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  • Economics in One Lesson

  • By: Henry Hazlitt
  • Narrated by: Jeff Riggenbach
  • Length: 6 hrs and 55 mins
  • Unabridged
  • Overall
    4.5 out of 5 stars 1,836
  • Performance
    4.5 out of 5 stars 1,293
  • Story
    4.5 out of 5 stars 1,287

Called by H.L. Mencken, "one of the few economists in history who could really write," Henry Hazlitt achieved lasting fame for his brilliant but concise work. In it, he explains basic truths about economics and the economic fallacies responsible for unemployment, inflation, high taxes, and recession.

  • 5 out of 5 stars
  • New to Economics? Start here!

  • By Ferg Merkl on 10-12-07

Economics is not mathematics,

2 out of 5 stars
2 out of 5 stars
2 out of 5 stars

Reviewed: 09-19-11

What did you like about this audiobook?

Better understanding of the subject by the author

How has the book increased your interest in the subject matter?

Book was enjoyable, alright!

Does the author present information in a way that is interesting and insightful, and if so, how does he achieve this?

Narrator was just fine.

What did you find wrong about the narrator's performance?

Certainty, where none exists is dangerous. Some concepts are well explained. The broken window myth, war stimulates the economy myth, building unnecessary things to stimulate economy myth, etc are great. The author starts out to refute "myths of economy", and yet ironically creates and propagates many myths, worse than the ones he sets out to refute in the first place. First fallacy is assuming that economy is a hard science like mathematics. It may be, but all the factors in the equation are not yet fully known. Drawing definite conclusions with many unknown factors is premature. This leads to certainty, where it does not exist and that's the root of many evils.

Another fallacy assumed in this book is that all purchases of goods and services and savings lead to wealth creation. iPad is a good example. Watching movie is another. The money spent does not create wealth for the spender. He simply purchases entertainment. The value of goods or services acquired does not remain the same or increase in all cases. The transaction, however, makes the society richer. The ability to purchase such goods, whose value will declines with time is the hallmark of a wealthy society.

Another biggest fallacy is the assumption that one billion dollars in the hands of one man in a society of a million people is the same as a range of distribution from, say a hundred to million dollars in the hands of all the million people. While the society has a billion in both cases, 999,999,999 are poor in the first and there's a range in the second with varying degrees of purchasing power.

These any many more definite conclusions drawn based on false premises combined with simplicity of explanation make this not merely untrue, but a dangerous book in the hands of few manipulative leaders and a larger herd of unquestioning, uncritical masses. read (listen) very critically.

Do you have any additional comments?

I encourage readers to read or listen to black swan and fooled by randomness.

12 of 22 people found this review helpful

  • The Upside of Irrationality

  • The Unexpected Benefits of Defying Logic at Work and at Home
  • By: Dan Ariely
  • Narrated by: Simon Jones
  • Length: 8 hrs and 18 mins
  • Unabridged
  • Overall
    4.5 out of 5 stars 1,434
  • Performance
    4.5 out of 5 stars 811
  • Story
    4.5 out of 5 stars 803

In his groundbreaking book Predictably Irrational, social scientist Dan Ariely revealed the multiple biases that lead us into making unwise decisions. Now, in The Upside of Irrationality, he exposes the surprising negative and positive effects irrationality can have on our lives. Focusing on our behaviors at work and in relationships, he offers new insights and eye-opening truths about what really motivates us on the job.

  • 3 out of 5 stars
  • Not as good as the first

  • By Stephen on 06-20-10

Not as rigorously scientific as the first book

3 out of 5 stars

Reviewed: 09-22-10

I've read his first book "Predictably Irrational". In that he opens the window to human irrationality and in this book he explores various ways to take advantage of that irrationality. Enjoyable read as well as informative. But this book fell short of my expectations that he set with his first book.

He tried to extrapolate the results to unrelated groups under different conditions. For example, he proved in an experiment that under the "acute stress of high reward" an untrained group of individuals performed poorly compared to a similarly untrained group of people who were not pressured by the high reward. And then he goes on to argue that executives and professionals should be paid less. He in fact asks if you would rather be operated on by a well paid surgeon or less paid surgeon, arguing that a well paid surgeon will underperform because of the pressure of high reward (compensation). I guess I should disclose here that I am a physician. I'm in no way supporting the ridiculous pay of this generation of executives, bankers and even some physicians, but I believe this extrapolation is not scientific. I found a few similar misinterpretations.

At times, he described his ordeal of recovery from extensive burns in gory details. I am very sympathetic to his suffering and there are times I cried reading it (bear in mind that I'm not stranger to suffering). When looked at it objectively, though, the details were a little more than needed for the narrative. I felt that he invoked emotional reactions, unrelated to the book's narrative. Was he trying to harness the irrationality of the readers?

Most observations made in the book appear logical and insightful and his research is commendable. That's all the more reason for him to be as scientifically accurate as possible and not stray. In such a setting, even one unscientific conclusion will cast a shadow of doubt on the validity of the rest. How ever, I do highly recommend, but advise the reader to read it critically.

7 of 9 people found this review helpful

  • The Greatest Show on Earth

  • The Evidence for Evolution
  • By: Richard Dawkins
  • Narrated by: Richard Dawkins, Lalla Ward
  • Length: 14 hrs and 36 mins
  • Unabridged
  • Overall
    4.5 out of 5 stars 2,660
  • Performance
    4.5 out of 5 stars 1,794
  • Story
    4.5 out of 5 stars 1,776

The Greatest Show on Earth is a stunning counterattack on advocates of "Intelligent Design," explaining the evidence for evolution while exposing the absurdities of the creationist "argument". Dawkins sifts through rich layers of scientific evidence: from living examples of natural selection to clues in the fossil record; from natural clocks that mark the vast epochs wherein evolution ran its course to the intricacies of developing embryos; from plate tectonics to molecular genetics.

  • 5 out of 5 stars
  • Well read, well explained, scientific.

  • By Joseph on 10-28-09

Great book, interesting read

4 out of 5 stars

Reviewed: 09-22-10

I have read this book when it was released and now I am listening to it. I am enjoying listening to it, just as much as I've enjoyed reading it. It could've been a classic and my all time favorite easily, but for the fact that he resorted to refuting ID/creationism. I guess in the current climate of rampant ignorance and he was compelled to do that. He didn't really need to dedicate any effort refuting the "evidence-deniers", simply for the fact that no amount of evidence could convince them. By excluding that <1% time he spent in the book refuting ID/ Creationism, this book could've been just as great as the "Selfish Gene". Prof. Dawkins is my all time favorite author. Ever since I discovered his writings a few years ago, I have been trying to read them all and so far not one of them disappointed me. This book is no exception. Great book. A must read for all students of science and for anyone interested in understanding the nature.