Create Your Own Economy: The Path to Prosperity in a Disordered World
Sunday, December 11th, 2011 at
11:51 pm
Create Your Personal Economy: The Path to Prosperity in a Disordered Planet
1 of the most respected behavioral economists in the globe and coauthor of the "greatest economics blog in the universe"* offers an vital manual to achievement in a radically new hyper-networked age.
How will we reside effectively in a super-networked, information-soaked, yet predictably irrational world? The only way to know is to understand how the way we feel is changing.
As economist Tyler Cowen boldly shows in Create Your Own Economy, the way we believe now is changing more quickly than
List Price tag: $ 25.95
Price: $ 2.97
Tags: prosperity, economy, tyler cowen, world, disordered, path, create
Like this post? Subscribe to our RSS feed and get loads more!
Essential reading for our time,
As other reviewers have noted, this book is difficult to summarize. Prof. Cowen insightfully touches on topics ranging from Adam Smith, to contemporary classical music, to facebook. Unlike some books that present one idea in the introduction, then repeat it endlessly, nearly page in prof. Cowen's book contains something new and thought-provoking. I found it difficult to put down.
Most exciting for me was the idea that internet, far from making us more impatient, may allow us to assemble long and valuable narratives from 'small bits'. This idea changed how I think about my time spent online. Rather than feeling vaguely guilty about the time I 'waste' reading blogs, I am thinking about the stories that each individual blog post adds to.
Cowen's notes that the internet (and computers, ipods, etc.) are exceptionally good at helping us to organize information. Intriguingly, Cowen argues that this may in a positive sense be making us all more autistic. Far from a being a distraction, the internet may be enabling us to appreciate culture in individual ways that were not previously possible. (For the economists out there, you need to read the book to see how much of this is explained by the most important theorem you've probably never heard of: the Alchian-Allen theorem.)
Whether or not you agree with all of Cowen's arguments, this book is likely to make you see the world - and yourself - differently. Highly recommended.
Was this review helpful to you?
|Learn from autistic people and lead a better life in a disordered world,
How can you survive in a bad economic time? Will you surrender or change the way you lived? How can we improve our internal worlds to lead a better life? The book "Create your own economy: the path to prosperity in a disordered world" wrote by Tyler Cowen is a guide to help you discover yourself and improve your potential to live a better life.
Cowen believes that it is the value and the creative power of the individual that drives the world to be prosperous. How to discover the internal world for ourselves? Cowen answers the question from an autistic way. He emphasizes the cognitive strength of autistic people and their contribution to the society. The contents can be divided into four parts. In the first part, Cowen explains that because of the improvement of technologies, the world is filled with bits of information. This requires mental ordering to make these bits into a coherent vision. In the second part, he introduces the advantages of autistic people which are good to create your own economy in your internal world. The main advantage is the cognitive strengths, which include strong skills in ordering knowledge and perceiving small bit of information in preferred areas. The third part is concerned on what we need to learn from autistic people. In the last part, Cowen describes the future world and suggests showing respect to individuals and diversity of human beings.
In the book, Cowen discusses the advantages autistic people possess over non-autistic people in certain fields. Examples of successful autistic people are provided so that readers can better understand his argument. The main message Cowen hopes to deliver is that non-autistic people should learn something from autistics in this chaotic world.
With the development of the internet, and technologies like instant messaging, cell phones and internet programs like facebook, the world has become information-centered. We are constantly saturated by new information. This necessitates the development of a framework that allows us to internally relate information and order the information we receive. This is what Cowen refers to as the process of creating your own economy. Cowen argues that autistics typically have significant cognitive strengths which emerge from autism. These include abilities in ordering knowledge and interpreting bits of information in the areas they are interested in.
Cognitive skills associated with autism help to self-assembly of bits of information and create an ordered mental world; people possessing such skills are well suited to the present information-heavy landscape. Cowen explores "autism" in nearly every chapter of the book and discusses the advantages of autism on cognitive skills by answering the following questions. Why autism engenders "big-picture thinking"? How cognition provide insights into aesthetics? What we can learn from an autistic interpretation of politics.
This book offers a fresh and interesting view on how the culture of autism affect people's internal world when facing a world with cultural blends. I mainly agree with Cowen's point that strong cognitive abilities are helpful to accurately develop a "sense" of the world. Cowen makes effort too, to correct the prevailing doubt on the lack of "big-picture thinking". He believes that autistic people care much on the big picture as well as on details.
Admittedly, autistics are talented individuals, especially when it comes to cognitive abilities. Statistic shows that 10%-15% of autistic individuals have superior intelligence measured by high IQs. Also, many great figures in history are autistic; they have made significant contributions to the improvement of human society. From a macro perspective, it is hard to detangle the development of the society with the contributions of autistic people as possible who have devoted themselves to their preferred fields. However, from a micro perspective, things are somewhat different. I think leading a happy and desirable life should be the most important thing for every individual. Autistic characteristics prevent people from pursuing a satisfying and complete life. Cowen repeatedly emphasizes the strengths of autism; however, he neglects to discuss the drawbacks of being an autistic.
Two obvious weaknesses of autistic individuals are unnecessary anxiety and strong impulses. Autistic individuals become anxious due to the conflicts between their internal world and the external circumstances. Their cognitive strength leads the autistic to develop special ideas on subjects which buck the social trends. When successful, autistic individuals are regard as revolutionary with inventions that bring social progress. However, failures can drive autistic individuals to insanity or disintegrated personality. Moreover, autistic people tend to insist on what they are interested in and desire, which produce strong impulses in their...
Read more
Was this review helpful to you?
|What's It All About,
This was somewhat of an odd book for a couple of reasons: first, based on the title, I was expecting something on the order of The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich or The Joy of Not Working: A Book for the Retired, Unemployed and Overworked- 21st Century Edition; in other words, a book that gave advice on how to exploit the new economy (create your own economy) to prosper (the path to prosperity in a disordered world). The book is not about either of these. What the book is actually about is hard to pin down, however.
If I understand Cowen, creating your own economy is what you can now do in the world of the internet and new technology, where the number, diversity and accesibility of goods and services has sky-rocketed, particularly those goods and services related to the production of information. You can today decide to listen to very select songs on your I-Pod; read only blogs and receive feeds that suit your very unique tastes; and participate in online groups and activities that also satisfy your own individualized, quirky and even eccentric tastes, all at a fantastically reduced cost and ease of access. At the same time you can contribute to this hyper-personal economy by adding goods and services to it via your own input and participation, like by writing book reviews on Amazon.com, I suppose. As far as I understand it, that's what creating your own economy is about.
Second, Cowen envelops his economic point in a broader discussion of autism and its cognitive strengths, suggesting that these strengths are particularly important in this model of economy creation, and advocating for more use and acknowledgement of these strengths, particularly ordering and sequencing of specialized information, as well as a bias toward objectivity over emotionalism. Cowen also states the case that autism is not a separate condition out there from which a few suffer, but rather one point on the scale of what he calls neurodiversity, a scale on which all of us obviously must fall, some finding themselves closer to the autism point, others further.
In the end, you are left with an ambigous feeling about the subject and purpose of the book: should I identify my autistic side and apply it? should I create my own economy more consciously? I admire Mr. Cowen, as I am a fan of his blog. I particularly envy his ability to read so much. I just wish he had goven his work some more structure and tied it all together in a better way. Nevertheless, I gave the book four stars because, despite the detours and jumps, the material is still interesting and Cowen has an easy writing style that makes it quick reading.
Was this review helpful to you?
|