Fixed: Why Personal Finance is Broken and How to Make it Work for Everyone
by John Y. Campbell and Tarun Ramadorai · 25 Jul 2025
: Taking a Longer-Term View, HM Treasury, 2004. In a more recent study, Jack Fisher, Lu Liu, Alessandro Gavazza, Tarun Ramadorai, and Jagdish Tripathy, “Refinancing cross-subsidies in the mortgage market,” Journal of Financial Economics 158 (2024): 103876, find that a substantial proportion of the overall UK mortgage stock (30% in 2015
…
face. 47. Several recent papers have attempted to compute the size of these regressive transfers across income groups. See, for example, Fisher et al., “Refinancing cross-subsidies in the mortgage market”; and David Berger, Konstantin Milbradt, Fabrice Tourre, and Joseph Vavra, “Mortgage prepayment and path-dependent effects of monetary policy,” American Economic
…
in the current mortgage system will slightly increase initial mortgage rates. We believe this is an acceptable price to pay for a fairer system without cross-subsidies from less financially sophisticated to more sophisticated borrowers. 20. Mortgages are commonly portable in the United Kingdom and assumable in Denmark. In the United States
How Asia Works
by Joe Studwell · 1 Jul 2013 · 868pp · 147,152 words
private firms are more open to multinational competition than were their Japanese and Korean cousins at a similar stage of development. They do not enjoy cross-subsidies from other protected non-consumer businesses, such as Hyundai Motor Company had from the chaebol’s cash-generative shipbuilding subsidiary; in China such non-consumer
One Billion Americans: The Case for Thinking Bigger
by Matthew Yglesias · 14 Sep 2020
Zucked: Waking Up to the Facebook Catastrophe
by Roger McNamee · 1 Jan 2019 · 382pp · 105,819 words
The People's Platform: Taking Back Power and Culture in the Digital Age
by Astra Taylor · 4 Mar 2014 · 283pp · 85,824 words
apartment, and visit the local blog or the foreign news aggregator to read about what’s happening in the world. But it has eliminated the cross-subsidies that kept journalism afloat and, by doing so, exposed a form of market failure. Stephen Janis, a reporter who has made the move from print
…
ideological eccentric; today it looks prophetic. The challenge of supporting uncompromising work is growing greater, for the unbundling of digital media means the era of cross-subsidies, whereby profits from popular wares are used to support more daring endeavors, is coming to an end. The classic example is newspapers, which people bought
News and How to Use It: What to Believe in a Fake News World
by Alan Rusbridger · 26 Nov 2020 · 371pp · 109,320 words
Order Without Design: How Markets Shape Cities
by Alain Bertaud · 9 Nov 2018 · 769pp · 169,096 words
Basic Economics
by Thomas Sowell · 1 Jan 2000 · 850pp · 254,117 words
less efficient than directly helping “the poor” with money or vouchers and letting the others pay their own way. The same principle applies when considering cross-subsidies provided, not by the taxpayers, but by excessive charges on some people (such as toll bridge users) to subsidize others (such as ferry boat riders
The Irrational Economist: Making Decisions in a Dangerous World
by Erwann Michel-Kerjan and Paul Slovic · 5 Jan 2010 · 411pp · 108,119 words
important source of funds for compensating victims in the aftermath of disasters, and truly risk-based and actuarially appropriate premiums would reduce or eliminate existing cross-subsidies. President Franklin Roosevelt introduced federal crop insurance in the late 1930s, and federal lawmakers enacted the National Flood Insurance Program in 1968. For a long
…
financing disaster losses is far from perfect. Since disaster risk is spread unevenly across the country, financing federal relief out of general revenues involves large cross-subsidies, from low-risk to high-risk areas. Many critics claim, moreover, that generous federal relief creates a large “moral hazard” problem, ensuring greater losses over
The New Enclosure: The Appropriation of Public Land in Neoliberal Britain
by Brett Christophers · 6 Nov 2018
The Deal of the Century: The Breakup of AT&T
by Steve Coll · 12 Jun 2017 · 450pp · 134,152 words
Were You Born on the Wrong Continent?
by Thomas Geoghegan · 20 Sep 2011 · 364pp · 104,697 words
An Economist Gets Lunch: New Rules for Everyday Foodies
by Tyler Cowen · 11 Apr 2012 · 364pp · 102,528 words
The Weightless World: Strategies for Managing the Digital Economy
by Diane Coyle · 29 Oct 1998 · 49,604 words
The Great Railroad Revolution
by Christian Wolmar · 9 Jun 2014 · 523pp · 159,884 words
Fire and Steam: A New History of the Railways in Britain
by Christian Wolmar · 1 Mar 2009 · 493pp · 145,326 words
Other People's Money: Masters of the Universe or Servants of the People?
by John Kay · 2 Sep 2015 · 478pp · 126,416 words
The Great Reversal: How America Gave Up on Free Markets
by Thomas Philippon · 29 Oct 2019 · 401pp · 109,892 words
Our Lives in Their Portfolios: Why Asset Managers Own the World
by Brett Chistophers · 25 Apr 2023 · 404pp · 106,233 words
Empire of Things: How We Became a World of Consumers, From the Fifteenth Century to the Twenty-First
by Frank Trentmann · 1 Dec 2015 · 1,213pp · 376,284 words
The Finance Curse: How Global Finance Is Making Us All Poorer
by Nicholas Shaxson · 10 Oct 2018 · 482pp · 149,351 words
Tyler Cowen-Discover Your Inner Economist Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Dentist-Plume (2008)
by Unknown · 20 Sep 2008 · 246pp · 116 words
The City on the Thames
by Simon Jenkins · 31 Aug 2020
The Railways: Nation, Network and People
by Simon Bradley · 23 Sep 2015 · 916pp · 248,265 words
Competition Demystified
by Bruce C. Greenwald · 31 Aug 2016 · 482pp · 125,973 words
When the Money Runs Out: The End of Western Affluence
by Stephen D. King · 17 Jun 2013 · 324pp · 90,253 words
Breaking News: The Remaking of Journalism and Why It Matters Now
by Alan Rusbridger · 14 Oct 2018 · 579pp · 160,351 words
Hard Landing
by Thomas Petzinger and Thomas Petzinger Jr. · 1 Jan 1995 · 726pp · 210,048 words
Numbers Rule Your World: The Hidden Influence of Probability and Statistics on Everything You Do
by Kaiser Fung · 25 Jan 2010 · 227pp · 62,177 words
The Making of a World City: London 1991 to 2021
by Greg Clark · 31 Dec 2014
The Middleman Economy: How Brokers, Agents, Dealers, and Everyday Matchmakers Create Value and Profit
by Marina Krakovsky · 14 Sep 2015 · 270pp · 79,180 words
Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy
by George Gilder · 16 Jul 2018 · 332pp · 93,672 words
Principles of Corporate Finance
by Richard A. Brealey, Stewart C. Myers and Franklin Allen · 15 Feb 2014
Makeshift Metropolis: Ideas About Cities
by Witold Rybczynski · 9 Nov 2010 · 232pp · 60,093 words
The Handbook of Personal Wealth Management
by Reuvid, Jonathan. · 30 Oct 2011
The End of Big: How the Internet Makes David the New Goliath
by Nicco Mele · 14 Apr 2013 · 270pp · 79,992 words
Before Babylon, Beyond Bitcoin: From Money That We Understand to Money That Understands Us (Perspectives)
by David Birch · 14 Jun 2017 · 275pp · 84,980 words
Conscious Capitalism, With a New Preface by the Authors: Liberating the Heroic Spirit of Business
by John Mackey, Rajendra Sisodia and Bill George · 7 Jan 2014 · 335pp · 104,850 words
Exponential Organizations: Why New Organizations Are Ten Times Better, Faster, and Cheaper Than Yours (And What to Do About It)
by Salim Ismail and Yuri van Geest · 17 Oct 2014 · 292pp · 85,151 words
The Weather Makers: How Man Is Changing the Climate and What It Means for Life on Earth
by Tim Flannery · 10 Jan 2001 · 427pp · 111,965 words
Social Life of Information
by John Seely Brown and Paul Duguid · 2 Feb 2000 · 791pp · 85,159 words
The Social Life of Money
by Nigel Dodd · 14 May 2014 · 700pp · 201,953 words
Beyond the Random Walk: A Guide to Stock Market Anomalies and Low Risk Investing
by Vijay Singal · 15 Jun 2004 · 369pp · 128,349 words
The End of Money: Counterfeiters, Preachers, Techies, Dreamers--And the Coming Cashless Society
by David Wolman · 14 Feb 2012 · 275pp · 77,017 words
The Long Boom: A Vision for the Coming Age of Prosperity
by Peter Schwartz, Peter Leyden and Joel Hyatt · 18 Oct 2000 · 353pp · 355 words
Be Your Own Financial Adviser: The Comprehensive Guide to Wealth and Financial Planning
by Jonquil Lowe · 14 Jul 2010 · 433pp · 53,078 words
The Greed Merchants: How the Investment Banks Exploited the System
by Philip Augar · 20 Apr 2005 · 290pp · 83,248 words