Economic Philosophy

Financial economist George G. Szpiro here tells the fascinating stories of the pioneers of mathematical finance who conducted the search for the elusive options pricing formula. From the broker's assistant who published the first mathematical explanation of financial markets to Albert Einstein and other scientists, Pricing the Future retraces the historical and intellectual developments that ultimately led to the widespread use of mathematical models to drive investment strategies on Wall Street.

Exposes how companies like Visa, Chase, PayPal, Bank of America, and Mastercard use their power to silence dissenting voices and hurt democracy through the practice of financial censorship Civil liberties activist Rainey Reitman introduces readers to the concept of “financial censorship”—a...

The stock market crash of 1929 didn’t cause the Great Depression by itself, but it is a powerful symbolic starting point to the greatest economic disaster of the 20th century. On that dark day in October 1929, fortunes were lost, and fear of financial insecurity rose throughout the United States and the world. In 1932, the low point of the Depression, as much as a third of Americans were out of work, and even more people were unemployed in other countries. The stock market reached its lowest point ever and wouldn’t rise to its pre-Depression levels for almost 20 years.

As one of the most prestigious high schools in the nation, St. Paul's School in Concord, New Hampshire, has long been the exclusive domain of America's wealthiest sons. But times have changed. Today, a new elite of boys and girls is being molded at St. Paul's, one that reflects the hope of openness but also the persistence of inequality. In Privilege, Shamus Khan returns to his alma mater to provide an inside look at an institution that has been the private realm of the elite for the past 150 years.

The tragedy of our Indian policies demands reexamination immediately - not only because they make the lives of millions of American citizens harder and more dangerous - but also because they represent a microcosm of everything that has gone wrong with modern liberalism. They are the result of decades of politicians and bureaucrats showering a victimized people with money and cultural sensitivity instead of what they truly need-the education, the legal protections, and the autonomy to improve their own situation.

A direct counterpoint to fear mongering headlines about shariah law—a Muslim American legal expert tells the real story, eliminating stereotypes and assumptions with compassion, irony, and humor Through scare tactics and deliberate misinformation campaigns, anti-Muslim propagandists insist...

From longtime New York Times columnist Bob Herbert comes a wrenching portrayal of ordinary Americans struggling for survival in a nation that has lost its way In his eighteen years as an opinion columnist for The New York Times, Herbert championed the working poor and the middle class. After...

A bold, thought-provoking pathway to the national solidarity that could, finally, address the ills of racism in America “Racism is an existential threat to America,” Theodore R. Johnson declares at the start of his profound and exhilarating book. It is a refutation of the American Promise...

India's is a tale of private success and public failure. Prosperity is, indeed, spreading across the country even as governance failure pervades public life. But how could a nation become one of the world's fastest-growing economies when it's governed by a weak, ineffective state? And wouldn't...

Upward mobility through the path of higher education has been an article of faith for generations of working-class, low-income, and immigrant college students. While we know this path usually entails financial sacrifices and hard work, very little attention has been paid to the deep personal compromises such students have to make as they enter worlds vastly different from their own.

The 2014 Lok Sabha elections saw the involvement of India's youth like never before. They were debating inside classrooms, sitting for dharnas on the street, having conversations in offices and on social media. The election in 2014 saw 150 million young voters---and the highest number of...

Reputation touches almost everything, guiding our behavior and choices in countless ways. But it is also shrouded in mystery. Why is it so powerful when the criteria by which people and things are defined as good or bad often appear to be arbitrary? Why do we care so much about how others see us that we may even do irrational and harmful things to try to influence their opinion? In this engaging book, Gloria Origgi draws on philosophy, social psychology, sociology, economics, and more to offer an illuminating account of an important yet oddly neglected subject.

The greatest challenges facing humankind, according to Deirdre Nansen McCloskey, are poverty and tyranny, both of which hold people back. Arguing for a return to true liberal values, this engaging and accessible book develops, defends, and demonstrates how embracing the ideas first espoused by 18th-century philosophers like Locke, Smith, Voltaire, and Wollstonecraft is good for everyone. In McCloskey's view, liberalism leads to equality, but equality does not necessarily lead to liberalism - and the fixation of the left on inequality is counterproductive.

Dinosaur Derivatives and Other Trades is an entertaining and compelling tour de force highlighting the paradoxes inherent to the modern financial system. Presented as a series of striking case studies, this book explores certain enigmatic or philosophical puzzles in the finance industry; some of these puzzles may seem slightly absurd at first glance, but all are very relevant to the way finance is conducted in the real world.

Entre los intelectuales de izquierda, Noam Chomsky se distingue por su especial relación con el activismo, y por ser él mismo un activista político de larguísimo recorrido, además de un crítico implacable y clarividente. En este libro, que puede leerse como el legado de Chomsky a los...

Reservation or affirmative action is a hugely controversial policy in India. While constitutionally mandated and with historians, political scientists and social activists convinced of its need, many resist it and consider it as compromising 'merit' and against the principle of equality of...

The gripping account of the U.S. men’s national soccer team’s winding saga from obscurity to the global stage as they stand on the brink of a seminal World Cup in 2026. For almost half a century, the U.S. men’s national team existed on the fringes of world soccer—out of sight, out of...

We in the West appear to be at a year zero, with the seeming end of the relative peace and prosperity we took for granted. The pandemic, Putin's invasion of Ukraine, growing tension with China, a rolling back of globalisation, Brexit, the return of inflation and painful interest rates - all these have shattered the illusions of the world as we knew it. For years our politicians have said they were going for growth and would ensure that those with least would benefit disproportionately from the proceeds of that growth. They've failed.

You may be a hacker and not even know it. Being a hacker has nothing to do with cyberterrorism, and it doesn’t even necessarily relate to the open-source movement. Being a hacker has more to do with your underlying assumptions about stress, time management, work, and play. It’s about...

In this stunning new story of political economy, author Eric Robert Morse examines why the modern system has become so unwieldy and explains what must be done to correct it. His astute analysis and fascinating storytelling take readers on an epic journey, from the dawn of free-market capitalism during the age of exploration, through the industrial revolution and Adam Smith, to the rise of Keynesianism and the dominance of the welfare state....