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Economism: Bad Economics and the Rise of Inequality by Kwak, James

by Kwak, James | HC | Good
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Approximately£5.20
Condition:
Good
Former library book; Pages can have notes/highlighting. Spine may show signs of wear. ~ ... Read moreAbout condition
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Last updated on 23 Jul, 2025 22:11:17 BSTView all revisionsView all revisions

Item specifics

Condition
Good
A book that has been read, but is in good condition. Minimal damage to the book cover eg. scuff marks, but no holes or tears. If this is a hard cover, the dust jacket may be missing. Binding has minimal wear. The majority of pages are undamaged with some creasing or tearing, and pencil underlining of text, but this is minimal. No highlighting of text, no writing in the margins, and no missing pages. See the seller’s listing for full details and description of any imperfections. See all condition definitionsopens in a new window or tab
Seller notes
“Former library book; Pages can have notes/highlighting. Spine may show signs of wear. ~ ...
Binding
Hardcover
Weight
1 lbs
Product Group
Book
IsTextBook
No
ISBN
9781101871195

About this product

Product Identifiers

Publisher
Knopf Doubleday Publishing Group
ISBN-10
1101871199
ISBN-13
9781101871195
eBay Product ID (ePID)
222136038

Product Key Features

Book Title
Economism : Bad Economics and the Rise of Inequality
Number of Pages
256 Pages
Language
English
Topic
Political Economy, Public Policy / Economic Policy, Economics / Theory
Publication Year
2017
Illustrator
Yes
Genre
Political Science, Business & Economics
Author
James Kwak
Format
Hardcover

Dimensions

Item Height
0.9 in
Item Weight
15.1 Oz
Item Length
8.8 in
Item Width
5.1 in

Additional Product Features

Intended Audience
Trade
LCCN
2016-024099
Reviews
"For generations, we've been told that there's a simple framework that can explain the mysteries of how the economy can create optimal outcomes for us all. What James Kwak shows us is that this set of ideas--what he calls 'economism'--is magical thinking; it's certainly not grounded in science and evidence. In this pithy book of accessible prose, Kwak begs us to contend with the messiness of the real world--and the inequality our economic system has spawned--before it's too late." --Heather Boushey, executive director and chief economist, Washington Center for Equitable Growth "In this beautiful and accessible book, James Kwak shows us how a simplistic idea about economics has captured policy-making to the detriment of sensible policy. No book better frames this pathology or better supplies the resources for resisting it." --Lawrence Lessig, Roy L. Furman Professor of Law and Leadership, Harvard Law School "For years, I've encountered people with a strong sense that many economic arguments in support of the status quo are not just inequitable, but wrong. With Economism, they've got the proof they've been waiting for, presented in language non-economists can understand." --Jared Bernstein, senior fellow, Center on Budget and Policy Priorities "The next time some smug friend insists that a higher minimum wage guarantees higher unemployment or that American medical care costs so much because government is so involved, give them the gift of Economism . Better yet, convince them the book will increase their utility, not to mention their knowledge of how markets really work. Kwak has written the myth-buster that our distorted economic debate needs. And he's made it fun--er, welfare-enhancing--to read." --Jacob S. Hacker, Stanley B. Resor Professor of Political Science, Yale University "In crisp prose, Kwak time and again debunks froshmoric economics platitudes to show why the minimum wage might decrease unemployment, why taxing profits might not reduce investment, and even why (gasp) free socialized medicine might not lead to overconsumption of health care." --Ian Ayres, William K. Townsend Professor of Law, Yale Law School "Makes an important case that the fetish of 'efficient markets' has distorted American politics. Kwak shows that it is bad economics but potent ideology, and it has distorted debates about labor law, international trade, and financial regulation. This clearly written book is an excellent dissection of some bad ideas that have been allowed to masquerade as common sense for too long." --Jedediah Purdy, Robinson O. Everett Professor of Law, Duke Law School "Politicians and pundits proclaim with the pomposity that many in Washington take to be gravitas that any tinkering with market forces will have unhappy results. But as Kwak shows, the dogma is often a self-serving pretext for policies that have led to extreme and growing concentration of income and wealth, and requires disregarding observable real-world experience." --Brad Miller, former member of the U.S. House of Representatives and the House Committee on Financial Services
Dewey Edition
23
Dewey Decimal
330
Table Of Content
Foreword by Simon Johnson xi 1 The Best of All Possible Worlds 3 2 The Magic of the Marketplace 18 3 The Long March of Economism 29 4 You Get What You Deserve 64 5 Incentives Are Everything 87 6 The Consumer Knows Best 108 7 Capital Unbound 130 8 It's a Small World After All 157 9 The Best Possible World--for Whom? 177 Acknowledgments191 Notes193 Index223
Synopsis
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 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.
LC Classification Number
HB71.K893 2016

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