Comments on: ????????????? ??????: Crash Course? ??????? ???????? ?? ?????? “?

By: Keith Chuang

Keith Chuang — Tue, 07 Sep 2010 15:20:27 +0000

I like the book and another ECO 101 for me to review since college. That’s why you need to go to school and pay more attention to the professors!
Rating: 3 / 5

By: Stephen T. Hopkins

Stephen T. Hopkins — Tue, 07 Sep 2010 14:59:54 +0000

Nouriel Roubini provides at least two important perspectives for readers of his book, Crisis Economics. First, he provides a context from the 19th and 20th centuries for understanding financial markets, and especially the ways in which bankers and governments deal with markets. Second, he uses that context to explain the recent financial crisis in terms that are easily understood, and prescribes ways of using the crisis to make key changes in regulation and in behavior.

Rating: Four-star (Highly Recommended)

Rating: 4 / 5

By: Steve

Steve — Tue, 07 Sep 2010 13:18:21 +0000

If you normally are apprehensive about reading a book written by academics, this effort will reinforce that fear. There is nothing important or enlightening in this book. The penultimate paragraph on page 301 sums it up: “making free markets function better. . . requires more, not less, government. ” Just what you would expect from professors who don’t work in the free market, create jobs or create wealth. Read something else. Don’t waste your time with this book.
Rating: 2 / 5

By: californiacrisis

californiacrisis — Tue, 07 Sep 2010 12:00:31 +0000

?????,?? ???????,?? ?? ?? ? ???????????? Ci.Nie ???????? ?????????? ????????? ?? ????????? wnych ????????? ?,? ? ?,?? 50???? ???????? ??????????????? ????????? tional. ? ??????? E ?????? ??????? ???????? ? ?????? ??????? ? ???????????? ? ?? ????????????? ? ??????? -? ? ?????????????? D? ???????????? ?????, ????????????? ? ????????????. ?????? ???????? ??????? ????????? Adem.Woli??? Le? ?????????????? ???????,?? ???????? ??????? ?? E S? ?? ???????? ?????????. ????? ? ????????? ? ????????? ??????? U? ???????????? ? ???????? ?????? ????????????????. ???????: 1 / 5

By: Aubrey

Aubrey — Tue, 07 Sep 2010 09:14:23 +0000

I read the intro, part of the first chapter, and part of the conclusion. I just don’t know what to think. Perhaps Mr. Roubini let the reporter write the book and signed off after several cocktails.

It is a simplistic, political view of the crisis, and the history of such crises. Useless. I was expecting something really good and sit here utterly disappointed.

The author (whoever he is) gives only passing credit to Nassim Taleb while dismissing much of what he said, in order to assert that these things are indeed predictable and preventable, and he has some recommendations, involving government, of course.

Taleb is a lot of fun. He presents intellectual and other (even moral!) challenges on every page. Like him or hate him, agree or disagree, you don’t catch him touting his own omniscience and making unsupported assertions. You learn useful things and come away thinking hard.

This book falls victim to something Taleb describes extensively, what he calls the “Narrative Fallacy. ” It’s easy, you just look back at history, string a few facts together and create a story leading to the seemingly inevitable outcome. Then you quote people you don’t like saying things that appear stupid in light of the obvious outcome that follows their statement.

Taleb says the Black Swan has 3 characteristics: rarity, extreme impact, and retrospective (but not prospective) predictability. The author of this disappointing book falls right into this trap as well, touting these events as utterly predictable (gee, its so obvious to me!) without addressing the evidence of the overwhelming failure of the world’s great minds to see it coming. Well, except the very greatest mind, of course. . . his.

He got one right. A stopped clock gets two right every day. If he has substance beyond this to offer, he should have offered it.
Rating: 1 / 5