The Infinite Desire for Growth
Author: Daniel Cohen – École Normale Supérieure
Economic growth–and the hope of better things to come—is the religion of the modern world. Yet its prospects have become bleak, with crashes following booms in an endless cycle. In the United States, eighty percent of the population has seen no increase in purchasing power over the last thirty years and the situation is not much better elsewhere. The Infinite Desire for Growth spotlights the obsession with wanting more, and the global tensions that have arisen as a result. Amid finite resources, increasing populations, environmental degradation, and political unrest, the quest for new social and individual goals has never been so critical.
This erudite and opinionated book keeps readers on tenterhooks: Will humanity emerge intact from the tensions between the endless desire for growth and the economy’s (and earth’s) limits? Cohen’s conclusion is elegant, hopeful, and controversial. An unputdownable masterpiece.
Esther Duflo, MIT
Hayek and the Evolution of Capitalism
Author: Naomi Beck – Council for Higher Education in Israel
Hayek argued that the capitalism we see in advanced civilizations is an unintended consequence of group selection—groups that adopted free market behavior expanded more successfully than others. But this attempt at a scientific grounding for Hayek’s principles, Beck shows, fails to hold water, plagued by incoherencies, misinterpretations of the underlying science, and lack of evidence. As crises around the globe lead to reconsiderations of the place of capitalism, Beck’s excavation of this little-known strand of Hayek’s thought—and its failure—is timely and instructive.
Hayek’s defense of free societies has recently regained much attention. In this magnificent book Naomi Beck presents a rich and illuminating analysis of how Hayek’s ideas were formed. Her critical reconstruction is a must-read for everyone interested in an authentic portrayal of this great twentieth-century thinker.
Ulrich Witt, Max Planck Institute
The Populist Temptation
Author: Barry Eichengreen – Berkeley
There is no one solution to addressing the concerns that populists raise, but Eichengreen argues that there is an obvious place to start: shoring up and improving the welfare state so that it is better able to act as a buffer for those who suffer most during economic slumps. For example, America’s patchwork welfare state was not well equipped to deal with the economic fallout that attended globalization and the decline of manufacturing in America, and that played no small part in Trump’s victory. Lucidly explaining both the appeals and dangers of populism across history, this book is essential reading for anyone seeking to understand not just the populist phenomenon, but more generally the lasting political fallout that follows in the wake of major economic crises.
Why the left loses
Author: Rob Manwaring, Paul Kennedy – Flinders University, University of Bath
Around the world, parties of the left and center-left have been struggling, losing ground to right-wing parties and various forms of reactionary populism. This book brings together a range of leading academics and experts on social democratic politics and policy to offer an international, comparative view of the changing political landscape. Using case studies from the United Kingdom, Germany, Spain, France, Australia and New Zealand contributors argue that despite different local and specific contexts, the mainstream center-left is beset by a range of common challenges. Analysis focuses on institutional and structural factors, the role of key individuals, and the atrophy of progressive ideas as interconnected reasons for the current struggles of the center-left.
