The Financial Times has announced that MacroWikinomics is one of sixteen books on the longlist of competitors for the 2010 Financial Times and Goldman Sachs Business Book of the Year Award. More than 200 books were submitted for the competition. MacroWikinomics won its place on the list because of its “energetic call for commercial and political organisations to reinvent themselves or risk stagnation or collapse.”
The panel of seven judges must now select six books to go into a final shortlist. The winner is the book deemed the “most compelling and enjoyable”. This year, the winning writer will receive £30,000, while the prize money for other finalists has doubled from £5,000 to £10,000.
Wikinomics was short-listed for the Book of the Year Award in 2007.
Other books in the running this year include The Big Short, Too Big to Fail, All the Devils Are Here, and How Markets Fail.
Now in its sixth year, the Business Book of the Year Award is a feature of the business and publishing calendars. This year’s awards ceremony and dinner – attended by top names from the worlds of finance, economics, business, media and publishing – will take place in New York on October 27, 2010.
The judging panel this year includes: Jorma Ollila, chairman of Nokia and Royal Dutch Shell; Shriti Vadera, former UK government minister and adviser to South Korea’s G20 presidency; Lionel Barber, editor of the Financial Times; Helen Alexander, president of the CBI, the UK business association; Lynda Gratton, professor of management practice at London Business School; and former European commissioner Mario Monti, president of Milan’s Bocconi University and the Bruegel think-tank. Last year’s winner, Liaquat Ahamed, who went on to win a Pulitzer Prize for his book Lords of Finance, has also joined the panel.