IT'S THE ECONOMY, STUPID a Rhodes Scholar Education in One Hour

Rated 3.20/5 based on 6 reviews
IT’S THE ECONOMY, STUPID explains in under an hour what truly matters in this (or any other) Presidential election. You’ll be able to identify the culprits responsible for economic theory and policy — and you’ll know why they’ve created this mess. In other words, you’ll be as smart as Bill Clinton, the Rhodes Scholar for whom the catch phrase “It’s the economy, stupid” was coined. More

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About Andre Jute

André Jute is a novelist and, through his non-fiction books, a teacher of creative writing, graphic design and engineering. There are about three hundred editions of his books in English and a dozen other languages.

He was educated in Australia, South Africa and the United States. He has been an intelligence officer, racing driver, advertising executive, management consultant, performing arts critic and professional gambler. His hobbies include old Bentleys, classical music (on which for fifteen years he wrote a syndicated weekly column), cycling, hill walking, cooking and wine. He designs and builds his own tube (valve) audio amplifiers.

He is married to Rosalind Pain-Hayman and they have a son. They live on a hill over a salmon river in County Cork, Eire.

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Reviews

Review by: J.A. Beard on Nov. 01, 2012 :
Disclosure: I was given a free copy of this book by the author.

Mr. Jute provides a brief survey of the major strands of Western economics thought, along with the men who developed them. This work is written with a crisp and clear style that gets the information across readily. Given the joys of narrative history and what not, I did find myself missing that potential angle and perhaps wouldn't have wanted to read a full-length book written in this style, but this short work (~20,000 words) does what it's intended to do before you get tired.

Now, I already had a firm grounding in economics before looking this over, so I can't say that it brought necessarily a lot of new information to my attention, but I do think it'd be very useful for people who haven't studied economics at all and are trying to get a feel for major economic theories and where they came from.

Now, of course, there's the old joke about getting ten economists in a room and asking them a question and getting ten different answers. There's still a lot of debate to be had for the validity of certain economic theories and models, but there it is important to realize that the thoughts of these economics are directly impacting how politiicans of all types form policy.

Right now, we're in the middle of The Great Recession. Economics and economic policies from on high have political and personal consequences for every citizen, so it is important, I think, for every educated person to have at least some grounding in the "dismal science" of economics.

I will note that I was rather surprised by the ommission of any mention of Hayek in this book, though. Obviously, in so far as those general strands of economic thought go, Friedman (who is discussed) is the most directly influential, but in a work that is more a historical survey than anything, I would think Mr. Hayek would be worth at least a quick mention.
(reviewed the day of purchase)

Review by: sinter klaas on June 13, 2012 :
This short book acknowledges my thoughts about the study of economics exactly:
* Making simple things sound difficult
* Predicting the past

It doesn't really say anything about economics in the present. As an historical overview of economic thought this is quite allright, but the main question as a sceptic reader is: if you can't use it for the present or future, why study it?

** for the effort
(reviewed within a month of purchase)

Review by: rogueasst on June 11, 2012 :
IT'S THE ECONOMY, STUPID a Rhodes Scholar Education in One Hour… by Andre Jute

The Description - "IT’S THE ECONOMY, STUPID explains in under an hour what truly matters in this (or any other) Presidential election. You’ll be able to identify the culprits responsible for economic theory and policy — and you’ll know why they’ve created this mess. In other words, you’ll be as smart as Bill Clinton, the Rhodes Scholar for whom the catch phrase “It’s the economy, stupid” was coined."

The description caught my attention, but the book failed to live up to it. Economic theories and their founders are presented in encyclopedic fashion, and the author's clear message is that these theories are divorced from reality - except for the often disastrous results. A good book for someone curious about economic theory, as it provides enough nuggets of information to prompt further reading. ( )
(reviewed within a month of purchase)

Review by: rogueasst on June 11, 2012 : (no rating)
IT'S THE ECONOMY, STUPID a Rhodes Scholar Education in One Hour… by Andre Jute

The Description - "IT’S THE ECONOMY, STUPID explains in under an hour what truly matters in this (or any other) Presidential election. You’ll be able to identify the culprits responsible for economic theory and policy — and you’ll know why they’ve created this mess. In other words, you’ll be as smart as Bill Clinton, the Rhodes Scholar for whom the catch phrase “It’s the economy, stupid” was coined."

The description caught my attention, but the book failed to live up to it. Economic theories and their founders are presented in encyclopedic fashion, and the author's clear message is that these theories are divorced from reality - except for the often disastrous results. A good book for someone curious about economic theory, as it provides enough nuggets of information to prompt further reading. ( )
(reviewed within a month of purchase)

Review by: Lisa Penington on June 10, 2012 :
Accessible to those who haven't studied economics and still interesting for those who have, this is a whirlwind view of economics through the ages. Well worth reading and great as a reference book and guide to further reading.
(reviewed within a month of purchase)

Review by: Bob Fitzconner on May 20, 2012 :
André Jute writes with great clarity and brevity to deliver a credible and creditable history of western economic theory and actuality in less than 21,000 words.

Jute appears to retain some reverence for Karl Marx, whom he calls 'the master'. Many people do, though I would question Marx's inclusion in a history of anything other than bad-tempered wrecking.

If you know nothing about economics, this booklet is a great way to get started. If you know a bit, this well-structured synopsis is an invaluable aid to organizing what you know into a more coherent whole.

Jute rightly notes that the market remains a failure in the case of house supply and pricing. And while acknowledging the many ways that governments and central banks can put money into the global economy, he only touches on the role of imprudently lax banking regulation which allowed or encouraged banks to over-leverage their balance sheets over recent decades.
(reviewed the day of purchase)

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