Economism: Bad Economics and the Rise of Inequality

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Economism: Bad Economics and the Rise of Inequality

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 Statesâ€”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 societyâ€”labor markets, taxes, finance, health care, and international trade, among othersâ€”are shaped by economism, demonstrating in each case with clarity and Ã©lan 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.

Country	USA
Author	James Kwak
Binding	Kindle Edition
EISBN	9781101871201
Format	Kindle eBook
Label	Pantheon
Manufacturer	Pantheon
NumberOfPages	256
PublicationDate	2017-01-10
Publisher	Pantheon
ReleaseDate	2017-01-10
Studio	Pantheon

Economism: Bad Economics and the Rise of Inequality

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