False Economy: A Surprising Economic History of the World

It may make you feel better to read Financial Times journalist Alan Beattie describing how nothing in economic history is inevitable or permanent. Though he spends little time dwelling on our current economic woes, Beattie chronicles where successful economies diverged, how politics meddled in free markets, and when observers have drawn false conclusions. In a history peppered with witty British asides, Beattie succinctly illustrates the curse Steinbeck probed in The Pearl -- namely, that coveted natural resources are often more trouble than they're worth. Cases in point: Dutch tulip exporters were among the legions of workers who could no longer compete in the global economy once the discovery of oil reserves made their country's currency strong enough to price Dutch products out of the market; prostitution and drug addiction ensnare mining communities from Africa to Latin America; and to top it all off, corrupt leaders mismanage prized resources for their own immediate gain, rendering those resources a scourge to some previously diversified economies. After debunking the notion that Islam is anathema to wealth creation (as some pundits claimed after September 11, 2001, attempting to explain the appeal of terrorism), Beattie takes you to the local supermarket to unravel how anti-drug policies got us dependent on Peruvian asparagus. Peru benefited from a 1991 trade deal intended to incentivize farmers to grow crops other than coca for cocaine. Lower tariffs and financial assistance, rooted in a social reform agenda, are what made Peru into Asparagus Central, much to the dismay of U.S. farmers, who have found it hard to compete. In the end, you're left with the assertion that no superpower is destined to stay that way forever, unless of course, superlative decisions prevail. In other words: Godspeed, developed world.

July 24: On this day in 1725 John Newton, the slave trader-preacher who wrote the hymn "Amazing Grace," was born.

Crime fiction legends Dennis Lehane and Michael Connelly discuss the new book that unites their beloved sleuths Patrick Kenzie and Harry Bosch.

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Paradise and Elsewhere

Canadian short story marvel Kathy Page emerges as the Alice Munro of the supernatural from these heartfelt tales of shapeshifting swimmers, mild-mannered cannibals, and personality-shifting viruses transmitted through kisses.

Pastoral

When a persuasive pastor arrives in a sleepy farm town, his sage influence has otherworldly results (talking sheep, a mayor who walks on water). But can he pull off the miracle of finding kindly local Liz Denny the love of her life?  Small wonder looms large in this charmer from Andre Alexis.

The Hundred-Year House

When a poetry scholar goes digging through the decrepit estate of his wife's family to uncover a bygone arts colony's strange mysteries, he awakens a tenacious monster: his mother-in-law. A wickedly funny take on aging aristocracies from author Rebecca Makkai (The Borrower).