They are able to edit and improve the Goodreads catalog, and have made it one of the better catalogs online.Īctivities include combining editions, fixing book and author typos, adding book covers and discussing policies. Goodreads Librarians are volunteers who have applied for and received librarian status on Goodreads. Non-librarians are welcome to join the group as well, to comment or request changes to book records.įor general comments on Goodreads and for requests for changes to site functionality, try Goodreads Help or use the Contact Us link instead.įor tips on being a librarian, check out the Economix is published by Abrams Comic Arts. More than a cartoon version of a textbook, Economix gives the whole story of the economy, from the rise of capitalism to Occupy Wall Street.
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Non-librarians are welcome to join the group as well, to A place where all Goodreads members can work together to improve the Goodreads book catalog. Economix is a graphic novel by Michael Goodwin, illustrated by Dan E. “How the Bush administration dismantled the New Deal.A place where all Goodreads members can work together to improve the Goodreads book catalog. Paul Krugman, The Great Unraveling: Losing Our Way in the New Century. “How the same free-market ideology was forced on country after country, and the insane consequences.” Naomi Klein, The Shock Doctrine: The Rise of Disaster Capitalism. Asked on “Meet the Press” whether he had underestimated the extent of risk that even large corporations face, Galbraith paused and replied, “Yeah, I think I did.”
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In July 1982 the steel and auto companies he had claimed were immune from competition and recessions were laying off workers in response to both foreign competition and recession. To his credit, Galbraith ultimately admitted, with a 15-year lag, the major problem with his thesis. That is one reason why GM, which did produce about half of all U.S.-bought autos in the 1960s, sells only a quarter of all U.S.-bought autos today.Įven Galbraith, though, saw that he had vastly overstated GM’s power. Although GM would have loved to “decree” the shape of automobiles in the 1980s, it seems consumers had different ideas. Here’s part of what I wrote in my 2006 article, “John Kenneth Galbraith: A Criticism and an Appreciation:” The proper shape of an automobile, for most people, will be what the automobile makers decree the current shape to be. Since General Motors produces some half of all the automobiles, its designs do not reflect the current mode, but are the current mode. The mature corporation has readily at hand the means for controlling the prices at which it sells as well as those at which it buys. “As close as anyone’s ever come to nailing down the modern industrial economy like Adam Smith nailed down the economy of his day.” Really? Here’s an excerpt from Galbraith’s book: John Kenneth Galbraith’s The New Industrial State.
#Mike goodwin economix free#
Would he say that Friedman’s explanation of how free markets make it easier to have free speech or how free markets make racial discrimination costly are examples of “blackboard” economics rather than explanations of how things happen in the real world? “A defense of the free market, based more on how it works on a blackboard than how things happen in the real world.” Hmmm. Milton Friedman’s Capitalism and Freedom. Look at it for yourself but here are a few things that caught my eye: That, then, motivated me to look at the reference books he relied on, along with short summaries of each, when researching for his book. If my guess is right, though, Goodwin might want to read about what the trusts in the late 1800s actually did, namely pass on the huge cost savings from economies of scale to consumers. My guess is that Goodwin wants us to imagine corporations exploiting consumers. But the picture shows a big corporation stomping on people. Score one for Goodwin.īut by the third sample page, though, he goes off the rails, talking about corporations: they get big and take over Take over what? He doesn’t say. The first sample is hopeful: he does a nice job of Adam Smith’s pin factory, making it, correctly, entirely about division of labor, as Smith did, rather than, incorrectly, about comparative advantage, which came along decades later with David Ricardo. In Economix fasst er die Geschichte der konomie verstndlich zusammen und berprft. An author typically wants to put his best foot forward and so I thought I would get a hint from those samples. Diesen Fragen hat sich Michael Goodwin gestellt, und er gibt Antworten. The first thing I noticed is that in the praise for Economix, only one of the five “praisers” he highlighted on his web site is actually an economist.īut I didn’t stop there. I haven’t received a review copy of Michael Goodwin’s Economix yet, but I’m not hopeful that it will be good.