'a hopeful book about the potential for human progress when we work off facts rather than our inherent biases'. BARACK OBAMA *the #1 Sunday Times bestseller * instant New York Times bestseller * an Observer 'best brainy book of the decade' * #1 Wall Street Journal bestseller * Irish Times bestseller * Audio bestseller * Guardian bestseller * ---Longlisted for the 2018 Financial Times /McKinsey Business Book of the Year--- 'One of the most important books I've ever read - an indispensable guide to thinking clearly about the world.' BILL GATES 'Hans Rosling tells the story of "the secret silent miracle of human progress" as only he can. But Factfulness does much more than that. It also explains why progress is so often secret and silent and teaches readers how to see it clearly.' MELINDA GATES Factfulnes s: The stress-reducing habit of only carrying opinions for which you have strong supporting facts. When asked simple questions about global trends - why the world's population is increasing; how many young women go to school; how many of us live in poverty - we systematically get the answers wrong. So wrong that a chimpanzee choosing answers at random will consistently outguess journalists, Nobel laureates, and investment bankers. In Factfulness , Professor of International Health and a man who can make data sing, Hans Rosling, together with his two long-time collaborators Anna and Ola, offers a radical new explanation of why this happens, and reveals the ten instincts that distort our perspective. It turns out that the world, for all its imperfections, is in a much better state than we might think. But when we worry about everything all the time instead of embracing a worldview based on facts, we can lose our ability to focus on the things that threaten us most. Inspiring and revelatory, filled with lively anecdotes and moving stories, Factfulness is an urgent and essential book that will change the way you see the world.
'One of the most important books I've ever read - an indispensable guide to thinking clearly about the world.' BILL GATES 'Hans Rosling tells the story of "the secret silent miracle of human progress" as only he can. But Factfulness does much more than that. It also explains why progress is so often secret and silent and teaches readers how to see it clearly.' MELINDA GATES Factfulnes s: The stress-reducing habit of only carrying opinions for which you have strong supporting facts. When asked simple questions about global trends - why the world's population is increasing; how many young women go to school; how many of us live in poverty - we systematically get the answers wrong. So wrong that a chimpanzee choosing answers at random will consistently outguess journalists, Nobel laureates, and investment bankers. In Factfulness , Professor of International Health and a man who can make data sing, Hans Rosling, together with his two long-time collaborators Anna and Ola, offers a radical new explanation of why this happens, and reveals the ten instincts that distort our perspective. It turns out that the world, for all its imperfections, is in a much better state than we might think. But when we worry about everything all the time instead of embracing a worldview based on facts, we can lose our ability to focus on the things that threaten us most. Inspiring and revelatory, filled with lively anecdotes and moving stories, Factfulness is an urgent and essential book that will change the way you see the world.
Anecdotally rich . . . A highly readable study in world economics and a valuable primer for would-be oil barons.>
A guide to the economy in graphic novel format traces the history of Western economic thought from its beginnings to the world economy in the twenty-first century.
FROM THE WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS 'Wonderfully refreshing . . . A must read' Thomas Piketty In this revolutionary book, prize-winning economists Abhijit V. Banerjee and Esther Duflo show how economics, when done right, can help us solve the thorniest social and political problems of our day. From immigration to inequality, slowing growth to accelerating climate change, we have the resources to address the challenges we face but we are so often blinded by ideology. Original, provocative and urgent, Good Economics for Hard Times offers the new thinking that we need. It builds on cutting-edge research in economics - and years of exploring the most effective solutions to alleviate extreme poverty - to make a persuasive case for an intelligent interventionism and a society built on compassion and respect. A much-needed antidote to polarized discourse, this book shines a light to help us appreciate and understand our precariously balanced world.
We all have the sense that our economy tilts toward big business, but, as Joseph E. Stiglitz explains in People, Power, and Profits , a few corporations now dominate entire sectors, contributing to skyrocketing inequality and slow growth. This is how the financial industry has managed to write its own regulations, tech companies have accumulated reams of personal data without oversight, and the government has negotiated trade deals that fail to represent the interests of workers. Too many have made their wealth through exploitation of others rather than through wealth creation. New technologies may make matters worse, increasing inequality and unemployment. Stiglitz identifies the true sources of wealth and of increases in standards of living, based on learning, advances in science and technology, and the rule of law. He shows that the assault on the judiciary, universities, and the media undermines the very institutions that have long been the foundation of economic prosperity and democracy. He sets out the economic solutions which will exploit the benefits of markets while taming their excesses, and how a decent middle-class life can once again be attainable for all.
As seen on BBC Newsnight.
Economics is broken, and the planet is paying the price.
Unforeseen financial crises. Extreme wealth inequality. Relentless pressure on the environment. Can we go on like this? Is there an alternative?
In Doughnut Economics, Oxford academic Kate Raworth lays out the seven deadly mistakes of economics and offers a radical re-envisioning of the system that has brought us to the point of ruin. Moving beyond the myths of 'rational economic man' and unlimited growth, Doughnut Economics zeroes in on the sweet spot: a system that meets all our needs without exhausting the planet.
The demands of the 21st century require a new shape of economics. This might just be it.
*The Sunday Times Bestseller* *A Financial Times and Forbes Book of the Year* *Winner of the Transmission Prize 2018* *Longlisted for the FT/McKinsey Business Book of the Year Award 2017* 'The John Maynard Keynes of the 21st century.' George Monbiot, Guardian 'This is sharp, significant scholarship . . . Thrilling.' Times Higher Education 'Raworth's magnum opus . . . A fascinating reminder to business leaders and economists alike to stand back at a distance to examine our modern economics.' Books of the Year, Forbes 'There are some really important economic and political thinkers around at the moment - such as Kate Raworth's Doughnut Economics.' Andrew Marr, Guardian 'An admirable attempt to broaden the horizons of economic thinking.' Martin Wolf, Books of the Year, Financial Times 'A compelling and timely intervention.' Caroline Lucas MP, Books of the Year, The Ecologist
The extraordinary efforts that took mankind to the moon 50 years ago were more than a scientific feat of aeronautics. They required new forms of collaboration between the public sector (notably, NASA) and private companies. This book asks: what if the same level of boldness - the boldness that set inspirational goals, took risks and explicitly recognized that this requires large spending but will be worthwhile in terms of long-term growth - was applied to the biggest problems of our time, climate change, disease and inequality, to name only a few? Mariana Mazzucato argues that applying innovation to societal goals and structuring government budgets more explicitly to the long-term, as the moon programme did, we can do government differently.>
SHORTLISTED FOR THE 2020 ROYAL SOCIETY INSIGHT INVESTMENT SCIENCE BOOK PRIZE LONGLISTED FOR THE 2020 FINANCIAL TIMES AND McKINSEY BUSINESS BOOK OF THE YEAR AWARD An urgent analysis of global gender inequality and a passionately argued case for change by a pioneer in the movement for women''s economic empowerment. ''A compelling and actionable case for unleashing women''s economic power.'' MELINDA GATES ''Passionate and timely . . . in a world where so many of us stick to criticising the status quo, it''s heartening to read someone willing to offer viable solutions.'' CAROLINE CRIADO-PEREZ, OBSERVER (author of Invisible Women ) The Cost of Sexism is an urgent analysis of global gender inequality and a fervently argued case for change by a pioneer in the movement for women''s economic empowerment. Drawing on decades of statistical evidence, original research and global on-the-ground experience, Linda Scott outlines a revolutionary, actionable plan to remove economic barriers against women, and in the process combat humankind''s most pressing problems. ''Shocking.'' ADAM RUTHERFORD, BBC INSIDE SCIENCE ''Scholarly and impassioned.'' FINANCIAL TIMES ''Essential.'' TIMES LITERARY SUPPLEMENT ''Powerful.'' NEW YORK TIMES BOOK REVIEW ''A rallying cry for global female equality.'' GUARDIAN ''Pulls no punches.'' IRISH INDEPENDENT *** The Cost of Sexism was previously published in 2020 in hardback under the title The Double X Economy .
Why is the city-state better than the nation-state, and why is what we call "efficient" is not efficient at all? Why should you write your resignation letter before starting on the job? How did the sinking of the Titanic save lives? This title shows us that improbable and unpredictable events underlie everything about our world.
#1 NEW YORK TIMES BESTSELLER A bold work from the author of The Black Swan that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility In his most provocative and practical book yet, one of the foremost thinkers of our time redefines what it means to understand the world, succeed in a profession, contribute to a fair and just society, detect nonsense, and influence others. Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept ones own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life. As always both accessible and iconoclastic, Taleb challenges long-held beliefs about the values of those who spearhead military interventions, make financial investments, and propagate religious faiths. Among his insights: For social justice, focus on symmetry and risk sharing. You cannot make profits and transfer the risks to others, as bankers and large corporations do. You cannot get rich without owning your own risk and paying for your own losses. Forcing skin in the game corrects this asymmetry better than thousands of laws and regulations. Ethical rules arent universal. Youre part of a group larger than you, but its still smaller than humanity in general. Minorities, not majorities, run the world. The world is not run by consensus but by stubborn minorities imposing their tastes and ethics on others. You can be an intellectual yet still be an idiot. Educated philistines have been wrong on everything from Stalinism to Iraq to low-carb diets. Beware of complicated solutions (that someone was paid to find). A simple barbell can build muscle better than expensive new machines. True religion is commitment, not just faith. How much you believe in something is manifested only by what youre willing to risk for it. The phrase skin in the game is one we have often heard but rarely stopped to truly dissect. It is the backbone of risk management, but its also an astonishingly rich worldview that, as Taleb shows in this book, applies to all aspects of our lives. As Taleb says, The symmetry of skin in the game is a simple rule thats necessary for fairness and justice, and the ultimate BS-buster, and Never trust anyone who doesnt have skin in the game. Without it, fools and crooks will benefit, and their mistakes will never come back to haunt them.
What would a fair and equal society look like? The world-renowned economist and bestselling author Yanis Varoufakis presents his radical and subversive answer. Imagine it is now 2025 and that years earlier, in the wake of the world financial crisis of 2008, a new post-Capitalist society had been born. In this ingenious book, Yanis Varoufakis draws on the greatest thinkers in European culture from Plato to Marx, as well as the great thought-experiments of science fiction, to offer us a dramatic and tantalising glimpse of a brave new world where the principles of democracy, equality and justice are truly embedded in our economy. Through the eyes of three characters - a liberal economist, a radical feminist and a left-wing technologist - we come to see what would be needed to forge such a world but also at what cost. This transformative vision forces each of us to confront the profound questions and trade-offs that underpin all societies: how do we balance freedom with fairness? How do we unleash the best that humanity has to offer without opening the door to the worst? Another Now offers answers to some of the most pressing questions of today. It also challenges us to consider how far we are willing to go in pursuit of our ideals.
We can''t stop shopping but we must stop shopping - the consumer dilemma that defines our lives and our future. What would happen if we did? We are using up the planet at almost double the rate it can regenerate. To support our economies, we''re told we must shop now like we''ve never shopped before. And whilst we can do it more responsibly, the scale of our consumption remains the biggest factor in the ruination of the planet. Yet our reliance on stuff continues to grow. But what would our world look like if we stopped? Would civilisation collapse? Would the planet''s ecology be reborn? What would happen to the way we think, make products, use time, express our individuality? Would life be better - or worse? Visiting places where economies have experienced temporary shut-downs, artisan producers, zero-consumption societies and bringing together a host of expert views, this is both a deeply reported thought-experiment, a history of our relationship with consumption, and a story about the future. Our private choices are putting the world in peril. The Day the World Stops Shopping is an essential exploration of who we are and what we use, and a vision of a more sustainable world.
Why are some nations more prosperous than others? This book sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions. It explains why the world is divided into nations with wildly differing levels of prosperity.
In November 2018, the New York Times published a bombshell in-depth investigation that exposed, with disturbing insider detail, how leadership decisions at Facebook enabled, and then tried to cover up, massive privacy breaches and Russian meddling in the 2016 election. The story quickly shot to the top of the paper''s most emailed list. It would earn the team of Times reporters a prestigious Loeb award, the George Polk award, and a spot on the Pulitzer short list. But it only skimmed the surface. The investigation''s lead reporters, Sheera Frenkel and Cecilia Kang, spent eighteen months piecing together the story of how one of the most powerful companies in the world tried to bury a damning truth-that Facebook has become a conduit for disinformation, hate speech, and political propaganda. The unrivalled sources of these two veteran journalists led them to perhaps the most recognizable names in the tech industry: Mark Zuckerberg and Sheryl Sandberg. Both have long existed as archetypes of uniquely 21st century executives-he, the tech "boy genius" turned billionaire, she, the ultimate woman in business, an inspiration to millions through her books and speeches. An Ugly Truth is the definitive story of Facebook''s fall from grace, following the embattled company from 2011, when its power and positive influence was undisputed, to 2020, when it will face its biggest test yet-the US presidential election. What are the ultimate ramifications when a few individuals are in charge of the technology used by half the world''s population? Can they control the technology they''ve unleashed into the world? And if not, can we, as individuals and as a society, control them?
George Soros is among the world's most prominent public figures. He is one of the history's most successful investors and his philanthropy, led by the Open Society Foundations, has donated over $14 billion to promote democracy and human rights in more than 120 countries. But in recent years, Soros has become the focus of sustained right-wing attacks in the United States and around the world based on his commitment to open society, progressive politics and his Jewish background. In this brilliant and spirited book, Soros offers a compendium of his philosophy, a clarion call-to-arms for the ideals of an open society: freedom, democracy, rule of law, human rights, social justice, and social responsibility as a universal idea. In this age of nationalism, populism, anti-Semitism, and the spread of authoritarian governments, Soros's mission to support open societies is as urgent as it is important.
The definitive history of what has happened to the social network since its inception . . . a great read>
This landmark study of the transatlantic slave trade by pioneering economic historian Eric Williams offers a boldly revisionist view of racism, imperialism and emancipation.br>br>Tracing the rise and fall of slavery through the eighteenth and nineteenth centuries, Williams examines how the trade laid the foundations of global capitalism and fuelled Europe''s industrial development. He reveals how racism arose as a result, providing a means of rationalising a profoundly immoral but lucrative practice. And he lays bare the economic self-interest that drove the early abolitionists, exploding the myth of emancipation as a mark of Britain''s moral progress.br>br>''If one criterion of a classic is its ability to reorient our most basic way of viewing an object or a concept, Eric Williams''s study supremely passes that test'' Seymour Drescher>
The world has finally awoken to the reality of climate breakdown and ecological collapse. Now we must face up to its primary cause. Capitalism demands perpetual expansion, which is devastating the living world. There is only one solution that will lead to meaningful and immediate change: degrowth. If we want to have a shot at surviving the Anthropocene, we need to restore the balance. We need to change how we see the world and our place within it, shifting from a philosophy of domination and extraction to one that''s rooted in reciprocity with our planet''s ecology. We need to evolve beyond the dusty dogmas of capitalism to a new system that''s fit for the twenty-first century. But what about jobs? What about health? What about progress? This book tackles these questions and offers an inspiring vision for what a post-capitalist economy could look like. An economy that''s more just, more caring, and more fun. An economy that enables human flourishing while reversing ecological breakdown. By taking less, we can become more.
Economic theories and models shape our everyday lives. They are relied on by politicians when tax rises or cuts are being considered. They inform debates about everything from bonuses for CEOs to minimum wage rates to the level of job protection enshrined in law. They determine what levels of tobacco or petrol duty are charged, and influence government approaches to issues as diverse as obesity and climate change. The question is: are policy makers right to be so slavishly reliant on them? Tom Bergin is sceptical, and in Free Lunch Thinking he subjects eight of the most prevalent economic mantras to close scrutiny, assessing how they play out in practice. Again and again, he shows how individuals, companies and markets fail to respond to policy changes as theory predicts. He exposes the missed opportunities and wasted resources that result. And by tracing the development of key economic tenets, he demonstrates how their champions'' tendency to believe in phenomena for which they have little hard evidence leaves accepted economic wisdom frequently being more about faith than facts. His book both exposes and challenges lazy thinking. It also sets out a path for more considered future.