Business & Economics

Philosopher Peter Singer, known for his uncompromising commitment to utilitarian principles, published his opinion editorial “The Singer Solution to World Poverty” in The New York Times Magazine on 5 September 1999. In the essay, Singer argues that the inhabitants of affluent countries have a moral obligation to donate a significant portion of their wealth to charities that can save lives around the world.Singer begins by describing a situation from the 1998 Brazilian film Central Station... Read The Singer Solution to World Poverty Summary

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The Story of Stuff: How Our Obsession with Stuff is Trashing the Planet, Our Communities, and Our Health—and a Vision for Change (2010) is a book by Annie Leonard. It is based on a short animated documentary with the same title (2007) written and narrated by Leonard. Leonard criticizes American consumer society that values novelty, accumulation, and low prices for being unsustainable. Overconsumption affects our health, our happiness, and our planet. Leonard travels from factories, to... Read The Story of Stuff Summary

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Adam Smith’s The Theory of Moral Sentiments (1759) secured its author’s place as one of history’s most celebrated philosophers. Like all great works of moral philosophy, Smith’s book belongs to a tradition that dates to antiquity. The Theory of Moral Sentiments, however, is probably best understood in the context of the 18th-century Scottish Enlightenment, for its argument helps reconcile two otherwise conflicting ideas advanced by two of that era’s intellectual titans. Furthermore, The Theory of... Read The Theory of Moral Sentiments Summary

The Theory of the Leisure Class: An Economic Study of Institutions (1899), written by Norwegian-American sociologist and economist Thorstein Veblen, is a critique of consumerism and conspicuous culture promoted by the wealthy leisure class in America during the Industrial era. Veblen proposes that economics is not simply the study of markets and cash flow; it must include sociological analysis to accurately reflect a society’s consumption patterns and their cultural and economic repercussions. Though the book... Read The Theory of the Leisure Class Summary

Malcolm Gladwell’s The Tipping Point (2000) is an interdisciplinary work of popular sociology and psychology that explores the concept of the tipping point, a moment of sudden change that occurs in social epidemics. Gladwell explores how social epidemics work and offers many case studies and illustrative research to bolster his novel arguments about how epidemics “tip.” The book began as an article for The New Yorker. This guide refers to the first edition of the... Read The Tipping Point Summary

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Published in 1968, the essay “The Tragedy of the Commons,” by ecologist Garrett James Hardin, argues that human overpopulation will stress ecosystems beyond their limits and cause a resource catastrophe. The essay has greatly influenced environmentalists. Hardin was a politically controversial, award-winning science writer who taught ecology at the University of California at Santa Barbara for over 30 years. Critics on both sides of the political spectrum have resented not only some of his proposed... Read The Tragedy of the Commons Summary

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A powerful dichotomy lies at the heart of The Undoing Project: A Friendship That Changed Our Minds (2016), Michael Lewis’s account of how the friendship between two Israeli psychologists—Daniel Kahneman and Amos Tversky—essentially created the field of behavioral economics and shifted paradigms about human decision making. This dichotomy is the tension between intuition and algorithms, between gut feelings and empirical data. In the Introduction, Lewis explains that The Undoing Project exists largely as a complement... Read The Undoing Project Summary