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Rating: 
Summary: Insighful and sad account
Review: A good book, known by few, written by an even less well known author, to which I am grateful. As (probably) most of the other readers, I learned about this book from a (very positive) book review published on the "Economist".
This book tells a first person account of how bad economics, corruption, or "simple" incompetence almost caused a famine of immane proportion in Sierra Leone, in the 80s, with the important "contribution" of the World Bank. The author (at the time a consultant for the World Bank) tells us how he managed to avert the crisis, a deed that many did not appreciate, and that caused him professional troubles later on.
It is a mistery how this book can be so little known. It is well written, and above all quite deep. Mr Griffith clearly shows to be a skilled and informed economist. I found particularly compelling the pages that discuss how economic "data" should be often taken with a grain of salt, or two. Especially in poor countries, "data" are sometimes nothing else that guesses (sometimes educated, sometimes not), and this may lead to enormous policy mistakes. Unfortunately, people's lives may put at stake by such mistakes. One point that Mr Griffith powerfully makes is that economic policy is not simply boring material to be debated by politicians and discussed in the ivory towers of academia, but it is something REAL that has sometimes the potential of deciding about the fate of millions of people. Unfortunately, policy is the hands of men, and this book amply shows once more how little trust we should have in men.
Overall, this is quite a compelling reading, much more than the insipid "Globalization and its discontent" by Stiglitz, a world-class economist that has produced a little polemic book that could have been memorable, and instead has disappointed everyone, except uncritical anti-globalization protesters. If you are looking for a deeper account of the potential evil of economic policy and the World Bank, this book is highly recommended.
P.S. By the way, contrary to what some extremist may believe, the World Bank is not only made by evil individuals who only care about their career. The World Bank is a very complex institution, and I can assure you that committed, serious, and conscientious individuals abound in there. Whether they have a major role in how the World Bank actually works in Developing Countries is something I still have to find out...
Rating:
Summary: Andybody Who Cares Should Read This
Review: An excellent, excellent book in several ways. Anybody who cares - about society - conservative, moderate, or liberal should read this. All economists, political scientists, politicians, and students of these fields should read this book carefully. The Economist's Tale is a true morality play. It looks at the way economics plays out in real-life using the framework of food policy in Sierra Leone. The author is not against market forces - but as economic theory has recognized in the last few decades - markets work (or don't work) with many attendant frictions and imperfections. Unfortunately, in the tale told within this book, people die because of these frictions. The Economist's Tale is also quite interesting and riveting as a read. It is also a quick read. One learns much about Sierra Leone among other non-economic subjects. It appears nobody else has rated this book yet - which tends to indicate that few people have read it - a sad state of affairs.
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