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NEW YORK TIMES BESTSELLER

Why do some countries succeed while others fail? What causes boom or bust? The World Trade Editor of the FT explains how the world really works.

'A thorough examination of economies from the age of empire to the age of the IMF' The Washingt

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Book ID Asin: B002RI9WXE
Book Title: False Economy: A Surprising Economic History of the World
Book Author: Alan Beattie
Book Format and Price:
Book Format Name: Kindle
Book Format Price: $6.99
Book Format Name: Hardcover
Book Format Price: $10.00
Book Format Name: Paperback
Book Format Price: $14.62
Book Price: $9.89
Book Category: Kindle Store, Kindle eBooks, Business & Money and unknown
Book Rating: 90 ratings

False Economy: A Surprising Economic History of the World by Alan Beattie Book Review

Name: Andrew Desmond
Rating: 5.0 out of 5 stars
Title: False Economy. Great Book!
Date: Reviewed in the United States on June 26, 2010
Review: In many respects, "False Economy" is similar to "Freakonomics ". Both books provide a well written excursion through modern economics with a view to learning certain lessons. However, it is "False Economy" that is the more insightful book notwithstanding the sales successes of "Freakonomics."

Alan Beattie takes the reader through a number of fascinating examples where each chapter has a central theme but readily digresses into captivating side streets. He begins the book with a discussion of why Argentina failed and the USA succeeded even though a hundred years ago, both countries would have been deemed to have similar prospects. Argentina simply made bad choices. It chose a protectionist course with arbitrary decision making from policy makers. It frowned on the strengths of the individual and relied upon the wisdom of the autocrat. In summary, Peronism was a failure.

Beattie then goes on to examine cities, the importance of trade and why natural resources can be a burden if not managed wisely. He also examines the negative influence that religion can sometimes exert on an economy before going on to discuss trade routes, infrastructure and corruption. Yet for all the high sounding nature of some of these subjects, Beattie covers each in a plain writing, thoroughly engaging style. Indeed, it is Beattie's use of words that is one of the book's best features. This is not a book about dry economics. Rather, it is cleverly writer discussion of modern society and the forces which molded it. It is accessible by the general reader. It is not a book for technocrats or economist alone.

In sum, I only wish I had come across this book sooner. It is a modern marvel.

Name: Tom
Rating: 5.0 out of 5 stars
Title: Thought provoking, but do not look for definitive conclusions
Date: Reviewed in the United States on April 20, 2010
Review: Interesting reading, very thought provoking. The main story is that countries are not destined to certain outcome. Instead their rulers lead their countries to prosperity or starvation or anything between. The book provides good examples of the main theme, yet sometimes shows that for each example some counterexample can be found. So do not assume to see too many definite conclusions.

Nevertheless, the book is a great base for thinking about government policies, for skepticism to rulers that fail to improve life of citizens in their countries due to "objective" reasons.

Name: amazon woman
Rating: 4.0 out of 5 stars
Title: an interesting, eye-opening & educational read
Date: Reviewed in the United States on April 3, 2013
Review: fascinating reviews of decisions individual countries' policy makers made and the resulting consequences; especially enjoyed the comparison between the U.S. and Argentina (and what COULD have been... for Argentina) and how an abundance of natural resources is not necessarily a good thing (i.e. African countries with oil, mineral deposits, etc.)

Name: derwin
Rating: 4.0 out of 5 stars
Title: Very Interesting Reading
Date: Reviewed in the United States on May 9, 2013
Review: A nice book that really takes you around a lot of topics in trade and economic history. The analysis can be a little light but that is more than offset by all the new ways of looking at things you learn. Recommended.

Name: Mark P
Rating: 1.0 out of 5 stars
Title: Does not meet expectations
Date: Reviewed in the United States on January 4, 2010
Review: With the exception of its first sentence, the preface to this volume is an excellent assessment of how modern writers make mistakes when forming economic models in light of history. That the writer then plunges immediately into the same abyss of which he has just warned the reader came as a complete and unpleasant surprise. He chose random historical details for support although he has usually informed the reader of his presuppositions far in advance of any substantive conclusion. His presentation of historical events does make for interesting reading, but many of the ideas presented in this work have already been presented far better in Lester Thurow's 

Name: MGoncalves
Rating: 5.0 out of 5 stars
Title: Interesting book on economic history of the world, but spotty at times
Date: Reviewed in the United States on April 27, 2015
Review: Beattie's book is an economic history of the world is a about 300 pages, which means his history is much more spotty than some other histories of the world. Sequence has its revelations, and there is some sequence in his work. But the book is less a history than it is an economics lecture.

Name: John Hollenbach
Rating: 5.0 out of 5 stars
Title: Replacement for Library book
Date: Reviewed in the United States on September 11, 2009
Review: I had taken this book out from the library to read, unfortunatly I had also just gotten an eleven month old German Shepherd also. Yes you guessed it, the dog ate it (always wanted to say that!). Here I replaced the book, quickly (it was received in less than three days), in as new shape and for less than it was available in any of the local stores. Fantastic service!

Name: Robert A
Rating: 4.0 out of 5 stars
Title: An eye-opener
Date: Reviewed in the United States on May 23, 2014
Review: A different way of looking at the world. A bit wordy but very educational. Never read this type of analysis before.