« FQ.06.47: Favorite Quote for This Week | Main | The Big Show hits Denver, then Seattle, this week »

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c0c869e200d83431711153ef

Listed below are links to weblogs that reference Get ready for a big surprise:

» Careful with those statistics, Eugene! from Low Earth Orbit
Alan Reynold's textbook debunks common myths about income and wealth. [Read More]

Comments

It looks like a good book, but the price seems pretty steep. Why did they decide on $55 when other books covering economic topics tend to be in the $20 range? I think I'll wait either for a used copy or see if I can pick it up at the library.

"so far, Alan's new book is averaging five stars"

Steve,
In addition to the other great info you provide, you make me laugh. Thanks!


I wonder if it'll come out in paperback one day. $55 is pretty steep for pleasure reading. Maybe I'll splurge and cough up the dough eventually.

BTW, now that the Dems are in power, I suspect we'll hear that everything is much better now. If we get a Dem president in 2008, we'll hear how the economy has never been better. It's amazing what a little change in perspective can do!

Is it irony when an economics book is priced so high that the majority of consumers will not buy it?

Couple of comments:

The mainstream media is prone to sensationalism because 1)they're lazy 2) they're mostly journalists who have no real subject matter knowledge and 3) we live in a 10 second sound bite world.

We are going through a transition. One that is causing significant change. It really doesn't matter what is causing the change it is that change is an emotional matter. Therefore, it should come as no surprise that there is all this, well, emotion.

When the largest company (by revenue) is a retailer with predominately low wage employment that is a stark contrast to the large companies of the "old" economy (if there really is such a thing). Facts are facts but when GM gets replaced by WalMart it's bound to cause anxiety. Why would it not? I won't argue that the current business model of GM is flawed (it most certainly is )but the point is that this change is significant.

I suppose it always comes back to the glass half empty of full but let's just say that this country enjoyed a relatively period of global market insulation and stability in employment. While the changes are irreversible it should come as no surprise that people are a tad testy nowadays.

Sorry about the high price, but the book is full of graphs and tables which always results in a high price. Income and Wealth is marketed as a college textbook, after all, but it seems to have broader appeal. At used bookstores, like abebooks.com, it has been selling for much more than list price (possibly because some online stores were out of stock for a while). There will be short paper from Cato.org in January that summarizes a few key points in the book.

Well bully for you, and I look forward to reading the book as soon as I can sell one of my kidneys. But, it only takes 4 words to dispel the myth that Americans have not been getting wealthier: "Pet Health Care Insurance".

The comments to this entry are closed.