First-rate financial history and an admirable effort to wrestle a world-changing series of events between covers.

CRASHED

HOW A DECADE OF FINANCIAL CRISES CHANGED THE WORLD

What happens when the walls of Wall Street come crashing down? Donald Trump, for one thing. A long but not oppressive study blending politics, economics, and history.

Tooze (History/Columbia Univ.; The Deluge: The Great War, America and the Remaking of the Global Order, 1916-1931, 2014, etc.), whose previous book won the Los Angeles Times Book Prize, examines the “first crisis of a global age” as it played out in an increasingly interlocked financial world. One driver was the deregulation of financial institutions, which was not confined to the United States. As the author notes, deregulation was central to the British plan to convert London into ground zero for “many of the most fast-paced global transactions” that were remaking the world. Tooze complicates the usual narratives. While many writers, especially on the right, have pegged the financial meltdown on the subprime mortgage crisis, agencies such as Freddie Mac and Fannie Mae in fact kept loans to high standards, and that aspect of the larger financial crisis proved more symptom than cause. Still, those mortgages worked to distort the market, and “when you distort the market, crises are inevitable.” One unintended effect of the rattling of capital was the strengthening of Russia, whose “new prosperity was associated not with independence from the world economy but with entanglement in it,” and China, whose economy responded “in directions that the Beijing leadership had been struggling to counteract.” Some of the broader consequences were more profound, including a schism between globalists and protectionists in the U.S. and Europe—a schism that, by Tooze’s account, resulted a decade later in Brexit, the election of Trump (whose “objectionable personality and outlandish policy proposals now had to be weighed against the more basic political question of who could do what for whom”), and the rush to once again deregulate the very forces that had set off the crisis in the first place.

First-rate financial history and an admirable effort to wrestle a world-changing series of events between covers.

Pub Date: Aug. 7, 2018

ISBN: 978-0-670-02493-3

Page Count: 704

Publisher: Viking

Review Posted Online: May 15, 2018

Kirkus Reviews Issue: June 1, 2018

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Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...

THINKING, FAST AND SLOW

A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

Pub Date: Nov. 1, 2011

ISBN: 978-0-374-27563-1

Page Count: 512

Publisher: Farrar, Straus and Giroux

Review Posted Online: Sept. 4, 2011

Kirkus Reviews Issue: Sept. 15, 2011

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A timely, vividly realized reminder to slow down and harness the restorative wonders of serenity.

STILLNESS IS THE KEY

An exploration of the importance of clarity through calmness in an increasingly fast-paced world.

Austin-based speaker and strategist Holiday (Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue, 2018, etc.) believes in downshifting one’s life and activities in order to fully grasp the wonder of stillness. He bolsters this theory with a wide array of perspectives—some based on ancient wisdom (one of the author’s specialties), others more modern—all with the intent to direct readers toward the essential importance of stillness and its “attainable path to enlightenment and excellence, greatness and happiness, performance as well as presence.” Readers will be encouraged by Holiday’s insistence that his methods are within anyone’s grasp. He acknowledges that this rare and coveted calm is already inside each of us, but it’s been worn down by the hustle of busy lives and distractions. Recognizing that this goal requires immense personal discipline, the author draws on the representational histories of John F. Kennedy, Buddha, Tiger Woods, Fred Rogers, Leonardo da Vinci, and many other creative thinkers and scholarly, scientific texts. These examples demonstrate how others have evolved past the noise of modern life and into the solitude of productive thought and cleansing tranquility. Holiday splits his accessible, empowering, and sporadically meandering narrative into a three-part “timeless trinity of mind, body, soul—the head, the heart, the human body.” He juxtaposes Stoic philosopher Seneca’s internal reflection and wisdom against Donald Trump’s egocentric existence, with much of his time spent “in his bathrobe, ranting about the news.” Holiday stresses that while contemporary life is filled with a dizzying variety of “competing priorities and beliefs,” the frenzy can be quelled and serenity maintained through a deliberative calming of the mind and body. The author shows how “stillness is what aims the arrow,” fostering focus, internal harmony, and the kind of holistic self-examination necessary for optimal contentment and mind-body centeredness. Throughout the narrative, he promotes that concept mindfully and convincingly.

A timely, vividly realized reminder to slow down and harness the restorative wonders of serenity.

Pub Date: Oct. 1, 2019

ISBN: 978-0-525-53858-5

Page Count: 288

Publisher: Portfolio

Review Posted Online: July 21, 2019

Kirkus Reviews Issue: Aug. 15, 2019

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