The Commanding Heights : The Battle for the World Economy Reviews
The Commanding Heights : The Battle for the Planet Economic system
The Pulitzer Prize-wimming author of The Prize joins a top specialist on the global economic system to present an incisive narrative of the risks and possibilities that are emerging as the balance of energy shifts all around the globe in between governments and markets -- and the battle more than globalization comes front and center. The Commanding Heights is important for comprehending the struggle more than the "new guidelines of the game" for the twenty-initial century.The "commanding heights," according to Pulitzer Prize-wi
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Did You Say "A Lively Economics Book"?,
Don't be scared, Commanding Heights, in every sense, is a lively yet informative economics book. A text for everyone, from the main street person to Milton Friedman
The writers, Daniel Yergin and Joseph Stanislaw, are both players of the business world, and Ph.D. holders (Yergin's from Cambridge University, where he was Marshall Scholar, and Stanislaw holds a Ph.D. from Edinburgh University). Furthermore, Yergin's book "The Prize" was awarded the Pulitzer Prize. One could only expect a dry, scholarly frightening work from the two, but, surprisingly, Commanding Heights is anything but intimidating.
This is a very good introduction to 20th century's economic plans and philosophies- from Gandhi's "swadeshi" to Thatcherism of the late 1970s and 80s to the 'global economy' of the 90s and present.
The book's treatment of Thatcher and Thatcherism is very good and readable, and almost enlightening. The portrayal of Margaret Thatcher is illuminating, if not flattering for the subject. The Thatcher of the book is not the evil witch of left-wing politics, but that of a hard-working, decent and uncompromising woman from a lower middle class background. Her (political) partnership with Joseph Keith and her devotion to Keith's plan is intriguing, and her David-and-Goliath battles with the 'establishment' is inspirational. ("I am the rebel head of an establishment government" she once boasted). Keynesians beware- this book might turn you into a Thatcherite!
Another highlight is the book's treatment of Latin America's economic dogmas and policies. Here, Chapter Nine of the book, it reads like a dark, compelling, political thriller authored by Vargas Llosa (Not surprisingly, Llosa's name appears in this book). Like the rest of the book, this chapter is highly fascinating and lively.
With great clarity and intelligence, this is a highly recommended 'big' book. A great companion as we face a new century. READ IT!
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|A Very Interesting and Unfinished Story,
"The Commanding Heights" is well written and offers a very good historical overview of the economics of the middle and late 20th Century. There are wonderful historcal explanations of the rise of socialism in the west and communism in the east as well as the two grand economic schools in the west which were the products of John Maynard Keynes and Frederich Von Hayek. From this point the authors go on to give some form and explanation of globalization and the benefits and negative fallouts that are associated with it.
As a whole the book is absolutely worth reading, however keep in mind that the writers develope a certain point of view. The reader is left with the impression that after the free market revolutions of the 1980s Keynes was put to flight and it is obvious that what we need are even more open markets and that this is the solution to all the world's problems. Keep in mind that there are some goods and services that the market simply cannot deliver and like most cycles in history this debate is probably not settled.
As for their explanations on globalization they are pretty much on the mark. Obviously free markets are what is needed in most parts of the world and the move towards them will absolutely make the world a better place in the LONG run, but maybe a much less agreeable place in the short.
There are numerous supplements that I would recommend with this book, but I won't list them here. Make this a part of your journey to understand the wider world, but do not make the mistake of thinking this is the final answer. There is much more to learn and understand than this book offers. Great place to start however.
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|Highly Recommended!,
The second half of the 20th century was marked by the ebb and flow of government influence over national and international economies. Daniel Yergin and Joseph Stanislaw characterize the balance between government and private marketplace clout as a battle for the commanding heights of the economy. They trace this fight back to the years after World War II, where they discover that capitalism had been widely discredited and governments were basking in the glow of wartime victory. With descriptions of the catalytic people and events that moved markets and policy, Yergin and Stanislaw have turned an essentially academic topic into a readable book, which is as much about economics as it is about history. As engaging as the stories are, don't assume you're in for a light read. Many business books today have plenty of sizzle, but not much steak. We at getAbstract recommend that you sink your teeth into this big, juicy T-bone of a book, a rare treat for intellectual readers searching for economic adventure and substantive history.
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