Hidden motives and undiscovered economics of everyday life. Intriguing subtitle isn’t it? But it’s the way the authors discover what motivates people to do things , via field experiments. To see what works if you want to motivate people to behave a certain way.
It seems logical to try stuff out and see what works and what not. But for economy it’s always been more about reasoning and building mathematical stuff to see if it holds up. And changing some parameters and checking what this does with the outcome.
This book is about real world field experiments with control groups. It’s the just trying and seeing what works. It’s about stimulating behavior which is good for people by means of rewards.
Apart from the rewards , it’s also about who you need to motivate and seeing what else is necessary , how to formulate the proposition for instance.
The book covers experiments with discrimination, education, crime and so on. It’s easy to read and understandable for everyone. It’s a book you can read if you don’t want to read a thriller or a heavy scientific book.
It’s nicely sets the argument for more field experiments to really see what happens in real life and what works and what not. In stead of just reasoning everything to the last comma. This goes for everyone, just experiment and do stuff.
It’s done , read all 1114 pages. Which sounds harder than it is. Piketty, in writing Capital & Ideology has made a very readable , clear and very well laid out book. It doesn’t get complicated or hard to grasp. It very clearly lays out the history of capital and the inequality that comes with it, with the political landscape as the binding factor.
It shows that all inequality boils down to political choices. The book doesn’t give any one way solutions but rather a frame for further discussions and thinking. On how to make the world a more balanced place.
It takes the wind out of the individualist views and market based thinking as a means to end all problems. I am not giving a short summary on the book bur encourage everyone to read it. Take your time , it’s not complicated but you will need time to process and think about the subjects.
This book should be standard in any economics , history or sociology class. Lately a few very important books have been released on the problems surrounding the economy inequality and the environmental issues of our time. This book puts a lot of that in a historical context.
An absolute must read, food for thought and thinking.
This is one of those books I am not going to indulge in giving away some parts or examples of the books greatness. So no subjects , conclusions of problems discussed in the book. Not doing it. Which makes this a bit hard. Here I go.
What I am saying is anyone with just a slight interest in the reasons for the current state of the world should absolutely read this book. Especially if you have some affinity with economics. But the good news is, it’s not about economics. It’s about assumptions , which we all know are…. , anyway these assumptions have been drafted into policy. And these policies have inflicted permanent damage and made the problems they were designed too solve much worse.
The book touches on most of the main problems of our time , and all is explained in a clear and very understandable way. Without cutting corners in it’s due diligence.
It’s pretty remarkable how long some of these assumptions on social structures, money, taxes , income , human values have come back over a long period of time. While most of these assumptions were proven to be wrong or have changed over time. Nevertheless most measures to counter the problems have been intensified because there is nog change in our assumptions. Which made the problems even worse , and a downward spiral. Nobody thought about checking if what we were doing was in fact pointless.
Maybe I am being a bit cryptic in my review of this book. But hopefully you get some direction on what the book is about.
And forget what I said about it being interesting for people which want to know about why we are in a world we are in. This book should be mandatory for everyone. It should be mandatory in all schools , universities what have you.
It teaches a very valuable lesson , a problem can never be solved with just one field of expertise, not even when it’s the dominant field. It’s very much a necessity to counter our current problems with multidisciplinair teams , creativity and looking at the problem from different perspectives.
We can only solve our problems together, no-one can do it alone.