Rogue Economics Review

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Rogue Economics ReviewAn interesting, eye-opening, provocative book; very outside-the-box. But also a very self-indulgent one. Conceptually, its oddest feature is the lack of any discussion of the corporation as a socioeconomic institution, with no sustained discussion of the most important political institution, the state. Napoleoni is perhaps typical of certain lightweight Italian intellectuals inclined to portentousness (e.g. Julien Benda, Nicola Chiaromonte). Napoleoni does not use terms precisely and does not define terms, including "rogue economics" (in her Mar, 31, 2008, interview on Democracy Now! she asserted that "all Western economies are rogue economies," but she does not use the term "rogue economy" in this book); "GDP" is used for for annual growth in GDP (45); she misspells Philip Bobbitt as "Philip Bobbit" (79, 295) but also gets it right once (162); a key reference to Hannah Arendt refers only to an anthology in Italian, not the original (275n.23). Her rambling discursive style may be due to her desire to incorporate topics to which she has devoted journalistic work. Napoleoni also writes in a journalistic style, using short, simplistic, punchy sentences. She tends to toss out statistics, then move on. There is a regrettable tendency to hyperbole in her writing: "American middle-class families cannot plan holidays, birthday parties, even a future for their children, because they do not know if tomorrow they will still have a home" (43). "China's overwhelming and unchallenged absolute advantage revolves around an endless supply of cheap labor, a resource so powerful that it has stripped industrialized economies of their comparative advantage" (35). "It is in the domain of chaos, therefore, that Western thinking fails" (82; actually, Western thinking has been extremely fruitful in the domain of chaos: cf. Henri Poincaré, Jacques Hadamard, G.D. Birkhoff, M.L. Cartwright and J.E. Littlewood, Stephen Smale, Edward Lorenz, Benoît Mandelbrot, James Yorke, Robert Shaw, Albert J. Bichaber, Mitchell Feigenbaum, etc.; see James Gleick, Chaos: Making of a New Science (1987)); "foreign aid is the true cause of the malaise of Africa" (196); Islamic finance is "growing at the speed of light" (252).Rogue Economics Overview

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