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Kwak, James.
Subjects
Economics.
Economics -- Sociological aspects.
Economics -- United States.
Economic policy.
United States -- Economic policy.
Browse Catalog
by author:
Kwak, James.
by title:
Economism : bad econ...
by call number:
330 K98e
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Kwak, James.
Economics.
Economics -- Sociological aspects.
Economics -- United States.
Economic policy.
United States -- Economic policy.
MARC Display
Economism
:
bad
economics
and the
rise
of
inequality
/ James Kwak ; foreword by Simon Johnson.
by
Kwak, James.
Pantheon Books, [2017]
Call #:
330 K98e
Subjects
Economics
.
Economics
-- Sociological aspects.
Economics
-- United States.
Economic policy.
United States -- Economic policy.
ISBN:
9781101871195 (hc.)
Edition:
First edition.
Description:
xvi, 237 pages : illustrations ; 22 cm
Bibliography:
Includes bibliographical references (pages 193-221) and index.
Contents:
The best of all possible worlds. The key to all things ;
Economism
and
economics
; Ideas in the world -- The magic of the marketplace -- The long march of
economism
. Ideas and interests ; Creators ; Industrialists ; Promoters ; Politicians -- You get what you deserve. The problem with a price floor ; In the real world ; The view from the top ; Pay = productivity ; How the rich get that way -- Incentives are everything. Deadweight triangles ; The antitax chorus ; Tax cuts for job creators ; Savings, labor, and growth ; The price of civilization -- The consumer knows best. Too much free stuff ; Consumer-driven utopia ;
Bad
choices ; Broken market ; The forgotten alternative -- Capital unbound. Supply, demand, and capital ; Innovation unbound ; Toxic mortgages ; Toxic banks ;
Economism
unbowed -- It's a small world after all. Oranges and bananas ; Winners and losers ; The real impact of trade ; Bait and switch -- The best possible world--for whom?. Cui bono? ; Where are we going? ; Beyond
economism
?
Summary:
Outlines a deconstruction of the framework for understanding the world of classroom
economics
, clarifying assumptions and misleading teachings while sharing historical insights into how
economism
became a prevalent influence in the U.S.
"For generations, we've been told that there's a simple framework that can explain the mysteries of how the economy can create optimal outcomes for us all. What James Kwak shows us is that this set of ideas - what he calls '
economism
' - is magical thinking, not grounded in science and evidence. In this pithy book of accessible prose, Kwak begs us to contend with the messiness of the real world - and the
inequality
our economic system has spawned - before it's too late." --Heather Boushey, executive director and chief economist, Washington Center for Equitable Growth. A bracing deconstruction of the framework for understanding the world that is learned as gospel in
Economics
101.
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. James Kwak is a professor at the University of Connecticut School of Law"--Provided by publisher.
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Collection
Call No.
Item type
Status
Alderney Gate Public Library
Adult Nonfiction
330 K98e
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