Here are the list of books proposed by Mr. Wolf. I've added the themes before the name and the authors are in the brackets. On inequality: The Great Reversal On Avoiding Tax: The Triumph of injustice On Trade: Schism - USA/China On post-conflict impact: Extreme Economics (Richard Davis) On Wall street: 99% (Mark Thomas) On law and capitalism: The Code Of Capital (Katharina Pistor) On competing ideas: The Great Leveler On Liberalism: The Narrow Corridor I wasn't able to locate the book mentioned regarding Artificial intelligence. So feel free to comment the name and the author of the book, if you know it! Happy reading guys :)
Those are other Economics books recommended by The FT for the year 2019 Narrative Economics: How Stories Go Viral and Drive Major Economic Events, by Robert J Shiller, Princeton University Press The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay, by Emmanuel Saez and Gabriel Zucman, WW Norton Capitalism, Alone: The Future of the System That Rules the World, by Branko Milanovic, Belknap Press Winners Take All: The Elite Charade of Changing the World, by Anand Giridharadas, Allen Lane A Better Planet: Forty Big Ideas for a Sustainable Future, edited by Daniel Esty, Yale University Press Open: The Progressive Case for Free Trade, Immigration, and Global Capital, by Kimberly Clausing, Harvard University Press, Escape from Rome: The Failure of Empire and the Road to Prosperity, by Walter Scheidel, Princeton University Press Unbound: How Inequality Constricts Our Economy and What We Can Do about It, by Heather Boushey, Harvard University Press
any complaints about capitalism and competition must factor in how regulation distorts markets. Every person I've read who is critical of capitalism favors greater regulation: but its the regulation that is benefiting larger business by raising the cost to enter the market and thus stifling competition. We need stronger transparency and consumer rights legislated by elected officials and a cheaper way to get wrongs adjudicated. We need to eliminate corporations as people: if someone is behind a crime, let them face the charges. Companies can't be imprisoned but board members and CEOs can. We don't need bureaucracy legislating without representation.
That's a very interesting perspective. Thanks for sharing. At the Financial Times we believe that capitalism needs a reset and that business leaders should address the world's biggest challenges head on. We recently featured on our site an opinion piece by two London Business School professors, Alex Edmans and Ioannis Ioannou, who argue that socially-responsible investments pay off. See here: www.ft.com/content/54f96d4e-82ec-11e9-9935-ad75bb96c849. Let us know what you think of it.
@@FinancialTimes Thank you for responding. Am I correct in simplifying the discussion in the link to be about the stakeholder/shareholder distinction: companies need to broaden their view on who/what constitutes stakeholders vs simply valuing stock (share) holders. If so, I would certainly agree, I think that is a move in the right direction. Companies that factor in externalities and who look to address them are certainly needed. Transparency in such matters will only assist society. But I don't think that will solve the issue: government regulation has their own externalities. Too few scrutinize governance and the impact of regulation on economics: too many laws are passed on the basis of 'seeking to help' yet the costs are often grater and born by the ones being 'helped'. Transparency in governance is needed: the more power society places in the hands of the government will only incline corrupting forces to influence the governors to benefit themselves. By decreasing the costs of adjudication, you will open the door to those who bear the weight of those externalities to be heard without being driven to silence by the cost of legal fees.
Martin Why would you be so worried about the wealthy not paying their taxes. Sovereign governments who issue their own currency, have free floating exchange rates, set their own interest rates and no debts in a foreign currency can always spend before they tax. They don’t have to rely on the rich. Of course these governments could always redistribute income by taxing the wealth of the rich or tax negative externalities. Your narrow frame of focus on just looking at the capitalist system as if it is set in stone, and can never be modified or evolve into a new system is shortsighted and dangerous. We can design a new system with real political will that works for the common good generates prosperity , saves the planet and works efficiently. Can we devise a new system that also safeguards and shows respect for human rights and freedoms? of course we can, but not under present day Capitalism. Capitalism as we know it has had its day and a new system is going to be birthed in the next 50 years. If we don’t make the move now to bring that new system into place we can kiss goodbye to human civilisation as we know it and the world will fall into a dreadful dystopia of horrific proportions.
Could you please write in the comments the list of the books proposed by Wolf?
Hello Djego. You can find the full list here: www.ft.com/content/39d5bd82-0bf5-11ea-bb52-34c8d9dc6d84. Thanks!
@@FinancialTimesno
Here are the list of books proposed by Mr. Wolf. I've added the themes before the name and the authors are in the brackets.
On inequality: The Great Reversal
On Avoiding Tax: The Triumph of injustice
On Trade: Schism - USA/China
On post-conflict impact: Extreme Economics (Richard Davis)
On Wall street: 99% (Mark Thomas)
On law and capitalism: The Code Of Capital (Katharina Pistor)
On competing ideas: The Great Leveler
On Liberalism: The Narrow Corridor
I wasn't able to locate the book mentioned regarding Artificial intelligence. So feel free to comment the name and the author of the book, if you know it! Happy reading guys :)
Zain Khan The AI book is The AI Economy by Roger Bootle.
Legend
Those are other Economics books recommended by The FT for the year 2019
Narrative Economics: How Stories Go Viral and Drive Major Economic Events, by Robert J Shiller, Princeton University Press
The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay, by Emmanuel Saez and Gabriel Zucman, WW Norton
Capitalism, Alone: The Future of the System That Rules the World, by Branko Milanovic, Belknap Press
Winners Take All: The Elite Charade of Changing the World, by Anand Giridharadas, Allen Lane
A Better Planet: Forty Big Ideas for a Sustainable Future, edited by Daniel Esty, Yale University Press
Open: The Progressive Case for Free Trade, Immigration, and Global Capital, by Kimberly Clausing, Harvard University Press,
Escape from Rome: The Failure of Empire and the Road to Prosperity, by Walter Scheidel, Princeton University Press
Unbound: How Inequality Constricts Our Economy and What We Can Do about It, by Heather Boushey, Harvard University Press
The first 2 authors are. Philippon and Zucman
Heather bushy
I love this video so much
Good boost
any complaints about capitalism and competition must factor in how regulation distorts markets. Every person I've read who is critical of capitalism favors greater regulation: but its the regulation that is benefiting larger business by raising the cost to enter the market and thus stifling competition. We need stronger transparency and consumer rights legislated by elected officials and a cheaper way to get wrongs adjudicated. We need to eliminate corporations as people: if someone is behind a crime, let them face the charges. Companies can't be imprisoned but board members and CEOs can. We don't need bureaucracy legislating without representation.
That's a very interesting perspective. Thanks for sharing. At the Financial Times we believe that capitalism needs a reset and that business leaders should address the world's biggest challenges head on. We recently featured on our site an opinion piece by two London Business School professors, Alex Edmans and Ioannis Ioannou, who argue that socially-responsible investments pay off. See here: www.ft.com/content/54f96d4e-82ec-11e9-9935-ad75bb96c849. Let us know what you think of it.
@@FinancialTimes Thank you for responding. Am I correct in simplifying the discussion in the link to be about the stakeholder/shareholder distinction: companies need to broaden their view on who/what constitutes stakeholders vs simply valuing stock (share) holders. If so, I would certainly agree, I think that is a move in the right direction. Companies that factor in externalities and who look to address them are certainly needed. Transparency in such matters will only assist society.
But I don't think that will solve the issue: government regulation has their own externalities. Too few scrutinize governance and the impact of regulation on economics: too many laws are passed on the basis of 'seeking to help' yet the costs are often grater and born by the ones being 'helped'. Transparency in governance is needed: the more power society places in the hands of the government will only incline corrupting forces to influence the governors to benefit themselves. By decreasing the costs of adjudication, you will open the door to those who bear the weight of those externalities to be heard without being driven to silence by the cost of legal fees.
I bought your financial time business book business start ups I will be reading it sometime soon
And I thought you were about to say, "I bought your financial time business book business start ups ... and now I'm a billionaire".
@@JA-pn4ji lo that would be very nice I plan on doing just a small venture at the moment
Thanks for letting us know, William. We hope you find it useful.
The Screwing of the Average Man by David Hapgood
Wolf is a cool surname hahahahaha
Martin wolf looks like the kind of person who would interrupt his monologue to say Dont suck your thumb, boy!
He'd kick ya
Nothing by Murray Rothbard? Or Hans-Hermann Hoppe?
Martin Why would you be so worried about the wealthy not paying their taxes. Sovereign governments who issue their own currency, have free floating exchange rates, set their own interest rates and no debts in a foreign currency can always spend before they tax. They don’t have to rely on the rich. Of course these governments could always redistribute income by taxing the wealth of the rich or tax negative externalities.
Your narrow frame of focus on just looking at the capitalist system as if it is set in stone, and can never be modified or evolve into a new system is shortsighted and dangerous. We can design a new system with real political will that works for the common good generates prosperity , saves the planet and works efficiently. Can we devise a new system that also safeguards and shows respect for human rights and freedoms? of course we can, but not under present day Capitalism. Capitalism as we know it has had its day and a new system is going to be birthed in the next 50 years. If we don’t make the move now to bring that new system into place we can kiss goodbye to human civilisation as we know it and the world will fall into a dreadful dystopia of horrific proportions.