Friday, October 24, 2008

I decided the time I have been taking to study was not worth the gains in class. It takes twice the studying time to ensure the grades to keep the 4.0. So, I haven't been studying as necessary for near perfect grades on tests, but instead I've subsidized reading the news with listening to books.

I started listening to one book in the car, On The Wealth of Nations: Books That Changed the World by P. J. O'Rourke. In the house, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism by Ha-Joon Chang. Not sure why I decided on economic books, they just both looked interesting.

It is interesting that, just as I started reading these books, I found in the news a story about Alan Greenspan admitting his misunderstanding of some economic theories he thought he understood. There is an article here about it.

O'Rourke is a political satirist, has written several books with a humorous twist, and this one is no different. I've tried reading Smith's original work Wealth of Nations, but it is difficult to read. This book makes it interesting. Ha-Joon is a South Korean that uses his experiences growing up along with his education to attempt an explanation of global markets, alternative views of economics and foreign policies that have shaped the world, and how things should be handled in the future based on historical perspectives. The two are surprisingly complimentary.

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