Eat the Rich: A Treatise on Economics by P.J. O'Rourke

Author:P.J. O'Rourke [O'Rourke, P.J.]
Language: eng
Format: epub, mobi
Tags: Non-Fiction, Business, Humour, Philosophy, Politics, History
ISBN: 9780871137609
Amazon: 0871137607
Goodreads: 815995
Publisher: Atlantic Monthly Press
Published: 1993-12-31T23:00:00+00:00

I subjected myself to a large dose of economic theory because I’d finally realized that money was as important as love or death. I thought I would learn all about money. But money turns out to be strange, insubstantial, and practically impossible to define. Then I began to understand that economic theory was really about value. But value is something that’s personal and relative, and changes all the time. Money can’t be valued. And value can’t be priced. I should never have worried that I didn’t know what I was talking about. Economics is an entire scientific discipline of not knowing what you’re talking about.

Trying to observe economic practice showed me that I needed to learn some economic principles, and trying to examine economic principles showed me that I’d better look at the practice again.

If I was going to continue trying to understand economics, I had to go back to reality—a remarkable example of which is Russia. In contemporary Russia, there are all kinds of economics, good and bad, capitalist and socialist. The economic activity is being conducted under conditions of anarchistic freedom and totalitarian restraint. The people who make the laws have too much power, and yet no power seems able to stem the lawlessness. Russia, as a case study, is wonderful. Unless, of course, you’re a Russian.

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