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FREEDOM FROM THE MARKET

AMERICA’S FIGHT TO LIBERATE ITSELF FROM THE GRIP OF THE INVISIBLE HAND

For readers inclined toward democratic socialism, this is a valuable source of support.

An economic manifesto on behalf of the 99% poorly served by the present economy.

As economist and journalist Konczal rightly notes, the idea, courtesy of Milton Friedman, that financial markets are self-regulating and that business should take care of business has meant undue hardship for most consumers. Countered by a movement of people, especially younger ones, who are “hungry to reclaim a world outside the market,” the Friedman-esque mantra is increasingly giving way to a different view: Government is understood not to be a bystander in the economy but instead the provider of key services that are now seen as profit centers, including health insurance and education. Market dependency contributes to unfreedom while placing limits and regulations on capitalism enhances freedom. It’s a thoughtful rebuke to “glib libertarian fantasies,” though of course libertarians will decry Konczal’s prescriptions as socialistic. Early on, the author urges that private enterprises be removed from the health care market, whose resources are captured and kept out of the reach of those who most need health care. Conversely, as he observes, under the present economic regime, the “public” has been removed from public utilities, public lands, and public enterprises in favor of an ever smaller elite. This scenario flies in the face of a history that has included such transformative moments as the passage of the Homestead Act, which transferred 10% of public lands to smallholder ownership, and the social insurance program that provided pensions to Civil War veterans and, by 1910, “delivered benefits to more than 25 percent of all American men over sixty-five, accounting for a quarter of the federal government’s expenditures.” Demands for economic reform have been manifested in such things as the eight-hour workday, proving that regulatory limits can work and offering hope for those “people fighting to take back their lives from the market.”

For readers inclined toward democratic socialism, this is a valuable source of support.

Pub Date: Jan. 12, 2021

ISBN: 978-1-62097-537-4

Page Count: 256

Publisher: The New Press

Review Posted Online: Sept. 28, 2020

Kirkus Reviews Issue: Oct. 15, 2020

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WHEN BREATH BECOMES AIR

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...

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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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THINKING, FAST AND SLOW

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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