What I'm reading
The Passions and the Interests by AO Hirschman. Hirschman is always worth reading – his Exit, Voice and Loyalty is a classic. The Passions and the Interests, is a piece of intellectual history describing the development of ideas about rational self-interest and the invisible hand.
I’m also reading Watershed by Ticky Fullerton. She’s an ABC reporter and the book is about Australian water issues, mainly, but not exclusively, the Murray-Darling. She gives a summary of blogger Chris Sheil’s excellent book Water’s Fall, including an appealing adjectival characterisation
Water’s Fall is eloquent and convincing, but should carry a health warning for any investment banker in the CBD. Such people would soon find themselves frothing uncontrollably at the mouth with outrage at a Quigginesque thesis, which blames almost all incompetence on greed and a general bias in favour of the shareholder over the consumer.
I’m not sure if ‘Quigginesque’ is an original coinage (I have the feeling Henry Ergas has used something similar) but I like it anyway.