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兀賮賰丕乇 噩丿賷丿丞 賲賳 丕賯鬲氐丕丿賷賷賳 乇丕丨賱賷賳: 賲丿禺賱 賱賱賮賰乇 丕賱丕賯鬲氐丕丿賷 丕賱丨丿賷孬
賰賱賳丕 賷鬲兀孬乇 亘丕賱爻賷丕爻丕鬲 丕賱丕賯鬲氐丕丿賷丞 丕賱丨賰賵賲賷丞 賵亘丕賱賯乇丕乇丕鬲 丕賱丕賯鬲氐丕丿賷丞 賱賱賯胤丕毓 丕賱禺丕氐貙 賵賱丕 賷賲賰賳 賱兀賷 賮乇丿 兀賳 賷禺胤胤 賱賱賲爻鬲賯亘賱 丕賱匕賷 爻賷丨賷丕 賵賷毓賲賱 賮賷賴 賴賵 賵兀亘賳丕丐賴 丿賵賳 兀賳 賷賰賵賳 毓賱賶 丿乇丕賷丞 亘丕賱賯賵賶 丕賱鬲賷 鬲卮賰賱 丕賱丨賷丕丞 丕賱丕賯鬲氐丕丿賷丞. 廿囟丕賮丞 廿賱賶 兀賳 丕賱廿賱賲丕賲 亘賲禺鬲賱賮 丕賱兀賮賰丕乇 丕賱丕賯鬲氐丕丿賷丞 賲賳 卮兀賳賴 兀賳 賷爻丕毓丿 兀賷 廿賳爻丕賳 毓賱賶 賮賴賲 丕賱賰賷賮賷丞 丕賱鬲賷 鬲丐孬乇 亘賴丕 兀賷 爻賷丕爻丕鬲 噩丿賷丿丞 毓賱賶 丕賱丕賯鬲氐丕丿.
賷賮爻乇 賴匕丕 丕賱賰鬲丕亘 賲禺鬲賱賮 丕賱賳馗乇賷丕鬲 丕賱丕賯鬲氐丕丿賷丞 丕賱丨丿賷孬丞貙 賵賮賷賴 賷賲丿賳丕 丕賱賰丕鬲亘 亘賲丿禺賱 卮丕卅賯 賵噩賱賷 賱賱兀賮賰丕乇 丕賱乇卅賷爻賷丞 賮賷 毓賱賲 丕賱丕賯鬲氐丕丿 賲賳 禺賱丕賱 丿乇丕爻丞 丕賱丕賯鬲氐丕丿賷賷賳 丕賱毓馗丕賲 丕賱匕賷賳 卮賰賱賵丕 賲賱丕賲丨 賴匕丕 丕賱毓賱賲. 賵亘丿賱賸丕 賲賳 丕賱賳賲丕匕噩 丕賱卮賰賱賷丞 賵丕賱乇爻賵賲 丕賱賲毓賯丿丞 丕賱鬲賷 鬲賲賱兀 賰鬲亘 毓賱賲 丕賱丕賯鬲氐丕丿 丕賱鬲賯賱賷丿賷丞貙 賷毓乇囟 丕賱賰丕鬲亘 卮乇賵丨賸丕 賵丕囟丨丞 賲購亘賻爻賻賾胤賻丞 賵兀賲孬賱丞 賲賱丕卅賲丞 賱賱爻賷丕賯. 廿賳賴 丕賱賰鬲丕亘 丕賱賲孬丕賱賷 賱賰賱 賲賳 賷乇賷丿 丕賱鬲毓乇賮 毓賱賶 鬲胤賵乇 毓賱賲 丕賱丕賯鬲氐丕丿 賵兀亘乇夭 丕賱卮禺氐賷丕鬲 丕賱鬲賷 卮賰賱鬲 賴匕丕 丕賱毓賱賲.
鬲丨賲賷賱 賲賯鬲胤賮丕鬲 賲賳 賴匕丕 丕賱賰鬲丕亘 賲噩丕賳賸丕
http://www.hindawi.org/kalimat/50264207/
賷賮爻乇 賴匕丕 丕賱賰鬲丕亘 賲禺鬲賱賮 丕賱賳馗乇賷丕鬲 丕賱丕賯鬲氐丕丿賷丞 丕賱丨丿賷孬丞貙 賵賮賷賴 賷賲丿賳丕 丕賱賰丕鬲亘 亘賲丿禺賱 卮丕卅賯 賵噩賱賷 賱賱兀賮賰丕乇 丕賱乇卅賷爻賷丞 賮賷 毓賱賲 丕賱丕賯鬲氐丕丿 賲賳 禺賱丕賱 丿乇丕爻丞 丕賱丕賯鬲氐丕丿賷賷賳 丕賱毓馗丕賲 丕賱匕賷賳 卮賰賱賵丕 賲賱丕賲丨 賴匕丕 丕賱毓賱賲. 賵亘丿賱賸丕 賲賳 丕賱賳賲丕匕噩 丕賱卮賰賱賷丞 賵丕賱乇爻賵賲 丕賱賲毓賯丿丞 丕賱鬲賷 鬲賲賱兀 賰鬲亘 毓賱賲 丕賱丕賯鬲氐丕丿 丕賱鬲賯賱賷丿賷丞貙 賷毓乇囟 丕賱賰丕鬲亘 卮乇賵丨賸丕 賵丕囟丨丞 賲購亘賻爻賻賾胤賻丞 賵兀賲孬賱丞 賲賱丕卅賲丞 賱賱爻賷丕賯. 廿賳賴 丕賱賰鬲丕亘 丕賱賲孬丕賱賷 賱賰賱 賲賳 賷乇賷丿 丕賱鬲毓乇賮 毓賱賶 鬲胤賵乇 毓賱賲 丕賱丕賯鬲氐丕丿 賵兀亘乇夭 丕賱卮禺氐賷丕鬲 丕賱鬲賷 卮賰賱鬲 賴匕丕 丕賱毓賱賲.
鬲丨賲賷賱 賲賯鬲胤賮丕鬲 賲賳 賴匕丕 丕賱賰鬲丕亘 賲噩丕賳賸丕
http://www.hindawi.org/kalimat/50264207/
408 pages, Paperback
First published January 1, 1989
287 people are currently reading
3,933 people want to read
About the author
Todd G. Buchholz
14听books23听followersA well-known American economist and a former senior economic advisor at the White House, Buchholz holds advanced degrees from Cambridge University and Harvard, where he won the Allyn Young Teaching Prize. Buchholz is known for being on the short list for Federal Reserve considerations in 2006. He frequently writes for newspapers such as The New York Times and The Wall Street Journal, in addition to appearing as a commentator on NBC, CNBC, Fox News, and PBS. His books have been translated into over 15 languages.
Buchholz resides primarily in San Diego, California, but travels around the world speaking to various companies, including Microsoft and Citibank, about the worldwide economic issues. Buchholz is involved in several business, real estate, and design companies, including Wetamorph and the Two Oceans Fund. He is one of the founding producers of Jersey Boys.
Buchholz resides primarily in San Diego, California, but travels around the world speaking to various companies, including Microsoft and Citibank, about the worldwide economic issues. Buchholz is involved in several business, real estate, and design companies, including Wetamorph and the Two Oceans Fund. He is one of the founding producers of Jersey Boys.
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Displaying 1 - 30 of 186 reviews
September 28, 2012
A comprehensive but ideologically biased economics history
There are a couple of points that are good to know before you pick up this short economics history. First, the title is misleading, it is not 鈥渘ew ideas鈥�, but just 鈥渋deas鈥� form dead economists. Second, it is not only theories (ideas), but also biography (at least sometimes). The latter is where the book fails the most. I鈥檒l come back to this later.
This is a history of ideas book, but it is also a saga of how modern economy (the dismal science) came to life. This epics starts, naturally, with the Physiocrats and Adam Smith. Modern free-marketeers and Republicans have taken for themselves Smith鈥檚 theories. They place them in the ideological camp against Big Government. But 鈥淭he Wealth of Nations鈥� starts with a critique to Mercantilism and its focus on money. Wealth, in Smith鈥檚 view, is productive, not monetary. Of course the Spanish Empire learned this the hard way after bringing gold and silver from America. This new theoretical framework for wealth is the real revolution. One wonders what Smith would have thought of modern finance, with its obsession with paper money and fancy instruments that are several levels of abstraction removed from real wealth. In this sense, Adam Smith is more of an Economics Theory Foundation figure, and not so much a piece to place on one side or the other of the ideological camp.
Buchholz traces how economics develops from this early foundation, explaining Malthus, Ricardo, Alfred Marshal invention of the economic supply and demand curves, and then moving forward to modern economics from Keynes to Behaviorists. The book is very successful in presenting all these theories in a coherent framework and a small package.
There are, however, two big problems with 鈥淣ew Ideas from Dead Economists鈥�. The first is how biography is misused. The book presents mainly ideas, and in most cases biography is used to move the prose forward. But when the author doesn鈥檛 agree with a theory, he spends more time on the economists鈥� flaws. Marx is portrayed as a drunken, money waster youth, negligent provider for his family. I don鈥檛 see how this is relevant at all in understanding his theories鈥攊t is a fun story, but that鈥檚 a different type of book. Buchholz critique of Marxism is tinted with this (irrelevant) biographical information. In my opinion, this is not a very honest way of debating economics.
The other problem is his uses of examples. Marshall is praised with many illustrations that 鈥減rove鈥� him right. Malthus, the opposite. With almost every economic theory on can find examples to prove or disprove it. So one wonders how these examples were chosen, and if this is just confirmation bias on the part of the author.
There are a couple of points that are good to know before you pick up this short economics history. First, the title is misleading, it is not 鈥渘ew ideas鈥�, but just 鈥渋deas鈥� form dead economists. Second, it is not only theories (ideas), but also biography (at least sometimes). The latter is where the book fails the most. I鈥檒l come back to this later.
This is a history of ideas book, but it is also a saga of how modern economy (the dismal science) came to life. This epics starts, naturally, with the Physiocrats and Adam Smith. Modern free-marketeers and Republicans have taken for themselves Smith鈥檚 theories. They place them in the ideological camp against Big Government. But 鈥淭he Wealth of Nations鈥� starts with a critique to Mercantilism and its focus on money. Wealth, in Smith鈥檚 view, is productive, not monetary. Of course the Spanish Empire learned this the hard way after bringing gold and silver from America. This new theoretical framework for wealth is the real revolution. One wonders what Smith would have thought of modern finance, with its obsession with paper money and fancy instruments that are several levels of abstraction removed from real wealth. In this sense, Adam Smith is more of an Economics Theory Foundation figure, and not so much a piece to place on one side or the other of the ideological camp.
Buchholz traces how economics develops from this early foundation, explaining Malthus, Ricardo, Alfred Marshal invention of the economic supply and demand curves, and then moving forward to modern economics from Keynes to Behaviorists. The book is very successful in presenting all these theories in a coherent framework and a small package.
There are, however, two big problems with 鈥淣ew Ideas from Dead Economists鈥�. The first is how biography is misused. The book presents mainly ideas, and in most cases biography is used to move the prose forward. But when the author doesn鈥檛 agree with a theory, he spends more time on the economists鈥� flaws. Marx is portrayed as a drunken, money waster youth, negligent provider for his family. I don鈥檛 see how this is relevant at all in understanding his theories鈥攊t is a fun story, but that鈥檚 a different type of book. Buchholz critique of Marxism is tinted with this (irrelevant) biographical information. In my opinion, this is not a very honest way of debating economics.
The other problem is his uses of examples. Marshall is praised with many illustrations that 鈥減rove鈥� him right. Malthus, the opposite. With almost every economic theory on can find examples to prove or disprove it. So one wonders how these examples were chosen, and if this is just confirmation bias on the part of the author.
Want to read
March 10, 2018I've read a few pages of it, and it was promising, and full of joyful small details.
One of the Arabic translations has a lot misunderstanding of phrases meaning, though it had checked by a famous Egyptian economist, "Hazem EL-Beblawy". That translation published by "academic library". Luckily, there is another recent translation by "Arabic words", and it was so good.
鬲丨匕賷乇 賲鬲兀禺乇 賯賱賷賱丕賸貙 賵賱賰賳 鬲乇噩賲丞 "丕賱賲賰鬲亘丞 丕賱兀賰丕丿賷賲賷丞" 賱賴匕丕 丕賱賰鬲丕亘 賴賷 兀爻賵兀 鬲乇噩賲丞 賯丕亘賱鬲賴丕 毓賱賶 丕賱廿胤賱丕賯貨 賮賲毓馗賲 鬲乇噩賲丕鬲 丕賱毓亘丕乇丕鬲 賲睾賱賵胤丞 鬲賲丕賲丕賸貙 賵賱丕 鬲毓賰爻 賲賯丕氐丿 丕賱賰鬲丕亘 賲賳 賯乇賷亘 兀賵 亘毓賷丿 丨鬲賶!.
賵賱丕 兀爻鬲胤賷毓 鬲禺賷賱 賰賷賮 丌賱鬲 丕賱兀賲賵乇 廿賱賶 賴匕丕 丕賱賴乇丕亍貙 賵賰賷賮 賵丕鬲鬲賴賲 丕賱卮噩丕毓丞 賱賳卮乇賴貙 賵賱丕 兀爻鬲胤賷毓 兀賳 兀鬲禺賷賱 賰賷賮 兀賳 丕賱丿賰鬲賵乇 "丨丕夭賲 丕賱亘亘賱丕賵賷" 賲賵囟賵毓 丕爻賲賴 賰賲乇丕噩毓 賱賱賰鬲丕亘.
賵賲賳 丨爻賳 丕賱丨馗 兀賳賴 賴賳丕賱賰 鬲乇噩賲丞 亘丿賷賱丞 賲賲鬲丕夭丞貙 兀氐丿乇鬲賴丕 "賰賱賲丕鬲 毓乇亘賷丞". 賵賯丿 賯丕乇賳鬲賴丕 亘賳賮爻賷 賲毓 丕賱鬲乇噩賲丞 丕賱兀禺乇賶.
賵賲賳 丕賱噩夭亍 丕賱亘爻賷胤 丕賱匕賷 賯乇兀鬲賴貙 賮丕賱賰鬲丕亘 乇丕卅毓 賵賵丕毓丿貙 亘鬲賮丕氐賷賱 氐睾賷乇丞 賲賲賷夭丞.
February 17, 2020
i actually only read 228 pages of this book but i鈥檓 still marking it as read for compensation of the pain that econ symposiums brought me
November 13, 2014
賴匕丕 丕賱賰鬲丕亘 賴賵 毓亘丕乇丞 毓賳 丕賱賳爻禺丞 丕賱賲毓丕氐乇丞 賲賳 賰鬲亘 鬲丕乇賷禺 丕賱兀賮賰丕乇 丕賱丕賯鬲氐丕丿賷丞 賵丕賱鬲賷 丕毓鬲丿賳丕 丿乇丕爻鬲賴丕 毓賳丿 丿乇丕爻鬲賳丕 賱賱丕賯鬲氐丕丿
賱賯丿 亘丿兀 亘賱賲丨丞 亘爻賷胤丞 毓賳 丕賱賲乇賰丕賳鬲賷賱賷賷賳 賵亘毓丿賴丕 亘丿兀 亘丿乇丕爻丞 兀賮賰丕乇 丌丿賲 爻賲賷孬 "兀亘 丕賱丕賯鬲氐丕丿 丕賱丨丿賷孬" 賵丕賱兀亘 丕賱賮賰乇賷 賱賱賷亘乇丕賱賷丞 丕賱丕賯鬲氐丕丿賷丞貙 賵鬲丕亘毓 丿乇丕爻鬲賴 賲乇賵乇丕賸 亘乇賷賰丕乇丿賵貙 賲丕乇賰爻貙 噩賵賳 爻鬲賷賵丕乇鬲 賲賱貙 賲丕乇卮丕賱貙 賰賷賳夭 賵兀禺賷乇丕賸 賲賷賱鬲賵賳 賮乇賷丿賲丕賳 賵丕賱賲丿乇爻丞 丕賱賳賯丿賷丞 賵賷賱賷賴 賲丿乇爻丞 丕賱鬲賵賯毓丕鬲 丕賱毓賯賱丕賳賷丞 賵兀賴賲 賳丕賯丿賷賴丕 丕賱賲丿乇爻丞 丕賱爻賱賵賰賷丞
賷鬲賲賷夭 賴匕丕 丕賱賰鬲丕亘 亘丕賱賲賵囟賵毓賷丞 賵毓丿賲 丕賱鬲丨賷夭 賱丌乇丕亍 賲賮賰賾乇 賲毓賷賳 兀賵 廿賳賰丕乇 噩賴丿 賲賮賰賾乇 丌禺乇貙 賰賲丕 兀賳賴 賷賯賵賲 亘廿賷氐丕賱 兀賮賰丕乇賴賲 亘卮賰賱 亘爻賷胤 賵禺丕賱賺 賲賳 丕賱鬲毓賯賷丿丕鬲 丕賱兀丿亘賷丞 賵丕賱賮賱爻賮賷丞
毓賱賶 丕賱乇睾賲 賲賳 兀賳 賴匕丕 丕賱賰鬲丕亘 賷氐賳賮 賱睾賷乇 丕賱賲禺鬲氐賷賳 廿賱丕 兀賳賴 賷鬲胤賱亘 丨丿丕賸 兀丿賳賶 賲賳 丕賱賲毓乇賮丞 亘兀爻丕爻賷丕鬲 毓賱賲 丕賱丕賯鬲氐丕丿貙 賱兀賳賴 賷賯賵賲 亘丕賱爻乇丿 賲鬲噩丕賵夭丕賸 亘毓囟 丕賱賲亘丕丿卅 丕賱兀爻丕爻賷丞 賵丕賱鬲賷 賷賮鬲乇囟 賲毓乇賮丞 丕賱賯丕乇卅 賱賴丕
毓賱賶 賰賱 丨丕賱 賮廿賳 賴匕丕 丕賱賰鬲丕亘 賲賲賷夭貙 賵賯丿 賯丕賲 亘鬲乇鬲賷亘 兀賮賰丕乇賷 亘卮賰賱 賲匕賴賱听
亘丕賱賳爻亘丞 賱賷 兀賳氐丨 亘賴 賱睾賷乇 丕賱賲禺鬲氐賷賳 賵丕賱賲賴鬲賲賷賳貙 廿賳賴 賷爻鬲丨賯 丕賱賯乇丕亍丞 賮毓賱丕賸
賱賯丿 亘丿兀 亘賱賲丨丞 亘爻賷胤丞 毓賳 丕賱賲乇賰丕賳鬲賷賱賷賷賳 賵亘毓丿賴丕 亘丿兀 亘丿乇丕爻丞 兀賮賰丕乇 丌丿賲 爻賲賷孬 "兀亘 丕賱丕賯鬲氐丕丿 丕賱丨丿賷孬" 賵丕賱兀亘 丕賱賮賰乇賷 賱賱賷亘乇丕賱賷丞 丕賱丕賯鬲氐丕丿賷丞貙 賵鬲丕亘毓 丿乇丕爻鬲賴 賲乇賵乇丕賸 亘乇賷賰丕乇丿賵貙 賲丕乇賰爻貙 噩賵賳 爻鬲賷賵丕乇鬲 賲賱貙 賲丕乇卮丕賱貙 賰賷賳夭 賵兀禺賷乇丕賸 賲賷賱鬲賵賳 賮乇賷丿賲丕賳 賵丕賱賲丿乇爻丞 丕賱賳賯丿賷丞 賵賷賱賷賴 賲丿乇爻丞 丕賱鬲賵賯毓丕鬲 丕賱毓賯賱丕賳賷丞 賵兀賴賲 賳丕賯丿賷賴丕 丕賱賲丿乇爻丞 丕賱爻賱賵賰賷丞
賷鬲賲賷夭 賴匕丕 丕賱賰鬲丕亘 亘丕賱賲賵囟賵毓賷丞 賵毓丿賲 丕賱鬲丨賷夭 賱丌乇丕亍 賲賮賰賾乇 賲毓賷賳 兀賵 廿賳賰丕乇 噩賴丿 賲賮賰賾乇 丌禺乇貙 賰賲丕 兀賳賴 賷賯賵賲 亘廿賷氐丕賱 兀賮賰丕乇賴賲 亘卮賰賱 亘爻賷胤 賵禺丕賱賺 賲賳 丕賱鬲毓賯賷丿丕鬲 丕賱兀丿亘賷丞 賵丕賱賮賱爻賮賷丞
毓賱賶 丕賱乇睾賲 賲賳 兀賳 賴匕丕 丕賱賰鬲丕亘 賷氐賳賮 賱睾賷乇 丕賱賲禺鬲氐賷賳 廿賱丕 兀賳賴 賷鬲胤賱亘 丨丿丕賸 兀丿賳賶 賲賳 丕賱賲毓乇賮丞 亘兀爻丕爻賷丕鬲 毓賱賲 丕賱丕賯鬲氐丕丿貙 賱兀賳賴 賷賯賵賲 亘丕賱爻乇丿 賲鬲噩丕賵夭丕賸 亘毓囟 丕賱賲亘丕丿卅 丕賱兀爻丕爻賷丞 賵丕賱鬲賷 賷賮鬲乇囟 賲毓乇賮丞 丕賱賯丕乇卅 賱賴丕
毓賱賶 賰賱 丨丕賱 賮廿賳 賴匕丕 丕賱賰鬲丕亘 賲賲賷夭貙 賵賯丿 賯丕賲 亘鬲乇鬲賷亘 兀賮賰丕乇賷 亘卮賰賱 賲匕賴賱听
亘丕賱賳爻亘丞 賱賷 兀賳氐丨 亘賴 賱睾賷乇 丕賱賲禺鬲氐賷賳 賵丕賱賲賴鬲賲賷賳貙 廿賳賴 賷爻鬲丨賯 丕賱賯乇丕亍丞 賮毓賱丕賸
September 14, 2016
gi峄� m峄沬 bi岷縯 c贸 1 b岷 d峄媍h ch瓢啤ng 6 n贸i v峄� Marx c峄 1 th脿nh vi锚n x c脿 ng脿y x瓢a, m脿 膽茫 b峄� ki峄僲 duy峄噒 th岷硁g th瓢峄漬g trong b岷 in c峄 nxb tri th峄ヽ in l岷 膽岷 h峄搃 2008 . hy v峄峮g cu峄憂 n脿y c贸 t谩i b岷 l岷 th矛 膽瓢a ch瓢啤ng n脿y v脿o l岷 cho ho脿n ch峄塶h, gi峄� ch岷痗 c农ng 膽峄� nhi峄乽 r峄搃. M脿 gi峄峮g 膽i峄噓 c峄 t谩c gi岷� khi n贸i v峄� Marx chua cay qu谩 :)), kh谩c h岷硁 n贸i v峄� m岷 b谩c kh谩c.
January 26, 2019
A good introduction to economics from a conservative point of view (of which I consider myself far from). It floored me that this book is genuinely funny. So take note writers- If this book can be funny, anything can have humour dispersed.
Ultimately the author achieved his aim of detailing the importance of economics and introductory concepts from the most notable economists. Sometimes it dragged during the tougher concepts but I blame the reader.
Most egregious parts are-
1. The acknowledgement of damning reports (2nd edition published in 1999) of future environmental degradation that is swiftly dismissed.
2. The Karl Marx chapter. Annoyed by the double standards when his personal life is eviscerated unlike the other featured economists. The author couldn't maintain his general impartiality here and his arguments suffered as a result.
Ultimately the author achieved his aim of detailing the importance of economics and introductory concepts from the most notable economists. Sometimes it dragged during the tougher concepts but I blame the reader.
Most egregious parts are-
1. The acknowledgement of damning reports (2nd edition published in 1999) of future environmental degradation that is swiftly dismissed.
2. The Karl Marx chapter. Annoyed by the double standards when his personal life is eviscerated unlike the other featured economists. The author couldn't maintain his general impartiality here and his arguments suffered as a result.
September 8, 2012
The main premise of the book, is best summarized by the author: "It is striking that so many of the lessons of the great economists still speak to us. Each of their wisest theories has a practical point or analogy today. This book seeks their wisdom by looking at mainstream economics and asking, Who first had these insights and built these durable models? We can learn from the masters."
Todd then embarks his readers on a journey through the contributions of the greatest economists of our time. Clearly explaining how they analysed the existing models and theories of their time, and their own contributions to advance the filed of economics. He does so, in a very simple style that is accessible to any audience regardless of their background in that field.
What truly sets this book apart is the breadth of content, spanning a period of several centuries. Sufficient depth is included so that one gains an appreciation and broad understanding. The included references make it easy for one to dive deeper into more details. A must read for anyone seeking an introduction and/or a broad understanding of the field of economics!
Below are key excerpts from the book that I found particularly insightful:
1- "Russia's 1998 debacle teaches us that a market economy must rest on a dependable legal system. A free market does not mean utter chaos; it requires ground rules."
2- "Economics if the study of choice. It does not tell us what to choose. It only helps us understand the consequences of our choices."
3- "...as an economist isolates causes and estimates their influence, the degree of influence changes...Economics may not be a "hard" science. But that does not mean it is an easy science. Because it is so fluid, it is hard to hold in place and to study."
4- "Smith clearly defined the proper role for government: first, providing for national defense; second, administering justice through a court system; third, maintaining public institutions and resources such as roads, canals, bridges, educational systems, and the dignity of the sovereign."
5- "The point of Ricardo's analysis: free trade makes it possible for households to consume more goods regardless of whether trading partners are more or less economically advanced."
6- "By investing, the capitalist gives up the immediate gratification of buying goods. His return on investment pays him for waiting, for delaying his pleasure. If everyone consumes everything now, society will produce nothing new. Thus, profits play a crucial role."
7- "...four very important areas in which economists have dramatically transformed traditional legal analysis: negligence law; property law; criminal law; and corporate finance."
8- "There is clearly more to economics than prices, profits, rents, and costs. Laws, morals, fashions, and philosophies all contribute to an economy. They may support it, or they may tear it down."
9- "What does it mean to be Keynesian? Two basis propositions will suffice here: (1) the private economy may not reach full employment; (2) government spending can spur the economy into filling the gap."
10- "Keynes cleverly speculates that the way to make money in the stock market is not to be the best corporate analyst, but to be the best at guessing what others think is good."
11- "This movement, called monetarism, admits that the economy does have an accelerator and a brake, but insists that the accelerator should be marked "higher money supply" and the brake "lower money supply...the monetarists portray the Federal Reserve Board...as the driver."
12- "With perhaps uncustomary humility, Friedman claims that economists do not know enough about monetary policy to manipulate it wisely."
13- "We are all Keynesians now, thanks to Keynes. We are all monetarists now, thanks to Friedman. And we are all eclectics now, thanks to a turbulent world."
14- "This problem emerges again and again in democracies. Motivates organizations trample on the interests of consumers, who individually have a small stake in the outcome. Ultimately, the individual consumers are hurt badly as a national efficiency and income fall."
15- "Rational Expectations theory predicts that government stimulus does not spur the economy and that government contraction does not hurt...Why do most economists tend to agree with Rational Expectations theorists when they talk about the stock market, yet explode in disagreement when speaking of the macroeconomy? The fact is, the stock market is a more efficient...it is quite liquid...In contrast, real markets for goods and services show more complexity and rigidity."
16- "...each of the economists we have studied, despite their many differences, warned us that governments always face political pressures to take measures that can ruin good economies...Because even good economic policies often produce victims, economists have a very tough time persuading democratic governments to take good advice. Good economics may not be popular economics, especially in the short run."
17- "Parents must eventually learn to teach their children how to handle uncertainty - not how to ensure stability."
18- "For most of man's life on earth, he has lived no better on two legs than he had on four . Give the economist a little credit for explaining and depicting the brief, shining moments when there has been a difference."
Todd then embarks his readers on a journey through the contributions of the greatest economists of our time. Clearly explaining how they analysed the existing models and theories of their time, and their own contributions to advance the filed of economics. He does so, in a very simple style that is accessible to any audience regardless of their background in that field.
What truly sets this book apart is the breadth of content, spanning a period of several centuries. Sufficient depth is included so that one gains an appreciation and broad understanding. The included references make it easy for one to dive deeper into more details. A must read for anyone seeking an introduction and/or a broad understanding of the field of economics!
Below are key excerpts from the book that I found particularly insightful:
1- "Russia's 1998 debacle teaches us that a market economy must rest on a dependable legal system. A free market does not mean utter chaos; it requires ground rules."
2- "Economics if the study of choice. It does not tell us what to choose. It only helps us understand the consequences of our choices."
3- "...as an economist isolates causes and estimates their influence, the degree of influence changes...Economics may not be a "hard" science. But that does not mean it is an easy science. Because it is so fluid, it is hard to hold in place and to study."
4- "Smith clearly defined the proper role for government: first, providing for national defense; second, administering justice through a court system; third, maintaining public institutions and resources such as roads, canals, bridges, educational systems, and the dignity of the sovereign."
5- "The point of Ricardo's analysis: free trade makes it possible for households to consume more goods regardless of whether trading partners are more or less economically advanced."
6- "By investing, the capitalist gives up the immediate gratification of buying goods. His return on investment pays him for waiting, for delaying his pleasure. If everyone consumes everything now, society will produce nothing new. Thus, profits play a crucial role."
7- "...four very important areas in which economists have dramatically transformed traditional legal analysis: negligence law; property law; criminal law; and corporate finance."
8- "There is clearly more to economics than prices, profits, rents, and costs. Laws, morals, fashions, and philosophies all contribute to an economy. They may support it, or they may tear it down."
9- "What does it mean to be Keynesian? Two basis propositions will suffice here: (1) the private economy may not reach full employment; (2) government spending can spur the economy into filling the gap."
10- "Keynes cleverly speculates that the way to make money in the stock market is not to be the best corporate analyst, but to be the best at guessing what others think is good."
11- "This movement, called monetarism, admits that the economy does have an accelerator and a brake, but insists that the accelerator should be marked "higher money supply" and the brake "lower money supply...the monetarists portray the Federal Reserve Board...as the driver."
12- "With perhaps uncustomary humility, Friedman claims that economists do not know enough about monetary policy to manipulate it wisely."
13- "We are all Keynesians now, thanks to Keynes. We are all monetarists now, thanks to Friedman. And we are all eclectics now, thanks to a turbulent world."
14- "This problem emerges again and again in democracies. Motivates organizations trample on the interests of consumers, who individually have a small stake in the outcome. Ultimately, the individual consumers are hurt badly as a national efficiency and income fall."
15- "Rational Expectations theory predicts that government stimulus does not spur the economy and that government contraction does not hurt...Why do most economists tend to agree with Rational Expectations theorists when they talk about the stock market, yet explode in disagreement when speaking of the macroeconomy? The fact is, the stock market is a more efficient...it is quite liquid...In contrast, real markets for goods and services show more complexity and rigidity."
16- "...each of the economists we have studied, despite their many differences, warned us that governments always face political pressures to take measures that can ruin good economies...Because even good economic policies often produce victims, economists have a very tough time persuading democratic governments to take good advice. Good economics may not be popular economics, especially in the short run."
17- "Parents must eventually learn to teach their children how to handle uncertainty - not how to ensure stability."
18- "For most of man's life on earth, he has lived no better on two legs than he had on four . Give the economist a little credit for explaining and depicting the brief, shining moments when there has been a difference."
September 22, 2015
兀毓噩亘賳賷 丕賱賰鬲丕亘 賰孬賷乇丕 禺氐賵氐丕 丕賳賴 賷鬲丨丿孬 毓賳 賲賵囟賵毓 賯賱賷锟斤拷 賲賳 丕賱賳丕爻 賷毓乇賮賴 賵賰孬賷乇 賲賳 丕賱賳丕爻 賷禺丕賮 賲賳賴 兀賱丕 賵賴賵 丕賱丕賯鬲氐丕丿. 賮賷 丕賱丨賯賷賯丞 賱賷爻鬲 賱丿賷 禺賱賮賷丞 賰亘賷乇丞 毓賳 丕賱丕賯鬲氐丕丿 廿賱丕 賲丕 賯乇兀鬲賴 賲賳 亘毓囟 丕賱賰鬲亘 丕賱賲卮賴賵乇丞 賲孬賱 Freakonomics 賵 thinking fast and slow. 亘毓丿 賯乇丕亍丞 賴匕丕 丕賱賰鬲丕亘 賯乇乇鬲 兀賳 丕禺匕 丿賵乇賴 丕锟斤拷丕丿賷賲賷丞 賮賷賲丕 亘毓丿 丕賱丕賯鬲氐丕丿 毓賳 胤乇賷賯 賲賵賯毓 乇賵丕賯 丕賱廿賱賰鬲乇賵賳賷 丕賱匕賷 賷賯丿賲 丨囟乇丕鬲 丕賰丕丿賷賲賷丞 賲鬲禺氐氐丞.
賴匕丕 丕賱賰鬲丕亘 亘卮賰賱 毓丕賲 賷鬲胤乇賯 賱鬲丕乇賷禺 毓賱賲 丕賱丕賯鬲氐丕丿 賵丕賱賲丐孬乇賷賳 賮賷賴 賵丕賱賲丿丕乇爻 丕賱丕賯鬲氐丕丿賷丞 亘丕賱廿囟丕賮丞 廿賱賶 兀孬乇 賰賱 賮賰乇 兀賵 賲丿乇爻丞 丕賯鬲氐丕丿賷丞 毓賱賶 丨賷丕鬲賳丕 丕賱賷賵賲賷丞.
賴匕丕 丕賱賰鬲丕亘 亘卮賰賱 毓丕賲 賷鬲胤乇賯 賱鬲丕乇賷禺 毓賱賲 丕賱丕賯鬲氐丕丿 賵丕賱賲丐孬乇賷賳 賮賷賴 賵丕賱賲丿丕乇爻 丕賱丕賯鬲氐丕丿賷丞 亘丕賱廿囟丕賮丞 廿賱賶 兀孬乇 賰賱 賮賰乇 兀賵 賲丿乇爻丞 丕賯鬲氐丕丿賷丞 毓賱賶 丨賷丕鬲賳丕 丕賱賷賵賲賷丞.
August 26, 2024
The worst thing about this book is that it was written in 2007, when it was widely presumed that economics was more important than politics. Further, because it was written in 2007, all the examples and ideas are from twenty years ago or more. Ignore the preface unless you want a time capsule summary of 2007. Post-2008, Brexit, Trump, and Bidenomics, politics has come roaring back to slap economics across the face.
On the other hand, this would be a good, succinct Economics 101 textbook rather than the one your boring economics professor made you read. It tackles mainstream economic thought in a funny and accessible way. Buchholz has an eye for detail and a clever phrase. He gives pithy examples. He won the prize for the best professor of introductory economics at Harvard University, and you can tell.
He introduces all the big names: Smith, Ricardo, Marx, Mill, Marshall, Keynes, Friedman and more. He doesn't just summarize their ideas but also goes into an extended discussion of them, their lives, where their ideas came from, and comparisons to other economists. He makes clear that many of these people knew each other, and so he probes their relationships and their theoretical and policy values. Bucholz has his opinions, and he is not afraid to share them.
In the first paragraph, I wrote about the disadvantages of being a somewhat dated book. But here is a good thing. The book is not particularly partisan. Although Buchholz was an economic advisor for the first George Bush, he does not dwell on the policy failures of any one side, but rather that economics is the study of choice. We can't have everything we want. And our choices have consequences. And as far as that sentence about politics slapping economics across the face, Buchholz spends plenty of time explaining how economics slaps back.
On the other hand, this would be a good, succinct Economics 101 textbook rather than the one your boring economics professor made you read. It tackles mainstream economic thought in a funny and accessible way. Buchholz has an eye for detail and a clever phrase. He gives pithy examples. He won the prize for the best professor of introductory economics at Harvard University, and you can tell.
He introduces all the big names: Smith, Ricardo, Marx, Mill, Marshall, Keynes, Friedman and more. He doesn't just summarize their ideas but also goes into an extended discussion of them, their lives, where their ideas came from, and comparisons to other economists. He makes clear that many of these people knew each other, and so he probes their relationships and their theoretical and policy values. Bucholz has his opinions, and he is not afraid to share them.
In the first paragraph, I wrote about the disadvantages of being a somewhat dated book. But here is a good thing. The book is not particularly partisan. Although Buchholz was an economic advisor for the first George Bush, he does not dwell on the policy failures of any one side, but rather that economics is the study of choice. We can't have everything we want. And our choices have consequences. And as far as that sentence about politics slapping economics across the face, Buchholz spends plenty of time explaining how economics slaps back.
October 6, 2024
Sometimes the author鈥檚 jokes went over my head because I鈥檓 not that educated, but overall a great introduction into economic thought.
April 6, 2018
I learned a lot about economics in spite of how poorly written this book was. Although the economic schools and personalities were generally organized chronologically, each chapter felt haphazard and unorganized. It felt like the author was trying to write a popular economics text 脿 la Stephen Hawking for astrophysics, but it came off as your grandpa trying to be cool and hip with the kids these days. I lost count of the number of sentences that added nothing to the text and could have been deleted. Unfortunately, this would have made the book at least a third shorter and publishers probably don't like that. There were also so many throwaway lines in which critiques of one school or another were dismissed out of hand with no explanation. Left me with the idea that I should just trust the author's opinion on one thing or another with no evidence or support. Finally, while I acknowledge the importance of the context of the personalities that developed different schools of thought, the author seemed to dismiss people or ideas based on their character flaws where the time would have been better spent trying to actually explain different concepts more clearly.
There HAS to be a better introduction to economic thought that doesn't treat the reader like a small child and actually engages with the ideas in a way that makes them more clear and understandable.
There HAS to be a better introduction to economic thought that doesn't treat the reader like a small child and actually engages with the ideas in a way that makes them more clear and understandable.
October 18, 2019
A decent attempt at an ambitious task - Buchholz traverses the sweep of Western economic history from Adam Smith, Alfred Marshall, Karl Marx, Milton Friedman and others in 300 odd pages. I liked the way he tried to set each economist's theory in his (I wish I could say her, but economics has been a sexist profession until lately) own era, with its historical context. Subsequent economists built refinements to the previously held theories, or were confronted with geopolitical situations where certain hypotheses didn't work.
The attempts to connect their theories with the economists' personal lives seemed clumsy at best, and irrelevant. This book also does not cover more recent insights by behavioral economists like Kahneman, Thaler and others.
Flawed but a useful book if you are looking for a lens into economic history since Adam Smith.
The attempts to connect their theories with the economists' personal lives seemed clumsy at best, and irrelevant. This book also does not cover more recent insights by behavioral economists like Kahneman, Thaler and others.
Flawed but a useful book if you are looking for a lens into economic history since Adam Smith.
August 20, 2017
In short:
It's good at presenting economic ideas in a neat, little package.
It's bad at staying neutral (Marx is a vulgar, unwashed, alcoholic; Russians beg Americans for jeans because they are so unimaginative, unmotivated, and undisciplined that they can't turn their own cotton into denim).
As it is written in the 80s, and we are now writing the year of Trump and Brexit, it's also in urgent need of an update. A lot has happened since the 80s in terms of globalization and world trade, and not all developments would paint as optimistic an outlook as Buchholz has in this book.
It's good at presenting economic ideas in a neat, little package.
It's bad at staying neutral (Marx is a vulgar, unwashed, alcoholic; Russians beg Americans for jeans because they are so unimaginative, unmotivated, and undisciplined that they can't turn their own cotton into denim).
As it is written in the 80s, and we are now writing the year of Trump and Brexit, it's also in urgent need of an update. A lot has happened since the 80s in terms of globalization and world trade, and not all developments would paint as optimistic an outlook as Buchholz has in this book.
August 4, 2016
賲賮賷丿 噩丿賸丕 賱賱賮囟賵賱賷賷賳 賵賲賮賷丿 兀賰孬乇 賱賱丿丕乇爻賷賳 賵賷毓鬲亘乇 丕賱禺賷丕乇 丕賱兀賲孬賱 賱賱賲胤丕賱毓丞 賵賮賴賲 丕賱賳馗乇賷丕鬲 丕賱丕賯鬲氐丕丿賷丞 毓賱賶 賲乇 丕賱鬲丕乇賷禺 亘兀亘爻胤 丕賱兀賲孬賱丞 丕賱賲乇丨丞 丕賱匕賰賷丞 賵丕賱賮賰丕賴賷丞 ..
January 21, 2024
3.4 stars rounded down
I liked this book, but reading it for economics made me dislike it.
In every chapter, Buchholz introduces the lore of a new dead economist (鈥淥h my god, I just unlocked John Stuart Mill's lore!") and it's fine and all, but it鈥檚 kind of silly.
You can very clearly tell that Buchholz doesn't approve of some economist鈥檚 theories. For example, in the Marx chapter, Buchholz uses Marx鈥檚 alcohol addiction as a way to discount his theories or ideas, which is obviously biased鈥ut I鈥檒l let it slide.
I did learn new stuff, and the way Buchholz introduced the ideas was nicely organized.
Aaron Burgoa, please give me an A next semester. I know you don鈥檛 like me, but please. (If you don鈥檛, you WILL be the next dead economist and I鈥檒l write a chapter for you! 馃槅)
I liked this book, but reading it for economics made me dislike it.
In every chapter, Buchholz introduces the lore of a new dead economist (鈥淥h my god, I just unlocked John Stuart Mill's lore!") and it's fine and all, but it鈥檚 kind of silly.
You can very clearly tell that Buchholz doesn't approve of some economist鈥檚 theories. For example, in the Marx chapter, Buchholz uses Marx鈥檚 alcohol addiction as a way to discount his theories or ideas, which is obviously biased鈥ut I鈥檒l let it slide.
I did learn new stuff, and the way Buchholz introduced the ideas was nicely organized.
Aaron Burgoa, please give me an A next semester. I know you don鈥檛 like me, but please. (If you don鈥檛, you WILL be the next dead economist and I鈥檒l write a chapter for you! 馃槅)
November 30, 2024
Todd Buchholz's "New Ideas From Dead Economists" by Aries
A book review on Buchholz's attempt on the history of economic thought along Anglo-American tradition.
January 21, 2025
A rare review from me, but this is an elegantly written and essential work, especially for anyone developing an interest in the field. I only wish it had been available when I was heading into my A levels!
November 17, 2022
賰賳鬲 丕鬲賲賳賶 亘丕賰賵賱夭 賷亘賯賶 丿賰鬲賵乇 噩丕賲毓賷 賵賷丿乇爻賱賷 亘胤乇賷賯丞 賲丕
April 12, 2020
Excelenta, metodica 葯i scrisa pe 卯n葲elesul oric膬rui individ. Este una dintre cele mai bune c膬r葲i de doctrine economice pe care le-am citit!
February 5, 2018
Like Empire of Wealth by John Steele Gordon, this is another economics book that is much more informative and useful than the much more popular Freakonomics. Like Empire of Wealth this is a book about history but this time it's a history of the study and theory of economics from Adam Smith to the end of the 20th Century. It is organized like a series of biographies each centering on an influential thinker and how their ideas contributed to all that we now know about economics in a way that is informative about intellectual theory but still accessible to a layman (like me).
I say these thinkers the book is written about "contributed" to economics but, as readers will notice, it's more like "up-ended". Often people criticize economists for discovering obvious things everyone already knows but as I read this book what stood out to me is that every time people think they've got economics all figured out some smart guy pulls the rug out from under them and shows that everything we thought we knew is wrong and we were all idiots for not noticing it sooner (only to have the same process repeated again and again). This is a book that will make you feel really smart and informed but also strategically humble.
I say these thinkers the book is written about "contributed" to economics but, as readers will notice, it's more like "up-ended". Often people criticize economists for discovering obvious things everyone already knows but as I read this book what stood out to me is that every time people think they've got economics all figured out some smart guy pulls the rug out from under them and shows that everything we thought we knew is wrong and we were all idiots for not noticing it sooner (only to have the same process repeated again and again). This is a book that will make you feel really smart and informed but also strategically humble.
October 2, 2017
This book was a good history for laymen of the main ideas in economics. I think - I need to read more economics textbooks to know for sure. Each chapter was a short biography of the economist in question interwoven with the contributions they made to the field. That made the book very approachable.
The books lack of differentials is why I gave it 4/5.
The only chapter that seemed out of place was the one on Marx. I guess the labor theory of value and Das Capital are important historically, but it seemed like they were included just so the authors could show how later economists shit on the ideas.
Also, like how do people believe the labor theory of value? Like there are obviously more inputs to the value of an object than the labor that went into it. The fossil fuel and the technological innovations for instance.
Anyway, solid book, I learned a lot. If you don't know any economics give it a shot.
The books lack of differentials is why I gave it 4/5.
The only chapter that seemed out of place was the one on Marx. I guess the labor theory of value and Das Capital are important historically, but it seemed like they were included just so the authors could show how later economists shit on the ideas.
Also, like how do people believe the labor theory of value? Like there are obviously more inputs to the value of an object than the labor that went into it. The fossil fuel and the technological innovations for instance.
Anyway, solid book, I learned a lot. If you don't know any economics give it a shot.
July 22, 2016
Provides a good summary of the main ideas of major economists who continue to have extraordinary influence in the field today. Also: astoundingly (and unwittingly) biased in its underlying assumptions and viewpoint (don't have the book in front of me, but others have offered some good quotes), which makes for great reading if you're paying attention. Some of the counterarguments given to criticisms of wage slavery, manipulative advertising, etc. are so thin as to be comical. Buchholz picks and chooses which ideas to laud and which to decry, with superficial analogies and examples in both cases. Great for reviewing some of the main themes of economics and economic history, but even better for understanding how mainstream economists think about economics, which helps to reveal why we are so entrenched in the current system.
December 7, 2008
New Ideas is sapped principles of economic from our forefathers such as Adam Smith, David Ricardo, Keynes, also includes German angry economist, Karl Marx. Do not being fooled by its comical appearance, I red the book twice and still have blur vision of how macro economy works according to them. It is brilliantly presented by Buccholz with colloquial and witty metaphor. If you are interested in consumer-demand-price-supply tidbits, then read this one鈥�
November 15, 2008
An extremely entertaining survey of economic thought through history; the author offers brief biographies of economics' most influential figures from each angle we might care to examine: their personalities, the intellectual development of their discipline, and their impact on the world, then and now. Most fascinating are the portraits of the "outliers" in economic history who don't really have a place in the mainstream anymore: Mill, Marx, Veblen.
June 1, 2021
It was a really good book. Helped me understand so many difficult concepts of economics and finance. The author used a lot of real life examples and related them to a topic to help us understand. It's an extensive read that you have to do when you are in the right mood but it is definitely worth it.
June 27, 2007
Boy, I thought this was really good! I'm kicking myself that I never really studied Economics in school, so I have to resort to reading books like this...but there's not much you could do to improve this as a solid, fun (what?) economics primer.
August 15, 2014
賲賳 噩賴丞 丕賱賰鬲丕亘 兀賰亘乇 賲賳 爻丕亘賯賴 - 賰鬲丕亘 丕賱亘亘賱丕賵賷 - 賵 兀賰孬乇 鬲賮氐賷賱丕 賵 賲賳 噩賴丞 兀禺乇賶 兀爻賱賵亘 丕賱賰丕鬲亘 兀賰孬乇 爻賴賵賱丞 賵 廿賲鬲丕毓丕 賲賳 兀爻賱賵亘 丕賱亘亘賱丕賵賷
February 19, 2014
鬲丨賲賷賱 賲賯鬲胤賮丕鬲 賲賳 賴匕丕 丕賱賰鬲丕亘 賲噩丕賳賸丕
March 21, 2020
A biased and inaccessible tract which occasionally presents the insight it advertises.
Let鈥檚 talk about the labour theory of value. The labour theory of value was an idea in early economics that value is determined by the work that goes into a product, it鈥檚 in retrospect a very crude theory that has since been replaced.
For a long time many economists used this theory in their writing, Marx among them. The author鈥檚 determination to dismiss (not criticize but dismiss) all value in Marx鈥檚 ideas because of his use of the labour theory of value can only be explained by ignorance or bias. As, of course he doesn鈥檛 fault Adam Smith or David Ricardo for using this.
Marx is an economist unlike any other. Better known than most of them, definitely more controversial than many, perhaps more impactful than most. It鈥檚 debatable how scientific 鈥楽cientific Socialism鈥� was. It鈥檚 debatable too how far his predictions and models have held up. He鈥檚 so well known too that you might not even need to mention him in an economics book. But if you mention him you should talk about his ideas.
Another bias is the page space the author devotes to ideas of the rational market over the findings of behavioral economics. The rational market is very useful for traders to know about but most audiences would probably be more interested in the work of Richard Thaler and the like.
Besides bias, this book鈥檚 flow gets clogged up by technical jargon by the end. Here鈥檚 a sentence from near the end of the book 鈥極n the microeconomic side, officials can twist spending programs and regulations for political self-interest when information costs to voters are high compared with benefits derived.鈥� This is an introductory book right? Even textbooks are clearer than this.
In summary this book is every bad (and in other cases usually unfounded) stereotype about economists. It鈥檚 needlessly complicated and leans slightly to the right of Attila the Hun. Go read the Undercover Economist or Freakonomics instead.
Let鈥檚 talk about the labour theory of value. The labour theory of value was an idea in early economics that value is determined by the work that goes into a product, it鈥檚 in retrospect a very crude theory that has since been replaced.
For a long time many economists used this theory in their writing, Marx among them. The author鈥檚 determination to dismiss (not criticize but dismiss) all value in Marx鈥檚 ideas because of his use of the labour theory of value can only be explained by ignorance or bias. As, of course he doesn鈥檛 fault Adam Smith or David Ricardo for using this.
Marx is an economist unlike any other. Better known than most of them, definitely more controversial than many, perhaps more impactful than most. It鈥檚 debatable how scientific 鈥楽cientific Socialism鈥� was. It鈥檚 debatable too how far his predictions and models have held up. He鈥檚 so well known too that you might not even need to mention him in an economics book. But if you mention him you should talk about his ideas.
Another bias is the page space the author devotes to ideas of the rational market over the findings of behavioral economics. The rational market is very useful for traders to know about but most audiences would probably be more interested in the work of Richard Thaler and the like.
Besides bias, this book鈥檚 flow gets clogged up by technical jargon by the end. Here鈥檚 a sentence from near the end of the book 鈥極n the microeconomic side, officials can twist spending programs and regulations for political self-interest when information costs to voters are high compared with benefits derived.鈥� This is an introductory book right? Even textbooks are clearer than this.
In summary this book is every bad (and in other cases usually unfounded) stereotype about economists. It鈥檚 needlessly complicated and leans slightly to the right of Attila the Hun. Go read the Undercover Economist or Freakonomics instead.
August 13, 2020
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鞚鸽鞚� 甓侁饭鞝侅澑 氇╉憸電� 鞚挫劯靸侅潣 氇摖 氍胳牅毳� 瓿柬暀鞝�, 靾橅暀鞝� 霌彪摫鞚� 氚╇矔鞙茧 頃搓舶頃橂姅 瓴冹澊雼�. 頃橃毵�, 雮橂姅 鞚� 毂呾潣 鞝€鞛愳檧 臧欖澊 氇摖 鞚鸽毳� 韽樄頃橁碃, 氚半牑鞕€ 鞏戨炒毳� 氚旐儠鞙茧頃橂姅 瓴届牅頃� 靷儊毵岇澊 鞚� 鞚鸽鞚� 甓侁饭 鞝侅澑 氇╉憸毳� 頃搓舶頃橂姅雿� 鞛堨柎靹� 霃勳泙鞚� 霅滊嫟瓿� 靸濌皝頃滊嫟. 鞓れ 靷瀸毵岇澊 霃勲崟鞚� 臁挫灛毳� 鞎岆┌, 毵庫潃 靷瀸霌れ潣 氇╉憸電� 旮堨爠鞝� 須嶋摑鞐� 鞛堨溂氅�, 鞚� 氇摖 氍胳牅鞚� 鞁滌瀾鞚€ 鞚鸽鞕€ 霃堨潣 毵岆偍鞚挫棃旮� 霑岆鞚措嫟.
鞖办劆, 鞛愲掣欤检潣電� 鞛愲掣臧€鞕€ 雲鸽彊臧€臧€ 鞛愳嫚鞚� 鞚挫湦鞚� 攴闺寑頇� 鞁滍偆霠り碃 雲鸽牓鞚� 頃橂┌ 靹彪霅滊嫟. 瓴届牅頃欖瀽 鞎犽崵 鞀る鞀る姅 甑秬搿犾澊霛茧姅 毂呾棎靹� "瓿奠澋鞚� 於旉惮頃橂牑電� 鞚橂弰電� 鞐嗞碃 鞛愳嫚鞚� 瓿奠澋霠� 鞏茧雮� 鞚措皵歆€ 頃橂姁 臁办皑霃� 氇ゴ電旍澊, 鞓れ 鞛愳嫚鞚� 鞚挫澋 毵岇潉 霃勲頃橂姅鞚措姅 攴� 瓿检爼鞐愳劀 氤挫澊歆€ 鞎婋姅 靻愳棎 鞚措亴霠� 鞚橂弰頃橃 鞎婌晿雿� 攵€靾橃爜 瓴办嫟霃� 鞏魂矊 霅滊嫟"鞚措澕瓿� 頃橃榾雼�. 甑泊鞝侅溂搿�, 鞁滌灔鞚� 氍柬拡鞚措倶 鞛愲掣鞚� 瓿店笁 毵� 霅滊嫟氅�, 鞛愳嫚鞚� 鞚挫澋毵岇潉 於旉惮頃橂姅 雽€攵€攵勳潣 靷瀸霌れ澊 鞎岇晞靹� 鞁滌灔鞚� 鞚措亴鞏措倶臧勲嫟瓿� 頃滉矁鞚措嫟. 頃橃毵�, 攴胳潣 靷儊鞚€ 1彀� 靹戈硠雽€鞝� 鞚错泟 攵曣创頃橁矊 霅滊嫟. 攴� 鞚挫湢電�, 1彀� 靹戈硠雽€鞝� 霃勳, 鞐煬 瓿奠灔霌れ潃 雼� 氍搓赴毳� 靸濎偘頃橂姅 瓿奠灔鞚� 霅橃柎臧旊嫟. 攴� 瓿奠灔霌れ潃 氇憪 鞛愳嫚鞚� 鞚挫澋鞚� 鞙勴暣靹�, 斓滊寑頃� 毵庫澊 韺旉赴 鞙勴晿鞐劀 瓿店笁鞚� 韽摫鞁滌及雼�. 頃橃毵�, 霃呾澕鞚� 韥� 韮€瓴╈潉 氚涭晞 頃车頃橁矊 霅橁碃, 1彀� 靹戈硠雽€鞝勳澊 鞏措姁 靾滉皠 膦呺霅橃棃雼�. 瓴瓣淡鞐愲姅 氇摖 瓿奠灔霌� 彀疥碃鞐愲姅 鞐煬 鞝勳焷甏€霠� 鞖╉拡霌れ澊 頃滌泤韥检敥 鞂撿棳 鞛堦矊 霅橃棃雼�. 攴戈矁鞚� 氤� 靷瀸霌れ潃 靻岆鞚� 雮挫榾瓿�, 攴� 瓿奠灔鞚� 欤检嫕鞚� 臧€臁岆崢 攵€鞐� 靻嶍暅 靷瀸霌れ潃 鞛愳嫚鞚� 鞚挫澋鞚� 鞙勴晿鞐� 氇憪 韺旉赴 鞁滌瀾頃橃榾雼�. 鞏措姁 靾滉皠 鞐煬 瓿奠灔欤茧摛鞚€ 韺岇偘頃橁碃, 攴� 瓿奠灔鞐� 靻嶍暅 氇摖 靷瀸霌れ潃 臧堦父鞚� 鞛冴矊 霅橁碃 毵岆嫟. 攴鸽爣瓴� 牍勳案頃� 雮犽摛鞚� 頋愲ゴ雿� 欷戩澊鞐堧嫟. 旒€鞚胳姢 鞚措澕電� 靷瀸鞚� 鞝曤秬鞐愱矊 雺措敎 鞝曥眳, 歃�, 鞝曤秬臧€ 雮晞霃勲姅 靹戈笀鞚� 瓿奠灔欤茧倶 靷梾欤检棎瓴� 欤检柎 鞛愳嫚鞚� 瓿奠灔鞚� 靷措Μ瓿�, 鞚检瀽毽ゼ 瓿犾毄鞁滌紲 瓴届牅毳� 雼れ嫓 靷措Μ鞛愲姅 須嶊赴鞝侅澑鞝曥眳鞚� 鞝滌晥頃橃榾雼�. 鞚措煬頃� 攴胳潣 欤检灔鞙茧 鞚疙暣 鞚鸽 鞝勳泊鞚� 鞎旐潙旮半姅 瓿� 靻岆└頃橁矊 霅滊嫟. 頃橃毵�, 瓿� 攴胳潣 欤检灔霃� 靹彪鞚� 攵堦皜電ロ晿瓴� 霅橃棃雼�. 攴� 鞚挫湢電� 雼る鞚� 鞎勲媽 鞝曥箻臧€霌れ潣 攵€鞝曤秬韺棎 鞛堨棃雼�. 甑泊鞝侅溂搿�, 旒€鞚胳姢霛茧姅 靷瀸鞚€ 氇摖 甏€耄岆姅 鞝堧寑搿�, 雰夓爼頃橁碃 於╈嫟頃橁矊 鞛愳嫚鞐愱矊 欤检柎歆� 氇呺牴毵岇潉 鞚错枆頃橂姅 靷瀸鞚� 鞐嗢潉 瓴冹澊霛缄碃 欤检灔頃橂┌, 旒€鞚胳姢鞚� 瓴届毎臧€ 靹彪頃� 鞚挫湢電� 氇摖 鞝曥箻臧€霌る弰 臧勳爤頃橃棳. "頃橂矤鞚� 搿滊摐鞚� 鞝勳牅", 歃�, 鞝曤秬霝€ "斓滉碃鞚� 歆€鞁濎澑霌れ澊 雼闺┐頃� 靷殞氍胳牅霌れ棎 雽€項� 瓴╇牞頃� 韱犽鞚� 氩岇澊電� 瓿�"鞚措澕電� 鞝勳牅毳� 於╈”鞁滌及旮办棎 臧€電ロ晿鞓€雼り碃 欤检灔頃橃榾雼�. 氚橂┐, 鞛愲掣欤检潣毳� 鞎勳槇 韺岆└ 鞁滌紲鞎� 頃滊嫟瓿� 欤检灔頃橂姅 瓴届牅頃欖瀽霌る弰 臁挫灛頃滊嫟. 旃措ゴ 毵堧ゴ韥姢電� 鞛愲掣 欤检潣鞐� 氚橅晿電� 靷儊, "瓿奠偘欤检潣"毳� 欤检灔頃橃榾雼�. 旃措ゼ 毵堧ゴ韥姢電� 鞛愲掣臧€搿滊秬韯办潣 須№彫毳� 鞁晿瓴� 氚涭潓鞙茧靹�, 頃橂（ 頃橂（鞚� 靷鹅潉 牍勳案頃橁矊 氤措儓雿� 雲鸽彊鞛愳榾雼�. 攴胳潣 鞎勳澊霌れ潃 臧€雮滌棎 彀岆摛鞏� 氤戩棎 瓯鸽Μ瓯半倶 甑鹅柎 欤届柎雮橁皵瓿�, 攴鸽姅 鞚措煬頃� 氇摖 氍胳牅電� 鞛愲掣欤检潣 鞁滌姢韰滌棎 鞛堨棃雼り碃 靸濌皝頃橃榾雼�. 攴鸽姅 鞛愲掣欤检潣 觳搓硠靻� "鞛愲掣臧€"旄奠潃 鞓れ 鞛愳嫚毵岇潣 靷鹅潉 鞙勴晿鞐� 鞛橂霅� 攵勲鞍鞕€ 須№彫, 彀硠鞚� 旮胳潉 瓯冯姅雼り碃 欤检灔頃橃榾雼�. 瓴瓣臣鞝侅溂搿�, 攴鸽姅 甑皜臧€ 氇摖 霃堨潉 毂呾瀯瓿� 氇摖 靷瀸霌れ澊 氩堧張鞚� 甑皜臧€ 氚半秬頃橃棳 雮橂垹鞎柬暅雼り碃 欤检灔頃橁矊霅滊嫟. 頃橃毵�, 攴胳潣 靷儊鞚€ 鞚挫湦於旉惮霃欔赴鞚� 鞚挫湢臧€ 靻岆└霅� 靷瀸霌り臣. 攵€韺暅 鞝曥箻搿� 鞚疙暣 瓴瓣淡 鞎旐潙旮半ゼ 瓯逢矊霅滊嫟.
鞚鸽鞚� 甓侁饭鞝侅澑 氇╉憸電� 鞚挫劯靸侅潣 氇摖 氍胳牅毳� 瓿柬暀鞝�, 靾橅暀鞝� 霌彪摫鞚� 氚╇矔鞙茧 頃搓舶頃橂姅 瓴冹澊雼�. 頃橃毵�, 雮橂姅 鞚� 毂呾潣 鞝€鞛愳檧 臧欖澊 氇摖 鞚鸽毳� 韽樄頃橁碃, 氚半牑鞕€ 鞏戨炒毳� 氚旐儠鞙茧頃橂姅 瓴届牅頃� 靷儊毵岇澊 鞚� 鞚鸽鞚� 甓侁饭 鞝侅澑 氇╉憸毳� 頃搓舶頃橂姅雿� 鞛堨柎靹� 霃勳泙鞚� 霅滊嫟瓿� 靸濌皝頃滊嫟. 鞓れ 靷瀸毵岇澊 霃勲崟鞚� 臁挫灛毳� 鞎岆┌, 毵庫潃 靷瀸霌れ潣 氇╉憸電� 旮堨爠鞝� 須嶋摑鞐� 鞛堨溂氅�, 鞚� 氇摖 氍胳牅鞚� 鞁滌瀾鞚€ 鞚鸽鞕€ 霃堨潣 毵岆偍鞚挫棃旮� 霑岆鞚措嫟.
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