Review: Economics (Great Courses)

Review: Economics (Great Courses)

Economics by Timothy Taylor

My rating: 4 of 5 stars

Economics is one subject that causes me perpetual unease. Everybody cares about the economy, of course, and everybody argues about how it should be structured and managed. Imposing terminology is thrown around, graphs and statistics are wheeled out, and yet the situation always seems quite unclear to me. So I was pleased when Timothy Taylor framed his lectures, not as the gospel truth of economics, but as an introduction to the language of economics. Learning this language is essential if you would like to take part in this endless societal argument.

Considering the restraints of time and of format, I think that Taylor deserves praise for these lectures. In 18 hours, he manages to cover all of the major topics of micro- and macro-economics—supply and demand, price curves, government regulation, fiscal policy, etc.—in an accessible but not overly simplistic style. Further, Taylor is an engaging speaker whose enthusiasm for a potentially dreary subject helps to alleviate the dryness. Someone has got to get excited about interest rates, I suppose.

A major shortcoming of these lectures is that they were recorded in 2005, just before the enormous financial crash. Surely, a new edition is called for. Considering how much time has passed, however, I think that these lectures have held up remarkably well. For the most part, the major disagreements and issues in economics do not seem to have changed very much. Everything is here—healthcare costs, financial crashes, trade wars, deficits—which is probably not a reason to celebrate.

If Taylor can be criticized, I think it should be for inserting too many of his own views into these lectures. Some degree of editorializing is inevitable in any academic course, I think. But Taylor is quite an opinionated guide, and never hesitates to advocate for his pet policies. Admittedly this did make the lectures more interesting at times; but it also undermined Taylor’s insistence that economics is merely a way of thinking rather than a specific doctrine. To the contrary, these lectures contain very specific presumptions about and prescriptions for a successful society (hint: it is all about a free market).

Speaking more generally, it is frustrating for me the degree to which the social sciences inhabit parallel worlds. Not only do anthropology, psychology, and economics study different sorts of phenomena, but they make very different assumptions about human behavior—which often contradict one another. I was acutely aware of this while listening to these lectures, since I was concurrently reading psychologist Daniel Kahneman’s Thinking, Fast and Slow, which argues that the rational agent model of economic actors is fundamentally flawed. Meanwhile, my brother is reading anthropologist David Graebner’s book about the many different (non-capitalist) ways that economic activity has been carried out throughout time and across space.

Compared to psychology and anthropology, economics can seem worrisomely abstract to me—too content to rest its conclusions on untested assumptions and a priori principles. In these lectures, for example, I would have appreciated more case studies of historical examples in lieu of theoretical explanations. This would have illustrated the concepts’ usefulness far more effectively, I think.

But I am drifting off topic. As a painless introduction to economics, these lectures do an admirable job. It is a fascinating discipline with much to teach us. I am glad to have a break for now, though. A dismal science indeed.

View all my reviews

Review: The History of Ancient Egypt

Review: The History of Ancient Egypt
The History of Ancient Egypt

The History of Ancient Egypt by Bob Brier

My rating: 5 of 5 stars

Ancient Egypt, like dinosaur bones and outer space, is one of those things which seem to attract universal curiosity. It certainly did in my case. I remember visiting the Egyptian section in the Met, as a young boy, and marveling over the mummies and the massive sarcophagi, the mysterious hieroglyphs and monumental statues.

There is something curiously foreign, even inhuman, about Egyptian artifacts. For one, they are old beyond anything we are accustomed to think about. To cite one oft-repeated fact, there is more time between construction the Great Pyramid and the life of Julius Caesar, than between Julius Caesar and our own time. Even ancient history seems like yesterday by comparison. Aside from mere time, Egypt’s culture is strikingly unlike our own. God-kings who marry their sisters to keep the blood-line pure, mummified bodies interred in graves full of gold, jackal-headed gods and hieroglyphic script—it is alien indeed.

Yet it is beautiful. Egyptian art is undoubtedly one of the great art traditions in the world—as anyone knows who has examined the bust of Nefertiti in Berlin, the seated scribe in Paris, or the statue of Hatshepsut in New York. It is a unified and coherent aesthetic, permeating everything from the smallest objects to the greatest temples, and lasting for thousands of years with only minor change. Even if it is enchanting, however, the art of Egypt also evokes this sensation of distance. Every image is so stylized, every human form is so rigid and unrealistic, every aesthetic choice pre-determined by tradition, that it is difficult to get a sense of real people behind these objects.

This sense of distance, of foreignness, of mystery, is what makes Egypt so exciting to study. (It is also why people talk about ancient aliens.) And Bob Brier is an ideal guide. I have never loved anything or anyone as much as Brier loves Egypt. This enthusiasm is infectious, and makes his series of lectures a real pleasure. He describes how he climbed into the Bent Pyramid—an early, failed attempt to create a pyramid—and how he traveled to the turquoise mines used by Egyptians themselves. He narrates Napoleon’s conquest of Egypt and explains how the Rosetta Stone was translated. He even describes in detail how to make a mummy—and he should know, since he made one himself.

Apart from these entertaining asides, Brier takes the listener through the whole history of Ancient Egypt, from prehistory to the death of Cleopatra. It is a fascinating story, and Brier is a wonderful storyteller. A lifelong resident of the Bronx, his verbal mannerisms may remind one—pleasantly or unpleasantly—of the man in the White House; yet he knows how to dramatize the relevant details enough to make them effortlessly stick in the memory. His love of a good story does lead him astray, at times. For my part, his two lectures on the Biblical stories, Joseph and Exodus, were somewhat too credulous of their veracity. He is similarly generous when it comes to Herodotus. And his theory of Tutankhamun’s murder has now been disproven.

Aside from these mild criticisms, I should note that the series does show its age. Recorded in 1999, lots has happened in the world of Egyptology since then, notably the advances in DNA and medical technology which allow us to know more about the lives of Egyptians. For example, we now know far more about Tutankhamun’s many physical ailments, and we also know that he was not the son of Nefertiti.

Nevertheless, these lectures remain a wonderful introduction to the times. I cannot emphasize enough how enjoyable they are. They convert you into an Egypt fanatic. Now I want teach myself hieroglyphics and to go to Egypt myself. It must be incredible to see all of this in person. For now, however, I will have to be content with Brier’s virtual tour and whatever museums I can visit.

View all my reviews