
Economics Rules
The Rights and Wrongs of the Dismal Science
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Narrated by:
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James Conlan
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By:
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Dani Rodrik
About this listen
Rethinking economics, from the inside out. In the wake of the financial crisis and the Great Recession, economics seems anything but a science. In this sharp, masterfully argued book, Dani Rodrik, a leading critic from within, takes a close look at economics to examine when it falls short and when it works, to give a surprisingly upbeat account of the discipline. Drawing on the history of the field and his deep experience as a practitioner, Rodrik argues that economics can be a powerful tool that improves the world - but only when economists abandon universal theories and focus on getting the context right.
Economics Rules argues that the discipline's much-derided mathematical models are its true strength. Models are the tools that make economics a science. Too often, however, economists mistake a model for the model that applies everywhere and at all times. In six chapters that trace his discipline from Adam Smith to present-day work on globalization, Rodrik shows how diverse situations call for different models. Each model tells a partial story about how the world works. These stories offer wide-ranging, and sometimes contradictory, lessons - just as children's fables offer diverse morals.
Whether the question concerns the rise of global inequality, the consequences of free trade, or the value of deficit spending, Rodrik explains how using the right models can deliver valuable new insights about social reality and public policy. Beyond the science, economics requires the craft to apply suitable models to the context. The 2008 collapse of Lehman Brothers challenged many economists' deepest assumptions about free markets. Rodrik reveals that economists' model toolkit is much richer than these free-market models. With pragmatic model selection, economists can develop successful antipoverty programs in Mexico, growth strategies in Africa, and intelligent remedies for domestic inequality. At once a forceful critique and defense of the discipline, Economics Rules charts a path toward a more humble but more effective science.
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- Length: 14 hrs and 45 mins
- Unabridged
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In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.
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audio is not The best format for a book like this
- By CB on 12-08-19
By: Abhijit V. Banerjee, and others
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Streets of Gold
- America's Untold Story of Immigrant Success
- By: Ran Abramitzky, Leah Boustan
- Narrated by: Rachel Botchan
- Length: 6 hrs and 34 mins
- Unabridged
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Immigration is a fraught and misunderstood topic in America’s social discourse, with much of what we believe based largely on myth. Ran Abramitzky and Leah Boustan have spent the last decade searching for the facts. Their pioneering research digs deep into the data on immigration, linking the experiences of immigrants from the nineteenth and early twentieth centuries to those of immigrants today. Using powerful storytelling alongside big data, they provide new evidence about the past and present of the American Dream that will change our thinking and policies.
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Brilliant analysis
- By Jack Ruskin on 02-20-25
By: Ran Abramitzky, and others
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How Asia Works
- Success and Failure in the World's Most Dynamic Region
- By: Joe Studwell
- Narrated by: Nigel Patterson
- Length: 11 hrs and 46 mins
- Unabridged
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In How Asia Works, Joe Studwell distills extensive research into the economics of nine countries - Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China - into an accessible narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished.
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The best economic development book I’ve ever seen
- By Jay on 02-17-20
By: Joe Studwell
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Average is Over
- Powering America Beyond the Age of the Great Stagnation
- By: Tyler Cowen
- Narrated by: Andrew Garman
- Length: 8 hrs and 42 mins
- Unabridged
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The widening gap between rich and poor means dealing with one big, uncomfortable truth: If you're not at the top, you're at the bottom. The global labor market is changing radically thanks to growth at the high end and the low. About three quarters of the jobs created in the United States since the great recession pay only a bit more than minimum wage. Still, the United States has more millionaires and billionaires than any country ever, and we continue to mint them.
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Disappointing analysis of future
- By JKBart on 12-10-13
By: Tyler Cowen
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When Genius Failed
- The Rise and Fall of Long-Term Capital Management
- By: Roger Lowenstein
- Narrated by: Roger Lowenstein
- Length: 9 hrs and 12 mins
- Abridged
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Roger Lowenstein, the bestselling author of Buffett, captures Long-Term's roller-coaster ride in gripping detail. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein crafts a story that reads like a first-rate thriller from beginning to end. He explains not just how the fund made and lost its money, but what it was about the personalities of Long-Term's partners, the arrogance of their mathematical certainties, and the late-nineties culture of Wall Street that made it all possible.
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When Genius Failed
- By Sean on 12-17-08
By: Roger Lowenstein
What listeners say about Economics Rules
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- bobbyg603
- 08-28-17
Enlightening but Dry
Very informative for the non economist however don't listen to this while tired unless your goal is to be put to sleep.
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- Georg Münstermann
- 11-27-22
Short and Good
Much needed read for Economists who get caught up in using certain models for most situations.
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- Josh Armstrong
- 04-26-16
awesome book
The whole book was really interesting, but it was the last chapter on economic models and their uses that made this book great.
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2 people found this helpful
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- Mr. S. D. Halliday
- 01-20-16
Excellent Book read mediocrely
Where does Economics Rules rank among all the audiobooks you’ve listened to so far?
This is an excellent, short listen if you enjoy thinking about the good things that economics does as well as economics' various shortcomings. I plan to use the book in my classes (I teach economics), in particular to teach the students about the importance of modeling and why having a model that is appropriate to a given situation is so important in economics.
Who was your favorite character and why?
Not applicable.
Who would you have cast as narrator instead of James Conlan?
Someone who could read economics jokes as they're intended.
What’s the most interesting tidbit you’ve picked up from this book?
I can't think of anything specific. Mostly the book took ideas that I'm familiar with and put them in a well written, condense and well thought structure. It helped me improve my thinking rather than giving me one particular item that I want to tell everyone about.
Any additional comments?
Someone really should have given the reader some coaching on economics. I had to go back several times to listen to a few passages to realize that they were in fact jokes or written comically, but this didn't come across at all with the way it was read. In many contexts Rodrik was parodying or setting up caricatures of various ways of thinking of poking fun at economics (or showing up economists themselves) and this very rarely came across in the reading of the book. Nonetheless, it's an edifying book to read if you can deal with the reading.
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2 people found this helpful
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- MD
- 12-25-16
Gotta love it
One of the rare books that I have had to listen again. The ideas are thought provoking and challenging conventional thoughts that you may start wondering whether to believe economic models.
I am going to listen again to get deeper into the discussions in the book.
Enjoy.
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1 person found this helpful