An engrossing behind-the-scenes look at one of America's most successful and familiar brands.

BITTER BREW

THE RISE AND FALL OF ANHEUSER-BUSCH AND AMERICA'S KINGS OF BEER

Knoedelseder (I'm Dying Up Here: Heartbreak and High Times in Stand-up Comedy's Golden Era, 2009, etc.) peels away the ubiquitous Budweiser label to reveal an American family dynasty drunk on wealth, power and privilege.

Beginning just after the all-American Anheuser-Busch brand was sold to the conglomerate InBev in 2008, the author examines the company’s golden years. The company began in the mid 19th century when the son of a well-to-do German wine merchant first landed in St. Louis and set about building a brewing empire. Just how that same empire would one day manifest itself in the comic visage of Spuds MacKenzie is at once astounding and abhorrent. Indelible tag lines like "This Bud's For You" and "Bring Out Your Best" were only Budweiser's public calling cards. As the author adroitly points out, the real architects behind "The King of Beers" were far less palatable figures. Self-absorbed A-B leaders like "Gussie" Busch and his heir, August III, may have produced millions of barrels of beer in their time, but they left a lot to be desired in the humanity department. Knoedelseder’s detailed portraits of each man, as well as August IV, are vivid, and their combined histories are enough to outshock even the most scandalous TV drama. No less captivating, however, are the stories behind Budweiser's phenomenally successful advertising campaigns, most notably its tooth-and-nail ad war with Miller Lite in the mid-1970s. For years, Budweiser waged some of its toughest battles across America's TV screens, but it was their largely unseen, interfamily fighting that cost them the most. This comprehensive, fast-paced history adeptly handles both threads.

An engrossing behind-the-scenes look at one of America's most successful and familiar brands.

Pub Date: Nov. 6, 2012

ISBN: 978-0-06-200926-5

Page Count: 416

Publisher: Harper Business

Review Posted Online: Sept. 27, 2012

Kirkus Reviews Issue: Oct. 15, 2012

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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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Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

GOOD ECONOMICS FOR HARD TIMES

“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.

It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

Pub Date: Nov. 12, 2019

ISBN: 978-1-61039-950-0

Page Count: 432

Publisher: PublicAffairs

Review Posted Online: Aug. 29, 2019

Kirkus Reviews Issue: Sept. 15, 2019

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