James Kwak. (2017). Economism: Bad Economics and the Rise of Inequality. Unabridged Penguin Random House Audio Publishing Group.

James Kwak. 2017. Economism: Bad Economics and the Rise of Inequality. Penguin Random House Audio Publishing Group.

James Kwak, Economism: Bad Economics and the Rise of Inequality. Penguin Random House Audio Publishing Group, 2017.

James Kwak. Economism: Bad Economics and the Rise of Inequality. Unabridged Penguin Random House Audio Publishing Group, 2017.

OverDrive Product Record

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Bad Economics and the Rise of Inequality

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   • bioText: JAMES KWAK is a professor at the University of Connecticut School of Law and the co-author, with Simon Johnson, of 13 Bankers and White House Burning. He has a Ph.D. in intellectual history from UC Berkeley and a J.D. from the Yale Law School. Before going to law school, he worked in the business world as a management consultant and a software entrepreneur.
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Economism

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Here is a bracing deconstruction of the framework for understanding the world that is learned as gospel in Economics 101, regardless of its imaginary assumptions and misleading half-truths.
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.

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   • content: Here is a well-crafted explanation of why many popular free-market economic theories (supply-and-demand curves, survival-of-the-fittest policies) are both simplistic and irresponsible. Narrator Mark Bramhall's phrasing range and philosophical tone help take the contentiousness out of this discussion. His evenhanded delivery invites listeners to think about how abstract economic principles actually impact people in the real world. The author contends that supply-side economics and trickle-down theories have been promoted mainly by people in the public and private sectors who benefit from them. Written with equanimity and read with quiet, nonpartisan enthusiasm, this is an audio that will motivate many listeners to look more carefully at economic policies promoted at all levels of government. T.W. � AudioFile 2017, Portland, Maine

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shortDescription

Here is a bracing deconstruction of the framework for understanding the world that is learned as gospel in Economics 101, regardless of its imaginary assumptions and misleading half-truths.
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...

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Bad Economics and the Rise of Inequality

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Penguin Random House Audio Publishing Group