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International trading - Book Report/Review Example

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The contemporary economic writing period, characterized by division into the strict exploit of professional journals on one hand, and the trivial business newspapers and magazines on the other hand, makes economists and other readers long for a book devoid of either extreme…
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International trading
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International trading

Download file to see previous pages... However, we all agree that few authors will produce magnificent work that lacks any flaw. The book is reasonably a superb and magnificent book, while it has some flaws. The book represents astonishing research carried by an invigorating intellectual mind on top of an inadequate partisanship and a weak supportive hypothesis.
Overall, the book looks like a prolonged defense of the theory that a steady growth in the economy is advancement to greater opportunities, is a dedication to democracy and promotes tolerance in diversity, it enhances social mobility, and finally it is a commitment to enhancing fairness.1 The defense to this theory is spectacular. Not only does the book use economic and political history literatures in its defense, the book also uses literature from popular cultures to defend the hypothesis. Freidman’s book advances the principle of “moral consequences” in economics. However, as the book progresses, it becomes more difficult for the reader to make sense of the meaning of the phrase. In effect, this becomes the largest problem in the book. Incidentally, the character and significance of the independent variable based on Friedman’s equation becomes more elusive when the author shifts, without any justification whatsoever, from the concept of moral progress to a rather narrow-minded concept of political morality. Considering that the author fails to justify the shift and broadly enlighten the reader more on this concept, the reader has no other option but wonder whether the examples the author used merits proving this concept or are against the concept in totality.
The book contains five parts. In the first part, it sets out the idea of growth. This is the part that the book identifies the historical connection between the idea of growth and reality of growth based on moral progress, an ideology of based on the Enlightenment. On the other hand, the second part of the book defends the theory based on the economy and ...Download file to see next pagesRead More
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