Business Book of the Year 2012: Shortlist

Business Book of the Year 2012The 2012 Financial Times and Goldman Sachs Business Book of the Year Award has closed to entries and a shortlist has been announced.

The six business books short-listed for the award are:

Why Nations Fail: The Origins of Power, Prosperity and Poverty by Daron Acemoglu and James A. Robinson – A book that argues it’s not climate, geography or culture that makes nations succeed or fail but the institutions. The new theory is that people need to know that if they work hard they can keep their money and institutions that create and encourage a virtuous circle of innovation, expansion and peace lead to prosperity.

The Hour Between Dog and Wolf: Risk-taking, Gut Feelings and the Biology of Boom and Bust by John Coates. Neuroscientist and former Wall Street trader Coates looks at the concept that its not just the brain but the body that also thinks. He talks about the biological responses to business situations and then shows there may be a link between boom and bust cycles.

Private Empire: Exxon Mobil and American Power by Pulitzer Prize winner Steven Coll, investigates the worldwide influence of oil giant Exxon Mobil Corporation and whether it holds more sway than American Embassies.

Steve Jobs: The Exclusive Biography by Walter Isaacson is the best-selling bio of Apple co-founder Steve Jobs. Isaacson had an unprecedented level of access to Apple supremo Jobs before his death in October 2011. This biography tells the tale of Jobs’ rise from being abandoned as a baby to being one of the most admired businessmen in the world, with Apple being recently acknowledged as the most valuable business in the world.

What Money Can’t Buy: The Moral Limits of Markets is Michael Sandel’s view that we have gone from having a market economy to actually being a market society. Sandel’s book takes a long look at the issues that money and the markets take for granted and examines the ethics of what we could or should do about it.

Last year’s FT/Goldman Sachs winner was Poor Economics: Barefoot Hedge-fund Managers, DIY Doctors and the Surprising Truth about Life on less than $1 a Day by Abhijit V. Banerjee and Esther Duflo.

The winner of the 2012 Financial Times and Goldman Sachs Business Book of the Year Award will be announced at a dinner in New York on 1st November. The winner will receive a £30,000 prize.

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