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Economix: How Our Economy Works (and Doesn't Work), in Words and Pictures, by Michael Goodwin, David Bach, Joel Bakan
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Stimulus plans: good or bad? Free markets: How free are they? Jobs: Can we afford them? Occupy Wall Street . . . worldwide!
Everybody's talking about the economy, but how can we, the people, understand what Wall Street or Washington knows--or say they know? Read Economix.
With clear, witty writing and quirky, accessible art, this important and timely graphic novel transforms "the dismal science" of economics into a fun, fact-filled story about human nature and our attempts to make the most of what we've got . . . and sometimes what our neighbors have got. Economix explains it all, from the beginning of Western economic thought, to markets free and otherwise, to economic failures, successes, limitations, and future possibilities. It's the essential, accessible guide to understanding the economy and economic practices. A must-read for every citizen and every voter.
PRAISE FOR ECONOMIX
"Economix is a lively, cheerfully opinionated romp through the historical and intellectual foundations of our current economy and our current economic problems. Goodwin has a knack for distilling complex ideas and events in ways that invite the reader to follow the big picture without losing track of what actually happened. Any reader wondering how our economy got to where it is today will find this a refreshing overview." --Timothy W. Guinnane, Philip Golden Bartlett Professor of Economic History, Yale University
"[Economix] brings a lively visual sensibility to this intensely abstruse subject matter without condescending to the reader or dumbing the ideas down." --MotherJones.com
"This witty and elegant volume takes on a number of complex issues--in this case, economics, history and finance--and makes them comprehensible for mere mortals." --Miami Herald
"It's simply phenomenal. You could read ten books on the subject and not glean as much information." -- David Bach founder of FinishRich Media; author of nine New York Times bestsellers, including Debt Free for Life and The Automatic Millionaire
"Goodwin has done the seemingly impossible--he has made economics comprehensible and funny."--Joel Bakan, author of The Corporation: The Pathological Pursuit of Profit and Power
"An amazing lesson in true-world economics! Delightfully presented, powerful, insightful, and important information! What a fun way to fathom a deep and often dark subject!" --John Perkins, author of Hoodwinked and the New York Times bestseller Confessions of an Economic Hit Man
"Smart, insightful, clear, and as close to the truth as economics can get. The bonus: Who would have guessed that economics could be fun, and--here's the joy--really accessible? Goodwin roots us in history and fills us with common sense understanding. As he puts it early on, economics seems horribly complicated mostly because we're looking at it all at once. Broken down into its component pieces, it's relatively easy to understand. And a good understanding of economics is critical to maneuvering in the world today. If I were compiling a list of the 100 most important books you can read in a lifetime, this would be on it." --Stephen Petranek, editor-in-chief, Weider History magazines, former editor-in-chief of Discover magazine
"Through a potent mix of comics and punchy, concise, accessible prose, Goodwin takes us on a provocative, exhaustively researched, and exceedingly engaging trip through our history and present day, creating an alternately hilarious and scary picture of where we are today as an economy-- and what it all means. More than that, Goodwin makes the arcane, understandable. If your mind either spins or slumbers at the thought of economics, read Goodwin's Economix and all will become clear. --Nomi Prins, author of It Takes a Pillage: An Epic Tale of Power, Deceit, and Untold Trillions
- Sales Rank: #46623 in Books
- Published on: 2012-09-01
- Original language: English
- Number of items: 1
- Dimensions: 9.25" h x .75" w x 6.50" l, 1.59 pounds
- Binding: Paperback
- 304 pages
Review
"I just cannot stress enough how amazing this book is!" --James Floyd Kelly, Wired.com
"Dan E. Burr's appealing illustrations add punch, humor, and clarity to Goodwin's already-excellent storytelling skills. . . . Light switches flicked on in my mind every few pages or so, and after reading Economix I felt like I understood many fundamental aspects about the way the world works. . . . Economix is a book I'm going to buy and give to people."--Mark Frauenfelder, BoingBoing
"Michael Goodwin hasn't just written a great graphic novel -- he's written one that should be required for every school, newsroom and library in the United States." --Andrew Smith, Scripps-Howard News Service
"Economix eliminates stupidity in the face of economics-speak. . . . You'll come away from Economix with a slew of newly understood concepts, from mixed economy to stagflation, but the most important thing you'll come away with is a newfound confidence in your ability to understand how the economic world works for and often against us. --Bob Duggan, BigThink.com
"Goodwin brilliantly contextualizes economic theories with historical narrative, while Burr's simple but elegant illustration employs classical techniques like caricaturing politicians and symbolizing big businesses (as a gleeful factory) to help the reader visualize difficult concepts. If the book has a prime message, it's that the economy is quite understandable and when things go wrong, the effort and thinking of a whole society must be applied to bring everything back into line." --Publisher's Weekly (starred review)
About the Author
Michael Goodwin is a writer and editor with a degree in Chinese studies. He has lived in China, India, and now New York City. Dan E. Burr illustrated the classic graphic novel Kings in Disguise. He lives in Milwaukee.
Most helpful customer reviews
38 of 46 people found the following review helpful.
Disappointed by the snarkiness, but otherwise, it's very good.
By Edvard Odessia
UPDATE 5/20/14: The Law of Supply and Demand wins out. I can't find a better primer on economics for students (or anyone), so I must live with the single aspect of the book I dislike. I have raised my rating from one star to four. I still hope that for the second edition, the authors will reconsider their needless criticism of gun owners, et al.
EARLIER REVIEW: The author takes unnecessary potshots at too many people and ends up shooting himself in the foot, as far as I'm concerned. I was excited about reading this book and sharing it with my teenagers until the author started belittling conservatives in general. Attacking bad ideas and dumb individuals--specific ideas and specific individuals--is fine with me, but attacking huge swaths of people solely because they own guns or belong to the Republican Party is no smarter than insulting a whole race or religion because you dislike one characteristic of some of its members. Take the high road instead, and make a logical argument against that characteristic. It's the people at whom you are sneering that you most need to convince.
The primary means the government uses to control us isn't secrecy; it's our disdain for each other. It's so easy to trigger that disdain and make people support a bad policy, if it appears to be sticking it to our (apparent) political enemies. If the author revises the book and deletes the mudslinging, I'll buy that version and recommend it to others. The current version has left a bad taste in my mouth.
23 of 28 people found the following review helpful.
Much needed, mixed results
By Paul O'Connor
The author's concept, communicating basic economic theory through a graphic novel is very interesting and creative. It must have been terribly difficult to achieve such a good result in so few pages.
The odd thing about the book is that you whiz from Adam Smith to the 1950's in about 1/2 of the book and then you hit an increasingly political diatribe and the deft talent that the author showed in the first half of the book for quickly describing complicated and difficult topics starts to disappear, replaced by an increasingly tone-deaf one-sided one-size-fits-all philosophy. This is too bad as the author does a VERY nice job of laying out his arguments and would have been considerably more convincing if he had come across as a teacher who has lots of disturbing questions about the official line instead of as a person who knows everything.
In spite of the disappointment at the end, the book earns 4 stars from me for two reasons:
- The first part of the book is solid gold and should be required reading for every high school student
- The author admited that he was going over the edge before he got too far into his arguments. This kind of self-awareness is rare in textbook authors and I encourage more to emulate the author's confidence and sense of humor
22 of 27 people found the following review helpful.
A Strong Foundation in Economics!
By Nate Weida
What an incredible way to learn about the history of economics. I was skeptical as I began to tiptoe into this book, already thinking I was a lost cause as it related to understanding how money, business, and government worked. But, Economix makes its subject fascinating and understandable. Goodwin somehow makes our history clear and often hilarious, although it's justifiably a tragic humor.
This book has given me clearer understanding of market crashes, communism, the New Deal, laissez-faire, etc. The collaboration between Goodwin and his illustrator, Burr, is solid.
Goodwin expresses his wish for the book to be a foundation for people learning about economics and I can't imagine a stronger one.
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