Red Koi Reviews

See what I've seen, hear what I've heard

‘How to argue with an economist’ by Lindy Edwards

Posted by redkoireviews on 23/06/2007

I bought this is Bowral while on holidays, and read the whole thing through as the rain came down around our little cabin. I’d heard good things about this book, and it deserves it. A lot of people in Australia feel like the economy has too high a priority in politics and society, and that it’s hurting the social fabric of the country. This book explains how Australia has made a transition from egalitarian economic policy to free market economic rationalism.

That is useful in it’s own right, but the book goes further, outlining some ways in which to argue against economic rationalists at work or over the dinner table. Some of these arguments were more complete versions of what I already knew, other were completely new. It really grabbed my attention because a large chunk of my work is lobbying politicians and bureaucrats about climate change, many of whom come from an economic rationalist viewpoint.

Lindy Edwards has worked in the Department of Prime Minister and Cabinet, and in the book her arguments are about using the logic of economic rationalism to defeat it’s own arguments. She takes the view that economic rationalism can be modified and changed to make it ‘good’, rather than throwing the whole thing in the bin. This pragmatist attitude will probably rub the more socialist / lefty readers up the wrong way, but I think her work has a lot of value.

This is a great read about what lie behind the changes in contemporary Aussie culture.

My Rating: 4.5 Stars

PS, I think the next book on economics will be Frank StilwellsPolitical Economy: The contest of Economic Ideas

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