How much of a say do we have in our own sexuality? More than is commonly assumed, Richard Posner asserts in this intellectually sweeping and compulsively readable account of sexuality and its social control. While acknowledging that sexual drives and orientations are formed in a fundamentally biological matrix, Posner contends that they are also subject to self-interested choice constrained by perceived costs and benefits. With this approach, he explores numerous puzzles presented by sexual history. Why, for instance, are "macho" cultures generally more tolerant of sexual deviance than their otherwise more sexually liberal Anglo-Saxon counterparts? Why were women in Victorian England less free sexually than women a century earlier? Why might the AIDS epidemic have reduced the ratio of illegitimate to legitimate births? Why is marital rape increasingly criminalized? Economics provides Sex and Reason with its unifying perspective, but Posner also draws heavily on biology, law, psychology, anthropology, history, philosophy, sociology, theology, and women's studies. The scope of his analysis is broad, ranging from ancient Greece to modern Sweden, from African tribal societies to the American Catholic priesthood, from Islamic sexual regulation to the sexual jurisprudence of the U.S. Supreme Court, from polygamy and homosexuality to abortion, surrogate motherhood, and pornography. In all these areas, Posner argues, the rational choice approach can illuminate temporal and cultural variance in sexual norms and practices and point the way to enlightened reform. A widely respected judge and legal scholar, Posner seeks to dispel the clouds of ignorance, prejudice, shame, and hypocrisy that befog the public discussion of sex. His effort is especially timely, coming as it does at a juncture when the American legal system is strained to its limits by such phenomena as the AIDS epidemic, the abortion controversy, the homosexual rights movement, battles over the federal funding of erotic art, and growing attention to sexual harassment and abuse. Lucid, informative, eclectic, and nontechnical, Sex and Reason offers a fresh approach to issues that fascinate, perplex, and ultimately shape society in its most private moments and public gestures

"The financial and economic crisis that began in 2008 is the most alarming of our lifetime because of the warp-speed at which it is occurring. How could it have happened, especially after all that we've learned from the Great Depression? Why wasn't it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reader with macroeconomics or the theory of finance is presupposed. This is a book for intelligent generalists that will interest specialists as well. Among the facts and causes Posner identifies are: excess savings flowing in from Asia and the reckless lowering of interest rates by the Federal Reserve Board; the relation between executive compensation, short-term profit goals, and risky lending; the housing bubble fueled by low interest rates, aggressive mortgage marketing, and loose regulations; the low savings rate of American people; and the highly leveraged balance sheets of large financial institutions. Posner analyzes the two basic remedial approaches to the crisis, which correspond to the two theories of the cause of the Great Depression: the monetarist-that the Federal Reserve Board allowed the money supply to shrink, thus failing to prevent a disastrous deflation-and the Keynesian-that the depression was the product of a credit binge in the 1920's, a stock-market crash, and the ensuing downward spiral in economic activity. Posner concludes that the pendulum swung too far and that our financial markets need to be more heavily regulated".-- Provided by the publisher.

Following his timely and well-received A Failure of Capitalism , Richard Posner steps back to take a longer view of the continuing crisis of democratic capitalism as the American and world economies crawl gradually back from the depths to which they had fallen in the autumn of 2008 and the winter of 2009. By means of a lucid narrative of the crisis and a series of analytical chapters pinpointing critical issues of economic collapse and gradual recovery, Posner helps non-technical readers understand business-cycle and financial economics, and financial and governmental institutions, practices, and transactions, while maintaining a neutrality impossible for persons professionally committed to one theory or another. He calls for fresh thinking about the business cycle that would build on the original ideas of Keynes. Central to these ideas is that of uncertainty as opposed to risk. Risk can be quantified and measured. Uncertainty cannot, and in this lies the inherent instability of a capitalist economy. As we emerge from the financial earthquake, a deficit aftershock rumbles. It is in reference to that potential aftershock, as well as to the government’s stumbling efforts at financial regulatory reform, that Posner raises the question of the adequacy of our democratic institutions to the economic challenges heightened by the greatest economic crisis since the Great Depression. The crisis and the government’s energetic response to it have enormously increased the national debt at the same time that structural defects in the American political system may make it impossible to pay down the debt by any means other than inflation or devaluation.