Volume 53, Number 18 · November 16, 2006

How to Understand the Economy

By Robert M. Solow
Adam's Fallacy: A Guide to Economic Theology
by Duncan K. Foley

Belknap Press/Harvard University Press, 265 pp., $25.95

Educated friends who have never studied economics themselves often ask the economist Duncan Foley to recommend a book that will explain what economics is about. He doesnot find it easy, sees correctly that the standard seven-hundred-page elementary textbook is essentially unreadable, and usually ends up by suggesting the late Robert Heilbroner's 1953 classic The Worldly Philosophers, not a bad choice. But he feels the urge to try his own hand at it, and teaches a course for nonspecialists at Barnard College and the New School University. Adam's Fallacy is the result.



Review, 4664 words

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