I picked up this book on the recommendation of Mike Rowe. Mike Rowe? You say. Pitchman, realty TV star, and opera singer? Yes. And he's a pretty smart guy too. But that recommendation was misguides. This book is rife with fundamentally flawed math and logic. Those flaws dilute the message. What results is point of view supported arguments contrived to give them strength. Forget this book. Head over instead to Freakonomics.
"Good if you're a union member in the 1950s looking for socialism to fix your problem, otherwise a little light."
Good if you're a union member in the 1950s looking for socialism to fix your problem, otherwise a little light.
One of the great tragedies is that economics isn't sexy or easy to understand, so baseless emotional arguments win our over reason.
Economics in One Lesson makes Econ a little sexier and a lot easier to understand.
The reader does sound like my old math teacher though, which is unfortunate
I was very disappointed with this book. I purchased the book with the intention of learning the basics of economics to help me better understand the subject for a class I was taking. I didn't feel I learned anything that would have helped prepare me for the class other than a little on politics and taxes.
Be more informative about the subject the title portrays, or change the title as it is misleading.
I wish our government would read or listen to this book.
like most books they get a little wordy and over use examples to ensure understanding but could have been a little shorter and still been great.
The next time a politician tries to sell you a boondoggle in the name of "job creation," you'll be ready to call "shenanigans" for having read this book.
Short version, when considering economic policies, stop focusing attention only on the particular and the short-term. Oh, and be honest about the real impact on the particular and short-term, while you're at it, as it often isn't nearly the boon protectionists, panderers and labor bosses claim it to be.
When all factors are considered, the economy nearly always suffers net harm by policies that prop up inefficient and uncompetitive industries.
Regarding the book, I found it engaging and eye-opening. I whole-heartedly recommend it to anyone as a quick primer on the underlying thinking that has turned us into a culture of debtors.