False Economy a Surprising Economic History of The World

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9780141033709: False Economy a Surprising Economic History of The World

Why do oil and diamonds lead to economic disaster more often than boom? Why doesn't Africa grow cocaine? Why might believing in God be good for your balance-sheet? Using the stories of economic triumph and disaster, this title explains how some countries went wrong while others went right.

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About the Author:

Alan Beattie graduated from Balliol College, Oxford, with a degree in history. After taking a master's degree in economics at Cambridge, he worked as an economist at the Bank of England and then joined the Financial Times in 1998. He is currently the paper's world trade editor.

From The Washington Post:

From The Washington Post's Book World/washingtonpost.com Reviewed by Justin Moyer Pop social science -- think Steven Levitt and Stephen Dubner's "Freakonomics" or Malcolm Gladwell's "The Tipping Point" -- is tricky. Authors risk sacrificing the intricacies of scholarship in the service of reader-friendly anecdotes. But Alan Beattie, the world-trade editor at the Financial Times and a former economist for the Bank of England, resists this kind of reduction in "False Economy," a thorough examination of economies from the age of empire to the age of the IMF. Standing proudly against psychology, dialectical materialism and inevitability, Beattie writes, "History is not determined by fate. . . . It is determined by people." He insists that it is not destiny but the right and wrong decisions by political leaders that cause societies to rise and fall. Beattie's analysis dazzles with particulars: He explains why Africa doesn't grow cocaine (poor infrastructure), why Peru grows most of the asparagus consumed in the United States (good lobbyists), and why pandas (whose diet is almost exclusively bamboo) and command economies (which can function only under inefficient bureaucracies) are endangered by inflexibility. A lover of Adam Smith's invisible hand, Beattie criticizes protectionist mollycoddling of inefficient industries. But despite his generally conservative outlook, his far-reaching history is grounded in a curiously Obama-esque, populist belief that open markets guided by modest, business-friendly policies can guide us through the current economic downturn -- that, as Shakespeare put it, "our remedies oft in ourselves do lie."
Copyright 2009, The Washington Post. All Rights Reserved.

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Book Description Penguin Books Ltd, United Kingdom, 2010. Paperback. Book Condition: New. Language: English . Brand New Book. Why do oil and diamonds lead to economic disaster more often than boom? Why doesn t Africa grow cocaine? Why might believing in God be good for your balance-sheet? In 2001 Argentina s government bankrupted itself, yet for the past two hundred years it had enjoyed a vista of economic opportunity almost identical to that of the USA. Why did the USA succeed while Argentina stalled? Botswana and Sierra Leone are both blessed with abundant diamonds. Why did Botswana became the world s fastest-growing economy while Sierra Leone suffered a decade of brutal civil war? In False Economy, Alan Beattie uses extraordinary stories of economic triumph and disaster to explain how some countries went wrong while others went right, and why it s so difficult to change course once you re on the path to ruin. Bookseller Inventory # APG9780141033709

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Book Description Penguin Books Ltd, United Kingdom, 2010. Paperback. Book Condition: New. Language: English . Brand New Book. Why do oil and diamonds lead to economic disaster more often than boom? Why doesn t Africa grow cocaine? Why might believing in God be good for your balance-sheet? In 2001 Argentina s government bankrupted itself, yet for the past two hundred years it had enjoyed a vista of economic opportunity almost identical to that of the USA. Why did the USA succeed while Argentina stalled? Botswana and Sierra Leone are both blessed with abundant diamonds. Why did Botswana became the world s fastest-growing economy while Sierra Leone suffered a decade of brutal civil war? In False Economy, Alan Beattie uses extraordinary stories of economic triumph and disaster to explain how some countries went wrong while others went right, and why it s so difficult to change course once you re on the path to ruin. Bookseller Inventory # APG9780141033709

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Book Description Penguin Books Ltd. Book Condition: New. 2010. Reprint. Paperback. Why do oil and diamonds lead to economic disaster more often than boom? Why doesn't Africa grow cocaine? Why might believing in God be good for your balance-sheet? Using the stories of economic triumph and disaster, this title explains how some countries went wrong while others went right. Num Pages: 336 pages. BIC Classification: KCL. Category: (UP) Postgraduate, Research & Scholarly. Dimension: 198 x 129 x 22. Weight in Grams: 240. . . . . . Books ship from the US and Ireland. Bookseller Inventory # V9780141033709

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Book Description Penguin Books Ltd, 2010. Book Condition: New. 2010. Reprint. Paperback. Why do oil and diamonds lead to economic disaster more often than boom? Why doesn't Africa grow cocaine? Why might believing in God be good for your balance-sheet? Using the stories of economic triumph and disaster, this title explains how some countries went wrong while others went right. Num Pages: 336 pages. BIC Classification: KCL. Category: (UP) Postgraduate, Research & Scholarly. Dimension: 198 x 129 x 22. Weight in Grams: 240. . . . . . . Bookseller Inventory # V9780141033709

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Book Description Penguin Books Ltd. Paperback. Book Condition: new. BRAND NEW, False Economy: A Surprising Economic History of the World, Alan Beattie, Why do oil and diamonds lead to economic disaster more often than boom? Why doesn't Africa grow cocaine? Why might believing in God be good for your balance-sheet? In 2001 Argentina's government bankrupted itself, yet for the past two hundred years it had enjoyed a vista of economic opportunity almost identical to that of the USA. Why did the USA succeed while Argentina stalled? Botswana and Sierra Leone are both blessed with abundant diamonds. Why did Botswana became the world's fastest-growing economy while Sierra Leone suffered a decade of brutal civil war? In "False Economy", Alan Beattie uses extraordinary stories of economic triumph and disaster to explain how some countries went wrong while others went right, and why it's so difficult to change course once you're on the path to ruin. Bookseller Inventory # B9780141033709

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