Listen to this article
Two of 2014’s most controversial books – Thomas Piketty’s Capital in the Twenty-First Century and Michael Lewis’s Flash Boys– will go head to head in an attempt to become the Financial Times’s 10th business book of the year.
They join a longlist of 16 contenders for the award, backed for the first time in 2014 by McKinsey.
Piketty’s book about rising inequality – published in French in 2013 but eligible for the 2014 prize in its English translation – was criticised by the FT for data errors but fiercely defended by the author. Lewis has caused a storm with his argument that high-frequency traders rig the equity markets.
Other longlisted books stirring up debate are Hack Attack, Nick Davies’s investigation of the impact of the UK phone-hacking scandal on Rupert Murdoch’s media empire, and The Glass Closet, Lord Browne’s analysis of why lesbian, gay, bisexual and transgender staff still feel compelled to hide their sexuality at work – as the former BP chief did.
Erik Brynjolfsson and Andrew McAfee have also created waves with The Second Machine Age about the promise of new technology. Walter Isaacson makes the longlist with The Innovators, out in October, on the people behind the digital revolution. Julia Angwin looks at the dark side of data in Dragnet Nation.
Entrepreneurial and management insights are offered by Creativity, Inc, Ed Catmull’s memo for managers from inside Pixar, the animation studio he co-founded, and by venture capitalist Ben Horowitz in The Hard Thing About Hard Things, on how to build a business. These titles are complemented by Daniel Schulman’s sweeping history of the Koch corporate dynasty, Sons of Wichita.
The causes and consequences of the financial crisis continue to preoccupy authors. Ian Fraser takes another look at what went wrong at Royal Bank of Scotland in Shredded. Fragile by Design, by Charles Calomiris and Stephen Haber, seeks the roots of the banking crisis. Atif Mian and Amir Sufi examine the causes of the recession in House of Debt, while Diane Coyle’s GDP offers “a brief but affectionate history” of the much misunderstood economic measure.
The judges of the award will select a shortlist of up to six finalists on September 24. The £30,000 prize will be awarded on November 11.
|Covers||Book Titles||Author/s||Publisher & Publication Date|
|Capital in the Twenty-First Century||Thomas Piketty||Belknap Press/ Harvard University Press, April 2014|
|China’s Second Continent: How a Million Migrants Are Building a New Empire in Africa||Howard W. French||Alfred A. Knopf, May 2014|
|Creativity, Inc: Overcoming the Unseen Forces that Stand in the Way of True Inspiration||Ed Catmull||Bantam Press/Transworld Publishers (UK), Random House (US), April 2014|
|Dragnet Nation: A Quest for Privacy, Security, and Freedom in a World of Relentless Surveillance||Julia Angwin||Times Books/Henry Holt, February 2014|
|Flash Boys: A Wall Street Revolt (US title)||Michael Lewis||W. W. Norton Ltd (US), March 2014|
|Flash Boys: Cracking the Money Code (UK title)||Michael Lewis||Allen Lane/ Penguin Press (UK), March 2014|
|Fragile by Design: The Political Origins of Banking Crises and Scarce Credit||Charles W. Calomiris and Stephen H. Haber||Princeton University Press, March 2014|
|GDP: A Brief but Affectionate History||Diane Coyle||Princeton University Press, March 2014|
|Hack Attack: How the Truth Caught up With Rupert Murdoch||Nick Davies||Chatto & Windus (UK), Faber & Faber (US), July 2014|
|House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It From Happening Again||Atif Mian and Amir Sufi||University of Chicago Press, June 2014|
|Shredded: Inside RBS, the Bank that Broke Britain||Ian Fraser||Birlinn Ltd, June 2014|
|Sons of Wichita: How the Koch Brothers Became America’s Most Powerful and Private Dynasty||Daniel Schulman||Grand Central Publishing, May 2014|
|The Boom: How Fracking Ignited the American Energy Revolution and Changed the World||Russell Gold||Simon & Schuster, April 2014|
|The Glass Closet: Why Coming Out is Good Business (US Cover)||John Browne|| HarperCollins/|
HarperBusiness (US), May 2014
|The Glass Closet: Why Coming Out is Good Business (UK Cover)||John Browne||WH Allen/Ebury Publishing (UK), May 2014|
|The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers||Ben Horowitz||HarperCollins/ HarperBusiness, March 2014|
|The Innovators: How a Group of Hackers, Geniuses, and Geeks Created the Digital Revolution||Walter Isaacson||Simon & Schuster, October 2014|
|The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies||Erik Brynjolfsson and Andrew McAfee||W. W. Norton Ltd, February 2014|