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Books

New and noteworthy books in economics (February)

Posted by e-axes on February 22, 2018

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The Moral Economists
Author: Tim Rogan – Cambridge University

Tim Rogan focuses on three of the twentieth century’s most influential critics of capitalism—R. H. Tawney, Karl Polanyi, and E. P. Thompson. Making arguments about the relationships between economics and ethics in modernity, their works commanded wide readerships, shaped research agendas, and influenced public opinion. Rejecting the social philosophy of laissez-faire but fearing authoritarianism, these writers sought out forms of social solidarity closer than individualism admitted but freer than collectivism allowed.

The Moral Economists provides an original and provocative interpretation of the political thought of R. H. Tawney, Karl Polanyi, and E. P. Thompson. Rogan gives a close and illuminating reading of key texts by these authors, uncovers forgotten intellectual connections that link them together, and reveals a distinctive lineage of social criticism that deserves to be widely discussed. This is a highly impressive, thought-provoking, and timely work.
Ben Jackson, University of Oxford

The Case against Education – Why the Education System Is a Waste of Time and Money
Author: Bryan Caplan – George Mason University

Despite being immensely popular–and immensely lucrative—education is grossly overrated. In this explosive book, Bryan Caplan argues that the primary function of education is not to enhance students’ skill but to certify their intelligence, work ethic, and conformity—in other words, to signal the qualities of a good employee.

The Case against Education is a riveting book. Caplan, the foremost whistle-blower in the academy, argues persuasively that learning about completely arbitrary subjects is attractive to employers because it signals students’ intelligence, work ethic, desire to please, and conformity–even when such learning conveys no cognitive advantage or increase in human capital.”
Stephen J. Ceci, Cornell University

The Tyranny of Metrics
Author: Jerry Z. Muller – Catholic University of America

Filled with examples from education, medicine, business and finance, government, the police and military, and philanthropy and foreign aid, this brief and accessible book explains why the seemingly irresistible pressure to quantify performance distorts and distracts, whether by encouraging “gaming the stats” or “teaching to the test.” That’s because what can and does get measured is not always worth measuring, may not be what we really want to know, and may draw effort away from the things we care about.

In this clear and compelling book, Jerry Muller shows how our attempts to improve organizational outcomes through quantitative measures have metastasized into a culture of gaming and manipulation. Through carefully researched case studies on education, healthcare, and compensation, The Tyranny of Metrics makes a convincing case that we need to restore judgment and ethical considerations at a time when shallow quantification threatens the integrity of our most important institutions.
Rakesh Khurana, Harvard Business School

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New and Noteworthy Books in Economics (September)

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New and Noteworthy Books in Economics (August)

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New and Noteworthy Books in Economics (July)

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