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Introduction Irrational Exuberance is a book about speculative bubble. I chose this book as it is a recommended book on an investment blog. This book is intended to provide a better understanding of the forces that shape the long-run outlook for the market. I am looking to find some investment advice in this book. This book is the third edition. Author Robert J. Shiller is an American economist who jointly received a Nobel Memorial Prize in Economic Sciences in 2013. He is currently serving as Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management’s International Center for Finance. He is also the co‑founder and chief economist of the investment management firm MacroMarkets LLC. Contents Irrational Exuberance has 3 prefaces, 13 chapters and an appendix. The first 3 chapters serve as the introduction and the remaining chapters are divided into 5 parts. The chapters in the introduction are The Stock Market in Historical Perspective, The Bond Market in Historical Perspective, and The Real Estate Market in Historical Perspective. Part One is Structural Factors and contains 2 chapters. These are Precipitating Factors: The Internet, the Capitalist Explosion, and Other Events, and Amplification Mechanisms: Naturally…

Introduction If you are interested in economics, I bet you must have heard of the The Wealth of Nations. I am also attracted by its prominence and began to read this book when I had the chance. This book was written in the 18th century. Author Adam Smith was a Scottish economist, philosopher and author. With this book, he is known as “The Father of Economics”. He is a major proponent of laissez-faire economic policies. He died in Edinburgh in 1790. Content The Wealth of Nations is divided into 5 books. It starts with Introduction and Plan of Work which serves to introduce the layout and the objects of each book. Book One is Of the Causes of Improvements in the Productive Powers of Labour, and of the Order according to which its Produce is naturally distributed among the different Ranks of People. There are 11 chapters and a conclusion in this book. Book Two is Of the Nature, Accumulation, and Employment of Stock. It contains an introduction and 5 chapters. This section talks about capital stock. Book Three is Of the different Progress of Opulence in different Nations. This book only has 4 chapters. It mainly discusses the circumstances…

Introduction $2.00 a Day is a book about extreme poverty in United States of America (US). All the stories in this book are from real life people. Author Both authors are working in academia. Kathryn J. Edin is a Professor of Sociology and Public Affairs at Princeton University. She was named a Bloomberg Distinguished Professor at John Hopkins University in 2015. H. Luke Shaefer is an Associate Professor of Social Work and Director of Poverty Solutions at the University of Michigan. Both of them specializes in the study of welfare system. Content This book contains an introduction, 5 chapters and a conclusion. The first chapter is Welfare Is Dead. It is followed by Perilous Work. The third chapter is A Room of One’s Own. By Any Means Necessary is the fourth chapter. The fifth chapter is A World Apart. The conclusion contains the authors’ recommendations to alleviate the problem of $2-a-day poverty in US. Review How to survive with $2 per day? It is not even enough for a meal in some areas of Malaysia. However, this is a reality that some unfortunate people in the world face. Although we generally think of US as a land of abundance, there…

Introduction Talking to My Daughter About the Economy is a book about economics and the causes of inequality in the world. The author’s daughter poses a question of “Why is there so much inequality?” and this triggers the birth of this book. The author aims to urge the readers to take the economy in their own hands in order to attain an authentic democracy and a good society. Author Yanis Varoufakis was a professor of economics in a few universities at different parts of the world. In 2015, he was appointed as the finance minister of Greece when the country is embroiled in the government-debt crisis. Nonetheless, he quit after 7 months in office when the negotiation with the European troika failed. He has also authored a few other books related to economics. Content Talking to My Daughter About the Economy contains 8 chapters with a prologue and an epilogue. The first chapter is Why so Much Inequality? It is followed by The Birth of Market Society. The third chapter is The Marriage of Debt and Profit. The Black Magic of Banking is the fourth chapter. The ensuing chapters are Two Oedipal Markets, Haunted Machines and The Dangerous Fantasy of…

Introduction The Value of Everything is an economic book. It aims to stir a debate about “value” in current turbulent economic times. This book is chosen as one of the best business books 2018 in the economics category by strategy+business magazine. Author Mariana Mazzucato is an economist and Professor in Economics of Innovation and Public Value at University College London. She is also the founder of Institute for Innovation and Public Purpose in the same institution. The author is a member of the Scottish Government’s Council of Economic Advisers and UN Committee for Development Policy. She is an avid author who has published 10 books. Content This book begins with an introduction and contains 9 chapters. Chapter 1 is A Brief History of Value, followed by Value in the Eye of the Beholder: The Rise of the Marginalists. In these 2 chapters, the author introduces selected theories of classical and neoclassical economics. Chapter 3 is Measuring the Wealth of Nations and talks about gross domestic product. Chapter 4 is A Colossus is Born. The Rise of Casino Capitalism is Chapter 5. These chapters discuss the changes in the financial system. Chapter 6 and 7 are Financialization of the Real Economy…