The Sunday Times Number One Bestseller.Over 8 million copies sold around the world.The original book from Morgan Housel, the New York Times bestselling author of Same As Ever.As featured on the Dr Chatterjee podcast Feel Better, Live More and the Diary of a CEO podcast with Steven Bartlett.Doing well with money isn't necessarily about what you know. It's about how you behave. And behavior is hard to teach, even to really smart people.Money – investing, personal finance, and business decisions – is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don't make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life's most important topics. Read more

THE NO.2 SUNDAY TIMES BESTSELLERWhy do some prime ministers manage to get things done, while others miserably fail? What is a 'special adviser' and how did they take over British political life? And why is the House of Lords more functional than most people think?Most of us have a sense that our political system doesn't seem to work, but struggle to articulate exactly why. And for good reason: our political and financial institutions are cloaked in secrecy, archaic terminology, ancient custom and impenetrable jargon. Now, expert political journalist Ian Dunt is lifting the lid on British politics to expose every aspect of the setup in a way that can be understood and challenged. From Downing Street to Whitehall, the Commons to the Lords, this book is an indispensable guide to our political system - and how we might begin to fix it. Read more

The New York Times and Sunday Times Bestseller. As featured on the Dr Chatterjee podcast Feel Better, Live More and the Diary of a CEO podcast with Steven Bartlett. From the author of the multi-million copy selling The Psychology of Money…Same As Ever will arm you with a powerful new ability to think about risk and opportunity, and navigate the uncertainty of the future. When planning for the future, we often ask something like, “What will the economy be doing this time next year?” Or we want to know, “What will be different ten years from now?”But forecasting is hard. The important events that will shape the future are inherently unpredictable.Instead, we should be asking a different question: What will be the same in the future as it is now?Knowledge of the things that never change is more useful, and more important, than an uncertain prediction of an unknowable future.In Same As Ever, bestselling author Morgan Housel shares 24 short stories about the ways that life, behaviour, and business will always be the same.As you see familiar themes repeat again and again in the years ahead, you’ll find yourself nodding and saying, “Yep, same as ever.”With this new knowledge and confidence, you will be on the path to living a good life. Read more

A comprehensive and authoritative exploration of Bitcoin and its place in monetary historyWhen a pseudonymous programmer introduced "a new electronic cash system that’s fully peer-to-peer, with no trusted third party" to a small online mailing list in 2008, very few people paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications.While Bitcoin is an invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Author Saifedean Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse.With this background in place, the book moves on to explain the operation of Bitcoin in a functional and intuitive way. Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, thus allowing its users to utilize the Internet to perform the traditional functions of money without having to rely on, or trust, any authorities or infrastructure in the physical world. Bitcoin is thus best understood as the first successfully implemented form of digital cash and digital hard money. With an automated and perfectly predictable monetary policy, and the ability to perform final settlement of large sums across the world in a matter of minutes, Bitcoin's real competitive edge might just be as a store of value and network for the final settlement of large payments a digital form of gold with a built-in settlement infrastructure.Ammous' firm grasp of the technological possibilities as well as the historical realities of monetary evolution provides for a fascinating exploration of the ramifications of voluntary free market money. As it challenges the most sacred of government monopolies, Bitcoin shifts the pendulum of sovereignty away from governments in favor of individuals, offering us the tantalizing possibility of a world where money is fully extricated from politics and unrestrained by borders.The final chapter of the book explores some of the most common questions surrounding Bitcoin: Is Bitcoin mining a waste of energy? Is Bitcoin for criminals? Who controls Bitcoin, and can they change it if they please? How can Bitcoin be killed? And what to make of all the thousands of Bitcoin knockoffs, and the many supposed applications of Bitcoin's 'block chain technology'? The Bitcoin Standard is the essential resource for a clear understanding of the rise of the Internet's decentralized, apolitical, free-market alternative to national central banks. Read more

Discover the bestselling book that reveals how mainstream economics has led us astray - and what we can do to fix it, now with a new afterword.*The Sunday Times Bestseller**A Financial Times and Forbes Book of the Year**Longlisted for the FT/McKinsey Business Book of the Year Award*Relentless financial crises. Extreme inequalities in wealth. Remorseless pressure on the environment. Anyone can see that our economic system is broken.But can it be fixed?Oxford academic Kate Raworth has identified seven critical ways in which mainstream economics has led us astray - from selling us the myth of 'rational economic man' to obsessing over growth at all costs - and offers an alternative roadmap for bringing humanity into a sweet spot that meets the needs of all, within the means of the planet.Ambitious, radical and provocative, Doughnut Economics offers a new cutting-edge economic model fit for the challenges of the 21st century.Praise for Doughnut Economics:'Raworth's magnum opus . . . Fascinating.' Books of the Year, Forbes'At last – an economic model that won't destroy the planet . . . the John Maynard Keynes of the 21st century.' Guardian'This is sharp, significant scholarship . . . Thrilling.' Times Higher Education'A book you will need to know about . . . If only 10% of the ideas get implemented, the world will be a much better place.' Dr Duncan Green, Professor in Practice in International Development at LSE'[Raworth's] biggest question . . . is one that terrifies all mainstream economists: is 'growth' endless?' Andrew Marr, Spectator'A compelling and timely intervention.' The Ecologist Read more

Our updated approach to revision will help you learn, practise and apply your skills and understanding. Coverage of key content is combined with practical study tips and effective revision strategies to create a guide you can rely on to build both knowledge and confidence. My Revision Notes: Edexcel A level Economics: Third Edition will help you:- Plan and manage your revision with our topic-by-topic planner and exam breakdown introduction- Develop your subject knowledge by making links between topics for more in-depth exam answers- Improve subject-specific skills with an exam skills checkbox at the end of each chapter- Avoid common mistakes and enhance your exam answers with examiner tips- Practise and apply your skills and knowledge with exam-style questions and frequent questions with answer guidance online- Understand key terms you will need for the exam with user-friendly definitions and a glossary- Build quick recall with bullet-pointed summaries at the end of each chapter Read more

‘You need this book.' Steven Bartlett, author of The Diary of a CEOThe world is changing. It's time for a new financial playbook.In this must-have guide to optimizing your life for wealth, success and happiness, you'll learn:• how to find and follow your talent• what small steps you can take now that pay big returns later• how to develop better financial habitsBursting with practical, game-changing advice from one of the world's most popular business school professors, The Algebra of Wealth is the practical guidebook you need to win today's wealth game.Today's workers have more opportunities and mobility than any previous generation. They also face unprecedented challenges, including inflation, labour and housing shortages, and climate volatility.Even the notion of 'retirement' is undergoing a profound rethink, as our lifespans extend and our relationship with work evolves. In this environment, the tried-and-true financial advice our parents followed no longer applies.In The Algebra of Wealth, Galloway lays bare the rules of financial success in today's economy. In characteristic unvarnished, no-BS style, he explains you what you need to know in order to improve your chances of achieving economic security no matter what. Read more

The first book of the next crisis. A history of interest rates by a leading financial commentator, updated with a new postscript.*Winner of the 2023 Hayek Book Prize**Longlisted for the 2022 Financial Times Business Book of the Year Award*All economic and financial activities take place across time. Interest coordinates these activities. The story of capitalism is thus the story of interest: the price that individuals, companies and nations pay to borrow money.In The Price of Time, Edward Chancellor traces the history of interest from its origins in ancient Mesopotamia, through debates about usury in Restoration Britain and John Law ' s ill-fated Mississippi scheme, to the global credit booms of the twenty-first century. We generally assume that high interest rates are harmful, but Chancellor argues that, whenever money is too easy, financial markets become unstable. He takes the story to the present day, when interest rates have sunk lower than at any time in the five millennia since they were first recorded - including the extraordinary appearance of negative rates in Europe and Japan - and highlights how this has contributed to profound economic insecurity and financial fragility.Chancellor reveals how extremely low interest rates not only create asset price inflation but are also largely responsible for weak economic growth, rising inequality, zombie companies, elevated debt levels and the pensions crises that have afflicted the West in recent years - conditions under which economies cannot possibly thrive. At the same time, easy money in China has inflated an epic real estate bubble, accompanied by the greatest credit and investment boom in history. As the global financial system edges closer to yet another crisis, Chancellor shows that only by understanding interest can we hope to face the challenges ahead. Read more

*A Foyles Top 10 Read for March and one of Glamour's Best Books of March*Longlisted for the inaugural Women's Prize for Non-Fiction'A galvanising takedown of neoliberalism's "free market" logic, one rooted in as much history as it is in current events' NAOMI KLEIN'A must-read for anyone keen to put the demos back in democracy' YANIS VAROUFAKISEverything you know about capitalism is wrong.Free markets aren't really free. Record corporate pro­fits don't trickle down to everyone else. And we aren't empowered to make our own choices - they're made for us every day.In Vulture Capitalism, acclaimed journalist Grace Blakeley takes on the world's most powerful corporations by showing how the causes of our modern crisis are the intended result of our capitalist system. It's not broken, it's working exactly as planned. From JPMorgan to Boeing, Henry Ford to Richard Nixon, Blakeley shows us exactly where late-stage capitalism has gone wrong.Searing, explosive and timely, Vulture Capitalism is the book you need to understand what is happening in the world around you - and what you can do to change it.'Read this book if you want to make fundamental changes to the world' HA-JOON CHANG'If you've ever wondered why you (and everyone you know) feel so out of control of the world around you, this book will give you the answer' ASH SARKAR Read more

From the bestselling author of The Black Swan, a bold book that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibilityWhy should we never listen to people who explain rather than do? Why do companies go bust? How is it that we have more slaves today than in Roman times? Why does imposing democracy on other countries never work? The answer: too many people running the world don't have skin in the game. In his inimitable, pugnacious style, Nassim Nicholas Taleb shows that skin in the game applies to all aspects of our lives. It's about having something to lose and taking a risk. Citizens, lab experimenters, artisans, political activists and hedge fund traders all have skin in the game. Policy wonks, corporate executives, theoreticians, bankers and most journalists don't.As Taleb says, "The symmetry of skin in the game is a simple rule that's necessary for fairness and justice, and the ultimate BS-buster," and "Never trust anyone who doesn't have skin in the game. Without it, fools and crooks will benefit, and their mistakes will never come back to haunt them". Read more

This is a forensic examination - by the man best placed to do so - of what it costs to run the United Kingdom's economy. To follow the money. To provide an explanation, of where that money comes from and where it goes to, how that has changed and how it needs to change. We are heading off, in fact, on a journey to not just follow the money, but to track it and pin it down, to find out how much of our money government takes and spends to keep the country we recognise as the UK running.Government decisions determine the welfare of the poor and the elderly, the state of the health service, the effectiveness of our children's education, and our preparedness for the future: whether that is a pandemic or global warming. As a society, we are a reflection of what the government spends.Nearly four pounds out every ten we earn goes, one way or another, to the taxman? What are the combined effects of these decisions to take hundreds of billions from us every year and then dish it out again? Johnson looks at what happened following the financial crisis of 2008-09 and the austerity years that followed. And then at how in 2020 the government reacted to the coronavirus with by far the biggest spending splurge in peacetime history. And he peers into our economic futures as we try to reach a new 'normal' after Covid-19. Read more

WINNER OF THE 2019 MADAME DE STAËL PRIZE AND THE 2018 LEONTIEF PRIZE FOR ADVANCING THE FRONTIERS OF ECONOMIC THOUGHT SHORTLISTED FOR THE FT & MCKINSEY BUSINESS BOOK OF THE YEAR 2018Who really creates wealth in our world? And how do we decide the value of what they do? At the heart of today's financial and economic crisis is a problem hiding in plain sight.In modern capitalism, value-extraction is rewarded more highly than value-creation: the productive process that drives a healthy economy and society. From companies driven solely to maximize shareholder value to astronomically high prices of medicines justified through big pharma's 'value pricing', we misidentify taking with making, and have lost sight of what value really means. Once a central plank of economic thought, this concept of value - what it is, why it matters to us - is simply no longer discussed. Yet, argues Mariana Mazzucato in this penetrating and passionate new book, if we are to reform capitalism - radically to transform an increasingly sick system rather than continue feeding it - we urgently need to rethink where wealth comes from. Which activities create it, which extract it, which destroy it? Answers to these questions are key if we want to replace the current parasitic system with a type of capitalism that is more sustainable, more symbiotic - that works for us all. The Value of Everything reigniteS a long-needed debate about the kind of world we really want to live in. Read more

A Comprehensive Overview of the Past, Present, and Future of MoneyBroken Money explores the history of money through the lens of technology. Politics can affect things temporarily and locally, but technology is what drives things forward globally and permanently. The book's goal is for the reader to walk away with a deep understanding of money and monetary history, both in terms of theoretical foundations and in terms of practical implications.From shells to gold, from papyrus bills of exchange to central banks, and from the invention of the telegraph to the creation of Bitcoin, Lyn Alden walks the reader through the emergence of new technologies that have shaped what we use as money over the ages. And beyond that, Alden explores the concept of what money is at its very foundation to give the reader a framework to analyze and compare different types of monetary technologies and monetary theories.The book also takes a distinctively human look at how money impacts the lives of real people, and how new monetary technologies shape the power structures within society.In the modern era, energy abundance and technological enhancements have broadly improved human well-being, but the global monetary system has been slow to keep up. There are over 160 active currencies in the world, each with a local monopoly over its own country, and with little or no acceptance elsewhere. Many of them are rapidly diluted, which continually devalues the savings and the wages of the billions of people who live and work within those jurisdictions. Being born in the "wrong" country makes saving money far harder than it needs to be.Nigeria has a population of over 200 million people and has averaged 13% annualized inflation over the past decade. Egypt cut its currency in half relative to the dollar twice over the past decade, which instantly devalued the savings and wages of its 100 million citizens. Dozens of countries have experienced at least triple-digit year-over-year inflation within the past four decades, including Brazil that outright hyperinflated in the 1990s while it was the fifth most populous country in the world.Europe and Japan had $18 trillion worth of negative-yielding bonds in 2019, right before a wave of inflation wiped their purchasing power away. In 2021, the chairman of the U.S. Federal Reserve dismissed the idea that the sharp rise in the money supply from the pandemic stimulus would lead to price inflation. By 2022, as major inflation emerged, the chairman rapidly changed his outlook and tightened monetary policy so quickly that it led to the failure of some of the largest banks in the country.How did we get to this point? Why isn't our money better than this in the 21st century? Broken Money answers these questions by examining the current mix of technology that has led to these limitations, and then explores emerging technologies that may be able to provide us with a monetary system that is fit for the modern era. Read more

Bookshub. co.inThe most famous of all teachers of success spent a fortune and the better part of a lifetime of effort to produce the Law of Success philosophy that forms the basis of his books and that is so powerfully summarized and explained for the general public in this book.In Think and Grow Rich, Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles. This book will teach you the secrets that could bring you a fortune. It will show you not only what to do but how to do it. Once you learn and apply the simple, basic techniques revealed here, you will have mastered the secret of true and lasting success.Money and material things are essential for freedom of body and mind, but there are some who will feel that the greatest of all riches can be evaluated only in terms of lasting friendships, loving family relationships, understanding between business associates, and introspective harmony which brings one true peace of mind! All who read, understand, and apply this philosophy will be better prepared to attract and enjoy these spiritual values.BE PREPARED! When you expose yourself to the influence of this philosophy, you may experience a CHANGED LIFE which can help you negotiate your way through life with harmony and understanding and prepare you for the accumulation of abundant material riches. Read more

'If you feel you should understand how economists think but have no idea where to start, this book is the answer' Financial TimesWhy are all my clothes made in Asia?How do I get a pay-rise?And what even is money?Join Britain's most venerable financial institution for a rip-roaring crash-course on economics. From financial crises to Freddo prices, it will help you make sense of your job, your life and maybe your world._'A well-written treat . . . Using examples including the Bank of England canteen, The Simpsons and Beanie Babies, the authors encourage us all to understand, and even challenge, what economists do' Professor David Spiegelhalter, author of The Art of Statistics'A well-timed attempt to show the public what goes on inside the Bank of England - and familiarise them with some basic economic concepts . . . Punctuated with jaunty anecdotes and neat examples' Guardian'An entertaining and essential read at a time when understanding how our money, governments and banks interact has never felt more important' Laura Whateley, author of Money: A User's Guide Read more

Why do some prime ministers manage to get things done, while others miserably fail? What is a 'special adviser' and how did they take over British political life? And why is the House of Lords more functional than most people think?Most of us have a sense that our political system doesn't seem to work, but struggle to articulate exactly why. And for good reason: our political and financial institutions are cloaked in secrecy, archaic terminology, ancient custom and impenetrable jargon. Now, expert political journalist Ian Dunt is lifting the lid on British politics to expose every aspect of the setup in a way that can be understood and challenged. From Downing Street to Whitehall, the Commons to the Lords, this book is an indispensable guide to our political system - and how we might begin to fix it. Read more

It has become a commonplace to blame central banks for recurrent bubbles and financial crises, recessions, massive wealth inequality and widespread disenchantment with capitalism, and latterly for inflation. But this important new book argues that the enormous intellectual error of which central banks have been guilty sprang from the generation-long arrogance of the mainstream academic macroeconomics profession, which ignored interwar lessons and the crucial importance of intertemporal disequilibrium. The book shows why and how the intellectual error, most evident in the deliberations and actions of the US Federal Reserve from the mid-1990s onwards, set in train the global consequences which now threaten the continued existence of a capitalist society. In particular, it explains how central banks have needed the financial-sector misbehaviour they so piously castigate. While a key early figure in this Greek Tragedy was an ardent advocate of capitalism – Alan Greenspan, the revered former Federal Reserve Chairman – culpable hubris has underlain the whole structure of modern macroeconomic theory. Nemesis, the book shows, has followed ineluctably. Read more

Learn everything you ever wanted to know about economics in this no-nonsense beginner's guideIn a world where everything seems to get more expensive by the day - but most of us don't seem to get any richer - it's easy to feel confused about the economy. If you think it's time you learnt how inflation works, what causes recessions and why the stock market is so unpredictable, then look no further. The Little Book of Economics will bring you up to speed on the basics of micro- and macroeconomics and demystify the world of taxes, trade, investments and finance, in simple English and with easy-to-follow examples. By the end of this crash course, you will have a grasp on all the essential terms, concepts and theories you need to know to understand modern-day capitalism and markets. And you'll also have the answers to questions like:- Can inflation be a good thing? - How does supply and demand work? - Is immigration good for the economy? - How do we prevent another global financial crisis? - What is GDP, and what are the alternatives? and - Why can't we just print more money? Read more

A distinguished Chinese economist reveals the inner workings of China’s economy, government and society―and how it sees the worldRecent rising tensions between China and the West largely stem from a basic misunderstanding of China’s approach to governance, argues Dr David Daokui Li, who has served as an advisor to senior Chinese Communist Party leaders as well as major multinational corporations and international economic institutions. In this urgently needed and fascinating book, Li uses personal stories and firsthand accounts to help Western readers gain a better understanding of the Chinese perspective. Li shows how China’s approach to internal governance―often confusing to outsiders―is built on a historical and sociocultural bedrock thousands of years in the making. In demystifying contemporary Chinese society, Li helps readers reconceptualise contemporary China and the implications of its growth. He asserts that China’s rise will be beneficial for the global order, holding out the hope that with shared understanding and mutual learning the Chinese and western systems will eventually find a way to peacefully co-exist. Read more

**A TIMES AND NEW YORK TIMES BOOK OF THE YEAR 2022**An explosive exposé of a firm whose work has made your world more unequal, more corrupt and more dangerous.McKinsey & Company have earned billions consulting for almost every major corporation in the world - and countless governments, including yours. Shielded by NDAs, their practices have remained hidden - until now.In this propulsive investigation, prize-winning journalists Walt Bogdanich and Michael Forsythe reveal the disturbing reality. McKinsey's work includes ruthless cuts to the NHS, troubleshooting for Big Oil, incentivising the prescription of opioids, executing Trump's immigration policies (the ones that put children in cages) as well as advising some of the world's most unsavoury despots.'A story of secrecy, delusion and untold harm' OBSERVER'Makes you so angry...the evidence the authors winkle out is astonishing' SUNDAY TIMES 'Panoramic, meticulously reported and ultimately devastating' PATRICK RADDEN KEEFE'A harrowing account of decades of dishonourable exploits' ECONOMIST Read more