by Martin Mazorra ‧ RELEASE DATE: Feb. 7, 2013
Short, sometimes acerbic commentaries on the virtues of markets and the sins of overweening government.
Metastasizing financial and business regulation threatens economic freedom—including the all-important freedom to go broke—according to this collection of pithy libertarian essays.
Mazorra, an investment consultant, author (Make Lemonade: A Bright View on Investing, on Financial Markets and on the Economy, 2007) and blogger styles these 31 essays, each a few pages long, as a “daily devotional” for those whose faith in the free market needs bolstering in a time of massive government intervention. With brevity in mind, he distills his ideas into vivid impressions and punchy parables: He likens the Obama Administration’s economic stimulus programs to a doctor who gives a bleeding patient one blood transfusion after another but never stitches up the wound; meanwhile, political leaders who vow to cut deficits over the coming decades “sound like the proverbial gambler begging the mob, on behalf of his kneecaps, for just a little more time.” Mazorra backs up his colorful imagery with incisive, accessible analyses of economic principles. The bankruptcies averted by the auto industry bailout, he argues, would not have been a catastrophe for the American economy since much of the business lost in the shuttering of Chrysler or GM would have been picked up by Japanese car companies’ factories and dealerships in the United States. Similarly, he contends, unemployment caused by disruptive technologies or free trade is more than compensated by lower prices to consumers and new jobs in growing industries and export companies. Throughout, he emphasizes that “pain is essential.” By forcing companies and individuals to bear the consequences of their bad choices, the free market disciplines them far more effectively than the effects of government regulation and bailouts can. Mazorra’s doctrines definitely tilt right, but he’s evenhanded in his criticisms of Democrats and Republicans in their common subservience to special interests and preference for expedient politics over sound policy. Although his arguments can seem simplistic at times, he offers common sense and meticulous reasoning wrapped in lucid, down-to-earth prose that illuminates economic conundrums.
Short, sometimes acerbic commentaries on the virtues of markets and the sins of overweening government.Pub Date: Feb. 7, 2013
ISBN: 978-1475970449
Page Count: 98
Publisher: iUniverse
Review Posted Online: May 22, 2013
Review Program: Kirkus Indie
Share your opinion of this book
by Paul Kalanithi ‧ RELEASE DATE: Jan. 19, 2016
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...
Awards & Accolades
Likes
18
Our Verdict
GET IT
Google Rating
Kirkus Reviews'
Best Books Of 2016
New York Times Bestseller
Pulitzer Prize Finalist
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
Share your opinion of this book
by Abhijit V. Banerjee & Esther Duflo ‧ RELEASE DATE: Nov. 12, 2019
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
Share your opinion of this book
More About This Book
SEEN & HEARD
© Copyright 2024 Kirkus Media LLC. All Rights Reserved.
Hey there, book lover.
We’re glad you found a book that interests you!
We can’t wait for you to join Kirkus!
It’s free and takes less than 10 seconds!
Already have an account? Log in.
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
Welcome Back!
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
Don’t fret. We’ll find you.