Book reviews
Book notes: Narrative Economics, by Robert Shiller
The book is good fun to read but some elements are a little disappointing, says Charles Goodhart
Book notes: After Piketty, by Heather Boushey, Bradford Delong & Marshall Steinbaum
The book leaves you with a deeper and nuanced understanding of Piketty's work
Book notes: Shadow networks, by Francisco Louçã and Michael Ash
While not all central bankers will read this book, the problems it presents should not be left to politicians to solve
Book notes: Humanomics, by Vernon L Smith and Bart J Wilson
While being authored by world-class Adam Smith specialists means this is a must-read, the value-added of the book “remains a bit vague”
Book notes: Why not default?, by Jerome Roos
Thought-provoking book that will repay investment of any reader with an interest in sovereign debt
Book notes: Currency, credit and crisis, by Patrick Honohan
Honohan brings an analytical eye to the measures taken to avert a deep crisis in Ireland
Book notes: The third pillar, by Raghuram Rajan
Rajan sets out ambitious – but deliberately non-radical – manifesto for reform at local level
Book notes: Floored!, by George Selgin
Michael Reddell remains unconvinced Fed’s introduction of IOR prolonged recession
Book notes: Finance and philosophy, by Alex J Pollock
Readable and useful book that provides much food for thought, and should be read widely by economists and policy-makers
Book notes: Where economics went wrong, by David Colander and Craig Freedman
Chicago economics’ gladiatorial debating style has cost the discipline dearly, the authors argue
Book notes: Democratizing Money?, by Beat Weber
This is a timely book about ‘how money really works’
Book notes: EuroTragedy, by Ashoka Mody
Former International Monetary Fund insider elegantly tells story of currency that has defied economics
Book notes: Keeping at it, by Paul Volcker with Christine Harper
Volcker delivers fascinating history-laden memoir, writes Jean-Claude Trichet
Book notes: Macroprudential policy and practice, edited by Paul Mizen, Margarita Rubio and Philip Turner
Important overview of current state of thinking about macro-prudential policy, but uncertainties remain about current allocation of financial stability responsibilities
Book notes: The Fed and Lehman Brothers, by Laurence Ball
Ball claims the Fed could have lent to Lehmans, lawfully and prudently, had it chosen to do so, writes Reddell. But agreeing the Fed could have provided liquidity support does not automatically imply it should have
Book notes: The bank that lived a little, by Philip Augar
History of British commercial bank Barclays fails to address key questions, writes Michael Taylor
Book notes: The other half of macroeconomics, by Richard Koo
Richard Koo’s latest book updates his work on balance sheet recessions
Book notes: Capitalism without capital, by Jonathan Haskel and Stian Westlake
The authors have created a compelling framework to characterise and explain the nature of intangible investments in our economies, writes Michael Reddell, but their conclusions are lacking in analysis and data
Book notes: Digital human, by Chris Skinner
Skinner provides valuable insight into challenges banks face as technology continues to permeate further into financial industry
Book notes: Till Time’s Last Sand, by David Kynaston
Kynaston allows readers to develop their own understanding of the BoE’s place within an evolving UK
Book notes: American default, by Sebastian Edwards
Edwards’ book is fascinating, well written, relating one of US’s forgotten chapters of history
Book notes: Unfinished business, by Tamim Bayoumi
Anand Sinha praises Bayoumi’s analysis of how euro crisis and US housing crash were, in fact, intertwined
Book notes: China’s Great Wall of Debt, by Dinny McMahon
McMahon is too pessimistic about the chances of China managing to get its great wall of debt under control, writes Michael Taylor, but he is undoubtedly right about the scale of the challenge
Book notes: Edge of chaos, by Dambisa Moyo
John Chown applauds Moyo’s analysis of how the current democratic framework is failing