Friday, November 9, 2018

This year's three best business books on economics provide an occasion to look back at the 10 years since the onset of the global financial crisis. In The Value of Everything: Making and Taking in the Global Economy, Mariana Mazzucato establishes the intellectual roots of our current age of financialization and questions the way we account for value in the modern economy. The Fate of Rome: Climate, Disease, and the End of an Empire, by historian Kyle Parker, provides a compelling narrative of the fall of the Roman Empire and is a remarkably timely book for those hoping to understand the present moment. Adam Tooze's Crashed: How a Decade of Financial Crises Changed the World, the best of this year's crop, documents in intense detail the interconnected crises that hit first the United States, and then Europe. Taken together, these volumes remind us just how much of modern prosperity is built on a set of wildly complex and occasionally fragile interdependencies.

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