Congrats (!) to House of Debt authors Atif Mian and Amir Sufi for making the shortlist for the Financial Times and McKinsey Business Book of the Year. Now in competition with five other titles from an initial offering of 300 nominations, House of Debt—and its story of the predatory lending practices behind the Great American Recession, the burden of consumer debt on fragile markets, and the need for government-bailed banks to share risk-taking rather than skirt blame—will find out its fate at the November 11th award ceremony.
From the official announcement:
“The provocative questions raised by this year’s titles have been addressed with originality, depth of research and lively writing.”
The award, now in its 10th edition, aims to find the book that provides “the most compelling and enjoyable insight into modern business issues, including management, finance and economics.” The judges—who include former winners Mohamed El-Erian and Steve Coll—also gave preference this year to books “whose influence is most likely to stand the test of time.”
To read more about House of Debt, including a list of reviews and a link to the authors’ blog, click here.
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Chicago Shorts offer distinguished selections, including never-before-published material, off-the-radar reads culled from the University of Chicago Press’s commanding archive, and the best of our newest books, all priced for impulse buying and presented exclusively in DRM-free e-book format.
With that in mind, we’re delighted to announce the debut of our latest Short: How to Humble a Wingnut and Other Lessons from Behavioral Economics by Cass R. Sunstein.
In How to Humble a Wingnut, leading constitutional scholar, behavioral economist, and former Administrator of the White House Office of Information and Regulatory Affairs Cass R. Sunstein examines the unconventional impetuses behind human decision-making. Why it is that people often choose to behave so strangely? Sunstein’s incisive commentaries point to recent empirical findings to demonstrate how and why people convince themselves they are right despite evidence to the contrary; fear dangers they are unlikely to encounter; and ignore real risks. Mining developments in recent behavioral studies for tips on everything from holiday shopping and political biases to staying healthy and clear thinking in general, Sunstein nudges his reader towards that rarest of grounds—understanding. To read more about How to Humble a Wingnut, go here. To see the full series . . .
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Last year, to mark what would have been Milton Friedman’s 100th birthday, we recapped tributes from the web. As a refresher, here’s Friedman at 100 again, +1:
From the Chicago Tribune:
On the 100th anniversary of his birth Tuesday, one may wonder what the Nobel laureate would say about the more controversial policies now unfolding across America. What would Friedman have thought about the recent advances in school choice, an idea he developed in 1955? How would he react to the government’s decision to tax Americans who do not purchase health insurance? Would Friedman take a position regarding the financial impact of soaring public union pensions on state economies? As an expert on monetary policy, certainly Friedman would have an opinion regarding the federal government’s bailout of the financial industry and its impact on our personal freedom.
I think the most important measure of a thinker’s influence are his once-controversial ideas that are now considered so obvious that no one seriously disputes them. I’ve recently been reading a collection of Friedman’s Newsweek columns from the late 1960s and early 1970s, a time when he was at the peak of his fame and influence. Among the proposals he . . .
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The 2012 class of Guggenheim Fellows was announced this week by the John Simon Guggenheim Memorial Foundation, inciting some exuberant responses on the part of several winners (check out Terry Teachout’s Twitter feed). The Guggenheim has long been hailed as the “mid-career award,” honoring scholars, scientists, poets, artists, and writers, who have likely published a book or three, professed a fair amount of research, and are actively engaged in projects of significant scope. The fellowship possesses some tortured origins—(John) Simon Guggenheim, who served as president of the American Smelting and Refining Company and Republican senator from Colorado, seeded the award (1925) following the death of this son John (1922) from mastoiditis (Guggenheim’s second son George later committed suicide, and more infamously his older brother Benjamin went down with the Titanic).
Among this year’s crop (we dare say more forward-leaning than previous years?) is a roster of standout “professionals who have demonstrated exceptional ability by publishing a significant body of work in the fields of natural sciences, social sciences, humanities, and the creative arts,” affiliated with the University of Chicago Press:
Christian Wiman, editor of Poetry magazine and author of three poetry collections, coeditor of . . .
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Natalie Angier is a science journalist—and an outspoken athiest—with a thirst for. . . . fairness? At least that’s the case in her recent piece for the New York Times, in which she explores the wealth gap that’s helped spur our worst economic crisis since the Great Depression in light of research on human nature and the evolution of human social organization. Interesting to point out that another NYT study bills the average top executive’s salary at ten million dollars and rising twelve percent per year.
And just who’s fair?
Angier spells it out for us:
Darwinian-minded analysts argue that Homo sapiens have an innate distaste for hierarchical extremes, the legacy of our long nomadic prehistory as tightly knit bands living by veldt-ready team-building rules: the belief in fairness and reciprocity, a capacity for empathy and impulse control, and a willingness to work cooperatively in ways that even our smartest primate kin cannot match.
In The Fair Society: The Science of Human Nature and the Pursuit of Social Justice, Peter Corning draws on evidence similar to what Angier cites in her article: the evolutionary record, along with the latest findings from the behavioral and biological sciences. The result? A . . .
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