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Editorial Reviews
From Publishers Weekly
Twenty years have elapsed since the celebrated Harvard economist's last novel ( The Triumph ) but this succinct parable for our times, a rare comedy of point and precision, is well worth the wait. Harvard professor Montgomery Marvin, a clever, mild-mannered economist whose Ph.D thesis examined arcane aspects of refrigerator pricing, devises an approach to economics that he calls the Index of Irrational Expectations, based on the all-too-apparent notion that there is no limit to human folly when greed is the driving force. Buying stocks of irrationally inflated companies short, selling while the price is still high and replacing them cheap when the inevitable decline comes, Marvin and wife Marjie soon amass a fortune. Liberals at heart, they spend the money by endowing peace professorships at military schools and establishing countervailing PACs--money to support candidates for office opposing those helped by wealthy lobbyists. Only when they buy a major arms manufacturer and turn its efforts to peaceful purposes does the sacred defense establishment turn on them. This rueful tale is embellished with countless delightful asides on matters as various as Harvard academic manners and the proper behavior before Congressional committees.
Copyright 1990 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
From Library Journal
Can a tenured professor of economics at Harvard, creator of a stock forecasting model, put his vast yields toward liberal causes without upsetting the prevailing political-economic system? Montgomery Marvin develops the Index of Irrational Expectations (IRAT) after studying the euphoria which accompanies investment, and with his activist wife Marjie he puts IRAT earnings to such uses as labeling products based on their makers' number of women executives; establishing chairs in peace studies at the military academies; and setting up PRCs (Political Rectitude Committees). In his first novel in 22 years, Galbraith shows that as a novelist, he is a fine economist. His language tends to be pretentious and his tone pedantic, with hints of condescension amid occasional wit and convoluted sentences which slow the pace. But he fits his scenario deftly into the present scene, providing a modern fable of some interest. Previewed in Prepub Alert, LJ 10/15/89.
- Michele Leber, Fairfax Cty. P.L., Va.
Copyright 1990 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
See all Editorial Reviews
Twenty years have elapsed since the celebrated Harvard economist's last novel ( The Triumph ) but this succinct parable for our times, a rare comedy of point and precision, is well worth the wait. Harvard professor Montgomery Marvin, a clever, mild-mannered economist whose Ph.D thesis examined arcane aspects of refrigerator pricing, devises an approach to economics that he calls the Index of Irrational Expectations, based on the all-too-apparent notion that there is no limit to human folly when greed is the driving force. Buying stocks of irrationally inflated companies short, selling while the price is still high and replacing them cheap when the inevitable decline comes, Marvin and wife Marjie soon amass a fortune. Liberals at heart, they spend the money by endowing peace professorships at military schools and establishing countervailing PACs--money to support candidates for office opposing those helped by wealthy lobbyists. Only when they buy a major arms manufacturer and turn its efforts to peaceful purposes does the sacred defense establishment turn on them. This rueful tale is embellished with countless delightful asides on matters as various as Harvard academic manners and the proper behavior before Congressional committees.
Copyright 1990 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
From Library Journal
Can a tenured professor of economics at Harvard, creator of a stock forecasting model, put his vast yields toward liberal causes without upsetting the prevailing political-economic system? Montgomery Marvin develops the Index of Irrational Expectations (IRAT) after studying the euphoria which accompanies investment, and with his activist wife Marjie he puts IRAT earnings to such uses as labeling products based on their makers' number of women executives; establishing chairs in peace studies at the military academies; and setting up PRCs (Political Rectitude Committees). In his first novel in 22 years, Galbraith shows that as a novelist, he is a fine economist. His language tends to be pretentious and his tone pedantic, with hints of condescension amid occasional wit and convoluted sentences which slow the pace. But he fits his scenario deftly into the present scene, providing a modern fable of some interest. Previewed in Prepub Alert, LJ 10/15/89.
- Michele Leber, Fairfax Cty. P.L., Va.
Copyright 1990 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
See all Editorial Reviews
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