"Early November on the Eastern Shore of Maryland is a fine time of year. The breezes off the Chesapeake Bay are sufficiently cool to turn the leaves vibrant but still mild enough to give hope for an Indian summer. In the 18th century fishermen could catch blue crab for a few more weeks; enslaved people, indentured servants, and farmers sowed the winter wheat; and women poured candles to see them through the impending winter. Although planters had long grown tobacco here, by 1732, the year John Dickinson was born, grains were more profitable as tobacco prices stagnated. Public tobacco houses still dotted the landscape, and the acrid smell of the drying weed seeped from black barns and mingled with the pungent scent of the Bay"--

Strikingly few Americans know who wrote the Constitution. Even fewer know that he was a peg-legged ladies’ man with a wicked sense of humor, a staunch opponent of slavery, and an unabashed elitist. Gouverneur Morris, who has been described as “the most colorful man in North America” at the time of the founding, was a dominant figure at the Philadelphia Convention of 1787. In fact, he spoke more often, proposed more motions, and had more motions adopted than any other delegate. He also put the Constitution into its final form, choosing the arrangement and much of the wording of its provisions, not to mention composing the famous preamble (“We the People of the United States . . .”) nearly from scratch. The Constitution’s Penman is the first book to explore the constitutional vision of this fascinating, neglected, and influential American. As Dennis Rasmussen deftly shows, some aspects of Morris’s political thought were intriguingly idiosyncratic, such as his argument that the Senate should be an aristocratic body whose members would serve life terms without pay. Other aspects of his vision for America’s constitutional order, however, were astoundingly prescient. Morris saw as clearly as any of the framers the need for a powerful executive with a popular mandate, the central role that parties would play in American politics, and the unfathomable evils that slavery would visit on American life. Rasmussen demonstrates that it is impossible to fully understand the Constitution without appreciating the central role that Morris played in shaping it.

This book traces the theory of Quaker constitutionalism from the early Quakers through Founding Father John Dickinson to Martin Luther King, Jr.

Biohistory is a revolutionary new theory that explores the biological and behavioural underpinnings of social change, including the rise and fall of civilisations. Informed by significant research into the physiological basis of behaviour conducted by author Dr Jim Penman and a team of scientists at RMIT University and the Florey Institute in Melbourne, Australia, Biohistory examines how a complex interplay between culture and biology has shaped civilisations from the Roman Empire to the modern West. Penman proposes that historical changes are driven by changes in the prevailing temperament of populations, based on physiological mechanisms that adapt animal behaviour to changing food conditions. It details the history of human society by mapping the effects of these epigenetic changes on cultures, and on historical tipping points including wars and revolutions. It shows how laboratory studies can be used to explain broad social and economic changes, including the fortunes of entire civilizations. The authors shocking conclusion is that the West is in terminal and inevitable decline, and that its only hope may lie with the biological sciences. Drawing on the disciplines of history, biology, anthropology and economics, Biohistory is the first theory of society that can be tested with some rigour in the laboratory. It explains how environment, cultural values and childrearing patterns determine whether societies prosper or collapse, and how social change can be both predictedand potentially modifiedthrough biochemistry.

Accounting for Value teaches investors and analysts how to handle accounting in evaluating equity investments. The book's novel approach shows that valuation and accounting are much the same: valuation is actually a matter of accounting for value. Laying aside many of the tools of modern finance the cost-of-capital, the CAPM, and discounted cash flow analysis Stephen Penman returns to the common-sense principles that have long guided fundamental investing: price is what you pay but value is what you get; the risk in investing is the risk of paying too much; anchor on what you know rather than speculation; and beware of paying too much for speculative growth. Penman puts these ideas in touch with the quantification supplied by accounting, producing practical tools for the intelligent investor. Accounting for value provides protection from paying too much for a stock and clues the investor in to the likely return from buying growth. Strikingly, the analysis finesses the need to calculate a "cost-of-capital," which often frustrates the application of modern valuation techniques. Accounting for value recasts "value" versus "growth" investing and explains such curiosities as why earnings-to-price and book-to-price ratios predict stock returns. By the end of the book, Penman has the intelligent investor thinking like an intelligent accountant, better equipped to handle the bubbles and crashes of our time. For accounting regulators, Penman also prescribes a formula for intelligent accounting reform, engaging with such controversial issues as fair value accounting.