James Surowiecki is a staff writer at The New Yorker, where he writes “The Financial Page.” (September 2016)


The Huge and Dire Consequences of the Fed

Ben Bernanke

The Courage to Act: A Memoir of a Crisis and Its Aftermath

by Ben S. Bernanke
The Federal Reserve is the most powerful institution in the US economy. It has also become, in recent years, among the most unpopular. The main source of discontent with the Fed is its actions during the financial crisis and Great Recession of 2007–2009, and the slow recovery that followed, actions …

Why the Rich Are So Much Richer

Joseph Stiglitz with Christine Lagarde,Paris, September 2009

The Great Divide: Unequal Societies and What We Can Do About Them

by Joseph E. Stiglitz

Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity

by Joseph E. Stiglitz
In the years since the financial crisis, Joseph Stiglitz has been among the loudest and most influential public intellectuals decrying the costs of inequality, and making the case for how we can use government policy to deal with it.

High on Speed

Equinix’s 340,000-square-foot NY4 data center in Secaucus, New Jersey. The modern equivalent of the old trading floor, it houses the servers and other facilities of major stock exchanges and of myriad high-frequency trading firms looking for the ability to trade at lightning speed. The yellow trays house fiber-optic cables, through which millions of trades travel each day.

Flash Boys: A Wall Street Revolt

by Michael Lewis
With his new book, Flash Boys, Michael Lewis has made a story that very few people in America had known, or cared, anything about—the rise of high-frequency trading on Wall Street—into the object of national outrage. More than one reviewer wrote that Lewis’s book would make readers’ “blood boil.” Democrats …