curiousThe Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics, by Eric Beinhocker
I loved this book. It has a good, understandable explanation of the modern understanding of evolution. It makes an excellent case that this new theory of economics is, at the very least, far more realistic and scientific than classical economics; exploding (in my mind) ideas/myths of "perfect information", "perfect rationality", "perfect competition" and so on. I also found really interesting what he had to say about the profound influence culture may have on economies.
currently reading: The Shock Doctrine: The Rise of Disaster Capitalism, by Naomi Klein
At present, I am maybe 1/3 of the way through the book. I am engaged, but also a tad skeptical about its thesis. What I am appreciating very is the basic over-arching history it's giving me of the neo-liberal (recently renamed: "neo-conservative"?) 20th century economics movement of Milton Friedman and the Chicago School of Economics... and some of the unfortunate side effects. This book, you might say, is quite political... or at least can easily be framed that way. I think the basic purpose of the book, the intent of the author (so far, in my mind), is to "re-associate" the ideology of the "Chicago Boys" with the terrible brutality, the terrorism, of the South American dictatorships that came to power, with US support, in the 60's through the 80's. Pinochet in Chile is an example. These regimes came to power with a laissez-faire economics play book in their back pockets. Free trade isn't something we tend to associate with anti-democratic power. Yes? Naomi Klein makes a very good case that in a great many instances, since the early 60's, unfettered capitalism has been instituted, literally, by force. ...that this pure laissez-faire model was, in some cases, not only undemocratically enforced but the primary motivation for military coups.
In my understanding (from other sources) Pinochet, et al, were supported by the CIA in order to fight the cold war... so it makes sense that free-market ideology would follow. (thinking about it, that we support(ed) brutal dictators, always makes me sick.) This book theorizes, with terrific help from direct quotes by Milton Friedman himself, that the policies recommended by this economic model are usually so terribly unpopular, that they cannot be instituted without at least a suspension of democracy. I think that is probably true in many or most possible locales. In the US, on the other hand, I'm not so sure.
Here's a thoughtful review: Shocked, awed and uncertain, which I find myself agreeing with. Here's a stupid review: Bleakonomics, which provides an excellent of example of how one might read between the lines and miss the actual message. (of course, maybe I'm just reading something else between the lines. really though... I think this guy didn't understand the book.)
anyway, economics... yeah. very, very interesting stuff. hehe.
I'm also fascinated that... I've heard anyway... that Marxist thought may be one of the most influential in the coming century. (Marxism, btw, is not Communism. I thought I'd say that in case ... uhm, you happen to "hate Marxism". I am not a Communist or a Marxist, or a Capitalist... but whatever, please keep your hate to yourself.)
"My brain exploded with the implications and the beauty of the thing," he tells New Scientist. "I thought: 'Holy crap, that's it!'"
So far, all the interactions predicted by the complex geometrical relationships inside E8 match with observations in the real world. "How cool is that?" he says.