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Gómez-Mejía A: ADAM SMITH REVISITED

ADAM SMITH REVISITED

250 YEARS OF IDEAS VS. REALITY

Evidence over Ideology: Thomas Sowell's Intellectual LegacyEconomist and social theorist Thomas Sowell has shaped how millions think about markets, culture, and public policy through bestselling books, syndicated columns, and viral videos that have reached new generations.This collection brings together leading scholars--Steven Pinker, Condoleezza Rice, Niall Ferguson, John H. Cochrane, Glenn C. Loury, Roland G. Fryer Jr., and others--to honor Sowell's extraordinary career spanning six decades and more than 40 books.These essays don't just celebrate--they extend and challenge Sowell's ideas with fresh research and contemporary analysis, applying his core insights to today's most pressing questions: <ul><li>Culture and Economics: Glenn C. Loury and Roland G. Fryer Jr. explore how cultural forces shape economic outcomes, testing Sowell's claims about the relationships between norms, institutions, and inequality.</li><li>Migration and Ethnicity: Nancy Qian follows Sowell's tracks to analyze how immigrant communities develop economically, examining cultural transmission across generations.</li><li>Developing Economies: Paola Sapienza applies Sowell's framework to contemporary challenges in Vietnam and other developing nations, examining state-owned enterprises, industrial policy, and the knowledge problem in centralized planning.</li><li>Education and Human Development: Eric A. Hanushek and Margaret E. Raymond apply Sowell's framework to debates about school choice, charter schools, and what drives student achievement.</li><li>Knowledge and Public Policy: Steven Pinker and others examine the limits of expertise and how incentive structures shape decision-making in government and institutions.</li><li>Late-Talking Children: Stephen Camarata examines how Sowell challenged medical orthodoxy through personal research on bright children who talk late, questioning expert consensus even beyond economics.</li></ul>Sowell has made an impact by following evidence wherever it leads--regardless of inconvenient truths. This volume shows why his analytical approach remains essential to policy professionals, scholars, and anyone questioning conventional wisdom about inequality, education, and government intervention.

Ideas, Impact, and Intellectual Freedom

The Sowell Legacy

The global market in money – housed in the offshore ‘shadow’ banking system – holds $217 trillion in financial assets and operates beyond the reach of any nation’s taxman. Asset managers, private equity firms, and pension and sovereign wealth funds scoop up the world’s savings for investment and manage them as they choose, unaccountable to politicians or the citizens who elect them. In this brilliant, accessible and incisive introduction to the murky world of glo­balized finance, Ann Pettifor links the activities of remote mobile financial markets to both the cost-of-living and climate crises. In an insane global casino, bankers are gambling with our future. When we foot the bill, no one but a few economists understands what has happened. The result is volatile, unpre­dictable and uncontrollable speculation in global commodities, pension, energy, and housing. Pettifor argues that societies and gov­ernments can take back control of the global financial system. We have done it before and can do it again. Indeed, it is imperative that we do so if we are to manage the twin threats of climate breakdown and biosphere collapse.

How Wall Street Gambles with People and the Planet

The Global Casino

ACC Art Books

In this book are distinctive photos taken in about 21 countries participating in the BRI (Belt and Road Initiative), covering 50 regions and a distance of over 267,000 kilometers the author visited from early 2023 to late 2025. China, nearly half a century after economic transformation and development, is changing not just itself, but the world around it. The BRI (Belt and Road Initiative, a global infrastructure and economic development program initiated by the Chinese government) promises investments in countries along the ancient overland trading routes between China and the West, with maritime arcs around Southeast Asia, the Indian subcontinent and the Arabian peninsula, down the eastern coast of Africa and through the Mediterranean. These distinctive images from 21 countries participating in China's BRI (Belt and Road Initiative) are taken by Pulitzer Prize-winning photographer Liu Heung Shing, described by Newsweek as “the Henri Cartier-Bresson of China”. Unfolding across Asia, Central Asia, Latin America, the Middle East and Africa, the book covers a distance of over 267,000 kilometres, documented from early 2023 to late 2025. A compelling new perspective on the reality of China today.

China Builds a Different World : A Journey by Liu Heung Shing

Old Road New Connections

Digital Dynamics, Modern Business Concepts and Cases

Global Strategy in the Service Industries

A dazzling exploration of the phenomenon of prediction betting markets that asks: what happens when democracy becomes another commodity? For many, Donald Trump's decisive election victory over Kamala Harris in 2024 was a shock. Traditional polls had the race on a razor's edge. But, for those with eyes on prediction betting markets, a very different story was being told. In recent years, prediction markets have swept the world, fundamentally changing the nature of the gambling market, and making their youthful pioneers billionaires. Posed as binary 'Yes/No' questions about future events, prediction bets allow any difference of opinion - whether on politics, wars, assassinations or popular culture - to be financialised. But are these markets really a new phenomenon? What does it mean when markets get closer to the truth than the institutions we built to protect us? And what happens when those tasked with safeguarding democracy possess financial stakes in its volatility? From Renaissance Rome, where merchants wagered on papal conclaves, through London coffee house gossip during the Napoleonic Wars, to the Pentagon's ill-fated terrorism futures exchange, The Big Bet describes the full five-hundred-year arc of a permissive regime which no one designed and no one voted for. Drawing on deep expertise, Michael Auerbach examines how these markets are changing our world, and what they mean for the future of our democratic self-governance. Because they are not an anomaly - they are the logical endpoint of a society that has applied market capitalism to every aspect of life. And in a world when everything is a wager and nothing is off limits, knowing where the chips will fall matters more than ever.

Prediction Markets and the Future of Democracy

The Big Bet

At the heart of the public-private partnership within global capitalism, how states use debt to enrich finance while impoverishing the rest of us. This is how the financial system actually works: public debt becomes the engine of private wealth, and the more countries borrow, the richer Wall Street gets. Marx called it the enchanter's wand. In this book, economist Ramaa Vasudevan, reveals this hidden architecture: how finance, empire, and geopolitics interlock. How public debt mediates and enforces financial power both domestically and internationally. How debt creates order for some and chaos for others—and how this system is designed to do exactly that.

The Volatile Partnership at the Heart of Global Finance

The Enchanter's Wand

How One Industry Is Wrecking Businesses, Harming Consumers and Undermining the World's Financial Markets

The Pirates of Private Equity

How apprenticeship shaped the English economy Apprenticeship dominated training and skill formation in early modern Europe. Years spent learning from a skilled master were a nearly universal experience for young workers in crafts and trade. In England, when apprenticeship reached its peak, as many as a third of all teenage males would serve and learn as apprentices. In The Market for Skill, Patrick Wallis shows how apprenticeship helped reshape the English economy. Some historians see apprenticeship as a key ingredient in the industrial revolution; others agree with Adam Smith in seeing it as wasteful and conservative. Wallis shows that neither of these perspectives is entirely accurate. He offers a new account of apprenticeship and the market for skill in England, analyzing the records of hundreds of thousands of individual apprentices to tell the story of how apprenticeship worked and how it contributed to the transformation of England. Wallis details the activities of apprentices and masters, the strategies of ambitious parents, the interventions of guilds and the decisions of town officials. He shows how the system of early modern apprenticeship contributed to the growth of cities, the movement of workers from farms to manufacturing and the spread of new technologies and productive knowledge. In this groundbreaking study, Wallis argues that apprenticeship succeeded precisely because it was a flexible institution which allowed apprentices to change their minds and exit contracts early. Apprenticeship provided a vital channel for training that families could trust and that was accessible to most young people, whatever their background.

Apprenticeship and Economic Growth in Early Modern England

The Market for Skill

Routledge Frontiers of Political Economy

The Political Economy of Financial Capitalism

Marx and Financialisation

From the author of A People's Guide to Capitalism, a clear-eyed look at cryptocurrencies from the left, cutting through the glitz and the scams to reveal how crypto mirrors and exacerbates the crises of capitalism. 
 
Cryptocurrencies have gone from being fringe investments relevant only to hardcore adherents to a $3.7 trillion industry with a direct line to Donald Trump's White House. The promises of crypto are wide-ranging, preying on a basic reality: people are disaffected by an economic and financial system that has excluded them and wonder if cryptocurrencies can offer a more transparent and inclusive alternative. 
 
Challenge any of these notions, or raise concerns about crypto's associations with money laundering, the speculative bubbles ballooning around these assets, or the disastrous climate implications of the technology behind crypto, and you'll be told by proselytizers that you simply don't understand. That complexity is often intentional, serving as a shield from critical scrutiny. 
 
Enter Crypto-Capitalism, Hadas Thier's deft, accessible examination of the rise and fall and rise again of crypto. Drawing on years of reporting on the industry, its insiders, and the ordinary people impacted by its wild peaks and busts, Thier explains how cryptocurrencies work, elucidates the context and implications of their rise, and debunks the utopian mythology that animates their boosters. 
 
By showing that systemic exploitation and domination are inherent in a crisis-ridden capitalist economy and are matters of class power, not technology, Thier convincingly cuts through the froth and the lies of financial dystopia. Along the way, she opens up alternative avenues for imagining what economic democracy could actually look like.

The New Financial Dystopia

Crypto-Capitalism

A history of the technology of supply-chain management from punch cards to neural nets, and how the ambiguity built into that technology helps companies and exploits workersSeeing Like a Supply Chain is a compelling investigation into the hidden networks that drive our global economy. Miriam Posner presents a blow-by-blow account of the technology of supply-chain management from punch cards to neural nets, revealing how the system's built-in ambiguity shields companies from accountability while exploiting workers.Drawing on more than a decade of research, Posner shows how computation converged with the growth of global trade to allow for a lightning-quick, astoundingly efficient supply chain that lets corporations source products without any notion of where their goods are actually being produced. At a time when multinational firms fear the reputational damage of human rights violations in the making of their products, the supply chain's shroud of vagueness is a feature, not a bug. Posner shows how this is technically accomplished-and how the strategic disavowal of information extends through every step of that chain.

The Hidden Life of Logistics

Seeing Like a Supply Chain

The Brutally Honest Case for Free Markets

Unbeatable

ADAM SMITH REVISITED

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