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THE FED AND THE FLU

PARSING PANDEMIC ECONOMIC SHOCKS

A well-researched, engaging economic history of pandemics.

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The intersection of pandemics and economics across world history is explored in this nonfiction book.

A former soldier assigned to the United States Army’s 485th Preventative Medicine Unit, co-author Kotok notes in the book’s introduction that “disease has killed more soldiers throughout all wars than swords, arrows, bullets, and bombs have.” Following the example of United States generals from George Washington to Dwight Eisenhower, who emphasized the long-term threat of disease to national security, Kotok has spent decades studying the economic impact of pandemics throughout history. Inspired by a 2020 research study released by the Federal Reserve Bank of San Francisco (a document cited heavily throughout this work) in the wake of Covid-19, Kotok and his co-authors Englund, Erwin, and Sweet offer a timely, well-researched economic history of pandemics. Divided into five parts, the book begins with an assessment of the Federal Reserve’s response to Covid-19 before transitioning into a lengthier exploration of pandemics across history. The second section offers chapter-length historical overviews of seven pandemics, from the Bronze Age and Roman Antonine Plague through the Black Death of the Middle Ages. Part three transitions to the 20th century, with a particular emphasis on the Federal Reserve’s response to the influenza pandemics of 1918 and 1957. Parts four and five focus on Covid-19, providing readers with in-depth, data-driven analysis of the pandemic’s impact on labor, productivity, and other key economic measures. These sections also discuss the impact of stimulus assistance, which the authors suggest “cushioned the shock” to the economy while noting that the initial round of stimulus mostly tended to help larger businesses. “We are still seeing lingering impacts of the pandemic,” the authors assert from the vantage of 2025, highlighting Covid-19’s connection to inflation, the decline of small businesses, and impact on skilled workers.

While written by a team of economic scholars who emphasize the hard, quantitative data at the center of their research, the work highlights the human toll of the disease. Dedicated to both frontline healthcare professionals as well as Federal Reserve employees, the book reflects the humanistic belief that the economy exists to serve people—the authors observe that any “economy and its financial market function best when market agents are not sick and do not have disease risk on their minds.” This empathetic perspective, in addition to the erudite economic analysis and engaging historical overview, makes this an accessible work for a wide audience. The author of four previous economic books, Kotok here collaborates with Englund (chief economist for Action Economics, LLC), Erwin (a budding historian), and Sweet (a veteran copy editor in the financial industry), whose combined strengths make for an impressively interdisciplinary work backed by a myriad of scholarly footnotes (the authors are careful to moderate their analysis with dozens of full-color charts, photograph, historical art, and other visual elements found throughout the work). Englund contributes a concluding “Chart Book” that provides readers with an eye-opening visual study of Covid-19’s impact on housing, factory output, and household incomes, among other economic indicators.

A well-researched, engaging economic history of pandemics.

Pub Date: Dec. 17, 2024

ISBN: 9798989362523

Page Count: 552

Publisher: Self

Review Posted Online: Jan. 31, 2025

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FOOTBALL

A smart, rewarding consideration of football’s popularity—and eventual downfall.

A wide-ranging writer on his football fixation.

Is our biggest spectator sport “a practical means for understanding American life”? Klosterman thinks so, backing it up with funny, thought-provoking essays about TV coverage, ethical quandaries, and the rules themselves. Yet those who believe it’s a brutal relic of a less enlightened era need only wait, “because football is doomed.” Marshalling his customary blend of learned and low-culture references—Noam Chomsky, meet AC/DC—Klosterman offers an “expository obituary” of a game whose current “monocultural grip” will baffle future generations. He forecasts that economic and social forces—the NFL’s “cultivation of revenue,” changes in advertising, et al.—will end its cultural centrality. It’s hard to imagine a time when “football stops and no one cares,” but Klosterman cites an instructive precedent. Horse racing was broadly popular a century ago, when horses were more common in daily life. But that’s no longer true, and fandom has plummeted. With youth participation on a similar trajectory, Klosterman foresees a time when fewer people have a personal connection to football, rendering it a “niche” pursuit. Until then, the sport gives us much to consider, with Klosterman as our well-informed guide. Basketball is more “elegant,” but “football is the best television product ever,” its breaks between plays—“the intensity and the nothingness,” à la Sartre—provide thrills and space for reflection or conversation. For its part, the increasing “intellectual density” of the game, particularly for quarterbacks, mirrors a broader culture marked by an “ongoing escalation of corporate and technological control.” Klosterman also has compelling, counterintuitive takes on football gambling, GOAT debates, and how one major college football coach reminds him of “Laura Ingalls Wilder’s much‑loved Little House novels.” A beloved sport’s eventual death spiral has seldom been so entertaining.

A smart, rewarding consideration of football’s popularity—and eventual downfall.

Pub Date: Jan. 20, 2026

ISBN: 9780593490648

Page Count: 304

Publisher: Penguin Press

Review Posted Online: Oct. 24, 2025

Kirkus Reviews Issue: Dec. 1, 2025

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WHEN BREATH BECOMES AIR

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...

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A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.

Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.

Pub Date: Jan. 19, 2016

ISBN: 978-0-8129-8840-6

Page Count: 248

Publisher: Random House

Review Posted Online: Sept. 29, 2015

Kirkus Reviews Issue: Oct. 15, 2015

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