DS News

14 GOOD READS EXPAND YOUR SKILLS, GAIN INSIGHT, AND GET INSPIRED WITH THESE TOP PICKS. Ending Big Government: The Essential Case for Capitalism and Freedom By Michael Dahlen Statism is a system in which the government gains power at the expense of individual freedom and uses its power to redistribute wealth. By constrast, laissez-faire capitalism, which is the system of limited government, is the system of political and economic freedom and has lifted more people out of poverty than any other system—yet the free market is regularly criticized as impractical and prone to crises, depressions, and coercive monopolies. Dahlen dispels the myths about a laissez- faire capitalist system, building the case that it is practical, moral, and superior to statism in that it is the only system that recognizes each individual's inalienable right to his or her own life. Why Minsky Matters: An Introduction to the Work of a Maverick Economist By L. Randall Wray Why Minsky Matters makes the valuable insights of maverick economist Hyman P. Minsky (1919-96) available to the general public for the first time. While a few economists saw signs of trouble that would eventually become the Great Recession as early as 2000, Minsky began sounding warnings a half century earlier. Minsky's writings set out a compelling theory of financial instability, yet his ideas remain largely outside the mainstream even today. Minsky's most important idea is that "stability is destabilizing" to the degree that the economy achieves what looks like robust growth but is actually setting up conditions that make a crash likely. e book will help readers understand why economic crises are happening more—and what can be done to prevent them. 7 Paths to Managerial Leadership: Doing Well by Doing It Right By Fred Mackenzie Since managers directly influence staff engagement, retention, and many performance factors in between, the case could be made that the most important relationships in the workplace are between a manager and his/her subordinates. 7 Paths to Managerial Leadership was written expressly for middle managers and offers seven simple paths to create an effective relationship between managers and their staff. e principles covered in the book have been evaluated and fine-tuned over several decades. Management consultant Fred Mackenzie provides a number of tools, including a manager's checklist, action plans for each path, and a guide to help managers identify their leadership style along with its benefits and shortcomings— and what they can do to build on it. America's Bank: The Epic Struggle to Create the Federal Reserve By Roger Lowenstein America's modern central bank, the Federal Reserve, is the bedrock of the financial landscape and a global and financial power. In America's Bank, acclaimed financial journalist and bestselling author Roger Lowenstein tells the drama-laden story of the protracted and divisive fight to create the Federal Reserve. e book focuses on the four men that were at the heart of the struggle to create the Fed: German-born financier Paul Warburg, powerful Republican Senator Nelson Aldrich, House Banking Committee Chairman Carter Glass, and President Woodrow Wilson, who forced Glass to accept the principle of federal control. e book provides a gripping historical narrative that makes readers wonder whether they are reading about 100 years ago or the same conflicts that mark discussions about the banking system and politics today.

• Cover