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The 20th century witnessed the triumph of democratic capitalism in the industrialized West, with widespread popular support for both free markets and representative elections. Today, that political consensus appears to be breaking down, disrupted by polarization and income inequality, widespread dissatisfaction with democratic institutions, and insurgent populism. Tracing the history of democratic capitalism over the past two centuries, Carles Boix explains how we got here - and where we could be headed.

The Shortest History of Economics unearths the hidden economic forces behind war, innovation and social transformation, tracing how capitalism and the market system emerged. From the emergence of agriculture to the war in Ukraine, Andrew Leigh weaves a fascinating narrative punctuated by expert...

In March 2006, the world’s richest men sipped champagne in an opulent New York hotel. They were preparing to compete in a poker tournament with ­million-dollar stakes. At the card table that night was Peter Muller, who managed a fabulously successful hedge fund called PDT. With him was Ken...

The world is a better place than it used to be. People are healthier, wealthier, and live longer. Yet the escapes from destitution by so many has left gaping inequalities between people and nations. In The Great Escape, Angus Deaton - one of the foremost experts on economic development and on poverty - tells the remarkable story of how, beginning 250 years ago, some parts of the world experienced sustained progress, opening up gaps and setting the stage for today's disproportionately unequal world.

This book examines one of the most important economic outcomes in American history - the breakdown of the Keynesian Revolution. Drawing on economic literature, the memoirs of economists and politicians, and the popular press, Eric Crouse examines how economic decline in the 1970s precipitated a political revolution. Keynesian thought flourished through the presidencies of Lyndon B. Johnson, Richard Nixon, and Gerald Ford, until stagflation devastated American workers and Jimmy Carter’s economic policies faltered, setting the stage for the 1980 presidential campaign.

P. V. Narasimha Rao (or PV, as he was popularly known) has been widely praised for enabling the economic reforms that transformed the country in 1991. From the vantage point of his long personal and professional association with the former prime minister, best-selling author Sanjaya Baru shows how PV's impact on the nation's fortunes went way beyond the economy.

We all know the book: it's been hailed as one of the most important documents on how the world economy works, or doesn't work, and it's been a colossal bestseller since it first appeared in 2014, with more than 1.5 million copies sold. Thomas Piketty's Capital in the Twenty-First Century makes a powerful case that wealth, and accumulated wealth, tends to stay where it lands: and with the passage of time, just gets bigger…and bigger. But how many of us who bought or borrowed the book - or even, perhaps, reviewed it - have read more than a fraction of its 696 pages?

Stephen Axilrod is the ultimate Federal Reserve insider. He worked at the Fed's Board of Governors for over 30 years and after that in private markets and as a consultant on monetary policy. With Inside the Fed, he offers his unique perspective on the inner workings of the Federal Reserve System during the last 50 years - writing about personalities as much as policy - based on his knowledge and observations of every Fed chairman since 1951.

The history of United States coinage is a story that parallels the rise of America. Starting from a humble beginning in a basement in Philadelphia in the first few years of the country, it grew to a large highly sophisticated system that produces millions of coins per year. Due to a lack of silver, the first silver coins produced by the Mint came from silverware contributed by George and Martha Washington.

These selections from the many writings of Thomas Sowell over a period of half a century cover social, economic, cultural, legal, educational, and political issues. The sources range from Dr. Sowell’s letters, books, newspaper columns, and articles in both scholarly journals and popular magazines. The topics range from latetalking children to tax cuts for the rich, baseball, race, war, the role of judges, medical care, and the rhetoric of politicians.

Governments have always struggled to tax in ways that are effective and tolerably fair. Sometimes they fail grotesquely, as when, in 1898, the British ignited a rebellion in Sierra Leone by imposing a tax on huts - and, in repressing it, ended up burning the very huts they intended to tax. Sometimes they succeed astonishingly, as when, in 18th-century Britain, a cut in the tax on tea massively increased revenue. Two leading authorities on taxation provide a fascinating and informative tour through these and many other episodes in tax history, both preposterous and dramatic....

What accounts for the rise of the state, the creation of the first global system, and the dominance of the West? The conventional answer asserts that superior technology, tactics, and institutions forged by Darwinian military competition gave Europeans a decisive advantage in war from 1500 onward. Empires of the Weak argues that Europeans had no general military superiority in the early modern era. Sharman shows instead that European expansion is better explained by deference to strong Asian and African polities, disease in the Americas, and maritime supremacy earned by default.

“Exceptional . . . Deeply researched and elegantly written . . . As a description of the politics and pressures under which modern independent central banking has to operate, the book is incomparable.” —Financial Times The definitive biography of the most important economic statesman of...

Consider, for example, the case of the Swedish match king. At one time, Ivar Kreuger, manufactured almost half of the world's matches, with monopolies in 16 countries. He had so much money that he was a reliable lender to many countries, becoming known as the 'saviour of Europe' for his willingness to give aid to banks crippled by World War I. At the time of the 1929 market crash, his was the most widely held stock in the world. When he killed himself three years later, the whole thing went up in flames.

The great Austrian writer Stefan Zweig confided in his autobiography: “I have a pretty thorough knowledge of history, but never, to my recollection, has it produced such madness in such gigantic proportions.” He was referring to Germany in 1923, a “year of lunacy,” defined by hyperinflation, violence, a political system on the verge of collapse, the rise of Adolf Hitler and the Nazi Party, and separatist movements threatening to rip apart the German nation. Bestselling author Volker Ullrich presents a riveting chronicle of one of the most difficult years any modern democracy has ever faced.

'A historically insightful read' Financial Times 'A wry, rollicking, and provocative history' Michael Taylor, author of The Interest ‘A thought-provoking analysis of Africa's relationship with economic imperialism’ Astrid Madimba and Chinny Ukata, authors of It’s A Continent We need to...

In 2006, Ben S. Bernanke was appointed chair of the Federal Reserve, capping a meteoric trajectory from a rural South Carolina childhood to professorships at Stanford and Princeton, to public service in Washington's halls of power. There would be no time to celebrate, however - the burst of the housing bubble in 2007 set off a domino effect that would bring the global financial system to the brink of meltdown.

What transformed American business from simple trade into one of the most powerful forces in modern life? In Business, influential journalist and economic thinker Garet Garrett traces the extraordinary development of American commerce from the colonial era to the rise of corporations, mass...

'Essential reading to understand today's challenges' MERVYN KING 'This extraordinary tour de force confirms Goodspeed as one of the most brilliant economic minds of his generation' NIALL FERGUSON 'Revolutionary and stimulating' MARTIN WOLF, FINANCIAL TIMES What causes a recession? Do recessions...

A FINANCIAL TIMES BEST BOOK OF 2025, as chosen by Martin Wolf 'Economica is an epic story . . . an important retelling of global economic history that puts women at the centre . . . Bateman is a great storyteller . . . a rare, long-term perspective on gender equality' - Financial Times 'This...