Book Bits: 6 New Books In June

● The Profit Paradox: How Thriving Firms Threaten the Future of Work
Jan Eeckhout
Review via NPR
While it’s had some ups and downs, the stock market has soared to historic heights in recent years. For many, that’s great news: It’s a sign the economy and their retirement accounts are doing really well. For Jan Eeckhout, however, the booming stock market is a sign there’s something deeply wrong with the economy.
Sure, the economist says, he has a retirement account with stocks, and he personally benefits from the ongoing bonanza on stock exchanges. But the rocket ride of the stock market is powered by the exploding profits of increasingly powerful corporations. Their increasingly ridiculous profits, he says, are eating the income of the vast bulk of workers and hurting the overall economy. That notion is the central thesis of his forthcoming book, The Profit Paradox: How Thriving Firms Threaten the Future of Work.


● Cyber Crisis: Protecting Your Business from Real Threats in the Virtual World
Eric Cole
Review via Publishers Weekly
Cybersecurity attacks happen every minute of every day and people aren’t worried enough, warns Cole (Hacker Beware), former McAfee chief technology officer, in this sobering treatise. Despite the frequency of breaches, he writes, most people assume that they’ll never be targeted and that the applications they use are secure; neither is true. He urges readers to assume that cybertheft is happening and to put precautions in place to protect themselves, their family, and their business. He gives advice on how business owners can best ensure security, providing a list of questions an organization’s IT team needs to be able to answer (“is our critical data encrypted?”), urging businesses to ensure security teams are involved in contract-signing because “almost all contracts today involve data-storage security,” and outlining the dangers of cloud storage.

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Disclosures: None.

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