Monday, September 10, 2007

The Age of Uncertainty

Once in a while everyone tends to have the good fortune to find a great book in the library; once in a while everyone has the good sense to retain this book at the expense of others given the limit on borrowings and once in a while everyone keeps themselves keyed up and reads the book word to word without losing interest even once.

Such a book is "The Age of Uncertainty" by John Kenneth Galbraith, economist and ex-USA ambassador to India.

This book is ideal for someone who is interested in a historical narration of the development of economic thought process. In this context Sharath Rao immediately comes to mind. The book provides an unbiased narrative, shows an understanding of the times that the theorists lived; and also touches upon the geographical aspects of the places where the theorists grew up in.

Adam Smith, Karl Marx, lenin, colonialism, the history of money are some of the topics touched upon. Beautifully written; engrossing, a must read for students of economics, history and economic-history/historical-economics.

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