“I defy anybody—Keynesian, Hayekian, or uncommitted—to read [Wapshott’s] work and not learn something new.”—John Cassidy, The New Yorker As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore balance to economies gone awry. John Maynard Keynes, the mercurial Cambridge economist, believed that government had a duty to spend when others would not. He met his opposite in a little-known Austrian economics professor, Freidrich Hayek, who considered attempts to intervene both pointless and potentially dangerous. The battle lines thus drawn, Keynesian economics would dominate for decades and coincide with an era of unprecedented prosperity, but conservative economists and political leaders would eventually embrace and execute Hayek's contrary vision. From their first face-to-face encounter to the heated arguments between their ardent disciples, Nicholas Wapshott here unearths the contemporary relevance of Keynes and Hayek, as present-day arguments over the virtues of the free market and government intervention rage with the same ferocity as they did in the 1930s.
Before Pearl Harbor, before the Nazi invasion of Poland, America teetered between the desire for isolation and the threat of world war. May 1938. Franklin Delano Roosevelt—recently reelected to a second term as president—sat in the Oval Office and contemplated two possibilities: the rule of fascism overseas, and a third term. With Hitler's reach extending into Austria, and with the atrocities of World War I still fresh in the American memory, Roosevelt faced the question that would prove one of the most defining in American history: whether to once again go to war in Europe. In The Sphinx, Nicholas Wapshott recounts how an ambitious and resilient Roosevelt—nicknamed "the Sphinx" for his cunning, cryptic rapport with the press—devised and doggedly pursued a strategy to sway the American people to abandon isolationism and take up the mantle of the world's most powerful nation. Chief among Roosevelt’s antagonists was his friend Joseph P. Kennedy, a stock market magnate and the patriarch of what was to become one of the nation's most storied dynasties. Kennedy's financial, political, and personal interests aligned him with a war-weary American public, and he counted among his isolationist allies no less than Walt Disney, William Randolph Hearst, and Henry Ford—prominent businessmen who believed America had no business in conflicts across the Atlantic. The ensuing battle—waged with fiery rhetoric, agile diplomacy, media sabotage, and petty political antics—would land US troops in Europe within three years, secure Roosevelt's legacy, and set a standard for American military strategy for years to come. With millions of lives—and a future paradigm of foreign intervention—hanging in the balance, The Sphinx captures a political giant at the height of his powers and an American identity crisis that continues to this day.
Provides a history of the diverging economic viewpoints that emerged after the 1929 stock market crash, one from Cambridge economist John Maynard Keynes, the other from Austrian economics professor Freidrich Hayek.
A Financial Times Best Economics Book of 2021 From the author of Keynes Hayek, the next great duel in the history of economics. In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes’s General Theory. Milton Friedman, little known at that time outside of conservative academic circles, championed “monetarism” and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy. In Samuelson Friedman, author and journalist Nicholas Wapshott brings narrative verve and puckish charm to the story of these two giants of modern economics, their braided lives and colossal intellectual battles. Samuelson, a forbidding technical genius, grew up a child of relative privilege and went on to revolutionize macroeconomics. He wrote the best-selling economics textbook of all time, famously remarking "I don’t care who writes a nation’s laws—or crafts its advanced treatises—if I can write its economics textbooks." His friend and adversary for decades, Milton Friedman, studied the Great Depression and with Anna Schwartz wrote the seminal books The Great Contraction and A Monetary History of the United States. Like Friedrich Hayek before him, Friedman found fortune writing a treatise, Capitalism and Freedom, that yoked free markets and libertarian politics in a potent argument that remains a lodestar for economic conservatives today. In Wapshott’s nimble hands, Samuelson and Friedman’s decades-long argument over how—or whether—to manage the economy becomes a window onto one of the longest periods of economic turmoil in the United States. As the soaring economy of the 1950s gave way to decades stalked by declining prosperity and "stagflation," it was a time when the theory and practice of economics became the preoccupation of politicians and the focus of national debate. It is an argument that continues today.
Drawing on interviews with those closest to them, as well as on hundreds of recently declassified private letters and telephone calls, Wapshott depicts a complex, personal, and sometimes argumentative relationship between these two unlikely political soulmates. 8-page b&w photo insert.
Before Pearl Harbor, before the Nazi invasion of Poland, America teetered between the desire for isolation and the threat of world war. May 1938. Franklin Delano Roosevelt—recently reelected to a second term as president—sat in the Oval Office and contemplated two possibilities: the rule of fascism overseas, and a third term. With Hitler's reach extending into Austria, and with the atrocities of World War I still fresh in the American memory, Roosevelt faced the question that would prove one of the most defining in American history: whether to once again go to war in Europe. In The Sphinx, Nicholas Wapshott recounts how an ambitious and resilient Roosevelt—nicknamed "the Sphinx" for his cunning, cryptic rapport with the press—devised and doggedly pursued a strategy to sway the American people to abandon isolationism and take up the mantle of the world's most powerful nation. Chief among Roosevelt’s antagonists was his friend Joseph P. Kennedy, a stock market magnate and the patriarch of what was to become one of the nation's most storied dynasties. Kennedy's financial, political, and personal interests aligned him with a war-weary American public, and he counted among his isolationist allies no less than Walt Disney, William Randolph Hearst, and Henry Ford—prominent businessmen who believed America had no business in conflicts across the Atlantic. The ensuing battle—waged with fiery rhetoric, agile diplomacy, media sabotage, and petty political antics—would land US troops in Europe within three years, secure Roosevelt's legacy, and set a standard for American military strategy for years to come. With millions of lives—and a future paradigm of foreign intervention—hanging in the balance, The Sphinx captures a political giant at the height of his powers and an American identity crisis that continues to this day.
The biggest edition yet – expanded and updated with 35,000 words of new material Critically acclaimed in its previous editions, The Complete David Bowie is widely recognized as the foremost source of analysis and information on every facet of Bowie’s career. The A-Z of songs and the day-by-day dateline are the most complete ever published. From the 11-year-old’s skiffle performance at the 18th Bromley Scouts’ Summer Camp in 1958, to the emergence of the legendary lost album Toy in 2011, to his passing in January 2016, The Complete David Bowiediscusses and dissects every last development in rock’s most fascinating career. * The Albums – detailed production history and analysis of every album from 1967 to the present day. * The Songs – hundreds of individual entries reveal the facts and anecdotes behind not just the famous recordings, but also the most obscure of unreleased rarities – from ‘Absolute Beginners’ to ‘Ziggy Stardust’, from ‘Abdulmajid’ to ‘Zion’. * The Tours – set-lists and histories of every live show. * The Actor – a complete guide to Bowie’s career on stage and screen. * Plus – the videos, the BBC radio sessions, the paintings, the Internet and much more.
The streetscape of London’s historic square mile has been evolving for centuries, but the City’s busy commercial heart still boasts an extensive network of narrow passages and alleyways, secret squares and half-hidden courtyards. Using his wealth of local knowledge, historian David Long guides you through these ancient rights of passage – many dating back to medieval times or earlier – their evocative names recalling old taverns, notable individuals and City traditions. Hidden behind the glass, steel and stone of London’s banks and big business, these survivors of modern development bear witness to nearly 2,000 years of British history.
International Retailing reflects contemporary research and current practice, focusing on what is happening in the field, who is making it happen, why it is happening in the way it is, and how it is happening. Structured around four parts, this textbook guides students through the internationalization process, considering international markets, and how retail companies operate within them. It concludes by exploring future trends and challenges of the international retail marketplace." "The text is packed with a wealth of international examples and familiar case studies, clearly showing how the theory translated into practice."--BOOK JACKET.
Time is running out for James Dent. On the trail of missing singer Billy K, his team has exhausted every lead. The investigation has cost Dent his marriage, his home and possibly his job. All he has left is his instinct, and a copy of ‘Show Me the Sky’ – the book Billy was reading when he vanished. With only the clothes on his back and £5000 in his wallet, Dent himself disappears. He believes he can solve this case alone. He can have little idea where this journey will take him. Mystery, adventure, historical voyage, coming of age – Show Me the Sky is all this and more. It is a dazzling novel about the power of books to change lives, which will keep you guessing until the final page.
New details of the remarkable relationship between two leaders who teamed up to change history. It?s well known that Ronald Reagan and Margaret Thatcher were close allies and kindred political spirits. During their eight overlapping years as U.S. president and UK prime minister, they stood united for free markets, low taxes, and a strong defense against communism. But just how close they really were will surprise you. Nicholas Wapshott finds that the Reagan-Thatcher relationship was much deeper than an alliance of mutual interests. Drawing on extensive interviews and hundreds of recently declassified private letters and telephone calls, he depicts a more complex, intimate, and occasionally combative relationship than has previously been revealed.
A Financial Times Best Economics Book of 2021 From the author of Keynes Hayek, the next great duel in the history of economics. In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes’s General Theory. Milton Friedman, little known at that time outside of conservative academic circles, championed “monetarism” and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy. In Samuelson Friedman, author and journalist Nicholas Wapshott brings narrative verve and puckish charm to the story of these two giants of modern economics, their braided lives and colossal intellectual battles. Samuelson, a forbidding technical genius, grew up a child of relative privilege and went on to revolutionize macroeconomics. He wrote the best-selling economics textbook of all time, famously remarking "I don’t care who writes a nation’s laws—or crafts its advanced treatises—if I can write its economics textbooks." His friend and adversary for decades, Milton Friedman, studied the Great Depression and with Anna Schwartz wrote the seminal books The Great Contraction and A Monetary History of the United States. Like Friedrich Hayek before him, Friedman found fortune writing a treatise, Capitalism and Freedom, that yoked free markets and libertarian politics in a potent argument that remains a lodestar for economic conservatives today. In Wapshott’s nimble hands, Samuelson and Friedman’s decades-long argument over how—or whether—to manage the economy becomes a window onto one of the longest periods of economic turmoil in the United States. As the soaring economy of the 1950s gave way to decades stalked by declining prosperity and "stagflation," it was a time when the theory and practice of economics became the preoccupation of politicians and the focus of national debate. It is an argument that continues today.
IT had rained in torrents all the way down from Schenectady, so when Jack Duane glimpsed the lights of what looked to be a big house through the trees, he braked his battered, convertible sedan to a stop at the side of the road. Mud lay along the fenders and running boards; mud and water had spumed up and freckled Duane’s face and hat. He pulled off the latter—it was soggy—and slapped it on the seat beside him, leaning out and squinting through the darkness and falling water. He was on the last lap of a two weeks’ journey from San Francisco, his objective being New York City. There he hoped to wangle a job as foreign correspondent from an old crony, J. J. Molloy, now editor of the New York Globe. Adventurer, journalist, globetrotter, Duane was of the type that is always on the move. “It’s a place, anyway, Moses,” he said to the large black man beside him, his servitor and bodyguard, who had accompanied him everywhere for the past three years. “Somebody lives there; they ought to have some gas.” “Yasah,” said Moses, staring past Duane’s shoulder, “it’s a funny-looking place, suh.” Duane agreed. Considering that they were seventy miles from New York, in the foothills of the Catskills, with woods all around them and the rain pouring down, the thing they saw through the trees, some three hundred yards from the country road, was indeed peculiar. It looked more like a couple of Pullman cars coupled together and lighted, than like a farmer’s dwelling. “Fenced in, too,” said Duane, pointing to the high steel fence that bordered the road, separating them from the object of their vision. “And look there—” A fitful flash of lightning in the east, illuminating the distant treetops, showed up the towering steel and network of a high-voltage electric line’s tower. The roving journalist muttered something to express his puzzlement, and got out of the car. Moses followed him. “Well,” said Duane presently, when they had stared a moment longer, “whatever it is, I’m barging in. We’ve got to have some gas or we’ll never make New York tonight.” MOSES agreed. The two men started across the road—the big Negro hatless and wearing a slicker—the reporter in a belted trench coat, his brown felt hat pulled out of shape on his head. “It’s a big thing,” Duane said as he and Moses halted at the fence and peered through. Distantly, he could see now that the mysterious structure in the woods was at least a hundred yards long, flat-topped and black as coal except from narrow shafts of light that came from its windows. “And look at the light coming out of the roof.” That was, indeed, the most peculiar feature of this place they had discovered. From a section of the roof near the center, as though through a skylight, a great white light came out, illuminating the slanting rain and the bending trees.
Mr. Garside shook his head. He was a tall, slender man of forty, and was the junior partner of the firm of Rufus Venner & Co., a large retail jewelry house in New York City, with a handsome store on Fifth Avenue, not far from Madison Square.
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