Category Archives: Economics

Financial Times and Goldman Sachs Business Book of the Year Longlist

Here’s the “longlist” for the 2009 Financial Times and Goldman Sachs Business Book of the Year Award. Apparently this list will get whittled down to a “shortlist” on September 17, and the “winner” will be announced at the end of October at a gala event in London.

  1. Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism by George A Akerlof, Robert J Shiller
  2. Clever: Leading Your Smartest, Most Creative People by Rob Goffee, Gareth Jones
  3. Free: The Future of a Radical Price by Chris Anderson
  4. Good Value: Reflections on Money, Morality and an Uncertain World by Stephen Green
  5. House of Cards: A Tale of Hubris and Wretched Excess on Wall Street By William D Cohan
  6. How the Mighty Fall: And Why Some Companies Never Give in by Jim Collins
  7. Imagining India: The Idea of a Renewed Nation by Nandan Nilekani
  8. In Fed We Trust: Ben Bernanke’s War on the Great Panic by David Wessel
  9. Lords of Finance: The Bankers Who Broke the World by Liaquat Ahamed
  10. The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals by Frank Partnoy
  11. The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street by Justin Fox
  12. Supercorp: How Vanguard Companies Create Innovation, Profits, Growth, and Social Good by Rosabeth Moss Kanter
  13. This Time Is Different: Eight Centuries of Financial Folly by Carmen M Reinhart, Kenneth Rogoff
  14. Waste: Uncovering the Global Food Scandal, by Tristram Stuart
  15. Why Your World Is about to Get a Whole Lot Smaller: Oil and the End of Globalization by Jeff Rubin

I have read only two of the books on the list (cf. items 5 and 11 below), so it looks like I have some catching up to do!

The ft.com article entitled “Reading into financial crises past, present and future” provides a useful synopsis of these books.

My Favorite (and the Wall Street Journal’s Favorite) Economics Websites/Blogs

There are a number of useful resources available on the Internet that complement the study of economics.  Two of my favorite sites include the Library of Economics and Liberty at George Mason University and Greg Mankiw’s Blog.  The Library of Economics and Liberty represents a particularly ambitious project, offering “…a unique combination of resources for students, teachers, researchers, and aficionados of economic thought”, including articles, books, an encylopedia, a blog called EconLog, and a podcast site called Econtalk.  Greg Mankiw is an economics professor at Harvard University and author of a very popular introductory economics textbook.  The Library of Economics and Liberty boasts a clearly libertarian perspective, whereas Professor Mankiw is a conservative, having served as chairman of the Council of Economic Advisors under President Bush (obviously the fact that I like both of these sites unambiguously reveals my personal philosophical/political biases).

EconLog and Greg Mankiw’s Blog both made the Wall Street Journal’s (July 16, 2009) list of the “Top 25 Economics Blogs”.  Here’s the listing and description of the top 25 (as well as the 5 “honorable mentions).

Man vs. Mutt

As Greg Mankiw notes, ” British healthcare is great…as long as you walk on four legs (see http://gregmankiw.blogspot.com/2009/08/british-healtcare-is-great.html). The author of the WSJ article, Theodore Dalrymple, concludes his article by noting,


“And what I want, at least for that part of my time that I spend in England, is to be a dog. I also want, wherever I am, the Americans to go on paying for the great majority of the world’s progress in medical research and technological innovation by the preposterous expense of their system: for it is a truth universally acknowledged that American clinical research has long reigned supreme, so overall, the American health-care system must have been doing something right. The rest of the world soon adopts the progress, without the pain of having had to pay for it.”

Man_vs_mutt

Health-Care Reform: Do Animals or People Get Better Care? – WSJ.com: Theodore Dalrymple on who gets the better treatment, and what this means for U.S. health-care reform.

France Fights Universal Care's High Cost – WSJ.com

Here’s a cautionary tale from the country that we are trying desperately to mimic in so many ways!

]]>