Economism
Bad Economics and the Rise of Inequality
(Sprache: Englisch)
Economism--an ideology that distorts the valid principles and tools of Economics 101, propagated by self-styled experts, zealous lobbyists, clueless politicians, and ignorant pundits. Its failure to reflect the complexities of our world has had a...
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Economism--an ideology that distorts the valid principles and tools of Economics 101, propagated by self-styled experts, zealous lobbyists, clueless politicians, and ignorant pundits. Its failure to reflect the complexities of our world has had a deleterious influence on policies that affect hundreds of millions of Americans.
Klappentext zu „Economism “
Here is a bracing deconstruction of the framework for understanding the world that is learned as gospel in Economics 101, regardless of its imaginary assumptions and misleading half-truths.Economism: an ideology that distorts the valid principles and tools of introductory college economics, propagated by self-styled experts, zealous lobbyists, clueless politicians, and ignorant pundits.
In order to illuminate the fallacies of economism, James Kwak first offers a primer on supply and demand, market equilibrium, and social welfare: the underpinnings of most popular economic arguments. Then he provides a historical account of how economism became a prevalent mode of thought in the United States-focusing on the people who packaged Econ 101 into sound bites that were then repeated until they took on the aura of truth. He shows us how issues of moment in contemporary American society-labor markets, taxes, finance, health care, and international trade, among others-are shaped by economism, demonstrating in each case with clarity and élan how, because of its failure to reflect the complexities of our world, economism has had a deleterious influence on policies that affect hundreds of millions of Americans.
Inhaltsverzeichnis zu „Economism “
Foreword by Simon Johnson xi1 The Best of All Possible Worlds 3
2 The Magic of the Marketplace 18
3 The Long March of Economism 29
4 You Get What You Deserve 64
5 Incentives Are Everything 87
6 The Consumer Knows Best 108
7 Capital Unbound 130
8 It's a Small World After All 157
9 The Best Possible World-for Whom? 177
Acknowledgments191
Notes193
Index223
Autoren-Porträt von James Kwak
JAMES KWAK is a professor at the University of Connecticut School of Law and the co-author, with Simon Johnson, of 13 Bankers and White House Burning. He has a Ph.D. in intellectual history from UC Berkeley and a J.D. from the Yale Law School. Before going to law school, he worked in the business world as a management consultant and a software entrepreneur.
Bibliographische Angaben
- Autor: James Kwak
- 2017, 256 Seiten, Gebunden, Englisch
- Mitarbeit: Johnson, Simon
- Verlag: Pantheon
- ISBN-10: 1101871199
- ISBN-13: 9781101871195
Sprache:
Englisch
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