Top positive review
Essential reading, so relevant and interesting.
on 17 April 2017
A wonderful holistic introduction to economics. Partha Dasgupta’s comprehensive knowledge and understanding makes it so relevant and interesting. I now see economic reports and predictions from a completely different and deeper perspective.
There were so many ‘aha’ moments that I realise that my previous perception of economics was very basic and very naive. Dasgupta uses the vehicle of contrasting the many factors influencing the lives of two ten year old girls, the first is Desta living in Ethiopia, the other Becky living in US.
Although this is in the Oxford University Press ‘A Short Introduction’ range, this brilliant book gives us the breadth and depth of economics, linking it to other human activities in politics, sociology, belief system, etc. making it essential reading to all college students as they may gain a better insight into economics and with it might subsequently have a better chance of becoming successful entrepreneurs.
Unfortunately this edition was published in 2007, so there is no mention of the banking crisis 2007-2008. I for one would dearly like to read an updated 2nd edition and see how Dasgupta’s analysis of it and possibly how he might refer to it in his chapters dealing with Trust, Markets and Institutions.
This book remains relevant, so despite reading this book, post economic banking crisis and post Brexit decision, it has helped me to understand how the rich get richer and the poor get poorer no matter what. I can now see how this happens as the economic, political, legal and social aspects play out, not only globally, but also closer to home in the UK between the ‘deprived areas’ and the ‘wealthy areas’.