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Loading... Economics for the Rest of Us: Debunking the Science that Makes Life Dismalby Moshe Adler
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Sign up for LibraryThing to find out whether you'll like this book. No current Talk conversations about this book. A bit one-sided...I guess 99% of American culture is the other side... ( ) A brief, enlightening (to me) history of how we come to be where we are. Adler points out that what passes for natural law in current economic debate is actually something more akin to a religious fundamentalism with the shakiest (not to mention morally reprehensible) of foundations. Things don't need to be the way they are. We could structure an economy around different values. Learn about Utilitarianism. And wonder if we can ever change. no reviews | add a review
"Vivid case studies . . . Adler's frustration with wrongheaded economic thinking is as entertaining as it is thought provoking." --Publishers Weekly Why do so many contemporary economists consider food subsidies in starving countries, rent control in rich cities, and health insurance everywhere "inefficient"? Why do they feel that corporate executives deserve no less than their multimillion-dollar "compensation" packages and workers no more than their meager wages? Here is a lively and accessible debunking of the two elements that make economics the "science" of the rich: the definition of what is efficient and the theory of how wages are determined. The first is used to justify the cruelest policies, the second grand larceny. Filled with lively examples--from food riots in Indonesia to eminent domain in Connecticut and everyone from Adam Smith to Jeremy Bentham to Larry Summers--Economics for the Rest of Us shows how today's dominant economic theories evolved, how they explicitly favor the rich over the poor, and why they're not the only or best options. Written for anyone with an interest in understanding contemporary economic thinking--and why it is dead wrong--Economics for the Rest of Us offers a foundation for a fundamentally more just economic system. "Brilliant." --David Cay Johnston, Pulitzer Prize-winning and New York Times-bestselling author of It's Even Worse Than You Think No library descriptions found. |
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