Productivity Machines – German Appropriations of American Technology from Mass Production to Computer Automation
By: Corinna Schlombs – Rochester Institute of Technology
In Productivity Machines, Corinna Schlombs examines the transatlantic history of productivity technology and culture in the two decades before and after World War II. She argues for the interpretive flexibility of productivity: different groups viewed productivity differently at different times. Although it began as an objective measure, productivity came to be emblematic of the American economic system; post-World War II West Germany, however, adapted these ideas to its own political and economic values.
Capital and Ideology
By: Thomas Piketty – Paris School of Economics
Our economy, Piketty observes, is not a natural fact. Markets, profits, and capital are all historical constructs that depend on choices. Piketty explores the material and ideological interactions of conflicting social groups that have given us slavery, serfdom, colonialism, communism, and hypercapitalism, shaping the lives of billions. He concludes that the great driver of human progress over the centuries has been the struggle for equality and education and not, as often argued, the assertion of property rights or the pursuit of stability. The new era of extreme inequality that has derailed that progress since the 1980s, he shows, is partly a reaction against communism, but it is also the fruit of ignorance, intellectual specialization, and our drift toward the dead-end politics of identity.
Sovereign Debt – A Guide for Economists and Practitioners
By: S. Ali Abbas, Alex Pienkowski, and Kenneth Rogoff – IMF, Harvard University
Sovereign Debt brings together some of the world’s leading researchers and specialists in sovereign debt to cover a range of sub-disciplines within this vast topic. It explores debt management with debt sustainability; debt reduction policies with crisis prevention policies; and the history with the conjuncture. It is a foundation text for all those interested in sovereign debt, with a particular focus real world examples and issues.
The Narrow Corridor – States, societies, and the fate of liberty
By: Daron Acemoglu, James A. Robinson – MIT, University of Chicago
There is a Western myth that political liberty is a durable construct, arrived at by a process of “enlightenment.” This static view is a fantasy, the authors argue. In reality, the corridor to liberty is narrow and stays open only via a fundamental and incessant struggle between state and society: The authors look to the American Civil Rights Movement, Europe’s early and recent history, the Zapotec civilization circa 500 BCE, and Lagos’s efforts to uproot corruption and institute government accountability to illustrate what it takes to get and stay in the corridor. But they also examine Chinese imperial history, colonialism in the Pacific, India’s caste system, Saudi Arabia’s suffocating cage of norms, and the “Paper Leviathan” of many Latin American and African nations to show how countries can drift away from it, and explain the feedback loops that make liberty harder to achieve.
The Narrow Corridor takes us on a fascinating journey, across continents and through human history, to discover the critical ingredient of liberty. In these times, there can be no more important search—nor any more important book.
George Akerlof, Nobel laureate in economics, 2001
