| Description |
1 online resource (254 pages) : illustration |
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text file rda |
| Contents |
Introduction: Damage -- The beautiful idea: the invisible hand -- Say's Law and austerity economics -- Government's limited social role: Friedman's Folly -- Low inflation is all that matters -- There are no speculative bubbles -- Globalization: Friedman's Folly writ large -- Economics is a science. |
| Summary |
The author of the widely praised Age of Greed now gives us a bold indictment of some of our most accepted economic theories-why they're wrong, the harm they've done, and the theories that would vastly improve on them. Jeff Madrick-former New York Times business columnist and now Harper's economics columnist-mounts a comprehensive case against prevailing mainstream economic thinking, illustrating how it has damaged markets, infrastructure, and individual livelihoods, causing hundreds of billions of dollars of wasted investment; financial crisis after financial crisis; poor public education and public transportation; gross inequality of income and wealth, and stagnating wages; uncontrolled military spending; and a failed healthcare system that delivers far less than it costs. Using the Great Recession as his foremost case study, Madrick shows how the decisions America should have made before, during, and after the financial crisis were suppressed by popular theory, and how the consequences are still being felt here and around the globe. And he examines the too-often-marginalized good ideas of modern economics, and convincingly argues just how beneficial they might be if only they can gain greater traction among policy makers. |
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Uses the Great Recession to explore how mainstream economic thinking has damaged market infrastructure, and examines what modern economics ideas can be beneficial in the future. |
| Bibliography |
Includes bibliographical references (pages 231-242) and index. |
| System Details |
Requires Boundless App. |
| Chronological Term |
Since 2009 |
| Subject |
Economics -- United States.
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Financial crises -- United States.
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Business.
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Business. |
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Economic history. |
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Economic policy. |
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Economics. |
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Financial crises. |
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United States -- Economic conditions -- 2009-
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United States -- Economic policy -- 2009-
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United States. |
| Genre |
Electronic books. |
| Other Form: |
Electronic reproduction of (manifestation): Madrick, Jeffrey G. Seven bad ideas New York : Alfred A. Knopf, 2014 9780307961181 (DLC) 2014006237 (OCoLC)876466441 |
| ISBN |
9780307961198 : $47.85 |
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0307961192 : $47.85 |
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