How to Understand the Economy

More a bookmark for my own future reference, I think, there's a review here at the New York Review of Books, by Robert Solow, of Duncan Foley's book Adam's Fallacy: A Guide to Economic Theology, a book I've already read. The review itself is interesting, however, for what it has to say about theories of value. Solow for the Nobel Prize in economics for his work on economic growth. He's the author of Growth Theory: An Exposition, which should keep you going through the warm summer nights ahead.

Foley's book is a primer in economics and, as Solow observes, it has its flaws even in that regard. There are more interesting things you could be doing with your time.