Thursday, April 29, 2010

False Economy by Alan Beattie

Came across this book in Landmark stores at Spencer Plaza some time back. It was put on discount so got it cheaper than original price. Rs 90 savings. I have been finding it hard to keep up with the habit of reading but still try to take out time whenever I can...."as long as one has will one will find a way".The book took a relative longer time to finish , roughly around 1.5 months. Quite a tough read if you try to put a correlation with the title of the book at first. Now since it took 1.5 months I vaguely recall some parts and trying to put a meaning to what I read ...how does it fit.Anyways , about the book. It is quite interesting and informative on many aspects..... trying to put a meaning to why the things are the way they stand today even when they sometimes look so foolish.... book is filled with examples. At first it looks puzzlingly but then Alan tries to put the reasoning behind the observed phenomenon.... something all "Economist" are fond of doing....why only them though...in fact anyone having the curiosity . The book gives a lot of emphasis on the historical origins of the current state of affairs and observations. Author has indeed done a thorough research on history as well to write this book. Book also covers about the India's growth in service sector and dominance of China in manufacturing and why that is the way it is. Again all things are explained with historical perspective with sufficient details and reasoning.Rather than call it False Economy I might also prefer to call it "Real Economy" also .
Here is good reference for review.

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