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(CBS News)   How did a 700-page book on economics surge to No. 1 on Amazon? Here comes the math   (cbsnews.com) divider line 38
    More: Interesting, Amazon, Thomas Piketty, economics, New York Review of Books, e-books, Lawrence Mishel  
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12327 clicks; posted to Main » on 26 Apr 2014 at 11:46 AM (34 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Funniest)
View Voting Results: Smartest and Funniest

2014-04-26 11:08:34 AM  
6 votes:

BalugaJoe: If economists knew what they were talking about then they would have all of the money.


In the exact same way that physicists can travel faster than light and students of english literature can all write classic novels.
2014-04-26 01:03:03 PM  
4 votes:

DrPainMD: From Wikipedia: "The book has been compared to Marx's Das Kapital, improving his analysis by using modern economic data."

That's all I need to know. If you want to learn economics, start with "Economics in One Lesson" and move on to "The Failure of the New Economics," both by Henry Hazlitt.




If the first book was called Economics in One Lesson, why did he have a second book?
vpb [TotalFark]
2014-04-26 09:43:03 AM  
4 votes:

BalugaJoe: If economists knew what they were talking about then they would have all of the money.


They do.  This one has a bestseller on Amazon.
2014-04-26 12:02:28 PM  
3 votes:
Here's my review of the book

tl:dr
2014-04-26 11:57:04 AM  
3 votes:
"Psychic wins lottery, again!"
-no headline ever
2014-04-26 04:02:53 PM  
2 votes:
TWO COWS ~{Matthias Varga}

SOCIALISM
You have 2 cows.
You give one to your neighbour

COMMUNISM
You have 2 cows.
The State takes both and gives you some milk

FASCISM
You have 2 cows.
The State takes both and sells you some milk

NAZISM
You have 2 cows.
The State takes both and shoots you

BUREAUCRATISM
You have 2 cows.
The State takes both, shoots one, milks the other, and then
throws the milk away

TRADITIONAL CAPITALISM
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy
grows.
You sell them and retire on the income

ROYAL BANK OF SCOTLAND (VENTURE) CAPITALISM
You have two cows.
You sell three of them to your publicly listed company, using letters of credit opened by
your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption
for five cows.
The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company.
The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States , leaving you with nine cows. No balance sheet provided with the release.
The public then buys your bull.

SURREALISM
You have two giraffes.
The government requires you to take harmonica lessons.

AN AMERICAN CORPORATION
You have two cows.
You sell one, and force the other to
produce the milk of four cows.
Later, you hire a consultant to analyse why
the cow has dropped dead.

A GREEK CORPORATION
You have two cows. You borrow lots of euros to build barns, milking sheds, hay stores, feed sheds,
dairies, cold stores, abattoir, cheese unit and packing sheds.
You still only have two cows.

A FRENCH CORPORATION
You have two cows.
You go on strike, organise a riot, and block the roads, because you want three
cows.

A JAPANESE CORPORATION
You have two cows.
You redesign them so they are one-tenth the size of an ordinary cow and produce
twenty times the milk.
You then create a clever cow cartoon image called a Cowkimona and
market it worldwide.

AN ITALIAN CORPORATION
You have two cows,
but you don't know where they are.
You decide to have lunch.

A SWISS CORPORATION
You have 5000 cows. None of them belong to you.
You charge the owners for storing them.

A CHINESE CORPORATION
You have two cows.
You have 300 people milking them.
You claim that you have full employment, and high bovine productivity.
You arrest the newsman who reported the real situation.

AN INDIAN CORPORATION
You have two cows.
You worship them.

A BRITISH CORPORATION
You have two cows.
Both are mad.

AN IRAQI CORPORATION
Everyone thinks you have lots of cows.
You tell them that you have none.
No-one believes you, so they bomb the ** out of you and invade your country.
You still have no cows, but at least you are now a Democracy.

AN AUSTRALIAN CORPORATION
You have two cows.
Business seems pretty good.
You close the office and go for a few beers to celebrate.

A NEW ZEALAND CORPORATION
You have two cows.
The one on the left looks very attractive...


CRONY (American) CAPITALISM: you have two cows. you agree to give free milk for life to your state's Congressman as long as he agrees to look the other way whenever you ask him to. also, he agrees to do you favors that may hurt the community, but will help you. he also agrees to go to bed with you if you are gay. and he agrees to tell you he loves you, even if he does not. he also agrees to tell the community/Nation what an outstanding citizen you are and how much you love America and Freedom.
2014-04-26 01:56:00 PM  
2 votes:

DrPainMD: PreMortem: One has nothing to do with the other. You have to be a psychopath who is willing to screw over your grandmother.

Jerry Seinfeld is worth $800 million. Who did he screw over?

Newman

Yoko Ono is worth $500 million. Who did she screw over?
The Beatles

Stephen King is worth $400 million. Who did he screw over?
Carrie

JK Rowling is worth a billion. Who did she screw over?
Lord Voldemort
2014-04-26 12:56:57 PM  
2 votes:

DrPainMD: That's all I need to know. If you want to learn economics, start with "Economics in One Lesson" and move on to "The Failure of the New Economics," both by Henry Hazlitt.


Reading info on that guy is awesome.  All the names are there.  Hayek! Rand! Friedman! RONPAUL!

Oh, apparently he was chummy with Joe McCarthy.  Wonderful.
2014-04-26 12:54:51 PM  
2 votes:

DrPainMD: PreMortem: One has nothing to do with the other. You have to be a psychopath who is willing to screw over your grandmother.

Jerry Seinfeld is worth $800 million. Who did he screw over?

Yoko Ono is worth $500 million. Who did she screw over?

Stephen King is worth $400 million. Who did he screw over?

JK Rowling is worth a billion. Who did she screw over?


Dumbledore.
2014-04-26 12:37:56 PM  
2 votes:
www.smbc-comics.com
2014-04-26 12:37:28 PM  
2 votes:
Subby: How did a 700-page book on economics surge to No. 1 on Amazon?

Answer: Panicky hyperbole generated by reactionary conservatives that has created a media buzz.
2014-04-26 12:18:26 PM  
2 votes:

BalugaJoe: If economists knew what they were talking about then they would have all of the money.


And the $700 "stimulus" bill from 2009 would have worked.

And it wouldn't have been needed because the economy wouldn't have crashed in the first place.
2014-04-26 12:16:52 PM  
2 votes:
From Wikipedia: "The book has been compared to Marx's Das Kapital, improving his analysis by using modern economic data."

That's all I need to know. If you want to learn economics, start with "Economics in One Lesson" and move on to "The Failure of the New Economics," both by Henry Hazlitt.
2014-04-26 12:10:38 PM  
2 votes:
If you laid all of the economists in the world end to end they would fail to reach a conclusion.

or, something like that
2014-04-26 08:48:04 AM  
2 votes:
Well, if it's about the current economic system, there'll be a lot more rape in it than other books that have topped the Amazon best seller lists, like the Song of Ice and Fire books.  Figurative rape, to be sure, but rape nonetheless.
2014-04-26 04:00:51 PM  
1 votes:

DrPainMD: PreMortem: One has nothing to do with the other. You have to be a psychopath who is willing to screw over your grandmother.

Jerry Seinfeld is worth $800 million. Who did he screw over?

Yoko Ono is worth $500 million. Who did she screw over?

Stephen King is worth $400 million. Who did he screw over?

JK Rowling is worth a billion. Who did she screw over?


As for the last one, Dumbledore.
2014-04-26 03:53:09 PM  
1 votes:

CodeMonkey4Life: BalugaJoe: If economists knew what they were talking about then they would have all of the money.


Read it, it is a deeply researched analysis covering a great deal of history about how capital has always concentrated over time into the possession of a small group of people with mostly inherited wealth.

The usual way to be rich is to be born rich and over time that becomes more ever more true.
Knowing this doesn't help you to be born rich and "have all the money" it only helps you understand the world you live in.



in 'murica, with a very few exceptions, you inherit wealth.    the zuckerbergs are very rare.  if you work for someone else, you will never be wealthy.  hopefully, you'll be payed a decent wage instead of being cornholed so that some rich f*ck can  afford a second 19 year old girlfriend and a second home in Europe.
2014-04-26 03:43:56 PM  
1 votes:
"...despite its huge sales, the book only has 57 reviews on Amazon, which could indicate that people are buying it, but potentially either not cracking the cover or finishing it. By comparison, Michael Lewis' "Flash Boys" -- No. 6 on Amazon's best-seller list -- has already drawn more than 600 reviews on Amazon..."

Which is all that counts to make number one. THAT is economics. But actually read it? Nah.
2014-04-26 03:42:25 PM  
1 votes:

rewind2846: snocone: My book, "Serving The Rich" is not 700 pages long.

Some chapters:
Boiled Rich
Fried Rich
Beer Battered Rich
Butterflyed Rich

Rich Gumbo
Pan-Seared Rich
Rich Salad
Broiled Rich
Rich Flambe'
Rich Soup
Stir-Fried Rich
Rich with a light cream Sauce
Oven-Roasted Rich
Rich Tartare
Baked Rich
Barbequed Rich


/just might get to that 700 pages



or.............you just might get Ideas out to the little people that just might ream your people a new asshole.
2014-04-26 03:38:53 PM  
1 votes:

ForeRight: DrPainMD: PreMortem: One has nothing to do with the other. You have to be a psychopath who is willing to screw over your grandmother.

Yoko Ono is worth $500 million. Who did she screw over?

Music fans.  You may have a point on the other ones.


the vast majority of wealth in 'murica is inherited wealth, dinky.   and they loves them some GOP too.  bush jr himself got rid of the estate tax.  the estate tax's purpose was to prevent an Aristocracy from getting a firm foundation in 'murica.

course. bushie boy knows better.  you can't fool him.
2014-04-26 02:46:16 PM  
1 votes:

snocone: My book, "Serving The Rich" is not 700 pages long.

Some chapters:
Boiled Rich
Fried Rich
Beer Battered Rich
Butterflyed Rich


Rich Gumbo
Pan-Seared Rich
Rich Salad
Broiled Rich
Rich Flambe'
Rich Soup
Stir-Fried Rich
Rich with a light cream Sauce
Oven-Roasted Rich
Rich Tartare
Baked Rich
Barbequed Rich


/just might get to that 700 pages
2014-04-26 02:08:20 PM  
1 votes:
The book looks very boring and French.
2014-04-26 01:51:44 PM  
1 votes:

naris: DrPainMD: And the $700 "stimulus" bill from 2009 would have worked.

A $700 "stimulus" bill isn't going to provide very much stimulus in any case...


$700 would stimulate me all to hell.
Just sayin'.
2014-04-26 01:37:29 PM  
1 votes:
My book, "Serving The Rich" is not 700 pages long.

Some chapters:
Boiled Rich
Fried Rich
Beer Battered Rich
Butterflyed Rich
2014-04-26 01:34:30 PM  
1 votes:

DrPainMD: Darth_Lukecash: DrPainMD: From Wikipedia: "The book has been compared to Marx's Das Kapital, improving his analysis by using modern economic data."

That's all I need to know. If you want to learn economics, start with "Economics in One Lesson" and move on to "The Failure of the New Economics," both by Henry Hazlitt.

If the first book was called Economics in One Lesson, why did he have a second book?

He wrote a bunch of books, most of which you can get for free (epub and/or pdf files). He wrote "Failure" to refute, line by line and page by page, Keynes' "General Theory." Not that he had to... anybody who reads it can tell that Keynes doesn't know what he's talking about. He gives a half-dozen different and contradictory definitions of the term "the marginal efficiency of capital" for Pete's sake. His "liquidity preference" theory of savings goes directly contradictory to the facts it claims to explain. Heck, many of his assumptions contradict his own formal definitions. In Chapter 6 he explains how saving and investing "have been so defined that they are necessarily equal in amount, being, for the community as a whole, merely different aspects of the same thing." (p. 74). He then spends much of the rest of the book talking about how great investing is and how bad saving is.




You know, I can tell you take economics seriously, because you took a one line joke and gave me a paragraph missing the point.

Since you are into economics guy, I figured a chart will help
cyberbrethren.com
2014-04-26 01:31:07 PM  
1 votes:
Economics in 'murica:  where's my goddamned money/stuff and f*ck you!


stay classy and civilized, 'murica.   your future looks bright.
2014-04-26 01:14:53 PM  
1 votes:
Kinetic King:
he 'greed is good' mentality has gotten to them and they went Galt on society by deciding that stocking their wine cellar is more important than having a child.  If the meme ever gets out that cutting back on kids is the only real way to hit back on the plutocrats, expect long lines outside of Planned Parenthood clinics.  And I doubt that the plutocrats will ever take away all our birth control without risking a revolution--and remember that women are ...Either way, I think this is going to make for a massive demographic upheaval in the long run, say in a generation or two...


Could you speed things up here a bit?  I'm not getting any younger, and I would really like to see some kind of Hunger Games/Running Man mashup, with 1% ers as the contestants.
2014-04-26 01:11:05 PM  
1 votes:

jake_lex: Well, if it's about the current economic system, there'll be a lot more rape in it than other books that have topped the Amazon best seller lists, like the Song of Ice and Fire books.  Figurative rape, to be sure, but rape nonetheless.


Still a better love story than twilight
2014-04-26 12:44:08 PM  
1 votes:

DrPainMD: PreMortem: One has nothing to do with the other. You have to be a psychopath who is willing to screw over your grandmother.

Yoko Ono is worth $500 million. Who did she screw over?


Music fans.  You may have a point on the other ones.
2014-04-26 12:43:54 PM  
1 votes:

DrPainMD: PreMortem: One has nothing to do with the other. You have to be a psychopath who is willing to screw over your grandmother.

Jerry Seinfeld is worth $800 million. Who did he screw over?

Yoko Ono is worth $500 million. Who did she screw over?

Stephen King is worth $400 million. Who did he screw over?

JK Rowling is worth a billion. Who did she screw over?


One of those things is not like the others.
2014-04-26 12:42:51 PM  
1 votes:
Holy crap, has anyone looked at all the right-wing 1-star reviews on amazon for this book?
Not even having a verified purchase. :)

Also, see this:
Krugman's the Picketty Panic

Krugman, you genius.

Piketty Panic.
Picketty Panic.

Say it with me.
Piketty Panic.

So when the right-wing gets their panties in a bunch it'll be a Pilketty Panic. :)
2014-04-26 12:36:40 PM  
1 votes:

DrPainMD: BalugaJoe: If economists knew what they were talking about then they would have all of the money.

And the $700 "stimulus" bill from 2009 would have worked.

And it wouldn't have been needed because the economy wouldn't have crashed in the first place.



$700 is barely enough to buy the sign telling me about the project paid for with stimulus funds.
2014-04-26 12:31:14 PM  
1 votes:

Tigger: BalugaJoe: If economists knew what they were talking about then they would have all of the money.

In the exact same way that physicists can travel faster than light and students of english literature can all write classic novels.


Only after they bring me a latte.
2014-04-26 12:24:09 PM  
1 votes:
The economy is like the weather: I generally dislike it except for a brief period every fall, like mid-September to late October.

I have no idea what I'm talking about. Wasted last night, still recovering.
2014-04-26 12:23:22 PM  
1 votes:

DrPainMD: From Wikipedia: "The book has been compared to Marx's Das Kapital, improving his analysis by using modern economic data."

That's all I need to know. If you want to learn economics, start with "Economics in One Lesson" and move on to "The Failure of the New Economics," both by Henry Hazlitt.


Considering I have you favorited as "economic moron http://www.fark.com/comments/8128743", I'm sure those books are complete trash. I'll give them a look over though, to see where people get crackpot theories.
2014-04-26 12:14:17 PM  
1 votes:

Sudo_Make_Me_A_Sandwich: It's books like these that make me love my kindle. I can read a 700 page book without the hassle of lugging around a 700 page book. Of course, I guess everyone doesn't get to see how deep and serious I am reading my huge book on economics.

/off to Amazon to pick it up


Grab an obsolete computer book, and print off a "new" cover.
2014-04-26 12:12:08 PM  
1 votes:

SDRR: If you laid all of the economists in the world end to end they would fail to reach a conclusion.

or, something like that


If you laid all the capital in the world in a line, people would steal lots of it.
2014-04-26 09:02:54 AM  
1 votes:
If economists knew what they were talking about then they would have all of the money.
 
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