Economist Books of the year 2007
Discover the Economist's top books of 2007—curated picks showcasing the year's best in economics, politics, and global affairs. Explore must-read titles and insightful analysis.
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The Nine
by Jeffrey Toobin
Drawing on exclusive interviews with the Supreme Court justices and other insiders, a behind-the-scenes look at the powerful, often secretive world of the Supreme Court offers profiles of each justice and how their individual styles affect the way in which they wield their power and discusses how the Court operates, the recent appointments of John Roberts and Samuel Alito, and the Court's influence on American life. 150,000 first printing.
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The Black Swan
by Nassim Nicholas Taleb
A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives. Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities. We concentrate on things we already know and time and time again fail to take into consideration what we don't know. We are, therefore, unable to truly estimate opportunities, too vulnerable to the impulse to simplify, narrate, and categorize, and not open enough to rewarding those who can imagine the impossible. For years, Taleb has studied how we fool ourselves into thinking we know more than we actually do. We restrict our thinking to the irrelevant and inconsequential, while large events continue to surprise us and shape our world. Now, in this revelatory book, Taleb explains everything we know about what we don't know. He offers surprisingly simple tricks for dealing with black swans and benefiting from them. Elegant, startling, and universal in its applications. The Black Swan will change the way you look at the world. Taleb is a vastly entertaining writer, with wit, irreverence, and unusual stories to tell. He has a polymathic command of subjects ranging from cognitive science to business to probability theory.The Black Swan is a landmark book, itself a black swan.
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The Age of Turbulence
by Alan Greenspan
The former Federal Reserve Board chairman reveals the financial close call that nearly resulted in an economic disaster after September 11, his efforts to safeguard American interests, and the personal and educational history that informed his choices.
Book
The Uncommon Reader
by Alan Bennett
From the author of The History Boys and The Clothes They Stood Up In A deliciously funny novella that celebrates the pleasure of reading. When the Queen in pursuit of her wandering corgis stumbles upon a mobile library she feels duty bound to borrow a book. Aided by Norman, a young man from the palace kitchen who frequents the library, Bennett describes the Queen's transformation as she discovers the liberating pleasures of the written word. With the poignant and mischievous wit of The History Boys, England's best loved author revels in the power of literature to change even the most uncommon reader's life.
