Mike's Reviews > Economix: How and Why Our Economy Works (and Doesn't Work), in Words and Pictures

Economix by Michael    Goodwin
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Good introduction to basic economics and its history (primarily via the U.S. experience). The author's own political sensibilities are somewhat hamfistedly delivered as he approaches the present day, and there is a shade too much hero worship of Adam Smith and the Roosevelt clan, and he also tends to veer into Greenpeace territory more than an introduction to economics should. I actually agree with most of his viewpoint, but the polemic seems out of place and poorly handled. The book would've benefited from a more balanced view of the stock market, as it tends to depict investors as either rich, idiots or both, and the system itself as basically a big business conspiracy (not to say that all three don't apply). While I can see how the dysfunctional nature of the stock market can give rise to that view - I'm sure the author realises the benefits of the stock market to society at large (pensions are one obvious example), but he doesn't give them much attention for such an important area of the world-economy and its current problems, it's quite likely that some will come away from the book asking why we have one at all. This is significant because in order to properly reform the market it needs to be understood why it works, not just how its been abused. Overall though worth a read even for those already familiar with the territory.
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Reading Progress

December 2, 2012 – Shelved
Started Reading
December 3, 2012 – Finished Reading

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