The World's Best Book Summaries
How should we deal with climate change and its impact? What’s actually realistic? Because of the distortion of climate science, Steven E. Koonin argues that many governments have endorsed impractical responses to climate change. In his book Unsettled, he proposes alternative responses to mitigate and adapt to climate change and its effects. Continue reading to learn Koonin’s practical climate mitigation and adaptation proposals.
Do you have a good handle on the state of the world? Are things worse than ever? By almost any measure, there’s never been a better time to be alive than right now. That’s the belief of Hans Rosling, Ola Rosling, and Anna Rosling Rönnlund. Their book Factfulness explores the misconceptions that color our view of the world. Continue reading for several Factfulness questions that will test your knowledge and adjust your thinking.
Is Europe’s gas shortage over or is another energy crisis on the way? Why do experts’ viewpoints differ on this issue? Last November, Europe appeared on the brink of an energy crisis, facing a shortage of natural gas as Russia’s invasion of Ukraine disrupted global supply and distribution. Now, some say that Europe not only weathered the storm but put itself in a stronger energy position than ever—but others don’t readily agree. Read on to learn if Europe’s gas shortage is truly over or if another energy crisis is on the horizon.
Who are the power elite in America? What institutions wield influence over nearly everything? In The Power Elite, sociologist C. Wright Mills discusses how a small group of leaders has taken over a vast majority of American political and economic decision-making. He defines the power elite—who they are and how they operate—and he identifies the three institutions where the power elite emerged. Keep reading to learn who these people are and how they’ve consolidated their power.
What’s the “executive class”? How did corporations in the United States get so powerful? In The Power Elite, C. Wright Mills discusses how influential institutions came to control a majority of wealth and power in America. Corporations are one of the three main institutions where Mills believes the power elite developed. Mills explores the process by which their influence solidified over the years. Read more to learn about the subtle rise of the corporate elite in America.
How does poverty affect one’s cognitive functioning? What are the psychological consequences of never having enough money? Poverty takes a huge toll on one’s cognitive capacity. Poor people are so preoccupied with stretching their money that they don’t have any mental bandwidth to focus on anything else. The cognitive effects of poverty should be tackled on the institutional level. Here are some recommended poverty alleviation programs from Scarcity.
What’s causing the Colorado River water shortage? What impact will it have on the river itself, water users, and the wider economy? Reservoirs throughout the Colorado River drainage have become critically depleted because current water use agreements divert more irrigation water to farmers than the river can provide. Reduced availability of irrigation water could potentially diminish the nation’s food supply and drive up prices. Keep reading to learn more about the cause and impact of the Colorado River water shortage.
Would you like to understand your fellow humans better? When is conventional wisdom wrong? What if you thought like an economist? Authored by Steven D. Levitt and Stephen J. Dubner, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything applies the tools of economics to explain real-world phenomena that aren’t conventionally thought of as “economic.” The book contains fascinating implications and applications. Continue reading for discussion questions and a quiz that you can use with your Freakonomics book club.
What’s so great about the free market? Does self-interest benefit everyone? How should taxes be used? Many economists consider The Wealth of Nations by Adam Smith to be one of the major foundational texts of their discipline. Writing in 1776, Smith argues that free markets are the best institution for cultivating a nation’s wealth. Continue reading for an overview of this important classic work.
Can self-interest be a good thing? What does it have to do with labor, embargoes, and taxation? According to Adam Smith, self-interest in the context of a free market is what a nation needs in order to flourish. In The Wealth of Nations, he argues that free markets harness the power of rational self-interest to incentivize the production of useful goods while efficiently distributing surplus wealth. Read more to understand Smith’s case for free markets and individual self-interest as the best ways to grow a nation’s economy.