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Customer Review

7 of 70 people found the following review helpful
2.0 out of 5 stars Lack of a concise and convincing argument to buy this book, November 28, 2012
This review is from: The Redistribution Recession: How Labor Market Distortions Contracted the Economy (Kindle Edition)
I am afraid I must also give this book only 2 stars on the basis of reading the sample chapter. If I am going to buy this book I would expect to see the main arguments summarized in the introduction. Instead he launches into equations and statistics that are not really convincing, at least not so far. Reducing wages or eliminating minimum wages may create a few more jobs, but this would only make the concentration of wealth in the economy that is the real problem even worse.

I would be willing to buy this book if the price was more reasonable. The price of the kindle version is far too high. You would think that the author of this book being an economist of the Chicago School would get the price right, especially since he thinks that the unemployed do not have jobs because they are setting the price of their labor too high.
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Comments

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Showing 1-9 of 9 posts in this discussion
Initial post: Dec 2, 2012 3:31:05 AM PST
Sour grapes from an ideologue! Assumed link between minimum wages and concentration of wealth...blah blah!

Posted on Dec 3, 2012 7:07:50 AM PST
Matt White says:
Comments like this make me wish that Amazon required verified purchase in order to review anything. At least the reviewer is honest about not actually "reading" the book before reviewing, but that admission alone should have given him enough pause to not submit the review.

And by the way, the Kindle and print prices are usually set by the publisher, not the author. And high prices like this are common with limited-release works targeted at a scholarly audience. So don't blame the author for the price, and please read the book before you submit a "review".

Posted on Dec 3, 2012 3:22:48 PM PST
Bran Nieboer says:
mr. mulligan has placed downloadable spreadsheets of all the data used in writing this book on the books website. if you are "unconvinced" by facts and data, it makes sense that you'd write a negative review of a book you do not understand and have not read. please refrain from doing this ever again. it does not cast you in a good light and it takes away from the intended effect of the rating system.

In reply to an earlier post on Dec 5, 2012 11:51:34 AM PST
J. Heurich says:
This is not just an assumed link. It has been shown by multiple studies that minimum wages decrease income inequality. On the other hand, whether they destroy jobs at the same time is empirically ambiguous.

Posted on Jan 28, 2013 3:08:09 PM PST
Herb,

If you put 100 economists in a room, you will get 200 opinions, and none may ever come close to understanding society's ills, let alone fix them. Economics is a social science, so economists can no better predict an upcoming recession than you or I can.

In reply to an earlier post on Jan 30, 2013 2:07:36 PM PST
Actually I believe a nearly 50 percent discount is incredibly reasonable. The usual difference between the two can be as low as 10 percent.

I believe also the reviewer can find most of the arguments of the author in peer reviewed papers. It is highly unlikely a tenured faculty produces a book before having one or more articules published. They would cost even less than the Kindle book.

That said, it is really disingenuine for someone to make such scathing remarks about a book without understanding the complete argument the author is making.

Posted on Feb 4, 2013 7:20:14 PM PST
Kathy Edens says:
One should not post a review if he/she has not read the book.

Posted on Oct 3, 2013 7:08:22 AM PDT
Amazon really needs an umpire to briefly screen these bogus reviews and spot phrases like "on the basis of reading the sample chapter".

In reply to an earlier post on Mar 24, 2014 3:41:37 PM PDT
David says:
Alexander Gonzalez:

LOL, you are spot on. Economics shares no resemblance to a real data-driven science like physics or biology, yet there is no end of connecting dots to create illusory patterns that exist only in the minds of the economists and their fervent followers. The real economic world consists of far, far too many variables to be reasonably modeled until, perhaps, quantum computing becomes ubiquitous (meaning, when at least millions of interdependencies can be mathematically related and run to demonstrate how tested changes actual affect the whole system.) Until then, economists are still at the stage of putting leeches on patients.

Of course, (to switch metaphors) we are in a meeting of church-goers saying blasphemous devil-talk here, so we can expect massive down-voting on our comments.

Well, time to go pick up my government check and party all night long with my disenfranchised buddies, since we don't have jobs to go to in the morning nor the economic incentive to get one. Life is simple, huh.

(THAT should get 'em going! LOL)
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