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    Economism: Bad Economics and the Rise of Inequality

    Beschreibung 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 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.



    Buch Economism: Bad Economics and the Rise of Inequality PDF ePub

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    Economism: bad economics and the rise of inequality ~ Economism: bad economics and the rise of inequality Johnson , Simon , Kwak , James 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.

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    Economism: Bad Economics and the Rise of Inequality ~ But Economism is vastly oversimplified -- markets are not perfect, economic actors are not rational, information is not universally available, and Economism can lead to false conclusions. (Oddly enough, this never seems to affect its proponants. We've had 50 years of tax cuts, and they still argue that all we need to unleash growth is another tax cut). Finally, he argues that the rise of .

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    Grasping Reality with Both Hands ~ **James Kwak**: _Further Reading: Economism: Bad Economics and the Rise of Inequality_ : 'One of the central themes of Economism is the idea that the competitive market model taught early in Economics 101 (the one that says markets produce optimal outcomes) has become disproportionately influential in our contemporary political and intellectual culture. That raises the question of what would .

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