Book Reviews

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Andrei Rogobete: “The Ethical Algorithm” by Michael Kearns & Aaron Roth

The Royal Academy of Engineering predicts that algorithms or Artificial Intelligence (AI), will become prevalent in “…most, if not all, aspects of decision-making” (April 2017). Algorithms benefit from a growing presence in key areas such as government, healthcare, education, financial industries, and of course, technology. Yet this is for good reason: they are highly efficient...

Richard Turnbull: The Politics and Ethics of the Just Price

  The Politics and Ethics of the Just Price is a collection of essays in economic anthropology.  The volume, which is academic orientated, consists of an introduction to the theme and then eight case studies in different anthropological settings. The core issue at stake is the idea of what constitutes a just price, the relationship...

Lord Griffiths: “The Future of Capitalism” by Sir Paul Collier

The Future of Capitalism tackles one of the big issues of our time. Its impressive author, Sir Paul Collier, CBE, FBA is a distinguished member of the Blavatnik School of Government at the University of Oxford and a seasoned practitioner in development economics for which he received a knighthood. He is convinced that capitalism is...

Edward Carter: “Global Business” by Mahesh Joshi & J R Klein

This book is a concise attempt to grapple with the subject of the global economy, especially in the light of events such as the Brexit decision and the election of Donald Trump. Written by two business practitioners, it has a clear and slightly breathless style – one might almost say, an executive summary stretched over...

Richard Godden: “After Piketty”, edited by Heather Boushey et al.

Thomas Piketty’s Capital in The Twenty-First Century, published in 2013 (English edition, 2014), is the economics equivalent of Stephen Hawking’s A Brief History of Time: it is a technical book that has secured mass sales, over two and a quarter million copies having been sold worldwide. One may wonder how many of the purchasers have...

Georgina Bishop: “The Ethical Capitalist” by Julian Richer

As an economic system, unfettered capitalism in the post-recession era has come under considerable scrutiny. Reports of business scandals and misdealings, as well as serious social inequalities, are but a few of the most cited examples. In the face of these criticisms, proponents of capitalism have come to its defence. In “The Ethical Capitalist”, entrepreneur...