Books
Economics is not widely considered to be one of the sexier sciences. The annual Nobel Prize winner in that field never receives as much publicity as his or her compatriots in peace, literature, or physics. But if such slights are based on the notion that economics is dull, or that economists are concerned only with finance itself, Steven D. Levitt will change some minds. In Freakonomics (written with Stephen J. Dubner), Levitt argues that many apparent mysteries of everyday life don’t need to be so mysterious: they could be illuminated and made even more fascinating by asking the right questions and drawing connections. For example, Levitt traces the drop in violent crime rates to a drop in violent criminals and, digging further, to the Roe v. Wade decision that preempted the existence of some people who would be born to poverty and hardship. Elsewhere, by analyzing data gathered from inner-city Chicago drug-dealing gangs, Levitt outlines a corporate structure much like McDonald’s, where the top bosses make great money while scores of underlings make something below minimum wage. And in a section that may alarm or relieve worried parents, Levitt argues that parenting methods don’t really matter much and that a backyard swimming pool is much more dangerous than a gun. These enlightening chapters are separated by effusive passages from Dubner’s 2003 profile of Levitt in The New York Times Magazine, which led to the book being written. In a book filled with bold logic, such back-patting veers Freakonomics, however briefly, away from what Levitt actually has to say. Although maybe there’s a good economic reason for that too, and we’re just not getting it yet –John Moe
“Everest,” writes British climber Bear Grylls, “is no place to prove yourself. The likelihood of reaching the summit is so slim that you’re inevitably setting yourself up to be disappointed.”But, Grylls continues, mountains are most definitely an arena where alpinists express their deepest drives, and he had more ambition than most. Badly injured in a parachuting accident in 1996, he resigned his army commission and cast about for a new career–a decision he succeeded in putting off by enlisting in a climbing expedition to the world’s tallest mountain. Now, Grylls points out, the odds of a well-conditioned climber’s making the summit of Everest are something like one in a hundred; for climbers under the age of 30, who lack the experience and conditioning that age brings, those odds slim down to 1 in 1,000. Twenty-three at the time, Grylls took his chances nonetheless, despite the “sinking feeling that I had just made a commitment that was going to drag me a little too far out of my comfort zone.”He fulfilled his commitment, though surely not without discomfort, scared but determined, making his way up deadly obstacles such as the Lhotse Face Icewall and its deep crevasses. Other climbers were not so lucky, he writes in this you-are-there account of his time on the mountain, and death is a constant presence on these pages–which may deter readers who seek to follow in his footholds. For those content to travel up sheer rock and ice walls vicariously, though, Grylls’s book is a spirited exercise in adventure writing and a promising debut. –Gregory McNamee
Ugly Americans documents the “Wild East” of the mid-1990s, where young, brilliant, and hypercompetitive traders became “hedge fund cowboys,” manipulating loopholes in an outdated and inefficient Asian financial system to rake in millions. Using a concept called arbitrage, they made their fortunes mainly on minute shifts in stocks being sold on the Nikkei, the Japanese stock market, collapsing banks and nearly bankrupting the Japanese economy in the process. Other schemes were also concocted, most of which were technically legal, though certainly unethical. This true story revolves around “John Malcolm,” who, in exchange for anonymity, agreed to give Ben Mezrich all the access and information he needed to write this book. As a recent Princeton graduate in the mid-1990s, Malcolm accepted an undefined job offer from an American expatriate in Japan to work in the investments field. Though he had no prior experience, he facilitated 25 million dollars worth of trades on his first day on the job, and it just got more exciting from there. He soon joined a small group of expatriates, all in their twenties and mostly Ivy League graduates, who lived like rock stars, thriving on the stress and excitement of their jobs to create their own steroid versions of the American Dream half a world away. Mezrich tells this riveting story well, incorporating elements of the culture into his narrative, including the infamous and pervasive Japanese “Water Trade,” or sex business, romantic intrigue, and even run-ins with the Yakuza, the Japanese mafia. Though there is little real analysis of their financial dealings and how they ultimately changed the rules of finance in Asia, this entertaining page turner does offer a glimpse into a world little explored in print until now. –Shawn Carkonen
“Licensed to Kill: Hired Guns in the War on Terror” (Robert Young Pelton)
“Killer Elite: The Inside Story of America’s Most Secret Special Operations Team” (Michael Smith)
“See No Evil: The True Story of a Ground Soldier in the CIA’s War on Terrorism” (Robert Baer)
“Killing Pablo: The Hunt for the World’s Greatest Outlaw” (Mark Bowden)
“Blackwater: The Rise of the World’s Most Powerful Mercenary Army” (Jeremy Scahill)
“Inside Delta Force: The Story of America’s Elite Counterterrorist Unit” (Eric Haney)
“F’d Companies: Spectacular Dot-Com Flameouts” (Philip J. Kaplan)
“Guns, Germs, and Steel” (W.W. Norton and Company)
“The Gift of Fear” (Gavin De Becker)
“Close Quarter Battle the Explosive True Story of 15 Years Under Fire (C. Q. B.)” (Bantam)
“Immediate Action” (Andy Mcnab)
