mconomics and business
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty. By Abhijit Banerjee and Esther Duflo. PublicAffairs; 336 pages; $26.99 and £17.99An engrossing book by two young economists who draw on some intrepid research and a store of personal anecdotes to illuminate the lives of the 865m people who live on less than $0.99 a day. Winner of the 2011 Financial Times/Goldman Sachs business book of the year award.
The Great Stagnation: How America Ate All the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better. By Tyler Cowen. Dutton Adult; 128 pages; $12.95A small book full of big ideas about the historic changes wrought through education and innovation. An American economist offers plenty to think about for readers of every ideological stripe.
Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon. By Gretchen Morgenson and Joshua Rosner. Times Books; 331 pages; $30 and £19.99Gretchen Morgenson, a veteran New York Times reporter, and Joshua Rosner, a consultant, join up the dots between Congress, special-interest groups, government-sponsored enterprises and Wall Street, including many that other books failed to link, and provide the best account yet of how the American mortgage system went off the rails.
Money and Power: How Goldman Sachs Came to Rule the World. By William Cohan. Doubleday; 672 pages; $30.50. Allen Lane; £25A rollercoaster account of how Goldman Sachs does business, and the best analysis yet of its increasingly tangled web of conflicts, by a master-storyteller.
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