“Branko Milanovic has written an outstanding book. Global Inequality: A New Approach for the Age of Globalization is informative, wide-ranging, scholarly, imaginative and commendably brief. As you would expect from one of the world’s leading experts on this topic, Milanovic has added significantly to important recent works by Thomas Piketty, Anthony Atkinson and François Bourguignon… Ever-rising inequality looks a highly unlikely combination with any genuine democracy. It is to the credit of Milanovic’s book that it brings out these dangers so clearly, along with the important global successes of the past few decades.”—Martin Wolf, Financial Times
Understanding wealth—who has it, how they acquired it, how they preserve it—is crucial to addressing challenges facing the United States. Edward Wolff’s account of patterns in the accumulation and distribution of U.S. wealth since 1900 provides a sober bedrock of facts and analysis. It will become an indispensable resource for future public debate.
How did Americans come to quantify their society’s well-being in units of money? In our GDP-run world, prices are the measure of not only goods and commodities but our environment, communities, nation, even self-worth. Eli Cook shows how, and why, we moderns lost sight of earlier social and moral metrics that did not put a price on everyday life.
Giacomo Corneo presents a refreshingly antidogmatic review of economic systems, in the form of a fictional argument between a daughter indignant about economic injustice and her father, an economics professor. They tour tried and proposed systems in which production and consumption obey noncapitalistic rules and test their economic feasibility.
“Van Parijs and Vanderborght have done the discussion of a universal basic income a great service. They have set forth, clearly and comprehensively, what is probably the best case to be made today for this form of economic and social policy.”—Benjamin M. Friedman, The New York Review of Books
“Basic Income provides a rigorous analysis of the many arguments for and against a universal basic income, offering a road map for future researchers who wish to examine policy alternatives.”—Marc Levinson, The Wall Street Journal
“The book serves as a fantastic introduction to Piketty’s main argument in Capital [in the Twenty-First Century], and to some of the main criticisms, including doubt that his key equation—[r > g], showing that returns on capital grow faster than the economy—will hold true in the long run. It also contains thoughtful interventions in debates about the political economy of inequality.”—Aaron Reeves, Nature
“[An] excellent book… Baldwin’s work seems likely to become a standard, perhaps indispensable, guide to understanding how globalization has got us here and where it is likely to take us next. There can be few more vital subjects today that will benefit from this sort of clear and comprehensive exposition.”—Alan Beattie, Financial Times
“Brooke Harrington’s study of wealth management is one of those rare books where you just have to stand back in awe and wonder at the author’s achievement. In this intensely readable study, she offers a first-ever scholarly insight into a profession that was almost unknown a little over two decades ago… Harrington offers profound insights into the world of the professional people who dedicate their lives to meeting the perceived needs of the world’s ultra-wealthy. And, as she makes clear, the most apparently compelling of those needs is to avoid the rule of law… Don’t doubt the importance of this book’s messages: this is a significant and valuable case study at the current frontier of political economy.”—Richard J. Murphy, Times Higher Education
“Authoritative… As inequality has drawn increased public debate, most recently thanks to Thomas Piketty’s influential work, the changing conditions of employment have gotten far too little attention. Work remains the prime source of income for most people. The fissuring of work, Weil finds, is one of the main factors in the widening gap between productivity and earnings because it allows corporations to batter down labor costs—people’s paychecks… [The Fissured Workplace] shed[s] important new light on the resurgence of the power of finance and its connection to the debasement of work and income distribution.”—Robert Kuttner, The New York Review of Books
“An important voice… [Baradaran’s] excellent new book, How the Other Half Banks: Exclusion, Exploitation and the Threat to Democracy describes how, for decades, big banks have shed their social contract with the American public and transformed themselves into modern monstrosities which serve corporations and the wealthy and exploit or avoid the less affluent members of our society. Setting the stage with this historical context, Baradaran makes a compelling case for a postal banking system which would greatly benefit millions of struggling ‘unbanked’ Americans.”—Ralph Nader, The Huffington Post