Book Bits: Six More For The Investor's Bookshelf

 

● Moving to Higher Ground: Rising Sea Level and the Path Forward
John Englander
Excerpt via GreenBiz.com
There are other projections for worst-case sea level rise, higher than the [Intergovernmental Panel on Climate Change]’s. Recent studies from 2017 to 2019 by the U.S. government, the British government, California and New York state are all looking at high-end scenarios of 8 to 10 feet for SLR this century. They are able to change their protocols more easily than the huge international IPCC. Still, they are unable to answer the question of the probability of such a worst case. That comes back to the unpredictability of the rate of warming in the coming decades and the mysteries of glacial collapse.

 

● Rebellion, Rascals, and Revenue: Tax Follies and Wisdom through the Ages
Michael Keen
Summary via publisher (Princeton U. Press)
Governments have always struggled to tax in ways that are effective and tolerably fair. Sometimes they fail grotesquely, as when, in 1898, the British ignited a rebellion in Sierra Leone by imposing a tax on huts—and, in repressing it, ended up burning the very huts they intended to tax. Sometimes they succeed astonishingly, as when, in eighteenth-century Britain, a cut in the tax on tea massively increased revenue. In this entertaining book, two leading authorities on taxation, Michael Keen and Joel Slemrod, provide a fascinating and informative tour through these and many other episodes in tax history, both preposterous and dramatic—from the plundering described by Herodotus and an Incan tax payable in lice to the (misremembered) Boston Tea Party and the scandals of the Panama Papers.

● Crisis and Inequality: The Political Economy of Advanced Capitalism
Mattias Vermeiren
Summary via publisher (Polity)
Spiralling inequality since the 1970s and the global financial crisis of 2008 have been the two most important challenges to democratic capitalism since the Great Depression. To understand the political economy of contemporary Europe and America we must, therefore, put inequality and crisis at the heart of the picture.In this innovative new textbook Mattias Vermeiren does just this, demonstrating that both the global financial crisis and the European sovereign debt crisis resulted from a mutually reinforcing but ultimately unsustainable relationship between countries with debt-led and export-led growth models, models fundamentally shaped by soaring income and wealth inequality.

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Disclosures: None.

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