New Books Network

Daniel Peris on Goetzmann’s “Money Changes Everything” (Princeton UP, 2016)
Think that Wall Street has nothing to do with the real economy? You are probably not alone in that regard. But it turns out, you are wrong. As William N. Goetzmann demonstrates in his Money Changes Everything: How Finance Made Civilization Possible (Princeton University Press, 2016), the tools of finance... Read More
Alberto Cairo, “How Charts Lie: Getting Smarter about Visual Information” (Norton, 2019)
We’ve all heard that a picture is worth a thousand words, but what if we don’t understand what we’re looking at? Social media has made charts, infographics, and diagrams ubiquitous―and easier to share than ever. We associate charts with science and reason; the flashy visuals are both appealing and persuasive.... Read More
Richard Robb, “Willful: How We Choose What We Do” (Yale UP, 2019)
Tired of the mechanical, narrowly rational human behavior of the Chicago school, but not exactly comforted by the emphasis on irrational activity in behavioral economics? So am I. Richard Robb, professor at Columbia and fund manager, offers a third way. In Willful: How We Choose What We Do (Yale University... Read More
Howard Kunreuther, “The Future of Risk Management” (U Penn Press, 2019)
Whether man-made or naturally occurring, large-scale disasters can cause fatalities and injuries, devastate property and communities, savage the environment, impose significant financial burdens on individuals and firms, and test political leadership. Moreover, global challenges such as climate change and terrorism reveal the interdependent and interconnected nature of our current moment:... Read More
Binyamin Appelbaum, “The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society” (Little, Brown and Company 2019)
Think economics is the “dismal science” with abstract formulas that have no impact on life as it is actually lived? Think again.  In The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society (Little, Brown and Company 2019), Binyamin Appelbaum–former correspondent and now an editorial board member of... Read More
Daniel Peris on Robert Shiller’s “Narrative Economics” (Princeton UP, 2019)
Culture matters. And a key element of culture is storytelling. These maxims can be accepted as given, except in modern economics, where the mechanistic framework of modern macroeconomic analysis allows just for formulas. Concerned about the relationship between unemployment levels and inflation? Here’s the formula:  gW = gWT – f(U − U*) + λ·gPex    It’s called the Phillips... Read More
James C. W. Ahiakpor, “Macroeconomics without the Errors of Keynes” (Routledge, 2019)
I spoke with James C. W. Ahiakpor, he is Professor Emeritus, Department of Economics, at California State University, East Bay, USA. We discussed his new book Macroeconomics without the Errors of Keynes: The Quantity Theory of Money, Saving, and Policy (Routledge, 2019)–a provocative title for a very original book that... Read More
Lawrence Glickman, “Free Enterprise: An American History” (Yale UP, 2019)
“Free enterprise” is an everyday phrase that connotes an American common sense. It appears everywhere from political speeches to pop culture. And it is so central to the idea of the United States that some even labeled Christopher Columbus and the Pilgrims free enterprisers. In his new book, Free Enterprise:... Read More