Economy & Finance

An informative and entertaining account of how actions send signals that shape behaviors and how to design better incentives for better results in our life, our work, and our world

Unlock the power of shareholder capitalism -- a system that transcends zero-sum games and Wall Street stereotypes. In its essence, shareholder capitalism enables mutually beneficial trade, a concept ingrained in our human history for over 300,000 years. This approach fosters specialization, fuels innovation, and propels economic growth. In this engaging new book, David McLean explains how embracing shareholder capitalism doesn't negate the significance of other institutions; rather, it allows businesses to excel in providing the goods, services, and jobs that make society better off. Shareholder capitalism isn't about disregarding stakeholders; it thrives on mutually beneficial partnerships, and managers are entrusted to maximize shareholder value, focusing on companies' long-term success, which drives overall prosperity. Profits, the ultimate measure of value, steer businesses toward creating goods and services that benefit society. While shareholder capitalism is the overarching theme in Finance 101 courses, it is increasingly criticized, especially with the popularization of concepts like ESG investing and stakeholder capitalism. McLean argues that corporate social responsibility, while well-intentioned, shouldn't replace the democratic process in policymaking, and can lead to unintended consequences. Our journey through capitalism, beginning around 1800, has brought unprecedented prosperity, and it's essential to safeguard this system for the betterment of society, with democracy and free trade as our guiding beacons.

Discover the official resource for success on the 2025 CFA Level I exam. Get your copy of the CFA(R) Program Curriculum now. The 2025 CFA Program Curriculum Level I Box Set contains the content you need to perform well on the Level I CFA exam in 2025. Designed for candidates to use for exam preparation and professional reference purposes, this set includes the full official curriculum for Level I and is part of the larger CFA Candidate Body of Knowledge (CBOK). Covering all ten core topics found on the Level I exam, the 2025 CFA Program Curriculum Level I Box Set helps you: Develop critical knowledge and skills essential in the industry. Learn from financial thought leaders. Access market-relevant instruction. The set also features practice questions to assist with your mastery of key terms, concepts, and formulas. Volumes include: Volume 1: Quantitative Methods Volume 2: Economics Volume 3: Corporate Issuers Volume 4: Financial Statement Analysis Volume 5: Equity Investments Volume 6: Fixed Income Volume 7: Derivatives Volume 8: Alternative Investments Volume 9: Portfolio Management Volume 10: Ethical and Professional Standards Indispensable for anyone preparing for the 2025 Level I CFA exam, the 2025 CFA Program Curriculum Level I Box Set is a must-have resource for those seeking the foundational skills required to become a Chartered Financial Analyst(R).

From the New York Times bestselling author, the fascinating story of U.S. economic policy from Kennedy to Biden--filled with lessons for today In this book, Alan Blinder, one of the world's most influential economists and one of the field's best writers, draws on his deep firsthand experience to provide an authoritative account of sixty years of monetary and fiscal policy in the United States. Spanning twelve presidents, from John F. Kennedy to Joe Biden, and eight Federal Reserve chairs, from William McChesney Martin to Jerome Powell, this is an insider's story of macroeconomic policy that hasn't been told before--one that is a pleasure to read, and as interesting as it is important. Focusing on the most significant developments and long-term changes, Blinder traces the highs and lows of monetary and fiscal policy, which have by turns cooperated and clashed through many recessions and several long booms over the past six decades. From the fiscal policy of Kennedy's New Frontier to Biden's responses to the pandemic, the book takes readers through the stagflation of the 1970s, the conquest of inflation under Jimmy Carter and Paul Volcker, the rise of Reaganomics, and the bubbles of the 2000s before bringing the story up through recent events--including the financial crisis, the Great Recession, and monetary policy during COVID-19. A lively and concise narrative that is sure to become a classic, A Monetary and Fiscal History of the United States, 1961-2021 is filled with vital lessons for anyone who wants to better understand where the economy has been--and where it might be headed.

What can the fall of Rome teach us about the decline of the West today? A historian and a political economist, both experts in their field, investigateOver the last three centuries, the West rose to dominate the planet. Then, suddenly, around the turn of the millennium, history reversed. Faced with economic stagnation and internal political division, the West has found itself in rapid decline.This is not the first time the global order has witnessed such a dramatic rise and fall. The Roman Empire followed a similar arc from dizzying power to disintegration - a fact that is more than a strange historical coincidence. In Why Empires Fall, historian Peter Heather and political economist John Rapley use this Roman past to think anew about the contemporary West, its state of crisis, and what paths we could take out of it.In this exceptional, transformative intervention, Heather and Rapley explore the uncanny parallels - and productive differences - between the two cases, moving beyond the familiar tropes of invading barbarians and civilizational decay to learn new lessons from ancient history. From 399 to 1999, the life cycles of empires, they argue, sow the seeds of their inevitable destruction. The era of western global domination has reached its end - so what comes next?

Anthropologist Kristen Ghodsee looks at pioneering experiments in communal living to present a rousing argument for rethinking what we mean by home.'A must-read' THOMAS PIKETTY'Just wonderful' ANGELA SAINIThroughout history and around the world today, forward-thinking communities have pioneered alternative ways of living together, sharing property and raising children. In Everyday Utopia, anthropologist Kristen Ghodsee explores what we can learn from these experiments - from the ancient Greek commune founded by Pythagoras to the trail-blazing feminists of the French Revolution, from the cohousing movement in contemporary Denmark to the flourishing ecovillages of Colombia and Portugal. She shows why utopian thinking is essential to making a fairer world and that many of the best ways of getting there begin at home.'This warm, intelligent and lucid book takes us on a deep dive into how people have created better systems for living - systems that actually work' ROBERT WALDINGER, author of The Good Life and director of the Harvard Study of Adult Developmet'Exhilarating. A powerful reminder that dreaming of better worlds is not just some fantastical project but also a very serious political one' REBECCA TRAISTER, author of Good and Mad'Splendid. Invigorating writing for a cheerless era' YANIS VAROUFAKIS, author of Technofeudalism'A vision of what our future could be if we dare to dream' SUSAN NEIMAN, Left Is Not Woke

"The little-engine-that-could story of how a band of scrappy entrepreneurs are reviving the enterprise of manufacturing clothing in the United States"--

From an experienced business journalist, the story of how women have fought for financial freedom, and the social and political hurdles that have keep them from equality

'Thoughtful, moving and well-written' - Yuval Noah Harari'An urgent examination of the human attraction to misinformation' - Daniel H. PinkMisinformation affects us daily, from social media to politics and even personal relationships. Policing social media alone cannot solve the complex problem shaped by partisan politics and subjective interpretations of truth.In Misbelief social scientist Dan Ariely explores the behaviour of 'misbelief' that leads people to distrust accepted truths and embrace conspiracy theories. Misinformation taps into something innate in all of us, regardless of political affiliation. By understanding this psychology, we can mitigate its effects. Grounded in research and Ariely's personal experience as a target of disinformation, the book analyses the psychological drivers behind adopting irrational beliefs. Ariely reveals the emotional, cognitive, personality, and social elements that drive people towards false information and mistrust.Despite advanced AI generating convincing fake news, Ariely offers hope. Awareness of the forces fuelling misbelief makes individuals and society more resilient. Combating misbelief requires empathy, not conflict. Recognising misbelief as a human problem allows us to be part of the solution.

In the compelling and illuminating book, 15 Laws of Money: The Strangest Secrets The Super-Rich Don't Want You to Know, readers embark on a captivating journey through the hidden principles that have propelled the wealthy towards financial success. Unveiling the enigmatic secrets guarded by the super-rich, this book offers a unique blend of practical wisdom, inspiring anecdotes, and strategic insights that empower individuals to navigate the complexities of money management with confidence.From mastering the power of compound interest to building multiple income streams and cultivating an abundance mindset, each of the 15 laws is intricately explored, leaving readers eager to adopt these transformative strategies.Drawing from real-life experiences and the wisdom of financial luminaries, the book delves into the psychology of saving and spending, teaching readers the art of delayed gratification and the importance of aligning spending with personal values.Through stories of resilience and triumph, readers are inspired to overcome financial obstacles and embrace serendipity, realizing that challenges are stepping stones to growth.Furthermore, the book unravels the secrets of networking for opportunities, emphasizing the power of human connections, trust, and strategic partnerships in propelling financial prosperity.The allure of 15 Laws of Money: The Strangest Secrets the Super-Rich Don't Want You to Know lies not only in its depth of knowledge but also in its approachable and engaging style. Whether a seasoned investor or someone starting their financial journey, this book is a valuable resource that ignites the desire to seize control of one's financial destiny, propelling them towards a life of prosperity, contentment, and financial freedom.

In a lively and easy-to-navigate, question-and-answer format, Food Politics carefully examines and explains the most important issues on today's global food landscape.

'This book is quite literally a life-changer.' GREGG WALLACE'Making the most of your freezer is the best way to save money and waste less food.' CHRIS BAVIN------------Want to save thousands of pounds on your food bill? Eat a healthy varied diet? Cut down on food waste?The secret to all of this is in your freezer. This simple, five-step organisation guide will change the way you shop, cook and live - saving you money, time and wasted food. Kate Hall has already helped countless people transform their freezers from unloved graveyards of good intentions to organised treasure troves of ingredients ready to make a meal you actually want to eat, without having to pop to the shops or scrimp on quality. With handy illustrations and money-saving tips, The Full Freezer Method will empower you to make lasting change, save you money and actually enjoy the process.

In two volumes, this book covers in a comprehensive, internally balanced, systematic and detailed way the field of European Union (EU) banking law and regulation. In three parts, Volume I offers a brief introduction to the role of banks in the contemporary financial system and the theory of banking regulation, a thorough analysis of international financial standards which are contained in the sources of public international banking law (and of public international financial law, in general), a detailed presentation of the gradual evolution and the sources of EU banking law, as well as a precise analysis of the law-making process and the key institutional aspects of this branch of EU economic law. The standards and rules adopted and the institutions created in the aftermath of the (2007-2009) global financial crisis and the subsequent euro area fiscal crisis, as well as during the current pandemic crisis are discussed, as appropriate. A detailed analysis of the substantive aspects ofEU banking law will follow in Volume II

In this book, author Matheus Facure explains the untapped potential of causal inference for estimating impacts and effects.

With all the "noise" in today's financial markets, it's hard to know what things are truly critical to successful investing. That's why John Mauldin asked some of the best minds in the investment business to write about the "one thing" they had learned over their many years that they want their kids to know about investing and making money.

The Book that will not only leave you 'feeling' good, but also 'thinking' good. The Master Key is here given to the world as a means of tapping the great Cosmic Intelligence and attracting from it that which corresponds to the ambitions, and aspirations of each reader. The Master Key teaching has been published in the form of a Correspondence Course of 24 lessons, delivered to students one per week for 24 weeks. The reader, who now receives the whole 24 parts at one times, is warned not to attempt to read the book like a novel, but to treat it as a course of study and conscientiously to imbibe the meaning of each part - reading and re-reading one part only per week before proceeding to the next. Otherwise the later parts will tend to be misunderstood and the reader's time and money will be wasted. Used as thus instructed "The Master Key" will make of the reader a greater, better personality, and equipped with a new power to achieve any worthy personal purpose and a new ability to enjoy life's beauty and wonder.

The definitive text for students and scholars of Consumer Culture Theory (CCT), now fully updated and expanded to include the latest CCT research and consumption and marketplace phenomena.

The World's Simplest Guide to the Stock Market provides a crash course on the essentials of stocks and the stock market. In plain language it gives clear answers to key questions such as:- What is a company, how do companies grow, how do companies raise money, and how does a company go public?- What is a stock, what causes stock prices to move, and what do investors experience when they own a stock?- What are stock exchanges, how do exchanges work, how do investors interact with exchanges, and what is an index?And much, much more!Author Edward W. Ryan brings life to what can be complex and daunting topics. By drawing on his own experiences as both a personal investor and a professional in the investment industry, he provides real-world context that makes the material relatable and memorable.The World's Simplest Guide to the Stock Market is the ideal first read for anyone new to stocks, but is also useful for someone looking for a refresher on the basics. If you want to understand stocks and the stock market, this is the place to start!

'No Worries' shows how anyone can live a stress-free financial life and build wealth for the long term.

A magisterial history of the astounding rise - and unimaginable fall - of America's most iconic corporationPerhaps no company reflects American ingenuity, innovation, and industrial fortunes as well as the iconic General Electric Company. Producing storied leaders and almost every product imaginable, GE built a cult of success that hid cracks in its foundation. In this masterful history, William D. Cohan, one of America's most pre-eminent financial journalists, argues that GE's legacy is both a paragon and a cautionary tale through which to understand twentieth-century America. Power Failure limns the eventful 130-year history of GE, bringing fresh analysis drawn from rare interviews with key figures of the company's golden era, including Jack Welch himself. As Cohan recounts, Welch traded on a sterling legacy to make GE the most valuable and respected company in the world, while cloaking its vulnerabilities. What he handed to his successor Jeffrey Immelt was, Cohan argues, both an impossible standard and a more troubled reality. Tracing the company's leaps and stumbles through the personalities that defined it, Power Failure offers a surprising retelling of the GE story, puncturing the myth we think we know for a fresh look at its legacy - and what it tells us about the state of the financial world.