Top positive review
5 people found this helpful
Great, but a Hidden Agenda in Here
on June 18, 2014
Overall, this is an excellent book that provides the basics and allows beginners to get a good grasp of where to go from there. The chapters are laid out nicely and it does an excellent job of introducing key terms and lingo, and demonstrating how stocks fit into the overall economic (and political) picture.
My only problem with this book is that I'm used to reading books in the "Dummies" series that are neutral in regards to the topic. In this case, it is very obvious the authors subscribe to a liberal/neo-liberal "just let the market sort everything out" ideology, which subsequently colours much of their analysis and description of how the economy (in their opinion) should and does work. I wish they had been a little more impartial in their discussion of this, since there is plenty of evidence on both sides of the "left" and "right" positions in economics and economic history. One need only look at the Scandinavian countries for a great success story that proves the "markets will fix everything" approach has plenty of evidence against it as well. I would've expected a more sophisticated analysis from two experts on the topic. It appears they haven't done their homework on this, and have read only the parts of economic theory that suit their points, and ignored the rest (or simply discounted it). For that reason I think it loses a five star rating, since a fuller discussion of stocks would also give a fair shake to the other side of the debate as well.
Other than that, it is a great book, and definitely worth checking out for beginners who need to learn the basics before moving on to more advanced things like options, etc.