ChinaEconTalk with special guest Russ Roberts

This book, written by Milton Friedman and Anna J. Schwartz, is a landmark work in economic history. It argues that changes in the money supply profoundly influenced the U.S. economy, particularly during significant economic events such as the Great Depression. The authors criticize the Federal Reserve for its handling of monetary policy, especially during the Great Depression, and emphasize the importance of steady control of the money supply in managing economic fluctuations. The book also discusses the role of the gold standard, the impact of bank failures, and the decision-making processes within the Federal Reserve.

In 'Thanks a Thousand', A.J. Jacobs embarks on a global journey to thank every person involved in producing his morning cup of coffee. This deceptively simple idea transforms his life and highlights the benefits of gratitude, which include improving compassion, healing the body, and battling depression. Jacobs meets a diverse range of people, from Minnesota miners to Colombian farmers, and provides insights on how to focus on the positive aspects of daily life and practice gratitude effectively.

Published in 1949, 'Nineteen Eighty-Four' is a cautionary tale set in a future where the world is divided into three totalitarian super-states: Oceania, Eurasia, and Eastasia. The novel follows Winston Smith, a minor functionary in the Ministry of Truth in Oceania, who begins to question the all-pervasive authority of the Party and its leader, Big Brother. Winston's rebellion, fueled by his forbidden love affair with Julia and his interest in the mysterious Brotherhood, ultimately leads to his capture and brutal reeducation by the Thought Police. The novel explores themes of mass surveillance, censorship, and the manipulation of truth, serving as a powerful warning about the dangers of unaccountable governments and the erosion of individual freedom and dignity.

In this influential book, Milton Friedman discusses the role of economic capitalism in a liberal society. He argues that economic freedom is a precondition for political freedom and advocates for limited government intervention. The book covers various topics, including the relation between economic and political freedom, the role of government in a free society, monetary policy, international trade arrangements, and the role of government in education. Friedman's work has been highly influential in economic theory and policymaking, and the book has been translated into eighteen languages and sold over half a million copies since its publication in 1962.

In 'Tribe: On Homecoming and Belonging', Sebastian Junger delves into the human desire for community and belonging. Drawing from history, psychology, and anthropology, Junger examines why many individuals, including combat veterans, often feel a stronger sense of belonging in tribal or wartime environments than in modern society. He argues that the lack of community in affluent societies can lead to feelings of isolation and depression, while disasters and wars can paradoxically bring people together and foster a sense of unity. The book challenges the notion that modern society is superior to tribal societies, highlighting the benefits of egalitarianism and community found in the latter. Junger also discusses how the absence of these communal bonds can affect veterans returning from war and suggests that societal changes could help reintegrate them and improve overall societal well-being.