Review of Past, Present and Future, an Economic Perspective
Posted: 30 Jun 2024, 11:39
[Following is an official OnlineBookClub.org review of "Past, Present and Future, an Economic Perspective" by David Rajan.]
Past, Present and Future, an Economic Perspective by David Rajan chronicles the factors that have driven humanity from one social structure to the next, from the hunter-gatherer to modern civil societies. According to the author, our innate desire to secure our future sustenance propels us into new economic models. This inbuilt desire alone does not account for the leaps in the complexity of economies across human history; understanding them requires a trigger. A trigger is any information that radically changes the perception of a given economy, forcing people to rethink how they operate. The transition from the non-existent economy, which dominated the hunter-gatherer era, to the communal economy was possible only after discovering the relationship between seeds and plants. In this book, you will explore the triggers that led to the transition from the communal economy to the social economy, the social economy to the market economy, and now from the market economy to the data economy. You will also explore the changes in perceptions of religion and philosophy and their role in future economies.
This book helped me understand ancient economies like never before. People of this generation may have a good understanding of the current market economy because it has dominated the world since the twentieth century, with demand and supply being the main gears driving this economy. However, it is not the only economy that has dictated human transactions. The social economy predated the market economy, and it is the economy that helped me understand the origins of social inequality and legislation as we know it. A review of the economic dynamics in the early days of the market economy, marked by the Industrial Revolution, helped me understand the current structure of our cities and infrastructure. The belief in religion during the social economy or the loss of religious faith in the market economy are products of the economic aspirations of the people living in those times. We can understand the origins of social institutions today by looking at the past through a financial lens.
I rate this book five out of five stars. Apart from a couple of typographical errors, this book was well-edited. I enjoyed the brief and educational history of ancient and modern economies and the discussions on the upcoming data economy in today’s context, where AI and data technology are poised to dominate this generation. I learned much about human psychology and how the economy influences our desires and those we hold in high esteem. There is so much to learn in this short book that I am commenting here. There is nothing negative to say about this book. I also enjoyed the author’s use of visualizations to show us the intricate economic dynamics between the entities in the various economies. This book does not contain profane, sexual, or violent content, and I recommend it to readers of all religions.
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Past, Present and Future, an Economic Perspective
View: on Bookshelves
Past, Present and Future, an Economic Perspective by David Rajan chronicles the factors that have driven humanity from one social structure to the next, from the hunter-gatherer to modern civil societies. According to the author, our innate desire to secure our future sustenance propels us into new economic models. This inbuilt desire alone does not account for the leaps in the complexity of economies across human history; understanding them requires a trigger. A trigger is any information that radically changes the perception of a given economy, forcing people to rethink how they operate. The transition from the non-existent economy, which dominated the hunter-gatherer era, to the communal economy was possible only after discovering the relationship between seeds and plants. In this book, you will explore the triggers that led to the transition from the communal economy to the social economy, the social economy to the market economy, and now from the market economy to the data economy. You will also explore the changes in perceptions of religion and philosophy and their role in future economies.
This book helped me understand ancient economies like never before. People of this generation may have a good understanding of the current market economy because it has dominated the world since the twentieth century, with demand and supply being the main gears driving this economy. However, it is not the only economy that has dictated human transactions. The social economy predated the market economy, and it is the economy that helped me understand the origins of social inequality and legislation as we know it. A review of the economic dynamics in the early days of the market economy, marked by the Industrial Revolution, helped me understand the current structure of our cities and infrastructure. The belief in religion during the social economy or the loss of religious faith in the market economy are products of the economic aspirations of the people living in those times. We can understand the origins of social institutions today by looking at the past through a financial lens.
I rate this book five out of five stars. Apart from a couple of typographical errors, this book was well-edited. I enjoyed the brief and educational history of ancient and modern economies and the discussions on the upcoming data economy in today’s context, where AI and data technology are poised to dominate this generation. I learned much about human psychology and how the economy influences our desires and those we hold in high esteem. There is so much to learn in this short book that I am commenting here. There is nothing negative to say about this book. I also enjoyed the author’s use of visualizations to show us the intricate economic dynamics between the entities in the various economies. This book does not contain profane, sexual, or violent content, and I recommend it to readers of all religions.
******
Past, Present and Future, an Economic Perspective
View: on Bookshelves