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Understandable Economics
- Because Understanding Our Economy Is Easier Than You Think and More Important Than You Know
- De: Howard Yaruss
- Narrado por: Howard Yaruss
- Duración: 7 h y 29 m
- Versión completa
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General3.5 out of 5 stars 16
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Narración:4 out of 5 stars 12
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Historia4 out of 5 stars 12
In this entertaining and informative guide, author Howard Yaruss breaks down our economic system in a straightforward way, avoiding jargon, formulas, graphs, and other technical material so common in books on this subject. Instead, he creates a compelling and comprehensive picture of our economy using accessible analogies, real-world observations, and entertaining anecdotes. Understandable Economics provides the context, tools, and foundational knowledge listeners need to understand our economy, determine which policies would work best, and champion those policies effectively.
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1 out of 5 stars
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Sophomoric and stilted
- De : en 02-06-23
- Understandable Economics
- Because Understanding Our Economy Is Easier Than You Think and More Important Than You Know
- De: Howard Yaruss
- Narrado por: Howard Yaruss
Sophomoric and stilted
Revisado: 02-06-23
I stopped listening after Chapter 2 due to several off-based assertions. There were several but I’ll pick on one.
Income inequality is due to a failure of “the system” a.k.a. Capitalism. This is not only untrue, but in direct conflict with his previous statements - how capitalism lifted millions of people out of poverty in the previous century. Apparently capitalism works phenomenally well (unprecedented in the history of the world according to the author) when viewed after several decades, but fails when viewed presently.
His premise fails to address the very nature of capitalism and how it accomplished all that it has - through competition and meritocracy which leverage inequality, while at the same time increasing the standard of living for everyone, and paradoxically decreasing the overall inequality.
No one on the planet goes to the store and picks the lesser product suffering from inequality to correct the "injustice". His premise ignores the real reasons for income inequality in those communities - disproportionate higher rates of - single motherhood, deadbeat fathers, child illiteracy, youth incarceration. There's no amount of free money you can throw at those kinds of issues to solve them.
Capitalism is not a free ride - there's a cost to the individual. But it provides the same way out for poor people today, as it has for millions in the past - through hard work, adding value to yourself and others, sacrifice and delayed gratification.
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