Post-war American publishing has been ruthlessly transformed since André Schiffrin joined its ranks in 1956. Gone is a plethora of small but prestigious houses that often put ideas before profit in their publishing decisions, sometimes even deliberately. Now six behemoths share 80% of the market and profit margin is all. André Schiffrin can write about these changes with authority because he witnessed them from inside a conglomerate, as head of Pantheon, co-founded by his father, bought (and sold) by Random House. And he can write about them with candor because he is no longer on the inside, having quit corporate publishing in disgust to set up a flourishing independent house, The New Press. Schiffrin’s evident affection for his authors sparkles throughout a story woven around publishing the work of those such as Studs Terkel, Noam Chomsky, Gunnar Myrdal, George Kennan, Juliet Mitchell, R. D. Laing, Eric Hobsbawm and E.P.Thompson. Part-memoir, part-history, here is an account of the collapsing standards of contemporary publishing that is irascible, acute and passionate. An engaging counterpoint to recent, celebratory memoirs of the industry written by those with more stock options and fewer scruples than Schiffrin, The Business of Books warns of the danger to adventurous, intelligent publishing in the bullring of today’s marketplace.

Pulitzer Prize-winning economics journalist Steven Pearlstein argues that our thirty year experiment in unfettered markets has undermined core values required to make capitalism and democracy work. Thirty years ago, 'greed is good' and 'maximizing shareholder value' became the new mantras woven into the fabric of our business culture, economy, and politics. Although, around the world, free market capitalism has lifted more than a billion people from poverty, in the United States most of the benefits of economic growth have been captured by the richest 10%, along with providing justification for squeezing workers, cheating customers, avoiding taxes, and leaving communities in the lurch. As a result, Americans are losing faith that a free market economy is the best system. In Can American Capitalism Survive', Pulitzer Prize-winning journalist Steven Pearlstein chronicles our descent and challenges the theories being taught in business schools and exercised in boardrooms around the country. We're missing a key tenet of Adam Smith's wealth of nations: without trust and social capital, democratic capitalism cannot survive. Further, equality of incomes and opportunity need not come at the expense of economic growth. Pearlstein lays out bold steps we can take as a country: a guaranteed minimum income paired with universal national service, tax incentives for companies to share profits with workers, ending class segregation in public education, and restoring competition to markets. He provides a path forward that will create the shared prosperity that will sustain capitalism over the long term ; Thirty years ago, 'greed is good' and 'maximizing shareholder value' became the new mantras woven into the fabric of our business culture, economy, and politics. Pearlstein argues that our thirty year experiment in unfettered markets has undermined core values required to make capitalism and democracy work. He challenges the theories being taught in business schools and in boardrooms, believing that we're missing a key tenet of Adam Smith's wealth of nations: without trust and social capital, democratic capitalism cannot survive. -- adapted from jacket

In the past, government and business were as much partners as rivals, resulting in broad-based growth and healthy social development. But advocates of anti-government market fundamentalism are intent on scrapping the instrument of nearly a century of unprecedented economic and social progress. Hacker and Pierson examine why what's good for American business elites and what's good for Americans have become misaligned.

In 1904, New York nuns brought forty Irish orphans to a remote Arizona mining camp, to be placed with Catholic families. The Catholic families were Mexican, as was the majority of the population. Soon the town's Anglos, furious at this "interracial" transgression, formed a vigilante squad that kidnapped the children and nearly lynched the nuns and the local priest. The Catholic Church sued to get its wards back, but all the courts, including the U.S. Supreme Court, ruled in favor of the vigilantes. The Great Arizona Orphan Abduction tells this disturbing and dramatic tale to illuminate the creation of racial boundaries along the Mexican border. Clifton/Morenci, Arizona, was a "wild West" boomtown, where the mines and smelters pulled in thousands of Mexican immigrant workers. Racial walls hardened as the mines became big business and whiteness became a marker of superiority. These already volatile race and class relations produced passions that erupted in the "orphan incident." To the Anglos of Clifton/Morenci, placing a white child with a Mexican family was tantamount to child abuse, and they saw their kidnapping as a rescue. Women initiated both sides of this confrontation. Mexican women agreed to take in these orphans, both serving their church and asserting a maternal prerogative; Anglo women believed they had to "save" the orphans, and they organized a vigilante squad to do it. In retelling this nearly forgotten piece of American history, Linda Gordon brilliantly recreates and dissects the tangled intersection of family and racial values, in a gripping story that resonates with today's conflicts over the "best interests of the child."

This globe-spanning history of sugar is "an epic story on a broad canvas that never loses sight of individual moments of human drama; a historical methodology infused with political, intellectual, cultural, and social strands; a complex sequence of cause and effect; an illuminating synthesis of primary and secondary sources; and a thoughtful marriage of words, picture, and design." (Horn Book starred review) Here is the story of how one product allows us to see the grand currents of world history in new ways. Using songs, oral histories, maps, and over 80 archival illustrations, Marc Aronson and Marina Budhos put a human face on this vast pageant. Time line, source notes, bibliography, and index included. The history of sugar runs like a bright band from religious ceremonies in India to Europe's Middle Ages, then on to Columbus, who brought the first cane cuttings to the Americas. Sugar caused the loss of countless lives, but it also planted the seeds of revolution that led to freedom in the American colonies, Haiti, and France. Cane, not cotton or tobacco, drove the bloody Atlantic slave trade and took the lives of countless Africans who toiled on vast sugar plantations under cruel overseers. And yet the very popularity of sugar gave abolitionists in England the one tool that could finally end the slave trade. Sugar moved, murdered, and freed millions; sugar changed the world.

From Pulitzer Prize-winning Washington Post reporter Eli Saslow, a powerful portrait of a country grappling with the pandemic, told through voices of people from all across America The Covid-19 pandemic was a world-shattering event, affecting everyone in the nation. From its first ominous stirrings, renowned journalist Eli Saslow began interviewing a cross-section of Americans, capturing their experiences in real time: An exhausted and anguished EMT risking his life in New York City; a grocery store owner feeding his neighborhood for free in locked-down New Orleans; an overwhelmed coroner in Georgia; a Maryland restaurateur forced to close his family business after forty-six years; an Arizona teacher wrestling with her fears and her obligations to her students; rural citizens adamant that the whole thing is a hoax, and retail workers attacked for asking people to wear masks; patients struggling to breathe and doctors desperately trying to save them. Through Saslow's masterful, empathetic interviewing, we are given a kaleidoscopic picture of a people dealing with the unimaginable. These deeply personal accounts make for cathartic reading, as we see Americans at their worst, and at their resilient best.

"From the bestselling master espionage writer, hailed by Vince Flynn as "the best in the business," comes a riveting novel about the French Resistance in Nazi-occupied Paris. Paris, 1941. The City of Light, occupied by the Nazis, is dark and silent at night. Streetlamps are painted blue and apartment windows draped or shuttered in the blackout ordered by the Germans. But when the clouds part, the silvery moonlight defies authority, and so does a leader of the French Resistance, known as Mathieu. In Paris and in the farmhouses, barns, and churches of the French countryside, small groups of ordinary men and women are determined to take down the occupying forces of Adolf Hitler. Mathieu leads one such Resistance cell, helping downed British airmen escape back to England. This suspenseful, fast-paced thriller by the author whom Vince Flynn calls "the most talented espionage novelist of our generation" captures this dangerous time as no one ever has before. Alan Furst brings Paris and occupied France to life, along with courageous citizens who outmaneuver collaborators, informers, blackmailers, and spies, risking everything to fulfill perilous clandestine missions. Aiding Mathieu as part of his covert network are Lisette, a seventeen-year-old student and courier; Max de Lyon, an arms dealer turned nightclub owner; Chantal, a woman of class and confidence; Daniel, a Jewish teacher fueled by revenge; Joëlle, who falls in love with Mathieu; and Annemarie, a willful aristocrat with deep roots in France, and a desire to act. As the German military police heighten surveillance, Mathieu and his team face a new threat, dispatched by the Reich to destroy them all. Shot through with the author's trademark fine writing, breathtaking suspense, and intense scenes of seduction and passion, Alan Furst's A Hero of France is at once one of the finest novels written about the French Resistance and the most gripping novel yet by the living master of the spy thriller. Praise for Alan Furst "Furst never stops astounding me."--Tom Hanks "Suspenseful and sophisticated. No espionage author, it seems, is better at summoning the shifting moods and emotional atmosphere of Europe before the start of World War II than Alan Furst."--The Wall Street Journal "Though set in a specific place and time, Furst's books are like Chopin's nocturnes: timeless, transcendent, universal. One does not so much read them as fall under their spell."--Los Angeles Times "[Furst] remains at the top of his game."--The New York Times "A grandmaster of the historical espionage genre."--The Boston Globe"--

An inside look at America’s largest newspaper— The Wall Street Journal ”Phillips offers fascinating insights about American business, politics, and journalism. He traveled in the circles of CEOs, U.S. presidents, prime ministers, and royalty; always at his core he was a reporter. That is the beauty of Newspaperman .” —Vernon E. Jordan Jr., civil rights leader; senior managing director, Lazard Freres & Company; adviser to President Bill Clinton “[Phillips] captures the fabulous stories of a scrawny, precocious boy from reporter to publisher and then CEO, participating in and then presiding over the Journal ’s years of greatest growth.” —Joan Konner, Dean Emerita, Columbia University Graduate School of Journalism “Phillips fell in love with newspapers when he was a boy. He’s still infatuated but he doesn’t skip over his tough times or mistakes. That’s what makes Newspaperman such a telling guide to the newsroom and to the top office in the executive suite.” —Lou Boccardi, former president and chief executive, Associated Press; former chairman, Pulitzer Prize Board “This lovely book recounts the life of a wise, thoughtful, and admired newspaper editor and publisher. The tiny Wall Street Journal Warren Phillips joined grew up to be a giant. Newspaperman tells that story.” —Donald E. Graham, chairman and chief executive, The Washington Post Company “[Phillips provides] perceptive commentaries on Germany, Greece, Turkey, England, Spain, China, Russia, and the Middle East. All is told with modest good humor, but repeatedly emphasizes the need for integrity and high standards.” —George B. Munroe, retired chairman and chief executive, Phelps Dodge Corporation “The story of a boy born in Brooklyn, a reporter, an editor, a publisher, a corporate executive, and now the author of a fascinating book.” —James Q. Riordan, former vice chairman, Mobil Corporation “In spite of a few hiccups, honestly related here, Dow Jones was rated by Fortune magazine as the second most-admired company in the United States, and so proved that an outstanding newspaperman can also achieve enormous success as a business builder and leader.” —Hamish Maxwell, former chairman and CEO, Philip Morris Companies Inc. “A memoir from a man who helped transform The Wall Street Journal from a local newspaper to a global operation.. . . Throughout the book, Phillips looks at his part in shaping the Journal ’s news and editorial coverage, and these sections provide insight into his highly successful methods. The author includes many anecdotes culled from his diaries, some very funny, which illustrate the variegated aspects of his life and the people who shared in it.. . . A well-rounded autobiography about the journalism industry and the people who shaped the news over the past 50 years.” —Kirkus Reviews “The sections about the rise of the Wall Street Journal 's quality and influence are fascinating - for journalists and non-journalists alike.” — Philadelphia Inquirer ”Phillips provides an arresting retrospective on modern world history that general readers will find informative and delightful.” — Star-Telegram About the Book When Warren Phillips was eleven years old, his father took him on a guided tour of the New York Daily News , where he got his first look at the frenzied yet surprisingly ordered and controlled world of newspaper publishing. He saw everything from the industrial printing presses churning out newspapers at astonishing speeds to reporters hunched over their typewriters, writing the very stories those presses would be producing within hours—or even minutes. Phillips was hooked. He knew exactly what he wanted to do with his life. Newspaperman tells the story of how an immigrant’s shy son from Queens, New York, rose to the top of his industry powered by little more than passion, brains, and hard work. Phillips began his career working as a copyboy for the New York Herald Tribune for sixteen dollars a week—and ended it as publisher of The Wall Street Journal and CEO of its parent corporation, Dow Jones & Company. The life story of Warren Phillips is the story of the American newspaper business. Here, the details of his vast experience come together to create a broad picture of the newspaper business— revealing how news is discovered, reported, edited, published, and disseminated. Sharing vivid tales of working as a reporter around the world and describing the many colorful characters he meets along the way, Phillips provides a level of insight that only a leading figure in the industry could offer. Newspaperman gives you an up-close look at one of the most influential people in the history of The Wall Street Journal —and an unprecedented view of the business, from its rapid modernization during the post–WWII , cold war era to the early years of digital publishing and the rise of the Internet, which may mark the decline of the printed page forever. Phillips’s entertaining, penetrating, and impressively detailed account is a must-read for both devotees of America’s most iconic business publication and anyone with an interest in how news is reported.

Here is an eye-opening look at one of baseball's most intriguing and little known stories: the many-faceted relationship between Jews and black baseball in Jim Crow America. In Out of Left Field, Rebecca Alpert explores how Jewish sports entrepreneurs, political radicals, and a team of black Jews from Belleville, Virginia called the Belleville Grays--the only Jewish team in the history of black baseball--made their mark on the segregated world of the Negro Leagues. Through in-depth research, Alpert tells the stories of the Jewish businessmen who owned and promoted teams as they both acted out and fell victim to pervasive stereotypes of Jews as greedy middlemen and hucksters. Some Jewish owners produced a kind of comedy baseball, akin to basketball's Harlem Globetrotters--indeed, Globetrotters owner Abe Saperstein was very active in black baseball--that reaped financial benefits for both owners and players but also played upon the worst stereotypes of African Americans and prevented these black "showmen" from being taken seriously by the major leagues. But Alpert also shows how Jewish entrepreneurs, motivated in part by the traditional Jewish commitment to social justice, helped grow the business of black baseball in the face of the oppressive Jim Crow restrictions, and how radical journalists writing for the Communist Daily Worker argued passionately for an end to baseball's segregation. In fact, the campaign to convince manager Branch Rickey to integrate the Brooklyn Dodgers was initiated by Daily Worker sports writer Bill Mardo, in an open letter in the paper. Deftly written and meticulously researched, Out of Left Field offers a unique perspective on the economic and social negotiations between blacks and Jews in the first half of the 20th century, shedding new light on the intersection of race, religion, and sports in America.

Barack Obama’s inauguration as president on January 20, 2009, inspired the world. But the great promise of “Change We Can Believe In” was immediately tested by the threat of another Great Depression, a worsening war in Afghanistan, and an entrenched and deeply partisan system of business as usual in Washington. Despite all the coverage, the backstory of Obama’s historic first year in office has until now remained a mystery. In The Promise: President Obama, Year One , Jonathan Alter, one of the country’s most respected journalists and historians, uses his unique access to the White House to produce the first inside look at Obama’s difficult debut. What happened in 2009 inside the Oval Office? What worked and what failed? What is the president really like on the job and off-hours, using what his best friend called “a Rubik’s Cube in his brain?" These questions are answered here for the first time. We see how a surprisingly cunning Obama took effective charge in Washington several weeks before his election, made trillion-dollar decisions on the stimulus and budget before he was inaugurated, engineered colossally unpopular bailouts of the banking and auto sectors, and escalated a treacherous war not long after settling into office. The Promise is a fast-paced and incisive narrative of a young risk-taking president carving his own path amid sky-high expectations and surging joblessness. Alter reveals that it was Obama alone—“feeling lucky”—who insisted on pushing major health care reform over the objections of his vice president and top advisors, including his chief of staff, Rahm Emanuel, who admitted that “I begged him not to do this.” Alter takes the reader inside the room as Obama prevents a fistfight involving a congressman, coldly reprimands the military brass for insubordination, crashes the key meeting at the Copenhagen Climate Change conference, and bounces back after a disastrous Massachusetts election to redeem a promise that had eluded presidents since FDR. In Alter’s telling, the real Obama is an authentic, demanding, unsentimental, and sometimes overconfident leader. He adapted to the presidency with ease and put more “points on the board” than he is given credit for, but neglected to use his leverage over the banks and failed to connect well with an angry public. We see the famously calm president cursing leaks, playfully trash-talking his advisors, and joking about even the most taboo subjects, still intent on redeeming more of his promise as the problems mount. This brilliant blend of journalism and history offers the freshest reporting and most acute perspective on the biggest story of our time. It will shape impressions of the Obama presidency and of the man himself for years to come.

Dick Cheney is the most powerful yet most unpopular vice president in American history. He has thrived alongside a president who, from day one, had little interest in policy and limited experience in the ways of Washington. Yet Cheney's relentless rise to prominence over three decades has happened almost by stealth. Now veteran reporters Lou Dubose and Jake Bernstein reveal the disturbing truth about the man who has successfully co-opted executive control over the U.S. government, serving as the de facto 'shadow president' of the most dominant White House in a generation. Cheney has always been an astute politician. He survived the collapse of the Nixon presidency, finding a position of power in the administration of Gerald Ford. He was then elected to the House of Representatives and later served in the cabinet of the first Bush presidency. But when he became George W. Bush's running mate, Cheney reached a new level of influence. From the engineering of his own selection as vice president to his support of policies allowing torture as a permissible weapon in the 'war on terror', Cheney has consistently steered America to the right. With unique access to numerous first-hand sources, Vice provides an unprecedented expose of Cheney's career. Its startling revelations concern the war in Iraq, his relationship with the CIA and with big business, his involvement with Enron, his attitude towards Iran and his ruthless manoeuvering which today effectively puts him in charge of American policy at home and abroad. In the tradition of Carl Bernstein and Bob Woodward's All the President's Men , this powerful work of investigative journalism takes us behind the scenes in Washington, into hitherto secret meetings and deep into the heart of political decision-making. Utterly gripping, Vice chronicles and exposes the hijacking of the American presidency and illustrates the arrogance of power as never before.

A crucial guide to life before—and after—Tinder, IVF, and robots. What will happen to our notions of marriage and parenthood as reproductive technologies increasingly allow for newfangled ways of creating babies? What will happen to our understanding of gender as medical advances enable individuals to transition from one set of sexual characteristics to another, or to remain happily perched in between? What will happen to love and sex and romance as our relationships migrate from the real world to the Internet? Can people fall in love with robots? Will they? In short, what will happen to our most basic notions of humanity as we entangle our lives and emotions with the machines we have created? In Work Mate Marry Love , Harvard Business School professor and former Barnard College president Debora L. Spar offers an incisive and provocative account of how technology has transformed our intimate lives in the past, and how it will do so again in the future. Surveying the course of history, she shows how marriage as we understand it resulted from the rise of agriculture, and that the nuclear family emerged with the industrial revolution. In their day, the street light, the car, and later the pill all upended courtship and sex. Now, as we enter an era of artificial intelligence and robots, how will our deepest feelings and attachments evolve? In the past, the prevailing modes of production produced a world dominated by heterosexual, mostly-monogamous, two-parent families. In the future, however, these patterns are almost certain to be reshaped, creating entirely new norms for sex and romance, and for the construction of families and the raising of children. Steering clear of both techno-euphoria and alarmism, Spar offers a bold and inclusive vision of how our lives might be changed for the better.

When U.S. presidents clash with corporate titans, what tips the balance of power? In The Power and the Money, acclaimed presidential historian Tevi Troy takes readers on a riveting journey through the biggest battles between CEOs and the nation's commander in chief. He unearths the untold stories - both political and personal - that have shaped America. Troy shows how the vast reach of the federal government become a critical fact of life for every business, entrepreneur, and innovator. Today, companies find themselves navigating a competitive landscape defined by stringent regulations, so top CEOs and key business leaders must influence the legislative and regulatory system. As public affairs teams and government relations experts put forward strategies to survive Washington, CEOs have become the most important warrior on the frontlines. The Power and the Money shows how some of the nation's most important CEOs forged (and fumbled) relationships with the president. Troy also shows how the most powerful man in the world depends on CEOs. CEOs provide assistance in the form of personnel, policy insights, and campaign cash, but they also become essential foils for presidents, serving as both allies and convenient enemies. The Power and the Money reveals an intricate web of power, where CEOs need presidents, and presidents need CEOs. Troy shows how each must step carefully - or risk unpredictable costs and collateral damage. From heavyweights John D. Rockefeller and Mark Zuckerberg to Katherine Graham, Elon Musk, and more, Troy takes readers inside the friendships and the conflicts that shook the American economy and re-shaped America. Drawing on his experiences as bestselling historian and former senior White House aide, Troy offers unique insights and details that shed light on the growing, intertwining behemoths of government and big business - and what it means for the future of our nation.--from publisher

Jason Epstein has led arguably the most creative career in book publishing during the past-century. In 1952 he created Anchor Books, which launched the so-called quality paperback revolution and established the trade paperback format. In the following decade he was co-founder of the New York Review of Books. In the 1980s he created The Library of America and The Reader's Catalog, the precursor of on-line bookselling. In this short book, based on his W. W. Norton Lectures given at the New York Public Library in October 1999, he discusses the severe crisis facing the book business today -- a crisis that affects writers and readers as well as publisher -- and looks ahead to the radically transformed industry that will revolutionize the idea of the book as profoundly as the introduction of movable type did five centuries ago.

A candid portrait of the famed photographer, co-written by his longtime business partner and confidante, traces Avedon's life from his humble New York childhood to his death during a shoot in 2004.

For nearly two centuries the Dutch Republic, despite its small size and population, functioned as the hub of world trade, shipping, and finance. This is the first detailed general account of that hegemony from its origins in the sixteenth century to the final collapse of the Dutch trading system in the eighteenth century. The economic structure of the early modern world was such that the Dutch Republic--particularly its chief business emporium, Amsterdam--was able to dominate the world economy to a far greater degree than any commercial power before or since. Using archival and secondary sources, this book explains how one small nation was able to maintain this ascendancy for so long, and details the mechanisms by which this was achieved and sustained, as well as the stages of its evolution.

Millions of adult Americans will fondly remember such entertaining movies as Carousel, The Jackpot, and There's No Business Like Show Business. Phoebe and Henry Ephron, who wrote the screenplays for these and other films, were a unique team in that they used their special talents, working with dozens of great names of screen and stage, to create everything from the comic to the somber under circumstances both humorous and quite the opposite. Whether they were working on a Carousel, starring Shirley Jones and Gordon MacRae or a new What Price Glory, or Fred Astaire's Daddy Long Legs, the Ephrons were always learning something new and exciting about a magical assortment of people (Henry remembers the famous director John Ford the day he was faulted by his producer for being two days behind in shooting a film. He tore up six pages and said: "Tell the SOB I'm six days ahead!") This is also a story of the thirty-seven-year marriage of two people who started out with very little, realized their dreams of having a play produced on Broadway, and then went to Hollywood, where they wrote major scripts for some of the biggest stars. Woven throughout the story is the family element of raising four daughters in the make-believe atmosphere of Southern California. As the two Ephrons worried about the work they'd done on one major script, the make-believe turning into a glorious reprieve when it was reported to them that Darryl Zanuck had just told a friend, "I'll never know how the Ephrons took that old chestnut and turned it into this great screenplay." Here, a professional storyteller is at his best in a personal narrative which also brings onstage a fascinating supporting cast.

"The 1990s was a decade of extreme change. Shifts in culture, politics, and technology radically altered the way Americans did business, expressed themselves, and thought about their role in the world. At the center of it all was Bill Clinton, the charismatic and flawed baby boomer president, along with his polarizing but increasingly popular wife, Hillary. Although it was in many ways a Democratic Gilded Age, the 1990s was also a time of great anxiety. The Cold War was over. America was stable and prosperous. Yet Americans felt more unmoored and isolated. This was the era of glitz and grunge, when we relished living in the Republic of Everything even as we feared it might degenerate into the Republic of Nothing. Bill Clinton dominated this era, but his complex legacy has yet to be clearly defined. Historian Gil Troy examines Clinton's presidency alongside the decade's cultural changes. Taking the '90s year by year, Troy shows how the culture of the day shaped the Clintons even as the Clintons shaped it, offering answers to two enduring questions about Bill Clinton's legacy: How did such a talented politician leave Americans thinking he accomplished so little when he actually accomplished so much? And to what extent was Clinton responsible for the catastrophes of the following decade, specifically 9/11 and the collapse of the housing market? Even more relevant as we head toward the 2016 election, The Age of Clinton will appeal to readers on both sides of the aisle as it chronicles the wild, transformative decade and the president at its center"--

The photographer Richard Avedon and the writer Doon Arbus began collaborating on this book thirty years ago. The photographs and interviews they did then remain faithful to what was, like the contents of a time capsule. Meeting somebody and balling them means something, but it doesn't mean near as much as it used to. --Janis Joplin, September 1969 In a society where there is institutionalized oppression, the thing is to catch government and business in the grass--actually humping. --Florynce Kennedy, August 1969 I was so afraid of being bad and being caught at it. --Dr. Benjamin Spock, September 1969 The connection between all the rhetoric and all the poetry, between the words of a Black Panther and those of a rock star or a pacifist, between the scars of a pop artist and those of a napalm victim, have haunted and informed the structuring of this book, with its own peculiar version of a beginning, a middle, and an end.

An Amazon Best History Book of 2019 "A splendid and beautifully written illustration of the tremendous importance public policy has for the daily lives of ordinary people." —Ryan Cooper, Washington Monthly Over the last generation, the United States has undergone seismic changes. Stable institutions have given way to frictionless transactions, which are celebrated no matter what collateral damage they generate. The concentration of great wealth has coincided with the fraying of social ties and the rise of inequality. How did all this come about? In Transaction Man , Nicholas Lemann explains the United States’—and the world’s—great transformation by examining three remarkable individuals who epitomized and helped create their eras. Adolf Berle, Franklin Delano Roosevelt’s chief theorist of the economy, imagined a society dominated by large corporations, which a newly powerful federal government had forced to become benign and stable institutions, contributing to the public good by offering stable employment and generous pensions. By the 1970s, the corporations’ large stockholders grew restive under this regime, and their chief theoretician, Harvard Business School’s Michael Jensen, insisted that firms should maximize shareholder value, whatever the consequences. Today, Silicon Valley titans such as the LinkedIn cofounder and venture capitalist Reid Hoffman hope “networks” can reknit our social fabric. Lemann interweaves these fresh and vivid profiles with a history of the Morgan Stanley investment bank from the 1930s through the financial crisis of 2008, while also tracking the rise and fall of a working-class Chicago neighborhood and the family-run car dealerships at its heart. Incisive and sweeping, Transaction Man is the definitive account of the reengineering of America and the enormous impact it has had on us all.