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Economics for the best of us - Moshe Adler
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Title
Economics for the best of us - debunking the science that makes life dismal
Economics for the best of us - debunking the science that makes life dismal
Author
Moshe Adler
Moshe Adler
format
Paperback / softback
Paperback / softback
Publisher
The New Press
The New Press
Language
English
English
UK Publication Date
20110519
20110519
Description
"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 Usshows 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 Usoffers a foundation for a fundamentally more just economic system.
"Brilliant." -David Cay Johnston, Pulitzer Prize-winning and New York Times-bestselling author ofIt's Even Worse Than You Think
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 Usshows 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 Usoffers a foundation for a fundamentally more just economic system.
"Brilliant." -David Cay Johnston, Pulitzer Prize-winning and New York Times-bestselling author ofIt's Even Worse Than You Think
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