False Economy: A Surprising Economic History of the World by Alan Beattie

“False Economy: A Surprising Economic History of the World” is a non-fiction book by Alan Beattie, first published in 2009. The book explores the economic history of the world, challenging conventional wisdom and exposing the hidden forces that have shaped our global economy.

Beattie argues that many of the assumptions we hold about the economy are based on flawed ideas and false premises. He examines the economic histories of countries around the world, from the United States to China to India, and shows how factors such as culture, geography, and politics have all played a role in shaping economic development.

One of the key themes of the book is the idea that economic success is often based on a combination of luck and political institutions, rather than simply hard work and innovation. Beattie shows how some countries have been able to achieve economic success despite limited resources, while others have struggled despite abundant natural wealth.

The book also explores the impact of globalization on the world economy, arguing that it has both positive and negative effects. While globalization has created new opportunities for trade and investment, it has also led to a widening income gap between rich and poor, and has contributed to environmental degradation and other social problems.

Overall, “False Economy” is a thought-provoking and insightful book that challenges readers to rethink their assumptions about the global economy. Beattie’s writing is clear and engaging, making complex economic concepts accessible to a wide audience.