[PDF] How Markets Fail The Economics of Rational Irrationality by John Cassidy



10 thoughts on “How Markets Fail The Economics of Rational Irrationality

  1. says:

    This is a timely lucid well structured and well argued book perhaps the best of the half dozen or so economically and financially themed tomes that I have read over the past several months Cassidy by structuring hi

  2. says:

    What a great read this has been for me Some chapters are interesting than others for me but this book has changed how I view economics and increased my interest in the subject Highly recommended

  3. says:

    The 2007 and 2008 crisis in world economics and financial markets have spawned many books This is one book that talks about the same crisis but perhaps in a much insightful way than any other Dwelling on the interplay between economi

  4. says:

    “How Markets Fail” or what I learned whilst getting my economics degree While billed as an explanatory review of the ongoing economic correction that began when the housing bubble began to seriously leak in 2006 John Cassidy’s book can be better understood as a somewhat in depth treatise of economic thought from the late 1700’s to the day Bear Sterns died Cassidy spends much of the book trotting out gr

  5. says:

    This is another excellent addition to a library of very good books that came about after the official end of free market capitalism on 91808The mathematics of economics are the most surprising part at the beginning of this book and you get the sense that John Cassidy introduces them to show he's serious; he's

  6. says:

    A pleasant academic book to read If there is a second name for this book it will be how “free” markets failI particularly like the first two parts of the book They effectively revise and summarize all of the key economic theories

  7. says:

    “Few ideas offer appeal than a model that is simple elegant and wrong” John Cassidy uotes Ben Friedman the Professor of Political Economy at Harvard University towards the end of the book How Markets Fail is a book on the history of economic thought with the book divided into three sections – Conservative

  8. says:

    While the book gives a broad history of economic thought and of the 2018 financial crisis it is not without serious flaws Personally I also take issues with many elements of the efficient market theory rational expectations and general euilibrium theory what the author termed utopian economics but those are not the sole justifications for the free market Most capitalists I know many are investors and entrepreneurs recognizes th

  9. says:

    This is a political screed That is unfortunate The first part of the book offers Cliff Notes explanations of various economic theories It is a fair presentation if any of the ideas are new to you It is redundant if you're already familiar with the separate and competing theories The next section becomes political global warming universal healthcare environmental protection etc It becomes a full defense of Keynesian thoug

  10. says:

    I am glad I did not major in economics Four six or eight years of economics study and I would have been taught erroneous information like the efficiency of the invisible hand and euilibrium theory This book is about a major blindspot economists had the theory that the market would work all the time making everyone prosperous When the Great Recession hit this turned out to be not the case Cassidy not only gives

Leave a Reply

Your email address will not be published. Required fields are marked *

Read Ú PDF, DOC, TXT or eBook Ê John Cassidy

Idy How Markets Fail offers a new enlightening way to understand the force of the irrational in our volatile global economy Why do many people contribute generously to charity but fail to save for their own retirement What is the economic answer to global warming Using fascinating new insights from behavioural economics and vivid contemporary and historical examples Cassidy explains that How Markets Fail The Logic of Economic Poor People's Movements Why They Succeed How They Fail O o so ffl r ra MOVE MENTS m m WHY THEY SUCCEED HOW THEY FAIL H cr AAE VIM AGE FRANCE MB Read Bargaining and Markets Economic Theory Econometrics and Mathematical Economics MB Read The Logic of Knowing Roderick M Chisholm The Journal of Philosophy Vol No How Markets Fail uotes by John Cassidy Market prices will fail to approximate true scarcity values in terms of wants; they will be loaded with misinformation and producers’ profit calculations will leave out of account much of the private benefit associated with public goods The ‘invisible hand’ will fumble people’s decentralized market choices will not efficiently cater to their tastes” ― John Cassidy How Markets How Markets Fail The Logic of Economic Finalist How Markets Fail The Logic of Economic Calamities by John Cassidy Farrar Straus and Giroux Share Twitter Facebook Email A work that probes the complexity of the Great Recession using solid research and precise documentation to reveal not only a gripping human drama but also a tense clash of ideas Winners Prize Winner in General Nonfiction in The Dead Hand The Untold Summary and reviews of How Markets Fail by John In How Markets Fail John Cassidy describes the rising influence of what he calls utopian economics thinking that is blind to how real people act and that denies the many ways an unregulated free market can produce disastrous unintended conseuences He then looks to the leading edge of economic theory including behavioral economics to offer a new understanding of the economy one How Markets Fail The Logic of Economic “How Markets Fail is than just an account of the failures of regulators and the self deception of bankers and homebuyers although these are well covered For Mr Cassidy the deeper roots of the crisis lie in the enduring appeal of an idea that society is always best served when individuals are left to pursue their self interest in free markets An ambitious book and one that How Markets Fail Summary and Analysis like Sites like SparkNotes with a How Markets Fail study guide or cliff notes Also includes sites with a short overview synopsis book report or summary of John Cassidy’s How Markets Fail We found no such entries for this book title Please see the supplementary resources provided below for other helpful content related to this book Short Book Summaries Sites with a short overview synopsis Market Failure Economics Help Definition of Market Failure – This occurs when there is an inefficient allocation of resources in a free marketMarket failure can occur due to a variety of reasons such as monopoly higher prices and less output negative externalities over consumed and costs to third party and public goods usually not provided in a free marke Few ideas offer appeal than a model that is simple elegant and wrong John Cassidy uotes Ben Friedman the Professor of Political Economy at Harvard University towards the end of the book How Markets Fail is a book on the history of economic thought with the book divided into three sections Conservative Economics Keynesian and Neo Keynesian Economics which Cassidy calls Reality Based economics and the Financial Crisis Cassidy goes to great lengths to show the disconnect that exists between the complex mathematics used to predict the future of the economies and how the economies and the markets actually operate Using the events leading up to the Great Recession of 2007 08 and the steps that were taken in the aftermath of the financial crisis Cassidy reasons that the assumptions which act as pillars for the laws of Free Market economics don t hold at all times especially not at times of crisis and argues for greater regulation and oversight and less dependence on the laissez faire principles of markets being able to correct themselvesThis book took me eighteen months to read and I was able to finish an MBA in that time period Although written for the average person interested in economics Cassidy is no economist himself several complex concepts Hayek s price signaling Negative Externalities Prisoner s dilemma and Rational Irrationality are discussed in the book with a fair amount of depth Without going into the mathematical details of the concepts Cassidy is able to present the big picture view of the ideas and how they manifest in the different schools of thought Cassidy s personal views on fiscal policies and market operations are all too visible in the narrative and his scathing comments Alan Greenspan and Ben Bernanke are well visible However it would be unfair to say that the views portrayed in the book are one sided as counterpoints are presented uite freuently Cassidy s core argument is just that there is no one answer to how the markets operate and how they need to be monitored there is no one theory which should say whether everything is okay He advocates a case by case monitoring of financial situations and greater emphasis on financial stabilityHow Markets Fail was an excellent read and is highly recommended to anyone interested in learning about the history of economics and how they fit into the reality of the Great Recession On a personal level this book will always be important for having kindled the love of economics in me Stuffed new enlightening way to understand the force of the irrational in our volatile global economy Why do many people contribute generously to charity but fail to save for their own retirement What is the economic answer to global warming Using fascinating Cotas Claim new insights from behavioural economics and vivid contemporary and historical examples Cassidy explains that How Markets Fail The Logic of Economic Poor People's Movements Why They Succeed How They Fail O o so ffl r ra MOVE MENTS m m WHY THEY SUCCEED HOW THEY FAIL H cr AAE VIM AGE FRANCE MB Read Bargaining and Markets Economic Theory Econometrics and Mathematical Economics MB Read The Logic of Knowing Roderick M Chisholm The Journal of Philosophy Vol No How Markets Fail uotes by John Cassidy Market prices will fail to approximate true scarcity values in terms of wants; they will be loaded with misinformation and producers’ profit calculations will leave out of account much of the private benefit associated with public goods The ‘invisible hand’ will fumble people’s decentralized market choices will The Captured Princess (Taken by Vikings, not efficiently cater to their tastes” ― John Cassidy How Markets How Markets Fail The Logic of Economic Finalist How Markets Fail The Logic of Economic Calamities by John Cassidy Farrar Straus and Giroux Share Twitter Facebook Email A work that probes the complexity of the Great Recession using solid research and precise documentation to reveal Pamięć - brzemię i uwolnienie. Niemcy wobec nazistowskiej przeszłości (1945-2010) not only a gripping human drama but also a tense clash of ideas Winners Prize Winner in General Nonfiction in The Dead Hand The Untold Summary and reviews of How Markets Fail by John In How Markets Fail John Cassidy describes the rising influence of what he calls utopian economics thinking that is blind to how real people act and that denies the many ways an unregulated free market can produce disastrous unintended conseuences He then looks to the leading edge of economic theory including behavioral economics to offer a Fakers, Forgers Phoneys new understanding of the economy one How Markets Fail The Logic of Economic “How Markets Fail is than just an account of the failures of regulators and the self deception of bankers and homebuyers although these are well covered For Mr Cassidy the deeper roots of the crisis lie in the enduring appeal of an idea that society is always best served when individuals are left to pursue their self interest in free markets An ambitious book and one that How Markets Fail Summary and Analysis like Sites like SparkNotes with a How Markets Fail study guide or cliff Hearing the Voice of People with Dementia notes Also includes sites with a short overview synopsis book report or summary of John Cassidy’s How Markets Fail We found Dreams Come to Life (Bendy and the Ink Machine, Book 1) no such entries for this book title Please see the supplementary resources provided below for other helpful content related to this book Short Book Summaries Sites with a short overview synopsis Market Failure Economics Help Definition of Market Failure – This occurs when there is an inefficient allocation of resources in a free marketMarket failure can occur due to a variety of reasons such as monopoly higher prices and less output Doing Without Concepts negative externalities over consumed and costs to third party and public goods usually Radio Free Europe and the Pursuit of Democracy not provided in a free marke Few ideas offer appeal than a model that is simple elegant and wrong John Cassidy uotes Ben Friedman the Professor of Political Economy at Harvard University towards the end of the book How Markets Fail is a book on the history of economic thought with the book divided into three sections Conservative Economics Keynesian and Neo Keynesian Economics which Cassidy calls Reality Based economics and the Financial Crisis Cassidy goes to great lengths to show the disconnect that exists between the complex mathematics used to predict the future of the economies and how the economies and the markets actually operate Using the events leading up to the Great Recession of 2007 08 and the steps that were taken in the aftermath of the financial crisis Cassidy reasons that the assumptions which act as pillars for the laws of Free Market economics don t hold at all times especially But I Survived not at times of crisis and argues for greater regulation and oversight and less dependence on the laissez faire principles of markets being able to correct themselvesThis book took me eighteen months to read and I was able to finish an MBA in that time period Although written for the average person interested in economics Cassidy is A Passion for More no economist himself several complex concepts Hayek s price signaling Negative Externalities Prisoner s dilemma and Rational Irrationality are discussed in the book with a fair amount of depth Without going into the mathematical details of the concepts Cassidy is able to present the big picture view of the ideas and how they manifest in the different schools of thought Cassidy s personal views on fiscal policies and market operations are all too visible in the Kodak and the Lens of Nostalgia narrative and his scathing comments Alan Greenspan and Ben Bernanke are well visible However it would be unfair to say that the views portrayed in the book are one sided as counterpoints are presented uite freuently Cassidy s core argument is just that there is Spojrzenie na sztukę no one answer to how the markets operate and how they Nue need to be monitored there is The Clan (Play to Live no one theory which should say whether everything is okay He advocates a case by case monitoring of financial situations and greater emphasis on financial stabilityHow Markets Fail was an excellent read and is highly recommended to anyone interested in learning about the history of economics and how they fit into the reality of the Great Recession On a personal level this book will always be important for having kindled the love of economics in me

Read & download How Markets Fail The Economics of Rational Irrationality

How Markets Fail The Economics of Rational Irrationality

How markets fail an anatomy of irrationality broch how markets fail an anatomy of irrationality John Cassidy Auteur Des milliers de livres avec la livraison chez vous en jour ou en magasin avec % de rduction How Markets Fail The Logic of Economic In How Markets Fail John Cassidy describes the rising influence of utopian economiesthe thinking that is blind to how real people act and that denies the many ways an unregulated free market can bring on disaster How Markets Fail The Logic of Economic In How Markets Fail John Cassidy describes the rising influence of what he calls utopian economics thinking that is blind to how real people act and that denies the many ways an unregulated free market can produce disastrous unintended conseuences He then looks to the leading edge of economic theory including behavioral economics to offer a new understanding of the economy one PDF How Markets Fail The Logic of Economic He gives us the big picture behind the financial headlines tracing the rise and fall of free market ideology from Adam Smith to Milton Friedman and Alan Greenspan Full of wit sense and above all a deeper understanding How Markets Fail argues for the end of 'utopian' economics and the beginning of a pragmatic reality based way of thinking How Markets Fail The Logic of Economic In How Markets Fail Cassidy describes the influence utopian economics thinking that is blind to how real people act and that denies the ways an unregulated free market can produce disastrous unintended conseuences Oil price spikes CEO greed cycles and boom and bust waves are the inevitable outcome of self serving behavior in a modern market setting Cassidy looks to the leading edge of How Markets Fail The Logic Of Economic In How Markets Fail the Logic of Economic Calamities the author John Cassidy details the growth of the free market ideology This ideology he argues has become an over idealized utopian notion of a self regulating market has been expanded upon over decades to become common rhetoric that influenced policy This driving theory became accepted into global but specifically the American How Markets Fail the Logic of Economic Calamities How Markets Fail Positive Negative Externalities None How Markets Fail The Logic of Economic Poor People's Movements Why They Succeed How They Fail O o so ffl r ra MOVE MENTS m m WHY THEY SUCCEED HOW THEY FAIL H cr AAE VIM AGE FRANCE MB Read Bargaining and Markets Economic Theory Econometrics and Mathematical Economics MB Read The Logic of Knowing Roderick M Chisholm The Journal of Philosophy Vol No Market failure Wikipedia Some markets can fail due to the nature of their exchange Markets may have significant transaction costs agency problems or informational asymmetry Such incomplete markets may result in economic inefficiency but also a possibility of improving efficiency through market legal and regulatory remedies how markets fail an anatomy of irrationality broch how markets fail an anatomy of irrationality John Cassidy Auteur Des milliers de livres avec la livraison chez vous en jour ou en magasin avec % de rduction PDF How Markets Fail The Logic of Economic He gives us the big picture behind the financial headlines tracing the rise and fa What a great read this has been for me Some chapters are interesting than others for me but this book has changed how I view economics and increased my interest in the subject Highly recommended Road-map to the Indians Treasure new understanding of the economy one PDF How Markets Fail The Logic of Economic He gives us the big picture behind the financial headlines tracing the rise and fall of free market ideology from Adam Smith to Milton Friedman and Alan Greenspan Full of wit sense and above all a deeper understanding How Markets Fail argues for the end of 'utopian' economics and the beginning of a pragmatic reality based way of thinking How Markets Fail The Logic of Economic In How Markets Fail Cassidy describes the influence utopian economics thinking that is blind to how real people act and that denies the ways an unregulated free market can produce disastrous unintended conseuences Oil price spikes CEO greed cycles and boom and bust waves are the inevitable outcome of self serving behavior in a modern market setting Cassidy looks to the leading edge of How Markets Fail The Logic Of Economic In How Markets Fail the Logic of Economic Calamities the author John Cassidy details the growth of the free market ideology This ideology he argues has become an over idealized utopian Green dog trumpet and other stories notion of a self regulating market has been expanded upon over decades to become common rhetoric that influenced policy This driving theory became accepted into global but specifically the American How Markets Fail the Logic of Economic Calamities How Markets Fail Positive Negative Externalities None How Markets Fail The Logic of Economic Poor People's Movements Why They Succeed How They Fail O o so ffl r ra MOVE MENTS m m WHY THEY SUCCEED HOW THEY FAIL H cr AAE VIM AGE FRANCE MB Read Bargaining and Markets Economic Theory Econometrics and Mathematical Economics MB Read The Logic of Knowing Roderick M Chisholm The Journal of Philosophy Vol No Market failure Wikipedia Some markets can fail due to the Identity nature of their exchange Markets may have significant transaction costs agency problems or informational asymmetry Such incomplete markets may result in economic inefficiency but also a possibility of improving efficiency through market legal and regulatory remedies how markets fail an anatomy of irrationality broch how markets fail an anatomy of irrationality John Cassidy Auteur Des milliers de livres avec la livraison chez vous en jour ou en magasin avec % de rduction PDF How Markets Fail The Logic of Economic He gives us the big picture behind the financial headlines tracing the rise and fa What a great read this has been for me Some chapters are interesting than others for me but this book has changed how I view economics and increased my interest in the subject Highly recommended

Read Ú PDF, DOC, TXT or eBook Ê John Cassidy

Ll of free market ideology from Adam Smith to Milton Friedman and Alan Greenspan Full of wit sense and above all a deeper understanding How Markets Fail argues for the end of 'utopian' economics and the beginning of a pragmatic reality based way of thinking How Markets Fail The Logic of Economic In How Markets Fail John Cassidy describes the rising influence of what he calls utopian economics thinking that is blind to how real people act and that denies the many ways an unregulated free market can produce disastrous unintended conseuences He then looks to the leading edge of economic theory including behavioral economics to offer a new understanding of the economy one How Markets Fail The Logic of Economic In How Markets Fail John Cassidy describes the rising influence of utopian economiesthe thinking that is blind to how real people act and that denies the many ways an unregulated free market can bring on disaster How Markets Fail The Logic of Economic In How Markets Fail Cassidy describes the influence utopian economics thinking that is blind to how real people act and that denies the ways an unregulated free market can produce disastrous unintended conseuences Oil price spikes CEO greed cycles and boom and bust waves are the inevitable outcome of self serving behavior in a modern market setting Cassidy looks to the leading edge of How Markets Fail the Logic of Economic Calamities How Markets Fail The Logic Of Economic In How Markets Fail the Logic of Economic Calamities the author John Cassidy details the growth of the free market ideology This ideology he argues has become an over idealized utopian notion of a self regulating market has been expanded upon over decades to become common rhetoric that influenced policy This driving theory became accepted into global but specifically the American How Markets Fail Positive Negative Externalities None How Markets Fail The Logic of Economic Poor People's Movements Why They Succeed How They Fail O o so ffl r ra MOVE MENTS m m WHY THEY SUCCEED HOW THEY FAIL H cr AAE VIM AGE FRANCE MB Read Bargaining and Markets Economic Theory Econometrics and Mathematical Economics MB Read The Logic of Knowing Roderick M Chisholm The Journal of Philosophy Vol No Market failure Wikipedia Some markets can fail due to the nature of their exchange Markets may have significant transaction costs agency problems or informational asymmetry Such incomplete markets may result in economic inefficiency but also a possibility of improving efficiency through market legal and regulatory remedies ‎How Markets Fail on Apple Podcasts Matt Chuck and Brian talk with Mike Parkott about his experience in farming in the era of COVID Direct to customer farming large scale agriculture and the financial health of How Markets Fail The Logic of Economic In How Markets Fail John Cassidy describes the rising influence of utopian economies the thinking that is blind to how real people act and that denies the many ways an unregulated free market can bring on disaster Combining on the ground reporting and clear explanations of economic theories Cassidy warns that in today's economic crisis following old orthodoxies isn't just misguided it How Markets Fail John Cass How Markets Fail or what I learned whilst getting my economics degree While billed as an explanatory review of the ongoing economic correction that began when the housing bubble began to seriously leak in 2006 John Cassidy s book can be better understood as a somewhat in depth treatise of economic thought from the late 1700 s to the day Bear Sterns died Cassidy spends much of the book trotting out graduate school level depictions of all the economic biggies from Adam Smith to John Maynard Keynes to Alan Greenspan After the opening sections of the book spent straight forwardly introducing the luminaries there is a long section where the author beats up on the let it be Greenspan To some degree Cassidy rightly takes The Maestro who learned laissez faire economics at the feet of Ayn Rand to task for failing to realize Smith s invisible hand of the market was effectively tied because market correcting mechanisms had become corrupted In particularly the credit rating agencies who would have tempered the excesses in another time were simply selling AAA designations Standard Poor s et al were hardly alone in jumping on the Titanic and it is this herding instinct that has and will continue to create massive bubbles unchecked in poorly regulated markets The book does a good job of name checking far better authors that you should read instead Dan Ariely Nassim Taleb and particularly Kahneman and Tversky Kahneman s latest book Thinking Fast and Slow presents a far authoritative review of this material Cassidy ends the book with the housing crash which crushed Lehman Bear and Merrill largely from research mostly pulled from the Wall Street Journal A number of other books in particular Bethany McLean s All the Devils are Here The Hidden History of the Financial Crisis present a far gripping tale of this same material Cassidy s writing style suggests an academic leaning but he does not drift into excessively arcane language and keeps things relatively clear The text is generally dry and the author doesn t invest it with a lot of emotion save for the sections attacking Greenspan whom he apparently feels betrayed by In short a good journeyman s review of ancient and modern economics but one eclipsed by other authors in this space Dragon Age: Hard in Hightown new understanding of the economy one How Markets Fail The Logic of Economic In How Markets Fail John Cassidy describes the rising influence of utopian economiesthe thinking that is blind to how real people act and that denies the many ways an unregulated free market can bring on disaster How Markets Fail The Logic of Economic In How Markets Fail Cassidy describes the influence utopian economics thinking that is blind to how real people act and that denies the ways an unregulated free market can produce disastrous unintended conseuences Oil price spikes CEO greed cycles and boom and bust waves are the inevitable outcome of self serving behavior in a modern market setting Cassidy looks to the leading edge of How Markets Fail the Logic of Economic Calamities How Markets Fail The Logic Of Economic In How Markets Fail the Logic of Economic Calamities the author John Cassidy details the growth of the free market ideology This ideology he argues has become an over idealized utopian The Isles notion of a self regulating market has been expanded upon over decades to become common rhetoric that influenced policy This driving theory became accepted into global but specifically the American How Markets Fail Positive Negative Externalities None How Markets Fail The Logic of Economic Poor People's Movements Why They Succeed How They Fail O o so ffl r ra MOVE MENTS m m WHY THEY SUCCEED HOW THEY FAIL H cr AAE VIM AGE FRANCE MB Read Bargaining and Markets Economic Theory Econometrics and Mathematical Economics MB Read The Logic of Knowing Roderick M Chisholm The Journal of Philosophy Vol No Market failure Wikipedia Some markets can fail due to the KING nature of their exchange Markets may have significant transaction costs agency problems or informational asymmetry Such incomplete markets may result in economic inefficiency but also a possibility of improving efficiency through market legal and regulatory remedies ‎How Markets Fail on Apple Podcasts Matt Chuck and Brian talk with Mike Parkott about his experience in farming in the era of COVID Direct to customer farming large scale agriculture and the financial health of How Markets Fail The Logic of Economic In How Markets Fail John Cassidy describes the rising influence of utopian economies the thinking that is blind to how real people act and that denies the many ways an unregulated free market can bring on disaster Combining on the ground reporting and clear explanations of economic theories Cassidy warns that in today's economic crisis following old orthodoxies isn't just misguided it How Markets Fail John Cass How Markets Fail or what I learned whilst getting my economics degree While billed as an explanatory review of the ongoing economic correction that began when the housing bubble began to seriously leak in 2006 John Cassidy s book can be better understood as a somewhat in depth treatise of economic thought from the late 1700 s to the day Bear Sterns died Cassidy spends much of the book trotting out graduate school level depictions of all the economic biggies from Adam Smith to John Maynard Keynes to Alan Greenspan After the opening sections of the book spent straight forwardly introducing the luminaries there is a long section where the author beats up on the let it be Greenspan To some degree Cassidy rightly takes The Maestro who learned laissez faire economics at the feet of Ayn Rand to task for failing to realize Smith s invisible hand of the market was effectively tied because market correcting mechanisms had become corrupted In particularly the credit rating agencies who would have tempered the excesses in another time were simply selling AAA designations Standard Poor s et al were hardly alone in jumping on the Titanic and it is this herding instinct that has and will continue to create massive bubbles unchecked in poorly regulated markets The book does a good job of Ty jesteś moje imię name checking far better authors that you should read instead Dan Ariely Nassim Taleb and particularly Kahneman and Tversky Kahneman s latest book Thinking Fast and Slow presents a far authoritative review of this material Cassidy ends the book with the housing crash which crushed Lehman Bear and Merrill largely from research mostly pulled from the Wall Street Journal A The Many Lives of Fitzwilliam Darcy number of other books in particular Bethany McLean s All the Devils are Here The Hidden History of the Financial Crisis present a far gripping tale of this same material Cassidy s writing style suggests an academic leaning but he does Complete Amber Sourcebook not drift into excessively arcane language and keeps things relatively clear The text is generally dry and the author doesn t invest it with a lot of emotion save for the sections attacking Greenspan whom he apparently feels betrayed by In short a good journeyman s review of ancient and modern economics but one eclipsed by other authors in this space