An uneven economics treatise that gets off to a rocky start but ends with some thought-provoking ideas about the...
An exploration of the post-2008 global economic crisis that’s not for the fainthearted.
Fonluce’s debut offers a fresh perspective on an economy that has shed millions of workers in recent years. He relies on lightly edited government fact sheets and textbook prose to summarize and explain the devastating effects that the Great Recession and the expansion of digital technologies and robotics have had on the economy. Among its many lingering aspects, the author writes, is the fact that banking institutions now choose to invest in speculative financial instruments instead of lending to businesses and customers at reasonable interest rates. Fonluce finds his voice when he speculates about a future economic model in which the real value of a new business venture might be judged in terms of how many opportunities for employment, investment, research and quality-of-life benefits it provides. He asks readers to imagine an economic model in which traditional notions of “cost” wouldn’t forestall investment in modernizing the U.S. electrical grid or replacing aging city and county water pipes. The author is at his best when he writes that traditional notions associated with market capitalism could change to reflect new notions of economic value. But it isn’t until the book’s final third that he shares his insights into how market-based economies might evolve into new forms that can sustain economic development and long-term prosperity for all. His humane, forward-looking perspectives are often undercut by awkward prose (“The paradigm shift of the proposed solution might be potentially equivalent to that faced by humanity”), and overall, the book reads like a series of blog posts instead of carefully crafted chapters. The author aims to give general readers “a different perspective” on the economy; however, general readers may prefer economist Paul Krugman’s similar exploration, End This Depression Now! (2013), which has 200 fewer pages. For the most part, this book is simply too technical for general readers and too general for technical readers.
An uneven economics treatise that gets off to a rocky start but ends with some thought-provoking ideas about the 21st-century global economy.Pub Date: Sept. 17, 2013
ISBN: N/A
Page Count: -
Publisher: Trafford
Review Posted Online: March 3, 2014
Review Program: Kirkus Indie
Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.
Greed, depravity, and serial murder in 1920s Oklahoma.
During that time, enrolled members of the Osage Indian nation were among the wealthiest people per capita in the world. The rich oil fields beneath their reservation brought millions of dollars into the tribe annually, distributed to tribal members holding "headrights" that could not be bought or sold but only inherited. This vast wealth attracted the attention of unscrupulous whites who found ways to divert it to themselves by marrying Osage women or by having Osage declared legally incompetent so the whites could fleece them through the administration of their estates. For some, however, these deceptive tactics were not enough, and a plague of violent death—by shooting, poison, orchestrated automobile accident, and bombing—began to decimate the Osage in what they came to call the "Reign of Terror." Corrupt and incompetent law enforcement and judicial systems ensured that the perpetrators were never found or punished until the young J. Edgar Hoover saw cracking these cases as a means of burnishing the reputation of the newly professionalized FBI. Bestselling New Yorker staff writer Grann (The Devil and Sherlock Holmes: Tales of Murder, Madness, and Obsession, 2010, etc.) follows Special Agent Tom White and his assistants as they track the killers of one extended Osage family through a closed local culture of greed, bigotry, and lies in pursuit of protection for the survivors and justice for the dead. But he doesn't stop there; relying almost entirely on primary and unpublished sources, the author goes on to expose a web of conspiracy and corruption that extended far wider than even the FBI ever suspected. This page-turner surges forward with the pacing of a true-crime thriller, elevated by Grann's crisp and evocative prose and enhanced by dozens of period photographs.
Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.Pub Date: April 18, 2017
ISBN: 978-0-385-53424-6
Page Count: 352
Publisher: Doubleday
Review Posted Online: Feb. 1, 2017
Kirkus Reviews Issue: Feb. 15, 2017
BOOK TO SCREEN
BOOK TO SCREEN
BOOK TO SCREEN
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...
A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.
The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.Pub Date: Nov. 1, 2011
ISBN: 978-0-374-27563-1
Page Count: 512
Publisher: Farrar, Straus and Giroux
Review Posted Online: Sept. 3, 2011
Kirkus Reviews Issue: Sept. 15, 2011
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