Economists and the Powerful: Convenient Theories, Distorted Facts, Ample Rewards (Anthem Other Canon Economics) Paperback – Import, 25 Sep 2012
by Norbert Haring (Author), Niall Douglas
by Norbert Haring (Author), Niall Douglas
As you will discover from reading this book, economics has been
molded typically to benefi t the wealthy and the interests of the elite
of the United States. Just as with the US political system, economics
has been captured by the powerful and they are not in the mood for
fairness. They are not even in the mood for discussion: you will not fi nd
academic articles about fairness in the top economics journals. Only
through having been caught so blatantly with their noses in the troughs
(e.g. the 2011 Academy Award–winning documentary Inside Job) has
the American Economic Association fi nally been forced to adopt an
ethical code, and that code is weak and incomplete compared with other
disciplines. Increasingly, and especially during the past ten years, there
is evidence that the US is beginning to doctor the numbers for measures
such as productivity and GDP to make itself look stronger and more
powerful than it actually is. In this it is copying its forebear, the British
Empire, which increasingly began to tell itself lies as it failed to arrest
its relative economic decline after the recession of 1873–79, until the
Second World War bankrupted and broke up its global hegemony.
Economics is supposed to be about revealing truth such that society
learns to become better than it was before. In this, it is supposed to be
like phy
molded typically to benefi t the wealthy and the interests of the elite
of the United States. Just as with the US political system, economics
has been captured by the powerful and they are not in the mood for
fairness. They are not even in the mood for discussion: you will not fi nd
academic articles about fairness in the top economics journals. Only
through having been caught so blatantly with their noses in the troughs
(e.g. the 2011 Academy Award–winning documentary Inside Job) has
the American Economic Association fi nally been forced to adopt an
ethical code, and that code is weak and incomplete compared with other
disciplines. Increasingly, and especially during the past ten years, there
is evidence that the US is beginning to doctor the numbers for measures
such as productivity and GDP to make itself look stronger and more
powerful than it actually is. In this it is copying its forebear, the British
Empire, which increasingly began to tell itself lies as it failed to arrest
its relative economic decline after the recession of 1873–79, until the
Second World War bankrupted and broke up its global hegemony.
Economics is supposed to be about revealing truth such that society
learns to become better than it was before. In this, it is supposed to be
like phy
Economists and the Powerful: Convenient Theories, Distorted Facts, Ample Rewards (Anthem Other Canon Economics) Paperback – Import, 25 Sep 2012
by Norbert Haring (Author), Niall Douglas
by Norbert Haring (Author), Niall Douglas
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