This is the story of a 21st century revolution being led by the most unlikely of rebels: accountants. It is only the second revolution in accounting since double-entry bookkeeping emerged in medieval Italy - and it is of seismic proportions, driven by the 2008 financial crash and the environmental crisis.
The changes it will wreak are profound and far-reaching. They will transform not only the way the world does business but alter the very nature of corporate capitalism. The accounts of nations and corporations are vital to the 21st century global economy. They translate value into the language of modern times - numbers and money - in the shape of GDP and profit figures. They rule the world. But increasingly the world is coming to realise that the seemingly endless growth that capital offers us is in fact limited by the earth's resources and comes at a huge price to the planet and our own wellbeing. It simply cannot be sustained. This revolution demands that we start accounting for nature and society.
It urges us to rethink our idea of capital, insisting that the familiar categories of industrial and financial capital bequeathed by the mercantile and industrial ages be broadened to include four new categories of wealth: intellectual, human, social and natural. Incorporating them into our financial statements and GDP figures could be the only way to address the many crises we face today. Just two years ago this revolution seemed idealistic and unlikely. Today it is unfolding at speed. The sea-change year was 2012, when two key initiatives took root: an international movement to transform corporate accounting, and the rise of natural capital accounting for nations and the global economy.
Six Capitals tells the story of their rise to prominence, which signals a new age in capitalism, and evaluates their promise - and their threat. The revolution is here. But will we embrace its potential or deny its urgency? Can accountants save the planet - or will we destroy it for future generations?
The Frackers by Gregory Zuckerman, bestselling author of The Greatest Trade Ever, tells the untold story of the tycoons behind the US fracking controversy.
Things looked grim for American energy in 2006. Oil production was in steep decline and natural gas was hard to find. The Iraq War threatened the nation's already tenuous relations with the Middle East. China was rapidly industrialising and competing for resources. Major oil companies had just about given up on new discoveries on US soil, and a new energy crisis loomed. But a handful of men believed everything was about to change. By experimenting with hydraulic fracturing through extremely dense shale - a process now known as fracking - these 'wildcatters' started a revolution.
In just a few years, they solved America's dependence on imported energy, triggered a global environmental controversy - and made and lost astonishing fortunes. The frackers have already transformed the eco - nomic, environmental, and geopolitical course of history, and like the Rockefellers and the Gettys before them, they're using their wealth and power to influence politics, education, entertainment, sports, and many other fields.
Activists argue that the same methods that are creating so much new energy are also harming our water supply and threatening environmental chaos. Award-winning reporter Gregory Zuckerman gained exclusive access to the frackers, chronicling the untold story of how they transformed the nation and the world. The result is a dramatic narrative that stretches from the barren fields of North Dakota to the tense Wall Street boardrooms. The Frackers also tells the story of the angry opposition unleashed by this revolution, and explores just how dangerous fracking really is.
How did Coca-Cola build a global empire by selling a low-price concoction of mostly sugar, water, and caffeine? The easy answer is advertising, but the real formula to Coke s success was its strategy, from the start, to offload costs and risks onto suppliers, franchisees, and the government. For most of its history the company owned no bottling plants, water sources, cane- or cornfields. A lean operation, it benefited from public goods like cheap municipal water and curbside recycling programs. Its huge appetite for ingredients gave it outsized influence on suppliers and congressional committees. This was Coca-Cola capitalism. In this new history Bartow J. Elmore explores Coke through its ingredients, showing how the company secured massive quantities of coca leaf, caffeine, sugar, and other inputs. Its growth was driven by shrewd leaders such as Asa Candler, who scaled an Atlanta soda-fountain operation into a national empire, and boss Robert Woodruff, who nurtured partnerships with companies like Hershey and Monsanto. These men, and the company they helped build, were seen as responsible citizens, bringing jobs and development to every corner of the globe. But as Elmore shows, Coke was usually getting the sweet end of the deal. It continues to do so. Alongside Coke s recent public investments in water purification infrastructure, especially in Africa, it has also built less publicly a rash of bottling plants in dangerously arid regions. Looking past its message of corporate citizenship, Elmore finds a strategy of relentless growth. The costs shed by Coke have fallen on the public at large. Its annual use of many billions of gallons of water has strained an increasingly scarce global resource. Its copious servings of high-fructose corn syrup have threatened public health. Citizen Coke became a giant in a world of abundance. In a world of scarcity it is a strain on resources and all who depend on them.
Corporate social responsibility has been defined as 'the responsibility of enterprises for their impacts on society'. Is Corporate Social Responsibility (CSR) just window dressing or is it a contradiction in terms? In this Very Short Introduction, Jeremy Moon shows that CSR holds much more value than it first appears, and shows how it has come of age in recent years. Illustrating the sorts of CSR investments companies make, the ways in which they practice CSR, and the challenges this brings, Moon considers how the principles migrated from their US roots to become a global business phenomenon. Exploring the place of CSR in different economic, social, political, and managerial contexts, this short guide considers the many positives, but also challenges, that CSR can present for companies, societies, and governments worldwide. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
Get a handle on the digital currency revolution, and learn how to get on board.
The Bitcoin Big Bang is a guide to navigating the uncharted territory of digital currency. Written by CNBC contributor Brian Kelly, this book goes beyond Bitcoin 101 to explain how this transformative technology is about to change the world. Digital currency is thrown into perspective against the history of payment systems and its own evolution, as readers are invited to explore the ways in which this technology is already changing the way business gets done. Readers gain insight into the mechanisms behind Bitcoin, and an expert perspective on digital currency's effect on the future of money and the economic implications of the Bitcoin revolution.
In the same way that e-mail changed the way we transfer information, the decentralized Bitcoin network is about to revolutionize the business world, the legal profession, and even the role of the government. The Bitcoin Big Bang dives head first into this paradigm shift, allowing readers to: * Explore the origins of digital currency * Learn the history and evolution of payment systems * Discover how the Bitcoin network is facilitating free and instant transfer of value * Understand the mining of Bitcoin, and how to invest.
The digital currency revolution has implications that spread far beyond the finance industry. Anyone who exchanges payment for goods and services is on the cusp of the next big push in societal evolution, and only an understanding of the technology and a clear knowledge of the systems and behaviors at play can fully prepare us for the changes to come. The Bitcoin Big Bang is the go-to guide, helping those who use money use it better.
In The Shifts and the Shocks, Martin Wolf - one of the world's most influential economic commentators and author of Why Globalization Works - presents his controversial and highly original analysis of the economic course of the last seven years.
There have been many books that have sought to explain the causes and courses of the financial and economic crisis which began in 2007-8. The Shifts and the Shocks is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us us about modern economies and economics. The book identifies the origin of the crisis in the complex interaction between globalisation, hugely destabilising global imbalances and our dangerously fragile financial system. In the eurozone, these sources of instability were multiplied by the tragically defective architecture of the monetary union. It also shows how much of the orthodoxy that shaped monetary and financial policy before the crisis occurred was complacent and wrong. In doing so, it mercilessly reveals the failures of the financial, political and intellectual elites who ran the system.
The book also examines what has been done to reform the financial and monetary systems since the worst of the crisis passed. 'Are we now on a sustainable course?' Wolf asks. 'The answer is no.' He explains with great clarity why 'further crises seem certain' and why the management of the eurozone in particular 'guarantees a huge political crisis at some point in the future.' Wolf provides far more ambitious and comprehensive plans for reform than any currently being implemented.
Written with all the intellectual command and trenchant judgement that have made Martin Wolf one of the world's most influential economic commentators, The Shifts and the Shocks matches impressive analysis with no-holds-barred criticism and persuasive prescription for a more stable future. It is a book no-one with an interest in global affairs will want to neglect. Martin Wolf is Associate Editor and Chief Economics Commentator at the Financial Times, London. He is the recipient of many awards for financial journalism, for which he was also made a CBE in 2000. His previous books include Why Globalization Works and Fixing Global Finance.
Aged Care Who Cares? is the definitive book to the vast range of options available to senior Australians today. Whatever your financial status, current state of health or future hopes and plans, you'll find down-to-earth advice to help you make the best choices for your senior years about aged care in Australia.
HOME STAGING is becoming increasingly popular as vendors seek to increase the return from the sale of the property, and gain an advantage over other properties for sale. Author, Katrina Maes, has been home-staging for years. She helps clients work within a budget and a timeframe to best prepare their home for sale. Her experience shows ...
Covering laptops using the Windows 8 operating system, with the 8.1 update, Laptops for Seniors in Easy Steps, Windows 8.1 Edition begins by looking at some of the ergonomic issues surrounding laptops and shows how to be as comfortable as possible when using them and transporting them. It then gives an overview of the workings of laptops, including the software that is provided with them and some of the exciting new features in Windows 8.1. Issues such as using your laptop on vacation and sharing it with other family members are then looked at, to show how laptops are versatile and family-friendly. Extensive coverage is also devoted to networking and using a laptop wirelessly, with particular attention given to accessing the Internet from wireless locations (Hot Spots) such as airports, coffee shops and libraries. Laptops for Seniors in Easy Steps, Windows 8.1 Edition demonstrates that seniors can have the freedom to take their computing and wireless technology with them at all times and be fully paid up members of the mobile computing revolution.
Cowen delivers his magnum opus on where we are headed. It begins with one big, uncomfortable truth: if you're not at the top, you're at the bottom because a steady, secure life somewhere in the middle is over. Cowen reveals the essential nature of the new economy: how things will get better and provides practical advice on the best path forward. Average Is Over is a must-read book for entrepreneurs, workers and anyone who wants to thrive in the post-recession economic landscape.
Inequality is more than just economics, it is the culture that divides and makes social mobility almost impossible. Leading geographer Danny Dorling goes in pursuit of the latest research into how the lives and ideas of the 1% impact on the remaining 99%; and the findings are shocking. Inequality in the UK is increasing; more and more people are driven towards the poverty line. Even before birth, being born outside the 1% will have dramatic impact on the rest of your life: it will reduce your life expectancy, educational and work prospects, as well as your mental health. In this book, filled with illustrations and infographics that bring the facts to life, Dorling convincingly proves that the cost of the super rich is just too high for us.
Sendhil Mullainathan, the 'most interesting young economist in the world', and Eldar Shafir, the 'most brilliant psychologist' of his generation, explain the hidden problem behind everything with Scarcity. Why can we never seem to keep on top of our workload, social diary or chores? Why does poverty persist around the world? Why do successful people do things at the last minute in a sudden rush of energy? Here, economist Sendhil Mullainathan and psychologist Eldar Shafir reveal that the hidden side behind all these problems is that they're all about scarcity. Using the new science of scarcity, they explain why obesity is rampant; why people find it difficult to sleep when most sleep deprived; and why the lonely find it so hard to make friends. Scarcity will change the way you think about both the little everyday tasks and the big issues of global urgency. Stars in their respective disciplines, and the combination is greater than the sum of its parts. Their project has a unique feel to it: it is the finest combination of heart and head that I have seen in our field . (Daniel Kahneman, author of Thinking, Fast and Slow). Scarcity is a captivating book, overflowing with new ideas, fantastic stories, and simple suggestions that just might change the way you live . (Steven D. Levitt, coauthor of Freakonomics). An ultimately humane and very welcome book . (Oliver Burkeman, Guardian). Sendhil Mullainathan is a Professor of Economics at Harvard, and a recipient of a MacArthur Foundation genius grant . He conducts research on development economics, behavioural economics, and corporate finance. He is Executive Director of Ideas 42, Institute of Quantitative Social Science, Harvard University. Eldar Shafir is William Stewart Tod Professor of Psychology and Public Affairs at Princeton University. Most of his work focuses on descriptive analyses of inference, judgment, and decision making, and on issues related to behavioural economics.
The best-selling guide to Australia's top stocks, updated for 2015.
Top Stocks 2015: A Sharebuyer's Guide to Leading Australian Companies is the definitive guide to the best stocks to buy on the Australian sharemarket. With all the key information in an easy-to-read format, this book allows even inexperienced investors the chance to build an impressive portfolio. Cut through the noise and hype to find clear, objective information on each of Australia's top companies, with a focus on profitability, debt levels and dividends. Over 100 charts and tables give you easy access to each company's financial data in a format that allows for quick comparison, helping you make informed decisions about your financial future.
Every investor-no matter how big or small the portfolio-must look beyond share prices and examine key information about the companies they're considering as investments. In this 21st Edition, Martin Roth applies his tried-and-tested selection criteria and rigorous analysis to determine the best public companies in Australia for 2015. This resource profiles the companies that met a meticulous set of criteria, distilled to a concise selection of premium purchases across market sectors, allowing readers to: * Get individual, unbiased analysis of the latest results from top Australian companies * Compare sales and profit data, with in-depth ratio analysis * Study the comprehensive research detailing each company's overall outlook * Easily visualize how each company measures up in tables that rank by financial data
Why wade through individual company reports when all the information you need about the nation's best companies is bound in a single easy-to-read volume? Leave the complex data to the analysts and focus on the clear winners. With Top Stocks 2015, you get the data you need and the expert insight you trust.
Serial founder Remo Giuffre (REMO General Store, General Thinking and TEDxSydney) has taken his skills as a merchant and communicator and applied them with trademark candour to his own life as an entrepreneur and brand builder. This visual memoir (there are almost 800 full colour images in the book) of interwoven stories examines the experiences - both great successes and brilliant failures - that have guided and shaped him along the way. It's a book about work. It's a book about love. It's about him, but also about us. Remo is a fearless changemaker. He inspires us with tales of building community, and the empowerment that comes from joyful engagement and persistence. This is a book for dreamers, thinkers and doers.
China's changing course, and sustainable success requires a shift in strategy.
The End of Copycat China helps business executives and investors understand how China's economy is shifting from one based on heavy investment to one on services and consumption by providing insight that help shape effective strategy. Drawing from over 50,000 interviews with entrepreneurs, venture capitalists, private equity investors, private Chinese companies, and multinationals, this book describes how Chinese firms are increasingly focused on innovation rather than copying what worked in America and how consumers are evolving with their hopes, dreams and aspirations. China's growth model of the last three decades is becoming increasingly ineffective, as relying on heavy investment and exports is becoming less and less feasible. Fifty percent of China's growth in 2013 stemmed from consumption, the government is establishing a Free Trade zone in Shanghai and ending the dominance of state-owned enterprises.
This book provides a roadmap for companies and investors looking to navigate these changes and capture emerging trends, with deep insight and practical guidance on what innovation looks like in the new China. * Survey the development of innovation taking place in China's economy, from an insider's perspective * Consider the changes that must take place to shore up the broken growth model * Examine the consumer trends emerging in the midst of rapid market evolution * Understand how China's rise will impact its neighbours like Japan, Vietnam, Indonesia, and Cambodia.
China's dramatic shift toward consumption presents a tremendous opportunity for foreign business, but traditional tactics are outdated at best, financially fatal at worst, as local competitors focus on innovation and move up the value chain and as consumers look for new brands and categories to spend money on. New strategies are needed to keep pace with the changing regulatory and consumer environments, and business as usual won't get very far. The End of Copycat China is the business guide to this emerging market, with expert guidance from the inside.
Inside the world of the real Great Gatsby of New York real estate.
Harry Macklowe is one of the most notorious wheelers and dealers of the real estate world, and Liar's Ball is the story of the gamblers and thieves who populate his world. Watch as Harry makes the gutsy bid for midtown Manhattan's famous GM building and put almost no money down, landing the billion-dollar transaction that made him the poster child for New York's real estate royalty. Listen in on the secret conversations, back-door deals, and blackmail that put Macklowe and his cronies on top-and set them up for an enormous fall.
Vanity Fair contributing editor Vicky Ward skillfully paints the often scandalous picture of the giants who owned the New York skyline until their empires came crumbling down in the 2008 financial crisis. Based on more than 200 interviews with real estate moguls like Donald Trump, William Zeckendorf, Mort Zuckerman, and David Simon, Liar's Ball is the never-before-told story of the egomaniacal elites of New York City. Read about: * The epic rise and fall of one of the richest American real estate barons * Outlandish greed and cravings for power, attention, and love * Relationships built and destroyed by vanity and gossip * The bursting of the real estate bubble and its aftermath.
This is no fiction-this is a real life tale of extravagance, ambition, and power. Harry Macklowe ruthlessly clawed his way to the top with the help of his loyal followers, each grubbing for a piece of the real estate pie. Liar's Ball reveals their secrets and tells the tale of business as usual for this group-lying, backstabbing, and moving in for the kill when things look patchy. From the bestselling author of The Devil's Casino comes an expos??? on the real estate elite that you'll hardly believe.
Many women today wonder: what will it take to get that seat at the boardroom table? Earn that coveted promotion? Or simply have their voices heard? Taking the Stage provides a comprehensive, proven approach that enables women to come forward into the spotlight and speak up, stand out, and succeed.
Based on a program from the Humphrey Group that has been delivered to over 400,000 women worldwide, Taking the Stage shows women--no matter their age, rank, or profession--how to communicate with courage and confidence in every situation, from formal speeches to brief hallway conversations. Judith Humphrey provides the inspiration and practical advice for women to take the stage mentally, verbally, vocally, and physically. Women can make the most of every opportunity by understanding how best to: * Speak up confidently, even when others don't agree; * Convey their accomplishments without self-doubt; * Be assertive but not aggressive; * Deliver clear and convincing messages; * Move beyond minimising language and apology; * Find their own powerful and authentic voice; * Achieve confident body language and a leadership presence.
By applying these techniques and others to every communication-- whether making a presentation, speaking at meetings, conducting an elevator conversation, or selling themselves in job interviews--women will be recognised as the leaders they are and attain positions of influence.
For women at all stages of their career, and for managers and executives committed to supporting and guiding women on their leadership journeys, Taking the Stage is the practical, broad-based solution that will allow women to speak up confidently, gain respect, earn the promotions they deserve, and secure their places at the boardroom table.
The fascinating story behind the company that revolutionized the financial world.
Catching Lightning in a Bottle traces the complete history of Merrill Lynch and the company's substantial impact on the world of finance, from the birth of the once-mighty company to its inauspicious end. Throughout its ninety-four year history, Merrill Lynch revolutionised finance by bringing Wall Street to Main Street, operating under a series of guidelines known as the Principles. These values allowed the company to gain the trust of small investors by putting the clients' interests first, driving a business trajectory that expanded capital markets and fueled the growth of the American post-war economy. Written by the son of Merrill Lynch co-founder Winthrop H. Smith, this book describes the creation and evolution of the company from Charlie Merrill's one-man shop in 1914 to its acquisition by Bank of America in 2008.
Author Winthrop H. Smith Jr. spent twenty-eight years at the company his father co-founded, bringing a unique perspective to bear in telling the story of the company that democratized the stock market and eventually fell from its lofty perch. * Learn why the industry initially scoffed at Charles Merrill's radical investment ideas * Discover the origin of the Principles, and how they drove operations for nearly a century * Find out why the author left a successful Wall Street career, and why it was such a smart move * Examine the culture and values that built Merrill Lynch into one of the world's most successful and respected companies.
Revolutionary vision is rare, and enduring success is even more so. When a single organization demonstrates both of those characteristics, it is felt throughout the world. Discover the fascinating story behind Merrill Lynch and the men who built it from an insider's perspective in Catching Lightning in a Bottle.