Memorial Hall Library

Economism, bad economics and the rise of inequality, James Kwak ; foreword by Simon Johnson

eng

Includes bibliographical references (pages 193-221) and index

illustrations

index present

non fiction

Economism

bibliography

954203498

James Kwak ; foreword by Simon Johnson

bad economics and the rise of inequality

Outlines a deconstruction of the framework for understanding the world of classroom economics, clarifying assumptions and misleading teachings while sharing historical insights into how economism became a prevalent influence in the U.S

The best of all possible worlds. The key to all things ; Economism and economics ; Ideas in the world -- The magic of the marketplace -- The long march of economism. Ideas and interests ; Creators ; Industrialists ; Promoters ; Politicians -- You get what you deserve. The problem with a price floor ; In the real world ; The view from the top ; Pay = productivity ; How the rich get that way -- Incentives are everything. Deadweight triangles ; The antitax chorus ; Tax cuts for job creators ; Savings, labor, and growth ; The price of civilization -- The consumer knows best. Too much free stuff ; Consumer-driven utopia ; Bad choices ; Broken market ; The forgotten alternative -- Capital unbound. Supply, demand, and capital ; Innovation unbound ; Toxic mortgages ; Toxic banks ; Economism unbowed -- It's a small world after all. Oranges and bananas ; Winners and losers ; The real impact of trade ; Bait and switch -- The best possible world--for whom?. Cui bono? ; Where are we going? ; Beyond economism?