hardcover, by Nicole Gelinas — Robust financial markets support capitalism, they don't imperil it. But in 2008, Washington policymakers were compelled to replace private risk-takers in the financial system with government capital so that money and credit flows wouldn't stop, precipitating a depression. Washington's actions weren't the start of government distortions in the financial industry, Nicole Gelinas writes, but the[...]
hardcover, by Arnold Kling and Nick Schulz — The discipline of economics is not what it used to be. Over the last few decades, economists have begun a revolutionary reorientation in how we look at the world, and this has major implications for politics, policy, and our everyday lives. For years, conventional economists told us an incomplete story that leaned on the comfortable precision of mathematical abstraction and ignored the[...]
paperback, by Theodore Roosevelt Malloch — Despite the calls for massive spending and “stimulus,” if the current financial crisis has taught us anything, it is to save, not just spend. In fact, over the years “thrift” has become America’s lost or forgotten virtue, rarely mentioned and never celebrated, despite its historical significance. In Thrift, Theodore Roosevelt Malloch traces the history of thrift from its roots[...]
