An engaging and accessible examination of what ails insurance markets—and what to do about it—by three leading economistsWhy is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unlike the market for other goods and services—for instance, a grocer who doesn't care who buys the store's broccoli or carrots—insurance providers are more careful in c...

From a MacArthur Genius MIT economist and pre-eminent Stanford economist comes a lively and provocative proposal for American health insurance reformFew of us need convincing that the American health insurance system needs reform. But many of the existing proposals focus on expanding one relatively successful piece of the system or building in piecemeal additions. These proposals miss the point.As the Stanford health economist Liran Einav and the MIT econom...

An engaging and accessible examination of what ails insurance markets—and what to do about it—by three leading economistsWhy is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unlike the market for other goods and services—for instance, a grocer who doesn’t care who buys their broccoli or carrots—insurance providers are more ...

From a MacArthur Genius MIT economist and pre-eminent Stanford economist comes a lively and provocative proposal for American health insurance reformFew of us need convincing that the American health insurance system needs reform. But many of the existing proposals focus on expanding one relatively successful piece of the system or building in piecemeal additions. These proposals miss the point.As the Stanford health economist Liran Einav and the MIT econom...

Why the free-market system encourages so much trickery even as it creates so much goodEver since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools, Nobel Prize–winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, se...

**THE NEW YORK TIMES BESTSELLER"Few people can communicate how the economy actually works better than Kyla Scanlon." -Morgan Housel, author of The Psychology of Money**The stuff you really need to know about how the economy works? It's pretty simple. Yes, even if you were bored to tears in economics class, or if you're cross-eyed from reading painfully convoluted-or straight-up misguided-financial commentary. In this particularly disorienting era, Kyla Sca...

THE NEW YORK TIMES BESTSELLERONE OF BARACK OBAMA'S FAVOURITE BOOKS OF 2023A searing study of American poverty from the Pulitzer Prize-winning author of EvictedThe United States is the richest country on earth, yet has more poverty than any other advanced democracy. One in seven Americans live below the poverty line, a line which hasn't shifted over the last fifty years, despite the efforts of succes...

How America went bankrupt and how we can save ourselves—as a country and as individuals—from economic disaster.The United States is bankrupt, flat broke. Thanks to accounting that would make Enron blush, America's insolvency goes far beyond what our leaders are disclosing. The United States is a fiscal basket case, in worse shape than the notoriously bailed-out countries of Greece, Ireland, and others. How did this happen? InThe Clash of Generations, exper...

A New York Times BestsellerA Wall Street Journal BestsellerA New York Times Notable Book of 2020A New York Times Book Review Editors’ ChoiceShortlisted for the Financial Times and McKinsey Business Book of the YearA New Statesman Book to ReadFrom economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America...

The rules for investing have changed. Don’t get left behind. Reboot your approach with this timely guide from a wealth management powerhouse.It’s not hard to grasp why we need to change the way we think about investing. Over the past twenty-five years, new developments in world affairs, demographics, technology, and more have disrupted the old reality—and these changes directly affect the financial markets and your individual portfolio. Stock picki...

Dream Hoarders sparked a national conversation on the dangerous separation between the upper middle class and everyone else. Now in paperback and newly updated for the age of Trump, Brookings Institution senior fellow Richard Reeves is continuing to challenge the class system in America.In America, everyone knows that the top 1 percent are the villains. The rest of us, the 99 percent-we are the good guys. Not so, argues Reeves. The real class divide is not between the upper...

A “must-read” (Booklist) from Harvard Business School Professor and Codirector of the Harvard Kennedy School’s Center for Public Leadership: A guide to making better decisions, noticing important information in the world around you, and improving leadership skills.Imagine your advantage in negotiations, decision-making, and leadership if you could teach yourself to see and evaluate information that others overlook. The Power of Noticing provides t...