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Ron said:
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A highly recommended read that helps a discerning mind separate fact from fiction in highly-politicized economic debates that are unfortunately far more common these days. The book is essentially a collection of essays, appropriately referencing eachA highly recommended read that helps a discerning mind separate fact from fiction in highly-politicized economic debates that are unfortunately far more common these days. The book is essentially a collection of essays, appropriately referencing each other, making it well-suited for a non-linear read if the subject matter in the middle or end of the book is of more interest, or more timely to the reader, than the material at the beginning.
I am about half-way through, and really like it. I wish every member of the US Congress and the White House could agree on the fundamentals of economics highlighted in this book, without trying to use fringe arguments with unstated assumptions to polarize debate. The author repeatedly makes the claim that economists generally agree on far more than political debates would otherwise cause one to believe, and that both political extremes are guilty of fallacious or misleading economic arguments. Results of broad surveys of economists are included to underscore this point.
The book does not contain mathematics at any level, let alone anything complex. Anyone looking for a text book-like introduction to economic concepts will not find them here. Instead, the discussion occurs at more of a meta-layer, discussing economic issues (e.g., trade, technology, fiscal and monetary policy, etc.) and relating historical data, current economic research results, and what the author purports to be the general consensus of most economists, and combines these in a style that is comprehensive but not boring or dry, and very relevant to the issues of the day.
A highly recommended book for us all in these unique and challenging economic times....more
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