Economism: Bad Economics and the Rise of Inequality
Written by James Kwak
Narrated by Mark Bramhall
4.5/5
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About this audiobook
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.
James Kwak
James Kwak is vice chair of the Southern Center for Human Rights, former professor of law at the University of Connecticut, author of Economism: Bad Economics and the Rise of Inequality, and co-author with Simon Johnson of White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You, and the New York Times bestseller 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. He is also the co-author of The Baseline Scenario, a leading blog on economics and public policy. The co-author, with Stephen Bright, of The Fear of Too Much Justice (The New Press), he lives in Amherst, Massachusetts.
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