Category: Economics
The Omnivore’s Dilemma by Michael Pollan
Overview (from Publisher’s Weekly)
Pollan (The Botany of Desire) examines what he calls “our national eating disorder” (the Atkins craze, the precipitous rise in obesity) in this remarkably clearheaded book. It’s a fascinating journey up and down the food chain, one that might change the way you read the label on a frozen dinner, dig into a steak or decide whether to buy organic eggs. You’ll certainly never look at a Chicken McNugget the same way again.Pollan approaches his mission not as an activist but as a naturalist: “The way we eat represents our most profound engagement with the natural world.” All food, he points out, originates with plants, animals and fungi. “[E]ven the deathless Twinkie is constructed out of… well, precisely what I don’t know offhand, but ultimately some sort of formerly living creature, i.e., a species. We haven’t yet begun to synthesize our foods from petroleum, at least not directly.”Pollan’s narrative strategy is simple: he traces four meals back to their ur-species. He starts with a McDonald’s lunch, which he and his family gobble up in their car. Surprise: the origin of this meal is a cornfield in Iowa. Corn feeds the steer that turns … Read the rest of this entry »Think and Grow Rich by Napoleon Hill
Overview (from Amazon.com)
This is the REAL source of THE SECRET to Wealth! Published in 1937 and written during the depths of the Great Depression, this book contains the wisdom of 25 years of research into the mindset of the most brilliant, wealthiest and most powerful men of the 20th Century…. Andrew Carnegie, Henry Ford, Thomas Edison, and many more. These are the men who made the United States the powerhouse of wealth that we know it today. With easy to follow, step by step directions, this book is the TRUE inspiration for every book on creating wealth and prosperity ever since! Learn the TRUTH about THE SECRET to creating fabulous and lasting wealth from the man who wrote the book!Personal Notes
It was with great reluctance that I read this book. First of all, it’s hard for me to trust anyone named “Napoleon”. Second, the title sounds like a get-rich-quick scheme. I don’t like thinking about “getting rich”. Starting and running a successful business, sure, that sounds great, but being “rich” in and of itself isn’t the attraction. I don’t want a big house or expensive cars, fancy vacations and the like. So I didn’t think this book … Read the rest of this entry »FairTax: The Truth by Neal Boortz
General Description
In 2005, firebrand radio talk show host Neal Boortz and Georgia congressman John Linder created The FairTax Book, presenting the American public with a bold new plan designed to eliminate federal taxes and the IRS, jump-start the U.S. economy, bring back lost industries and jobs, and recapture billions of untaxed dollars hoarded by criminal and offshore businesses. Their book became an immediate #1 New York Times bestseller, propelling a powerful grassroots tax reform movement that’s spreading like wildfire across our nation.Now, three years later, the authors are back to answer the outspoken and misinformed critics of their innovative proposal. Offering eye-opening new insights not covered in the original book, FairTax: The Truth debunks the negative myths and gross misrepresentations of this groundbreaking idea. The FairTax plan is simple, brilliant, and it will work—enabling you to keep all the money in your paycheck; eliminating the fraud, hassle, and waste of our current system; and revolutionizing the way America pays for itself.
Why the President Should Read This Book
The concept of the FairTax, a national sales tax designed to eliminate federal taxation and the IRS, thus freeing up the billions of dollars spent each year on tax compliance, … Read the rest of this entry »Meltdown by Thomas E. Woods
General Overview (from Amazon.com)
If you are fed up with Washington boondoggles, and you like the small-government, politically-incorrect thinking of Ron Paul, then you’ll love Tom Woods’s Meltdown. In clear, no-nonsense terms, Woods explains what led up to this economic crisis, who’s really to blame, and why government bailouts won’t work. Woods will reveal:- Which brave few economists predicted the economic fallout–and why nobody listened
- What really caused the collapse
- Why the Fed–not taxpayers–should have to answer for the current economic crisis
- Why bailouts are band-aids that will only provide temporary relief and ultimately make things worse
- What we should do instead, to put our economy on a healthy path to recovery
With a foreword from Ron Paul, Meltdown is the free-market answer to the Fed-created economic crisis. As the new Obama administration inevitably calls for more regulations, Woods argues that the only way to rebuild our economy is by returning to the fundamentals of capitalism and letting the free market work.
Why the President Should Read This Book
Those who don’t know history are doomed to repeat it. Yes, it’s cliche, but cliches become what they are generally because they’re true, and nothing seems more true when it comes … Read the rest of this entry »Capitalism and Freedom by Milton Friedman
General Description (from Amazon.com)
How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of becoming more and more influential as time goes on.About the Author (from Wikilea…err, Wikipedia, I mean)
Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist, statistician, a professor at the University of Chicago, and the recipient of the Nobel Prize in Economics. Among scholars, he is best known for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy. He was an economic advisor to U.S. President Ronald Reagan. Over time, many governments practiced his restatement of a political philosophy that extolled the virtues of a free market economic system with little intervention by government. As a … Read the rest of this entry »Animal Spirits by George A. Akerlof and Robert J. Shiller
General Description (from Amazon.com)
The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, “animal spirits” are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity. Akerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government–simply allowing markets to work won’t do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life–such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunes–and show how Reaganomics, Thatcherism, and the rational expectations … Read the rest of this entry »Superfreakonomics by Steven D. Levitt and Stephen J. Dubner
General Description (from Amazon.com)
The New York Times best-selling Freakonomics was a worldwide sensation, selling over four million copies in thirty-five languages and changing the way we look at the world. Now, Steven D. Levitt and Stephen J. Dubner return with SuperFreakonomics, and fans and newcomers alike will find that the freakquel is even bolder, funnier, and more surprising than the first.Four years in the making, SuperFreakonomics asks not only the tough questions, but the unexpected ones: What’s more dangerous, driving drunk or walking drunk? Why is chemotherapy prescribed so often if it’s so ineffective? Can a sex change boost your salary?
SuperFreakonomics challenges the way we think all over again, exploring the hidden side of everything with such questions as:
- How is a street prostitute like a department-store Santa?
- Why are doctors so bad at washing their hands?
- How much good do car seats do?
- What’s the best way to catch a terrorist?
- Did TV cause a rise in crime?
- What do hurricanes, heart attacks, and highway deaths have in common?
- Are people hard-wired for altruism or selfishness?
- Can eating kangaroo save the planet?
- Which adds more value: a pimp or a Realtor?
Levitt and Dubner mix smart … Read the rest of this entry »
Freakonomics by Steven D. Levitt and Stephen J. Dubner
General Description (from Amazon.com)
Economics is not widely considered to be one of the sexier sciences. The annual Nobel Prize winner in that field never receives as much publicity as his or her compatriots in peace, literature, or physics. But if such slights are based on the notion that economics is dull, or that economists are concerned only with finance itself, Steven D. Levitt will change some minds. In Freakonomics (written with Stephen J. Dubner), Levitt argues that many apparent mysteries of everyday life don’t need to be so mysterious: they could be illuminated and made even more fascinating by asking the right questions and drawing connections. For example, Levitt traces the drop in violent crime rates to a drop in violent criminals and, digging further, to the Roe v. Wade decision that preempted the existence of some people who would be born to poverty and hardship. Elsewhere, by analyzing data gathered from inner-city Chicago drug-dealing gangs, Levitt outlines a corporate structure much like McDonald’s, where the top bosses make great money while scores of underlings make something below minimum wage. And in a section that may alarm or relieve worried parents, Levitt argues that parenting methods don’t really matter … Read the rest of this entry »The Wal-Mart Effect by Charles Fishman
General Description (from Publisher’s Weekly)
Fishman shops at Wal-Mart and has obvious affection for its price-cutting, hard-nosed ethos. He also understands that the story of Wal-Mart is really the story of the transformation of the American economy over the past 20 years. He’s careful to present the consumer benefits of Wal-Mart’s staggering growth and to place Wal-Mart in the larger context of globalization and the rise of mega-corporations. But he also presents the case against Wal-Mart in arresting detail, and his carefully balanced approach only makes the downside of Wal-Mart’s market dominance more vivid. Through interviews with former Wal-Mart insiders and current suppliers, Fishman puts readers inside the company’s penny-pinching mindset and shows how Wal-Mart’s mania to reduce prices has driven suppliers into bankruptcy and sent factory jobs overseas. He surveys the research on Wal-Mart’s effects on local retailers, details the environmental impact of its farm-raised salmon and exposes the abuse of workers in a supplier’s Bangladesh factory. In Fishman’s view, the “Wal-Mart effect” is double-edged: consumers benefit from lower prices, even if they don’t shop at Wal-Mart, but Wal-Mart has the power of life and death over its suppliers. Wal-Mart, he suggests, is too big to be subject to … Read the rest of this entry »On The Wealth of Nations by P. J. O’Rourke
General Description (from Amazon.com)
In On The Wealth of Nations, America’s most provocative satirist, P. J. O’Rourke, reads Adam Smith’s revolutionary The Wealth of Nations so you don’t have to. Recognized almost instantly on its publication in 1776 as the fundamental work of economics, The Wealth of Nations was also recognized as really long: the original edition totaled over nine hundred pages in two volumes—including the blockbuster sixty-seven-page “digression concerning the variations in the value of silver during the course of the last four centuries,” which, “to those uninterested in the historiography of currency supply, is like reading Modern Maturity in Urdu.” Although daunting, Smith’s tome is still essential to understanding such current hot-topics as outsourcing, trade imbalances, and Angelina Jolie. In this hilarious, approachable, and insightful examination of Smith and his groundbreaking work, P. J. puts his trademark wit to good use, and shows us why Smith is still relevant, why what seems obvious now was once revolutionary, and why the pursuit of self-interest is so important.Why the President Should Read This Book
Because he tried reading The Wealth of Nations by Adam Smith and found it too boring to finish. Seriously, Wealth of Nations is a … Read the rest of this entry »Wealth of Nations by Adam Smith
General Description (from Amazon.com)
The foundation for all modern economic thought and political economy, “The Wealth of Nations” is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words. Smith details his argument in the following five books: Book I. Of the Causes of Improvement in the productive Power of Labour, Book II. Of the Nature, Accumulation, and Employment of Stock Introduction, Book III. Of the Different Progress of Opulence in Different Nations, Book IV. Of Systems of Political Economy, and Book V. Of the Revenue of the Sovereign or Commonwealth; which taken together form a giant leap forward in the field of economics. A product of the “Age of Enlightenment”, “The Wealth of Nations” is a must read for all who wish to gain a better understanding of the principles upon which all modern capitalistic economies have been founded and the process of wealth creation that is engendered by those principles.Why the President Should Read This Book
Because it was read and studied by virtually all the Founders? Because it forms the basis of much of modern-day economic thought? Need I … Read the rest of this entry »Economics in One Lesson by Henry Hazlitt
Reviews
“A magnificent job of theoretical exposition.”
—Ayn Rand“I strongly recommend that every American acquire some basic knowledge of economics, monetary policy, and the intersection of politics with the economy. No formal classroom is required; a desire to read and learn will suffice. There are countless important books to consider, but the following are an excellent starting point: The Law by Frédéric Bastiat; Economics in One Lesson by Henry Hazlitt; What has Government Done to our Money? by Murray Rothbard; The Road to Serfdom by Friedrich Hayek; and Economics for Real People by Gene Callahan. If you simply read and comprehend these relatively short texts, you will know far more than most educated people about economics and government. You certainly will develop a far greater understanding of how supposedly benevolent government policies destroy prosperity. If you care about the future of this country, arm yourself with knowledge and fight back against economic ignorance. We disregard economics and history at our own peril.”
—Ron Paul, Senator from TexasWhy the President Should Read It
This is perhaps the first book anyone should read about economics. Written in the 40s, you wouldn’t know it by reading it, because not only is … Read the rest of this entry »