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Timely topic but too much jargon
on 21 May 2013
This is a book by a British economist lecturing at a university in the US who opposes current Western government austerity policies root and branch. It is published in the US but actually contains more material of interest to the European than to the American reader. In particular, its damning verdict on the euro is worth studying, because it comes from an author who remains convinced of the value of the European project in political terms.
In its racy, almost colloquial style, the book appears to be pitched at the general reader: it is very readable--but it is so peppered with jargon that is not always explained, that understanding, as opposed to reading, is rather more difficult. Krugman, a Nobel laureate in economics, demonstrates in his books on similar subjects that the use of a great deal of jargon is not necessary.
What is more, if you are going to try to impress with jargon like Soziale Marktwirtschaft and Wirtschaftswunder (describing the postwar German economy), then make sure that either you or your proofreader can spell these terms!