The Great Economists

Who really creates wealth in our world? And how do we decide the value of what they do? At the heart of today's financial and economic crisis is a problem hiding in plain sight. In modern capitalism, value extraction is rewarded more highly than value creation: the productive process that drives a healthy economy and society. From companies driven solely to maximise shareholder value to astronomically high prices of medicines justified through big pharma's 'value pricing', we misidentify taking with making, and have lost sight of what value really means.

In September 2008 the Great Financial Crisis, triggered by the collapse of Lehman brothers, shook the world. A decade later its spectre still haunts us. As the appalling scope and scale of the crash was revealed, the financial institutions that had symbolised the West's triumph since the end of the Cold War, seemed - through greed, malice and incompetence - to be about to bring the entire system to its knees.  

Economics is broken. It has failed to predict, let alone prevent, financial crises that have shaken the foundations of our societies. Its outdated theories have permitted a world in which extreme poverty persists while the wealth of the super-rich grows year on year. And its blind spots have led to policies that are degrading the living world on a scale that threatens all of our futures. Can it be fixed?

What is economics? How does the global economy work? What do different economic theories tell us about the world? Ha-Joon Chang explains how the global economy works and why anyone can understand the dismal science. Unlike many economists who claim there is only one way of 'doing economics', he introduces listeners to a wide range of economic theories, from classical to Keynesian, revealing how they all have their strengths, weaknesses and blind spots. 

Penguin presents the audiobook edition of A Political History of the World by Jonathan Holslag, read by Roy McMillan. In 3,000 years of history, China has spent at least 11 centuries at war. The Roman Empire was in conflict during at least 50 percent of its lifetime. Since 1776, the United States has spent over 100 years at war. The dream of peace has been universal in the history of humanity. So why have we so rarely been able to achieve it? 

After four unremarkable decades in politics, Jeremy Corbyn stands on the brink of power. Until his surprise election as leader of the Labour Party in 2015, this seemingly unelectable oddball had not been a major political player. Since then, Corbyn has survived coup attempts and accusations of incompetence that would have felled most politicians, including grave charges of anti-Semitism, bullying and not being the master of his brief. Despite these shortcomings, as the Conservatives rip themselves apart over Europe, he is likely soon to become Britain's prime minister.

Europe is an astonishingly successful place. In this dazzling new history, best-selling author Simon Jenkins grippingly tells the story of its evolution from warring peoples to peace, wealth and freedom - a story that twists and turns from Greece and Rome, through the Dark Ages, the Reformation and the French Revolution, to the Second World War and up to the present day. Jenkins takes in leaders from Julius Caesar and Joan of Arc to Wellington and Angela Merkel as well as cultural figures from Aristotle to Shakespeare and Picasso. 

A revelatory and entertaining book about the pitfalls of how we measure our economy and how to correct them, by an award-winning editor of The Financial Times. According to GDP, the economy is in a golden era: economic growth has risen steadily over the past 70 years and shows no sign of stopping. But if this is the case, why are we living in such fractured times, with global populism on the rise and wealth inequality as stark as ever?

In How the World Thinks, Julian Baggini travels the globe to provide a hugely wide-ranging map of human thought. He shows us how distinct branches of philosophy flowered simultaneously in China, India and Ancient Greece, growing from local myths and stories - and how contemporary cultural attitudes, with particular attention to the West, East Asia, the Muslim World and Africa, have developed out of the philosophical histories of their regions. 

Across the West, there is a rising tide of people who feel excluded, alienated from mainstream politics and increasingly hostile towards minorities, immigrants and neoliberal economics. Many of these voters are turning to national populist movements, which have begun to change the face of Western liberal democracy, from the United States to France, Austria to the UK. This radical turn, we are told, is a last howl of rage from an aging electorate on the verge of extinction. 

Deep new rifts are tearing apart the fabric of Britain and other Western societies: thriving cities versus the provinces, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit and the return of the far right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now.   

A meditation on the importance of atheism in the modern world - and its inadequacies and contradictions - by one of Britain's leading philosophers. 'When you explore older atheisms, you will find some of your firmest convictions - secular or religious - are highly questionable. If this prospect disturbs you, what you are looking for may be freedom from thought.' For a generation now, public debate has been corroded by a narrow derision of religion in the name of an often very vaguely understood 'science'.

When we talk about human history, we focus on great leaders, mass migration and decisive wars. But how has the Earth itself determined our destiny? How has our planet made us? As a species we are shaped by our environment. Geological forces drove our evolution in East Africa; mountainous terrain led to the development of democracy in Greece; and today voting behaviour in the United States follows the bed of an ancient sea. The human story is the story of these forces, from plate tectonics and climate change, to atmospheric circulation and ocean currents.

Random House presents the audiobook edition of Talking to My Daughter About the Economy: A Brief History of Capitalism by Yanis Varoufakis. Why is there so much inequality? In this short book, world-famous economist Yanis Varoufakis sets out to answer his 11-year-old daughter Xenia's deceptively simple question. Using personal stories and famous myths, he explains what the economy is and why it has the power to shape our lives.

Ever wondered why the gap between rich and poor nations is so great, or why it's so difficult getting a foot on the property ladder, or how to outwit Starbucks? This audiobook offers the hidden story behind these and other questions, as economist Tim Harford reveals how supermarkets, airlines, and coffee chains, to name just a few, are vacuuming money from our wallets.