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Would you recommend this audiobook to a friend? If so, why?
Anyone interested in economics should read or listen to this book. The brilliant, well-considered, refutation of rigid economic orthodoxy presents the diversity of the dismal science, making it a little less dismal.
Have you listened to any of John Lee’s other performances before? How does this one compare?
If you could give Economics a new subtitle, what would it be?
Beyond the hammer and the nail.
6 of 6 people found this review helpful
If you could sum up Economics in three words, what would they be?
Provocative, informative, valuable
What did you like best about this story?
I liked the exposition of various world life examples and their analysis through the lens of different schools of economic thought.
Was this a book you wanted to listen to all in one sitting?
The particular manner of speaking of the narrator and the inherently not very entertaining information made it hard for me to listen to the book for more than 30min. It was especially taxing when the narrator recited large tables with economic numbers. Seeing this on a paper or e-ink would have been immensely more convenient. Thus, consider also the written book or a combination of the two.
Any additional comments?
As a PhD student in Economics trained in the Neoclassical and New Keynesian traditions I was curious to explore different points of view. I have been fond of prof. Chang's talks on Youtube and his statement that economics cannot be separated from politics, so I decided to give his latest book a try.The book begins with an annoyingly repetitive attack on the economic profession - it can be considered either populist - so that readers hyped by media about the "failure of economics during the Great Recession" can be drawn into it; or it could just be my subjective perception. In either case, I urge you to keep an open mind and bare with the introductions.The book's general message is that one must not be "a man with a hammer" and view everything as a nail. That is to say, it promotes a pluralist view on economic and political issues and gives a broad overview of diverse economic theories and their applicability to real world examples. One could occasionally notice the Marxist training of the author and his fondness of "production" in economic issues, still he deserves credit for presenting a relatively unbiased view on the merits and drawbacks of each theory (with the merits of Neoclassical economics being underrepresented).Overall, the book takes on a broad spectrum of economic issues and sheds insights for both non-economists and professionals. I, personally, benefited from the collection of numerous teachings and facts that otherwise would have taken me too long to uncover.Again, go through the book with an open mind and humbleness, otherwise you risk being drawn to the extremes of trashing it or rejecting economics as a respectable discipline all together.
4 of 4 people found this review helpful