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False Economy: A Surprising Economic History of the World #2020

False Economy: A Surprising Economic History of the World By Alan Beattie False Economy A Surprising Economic History of the World Why do oil and diamonds lead to economic disaster often than boom Why doesn t Africa grow cocaine Why might believing in God be good for your balance sheet Using the stories of economic triumph and di
  • Title: False Economy: A Surprising Economic History of the World
  • Author: Alan Beattie
  • ISBN: 9781594488665
  • Page: 390
  • Format: Hardcover
  • False Economy: A Surprising Economic History of the World By Alan Beattie Why do oil and diamonds lead to economic disaster often than boom Why doesn t Africa grow cocaine Why might believing in God be good for your balance sheet Using the stories of economic triumph and disaster, this title explains how some countries went wrong while others went right.
    False Economy: A Surprising Economic History of the World By Alan Beattie
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      Published :2020-01-17T19:07:56+00:00

    About "Alan Beattie"

    1. Alan Beattie

      Alan Beattie is the World Trade Editor of the Financial Times, leading the paper s coverage of trade policy and economic globalisation.Previous positions with the paper include economics leader writer, commenting on a wide variety of international and domestic economic issues in the editorial column, and two years in Washington DC as chief US economics correspondent, covering the US economy, the Federal Reserve and international economics and development, including the International Monetary Fund and World Bank.Alan Beattie Joined the Financial Times in 1998 after working as an economist at the Bank of England.He holds a Master s degree in Economics from Cambridge and a BA from Oxford in Modern History EOCD Forum 2007

    960 Comments

    1. Not knowing anything about the book or author besides that I saw it on a friend s shelf and it looked interesting, I spent the first 50 pages or so trying to figure out what Beattie s agenda was his arguments were so bland and middle of the road that he was difficult to get a bead on Then some hints started to drop he compliments the IMF he criticizes protectionism he defends oil companies and later the WTO So it actually becomes embarrassingly obvious that he s one of these soft spoken moderate [...]


    2. LOVED IT To explain what I mean, let me tell you a story about a year ago, I e mailed the librarians at the Goizueta business school the librarians who have given about eight presentations on conducting business research that I have sat in on, willingly and unwillingly, of which I have only utilized two an exposure to use ratio surpassed only by my cumulative lifetime watching of cooking shows and asked them to recommend a book about business history.Business history Yes, I am secretly fascinate [...]


    3. Very detailed, really goes in depth into the history and minutiae, but is also fairly dry.The author presents nine well, ten different comparative scenarios to show how different facets of the economy or ecology and climate, sociology, history, or culture can lead to very different outcomes the economics of Argentina versus the United States, the cocaine trade logistics of South America versus Africa, the economic drivers of Christendom versus Islam, and the one part where I laughed out loud why [...]


    4. The book takes a road less travelled in economic theory Rather than accepting as it has been the trend that destiny, geography, history,etc determine the wealth of nations, the author explores the idea that it is actually human agency through policies, governments and individuals that ultimately has the last word in regards to the wealth of a community In that sense, the book advocates for policies rather than the acceptance of fate The author, an economist, seems very impressed, for example, wi [...]


    5. Beattie has written a formidable book about the intersection of policies politics and economy trade I love this book because unlike most business books, it has than just one good idea or revelation Just the first two chapters alone are worth every dollar of the purchase price his historical comparison of Argentina with the US and subsequent divergent economic success, and his description on Washington vs ancient Rome have huge relevance today For example, the city of Berlin Germany s capital is [...]


    6. An enjoyable, thoughtful collection of essays Certainly not a systematic theory or prescriptive beyond the basics, but a nice treatment of some fundamental principles of economic development I enjoyed the opening chapter comparing the trajectories of Argentina and the US and the brief history of the textile trade in Britain, particularly the extraordinary measures taken by the British wool industry in the face of imported Indian calico I was surprised and somewhat disappointed at the lack of con [...]


    7. The author claims that the book is not a whimsical set of disconnected stories but rather an explanation of how human beings have shaped their own destiny However, sometimes the thread is lost While Beattie is a very good writer, the book begins to lose momentum towards the end.



    8. An introduction into the study of the intersection between history and economics How rationality of human beings become very much affected by the path dependence nature of society Historical context matters very much in evaluating the rationale for different choices made by governments Not taking these nuances into account when evaluating the present choices of a county would be oversight on the critic s part.



    9. Alan Beattie s theory is that countries historically choose different paths for development and the choices they make matter for a long time into the future Further, it is not easy to change path once a country has progressed far enough on it He starts with the book with a hypothetical comparison between Argentina and USA Both were large countries based on European immigration and their economies started basically at par But the policy choices they made resulted in the United States becoming the [...]


    10. I m not an economist, and so I was grateful to Mr Beattie for his clear, jargon free explanation of a number of aspects of global, country level, and even city level economic successes and failures What surprised me a bit was the lack of an over arching theory But that s, in part, because Mr Beattie believes that history, local conditions, and most importantly human choices are what determine the rise and fall of cities and states, not iron laws of economic necessity The rule of law, a steady, c [...]


    11. This book is frustrating It was infuriating enough that I stopped reading it over a year ago This is something that I rarely do It bothered me that I did not finish it, so I returned to it The book is incredibly un even The Author is a reporter on trade, and the chapters that fit into his expertise are fascinating The rise of containerization, and its effects, is a well told story, but it is done especially well here The general history of trade aspects of the book were superb When Beattie ventu [...]


    12. I m generally wary of pop books, except with things that are utterly beyond me at any other level This, written by an FT staffer, certainly falls into that category The difficulty with such books is really that certain people read Guns Germs and Steel, and feel the need to proselytize its general themes uncritically False Economy could certainly be abused in that way, but it would be a shame, because the book has quite a bit of important content, presented in a friendly way In some passages Beat [...]


    13. The book tries to explain several interesting conundrums the Nile river valley is one of the most fertile places on earth, and yet, Egypt has to import half of its wheat West Africa has the perfect geological and climatic conditions to produce cocaine for Europe, yet it s made in Columbia before being sent to Europe via Africa Argentina and USA were equally rich and had the same opportunities during the 1900s, but one became a world power while the other plunged into bankruptcy Botswana and Sier [...]


    14. Just started reading this book and am quite enjoying it so far, not at all dry Interesting comparison of USA to Argentina, making an argument with a bit of tongue in cheek that Argentina today resembles what the USA might have looked like if the South had won the Civil War Argentina stayed agrarian based with manufacturing only as an adjunct supporting agriculture Also countries that entered the Depression as creditor nations, like USA and France, remained democratic, whereas debtor nations like [...]


    15. Interesting book but not very deep He praises FDR but implies that communism is bad OK, so where is the line between gov t intervention good, in his opinion and communism bad, in his opinion He does not even attempt to answer this obvious question.He spends time explaining that India and China failed to make the early leap to capitalism as was accomplished in Western Europe not because they did not have Christianity while Europe did, but because India developed a caste system and China a bureauc [...]


    16. This book has a lot of interesting stuff in it Such as, why can diamonds be bad for your national economy Whether religious countries are or less affluent than agnostic ones Why Africa doesn t grow cocaine He has really interesting sentences, like, It was because the Reformation only half succeeded in Europe and North America that it inadvertently led to a pluralistic society Or, It has often been in the interests of those running a state to limit economic growth in order to diminish threats t [...]


    17. Alan Beattie s False Economy is an imformative and intersting book on the economic history of the world, especially from the perspective of a British author who is currently the World Trade Editor for the Financial Times I started reading this book a couple of weeks ago, at about he same time that I was completing my read of The Ascent of Money A Financial History of the World, by Nial Ferguson, who is also British by birth and by education, but who is now a History Professor at Harvard Universi [...]


    18. Various economic questions why did the US do better than Argentina, why didn t Washington DC get the vote, Themes are there are important decisions that can be done wrong, but they are fore ordained Authoritarian governments are religious, not the other way around Standardization of containers revolutionized shipping, and was driven by the military Natural resources are a bad economic basis because they don t generate enough employment and drain resources from parts of the economy that could the [...]


    19. In its entirety, this book is a surprising history of world economy through an entirely new perspective The writer busts a few shocking myths about what makes a country Rich or Poor one of the best, was about how natural resources can ruin a country The book is clearly divided into chapters dealing with different drivers of world economy, and with it,his own detailed case study The chapters usually begin with catchy questions, like Why doesn t Africa grow Cocaine Overall the book does a fine job [...]


    20. This is an excellent, and different, view on how the world of economics is put together It is one of those you can view chapter by chapter, put it down when something else takes priority and easily pick up again The message passed on by Beattie, you can fix it, basically, may be true but difficult to do, is so true There is a lot of countries out there with a need to change tack Read in conjunction with history of economics, books on failing states and economies, it just comes home to you I will [...]


    21. False Economy author Alan Beattie, chief editor of The Financial Times provides an informative, detailed and often witty view of the various quirky economic, social and political views taken by countries that have shaped their own economies and have altered world economies throughout history.Why Africa does not grow Coccain or Why American Asparagas is imported from Peru or the Story of the World Virtual Water Trade ae just a few of the topics he so finely discusses that helps us revaluate the e [...]


    22. A good read overall Due to working hours it took me over a month to finish The book bases itself on histories of nations and how these countries end up to where they are not by accident but rather by a series of choice or policies taken up by their so called leader.It has strengthened my belief that it is not the religion itself that curses the country into an undeveloped state but rather the manipulation of those that have vested interest in keeping the status quo Thus in a way it solidifies my [...]


    23. I read this in two parts, before and after I studied an economics course, but you don t need an economics background to understand what Beattie is writing about here Although I did feel a little frisson of excitement when I recognised jargon and understood the concepts.A very interesting read, especially in respect of the international trade in invisible water and his ideas about food security And also completely worth reading for the comparison between the relative usefulness or adaptability of [...]


    24. A fun and easy read with a powerful and subtle message Beattie explores several tangents of world economic history to show how traditional economic arguments fail to capture decisive, if hard to measure, aspects of reality A country is so much than its GDP, its style of government or its level of education The sum of a people s traditions and beliefs and history manifest themselves in unexpected economic consequences Beattie s greatest accomplishment is to show the need for modesty and adaptat [...]


    25. Using a subject dear to me, history, Mr Beattie was able to make quite an in depth introduction to the till now foreign world of economincs By using the past to illustrate the present and give us an insight into the future, Beattie gives a novice such as myself an incredible look at present economic realities and how they came to be Even though this book opened up a complete new and not always optimistic subject to me, it still leaves you with a sense of hope for the future and not a sense of de [...]


    26. Really great for people that like economics and have wondered how countries and cultures developed the way they have Author has an irreverent style that is humorous, such as when he compares the success of the housecat to that of the Panda in the beginning of a chapter at the end which is great If you ever wondered why some country are messed up and how others seem to have got it right, or just why other odd things are the way they are regarding geopolitics, this is a good book.


    27. Why did the jihadists attack the U.S on 9 11 instead of Argentina A hundred years ago the two countries were roughly equal in wealth British journalist Beattie tackles the idea of historical inevitability, showing that there is no determinism in economic history what counts are the right policies, good leadership, learning from mistakes A refreshing view, and an antidote to dogmatism of various stripes


    28. Dense, and the author s penchant for run on sentences will force you to read things over and over But a good and insightful read nontheless I keep going back to it again and again for reference and rereads As the title implies, it is a historical analysis of ten or so broad topics in economics such as, corruption, religion in economics, cities, mineral resources, etc and how they relate to our current situation.


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