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This is an auto-narrated audiobook version of this book.

A new framework for studying markets as the product of organizational planning and understanding the practical limits of market design.
 
The Western energy crisis was one of the great financial disasters of the past century. The crisis began in April 2000, when price spikes started to rattle California’s electricity markets. Decades later, some blame economic fundamentals and ignorant politicians, while others accuse the energy sellers who raided the markets. In Failure by Design, sociologist Georg Rilinger offers a different explanation, one that focuses on the practical challenges of market design. The unique physical attributes of electricity made it exceedingly difficult to introduce markets into the coordination of the electricity system, so market designers were brought in to construct the infrastructures that coordinate how market participants interact. An exercise in social engineering, these infrastructures were intended to guide market actors toward behavior that would produce optimal market results and facilitate grid management. Yet, though these experts spent their days worrying about incentive misalignment and market manipulation, they unintentionally created a system riddled with opportunities for destructive behavior. Rilinger’s analysis not only illuminates the California energy crisis but also develops a broader theoretical framework for thinking about markets as the products of organizational planning and the limits of social engineering, contributing broadly to sociological and economic thinking about the nature of markets.

 

This is an auto-narrated audiobook version of this book.

A deeply relevant look at what fascism means to Americans.

From the time Mussolini took power in Italy in 1922, Americans have been obsessed with and brooded over the meaning of fascism and how it might migrate to the United States. Fascism Comes to America examines how we have viewed fascism overseas and its implications for our own country. Bruce Kuklick explores the rhetoric of politicians, who have used the language of fascism to smear opponents, and he looks at the discussions of pundits, the analyses of academics, and the displays of fascism in popular culture, including fiction, radio, TV, theater, and film. Kuklick argues that fascism has little informational meaning in the United States, but instead, it is used to denigrate or insult. For example, every political position has been besmirched as fascist. As a result, the term does not describe a phenomenon so much as it denounces what one does not like. Finally, in displaying fascism for most Americans, entertainment—and most importantly film—has been crucial in conveying to citizens what fascism is about. Fascism Comes to America has been enhanced by many illustrations that exhibit how fascism was absorbed into the US public consciousness.  

This is an auto-narrated audiobook version of this book.

A fascinating historical account of a largely forgotten statesman, who pioneered a form of patriotism that left an indelible mark on the early United States.

Joel Roberts Poinsett’s (1779–1851) brand of self-interested patriotism illuminates the paradoxes of the antebellum United States.  He was a South Carolina investor and enslaver, a confidant of Andrew Jackson, and a secret agent in South America who fought surreptitiously in Chile’s War for Independence. He was an ambitious Congressman and Secretary of War who oversaw the ignominy of the Trail of Tears and orchestrated America’s longest and costliest war against Native Americans, yet also helped found the Smithsonian. In addition, he was a naturalist, after whom the poinsettia—which he appropriated while he was serving as the first US ambassador to Mexico—is now named.
 
As Lindsay Schakenbach Regele shows in Flowers, Guns, and Money, Poinsett personified a type of patriotism that emerged following the American Revolution, one in which statesmen served the nation by serving themselves, securing economic prosperity and military security while often prioritizing their own ambitions and financial interests. Whether waging war, opposing states’ rights yet supporting slavery, or pushing for agricultural and infrastructural improvements in his native South Carolina, Poinsett consistently acted in his own self-interest. By examining the man and his actions, Schakenbach Regele reveals an America defined by opportunity and violence, freedom and slavery, and nationalism and self-interest.