Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Economics 2.0: What the Best Minds in Economics Can Teach You About Business and Life Hardcover – Bargain Price, December 23, 2008
The Amazon Book Review
Author interviews, book reviews, editors picks, and more. Read it now
"A wide-ranging, informed and thoroughly enjoyable tour of the frontiers of economics. Anyone who wants to find out what economists actually do should grab a copy at once." -- Tim Harford, Financial Times columnist and author of The Logic of Life and The Undercover Economist
"Economics 2.0 is a very readable and timely collection by two of Europe's best economic journalists, covering topics that range from the nature of happiness to the origins of the current financial crisis. Each chapter seamlessly blends field research in the Freakonomics tradition with laboratory research, and entertains while it enlightens." -- Daniel Friedman, Professor of Economics, US Santa Cruz and author of Moral and Markets
"The nature of economic research has changed drastically over the last years, revoking the mantra of rationality, exploring creative new data sources, and venturig into topics far from the classical bundle of themes. This book provides a very entertaining and insightful overview of where modern economic stands today." --Ulrike Malmendier, Associate Professor of Economics, University of California, Berkeley
About the Author
Norbert Häring is Handelsblatt correspondent in Frankfurt, Germany. He has worked as a business cycle analyst with Commerzbank and as a correspondent for Boersen Zeitung and Financial Times Deutschland. Olaf Storbeck is Economics editor with Handelsblatt and is responsible for the weekly economics section.
Top customer reviews
There was a problem filtering reviews right now. Please try again later.
As usual for this kind of book, the authors are bit too harsh on "traditional" approach, especially from a point of view of an economist who works with "traditional" approach. If a reader think that "traditional" economists never thought about some of the issues raised in this book, he/she is wrong. It happens when authors are serious in what they are writing but not researchers on the frontier. But the book, as expected, gives this kind of impression.
So enjoy, but be skeptical simultaneously. Economists might be wrong in many dimensions but are not that stupid.
I think a fair amount will stimulate lunch/coffee/bar conversations.
What I personally missed was more connecting of research. More cohesion. I started to get discontinuity fatigue if I tried to read and think through more than a chapter at a time. Fun to make connections for yourself but the authors are in a position (their education, access, and profession) to help more that they did. Maybe a better summation at the end of each chapter. Or short chapters in-between these that make a few connections.
Oddly enough, as I read along, at times I felt somewhat uncomfortbale accepting the various findings presented in each case study as the studies referenced sometimes seemed rather limited, at least intuitively. As it turns out, the authors used the final chapter to warn readers against the biases and errors that can enter into economic studies, and to take the studies they presented with a grain of salt. In the end the reader is left on unsteady ground after reading about 50 different case studies. So which, if any, is one to take as truth? That's a lot of time spent reading to feel left adrift.
There are literally hundreds of books that aim to provide the reader with an interesting and non-technical entry into the field of economics. The best known is obviously Freakonomics by Levitt and Dubner, but there are are many many more. It seems that are at least two unifying themes for most of those books: (1) a clever name and cover; and (2) a focus on hot, surprising and often contrarian insights that make for great cocktail chatter. If that is what you are looking for, you should not buy this book. Now, that Freakonomics has been sold about a gazillion times, you will not be able to actually surprise anyone at those cocktail parties, but well, it did work for some time and the next edition is not so far away.
If instead you are interested in learning what economists other than Steven Levitt are working on today, this book is a must read.
The authors write a weekly section on economic research in the German Handelsblatt (basically the equivalent to the WSJ). Like the Economist's "Economic Focus" it is widely read both by economists and non-economists and the only reason I read this newspaper. The book builds on the excellent work that they have done there over the years and it shows. The authors really know what they are talking about, but they have no vested interest in any given sub-discipline. That is exactly what you need, when you want to understand what economics is about.