This is a clearly written and accessible addition to the growing field of behavioral economics. Instead of primary research, though, this book takes Adam’ Smith’s pure model of economics, examines Keynes’s moderating update, and applies behavioral economics to our times of upheaval. The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, “animal spirits” are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity.

Akerlof and Shiller reassert the necessity of an active government role in economic policy making by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government–simply allowing markets to work won’t do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life–such as confidence and fear, bad faith, corruption, a concern for fairness, and the stories. Read the rest of this entry »

Cunning, instructive, and amoral, this controversial bestseller distills 3,000 years of the history of power into 48 well-explicated laws. Law 1: Never Outshine the Master. Law 3: Conceal Your Intentions. Law 7: Get Others to Do the Work for You, but Always Take the Credit. Law 15: Crush Your Enemy Totally. Law 33: Discover Each Man’s Thumbscrew.
These are the laws of power in their unvarnished essence—the philosophies of Machiavelli (The Prince), Sun-tzu (The Art of War), Carl von Clausewitz, Talleyrand, the great seducer Casanova, con man Yellow Kid Weil, and other legendary thinkers and schemers. They teach prudence, stealth, mastery of one’s emotions, the art of deception, and the total absence of mercy. Like it or not, all have practical applications in real life.

Each law is illustrated with examples of observance or transgression drawn from history and featuring such famous figures as Queen Elizabeth I, Henry Kissinger, Mao, Alfred Hitchcock, P.T. Barnum, Haile Selassie, Catherine the Great, and Socrates. Read the rest of this entry »

Conservative talk radio’s fastest-growing superstar is also a New York Times bestselling phenomenon: the author of the groundbreaking critique of the Supreme Court, Men in Black, and the deeply personal dog lover’s memoir Rescuing Sprite, Mark R. Levin now delivers the book that characterizes both his devotion to his more than 5 million listeners and his love of our country and the legacy of our Founding Fathers: Liberty and Tyranny is Mark R. Levin’s clarion call to conservative America, a new manifesto for the conservative movement for the 21st century.

In the face of the modern liberal assault on Constitution-based values, an attack that has steadily snowballed since President Roosevelt’s New Deal of the 1930s and resulted in a federal government that is a massive, unaccountable conglomerate, the time for re-enforcing the intellectual and practical case for conservatism is now. Read the rest of this entry »