Books of the Year
Economics and business
The Big Short: Inside the Doomsday Machine. By Michael Lewis. Norton; 266 pages; $27.95. Allen Lane; £25 The author of a 1989 bestseller, “Liar’s Poker”, exposes the greed and double-dealing that helped ignite the financial meltdown. One of the best books on the recent crisis.
More Money Than God: Hedge Funds and the Making of the New Elite. By Sebastian Mallaby. Penguin Press; 482 pages; $29.95. Bloomsbury; £25 A superbly researched history of hedge-fund heroes stretching back to the 1950s and a fascinating tale of the contrarian and cerebral misfits who created successful, flexible businesses in an otherwise conventional financial world, by a Washington-based British journalist who is married to our economics editor.
High Financier: The Lives and Time of Siegmund Warburg. By Niall Ferguson. Penguin Press; 548 pages; $35. Allen Lane; £30 The story of the scrappy refugee from Hitler’s Germany who changed the City and did more than most to boost London’s standing, although his own firm lost its way and fell to a foreign rival after his death. The author is a British economic historian who teaches at Harvard and the London School of Economics.
Science and technology
Where Good Ideas Come From: The Natural History of Innovation. By Steven Johnson. Riverhead; 326 pages; $26.95. Allen Lane; £20 In a crowded field, Steven Johnson, an American popular-science writer, finds new and original things to say about the nature of innovation, and the different forms it can take.
What Technology Wants. By Kevin Kelly. Viking; 416 pages; $27.95 A book that provides a new understanding of innovation, proving it to be more gradual, serendipitous, inevitable and evolutionary than we have hitherto given it credit for.
Of these five, I have presented The Big Short to a private client, and Where Good Ideas Come From just this morning at the First Friday Book Synopsis for December.
(You will soon be able to purchase my synopsis of both of these books, with handout + audio, at our companion web site, 15minutebusinessbooks.com.