« Philly is great | Main | Go See Espers!!! »
September 22, 2004
How I Learned to Stop Worrying and Love Economics
(Disclaimer: The book we're about to talk about isn't hip at all and is in no way affiliated with anybody who has ever written for McSweeney's. Continue reading at your own peril.)
A few years ago, a Peruvian economist named Hernando De Soto wrote a book called The Mystery of Capital, in which he set out to answer the question of why capitalism has only worked in Western nations. In so doing, he and a team of researchers went to several developing and former communist nations and conducted an extensive survey of the extralegal assets of those nations' poorest residents.
While his results were fascinating (and surprising), what we found most impressive about the work was that, whenever De Soto appeared to lapse into either neo-liberal free-market tropes or
eurocentric orientalism, he would almost always find a third way which reflected both scholarly cunning and striking compassion.
Seriously. We can't possibly recommend this book enough. The ideas contained therein are positively electric, and they represent what might be the best chance of ending global poverty. Seriously. This is genuine Nobel material.
A whole lot of De Soto info (including the first chapter of Mystery) can be found here (at PolicyLibrary).
Posted by matt at September 22, 2004 10:19 AM
Trackback Pings
TrackBack URL for this entry:
http://www.greenideasblog.com/movabletype/mt-tb.cgi/289
Comments
You're alive! Also, happy birthday. 25. Intense. P.S. why is the picture from your post dripping down the page into the Eagles text? That is some interesting interweb magic. Only one book we've ever featured is McSwy's related, btw.
Posted by: Kevin at September 22, 2004 10:27 AM
I am, indeed, alive. As far as the interweb magic, TypePad goofed around with the defaults for images *and I forgot all about it*.
As for the McSwy's thing, I knew that. I was just kind of making a hu-mor joke.
Posted by: matt at September 22, 2004 10:40 AM
Hu-mor jokes? On the computer machine? Impossible. P.S. on the Espers thing- the lead guy from Mazarin, Quentin Stoltzfus, played 'tone generator' on that record. Nice work, if you can get it.
Posted by: Kevin at September 22, 2004 12:07 PM
Hi-lo.
I'm a big-time pretentious artsy hep cat. In fact, I'm so hip I don't even use the word. I use euphemisms like hep and happ'nin to describe my hip-ositude regularly. That’s right. I’m so huffin’ halliburton that I wouldn’t bother owning ol’Timbo McSweeney’s rag, because D-rad Eggers isn’t hip, he’s HYPE.
I subscribe to magazines that are out of print after 2 issues. I have for years. And I listen exclusively to music by bands you'll never hear of before they’ve mastered their first albums. I fought a trucker for his hat once when I was 11 years old, wore it for the one week in the late 80's when that hipster fad was cool and then sold it to Pharell Williams for $15K and a ham sandwich on rye toast sliced diagonally. No crust.
Nevertheless, I thoroughly appreciate “The Mystery of Capital,” and would further recommend “The Other Path,” De Soto’s application of ethical capitalism to the problem of terrorism in his native Peru.
K
Posted by: Karrer at September 23, 2004 02:07 AM
Wow, that was super-fucking-weird. But almost eerily accurate in its sarcastic depiction of hipsterism- Karrer, what, do you write for Vice magazine? Thanks for that extremely pointless comment.
Posted by: Kevin at September 23, 2004 11:36 AM
whoa, kev. where'd that come from? you know i think you're pretty when you're vitriolic, but i've still got to wonder where those fangs came from.
Posted by: matt at September 23, 2004 08:53 PM
The point dear Kevin, is that although I blundered into the immanently "serious" business of this blogging at 2am, I thought you and the rest of the greenideas tribe might seriously be interested in DeSoto's other published work or perhaps in the work or George Soros, Jagdish Baghwati, Joseph Stiglitz, and Paul Krugman, some of my favorite pop-econ writers.
Although I am a lit guy at heart, and despite my objections to the volume of praise Egger's has received for his "Heartbreaking Work" (based on "You Shall Know Our Velocity" he has an even longer way to go as a novelist), I have somehow managed to appreciate the McSweeny's project as well as the work going on at De Soto's Institute for Liberty and Democracy, all while despising the uberhip.
Anyway, I was suprised to find other people actually read books like "The Mystery of Capital," and even if you struggle with sarcasm and think that all blogging is not a completely frivolous activity, your literacy surprises. I commend you.
K
Posted by: Karrer at September 24, 2004 06:24 PM
as the author of this post, but not the meanie behind the meanness, i accept all that is complimentary about the preceding comment, and remain delightfully unfazed by anything that's, you know, not. i fucking rule.
Posted by: matt at September 24, 2004 06:45 PM
(xpost) No, Kerrar, you're right. That was my bad. Didn't meant to snap. It was one of those 14 hour work days. Becoming more and more common lately. Apologies.
Posted by: Kevin at September 26, 2004 10:45 PM
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)