This book is a lucid and clear disquisition on what goes for "free market" thinking. It examines 23 commonly expressed platitudes about economics and where they fail to explain economic and financial processes. It thereby provides interesting insights to the financial failures of 2008 and the present days. The reading matches the writing, making it difficult to put down. I now want to review the arguments on paper, as they are worthy of closer study.
The author should learn something about what he is going to criticize before he sets about criticizing it. But then, if he did, he wouldn't have written the book at all.
The scene where the wealth created by the rich person got magically "redistributed up" from the poor person that didn't create it, to the rich person that did. It was confusing, but hilarious!
He does make a few good points, such as how certain political factors are incorporated into, and shape, markets, without free-market proponents noticing (in chapter 1). On the other hand, he proves practically none of his assertions, and most of his arguments "against" capitalism are based on his own misunderstandings of free-market arguments, i.e., straw-man arguments. As an avid free-marketer myself, I welcome *valid* opposing viewpoints. This book does not supply that.
this book provides great insights and alternative ways of interpreting economic observations in a concise and coherent manner. healthy focus on developmental economics.
Reading book is good because that means you got time to do what you enjoy.
The book is well written and easy to read. Chang pointed out many examples against idealistic free market economics. While I am believer in free market, I still find this book informtive and interesting. Afterall, skepticism is an important part of intellectual critical thinking in any discipline.
Should be mandatory reading for all politicians and bankers.
He does not stumble over the big words.
Global finances 101.
I agree with most of the analysis and conclusions of this book. The author promises to talk plainly about the economic points he is making -- but the "econ-o-speak" is definitely still present. Some of the information could have been better translated into everyday English.
Addicted to audible. One the best things that happened to me
This book is a must read for developing nations that are following blindly what is done at the developed countries economies without considering their action.
I read this book with an open mind. Its rationale, articulate and precise thoughts made me listen carefully to every word with all my senses. Surely, after done reading it, you will believe that the market is not as free as we like to think it is, but rather as long as humane efforts are based on individualism and the interest of big powers vs. those who are crushed in developing and underdeveloped nations, the world will never have hope for the future. It is only by the collective minds and powers of all people can we overtake this critical stage in humanity's life.
Finally, it is interesting to listen to this book from a southern American accent while the author is Korean!
A great informative book, that helped me see deeper into economics and policies. I saw it as a center of the isle view into what is going on.
Gives you new insight on free market capitalism and as you read along you start to realize about the problems that lied underneath our current economic crisis isn't just a coincidence. Offers you new sight and viewpoints on current
I'd recommend it to anyone interested in economics. I don't personally read nonfiction much, nor do friends I know. This one though, is something people should hear.
We've been getting a load of bull **** about what works for a thriving economy. The concepts here are really easy to understand, and make a lot more sense than most of what you've been hearing lately. It's not a manifesto for a welfare state, or for the disregulation of everything. Just a talk about
There is only one character, the writer. I was surprised when, some hours into the book, I discovered the author is Korean. But the author is not the narrator: Joe Barrett does not sound at all Korean. However, Joe made it very easy to understand, which I appreciated.
It would be a documentary, for sure.
All voters should read it.