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New Ideas from Dead Economists: An Introduction to Modern Economic Thought

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3.82  ·  Rating Details ·  1,624 Ratings  ·  125 Reviews
Over 150 years ago, Scottish essayist Thomas Carlyle dubbed economics the "dismal science." But it certainly doesn't seem that way in the skillful hands of Todd G. Buchholz, author of New Ideas from Dead Economists. In this revised edition of a book first published in 1989, economics is accessible, relevant, and fascinating. It's even fun--for example, when he uses the cas ...more
Paperback, 368 pages
Published April 6th 2007 by Penguin USA (first published 1989)
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Juan-Pablo
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 “new ideas”, but just “ideas” 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’ll come back to this later.

This is a history of ideas book, but it is also a saga of how modern economy (the dismal sci
...more
Ahmad  Ebaid
Nov 15, 2015 Ahmad Ebaid marked it as to-read  ·  review of another edition
تحذير متأخر قليلاً. لكن ترجمة "المكتبة الأكاديمية" لهذا الكتاب هي أسوأ ترجمة قابلتها على الإطلاق؛ فمعظم ترجمات العبارات مغلوطة تماماً.
ولا أستطيع تخيل كيف آلت الأمور إلى هذا الهراء, وكيف واتتهم الشجاعة لنشره, ولا أستطيع أن أتخيل كيف أن الدكتور حازم الببلاوي موضوع اسمه كمراجع للكتاب.

ومن حسن الحظ أنه هنالك ترجمة بديلة ممتازة, أصدرتها "مؤسسة هنداوي للتعليم والثقافة" أو "كلمات عربية". وقد قارنتها بنفسي مع الترجمة الأخرى.

ومن الجزء البسيط الذي قرأته, فالكتاب رائع, بتفاصيل صغيرة مميزة.

Minh Nhật
Sep 14, 2016 Minh Nhật rated it really liked it  ·  review of another edition
Shelves: 7-kinh-tế
giờ mới biết có 1 bản dịch chương 6 nói về Marx của 1 thành viên x cà ngày xưa, mà đã bị kiểm duyệt thẳng thường trong bản in của nxb tri thức in lần đầu hồi 2008 . hy vọng cuốn này có tái bản lại thì đưa chương này vào lại cho hoàn chỉnh, giờ chắc cũng đỡ nhiều rồi. Mà giọng điệu của tác giả khi nói về Marx chua cay quá :)), khác hẳn nói về mấy bác khác.

https://goo.gl/oAD11F
Sarah Shahid
هذا الكتاب هو عبارة عن النسخة المعاصرة من كتب تاريخ الأفكار الاقتصادية والتي اعتدنا دراستها عند دراستنا للاقتصاد

لقد بدأ بلمحة بسيطة عن المركانتيليين وبعدها بدأ بدراسة أفكار آدم سميث "أب الاقتصاد الحديث" والأب الفكري لليبرالية الاقتصادية، وتابع دراسته مروراً بريكاردو، ماركس، جون ستيوارت مل، مارشال، كينز وأخيراً ميلتون فريدمان والمدرسة النقدية ويليه مدرسة التوقعات العقلانية وأهم ناقديها المدرسة السلوكية

يتميز هذا الكتاب بالموضوعية وعدم التحيز لآراء مفكّر معين أو إنكار جهد مفكّر آخر، كما أنه يقوم بإ
...more
Abdullah Alzahim
Aug 18, 2015 Abdullah Alzahim rated it really liked it  ·  review of another edition
أعجبني الكتاب كثيرا خصوصا انه يتحدث عن موضوع قليل من الناس يعرفه وكثير من الناس يخاف منه ألا وهو الاقتصاد. في الحقيقة ليست لدي خلفية كبيرة عن الاقتصاد إلا ما قرأته من بعض الكتب المشهورة مثل Freakonomics و thinking fast and slow. بعد قراءة هذا الكتاب قررت أن اخذ دوره اكاديمية فيما بعد الاقتصاد عن طريق موقع رواق الإلكتروني الذي يقدم حضرات اكاديمية متخصصة.

هذا الكتاب بشكل عام يتطرق لتاريخ علم الاقتصاد والمؤثرين فيه والمدارس الاقتصادية بالإضافة إلى أثر كل فكر أو مدرسة اقتصادية على حياتنا اليومية.
Salim Alghamdi
Jul 27, 2016 Salim Alghamdi rated it really liked it  ·  review of another edition
مفيد جدًا للفضوليين ومفيد أكثر للدارسين ويعتبر الخيار الأمثل للمطالعة وفهم النظريات الاقتصادية على مر التاريخ بأبسط الأمثلة المرحة الذكية والفكاهية ..
Omar Halabieh
Jul 18, 2012 Omar Halabieh rated it it was amazing  ·  review of another edition
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. Cl
...more
John
Jul 21, 2016 John rated it it was amazing  ·  review of another edition
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 c ...more
Isabell
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
...more
Jan
Nov 15, 2008 Jan rated it really liked it  ·  review of another edition
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.
Ine
Oct 12, 2007 Ine rated it liked it
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…
Maytham Abdulraheem
Jun 02, 2012 Maytham Abdulraheem rated it it was amazing  ·  review of another edition
Shelves: economics
It`s good book until now , well organized in ideas , but there is one little problem : The Examples!
there is a lot of examples to help in explain the ideas but these examples almost from the American life so it`s hard sometime to get the point ( if you are not American ) as in my case :)
But at the end all Economics Books are great ;)
...more
adam
Jun 26, 2007 adam rated it really liked it  ·  review of another edition
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.
أحمد كشيكش
من جهة الكتاب أكبر من سابقه - كتاب الببلاوي - و أكثر تفصيلا و من جهة أخرى أسلوب الكاتب أكثر سهولة و إمتاعا من أسلوب الببلاوي
مؤسسة هنداوي للتعليم والثقافة
تحميل مقتطفات من هذا الكتاب مجانًا

http://www.hindawi.org/kalimat/50264207/
Bakhit
Feb 03, 2017 Bakhit rated it really liked it  ·  review of another edition
Shelves: economics
Dear economists, if someone ever dares to tell you that economics is easy, hit them in the head with this book.
Allen Chen
Nov 29, 2013 Allen Chen rated it did not like it  ·  review of another edition
This book was a severe disappointment. First, Buchholz is obviously competent and a smart economist. He can throw in humorous factoids and create a general narrative of their lives. There is certainly a lot of data in this book. And on the whole, I probably agree with the author politically. But, I'm rating it the lowest I can give it because Buchholz made a horrible book to teach people economics, doesn't say that his opinion influences it and so is dishonest, and provided it disorganized and a ...more
Hoang Tri
Oct 09, 2016 Hoang Tri rated it it was amazing  ·  review of another edition
Các cuộc tranh luận trong kinh tế vĩ mô được sử dụng để dẫn nhập và trình bày toàn bộ tư tưởng xuyên suốt của các nhà kinh tế tiền bối. Theo mình cuốn sách nên được đưa vào các trường đại học để dùng làm giáo trình lịch sử các học thuyết kinh tế cho sinh viên khối ngành kinh tế.
Hơi tiếc vì bản dịch tiếng Việt đã lược bỏ nội dung chương 6 nói về Marx.
James
Oct 15, 2008 James rated it really liked it
Recommends it for: anyone interested in money/finance, biographies/history
With the world economy in a tailspin, now is as good a time as any to pick up this book and let it all sink in.

Buchholz does a great job making this hard to grapple with topic one that you can almost give a choke hold to or even a body slam. A second reading may give you confidence for a Steel Cage Match. To be honest, trying to formulate my own responses to our current financial crisis, I was still a bit dazed myself. But, I think I'm grasping news articles better.

I thoroughly enjoyed the mini
...more
Jared
Feb 03, 2008 Jared rated it it was amazing  ·  review of another edition
Economics textbooks are notoriously boring—riddled with oversimplified examples of Robinson Crusoe building huts and Friday gathering coconuts. Buchholz finally published something that anyone will find amusing, even if you are only marginally interested in the study of economics. His sharp and satiric writing is unparalleled in anything I have read that so accurately describes modern economic thought. Milton Friedman, the father of the Monetarists and who has a chapter dedicated to him as one o ...more
Kirk Battle
Mar 29, 2013 Kirk Battle rated it really liked it  ·  review of another edition
'New Ideas from Dead Economists' which is a fantastic introduction to economics that was suggested by a friend of mine. On audiobook I'm listening to Sir Thomas More's 'Utopia', which is weird as fuck but interesting in its own way.

Medieval Economics is interesting because it's basically pre-money. They had money, of course, but it's still attached to goods and services. There's no piles of gold or jewels to represent wealth, it comes in the form of food, resources, and labor. And man did it suc
...more
Diana Ouma
People always give me a look when I say I love and study ECONOMICS. But just as reading is one my passions, the makings of business and the world is my passion too. It is hard to understand from an outsider, but i find economics interesting and soothing at the same time. It gets my brain to work at a different frequency; a frequency of models, numbers, and history.

Anyways, Todd G. Buchholz brought together my two passions, reading and economics. His prose is soo humorous yet undeniably intellig
...more
Nick Huntington-Klein
An interesting take on the history of economic thought. Much is sacrificed here on the altar of readability, with much more emphasis on biography and ideological point-scoring between various camps, but at least the book does turn out very readable. And the broad strokes are correct, as far as I can tell.

Definitely takes an ideological stance, and doesn't shy away from passing judgment on various schools and researchers. Again, this adds to how engaging the book is (whether you're rooting him on
...more
AJ H
Mar 03, 2016 AJ H rated it it was amazing  ·  review of another edition
New Ideas From Dead Economists takes a stab at explaining economic history over the years without taking any stances or having a bias. They describe many different theories and make their best attempt at pointing out the gains and losses of each. The book provides the very origins of the soul of economics and provides the necessary information for the reader to take their position on the topic. For example, on the issue of Karl Marx, (the founder of the ways of communist theories), the book neit ...more
Justin Tapp
Jan 12, 2014 Justin Tapp rated it liked it
Shelves: economics, history
I learned an amazing amount from this book which will translate immediately into me teaching an amazing amount in a Jan term course on economic and financial thought in a few weeks.

Buchholz's history of economic thought is very readable with his witty humor. It definitely helps to have at least had some principles classes to completely understand the thoughts he explains, but he uses some simple explanations that are easy to follow. The history is great.

I now understand the syntheses of the econ
...more
N.D. Hendrix
Aug 15, 2016 N.D. Hendrix rated it it was amazing  ·  review of another edition
Really a pleasure to read. This book mixes biographical sketches of the major figures of this relatively young science with explorations of their ideas. In this way, bits of biography become mnemonic anchors for ideas, such as Malthus's pink hair powder or the fancy stationary that Marx's wife had printed while their children barely had enough to eat.

I also thought it was masterful how Buchholz used objections and questions raised by earlier theories to introduce later figures who work on just t
...more
Tanya
I have never taken an economics class; everything I know about the subject has been gleaned from intertwining disciplines. So I can't really evaluate how accurately this book presents economic principles. All I know is that I was fascinated by the new knowledge I was gaining... at least for the first 2/3rds of the book. Then it started getting really complicated talking about the income velocity of money and Keynesian theory of government spending spurring the economy to fill the gap when privat ...more
Ilya
Dec 24, 2012 Ilya rated it liked it  ·  review of another edition
Shelves: economics
Similarly to Robert Heilbroner's better-written The Worldly Philosophers, this book is an introduction to economic ideas through the lives and work of several famous economists. Both Buchholz and Heilbroner start with Adam Smith's defense of the free market, Thomas Malthus's realization that resources are finite and can be consumed by population growth, and David Ricardo's notion of comparative advantage. However, Heilbroner's book stops at Joseph Schumpeter's creative destruction, and Buchholz' ...more
John
Jan 13, 2017 John rated it really liked it
Very interesting account of Economics. The books proceeds in a roughly chronological sequence starting with Adam Smith and talks about both personalities and issues. I say roughly chronological because each although chapter deals primarily with a certain time period (and a certain economist) it intersperses that with comparisons to current thinking. Although most chapters cover the thinking of one economist, some chapters cover issues and/or schools of thought instead. I found the writing to be ...more
Austin Rory
Dec 29, 2011 Austin Rory rated it really liked it  ·  review of another edition
Great review of the development of economic thought. I recommend it for anyone that wants to get a grasp on the theoretical issues of economics and the financial roles of government. It uses each of the most historically prominent economists and gives a good (and very readable) description of their ideas, followed by some of the most important critiques of each school of thought. I felt like the book had a lean to it (a lean that I tended to agree with), so it critiqued some people harsher than ...more
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A 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 t ...more
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“[T]he ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. . . . But, soon or late, it is ideas, not vested interests which are dangerous for good or evil.25” 1 likes
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