Economic Democracy

How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy - one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom.

The Arsenal of Democracy tells the incredible story of how Detroit answered the call, centering on Henry Ford and his tortured son Edsel, who, when asked if they could deliver 50,000 airplanes, made an outrageous claim: Ford Motor Company would erect a plant that could yield a “bomber an hour”. Critics scoffed: Ford didn’t make planes; they made simple, affordable cars. But bucking his father’s resistance, Edsel charged ahead.

INSTANT #1 NEW YORK TIMES BESTSELLER AN NPR BEST BOOK OF THE YEAR “A cri de coeur that takes aim at the tech industry for abandoning its history of helping America and its allies.”—The Wall Street Journal From the Palantir co-founder, one of Time’s 100 Most Influential People of...

The long-awaited memoir by one of the most important political leaders of our time For 16 years, Angela Merkel bore the governmental responsibility for Germany, leading the country through numerous crises and shaping German and international politics and society with her actions and attitude...

From one of the world’s leading economists, a grand narrative of the century that made us richer than ever, yet left us unsatisfied Before 1870, humanity lived in dire poverty, with a slow crawl of invention offset by a growing population. Then came a great shift: invention sprinted forward...

NEW YORK TIMES BESTSELLER A former Wall Street quant sounds the alarm on Big Data and the mathematical models that threaten to rip apart our social fabric—with a new afterword “A manual for the twenty-first-century citizen . . . relevant and urgent.”—Financial Times ...

A sweeping history of the United States' economy and politics, Shock Values reveals how the American state has been shaped by a massive, ever-evolving effort to insulate its economy from the real and perceived dangers of price fluctuations. Carola Binder narrates how the pains of rising and falling prices have brought lasting changes for every generation of Americans. And with each brush with price instability, the United States has been reinvented—not as a more perfect union, but as a reflection of its most recent failures.

#1 NEW YORK TIMES BESTSELLER The Pulitzer Prize–winning author of Evicted reimagines the debate on poverty, making a “provocative and compelling” (NPR) argument about why it persists in America: because the rest of us benefit from it. A BEST BOOK OF THE YEAR: The New Yorker, The New...

The world is in turmoil. From India to Turkey and from Poland to the United States, authoritarian populists have seized power. As a result democracy itself may now be at risk. Two core components of liberal democracy - individual rights and the popular will - are at war with each other. As the role of money in politics soared and important issues were taken out of public contestation, a system of "rights without democracy" took hold. Populists who rail against this say they want to return power to the people. But in practice they create a system of "democracy without rights."

Oligarchy is a threat to the American republic. When too much economic and political power is concentrated in too few hands, we risk losing the "republican form of government" the Constitution requires. But as Joseph Fishkin and William Forbath show in this retelling of constitutional history, a commitment to prevent oligarchy once stood at the center of a robust tradition in American political and constitutional thought.

How will democracy end? And what will replace it? A preeminent political scientist examines the past, present, and future of an endangered political philosophy Since the end of World War II, democracy's sweep across the globe seemed inexorable. Yet today, it seems radically imperiled, even in...

AN INSTANT NEW YORK TIMES AND USA TODAY BESTSELLER “Understanding how our political system has become broken in favor of reactionary ignorance is vital for saving our democracy. David Pakman accessibly explains how we got here and offers potential solutions for confronting the ongoing...

From the bestselling author of The Sleepwalkers comes an epic history of the 1848 revolutions that swept Europe, and the charismatic figures who propelled them forward, with deep resonance and frightening parallels to today. As history, the uprisings of 1848 have long been overshadowed by the...

Winner of the Lillian Smith Book Award Winner of the Los Angeles Times Book Prize Finalist for the National Book Award The Nation's "Most Valuable Book" “[A] vibrant intellectual history of the radical right.”—The Atlantic “This sixty-year campaign to make libertarianism mainstream and...

The New York Times bestselling, groundbreaking investigation of how the global elite's efforts to "change the world" preserve the status quo and obscure their role in causing the problems they later seek to solve. An essential read for understanding some of the egregious abuses of power that...

From the winners of the 2024 Nobel Prize for Economics and the authors of the international bestseller Why Nations Fail "Why is it so difficult to develop and sustain liberal democracy? The best recent work on this subject comes from a remarkable pair of scholars, Daron Acemoglu and James A...

Drawn from more than two decades of pathbreaking writing, the iconic and bestselling David Graeber's most important essays and interviews. "The ultimate hidden truth of the world is that it is something that we make, and could just as easily make differently," wrote David Graeber. A renowned...

An urgent exploration of a world in constant crisis, where every regional disaster threatens to become a global conflict, with lessons from history that can stop the spiral—from the New York Times bestselling author of The Revenge of Geography “Compelling and helpful . . . Kaplan’s...

The world-renowned philosopher and author of the best-selling Justice explores the central question of our time: What has become of the common good? World-renowned philosopher Michael J. Sandel argues that to overcome the crises that are upending our world, we must rethink the attitudes toward success and failure that have accompanied globalization and rising inequality. Sandel shows the hubris a meritocracy generates among the winners and the harsh judgment it imposes on those left behind, and traces the dire consequences across a wide swath of American life.

NEW YORK TIMES BESTSELLER A progressive takedown of the uber-capitalist status quo that has enriched millionaires and billionaires at the expense of the working class, and a blueprint for what transformational change would actually look like “A clarion call against the American oligarchs...