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Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: enormous amounts of money flowed into oil-rich states, and efficient markets then placed that new money in cash-poor Third World economies. David Spiro has followed the money trail, and the story he tells contradicts the accepted beliefs. Most of the sudden flush of new oil wealth didn't go to poor oil-importing countries around the globe. Instead, the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policymakers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumption of its citizenry.
A wise and humorous memoir about a young economist trying to apply the rules of the market to his own floundering love life. A wise and humorous memoir about a young economist trying to apply the rules of the market to his own floundering dating life. "I know that this sounds like a bit of a clich , but really, it's not you..." The woman who said this to William Nicolson was funny, talented and unbearably beautiful. His mother said he ought to marry that girl. And he lost her in a personal best time of six weeks. It was when he found himself being dumped like this yet again that he decided something had to be done. William is an economist, which means he's good at reducing an infinitely comp...
What is money, and how does it work? The conventional answer is that people once used sugar in the West Indies, tobacco in Virginia, and dried cod in Newfoundland, and that today’s financial universe evolved from barter. Unfortunately, there is a problem with this story. It’s wrong. And not just wrong, but dangerous. Money: the Unauthorised Biography unfolds a panoramic secret history and explains the truth about money: what it is, where it comes from, and how it works. Drawing on stories from throughout human history and around the globe, Money will radically rearrange your understanding of the world and shows how money can once again become the most powerful force for freedom we have ever known.
Half fable, half manifesto, this brilliant new take on the ancient concept of cash lays bare its unparalleled capacity to empower and enthrall us. Frederick Kaufman tackles the complex history of money, beginning with the earliest myths and wrapping up with Wall Street’s byzantine present-day doings. Along the way, he exposes a set of allegorical plots, stock characters, and stereotypical metaphors that have long been linked with money and commercial culture, from Melanesian trading rituals to the dogma of Medieval churchmen faced with global commerce, the rationales of Mercantilism and colonial expansion, and the U.S. dollar’s 1971 unpinning from gold. The Money Plot offers a tool to se...
A voyeuristic peek into the lives of our friends and neighbors. No subject is too taboo, and these anonymous interviews reveal heartbreaking, heartwarming insights about sex, fighting, money, addiction, in-laws, and the Internet.
An award-winning novel of love, betrayal, and Arab Israeli identity by the author of Dancing Arabs—“one of the most important contemporary Hebrew writers” (Haaretz). A successful Arab criminal attorney and a social worker-turned-artist find their lives intersecting under the most curious of circumstances. The lawyer has a thriving practice in Jerusalem, a large house, and a Mercedes. He speaks both Arabic and Hebrew, and lives with his wife and two young children. To maintain his image as a sophisticated Israeli Arab, he makes frequent visits to a local bookstore and picks up popular novels. But on one fateful evening, he decides to buy a used copy of Tolstoy’s The Kreutzer Sonata, a...
“Just try to resist.... A Continental Downton Abbey plus sex, with a dash of Dangerous Liaisons tossed in.” —Seattle Times Piet Barol has an instinctive appreciation for pleasure and a gift for finding it. When his mother dies, Piet applies for a job as tutor to the troubled son of Europe's leading hotelier—a child who refuses to leave his family’s mansion on one of Amsterdam’s grandest canals. As Piet enters this glittering world, he learns its secrets and finds his life transformed. A brilliantly written portrait of the senses, History of a Pleasure Seeker is an opulent, romantic coming-of-age drama set at the height of Europe’s Belle Époque, written with a lightness of touch that is wholly modern and original.
This is VII in a series of ten volumes on the Theory in Anthropology. Originally published in 1968, this is a sourcebook that was created by the authors’ need for making accessible in a single volume a sample of those important pieces which are presently scattered in numerous publications, some of which are difficult for the student to obtain. Our second reason had to do with certain convictions they hold about the aims and methods of anthropology.
Ireland is suffering from a crisis of authority. Catholic Church scandals, political corruption, and economic collapse have shaken the Irish people’s faith in their institutions and thrown the nation’s struggle for independence into question. While Declan Kiberd explores how political failures and economic globalization have eroded Irish sovereignty, he also sees a way out of this crisis. After Ireland surveys thirty works by modern writers that speak to worrisome trends in Irish life and yet also imagine a renewed, more plural and open nation. After Dublin burned in 1916, Samuel Beckett feared “the birth of a nation might also seal its doom.” In Waiting for Godot and a range of powe...