Talking to my daughter about the economy
A Brief History of Capitalism
As a social science major undergrad, I scrutinized capitalism in terms of social impacts of a free market, the widening inequality, the conflicts of classes, or more on the consequences/impacts side of the system in short, without an insight into the mechanism (how it work) of this economic system.
Honestly, I was sometimes frustrated not being able to visualize the overall picture of how money flows from one end to the other and the reason/motivation behind interactions between each stakeholder. It came to the point that I covertly asked my friends to explain as if they were talking about capitalism to an elementary. Finally, I found Talking to My Daughter, and it did it just well.
This book is relatively succinct while covering the macro-picture of the capitalism from how money was invented as the mean to accommodate the need of an intermediary good, to how it was swiftly seen as an end (an ultimate goal), to how greedy some exploit it on false dreams, to how Bitcoin once comes as a promising solution to the effort of depoliticizing money business.
I found my heart jumping in excitement whenever each economic concept I once found nothing but tedious “money” things becomes more like a story of how it starts and ends. The first thing that popped up in my mind after this book is my sister, whose uni major happens to be on economics. I think she would find it interesting too.
One point, though...This book is probably not for “experts” seeking in-depth discussions on a specific related topic.
October 14, 2020 at 3:00:00 PM
finance, economics, business
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