The Terroir of Whiskey

“This is a stunning book in every way that a bibliophile or collector can imagine, and it’s an inspirational book in every sense that a citizen scientist or a professional ecologist can wish for.”—The Guardian

Why is the US Always at War?

A powerful portrait of the greatest humanitarian emergency of our time, from the director of Human Flow

Bah Humbug

Scroogenomics illustrates how our consumer spending generates vast amounts of economic waste—to the shocking tune of eighty-five billion dollars each winter. Economist Joel Waldfogel provides solid explanations to show us why it’s time to stop the madness and think twice before buying gifts for the holidays. looks at the issues raised in Waldfogel’s book and discusses the economic and societal consequences of gift-giving.

Paul Milgrom wins The Nobel Prize for Economics for his work on Auctions

Columbia University Press author Paul Milgrom has been awarded the Nobel Prize for Economics, with Robert Wilson, for his work on auctions.”This year’s Laureates, Paul Milgrom and Robert Wilson, have studied how auctions work. They have also used their insights to design new auction formats for goods and services that are difficult to sell in a traditional way, such as radio frequencies. Their discoveries have benefitted sellers, buyers and taxpayers around the world.”
In Discovering Prices, Paul Milgrom—the world’s most frequently cited academic expert on auction design—describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world’s growing complex resource-allocation problems.