Reviews
The book arrived in terrible condition. It was published last year, but I cannot understand how it was stored or handled for it to arrive looking like a book more than ten years old. A book left on the street would probably be in better shape.
Looking at the big picture of the economy makes you think about the attitude and direction individuals should take.
What does this mean? A key feature of growth models is that they assume a general pace of technological change. In theory, as the number of scientists and experimenters grows, there should be more innovation across a wider range and over a longer period. In practice, that does not happen. Discoveries are often accidental, and much more research and a complex process are needed to turn them into technology, commercialize them, and spread them. Historically, there has often been a large gap
Depending on the patterns and phases of globalization in goods, capital, and systems, the capitalist world system has experienced expansion and prosperity as well as retreat and crisis. Globalization in goods and capital has caused repeated rises and falls in total global production, driven by technological and industrial innovation and short- and long-term economic cycles. By contrast, globalization of systems and economic institutions has generally deepened and prolonged recessions and
Economics is the subject I find most difficult, so I often put off reading books about it. But economics is something we cannot escape, and I think an economic crisis can become another crisis in my own life. It would be wonderful if we could read only entertaining books, but perhaps that is why we read books on a variety of economic topics. Seven Turning Points was especially interesting because it covers economic history from the 1840s onward. It was a great opportunity to learn so much world
Harold James’s Seven Turning Points analyzes major events that shook the global economy over the past 200 years and helps readers consider where it may be headed. It distinguishes “good crises” from “bad crises,” describing each one’s effects in detail. The author, a professor of history and international affairs at Princeton, draws on his expertise to explore economic crises. The book covers events from the Great Irish Famine of the 1840s, the Austrian crisis, and the U.S. Great Depression to
Since I became interested in economics, read related books, and followed the news, I have felt that the current economy is more worrying than ever. During the pandemic, apart from the beginning, I thought things would return to normal—or better—once a vaccine was developed. Now the legacy of quantitative easing to overcome COVID, broken supply chains, and the wars between Russia and Ukraine and between Israel and Hamas make it hard to see even one step ahead. Trump, who wants to turn back the
Harold James: 7 major transformations
Since the COVID-19 pandemic began in 2020, the global economy has struggled to find its footing. Prominent economists’ predictions of a major financial collapse in 2022 proved wrong. Inflation, rising interest rates, and job losses did occur, yet most countries continued to grow. Is this unpredictable economic climate an opportunity or a disaster? Harold James, one of the world’s leading economic historians, suggests using history to try to predict the future. He examines seven major turning points that shook the global economy over the past 200 years, distinguishing “good crises” that helped the world economy from “bad crises” that plunged it into depression, and points toward a way forward. From the recent COVID-19 economic crisis and the global financial crisis after the 2008 subprime mortgage crisis to the 1970s oil shocks and Great Inflation, the Great Depression, and interwar hyperinflation, this broad, intellectual exploration of modern economic history offers a distinctive experience. A major strength is its detailed reconstruction of the views and actions of economists who shaped these turning points. Readers can see how John Maynard Keynes, Friedrich Hayek, and Karl Marx responded to economic crises and what choices political leaders made, helping us avoid repeating the same mistakes.
Korean title: 7번의 대전환
Korean author: 해롤드 제임스
Korean publisher: 21세기북스
ISBN-13: 9791171176090
Reviews
The book arrived in terrible condition. It was published last year, but I cannot understand how it was stored or handled for it to arrive looking like a book more than ten years old. A book left on the street would probably be in better shape.
Looking at the big picture of the economy makes you think about the attitude and direction individuals should take.
What does this mean? A key feature of growth models is that they assume a general pace of technological change. In theory, as the number of scientists and experimenters grows, there should be more innovation across a wider range and over a longer period. In practice, that does not happen. Discoveries are often accidental, and much more research and a complex process are needed to turn them into technology, commercialize them, and spread them. Historically, there has often been a large gap
Depending on the patterns and phases of globalization in goods, capital, and systems, the capitalist world system has experienced expansion and prosperity as well as retreat and crisis. Globalization in goods and capital has caused repeated rises and falls in total global production, driven by technological and industrial innovation and short- and long-term economic cycles. By contrast, globalization of systems and economic institutions has generally deepened and prolonged recessions and
Economics is the subject I find most difficult, so I often put off reading books about it. But economics is something we cannot escape, and I think an economic crisis can become another crisis in my own life. It would be wonderful if we could read only entertaining books, but perhaps that is why we read books on a variety of economic topics. Seven Turning Points was especially interesting because it covers economic history from the 1840s onward. It was a great opportunity to learn so much world
Harold James’s Seven Turning Points analyzes major events that shook the global economy over the past 200 years and helps readers consider where it may be headed. It distinguishes “good crises” from “bad crises,” describing each one’s effects in detail. The author, a professor of history and international affairs at Princeton, draws on his expertise to explore economic crises. The book covers events from the Great Irish Famine of the 1840s, the Austrian crisis, and the U.S. Great Depression to
Since I became interested in economics, read related books, and followed the news, I have felt that the current economy is more worrying than ever. During the pandemic, apart from the beginning, I thought things would return to normal—or better—once a vaccine was developed. Now the legacy of quantitative easing to overcome COVID, broken supply chains, and the wars between Russia and Ukraine and between Israel and Hamas make it hard to see even one step ahead. Trump, who wants to turn back the
