Economics Rules
Dani Rodrik, Economics Rules: The Rights and Wrongs of the Dismal Science (Oxford University Press, 2015)
Summary: An academic treatise that challenges the field and discipline of economics. A fearless discussion of models and their internal validity, external validity, critical assumptions, and theoretical utility.
Key Quote: "As we've seen, theories in economics are either so general that they have little real leverage in the real world or so specific that they can account at best for a particular slice of reality...History has not been kind to theorists who claimed to have discovered the universal laws of capitalism. Unlike nature, capitalism is a human, and therefore malleable, construction." - p. 144
Bottom Line: Read this book if you're a tad skeptical about economic models.
