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The Economist Presents: Economics: Making Sense of the Modern Economy by Simon Cox

Economics: Making Sense of the Modern EconomyEconomics: Making Sense of the Modern Economy by Simon Cox

My Rating: 2 of 5 stars

It is easy to be stunned by the manifest foresight that a book like this can showcase. But the reader has to remember that in a magazine like The Economist, a number of contrasting ideas about the current world economy would always be sloshing around. To later make a selective compilation of those articles that proved to be ‘prophetic’ is an exercise in exclusion that is designed to present a false sense of confidence or analytical foresight. Just because a collection of articles from a magazine turned out to be quite close to the mark, there is no reason to believe that any random article you might pick up from this week’s Economist will be of equal predictive value.

I have nothing against the magazine or the book. I greatly enjoy the magazine and to a more moderate extent liked the book as well. But the blatantly triumphant endnotes trumpeting the date of each article and a further note on how the world actually played out was grating to say the least.

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Posted by on July 15, 2013 in Books

 

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