Filthy Lucre

Filthy Lucre: Economics for People Who Hate Capitalism
by: Joseph Heath

Summary:
Mr. Heath uses his book to debunk myths on both sides of the political spectrum - the right and the left. He dives into common arguments that deal with incentives, taxes, personal responsibility, pursuit of profit, and equal pay amongst other topics. He uses data, economics, and other means of demonstrating why: "virtually all common held beliefs about economics - whether espoused by political activists, politicians, journalists, or taxpayers - are just plain wrong."

------------------------

While I found the book interesting to read I found it hard to succinctly follow Mr. Heath's arguments. His writing style was jumpy and in some of the more techinical topics the lack of flow made it challenging to fully understand his arguments. I found this especially so when it came to viewpoints I didn't share.

A brightside note though, the book did convey many interesting perspectives that I believe those who are either committed to the right or left of the political spectrum could benefit from pondering. This book would be particularly useful at a party when debates break out over minimum wage, corporate profits, or motivating a workforce.

It is in this that I found the book the most useful - understanding the other side of the argument and data/analysis that backs up and/or refutes the common debates. Was this a great book to read - I didn't think so, but I do not regret picking it out. It won't directly make you a better employee at work, but it does provide good food for thought concerning many everyday headlines and arguments we encounter. Through this understanding one is likely to approach similar problems with more thought out rational in the future (say concerning incentives).