21st Century Monetary Policy takes readers inside the Federal Reserve, explaining what it does and why.
In response to the COVID-19 pandemic, the Federal Reserve deployed an extraordinary range of policy tools that helped prevent the collapse of the financial system and the U.S. economy. Chair Jerome Powell and his colleagues lent directly to U.S. businesses, purchased trillions of dollars of government securities, pumped dollars into the international financial system, and crafted a new framework for monetary policy that emphasized job creation.
These strategies would have astonished Powell’s late-20th-century predecessors, from William McChesney Martin to Alan Greenspan, and the advent of these tools raises new questions about the future landscape of economic policy.
In 21st Century Monetary Policy, Ben S. Bernanke―former chair of the Federal Reserve and one of the world’s leading economists―explains the Fed’s evolution and speculates on its future. Taking a fresh look at the bank’s policymaking over the past seventy years, including his own time as chair, Bernanke shows how changes in the economy have driven the Fed’s innovations. He also lays out new challenges confronting the Fed, including the return of inflation, cryptocurrencies, increased risks of financial instability, and threats to its independence.
Beyond explaining the central bank’s new policymaking tools, Bernanke also captures the drama of moments when so much hung on the Fed’s decisions, as well as the personalities and philosophies of those who led the institution.

'What is a self, and how can a self come out of inaminate matter?' This is the riddle that drove Hofstadter to write this extraordinary book. Linking together the music of J.S. Bach, the graphic art of Escher and the mathematical theorems of Godel, as well as ideas drawn from logic, biology, psychology, physics and linguistics, Douglas Hofstadter illuminates one of the greatest mysteries of modern science: the nature of human thought processes. 'Every few decades an unknown author brings outa book of such depth, clarity, range, wit, beauty and originality that it is recognized at once as a major literary event. This is such a work' - Martin Gardner

A series of spiritual exercises filled with wisdom, practical guidance, and profound understanding of human behavior, Marcus Aurelius’s Meditations remains one of the greatest works of spiritual and ethical reflection ever written. Marcus’s insights and advice—on everything from living in the world to coping with adversity and interacting with others—have made the Meditations required reading for statesmen and philosophers alike, while generations of ordinary readers have responded to the straightforward intimacy of his style.
In Gregory Hays’s new translation—the first in a generation—Marcus’s thoughts speak with a new immediacy: never before have they been so directly and powerfully presented.

The sixteenth and seventeenth centuries witnessed such fervent investigations of the natural world that the period has been called the 'Scientific Revolution.' New ideas and discoveries not only redefined what human beings believed, knew, and could do, but also forced them to redefine themselves with respect to the strange new worlds revealed by ships and scalpels, telescopes and microscopes, experimentation and contemplation. Driven by religious devotion, by practical need, by the promise of fame and profit, or by the simple desire to know, a broad range of thinkers and workers explored and reconceptualized the world around them. Explanatory systems were made, discarded, and remade by some of the best-known names in the entire history of science - Copernicus, Galileo, Newton - and by many others less recognized but no less important. In this Very Short Introduction Lawrence M. Principe explores the exciting developments in the sciences of the stars (astronomy, astrology, and cosmology), the sciences of earth (geography, geology, hydraulics, pneumatics), the sciences of matter and motion (alchemy, chemistry, kinematics, physics), the sciences of life (medicine, anatomy, biology, zoology), and much more. The story is told from the perspective of the historical characters themselves, emphasizing their background, context, reasoning, and motivations, and dispelling well-worn myths about the history of science.