THE EURO

HOW A COMMON CURRENCY THREATENS THE FUTURE OF EUROPE

A cogent and urgent argument of compelling interest to economists and policymakers.

A tale of monetary union and its discontents.

Nobel Prize winner Stiglitz (Economics/Columbia Univ.; Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity, 2015, etc.), long a nuanced critic of globalization, turns his attention to the doomed project that is the single European currency, the euro. Doomed, that is, because it presupposes an economic integration into a single economic community that has not been matched by the necessary political integration. The eurozone may be a single entity in theory, but in reality, it harbors competing national interests. Furthermore, any government requires the ability to develop and enforce its own regulations, a cause for conflict within any overarching union. Stiglitz sees within the push for the single currency the same neoliberal motivations as for globalization, a related process, and those, not surprisingly, involve making the rich richer at the expense of the poor. In the case of Europe, the byword for the poor is Greece, the nation that has perhaps suffered most in the cause of economic integration, where wage and pension decreases have had catastrophic effects, including a general devaluation of the economy. “Internal devaluation increases economic fragility by bringing more households and firms to the brink of bankruptcy,” he writes. “Inevitably, they cut back on spending on everything.” Lack of spending in a consumer economy yields disaster, and in the case of Greece, “the best evidence is that a country that goes through a deep downturn never bounces back to make up for what is lost. What is lost is lost forever.” Short of dissolving an economic union that he regards as ill-advised, Stiglitz examines possible palliatives, including allowance for more economic flexibility within the EU, with different areas trading at different values. That economic union can and should be saved, he writes, but only if it truly means the creation of “the shared prosperity and solidarity that was part of the promise of the euro.”

A cogent and urgent argument of compelling interest to economists and policymakers.

Pub Date: Aug. 16, 2016

ISBN: 978-0-393-25402-0

Page Count: 304

Publisher: Norton

Review Posted Online: May 31, 2016

Kirkus Reviews Issue: June 15, 2016

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BETWEEN THE WORLD AND ME

NOTES ON THE FIRST 150 YEARS IN AMERICA

This moving, potent testament might have been titled “Black Lives Matter.” Or: “An American Tragedy.”

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The powerful story of a father’s past and a son’s future.

Atlantic senior writer Coates (The Beautiful Struggle: A Father, Two Sons, and an Unlikely Road to Manhood, 2008) offers this eloquent memoir as a letter to his teenage son, bearing witness to his own experiences and conveying passionate hopes for his son’s life. “I am wounded,” he writes. “I am marked by old codes, which shielded me in one world and then chained me in the next.” Coates grew up in the tough neighborhood of West Baltimore, beaten into obedience by his father. “I was a capable boy, intelligent and well-liked,” he remembers, “but powerfully afraid.” His life changed dramatically at Howard University, where his father taught and from which several siblings graduated. Howard, he writes, “had always been one of the most critical gathering posts for black people.” He calls it The Mecca, and its faculty and his fellow students expanded his horizons, helping him to understand “that the black world was its own thing, more than a photo-negative of the people who believe they are white.” Coates refers repeatedly to whites’ insistence on their exclusive racial identity; he realizes now “that nothing so essentialist as race” divides people, but rather “the actual injury done by people intent on naming us, intent on believing that what they have named matters more than anything we could ever actually do.” After he married, the author’s world widened again in New York, and later in Paris, where he finally felt extricated from white America’s exploitative, consumerist dreams. He came to understand that “race” does not fully explain “the breach between the world and me,” yet race exerts a crucial force, and young blacks like his son are vulnerable and endangered by “majoritarian bandits.” Coates desperately wants his son to be able to live “apart from fear—even apart from me.”

This moving, potent testament might have been titled “Black Lives Matter.” Or: “An American Tragedy.”

Pub Date: July 8, 2015

ISBN: 978-0-8129-9354-7

Page Count: 176

Publisher: Spiegel & Grau

Review Posted Online: May 5, 2015

Kirkus Reviews Issue: July 1, 2015

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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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