Want to know what books Anatole Kaletsky recommends on their reading list? We've researched interviews, social media posts, podcasts, and articles to build a comprehensive list of Anatole Kaletsky's favorite book recommendations of all time.
1
In the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality. The problem, Roman Frydman and Michael Goldberg argue, is that both the rational and behavioral theories of the market rest on the same fatal assumption--that markets act mechanically and economic change is fully predictable. In Beyond Mechanical Markets, Frydman and Goldberg show how the failure to abandon this assumption hinders our understanding of how markets work, why price swings help allocate capital to worthy companies, and... more In the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality. The problem, Roman Frydman and Michael Goldberg argue, is that both the rational and behavioral theories of the market rest on the same fatal assumption--that markets act mechanically and economic change is fully predictable. In Beyond Mechanical Markets, Frydman and Goldberg show how the failure to abandon this assumption hinders our understanding of how markets work, why price swings help allocate capital to worthy companies, and what role government can and can't play.
The financial crisis, Frydman and Goldberg argue, was made more likely, if not inevitable, by contemporary economic theory, yet its core tenets remain unchanged today. In response, the authors show how imperfect knowledge economics, an approach they pioneered, provides a better understanding of markets and the financial crisis. Frydman and Goldberg deliver a withering critique of the widely accepted view that the boom in equity prices that ended in 2007 was a bubble fueled by herd psychology. They argue, instead, that price swings are driven by individuals' ever-imperfect interpretations of the significance of economic fundamentals for future prices and risk. Because swings are at the heart of a dynamic economy, reforms should aim only to curb their excesses.
Showing why we are being dangerously led astray by thinking of markets as predictably rational or irrational, Beyond Mechanical Markets presents a powerful challenge to conventional economic wisdom that we can't afford to ignore. less 
Anatole KaletskyIt takes apart in a detailed and academic way the economic assumptions which are at the root of all the issues discussed by all the other authors I have picked. (Source)
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2
Taking inspiration from the heated discussions that preceded the birth of federal government in the United States, Larry Siedentop investigates what we can reasonably expect and what we have to fear from a united Europe. Despite the profound hostility between skeptics and proponents of a united Europe, the outlines of serious public debate have barely been sketched. While skeptics talk of national sovereignty and invoke the spirit of wartime resistance, Europhiles embrace the idealism of eurozones and sound economic management.
Larry Siedentop examines whether representative... more Taking inspiration from the heated discussions that preceded the birth of federal government in the United States, Larry Siedentop investigates what we can reasonably expect and what we have to fear from a united Europe. Despite the profound hostility between skeptics and proponents of a united Europe, the outlines of serious public debate have barely been sketched. While skeptics talk of national sovereignty and invoke the spirit of wartime resistance, Europhiles embrace the idealism of eurozones and sound economic management.
Larry Siedentop examines whether representative government is feasible across the vast physical scale and human diversity of Europe. He explores the threat to local autonomy and individual freedom, and he anatomizes the widely different political cultures of Britain, France, and Germany. He balances throughout an understanding of the great theorists of supranational government, especially Montesquieu and De Tocqueville, with a deep, though critical, appreciation of contemporary Europe. Siedentop argues that it is only on a publicly discussed and commonly agreed upon constitution that one can hope to build a democratic Europe equal to the pressures it will have to withstand. less Anatole KaletskyOn the one hand it’s very relevant to what is going on in Europe right now, and on the other it illustrates the need to create new systems. (Source)
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3
Capitalism faltered at the end of the 1990s as corporations were rocked by fraud, the stock-market bubble burst and the American business model – unfettered self-interest, privatization and low tax – faced a storm of protest. But what are the alternatives to the mantras of market fundamentalism?
Leading economist John Kay unravels the truth about markets, from Wall Street to Switzerland, from Russia to Mumbai, examining why some nations are rich and some poor, why ‘one-size-fits-all’ globalization hurts developing countries and why markets can work – but only in a humane social and... more Capitalism faltered at the end of the 1990s as corporations were rocked by fraud, the stock-market bubble burst and the American business model – unfettered self-interest, privatization and low tax – faced a storm of protest. But what are the alternatives to the mantras of market fundamentalism?
Leading economist John Kay unravels the truth about markets, from Wall Street to Switzerland, from Russia to Mumbai, examining why some nations are rich and some poor, why ‘one-size-fits-all’ globalization hurts developing countries and why markets can work – but only in a humane social and cultural context. His answers offer a radical new blueprint for the future. less 
Tim HarfordJohn Kay has written many books but this one feels, to me, like his masterpiece. (Source)
Anatole KaletskyI think it’s a very profound book of permanent truths about markets. It’s not just about the dotcom bubble in 2000, which prompted Kay to write it. (Source)
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4
The Company of Strangers shows us the remarkable strangeness, and fragility, of our everyday lives. This completely revised and updated edition includes a new chapter analyzing how the rise and fall of social trust explain the unsustainable boom in the global economy over the past decade and the financial crisis that succeeded it.
Drawing on insights from biology, anthropology, history, psychology, and literature, Paul Seabright explores how our evolved ability of abstract reasoning has allowed institutions like money, markets, cities, and the banking system to... more The Company of Strangers shows us the remarkable strangeness, and fragility, of our everyday lives. This completely revised and updated edition includes a new chapter analyzing how the rise and fall of social trust explain the unsustainable boom in the global economy over the past decade and the financial crisis that succeeded it.
Drawing on insights from biology, anthropology, history, psychology, and literature, Paul Seabright explores how our evolved ability of abstract reasoning has allowed institutions like money, markets, cities, and the banking system to provide the foundations of social trust that we need in our everyday lives. Even the simple acts of buying food and clothing depend on an astonishing web of interaction that spans the globe. How did humans develop the ability to trust total strangers with providing our most basic needs?
-- "Guardian" less 
Diane CoyleThis book is about how the division of labour has become so extensive that everything we do in the economy means that we’re tightly connected to a huge number of other people. (Source)
Anatole KaletskySeabright raises the question of how the biological drive to compete can coexist with the co-operation that makes competitive societies successful. (Source)
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