Economic policy should be based on cold, hard economic analysis, Grossman concludes, not on an unquestioning commitment to a particular ideology. Wrong shows what happens when this sensible advice is ignored.
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By CJA on 20-06-15
Comprehensive, Brilliantly Composed
Brilliantly composed, thorough presentation that I may add was eloquently written in such a manner that the logic & insight of complex subject matter could be easily understood & digested by a vast, general audience (& experts alike).
Subject matter especially pertaining to fiscal & monetary tools & policies can be particularly challenging to present in a way that can be understood by a general audience & such matters were step by step simplified into logical explanations that made sense of these complex intricacies.
It would be difficult to top this presentation in its thorough coverage of each topic attempted, simplification of complex subject matter into logical explanations, all into fluid, enjoyable, conversational spirit of making things better than they were before.
John Maynard Keynes quote at the end was touching to the effect & summed up the book perfectly "When someone persuades me that I am wrong, I change my mind. What do you do?"
The moral of this book is again summed up again by John Maynard Keynes "It is better to be roughly right than precisely wrong." Improving the world by exercising the mind, understanding the risks & rewards of future policies by evaluating the past is what this book attempts & successfully achieves.