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Economism - Bad Economics and the Rise of Inequality-logo

Economism - Bad Economics and the Rise of Inequality

James Kwak

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.

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.
More Information

Description:

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.

Language:

English

Narrators:

Mark Bramhall

Length:

7h 16m


Chapters

Chapter 1
Chapter 1

00:17


Chapter 2
Chapter 2

00:08


Chapter 3
Chapter 3

00:19


Chapter 4
Chapter 4

06:38


Chapter 5
Chapter 5

05:20


Chapter 6
Chapter 6

05:29


Chapter 7
Chapter 7

06:25


Chapter 8
Chapter 8

06:20


Chapter 9
Chapter 9

05:58


Chapter 10
Chapter 10

06:01


Chapter 11
Chapter 11

06:01


Chapter 12
Chapter 12

05:11


Chapter 13
Chapter 13

08:17


Chapter 14
Chapter 14

05:22


Chapter 15
Chapter 15

05:09


Chapter 16
Chapter 16

07:11


Chapter 17
Chapter 17

08:17


Chapter 18
Chapter 18

05:36


Chapter 19
Chapter 19

05:50


Chapter 20
Chapter 20

06:10


Chapter 21
Chapter 21

06:17


Chapter 22
Chapter 22

08:05


Chapter 23
Chapter 23

05:56


Chapter 24
Chapter 24

05:43


Chapter 25
Chapter 25

06:50


Chapter 26
Chapter 26

05:27


Chapter 27
Chapter 27

05:39


Chapter 28
Chapter 28

05:40


Chapter 29
Chapter 29

04:50


Chapter 30
Chapter 30

08:08


Chapter 31
Chapter 31

07:10


Chapter 32
Chapter 32

03:20


Chapter 33
Chapter 33

04:38


Chapter 34
Chapter 34

04:24


Chapter 35
Chapter 35

08:08


Chapter 36
Chapter 36

06:17


Chapter 37
Chapter 37

07:36


Chapter 38
Chapter 38

04:10


Chapter 39
Chapter 39

06:05


Chapter 40
Chapter 40

04:33


Chapter 41
Chapter 41

05:47


Chapter 42
Chapter 42

05:08


Chapter 43
Chapter 43

05:09


Chapter 44
Chapter 44

04:48


Chapter 45
Chapter 45

06:23


Chapter 46
Chapter 46

05:25


Chapter 47
Chapter 47

07:52


Chapter 48
Chapter 48

06:36


Chapter 49
Chapter 49

05:00


Chapter 50
Chapter 50

04:47


Chapter 51
Chapter 51

06:41


Chapter 52
Chapter 52

04:31


Chapter 53
Chapter 53

08:25


Chapter 54
Chapter 54

08:30


Chapter 55
Chapter 55

08:45


Chapter 56
Chapter 56

07:12


Chapter 57
Chapter 57

07:55


Chapter 58
Chapter 58

07:37


Chapter 59
Chapter 59

07:43


Chapter 60
Chapter 60

07:15


Chapter 61
Chapter 61

08:09


Chapter 62
Chapter 62

05:24


Chapter 63
Chapter 63

05:34


Chapter 64
Chapter 64

05:09


Chapter 65
Chapter 65

06:04


Chapter 66
Chapter 66

07:11


Chapter 67
Chapter 67

09:00


Chapter 68
Chapter 68

04:53


Chapter 69
Chapter 69

05:13


Chapter 70
Chapter 70

08:44


Chapter 71
Chapter 71

05:27


Chapter 72
Chapter 72

08:20


Chapter 73
Chapter 73

00:33