Distinguished economic historian, Peter Temin, talks us through some of his favourite books. His own latest book, The Vanishing Middle Class, charts America's regression towards a pre-industrial society: with many poor, a few rich, and not much in between.
Globalization benefits mankind and we are learning how better to deal with the disruption it causes. But one thing is for sure, the laws of economics are no more escapable than the laws of physics. Harvard professor and former US Treasury secretary, Larry Summers, recommends the best books on globalization.
‘When it comes to human happiness the inequalities which matter most aren’t financial. They are in terms of health or education. When it really comes down to it, what matters most is that are you well, that you are going to live a long life, that your children are going to live a long life.’
It’s not the first period in history that American society has suffered from a crisis of inequality. Former labour secretary, Robert Reich, recommends books to help us understand the response of previous generations to the same kinds of challenges we now face.
World Bank economist and author of The Haves and the Have-Nots: A Short and Idiosyncratic History of Global Inequality discusses global economic inequality and says internal issues of inequality breed aggressive foreign policy
What is economic development? What does it take to make it happen? What can we learn from the days Britain was still a developing country? Eminent Indian economist, Pranab Bardhan, recommends the best books to better understand economic development.