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Title:Economism: Bad Economics and the Rise of Inequality
Format Type:Ebook
Author:
Publisher:Pantheon Books
ISBN:1101871199
ISBN 13:
Number of Pages:256
Category:Economics, Non fiction, Politics, Business, Audiobook

Economism: Bad Economics and the Rise of Inequality by James Kwak

PDF, EPUB, MOBI, TXT, DOC 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 regardless of its imaginary assumptions and misleading half truths i Economism i 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 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 elan 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

  • Economism: Bad Economics and the Rise of Inequality

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  • 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

    This book Read Any Free Books Library - 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown - Even after the ruinous financial crisis of America is still beset by the depredations of an oligarchy that is now bigger more profitable and more resistant to r...

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  • White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You

    This book Read Any Free Books Library - White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You - America is mired in debt more than for every man woman and child Bitter fighting over deficits taxes and spending bedevils Washington D C even as partisan gridl...

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Economism: Bad Economics and the Rise of Inequality, 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You
Even after the ruinous financial crisis of America is still beset by the depredations of an oligarchy that is now bigger more profitable and more resistant to regulation than ever Anchored by six megabanks Bank of America JPMorgan Chase Citigroup Wells Fargo Goldman Sachs and Morgan Stanley which together control assets amounting astonishingly to more than percent of the country s gross domestic product these financial institutions now more emphatically too big to fail continue to hold the global economy hostage threatening yet another financial meltdown with their excessive risk taking and toxic business as usual practices How did this come to be and what is to be done These are the central concerns of i Bankers i a brilliant historically informed account of our troubled political economy br br In i Bankers i Simon Johnson one of the most prominent and frequently cited economists in America former chief economist of the International Monetary Fund Professor of Entrepreneurship at MIT and author of the controversial The Quiet Coup in i The Atlantic i and James Kwak give a wide ranging meticulous and bracing account of recent U S financial history within the context of previous showdowns between American democracy and Big Finance from Thomas Jefferson to Andrew Jackson from Theodore Roosevelt to Franklin Delano Roosevelt They convincingly show why our future is imperiled by the ideology of finance finance is good unregulated finance is better unfettered finance run amok is best and by Wall Street s political control of government policy pertaining to it br br As the authors insist the choice that America faces is stark whether Washington will accede to the vested interests of an unbridled financial sector that runs up profits in good years and dumps its losses on taxpayers in lean years or reform through stringent regulation the banking system as first and foremost an engine of economic growth To restore health and balance to our economy Johnson and Kwak make a radical yet feasible and focused proposal reconfigure the megabanks to be small enough to fail br br Lucid authoritative crucial for its timeliness i Bankers i is certain to be one of the most discussed and debated books of, America is mired in debt more than for every man woman and child Bitter fighting over deficits taxes and spending bedevils Washington D C even as partisan gridlock has brought the government to the brink of default Yet the more politicians on both sides of the aisle rant and the citizenry fumes the more things seem to remain the same br br In i White House Burning i Simon Johnson and James Kwak authors of the national best seller i Bankers i and cofounders of i The Baseline Scenario i a widely cited blog on economics and public policy demystify the national debt explaining whence it came and even more important what it means to you and to future generations They tell the story of the Founding Fathers divisive struggles over taxes and spending They chart the rise of the almighty dollar which makes it easy for the United States to borrow money They account for the debasement of our political system in the s and s which produced today s dysfunctional and impotent Congress And they show how if we persist on our current course the national debt will harm ordinary Americans by reducing the number of jobs lowering living standards increasing inequality and forcing a sudden and drastic reduction in the government services we now take for granted br br But Johnson and Kwak also provide a clear and compelling vision for how our debt crisis can be solved while strengthening our economy and preserving the essential functions of government They debunk the myth that such crucial programs as Social Security and Medicare must be slashed to the bone i White House Burning i looks squarely at the burgeoning national debt and proposes to defuse its threat to our well being without forcing struggling middle class families and the elderly into poverty br br Carefully researched and informed by the same compelling storytelling and lucid analysis as i Bankers White House Burning i is an invaluable guide to the central political and economic issue of our time It is certain to provoke vigorous debate, Here is a bracing deconstruction of the framework for understanding the world that is learned as gospel in Economics regardless of its imaginary assumptions and misleading half truths br i Economism i 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 br 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 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 elan 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