Articles & Blogs, Category = Book reviews

‘The Road to Serfdom’ at 75: Reflecting on Hayek’s Enduring Work

“Friedrich A. Hayek’s The Road to Serfdom was first published 75 years ago this month. Initially written as a brief memo in 1933, it eventually grew into a book and is probably the Nobel Laureate economist’s most well-known work. How does TRS hold up this many years later? What does it have to say about where we find ourselves today as a civilization and where we might be headed?”

See more classics on the Moral Markets bookshelf

Green Money

“Socially responsible investment, green bonds, extra-financial rating agencies: ‘climate finance’ has developed over the last few years. Without State involvement, will these tools suffice to finance the transition toward a carbon neutral global economy?”

Discussion (in English) of the French book Climat; Un Défi pour la Finance, by Pierre Ducret and Maria Scolan.

Aquinas and the Market: Toward A Humane Economy

Aquinas and the Market: Toward A Humane Economy is a pleasant surprise, because it takes both economics and theology very seriously. There are probably not many scholars who have doctorates in economics (Harvard) and theology (Notre Dame) and even fewer who can write an academic book that is almost entirely free of academic jargon. It is readable without oversimplifying the subject matter.”

Book on Steinhoff’s Demise Shows Danger of ‘Big Men’ Business Leaders

“The collapse of Steinhoff International, the multi-billion dollar global business group, has been rightly described as the biggest corporate scandal in South African history. The company’s history, and its subsequent evolution and demise, are skillfully told in a new book, Steinhoff: Inside SA’s Biggest Corporate Crash. […] the book provides valuable insights and lessons that are universally applicable and comparable. It must be made compulsory reading in corporate boardrooms and business schools.”

How Free Trade Profits a Nation

In What’s Wrong with Protectionism “Lemieux outlines the protectionist position and confronts it with economic theory and counterevidence. For those looking for concise and empirically informed critiques of common protectionist economic arguments, this book is extremely helpful in accurately summarizing protectionist views and how they don’t square with the economic evidence. The author’s arguments are helped by his refusal to caricature his opponents’ reasoning. He takes them at face value.”

Even Online, There’s No Such Thing as a Free Audience

“Even firms who want to limit their collection of data cannot do so — the way the digital economy works, that would be suicide in slow motion. Internet will not destroy democracy, or news, but human choices can and strengthening antitrust enforcement is key. But so is a deeper understanding of how the internet economy works. If we can better understand how our choices add and multiply together, we can make wiser decisions, and Hindman’s book is a great place to start.”

The Virtues of the Market: Wilhelm Röpke as a Cultural Economist

“Röpke’s work from the 1940’s onwards is an attempt to provide a unified analysis of the crisis of his times, among other things by figuring out the way in which culture, society, market and state relate to one another. […] This primacy of the cultural is also evident in Röpke’s view of the market. What he liked most about the market economy was, surprisingly, not its material effects but instead the bourgeois ethic that was intimately tied up with it.” More info on Röpke’s book “A Human Economy; The Social Framework of the Free Market” (1960).

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