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Stiglitz offers a compelling account of his experiences with the IMF, the World Bank, and the U.S. Treasury. By combining his experiences with his economics background, he gives a vivid account of how globalization has been mired with failure after failure and economies in transition have suffered widely as a result of poor global economic policy. His first hand accounts are illustrated by evidence of how international institutions of global integration, like the IMF, the World Bank, and the WTO have pursued narrow interests at the expense of those who needed the most help. (more…)

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The Logic of Collective Action, written by Mancur Olson, is an in depth discussion of groups and the dynamics involved in their formation, ability to attract members and ability to provide any benefit. He takes a very logical approach to analyzing groups. Step by step he puts the main components of a group together to give a clear understanding of the purpose and function of groups. His thoughtful review and subsequent dismissal of both traditional and orthodox group theories is more than adequately bolstered with strong arguments and compelling evidence. (more…)

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