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CAP-COM The Economics Of Balance Paperback – August 1, 2001
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The Pros: Although this is certainly not an exhaustive list, I particularly appreciated the extensive historical research and reference that was put into this book. I can only speculate at the number of years it must have taken to compile this much information and assemble it into a logical progression of economic thought, cultural study, and governmental policy in the course of known history and beyond. This work delves delves far deeper than basic economics to explore the most fundamental ideals and principles of human cultures that resulted in the governmental and economic stances that modern economics strives to explain.
The Cons: I think that Mr. Welton, for the sake of keeping this material in the form of a manageable read, has drawn many conclusions - some a bit controversial - but hasn't provided enough evidence or persuasion to convince me of their likelihood. Using myth and mythology to define the fundamentals of prehistoric societies preceding those that history vaguely remembers is risky at best to establish the foundation for the explanations outlined here. Most specifically, the idea that a female dominated society would be far more nurturing and peaceful than the war-mongering male-dominated societies we have known may be somewhat naive, if not contradicted by those violent cultures in history's pages that actually were led by women. That being said, his basis for these conclusions - namely, the fact that no known cultures in history were entirely female dominated - are certainly reasonable, leaving the matter open to such speculation.
This book is certainly worth the read, and its theories are more than worth consideration, most especially in the quest for finding peaceful balance between the greatest extremes in world economics and power distribution among classes. While my personal feeling is somewhat right of that perfect balance, I think that very few of us can say that we are either 100% left or 100% right-wing in an unadulterated fashion.
I am rating this book at 4 stars because of the factors outlined above, and while I understand that too much foundation building can lead to a nightmarish and barely digestible tome, I still thought it needed at least more psychological research behind the conclusions that history neither allows to prove or disprove. With that enhancement, this would rate at least a 4.5, if not an outright 5 in my humble opinion.
Speaking of barely digestible tomes, this review may have gone a bit long (sorry!), so I'll finish by expressly thanking Mr. Welton for causing me to think deeply on this material, which I think may be even more important than 100% correctness in every conclusion.