Two members of the much-maligned Generation X answer four years of media condescension with a cogent, though flawed, economic analysis. Since 1990, the mainstream media have been scolding the current crop of adult Americans under 30 for their lack of ambition, their immaturity, and their ``clingy'' tendency to move in with their parents after graduation. Lipsky (Three Thousand Dollars, 1989) and Abrams, a New York City attorney, argue that the problems of their generation are neither psychological nor cultural. What distinguishes this generation from those who came of age in past decades, they insist, is a lack of white-collar economic opportunity. The authors explain how federal policies of the 1970s and '80s have affected the prospects of people now in their 20s; their chapter on student loans (examining, for instance, how those loans contributed to rising tuition costs) is particularly convincing. Yet they fail to buttress their arguments with hard numbers: Tracking the job market for graduating college seniors from 1980, they characterize each year as ``okay,'' ``good,'' ``soft,'' or ``awful,'' offering no concrete idea of what percentages those words represent. Where Late Bloomers is even more disappointing, however, is in the authors' reluctance to recognize the limits of a strictly economic analysis. Throughout the book, they equate marriage and children with material success, claiming that their generation delays or eschews such commitments solely for financial reasons, thus ignoring the profound ways in which second- wave feminism and the sexual revolution have changed attitudes toward marriage. Feminism in general gets short shrift, and the sexual revolution is dismissed in less than a page as a misguided experiment. Abrams and Lipsky assume that everyone in their generation wants the same things; given that they're writing about 46 million people, they can't possibly be right. (First serial to Harper's; author tour)
Pub Date: Oct. 1, 1994
ISBN: 0-8129-2290-5
Page Count: 196
Publisher: Times/Henry Holt
Review Posted Online: May 19, 2010
Kirkus Reviews Issue: July 1, 1994
BOOK REVIEW
BOOK REVIEW
BOOK REVIEW
For Howard Zinn, long-time civil rights and anti-war activist, history and ideology have a lot in common. Since he thinks that everything is in someone's interest, the historian—Zinn posits—has to figure out whose interests he or she is defining/defending/reconstructing (hence one of his previous books, The Politics of History). Zinn has no doubts about where he stands in this "people's history": "it is a history disrespectful of governments and respectful of people's movements of resistance." So what we get here, instead of the usual survey of wars, presidents, and institutions, is a survey of the usual rebellions, strikes, and protest movements. Zinn starts out by depicting the arrival of Columbus in North America from the standpoint of the Indians (which amounts to their standpoint as constructed from the observations of the Europeans); and, after easily establishing the cultural disharmony that ensued, he goes on to the importation of slaves into the colonies. Add the laborers and indentured servants that followed, plus women and later immigrants, and you have Zinn's amorphous constituency. To hear Zinn tell it, all anyone did in America at any time was to oppress or be oppressed; and so he obscures as much as his hated mainstream historical foes do—only in Zinn's case there is that absurd presumption that virtually everything that came to pass was the work of ruling-class planning: this amounts to one great indictment for conspiracy. Despite surface similarities, this is not a social history, since we get no sense of the fabric of life. Instead of negating the one-sided histories he detests, Zinn has merely reversed the image; the distortion remains.
Pub Date: Jan. 1, 1979
ISBN: 0061965588
Page Count: 772
Publisher: Harper & Row
Review Posted Online: May 26, 2012
Kirkus Reviews Issue: Jan. 1, 1979
BOOK REVIEW
BOOK REVIEW
BOOK REVIEW
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
SEEN & HEARD
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