Screen LibraryEconomics of the 1% : how mainstream economics serves the rich, obscures reality and distorts policy /
"Today's 'doctrine of choice' assures adults that they are competent to make serious personal decisions about healthcare, education and retirement plans. At the same time, most people are convinced that they are so ignorant of economics that they are not capable of holding an inf...
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| Main Authors: | |
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| Published: |
Anthem Press,
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| Publisher Address: | London : |
| Publication Dates: | 2014. |
| Literature type: | Book |
| Language: | English |
| Subjects: | |
| Summary: |
"Today's 'doctrine of choice' assures adults that they are competent to make serious personal decisions about healthcare, education and retirement plans. At the same time, most people are convinced that they are so ignorant of economics that they are not capable of holding an informed opinion, and that economic issues must be left to experts. The so-called experts of the mainstream economics profession claim to have profound, inaccessible knowledge; in fact they understand little and obscure almost everything. Understanding the economy is not simple ... |
| Carrier Form: | xviii, 227 pages ; 22 cm |
| Bibliography: | Includes bibliographical references (pages 205-222) and index. |
| ISBN: |
9780857281081 (paperback) : 0857281089 (paperback) |
| Index Number: | HC106 |
| CLC: | F171.2 |
| Call Number: | F171.2/W395 |
| Contents: | Preface: Doctor Bob's Third Law -- Introduction: Economic ignorance -- Fakeconomics and economics. Idolatry of competition ; Teflon pseudoscience ; How real markets operate ; Where econfakers dwell ; Fakeconomics and economics: name and shame -- Market worship. What is competition? ; Why markets go bad ; The "labor market" ; Workers cause their unemployment? -- Finance and criminality. Why a financial sector? ... |