Economics and business:
Capital in the
Twenty-First Century. By Thomas Piketty. Belknap Press; 696 pages; $39.95 and
£29.95. Buy from Amazon.com<http://www.amazon.com/exec/obidos/ASIN/067443000X/theeconomists-20>; Amazon.co.uk<http://www.amazon.co.uk/exec/obidos/ASIN/067443000X/economistshop-21>
An unlikely bestseller
by a French economist, who, by looking at historical changes in the
concentration of income and wealth, shows that the importance of wealth in
modern economies is approaching levels unseen since before 1914.
The Forgotten
Depression, 1921: The Crash that Cured Itself. By James Grant. Simon &
Schuster; 254 pages; $28. Buy from Amazon.com<http://www.amazon.com/exec/obidos/ASIN/1451686455/theeconomists-20>; Amazon.co.uk<http://www.amazon.co.uk/exec/obidos/ASIN/1451686455/economistshop-21>
A study of the searing
1920s by the founder of a well-regarded financial newsletter. It sheds light on
a nasty, but largely ignored, episode and demonstrates that a laissez-faire
approach can cure slumps better than the government activism of the 1930s-or
indeed 2008.
Brazil: The Troubled
Rise of a Global Power. By Michael Reid. Yale University Press; 334 pages;
$32.50 and £20. Buy from Amazon.com<http://www.amazon.com/exec/obidos/ASIN/0300165609/theeconomists-20>; Amazon.co.uk<http://www.amazon.co.uk/exec/obidos/ASIN/0300165609/economistshop-21>
Our former Americas
editor, now the Bello columnist, analyses the troubled rise of a global power
and looks at the challenges that lie ahead.
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