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19 of 19 people found the following review helpful:
5.0 out of 5 stars
Profound and Important,
This review is from: The Vices of Economists; The Virtues of the Bourgeoisie (Paperback)
Deirdre McCloskey's little volume, The Vices of Economists-The Virtues of the Bourgeoisie, is a gem. Nothing less. Although it is short, it bulges with deep and important insights; although it is aimed principally at an audience of professional economists, it is relevant for anyone interested in the scientific method as well as policy; and although it is written by a professional economist, its prose is splendid.The chapter of the book that strikes me as most important is Chapter 4, "The Arrogance of Social Engineering." The material here isn't simply another sermon on the complexity of the economy and society. It is, instead, a compelling explanation of why economists who make specific predictions about the future ("The price of tech stocks will rise over the next month" or "Megacorp's price-cutting will result in monopoly power") truly should be ignored. And her conclusion! That is not to be missed. I especially like, and appreciate, her wise words of advice: "Know above all that you do not know." |
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The Vices of Economists; The Virtues of the Bourgeoisie by Deirdre N. McCloskey (Hardcover - June 1, 1997)
Used & New from: $25.00
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