CULTURE and PROSPERITY: The Truth About Markets - why some nations are rich but most remain poor ~ John Kay

TRANSACTION MAN: The rise of the deal and the decline of the American Dream ~ Nicholas Lemann

"Over the last generation, the United States has undergone profound changes. Disruption has become a venerated cultural ideal, the president presents himself as a dealmaker in chief, and rising inequality has coincided with the fraying of social ties. How did all this come about? .....

Systemic Risk ~ The Dynamics of Modern Financial Systems... Prasanna Gai

System Risk opens new ground in the study of financial crisis. It treats the financial system as a complex adaptive system and shows how lessons from network disciplines - such as ecology, epidemiology, and statistical mechanics - shed light on our understanding of financial stability. Using tools from network theory and economics, it suggests that financial systems are robust-yet-fragile, with knife like properties that are greatly exacerbated by the hoarding of funds and the fire sale of assets by banks. This book studies the damaging network consequences of the failure of large interconnected institutions, explains how key funding markets can seize up across the entire financial system, and shows how the pursuit of secured finance by banks in the wake of the global financial crisis can generate systemic risks. The insights are then used to model banking systems calibrated to data to illustrate how financial sector regulators are beginning to quantify financial system stress.

Politics, Evolution & Economics...

From Political Gridlock to Scientific Progress. The Promise of Evonomics https://t.co/5pX6VREGd6

— MainandWall™ (@MainandWall) November 13, 2015