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REWRITING THE RULES OF THE EUROPEAN ECONOMY

AN AGENDA FOR GROWTH AND SHARED PROSPERITY

A provocative and accessible case for making the EU stronger rather than allowing it to disintegrate.

Nobel Prize–winning economist Stiglitz (People, Power, and Profits: Progressive Capitalism for an Age of Discontent, 2019, etc.) turns a gimlet eye on the EU.

The Brexiteers may be wolves in sheep’s clothing, but they have a couple of points to make—e.g., the European economy is a tangled mess that defies explanation. A number of its key doctrines, writes the author, are mistaken and damaging. One is the “austerity doctrine,” which requires governments to keep deficits below 3% of GDP, an arbitrary number that doesn’t make sense. Another is a borrowing from the U.S. that the market knows best, when, “without strong government actions, competition will erode as firms create barriers to entry…and work hard to reduce competition through mergers and acquisitions.” Debt is, of course, a difficult issue to work around, and European economic leaders have seen it through the lens of moral hazard: “the risk that the debt mutualization will incentivize countries to become overindebted.” That may be, but something needs to give Europe a jolt, and it won’t be borrowing from American ideas, which often yield only monopoly and inequality. Stiglitz notes, approvingly, that India has low telecom rates because there is so much competition, forcing prices down, while in places like Mexico and the U.S., rates are high because competition is scarce or nonexistent. The author offers recipes for improvement, such as shoring up the European banking union in order to “prevent macroeconomic harms to the community” and balancing competing doctrines. Europe has fallen behind the U.S. and China in some realms of the economy because of its concern for individual privacy, which hampers the development of artificial intelligence. Most pointedly, the author encourages the EU to stick to its regard for institutional justice, fostering multilateral agreements rather than following the current U.S. administration’s “retreat from globalization and the global rule of law,” which has benefited no country so much as China.

A provocative and accessible case for making the EU stronger rather than allowing it to disintegrate.

Pub Date: Jan. 28, 2020

ISBN: 978-0-39-335563-5

Page Count: 208

Publisher: Norton

Review Posted Online: Oct. 13, 2019

Kirkus Reviews Issue: Nov. 1, 2019

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A PEOPLE'S HISTORY OF THE UNITED STATES

For Howard Zinn, long-time civil rights and anti-war activist, history and ideology have a lot in common. Since he thinks that everything is in someone's interest, the historian—Zinn posits—has to figure out whose interests he or she is defining/defending/reconstructing (hence one of his previous books, The Politics of History). Zinn has no doubts about where he stands in this "people's history": "it is a history disrespectful of governments and respectful of people's movements of resistance." So what we get here, instead of the usual survey of wars, presidents, and institutions, is a survey of the usual rebellions, strikes, and protest movements. Zinn starts out by depicting the arrival of Columbus in North America from the standpoint of the Indians (which amounts to their standpoint as constructed from the observations of the Europeans); and, after easily establishing the cultural disharmony that ensued, he goes on to the importation of slaves into the colonies. Add the laborers and indentured servants that followed, plus women and later immigrants, and you have Zinn's amorphous constituency. To hear Zinn tell it, all anyone did in America at any time was to oppress or be oppressed; and so he obscures as much as his hated mainstream historical foes do—only in Zinn's case there is that absurd presumption that virtually everything that came to pass was the work of ruling-class planning: this amounts to one great indictment for conspiracy. Despite surface similarities, this is not a social history, since we get no sense of the fabric of life. Instead of negating the one-sided histories he detests, Zinn has merely reversed the image; the distortion remains.

Pub Date: Jan. 1, 1979

ISBN: 0061965588

Page Count: 772

Publisher: Harper & Row

Review Posted Online: May 26, 2012

Kirkus Reviews Issue: Jan. 1, 1979

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WHEN BREATH BECOMES AIR

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...

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A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.

Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.

Pub Date: Jan. 19, 2016

ISBN: 978-0-8129-8840-6

Page Count: 248

Publisher: Random House

Review Posted Online: Sept. 29, 2015

Kirkus Reviews Issue: Oct. 15, 2015

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