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Article in Category:Adult Nonfiction

The dismal science? Not in these books!

A genuine page-turner that recounts the 1988 sale of RJR Nabisco, the most excessive operation of Wall Street's "decade of greed." The authors reconstructed the conversations of principal players based on hundreds of hours of interviews, which gives a novelistic feeling to the book and they were careful to introduce business and financial concepts at appropriate moments, so that a very convoluted fight among four teams, each with ten or more self-interested parties, can easily be followed. It's a depressing story, and despite the elaborate dinners, ski and golf vacations, celebrities, and multi-million-dollar fees, most readers will be glad they can experience this at a distance.
Thomas Friedman clarifies just how the world is truly changing into the oft-discussed ‘global community’. The ‘flattening’ of the world refers to the metaphorical leveling of the playing field as a direct result of the technical advances of the digital revolution. He enables the reader to make sense of the rise of India and China, along with numerous smaller countries that can now take advantage of the political and economic barriers that are falling. It is an insightful and important work, full of anecdotes that bring complex economic theories to life.