Attention Economy


Tuesday, December 31, 2013

Politics, Economics and History – Interesting Readings

WRONG: Nine Economic Policy Disasters and What We Can Learn from Them by Richard S. Grossman (an easy to read book that offers important lessons through the prism of economic history)
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Lawrence in Arabia: War, Deceit, Imperial Folly and the Making of the Modern Middle East by Scott Anderson (a worthwhile read for history buffs)
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 Kludgeocracy in America by STEVEN M. TELES (an article in the National Affairs)
According to Steven Teles,
With that complexity has also come incoherence. Conservatives over the last few years have increasingly worried that America is, in Friedrich Hayek's ominous terms, on the road to serfdom. But this concern ascribes vastly greater purpose and design to our approach to public policy than is truly warranted. If anything, we have arrived at a form of government with no ideological justification whatsoever.
The complexity and incoherence of our government often make it difficult for us to understand just what that government is doing, and among the practices it most frequently hides from view is the growing tendency of public policy to redistribute resources upward to the wealthy and the organized at the expense of the poorer and less organized. As we increasingly notice the consequences of that regressive redistribution, we will inevitably also come to pay greater attention to the daunting and self-defeating complexity of public policy across multiple, seemingly unrelated areas of American life, and so will need to start thinking differently about government.”
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The Entrepreneurial State: Debunking Public vs. Private Sector Myths by Mariana Mazzucato (a thought-provoking book)
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The Dictator's Handbook: Why Bad Behavior is Almost Always Good Politics by Bruce Bueno de Mesquita and Alastair Smith (a controversial book on political theory)