In contemporary society, economics has played a very significant role in solving most of the world’s social and political problems. As it has been revealed in the ‘New Ideas from the Dead Economists’ by Todd Buchholz; the ‘Hot, Flat and Crowded’ by Thomas Friedman, and the ‘Naked Economics: Undressing the Dismal Science’ by Charles Wheelan, economics has become the most important tool in solving the current Global Crisis in Public finance administration (Charles, 200-213).
One major theme addressed in the above books is Welfare reforms. In all the books, this theme is well expounded in which the economists advocate for the reformation of the distractive policies of the world; to address the welfare of the people. As the writers of the above books argue; it is the role of the government to ensure that the resources of a country need equal distribution, to ensure equity in the welfare of its members (Todd, 120-125).
This theme in the three books seems to be developed on different strategies based on how the distribution of a country’s resources can be distributed equally. In the book ‘New Ideas from Dead Economists’, Todd tries to address the issue of the tax system which must be properly structured to ensure that all the individuals pay tax proportional to their income levels (Todd, 120-125).
In the book, ‘Naked Economics: Undressing the Dismal Science’, Charles addresses the issue of business involvement in business activities to protect the rights of the people in the society, from being exploited by business people. Charles argues that economics should address the idea of the benefits, which people get from the involvement of government in business activities (Charles, 200-213).
More so, in the book Hot, Flat and Crowded, Thomas bases his argument on the welfare of the society on the governments’ projects; geared to renovate the nation and provide the people with the social amenities that would boost their welfare (Friedman, 76-85).
Another main theme addressed in the three books is globalization. In the current contemporary society where the world is experiencing massive technological advancement, the writers of the above books argue that internationalization would allow for solutions to the most economical crisis that most countries have been facing (Friedman, 76-85).
In the book ‘New Ideas from Dead Economists’ by Todd, globalization will enhance free trade which in turn will ensure that resources from regions where they are abundant; are distributed to regions where such resources are rare (Todd, 120-125).
On the other hand, like Thomas in the book, Hot flat and crowded, it is meant evident that destructive climate change has created a massive transfer of wealth from one region to another. Destruction of biodiversity has led to the invention of various ways of creating new resources out of the current abundant ones. This has led to the uprising of the global climate manifesto, through the exchange of technological appliances to reclaim the wasted and destructed biodiversity (Friedman, 76-85).
In the book, Naked Economics: Undressing the social science by Charles Wheelan; it is argued that globalization has to great extent led to the introduction of international collaborations on the preservation of the green environment; which in the long run would lead to the preservation of the natural environment leading to comparative advantage, which would thereafter lead to international trade (Charles, 200-213).
In the above books, the themes depicted tend to argue that economics is life and that economists should not be excluded in matters concerning running state affairs. Generally, it is inevitable that economics is inseparable from governments, and thus; the two should interplay to enhance the prosperity of the nations in all aspects
Works cited
Charles, Wheelan. “Naked Economics: Undressing the Dismal Science.” London: Norton & Company Publishers. (2002):200-213.
Friedman, Thomas. “Hot, Flat and Crowded.” New York: Farrar, Straus & Giroux Publishers. (2008): 76-85.
Todd, Buchholz. “New Ideas from Dead Economists.” Plume; Rev Subverb Press. (1999): 120-125.