Rating: 5 out of 5 stars
5/5
Unavailable
Unavailable
Unavailable
Audiobook7 hours
Economism: Bad Economics and the Rise of Inequality
Written by James Kwak
Narrated by Mark Bramhall
Rating: 4.5 out of 5 stars
4.5/5
()
Currently unavailable
Currently unavailable
About this audiobook
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.
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.
Unavailable
Author
James Kwak
James Kwak is vice chair of the Southern Center for Human Rights, former professor of law at the University of Connecticut, author of Economism: Bad Economics and the Rise of Inequality, and co-author with Simon Johnson of White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You, and the New York Times bestseller 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. He is also the co-author of The Baseline Scenario, a leading blog on economics and public policy. The co-author, with Stephen Bright, of The Fear of Too Much Justice (The New Press), he lives in Amherst, Massachusetts.
Related to Economism
Related audiobooks
50 Economics Classics: Your shortcut to the most important ideas on capitalism, finance, and the global economy The Progress Illusion: Reclaiming Our Future from the Fairytale of Economics Rating: 5 out of 5 stars5/5Learn and Understand Economic History Rating: 4 out of 5 stars4/5Money and Power: The World Leaders Who Changed Economics Rating: 0 out of 5 stars0 ratingsMisunderstanding Financial Crises: Why We Don't See Them Coming Rating: 4 out of 5 stars4/5Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It Rating: 4 out of 5 stars4/5Aftershock: The Next Economy and America's Future Rating: 4 out of 5 stars4/5The Shifts and the Shocks: What We've Learned and Have Still to Learn From the Financial Crisis Rating: 4 out of 5 stars4/5The Tyranny Dead Ideas: Revolutionary Thinking for a New Age of Prosperity Rating: 3 out of 5 stars3/5Freedom or Equality: The Key to Prosperity Through Social Capitalism Rating: 0 out of 5 stars0 ratingsWhat Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems Rating: 5 out of 5 stars5/5The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself Rating: 5 out of 5 stars5/5The Wall and the Bridge: Fear and Opportunity in Disruption's Wake Rating: 0 out of 5 stars0 ratingsThe Price of Inequality: How Today's Divided Society Endangers Our Future Rating: 4 out of 5 stars4/5The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations Rating: 4 out of 5 stars4/5Confronting Capitalism: Real Solutions for a Troubled Economic System Rating: 4 out of 5 stars4/5How an Economy Grows and Why It Crashes Rating: 4 out of 5 stars4/5The Opportunity Index: A Solution-Based Framework to Dismantle the Racial Wealth Gap Rating: 0 out of 5 stars0 ratingsBourgeois Dignity: Why Economics Can't Explain the Modern World Rating: 4 out of 5 stars4/5The Death of Capital: How New Policy Can Restore Stability Rating: 3 out of 5 stars3/5Saving Capitalism: For the Many, Not the Few Rating: 4 out of 5 stars4/5Cogs and Monsters: What Economics Is, and What It Should Be Rating: 4 out of 5 stars4/5Doing Virtuous Business: The Remarkable Success of Spiritual Enterprise Rating: 4 out of 5 stars4/5Life After Capitalism: The Meaning of Wealth, the Future of the Economy, and the Time Theory of Money Rating: 5 out of 5 stars5/5The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism Rating: 5 out of 5 stars5/5Going Big: FDR's Legacy, Biden's New Deal, and the Struggle to Save Democracy Rating: 5 out of 5 stars5/5A New Capitalism: Creating A Just Economy That Works for All Rating: 0 out of 5 stars0 ratingsNaked Economics: Undressing the Dismal Science Rating: 4 out of 5 stars4/5Seventeen Contradictions and the End of Capitalism Rating: 5 out of 5 stars5/5People, Power, and Profits: Progressive Capitalism for an Age of Discontent Rating: 4 out of 5 stars4/5
Politics For You
Leave the World Behind: A Novel Rating: 3 out of 5 stars3/5While Time Remains: A North Korean Girl's Search for Freedom in America Rating: 4 out of 5 stars4/5The 48 Laws of Power Rating: 5 out of 5 stars5/5The Warmth of Other Suns: The Epic Story of America's Great Migration Rating: 5 out of 5 stars5/5Enough Rating: 5 out of 5 stars5/5An Indigenous Peoples' History of the United States Rating: 4 out of 5 stars4/5All the Sinners Bleed: A Novel Rating: 5 out of 5 stars5/5Factfulness: Ten Reasons We're Wrong About the World--and Why Things Are Better Than You Think Rating: 4 out of 5 stars4/5Cobalt Red: How the Blood of the Congo Powers Our Lives Rating: 5 out of 5 stars5/5The Overstory Rating: 4 out of 5 stars4/5Black AF History: The Un-Whitewashed Story of America Rating: 5 out of 5 stars5/5Behold a Pale Horse Rating: 5 out of 5 stars5/5The Kingdom, the Power, and the Glory: American Evangelicals in an Age of Extremism Rating: 5 out of 5 stars5/5The Color of Law: A Forgotten History of How Our Government Segregated America Rating: 5 out of 5 stars5/5Razorblade Tears: A Novel Rating: 5 out of 5 stars5/5Jesus and John Wayne: How White Evangelicals Corrupted a Faith and Fractured a Nation Rating: 5 out of 5 stars5/5The Radium Girls: The Dark Story of America's Shining Women Rating: 4 out of 5 stars4/5The Only Plane in the Sky: An Oral History of September 11, 2001 Rating: 5 out of 5 stars5/5Out of the Wreckage Rating: 4 out of 5 stars4/5Elon Musk Rating: 5 out of 5 stars5/5Son of Hamas: A Gripping Account of Terror, Betrayal, Political Intrigue, and Unthinkable Choices Rating: 4 out of 5 stars4/5You Can't Joke About That: Why Everything Is Funny, Nothing Is Sacred, and We’re All in This Together Rating: 4 out of 5 stars4/5How to Do Nothing: Resisting the Attention Economy Rating: 4 out of 5 stars4/5Small Mercies: A Novel Rating: 4 out of 5 stars4/5The Nazi Conspiracy: The Secret Plot to Kill Roosevelt, Stalin, and Churchill Rating: 4 out of 5 stars4/5Manufacturing Consent: The Political Economy of the Mass Media Rating: 4 out of 5 stars4/5The Righteous Mind: Why Good People Are Divided by Politics and Religion Rating: 5 out of 5 stars5/5An American Marriage: A Novel Rating: 4 out of 5 stars4/5
Related podcast episodes
Nick Romeo, "The Alternative: How to Build a Just Economy" (PublicAffairs, 2024): An interview with Nick Romeo 0% found this document usefulNick Romeo, "The Alternative: How to Build a Just Economy" (PublicAffairs, 2024): An interview with Nick Romeo 0% found this document usefulNick Romeo, "The Alternative: How to Build a Just Economy" (PublicAffairs, 2024): An interview with Nick Romeo 0% found this document usefulIs it Possible to be a Neoliberal Feminist? 0% found this document usefulDebt and inequality in postgrowth economies: lessons from history - Tilman Hartley 0% found this document usefulThe Economists' Hour with Binyamin Appelbaum 0% found this document usefulA Conversation with Greg Mankiw: Financial Crisis, Recessions and Communicating Economics 0% found this document usefulJoshua Preiss, "Just Work for All: The American Dream in the 21st Century" (Taylor & Francis, 2020) 0% found this document usefulSUMMER SCHOOL 1: Recessions & Rap Battles 0% found this document usefulJan Toporowski Explains Why Capitalists Dislike Full Employment 0% found this document useful
Related articles
Embedding The Economy–with Care New InternationalistArticle
Embedding The Economy–with Care
Oct 15, 2020
5 min readThe End of Economics? Foreign Policy MagazineArticle
The End of Economics?
Jan 22, 2019
5 min readWheel Of Fortune Guardian WeeklyArticle
Wheel Of Fortune
Oct 7, 2022
3 min readWealth By Stealth New Zealand ListenerArticle
Wealth By Stealth
Jul 17, 2022
10 min readMichael Hiltzik: America Is Falling Out Of Love With Billionaires, And It's About Time Los Angeles TimesArticle
Michael Hiltzik: America Is Falling Out Of Love With Billionaires, And It's About Time
Feb 1, 2019
Our emerging political debate over taxing the rich seems to be getting bogged down in details - how high a tax rate, should we tax income or wealth, etc., etc. But this fixation on nuts and bolts is obscuring what may be the most important aspect of
5 min readMises’s Human Action and Its Place in Science and Intellectual Culture The Independent ReviewArticle
Mises’s Human Action and Its Place in Science and Intellectual Culture
Jan 1, 2020
I consider Ludwig von Mises’s Human Action: A Treatise on Economics the greatest work in economics and political economy in the twentieth century, and it ranks in the top five books of all time in the discipline, alongside Wealth of Nations by Adam S
14 min readThe Keynesian Revolution and Our Empty Economy: We’re All Dead The Independent ReviewArticle
The Keynesian Revolution and Our Empty Economy: We’re All Dead
Jan 1, 2020
By Victor V. Claar and Greg Forster New York: Palgrave Macmillan, 2019. Pp. xvii, 345. $89 hardcover. Is our economic system struggling on many dimensions? Is the practice of economics responsible for the problems in the economy? Can we identify the
5 min readEconomics: The Discipline That Refuses to Change The AtlanticArticle
Economics: The Discipline That Refuses to Change
Dec 14, 2018
4 min readEven My Business-School Students Have Doubts About Capitalism The AtlanticArticle
Even My Business-School Students Have Doubts About Capitalism
Jan 2, 2022
6 min readFear The Vibe Shift: Are We Entering A Recession? NPRArticle
Fear The Vibe Shift: Are We Entering A Recession?
May 31, 2022
5 min readThe Spirit Of Enterprise Will Give Rise To Growth Farmer's WeeklyArticle
The Spirit Of Enterprise Will Give Rise To Growth
Jun 17, 2022
4 min readA Cause For Celebration AQ: Australian QuarterlyArticle
A Cause For Celebration
Sep 30, 2020
15 min readThe Tyranny of Zombie Economics in America The AtlanticArticle
The Tyranny of Zombie Economics in America
Sep 6, 2011
3 min readKate Raworth New InternationalistArticle
Kate Raworth
Dec 18, 2019
7 min readWhat Is The Stock Market Trying To Tell Us? NPRArticle
What Is The Stock Market Trying To Tell Us?
Jun 16, 2020
4 min readHow the American Dream became Unaffordable ReasonArticle
How the American Dream became Unaffordable
Mar 20, 2020
1 min readBad Ideas Are Spreading Like The Plague ReasonArticle
Bad Ideas Are Spreading Like The Plague
Jun 21, 2019
4 min readRoadblocks To Reform New Zealand ListenerArticle
Roadblocks To Reform
May 2, 2021
3 min readGive People Money Immediately The AtlanticArticle
Give People Money Immediately
Mar 10, 2020
2 min readThe Appealing Logic That Underlies Trump’s Economic Ideas The AtlanticArticle
The Appealing Logic That Underlies Trump’s Economic Ideas
Mar 15, 2017
6 min readAusterity Mother JonesArticle
Austerity
Feb 15, 2023
2 min readWhat Is Supply-Side Economics? Four Decades Later Wikipedia and Academic Economists Still Don’t Know The Independent ReviewArticle
What Is Supply-Side Economics? Four Decades Later Wikipedia and Academic Economists Still Don’t Know
Nov 1, 2020
It is difficult for truth to emerge anywhere. History, politics, science, medicine, crime and punishment, any academic subject, neighborhood gossip—wherever one looks, falsehood abounds. It is no different for supply-side economics. It has been four
6 min readNarratives And Numbers Finweek - EnglishArticle
Narratives And Numbers
May 15, 2020
3 min readWhy Are So Many Americans Quitting Their Jobs? NPRArticle
Why Are So Many Americans Quitting Their Jobs?
Oct 19, 2021
4 min readThere’s Nothing Modern About Mmt ReasonArticle
There’s Nothing Modern About Mmt
Apr 22, 2021
4 min readThe Abandonment Of Growth And The Decline Of The West The Independent ReviewArticle
The Abandonment Of Growth And The Decline Of The West
Sep 15, 2022
From the founding of the republic to the turn of the millennium, America’s core economic creed was growth. That growth religion enabled the United States to become the world’s richest and most powerful nation, and dramatically improved Americans’ qua
42 min readFrom The Editor Foreign Policy MagazineArticle
From The Editor
Jul 20, 2021
WHEN U.S. PRESIDENT JOE BIDEN signed the $1.9 trillion American Rescue Plan into law, he sanctioned a coronavirus relief package that was about as historic as the pandemic itself. The sheer size of the fiscal injection was greater than the annual eco
2 min readA Thanksgiving For Capitalism This Christmas MoneyWeekArticle
A Thanksgiving For Capitalism This Christmas
Dec 22, 2023
6 min readThe Investment We Need To Make Capitalism Work For All Finweek - EnglishArticle
The Investment We Need To Make Capitalism Work For All
Jun 19, 2020
‘Capitalism’ has been misunderstood since it was coined in the 19th century. The term was first used as a criticism of the rising income gap between factory workers and factory owners. But until the early 20th century, it was rarely used; Karl Marx o
4 min readFollow The Money BBC History MagazineArticle
Follow The Money
Aug 31, 2023
2 min read
Reviews for Economism
Rating: 4.333333333333333 out of 5 stars
4.5/5
3 ratings0 reviews