Economism by James Kwak audiobook

Economism: Bad Economics and the Rise of Inequality

By James Kwak
Read by Mark Bramhall

Random House Audio 9781101871195
7.25 Hours 1
Format : Digital Download (In Stock)
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    ISBN: 9781524703585

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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Summary

Summary

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.

Editorial Reviews

Editorial Reviews

“Narrator Mark Bramhall’s phrasing range and philosophical tone…[and] evenhanded delivery invite listeners to think about how abstract economic principles actually impact people in the real world…Written with equanimity and read with quiet, non-partisan enthusiasm, this is an audio that will motivate many listeners to look more carefully at economic policies promoted at all levels of government.” AudioFile
“Kwak’s work strikes a major blow for economic literacy…All readers, despite preexisting leanings, will find it both provocative and enlightening.” Library Journal (starred review)
“Kwak brings a refreshing irreverence to this upstart challenge to dogmatic ideas…Kwak, cofounder of a software company, has substantial business experience beyond the ivory tower, something all too rare among professional economists…It should be companion reading to every introductory economics text.” Publishers Weekly (starred review)

Reviews

Reviews

Author

Author Bio: James Kwak

Author Bio: James Kwak

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 PhD in intellectual history from the University of California at Berkeley and a JD degree 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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Details

Details

Available Formats : Digital Download
Category: Nonfiction/Business & Economics
Runtime: 7.25
Audience: Adult
Language: English