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Economix

10 Apr

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Michael Goodwin and Dan Burr’s Economix (2012) is a graphic nonfiction book that explains economic principles in an accessible way. The book uses the narrative of a guy trying to learn more about economics to engage the reader. Organized chronologically, Economix begins just at the 17th century, though the author notes that economics pre-dates that era, but people didn’t know how to analyze it.

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The book was most helpful to me when it explained new concepts or elucidated ideas like “supply and demand” which have more complexity under certain situations. I liked learning about economists I hadn’t heard of such as David Ricardo.

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N.B. Neither Economix authors agree with Malthus

I appreciated learning that world and national economies are often so multifaceted that it’s (practically) impossible to predict or understand them. That assertion seems honest and I hadn’t heard that before that I can recall.

Towards current era, the authors state that the book will be more aligned with the Democrats and appreciated that admission. It’s unmistakable, but their statement made me trust their final chapters more. I do think the book would be better if it wasn’t so connected to American history and used more examples from all over the world, however, I guess they authors didn’t think their audience was very cosmopolitan.

All in all, Economix is a good introduction to economics, dark science that I’m trying to learn more about.

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Posted by on April 10, 2018 in book review, non-fiction, postaweek

 

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