In the beginning was the loan, and the loan carried interest. For at least five millennia people have been borrowing and lending at interest. Yet as capitalism became established from the late Middle Ages onwards, denunciations of interest were tempered because interest was a necessary reward for lenders to part with their capital. And interest performs many other vital functions: it encourages people to save; enables them to place a value on precious assets, such as houses and all manner of financial securities; and allows us to price risk.

The foundation for all modern economic thought and political economy, The Wealth of Nations is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words.

First published in 1936, Keynes’ ideas had evolved during the difficulties following World War 1 in Europe, and the US crash and the Depression of the 1920s-'30s and the misery of mass unemployment. He deplored the situation where a few individuals or companies stored massive wealth while vast numbers experienced poverty and insecurity (his alarm bells ring today!) and sought to promote initiatives where governments could intervene with social projects to keep money fluctuating.

Ever since its first publication in 1992, The End of History and the Last Man has provoked controversy and debate. Francis Fukuyama's prescient analysis of religious fundamentalism, politics, scientific progress, ethical codes, and war is as essential for a world fighting fundamentalist terrorists as it was for the end of the Cold War. Now updated with a new afterword, The End of History and the Last Man is a modern classic.

At the dawn of World War I, a young academic named John Maynard Keynes hastily folded his long legs into the sidecar of his brother-in-law’s motorcycle for an odd, frantic journey that would change the course of history. Swept away from his placid home at Cambridge University by the currents of the conflict, Keynes found himself thrust into the halls of European treasuries to arrange emergency loans and packed off to America to negotiate the terms of economic combat.

In this major statement, the renowned international-relations scholar John Mearsheimer argues that liberal hegemony, the foreign policy pursued by the United States since the Cold War ended, is doomed to fail. It makes far more sense, he maintains, for Washington to adopt a more restrained foreign policy based on a sound understanding of how nationalism and realism constrain great powers abroad.

In her international bestseller SPQR, Mary Beard told the thousand-year story of ancient Rome. Now she shines her spotlight on the emperors who ruled the Roman empire, from Julius Caesar (assassinated 44 BCE) to Alexander Severus (assassinated 235 CE). Emperor of Rome is not your usual chronological account of Roman rulers, one after another: the mad Caligula, the monster Nero, the philosopher Marcus Aurelius.

A decade after the cold war ended, policy makers and academics foresaw a new era of peace and prosperity, an era in which democracy and open trade would herald the "end of history." The terrorist attacks of September 11, 2001, sadly shattered these idyllic illusions, and John Mearsheimer's masterful new book explains why these harmonious visions remain utopian.

The Mengzi is one of the very greatest works of world literature and philosophy, and it is perhaps the single most influential Confucian text of all time. Of all the Confucian classics, it is also the one most likely to speak to a contemporary audience. The Mengzi contains the dialogues, debates and sayings of Mengzi, a Confucian sage of the fourth century BCE. (He is also known by the Latinization of his name, 'Mencius'.)

Francis Bacon (1561-1626), 1st Viscount St Albans, Attorney General and then Lord Chancellor of England, was an immensely learned, clever and ambitious man, with considerable political influence. However, he was also a philosopher with a wide interest in science, medicine and the classification of knowledge. Throughout his life he wrote a series of essays - following the manner set particularly by Montaigne, though extending back to Aristotle and others - the first 10 of which appeared in 1597.

Central banking is magic. With a few words, the Fed can lift the stock market out of desperation and catapult it towards euphoric highs. With a few keystrokes, the Fed can conjure up trillions of dollars and fund virtually unlimited Federal spending. And with a few poor decisions, the Fed can plunge the entire world into a recession. The Federal Reserve is one of the most powerful institutions in the world, and also one of the most difficult to understand.

In 1913, the Viennese aristocracy is gathering to celebrate the 17th jubilee of the accession of Emperor Franz Josef, even as the Austro-Hungarian Empire is collapsing and the rest of Vienna is showing signs of rebellion. At the centre of this social labyrinth is Ulrich: a veteran, a seducer and a scientist, yet also a man 'without qualities' and therefore a brilliant and detached observer of his changing world.

John Stuart Mill (1808-1873) was a torchbearer for liberal thought in the 19th century, including liberty of the individual and freedom of speech, and he championed women's suffrage in Parliament. A remarkable man - he learned Greek aged three and at eight had read Herodotus, Xenophon and Plato - he campaigned all his life for a just society. These two essays are his key works.

A former chair of the Federal Reserve explains the transformation of one our most powerful and consequential institutions.

From the legendary former Fed Chairman and the acclaimed Economist writer and historian, the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen.

First published in 1936, Keynes’ ideas had evolved during the difficulties following World War 1 in Europe, and the US crash and the Depression of the 1920s-'30s and the misery of mass unemployment. He deplored the situation where a few individuals or companies stored massive wealth while vast numbers experienced poverty and insecurity (his alarm bells ring today!) and sought to promote initiatives where governments could intervene with social projects to keep money fluctuating.

Here, anthropologist David Graeber presents a stunning reversal of conventional wisdom: He shows that before there was money, there was debt. For more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods - that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors.

John Maynard Keynes died in 1946, but his name is still prominent in economics and politics worldwide. Although his contributions to economic theory established and maintain his fame, he also - particularly at the time in his life when he wrote the present book, Economic Consequences of the Peace - showed a flair for practical political work. At the end of World War I he was appointed as the British Treasury's representative to the Versailles Peace Conference. His experiences at the Conference formed the basis of this book.

At the dawn of World War I, a young academic named John Maynard Keynes hastily folded his long legs into the sidecar of his brother-in-law’s motorcycle for an odd, frantic journey that would change the course of history. Swept away from his placid home at Cambridge University by the currents of the conflict, Keynes found himself thrust into the halls of European treasuries to arrange emergency loans and packed off to America to negotiate the terms of economic combat.

In The Economic Consequences of the Peace, Keynes presents a brief historical review of laissez-faire economic policy. Though he agrees in principle that the marketplace should be free of government interference, he suggests that government can play a constructive role in protecting individuals from the worst harms of capitalism's cycles, especially as concerns unemployment.

It is June 1936. Leon Trotsky (1879-1940) has finally been granted a visa for asylum in Norway, having been banned first from living in Paris, and then the whole of France. With him comes the draft of The Revolution Betrayed: What Is the Soviet Union and Where Is It Going?, which is completed and sent to the publishers on the 4th of August. The book, published by Faber in 1937, is considered to be Trotsky’s major work on Stalinism.

This audiobook contains all 3 volumes of Capital, a compendium that Marx's collaborator Friedrich Engels described as 'the Bible of the working class'. One of the most notorious and influential works of modern times, Capital is an incisive critique of private property and the social relations it generates.

The Russian Revolution of 1917 was one of the most cataclysmic events in world history, profoundly shaping politics, international relations, social patterns, economics and science in the century that followed. It created long-lasting aftershocks which travelled far beyond its geographical borders. How did it happen? What were the sequence of events that led, following the shocking upheaval of the old Romanov order, to a fierce and violent rivalry between a variety of revolutionary factions and the ultimate victory of the Bolsheviks?

Mises wrote this book for the ages, and it remains the most spirited, thorough, and scientifically rigorous treatise on money ever to appear. This classic treatise was the first really great integration of microeconomics and macroeconomics, and it remains the definitive book on the foundations of monetary theory. As Rothbard points out in his introduction to "the best book on money ever written," economists have yet to absorb all its lessons.

In medical school, Paul Farmer found his life’s calling: to cure infectious diseases and to bring the lifesaving tools of modern medicine to those who need them most. Tracy Kidder’s magnificent account shows how one person can make a difference in solving global health problems through a clear-eyed understanding of the interaction of politics, wealth, social systems, and disease. Profound, Mountains Beyond Mountains takes us from Harvard to Haiti, Peru, Cuba, and Russia as Farmer changes people’s minds through his dedication to the philosophy that “the only real nation is humanity.”