Werner Hoyer, Stephen S. Roach, and more for PS Read More

The Avoidable War, by Kevin Rudd; Fooled by Randomness, by Nassim Nicholas Taleb; and more The PS Say More Newsletter | [View this message in a web browser]( [PS Read More]( In this week's edition of PS Read More, we share recommendations from Werner Hoyer, President of the European Investment Bank. We also highlight a brand new work by Yale's Stephen S. Roach, a former chairman of Morgan Stanley Asia. And don't miss recommendations from the London Business School's Lucrezia Reichlin and the University of Chicago Law School's Eric Posner, a counsel for the US Department of Justice Antitrust Division. Sponsored [1440: News without motives]( Every morning, 1440 scours over 100 sources and compiles all of the most important stories on culture, science, sports, politics, business, and everything in between. The result is a nifty little newsletter that takes only five minutes to read – making it the fastest way to an informed and impartial point of view. [Sign up for 1440]( and read your first newsletter now. [1440 Newsletter: News without motives]( Werner Hoyer Recommends... to Avoid a Climate Disaster:]( [Economic Citizenship in Twentieth-Century America]( By [Bill Gates]( This book offers not only a revealing survey of the disastrous potential of climate change, but also a compelling appreciation of the essential role that technology will play in mitigating the risks. At a time of increasingly bleak climate news, Gates gives us reason to believe in the ingenuity of our scientists, and pushes investors to increase their support for it. Read Connie Hedegaard's [interview with Gates]( about the book. [Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets]( By Nassim Nicholas Taleb Taleb explores the role of random events in finance and other contexts, offering insights that – from my perspective, based on my experience – also apply to politics. If you ever think you have everything under control, think again. [21 Lessons for the 21st Century]( By Yuval Noah Harari After examining our past in [Sapiens: A Brief History of Humankind]( Harari has written a book focused squarely on the challenges we face today. With his trademark focus on the big picture, he draws connections between humanity’s progress, the role of technology, and our own identities and sense of meaning. [Talking to Strangers: What We Should Know about the People We Don't Know]( By Malcolm Gladwell Before taking the helm of the European Investment Bank, I was a politician for three decades. I truly believe that the realms of finance and politics have important lessons for each other. A common trait across the two worlds is the role of trust and human relations in shaping decisions and driving change. This book helps us to understand why we interact with one another the way we do, and to recognize the biases and prejudices we bring to our encounters with others. [The Avoidable War: The Dangers of a Catastrophic Conflict between the US and Xi Jinping’s China]( By [Kevin Rudd]( This is a crucial book right now. At a time when we are facing threats like climate change and food insecurity, and attempting to achieve the Sustainable Development Goals, humanity cannot afford a deeper geopolitical crisis. Rudd’s book gives valuable insights into US-China tensions, and proposes measures to avoid an escalation that could usher in a dark new era. Read Project Syndicate's [interview with Rudd]( on the book. Join Hoyer at our next virtual event, [Investing in Health for All]( where he and WHO Director-General Tedros Adhanom Ghebreyesus will engage in a fireside chat and Q&A with international media. [Register now]( and tune in live on October 3. By a PS Contributor [Accidental Conflict: America, China, and the Clash of False Narratives]( By [Stephen S. Roach]( Roach says: “In the past five years, the United States and China have become embroiled in a trade war, a tech war, and now a new cold war. In Accidental Conflict, I argue that the world’s two most powerful countries would not have entered this ominous trajectory of conflict escalation had it not been for the false narratives that each embraces about the other. America’s fixation on its trade deficit with China and China’s failed pro-consumption rebalancing strategy are leading cases in point. Amplified by information distortion (America) and state-sponsored censorship (China), I warn that this confluence of false narratives has become the high-octane fuel of conflict escalation that could be ignited by any number of sparks, not least tensions over Taiwan. To avoid a catastrophic clash between the leading and rising power, I conclude with a plan for conflict resolution, featuring a market-opening Bilateral Investment Treaty and a new architecture of engagement centered around a detailed proposal for a US-China secretariat." In his latest commentary, "China’s Growth Sacrifice," Roach argues that three factors have shaved nearly 3.5 percentage points from the country's annual output gains since 2012. [Click here to read](. More Contributor Recommendations Lucrezia Reichlin Recommends... [Money and Government: The Past and Future of Economics]( By [Robert Skidelsky]( Understanding the relationship between money and government is essential to grasping the relationship between monetary and fiscal policy. Skidelsky brings history and theory to bear on the question, emphasizing the role of power in shaping economic ideas, reminding us that those ideas can be understood only in historical context. (From 2020) [Read more](. --------------------------------------------------------------- Eric Posner Recommends... [Conservativism: The Fight for a Tradition]( By Edmund Fawcett Essential political terms like “conservatism” and “liberalism” seem to have lost their meaning in public and even academic discussion. Only a historical narrative tracing the evolution of these terms offers any hope of restoring it. That is what Fawcett supplies: a balanced and informative history of conservative thought. It pairs well with Helena Rosenblatt’s [The Lost History of Liberalism: From Ancient Rome to the Twenty-First Century]( which also impressed me when I read it a few years ago. (From 2021) [Read more](. 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