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The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society,Used
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In this 'lively and entertaining' history of ideas (Liaquat Ahamed, The New Yorker), New York Times editorial writer Binyamin Appelbaum tells the story of the people who sparked four decades of economic revolution.Before the 1960s, American politicians had never paid much attention to economists. But as the postWorld War II boom began to sputter, economists gained influence and power.In The Economists' Hour, Binyamin Appelbaum traces the rise of the economists, first in the United States and then around the globe, as their ideas reshaped the modern world, curbing government, unleashing corporations and hastening globalization.Some leading figures are relatively wellknown, such as Milton Friedman, the elfin libertarian who had a greater influence on American life than any other economist of his generation, and Arthur Laffer, who sketched a curve on a cocktail napkin that helped to make tax cuts a staple of conservative economic policy.Others stayed out of the limelight, but left a lasting impact on modern life: Walter Oi, a blind economist who dictated to his wife and assistants some of the calculations that persuaded President Nixon to end military conscription; Alfred Kahn, who deregulated air travel and rejoiced in the crowded cabins on commercial flights as the proof of his success; and Thomas Schelling, who put a dollar value on human life.Their fundamental belief? That government should stop trying to manage the economy.Their guiding principle? That markets would deliver steady growth, and ensure that all Americans shared in the benefits.But the Economists' Hour failed to deliver on its promise of broad prosperity. And the singleminded embrace of markets has come at the expense of economic equality, the health of liberal democracy, and future generations.Timely, engaging and expertly researched, The Economists' Hour is a reckoning and a call for people to rewrite the rules of the market.A Wall Street Journal Business BestsellerWinner of the Porchlight Business Book Award in Narrative & Biography
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- Q: What is the main theme of 'The Economists' Hour'? A: The main theme of 'The Economists' Hour' is the rise of economists in shaping economic policies over the past four decades, highlighting how their ideas have influenced American society and the global economy.
- Q: Who is the author of 'The Economists' Hour'? A: The author of 'The Economists' Hour' is Binyamin Appelbaum, a New York Times editorial writer.
- Q: What are some key figures discussed in the book? A: Key figures discussed in the book include Milton Friedman, Arthur Laffer, Walter Oi, Alfred Kahn, and Thomas Schelling, each of whom significantly influenced economic thought and policy.
- Q: What is the publication date of 'The Economists' Hour'? A: 'The Economists' Hour' was published on September 3, 2019.
- Q: How many pages does 'The Economists' Hour' have? A: 'The Economists' Hour' has a total of 448 pages.
- Q: What type of binding does 'The Economists' Hour' have? A: 'The Economists' Hour' is available in hardcover binding.
- Q: Is 'The Economists' Hour' suitable for readers interested in economics? A: Yes, 'The Economists' Hour' is suitable for readers interested in economics, as it provides a thorough and engaging account of the influence of economists on modern economic policies.
- Q: What awards has 'The Economists' Hour' won? A: 'The Economists' Hour' is a Wall Street Journal Business Bestseller and has won the Porchlight Business Book Award in Narrative & Biography.
- Q: What is the author's approach in 'The Economists' Hour'? A: The author, Binyamin Appelbaum, takes a critical approach in 'The Economists' Hour', examining both the impact of economic ideas and the shortcomings of the policies they inspired.
- Q: Does 'The Economists' Hour' address the consequences of economic policies? A: Yes, 'The Economists' Hour' addresses the consequences of economic policies, discussing how the focus on markets has affected economic equality and the health of liberal democracy.