Anyone who wonders why government officials still take the Laffer curve seriously need go no further than this lucid book.
New York Times editorial page writer Appelbaum recounts the hijacking of economic and public policy by right-wing adherents of the unfettered market.
The hour of which the author writes is going on five decades now. The influence of economists on government has grown exponentially since the Nixon administration, with economists convincing the president to scrap the military draft and the judiciary to shelve antitrust cases, their numbers in the federal employ tripling from the 1950s to the 1970s. Economists have taken larger roles in formulating every aspect of public policy—and, in time, leaving their disciplinary bounds to issue pronouncements on matters societal and moral. Economists tend to be conservative, and truly conservative economists would in time, for example, come to blame inflation for the decline of the Protestant work ethic and a rise in corruption, fraud, and “a generalized erosion in public and private manners.” At the same time, government was generally taking Milton Friedman’s laissez-faire, free-market approach to problems rather than the Keynesian quantitative easement of old. As Appelbaum notes, one reason China has been successful compared to the austerity economies of the West is that Keynes has not been forgotten there. Writing in accessible language of thorny fiscal matters, the author ventures into oddly fascinating corners of recent economic history. For instance, a modern trope holds that actor Jayne Mansfield’s beheading in an automobile accident prompted changes in truck design (yet mass shootings have produced no comparable gun control legislation), but that turns out to be wrong: The actuarial minds of the late Nixon era put the value of a human (American, anyway) life at $200,000, did the math, and concluded that the proposed addition of safety bars “would need to save four times as many lives to justify the cost.” The larger point is that the government’s blind trust in the market is now the status quo, and “reliance on the market grants priority to people who have money.”
Anyone who wonders why government officials still take the Laffer curve seriously need go no further than this lucid book.Pub Date: Sept. 3, 2019
ISBN: 978-0-316-51232-9
Page Count: 448
Publisher: Little, Brown
Review Posted Online: June 29, 2019
Kirkus Reviews Issue: July 15, 2019
The author's youthfulness helps to assure the inevitable comparison with the Anne Frank diary although over and above the...
Elie Wiesel spent his early years in a small Transylvanian town as one of four children.
He was the only one of the family to survive what Francois Maurois, in his introduction, calls the "human holocaust" of the persecution of the Jews, which began with the restrictions, the singularization of the yellow star, the enclosure within the ghetto, and went on to the mass deportations to the ovens of Auschwitz and Buchenwald. There are unforgettable and horrifying scenes here in this spare and sombre memoir of this experience of the hanging of a child, of his first farewell with his father who leaves him an inheritance of a knife and a spoon, and of his last goodbye at Buchenwald his father's corpse is already cold let alone the long months of survival under unconscionable conditions.
Pub Date: Jan. 16, 2006
ISBN: 0374500010
Page Count: 120
Publisher: Hill & Wang
Review Posted Online: Oct. 7, 2011
Kirkus Reviews Issue: Jan. 15, 2006
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...
A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.
Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.Pub Date: Jan. 19, 2016
ISBN: 978-0-8129-8840-6
Page Count: 248
Publisher: Random House
Review Posted Online: Sept. 29, 2015
Kirkus Reviews Issue: Oct. 15, 2015
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