Monday, May 11, 2015

News From The Bookshelf

I'm just reading Economics: The User's Guide by Ha-Joon Chang, Professor of Economics at the University of Cambridge. It is a very accessible introduction to economics by the writer of the no. 1 bestseller 23 Things They Don't Tell You About Capitalism.  Both books are real eye openers, and required reading for anyone who wants to be taken seriously when debating economic policy.

Chang is a heterodox economist, i.e. he doesn't follow the economic mainstream which -- as you'll remember -- failed spectacularly in predicting the Financial Crisis of 2008. Or even recognizing it when it happened, and, no, it wasn't like an earthquake that nobody could have seen coming but rather like a ship running full of water. I mean, you can say what you want about Captain Schettino of Costa Concordia notoriety, but at least he knew that the vessel was sinking and made an exit.

Alright then. Buy the book and read it. NOW!

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