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Posts Tagged ‘economics’

Books

How the Economy Works, or Doesn’t

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Economist Roger E. A. Farmer’s slim but dense book How the Economy Works is slightly mistitled. A better description would be Various Theories of How People Think The Economy Works But Really How The Economy Doesn’t Work Very Well At All. I guess it just didn’t have that ring to it though. Farmer’s text isn’t going to win any awards for its prosody. He writes, like Hemingway, in short declarative sentences but without the poetry. But if you’re looking for a survey of economic theory from Adam Smith and David Hume right up through Fed gnome Alan Greenspan, the book’s a boon.

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Boldtype

Superfreaking Out

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Just days before the release of the new book by the authors of Freakonomics (not-so-imaginatively titled Superfreakonomics), a controversy sprung up about whether or not the book gets the science on global warming very, very wrong. As folks know, the Freakonomics team of Stephen Dubner and Steven Levitt found their original zing by taking a contrarian approach to persistent economic puzzles; but a rising chorus of critics — including their New York Times colleague Paul Krugman — are charging that, this time, the pair are way out of their depth.

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