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Why Economies Rise or Fall
- Narrated by: Peter Rodriguez
- Length: 12 hrs and 11 mins
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Why Economies Rise or Fall
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Summary
How can a nation create the conditions for economic growth and prosperity? And what, once these conditions are achieved, can it do to sustain this progress? Discover the answers (which may surprise you) in these 24 lectures that guide you through a stimulating and, above all, accessible examination of what economists know and don't know about the elusive search for economic prosperity.
Here, you'll learn how countries as widely different as the United States and Vietnam have grown their economies; how countries like China and India were able to recover from economic reverses; and, most important, why the critical test of any economic policy is its ability to productively alter human behavior for everyone's ultimate benefit. By looking at economic growth as the result of incentivizing such productive behavior - "making productivity more profitable than all the alternatives" - Professor Rodriguez clears up an often-shrouded economic landscape. The result is a lecture series that brings the economic strategies chosen by nations down to street level by adding a newfound clarity to key issues: Why economies succeed or fail; how economic bubbles are created, why they burst, and how nations recover from them; the challenges posed by globalization; and more.
By the end of the last lecture, you'll understand as never before both the benefits granted and the costs extracted by the "instant economy" that technology and globalization have brought us. You'll grasp what China's expected economic dominance may soon mean. And you'll have a new appreciation of the juggling act policymakers perform as they try to heed history's latest lesson in achieving national growth and maximum human happiness.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
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What listeners say about Why Economies Rise or Fall
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Nick
- 22-07-18
Like a riveting novel
(Or as close as evidence-based economic theory ever can be to a riveting novel)
In terms of narrative, this is the best Great Course series I’ve ever listened to, and is certainly the best economics audiobook, or book for that matter, I’ve ever listened. It’s shockingly accessible, very balanced while still have an opinion, and feels like a novel in the way that you think Rodriguez is going one way, and then the next chapter he throws a spanner in the works that forces you to question everything that came before. Wonderful!
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5 people found this helpful
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Overall4 out of 5 stars
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Performance4 out of 5 stars
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Story4 out of 5 stars
- Balor of the Evil Eye
- 20-07-15
Well presented by a confident expert
An interesting course, with an easy to listen to academic, who is obviously comfortable with the subject matter.
Rodriguez provides clear descriptions of various countries' economic fortunes, concentrating primarily on America, Japan, Europe, China and India, with extensive notes on South America and Africa, as well as Australia.
He ably charts the ascent of different countries' economies, their unique attributes, approaches and political personalites, as well as the factors that have contributed to economic stagnation, crashes and depressions.
Not to be mistaken as a prescriptive guide to good economic planning, however - by the end of the course, the listener should understand that economics is not, as Rodriguez says, a science, but only 'science-ish'; a discipline whose theories cannot be tested prior to their being unleashed on a world that suffers the consequences, both good and bad.
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3 people found this helpful
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Overall3 out of 5 stars
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Performance3 out of 5 stars
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Story3 out of 5 stars
- Samson
- 06-08-20
Very practical ideas, but flawed analysis
One of the challenges I have with this analysis of factors responsible for growth, is the absolute refusal to mention the word SLAVERY. The author talks about and agricultural revolution and only mentions crop rotation and new farming methods as being responsible. The author talks about Africa and India not pulling their weight in terms of economic growth for a period of 100 years, but this was a time, some European despotic monarch treated the largest country in Africa as his personal property. I patiently listened to the entire book and there are some useful theories and compromises to be made for achieving growth, but this author denies or does not acknowledge the role of extraction of labour and resources that the West benefited from without paying market rates at best or simply taking by force gave some form of advantage to the Western economies. You can argue that all of these happened 100 years ago at least, but there are long lasting impacts. When a former colonial master leaves only 5 University graduates in the Civil service of a whole country and departs overnight, while destroying the Civil service that could have been the basis for building the newly independent country's systems, what do you expect to happen to that country? I know of shady mining companies that are holding West African countries ransom because of deals done with past governments and refusing to allow the new governments chart a new course despite having huge amounts of natural resources. Things need to be put in context, you can't simply analyze the outward growth, without contrasting it with the systems under which they operate or their history.
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Overall1 out of 5 stars
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Performance1 out of 5 stars
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Story1 out of 5 stars
- AD99
- 01-11-23
Superficial waffle
About as insightful as a USA Today headline. A near total waste of time. Truly.
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Overall1 out of 5 stars
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- Vetrina
- 02-01-21
Too USA centric.
Clearly these lectures are being given in the USA with an audience of US Americans. For us non-USA folks it can be hard to listen to when it focusses so much on 'our country" (patriotic USA) and also portrays very US views (e.g on other economies like Russia or China, but even on European affairs you have the strong USA biased views)
Lectures are very simple, they may be suitable for first year university but I compare them to my UK AS or A1 level economics education aged 16/17.
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