This book provides deep insights into the history of almost 250 years of the world's most important financial market, the U.S. Mark Higgins follows the journey of money through several highs and lows of American history up to the present day, showing the reader that knowing the past better equips one to handle the future.
The book 'Mixed Signals' brings to light the complexities of incentive systems. It delves deep into exploring how the relationship between incentives and human behavior can be tweaked and optimized for personal and institutional benefits. It also highlights the ill effects of poorly designed incentives which can lead to unexpected outcomes.
This book delves into the theoretical examination of an all-female economy. Clarey leverages economic theory, data, and societal context to meticulously demonstrate the potential challenges and shortcomings of a world without male labor force contribution.
"Denken, schnell und langsam" ist eine psychologische Erforschung der beiden Systeme, die unsere Denkprozesse antreiben - ein intuitives, schnell handelndes System und ein überlegtes, langsamer handelndes. Das Buch taucht ein in die Art und Weise, wie diese Systeme unsere Urteile und Entscheidungsfindungen formen.
"The Bottom Billion" is a book by Paul Collier that explores the reasons why the poorest billion people in the world are failing to progress despite international aid and support. It provides an analysis of the traps these countries are stuck in and proposes solutions to help them escape poverty.
"The Deficit Myth" is a book that challenges traditional economic thinking, arguing that federal budget deficits are not inherently bad and can be used as a tool to address critical issues like inequality, joblessness, and climate change.
"Paying with Plastic" is a comprehensive exploration of the credit card industry, detailing its history, economics, and the impact it has on society.
"The Natural Economic Order" by Silvio Gesell is a comprehensive exploration of economic theory, proposing solutions to economic problems through the application of the concepts of Free-Land and Free-Money. The book argues for an economic system that is adapted to human nature, respects the laws of natural selection, and promotes a fair exchange of goods and services.
"The Intelligent Investor" provides insights into the principles of investing, emphasizing the importance of patience, discipline, and emotional control. It teaches how to minimize the odds of suffering irreversible losses, maximize the chances of achieving sustainable gains, and control self-defeating behavior that hinders most investors from reaching their full potential.
"How China Escaped Shock Therapy" explores the economic debates and decisions that shaped China's unique path of gradual marketization, avoiding the shock therapy approach that led to economic collapse in countries like Russia. It delves into the intellectual struggle between reform economists advocating for shock therapy and those arguing for experimental gradualism and the dual-track price system.
"The Capital" is a critical analysis of capitalist society, in which Karl Marx examines the dynamics of capitalism, the exploitation of the working class, and the role of capital in the economy.
"Nudge" explores the concept of 'libertarian paternalism' and how it can be used to influence people's decisions in a way that will make their lives better, without removing their freedom of choice. It discusses how small changes in the way choices are presented can significantly impact our decisions in areas like healthcare, finance, and environmental protection.
"Principles" is about the fundamental truths that serve as the foundations for navigating the financial markets especially in debt crisis. It provides a systematic approach to decision-making, goal-setting, and problem-solving based on the author's personal experiences and observations.
A Random Walk Down Wall Street provides insights into the stock market and investment strategies, arguing that buying and holding an index fund is more beneficial than attempting to buy and sell individual securities or actively managed mutual funds. It also explores the concept of a random walk, suggesting that short-term changes in stock prices are unpredictable and that investment advisory services, earnings forecasts, and chart patterns are ineffective.
"Junkyard Planet" erforscht den globalen Müllhandel und zeigt auf, wie der Abfall, den wir produzieren und wegwerfen, zu einem profitablen Geschäft werden kann. Es taucht in die Recyclingindustrie ein, diskutiert ihre Umweltauswirkungen, die beteiligten Menschen und wie unsere Konsumgewohnheiten diese milliardenschwere Industrie beeinflussen.
Der Kodex des Kapitals erforscht, wie Gesetz und rechtliche Institutionen eine entscheidende Rolle dabei spielen, Reichtum und Ungleichheit zu schaffen, indem sie gewöhnliche Vermögenswerte in Kapital umwandeln. Sie nutzen dabei rechtliche Module wie Eigentumsrechte, Sicherheiten, Vertrauen, Unternehmens- und Insolvenzrecht.
Das Kommunistische Manifest präsentiert die Prinzipien des Kommunismus und die Theorie des Klassenkampfes. Es setzt sich für den Sturz kapitalistischer Systeme ein und befürwortet die Errichtung einer klassenlosen, proletarischen Gesellschaft.
Die Geldpolitik des 21. Jahrhunderts untersucht die Entwicklung der Instrumente, des politischen Rahmens und der Kommunikation der Federal Reserve als Reaktion auf wichtige wirtschaftliche Entwicklungen und konzentriert sich dabei auf den Zeitraum von der Großen Inflation bis zur COVID-19-Pandemie. Es wird untersucht, wie diese Veränderungen durch Faktoren wie das Inflationsverhalten, Finanzkrisen und die Zwänge der niedrigen Zinssätze geprägt wurden.
"Junkyard Planet" explores the global trash trade, revealing how the waste we produce and discard can become a profitable business. It delves into the recycling industry, discussing its environmental implications, the people involved, and how our consumption habits influence this billion-dollar industry.
21st Century Monetary Policy explores the evolution of the Federal Reserve's tools, policy framework, and communications in response to major economic developments, focusing on the period from the Great Inflation to the COVID-19 pandemic. It examines how these changes have been shaped by factors such as inflation behavior, financial crises, and the constraints of low interest rates.
The Code of Capital explores how law and legal institutions play a crucial role in creating wealth and inequality by transforming ordinary assets into capital, using legal modules such as property rights, collateral, trust, corporate, and bankruptcy law.
Time for Socialism is a collection of articles by Thomas Piketty that explores the need for a new form of participatory socialism to address growing inequalities and environmental challenges in the context of globalization. The book emphasizes the importance of collective action, social justice, and democratic institutions in achieving a more equitable and sustainable world.
The Communist Manifesto presents the principles of communism and the theory of class struggle, advocating for the overthrow of capitalist systems and the establishment of a classless, proletarian society.
The book Nickel and Dimed (2001) is about a journalist who goes undercover and takes on minimum-wage jobs in America to see if she can survive. Barbara Ehrenreich's experiment reveals the harsh reality of poverty and the struggles of those living in the working class.
The book Fooled by Randomness (2001) is about the hidden role of luck and chance in our lives, and how we often mistake it for skill or ability. Nassim Nicholas Taleb argues that we are too quick to attribute success to our own abilities and too slow to acknowledge the impact of randomness, leading to dangerous misconceptions and flawed decision-making.
The book Capital in the Twenty-First Century (2013) is about the shocking reality of wealth inequality in our modern world. Through extensive research and analysis, Piketty uncovers the dangerous consequences of the concentration of wealth in the hands of a few, and offers bold solutions for a more just society.
The book The Shock Doctrine (2007) is about how some powerful elites exploit natural disasters, wars, and economic crises to push their self-serving policies. Naomi Klein exposes how these crises are used as opportunities to impose radical free-market policies that benefit only a few, causing widespread suffering and inequality.
The book The Alchemy of Finance (1987) is about the incredible success story of billionaire investor George Soros, who shows readers a completely new way of looking at the world of finance. Through his innovative theories and personal experiences, Soros reveals the secrets to his impressive wealth and provides valuable insights into the workings of global financial markets.
The book The Wealth of Nations (1776) is about the incredible power of free markets and the division of labor to create wealth and prosperity for all. Adam Smith's ideas revolutionized economics and continue to shape modern society.
The book Debt (2011) is about the history of money and its impact on society. David Graeber argues that debt and credit systems have shaped human relationships and power dynamics throughout history, and that our current financial system is not inevitable, but rather a product of political choices.
The book Why Nations Fail (2012) is about the political and economic systems that shape the success or failure of nations. Acemoglu and Robinson argue that inclusive institutions that allow for the participation and empowerment of citizens lead to prosperous and sustainable societies, while extractive institutions that concentrate power and resources in the hands of a few ultimately lead to the decline and collapse of nations.
The book The Black Swan (2007) is about the unpredictable events that shape our lives and society. Nassim Nicholas Taleb argues that these rare, high-impact events, which he calls "black swans," are not only impossible to predict but also have a significant and lasting impact on our world.
The book Antifragile (2012) is about embracing chaos and uncertainty to not only survive but thrive in an unpredictable world. Nassim Nicholas Taleb's philosophy is that instead of trying to eliminate risk and volatility, we should learn to benefit from it and become antifragile.
The book The Signal and the Noise (2012) is about the art of prediction and how to make accurate forecasts in a world full of noise. Nate Silver, a statistician and data analyst, explores the successes and failures of prediction in various fields, from politics to sports, and offers practical advice on how to distinguish the signal from the noise.
The book Predictably Irrational (2008) is about the fascinating and often illogical ways in which human beings make decisions. Dan Ariely delves into the realm of behavioral economics to reveal the hidden forces that drive our choices, showing how we can use this knowledge to make better decisions in all areas of our lives.
The book The End of Alchemy (2016) is about the thrilling exploration of how the financial system can be fundamentally transformed to prevent future crises. Mervyn King presents a compelling argument for the need to break the shackles of traditional economic thinking and embrace a new approach based on the principles of alchemy.
