A Macat Analysis of Charles P. Kindleberger's Manias, Panics, and Crashes: A History of Financial Crises

Austrian-born economist Friedrich Hayek's 1944 work, The Road to Serfdom, analyzes the ways in which excessive government planning can erode democracy. Published while World War II still raged, the work draws influential parallels between the totalitarianism of both socialism and Nazism and increasing control exerted by Western democracies.

David Graeber's 2011 book, Debt: The First 5,000 Years, seeks to overturn hundreds of years of economic theory, specifically the idea that people have a natural inclination to trade with each other and that the concept of money developed spontaneously to overcome the inefficiencies of a bartering system. The US-born social activist uses his training as an anthropologist to trace the histories of money and of debt and reaches the conclusion that money was in fact created by the state as a means of exploiting the poor.

First published in 1936, Keynes’ ideas had evolved during the difficulties following World War 1 in Europe, and the US crash and the Depression of the 1920s-'30s and the misery of mass unemployment. He deplored the situation where a few individuals or companies stored massive wealth while vast numbers experienced poverty and insecurity (his alarm bells ring today!) and sought to promote initiatives where governments could intervene with social projects to keep money fluctuating.  

Why can some birds sleep with only half of their brain? What really happens during REM sleep? Why do our sleep patterns change across a lifetime? Sleep is one of the most important but least understood aspects of our life, health and longevity. Until very recently, science had no answer to the question of why we sleep or what good it serves or why we suffer such devastating health consequences when it is absent. In this book, neuroscientist and sleep expert Matthew Walker charts 20 years of cutting-edge research.

Ray Dalio, one of the world's most successful investors and entrepreneurs, shares the unconventional principles that he's developed, refined, and used over the past 40 years to create unique results in both life and business - and which any person or organization can adopt to help achieve their goals.

The first nine months of Donald Trump's term were stormy, outrageous - and absolutely mesmerising. Now, thanks to his deep access to the West Wing, best-selling author Michael Wolff tells the riveting story of how Trump launched a tenure as volatile and fiery as the man himself. In this explosive audiobook, Wolff provides a wealth of new details about the chaos in the Oval Office.

Some people think nationhood is as old as civilization itself. But for anthropologist, historian, and political scientist Benedict Anderson, nation and nationalism are products of the communication technology of the era known as the modern age, which began in 1500. After the invention of the printing press around 1440, common local languages gradually replaced Latin as the language of print. Ordinary people could now share ideas of their own.

Albert Hourani's 1991 work, A History of the Arab Peoples, is unsurpassed as an overview of Arab history, from the rise of Islam to the late 20th century. Going far beyond the political history that had generally characterized previous examinations, Hourani integrates a wide range of scholarship to provide a deep analysis of social, cultural, and economic structures. His interest in the everyday lives of Arab people and his desire to understand what united - rather than divided - many different nationalities gives listeners a new and vital perspective on the region.

Linguistic structuralism studies the meaning of language based not just on definitions, but also on the relationships of words and sounds to each other. Lévi-Strauss's insight was to see that this concept of structuralism in linguistics could be applied to anthropology as well. He saw that while some cultures are very different from others, they all seem to have certain internal structural relationships in common. By tracing these structures across cultures, he tried to answer nothing less than the eternal question: "What is man?"

London-born, Cambridge-trained historian Tony Judt explains how postwar European history reflects the drawn-out consequences of World War II - beginning with Nazi Germany's surrender in 1945 and ending with the collapse of the Soviet Union (1989-91). No historian before had written in such detail about recent European history, using those two events as bookends. Nor had anyone gone to such lengths to argue that Eastern and Western Europe - large nations and small - had a key characteristic in common.

In this bold and potentially urgent volume, Robert J. Shiller, a respected expert on market volatility, offers an unconventional interpretation of recent U.S. stock market highs and warns that poorer performance may be in the offing. He tells us how we - as a society and individually - can respond.

Friedman did not just demonstrate that monetary policy plays a vital role in broader economic stability. He also argued that economists got their monetary policy wrong in the 1950s and 1960s by misunderstanding the relationship between inflation and unemployment. In Friedman's view, previous generations of economists had no justification for believing that governments could permanently decrease unemployment by allowing inflation - and vice versa.

In his best-selling 2013 book, Capital in the Twenty-First Century, Piketty takes issue with the idea that, despite the odd bump along the way (not least the 2007-08 global financial crisis), inequality tends to decline as capitalism matures. Piketty spent 15 years building an unparalleled database on wealth and income in France, the United States, and a number of other countries. He uses this data to argue that the opposite is true. Capitalism's natural tendency is, he says, to move toward ever-greater inequality.

While previous scholars of international history had focused on "great men" and their achievements, Paul Kennedy focused on the interdependent relationship between military might and economic growth. In his 1987 work, The Rise and Fall of the Great Powers, he shows why countries that balance the economic and the military can become "great powers." Those that fail to do so, however, risk imperial overstretch and failure.

Published in 1996, Arjun Appadurai's Modernity at Large is an edited collection of earlier essays that had already made the Indian-born anthropologist an influential figure in his field of cultural anthropology. Appadurai here presents a theory of globalization, and suggests ways that other researchers can follow up on his ideas. Many of them continue to do so. For anthropologists, the book offered new ways of thinking about how communities are affected by globalization.