Book Bits: Six New Books And One New Edition

● The Money Plot: A History of Currency’s Power to Enchant, Control, and Manipulate
Frederick Kaufman
Summary via publisher (Other Press)
Half fable, half manifesto, this brilliant new take on the ancient concept of cash lays bare its unparalleled capacity to empower and enthrall us.
Frederick Kaufman tackles the complex history of money, beginning with the earliest myths and wrapping up with Wall Street’s byzantine present-day doings. Along the way, he exposes a set of allegorical plots, stock characters, and stereotypical metaphors that have long been linked with money and commercial culture, from Melanesian trading rituals to the dogma of Medieval churchmen faced with global commerce, the rationales of Mercantilism and colonial expansion, and the U.S. dollar’s 1971 unpinning from gold.


● Post Corona: From Crisis to Opportunity
Scott Galloway
Q&A with author via GeekWire
Q: Where do you see Amazon going long term in healthcare? And is this a good thing for our economic and personal health?
A: I’ve been saying Amazon was going to be the fastest-growing healthcare company in the world for the last two years. And for me, it’s a pretty basic, or pretty easy prediction. Basically every CEO has to be able to convince investors their stock price has a good chance of doubling in five years. Otherwise, people go buy Zoom or Peloton or someone else. For Amazon to do that, even if they get operational leverage, they’re running into the law of big numbers, which means they probably have to add somewhere between $150 billion or a quarter of a trillion dollars in top-line revenue — add that — in the next five years. That helps us predict what businesses they are going into.



● Normalized Financial Wrongdoing: How Re-regulating Markets Created Risks and Fostered Inequality
Harland Prechel
Summary via publisher (Stanford U. Press)
In Normalized Financial Wrongdoing, Harland Prechel examines how social structural arrangements that extended corporate property rights and increased managerial control opened the door for misconduct and, ultimately, the 2008 financial crisis. Beginning his analysis with the financialization of the home-mortgage market in the 1930s, Prechel shows how pervasive these arrangements had become by the end of the century, when the bank and energy sectors developed political strategies to participate in financial markets.

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Disclosure: None.

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