14 of 15 people found the following review helpful
Economics: the question to all our answers, not vice versa,
This review is from: Losing Control: The Emerging Threats to Western Prosperity (Hardcover)
I am still reading this book and greatly enjoying it. King is pleasingly erudite and his evident fondness for classical economics and "political economy" over the increasingly dismal science of the postwar era will engage anyone who enjoyed eg Paul Ormerod's "The Death of Economics."
Of course, I don't agree with everything he says: I dare say I try to be more of a "rational optimist" (to borrow from the title of Matt Ridley's new book) than King does and I think the chances are reasonably good that technology does more to offset increasing competition for scarce resources (engendered by emerging market growth) than he allows for.
But it's always refreshing and helpful to listen to people whose views are not in line with your own, and Losing Control is thus far doing an excellent job. The rather mean-spirited (might that be catty?) review in The Economist to my mind missed the point. Yes King is better at highlighting problems than proposing solutions. But isn't that what economists ought to be paid for? To misquote Rowan Williams, "economics is the question to all our answers, not the answer to all our questions." In a world that prizes second-rate answers above first-rate questions, I would rather have half a dozen of the latter than almost any quantity of the former. Well done Mr King.
Dreadful cover artwork mind; tell your publishers.