Shop now Shop now Shop now Shop All Amazon Fashion Up to 70% off Fashion Cloud Drive Photos Shop Amazon Fire TV Shop now Shop Fire HD 6 Shop Kindle Voyage Shop now Shop Now Shop now
Customer Review

8 of 10 people found the following review helpful
3.0 out of 5 stars Good Informal Overview on the subject, 29 May 2008
Verified Purchase(What is this?)
This review is from: Naked Economics - Undressing the Dismal Science (Paperback)
This is a good book. I'll give it 3 stars because it basically had one premise and that is it: markets are best left alone without interference. It didn't really tell me anything I didn't know or offer any particularly brilliant insights. He reasoned a lot of his argument on the notion of achieving "utility" - we do things to achieve our own selfish ends.

He explains the way the world works, but if you are of the opinion that the world aint working too great then you'll be disappointed because Mr Wheelan does not offer any solutions. All he wants is less government regulation and greater globalisation. He would say that though - it will make him richer.

He reasons that when each country or group of people is free to specialise then they become more productive. Which is true, but there are other issues to contend with. I think the main problem I had is that he talked as if economic wealth and achieving maximum productivity is all that matters. But to me, happiness is most important. Even he concedes in the book that the rich are no happier than the less well off.

He doesn't address the fact that big business has too much power either. Or the fact that despite greater real wages than previous generations, most of the wealth is concentrated at the top. Yes we probably work less, but we still work longer and harder hours than we should, I'd contend. Again he doesn't address this.
This book introduces the general reader to how governments govern their economy in an easy to understand way and it does provide a good overview. But, if you were looking for a book to tell you what is wrong with the world then this ain't it because according to Mr Wheelan, things are going fine.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No

[Add comment]
Post a comment
To insert a product link use the format: [[ASIN:ASIN product-title]] (What's this?)
Amazon will display this name with all your submissions, including reviews and discussion posts. (Learn more)
Name:
Badge:
This badge will be assigned to you and will appear along with your name.
There was an error. Please try again.
Please see the full guidelines ">here.

Official Comment

As a representative of this product you can post one Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
The following name and badge will be shown with this comment:
 (edit name)
After clicking on the Post button you will be asked to create your public name, which will be shown with all your contributions.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.  Learn more
Otherwise, you can still post a regular comment on this review.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
 
System timed out

We were unable to verify whether you represent the product. Please try again later, or retry now. Otherwise you can post a regular comment.

Since you previously posted an Official Comment, this comment will appear in the comment section below. You also have the option to edit your Official Comment.   Learn more
The maximum number of Official Comments have been posted. This comment will appear in the comment section below.   Learn more
Prompts for sign-in
 

Comments


Sort: Oldest first | Newest first
Showing 1-2 of 2 posts in this discussion
Initial post: 14 Apr 2009 19:33:22 BDT
I have this book and I've read it, and I'm sorry, but this review is nonsense. His arguments are not at all based around the principle of "markets are best left alon without interference". There is a whole chapter explaining why government is NEEDED to make markets function at all (enforcing laws etc.) and why Govts are needed to correct market FAILURE. He acknowledges the two sides of the argument, and is much more moderate than this review makes him out to be.
He also says in his book that the reason the markets fail in countries in Africa is because of the weakness of the government.
Bad review.

Posted on 18 Oct 2011 22:14:58 BDT
Maybe the reviewer mixed this with Tim Harfords inferior Undercover Economist?
‹ Previous 1 Next ›

Review Details