|| The New Tycoons: Inside the Trillion Dollar Private Equity Industry that Owns Everything|
Kelly, Bloomberg Press, 2012, 232 pages, £23.99.
Companies owned by private equity (PE)
firms employ 8.1m people in the US out of a workforce of 154m; the
industry manages $2 trillion of assets, mainly on behalf of long-term
investors like pension funds and endowments. And in the debt-fuelled
|| The Price of Inequality|
Stiglitz, 2012, Allen Lane, 448 pages, £25.
There is something rotten in the state
of Denmark, or as Joseph Stiglitz puts it, America. Stiglitz tells us
that 20% of Americans own 85% of America's wealth. This is, as he points
out, not a happy state of affairs.
|| Affluence & Influence|
Gilens, 2012, Russell Sage Foundation / Princeton University Press, 248
Concluding her 1962 classic Economic
Philosophy, Joan Robinson - having, in the preceding pages, said much
that could throw useful light on many of the convulsions currently
afflicting economics - write...|
|| First Principles: Five Keys to Restoring America's Prosperity|
Taylor, 2012, W W Norton & Company, 235 pages, £17.99.
This is a pre-election, pro-Republican
polemic with a glowing recommendation from Congressman Ryan. So you
should not be surprised by the content and its tone. However, you may
well be disappointed, even saddened, by the argument.
|| Lost Causes - the Retreat from Classical Liberalism|
Lal, 2012, Biteback, 288 pages, £14.99.
This set of ten re-published essays,
with introduction, is a bracing challenge to woolly left-inclined
thought. The earliest essay, on universities, dates from 1989; the most
recent, dealing with the financial crisis, was written in 2010. The
|| Good Strategy; Bad Strategy: the Difference and why it Matters|
Rumelt, 2012, Profile Books, 336 pages, £9.99.
How do you steer a complex organisation
to success in a complex world? According to Richard Rumelt the answer is
breathtakingly simple: use good strategy and not bad strategy. While
this may seem a statement of the blindingly obvious, we ignore the
|| How Do We Fix This Mess? The Economic Price of Having It All And The Route to Lasting Prosperity|
Peston and Laurence Knight, 2012, Hodder & Stoughton, 471 pages, £20.
Robert Peston, the BBC's Business
Editor, will be familiar to almost all readers of this journal -
probably to almost everybody in the country - as his distinctive tones
have guided us through the financial crisis. As he explain...|
|| New Ideas on Development After The Financial Crisis|
|Nancy Birdsall and Francis Fukuyama
(eds.), 2011, The Johns Hopkins University Press, Baltimore, 360 pages,
This book is simultaneously too early
and too late. It is based on papers presented in April 2009, which was
too soon after the 2008 financial crisis to have perspective on its
|| What's the Use of Economics? Teaching the Dismal Science After the Crisis|
Diane Coyle, London Publishing Partnership, 2012, 197 + xxii pages,
How much blame do economists deserve for
the financial crisis that broke in 2007-8? Why was it foreseen by so
few? Is the economics we teach at fault? How and where does what we
teach need to be altered? Are ec...|
|| … And the Pursuit of Happiness: Wellbeing and the Role of Government|
|Philip Booth (ed),
Institute of Economic Affairs, 2012, 90 pages, £12.50
I have to declare an interest here. I run a company
called Happy, I've written a book called The Happiness Manifesto and the
main purpose of my business is helping to create happy workplaces. So I
was always going to have doubts about t...|