Title
Economism: Bad Economics and the Rise of Inequality,Used
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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 halftruths.Economism: an ideology that distorts the valid principles and tools of introductory college economics, propagated by selfstyled 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 Statesfocusing 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 societylabor markets, taxes, finance, health care, and international trade, among othersare shaped by economism, demonstrating in each case with clarity and lan 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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- Q: What is the main premise of 'Economism: Bad Economics and the Rise of Inequality'? A: 'Economism' critiques the simplified economic principles often taught in introductory courses, revealing how these ideas can distort understanding and contribute to inequality.
- Q: Who is the author of this book? A: The author of 'Economism: Bad Economics and the Rise of Inequality' is James Kwak.
- Q: When was 'Economism' published? A: 'Economism: Bad Economics and the Rise of Inequality' was published on January 10, 2017.
- Q: What are the key topics covered in the book? A: The book covers supply and demand, market equilibrium, labor markets, taxes, finance, health care, and international trade, among other economic issues.
- Q: What is the format of 'Economism'? A: 'Economism: Bad Economics and the Rise of Inequality' is available in hardcover format.
- Q: How many pages does the book contain? A: 'Economism' contains 256 pages.
- Q: Is this book suitable for someone without a background in economics? A: Yes, 'Economism' is written to be accessible, providing a primer on economic concepts for readers without advanced knowledge.
- Q: What does the author argue about the influence of economism? A: James Kwak argues that economism oversimplifies complex economic realities, leading to misguided policies that affect millions of Americans.
- Q: Can this book help me understand current economic policies? A: Yes, 'Economism' provides insights into how economic principles influence contemporary issues like taxes and labor markets, making it relevant for understanding current policies.
- Q: What makes 'Economism' different from other economics books? A: 'Economism' focuses on debunking widely accepted economic myths and critiques the ideologies that shape policy, rather than just presenting economic theory.