Description
Book SynopsisGene Epstein knows a thing or two about economic data. Before becoming the Economics Editor for Barron's in 1993, he was a senior economist at the New York Stock Exchange. Now in Econospinning, Epstein supplies readers with a book that attempts to cut through the veil of economic misinformation commonly reported in today's media.
Trade Review"Econospinning has everything going for it. The book's focus - how economists and publications mislead readers, often to buttress their ideological positions - is inherently important."--Australian Financial Review
"There is lots more to Epstein's book and it is all of the highest quality." (Quarterly Journal of Austrian Economics, Winter 2007)
Table of ContentsPreface.
Acknowledgments.
Chapter 1: Eldercare Fraud.
Chapter 2: Two Ways to Measure Employment.
Chapter 3: Bush League Economics.
Chapter 4: Long-Term Unemployment Myths.
Chapter 5: The Case of the Phantom Dropouts.
Chapter 6: Participation Rate Follies.
Chapter 7: What Does the Employment-Population Ratio Tell Us?
Chapter 8: May Average Hourly Earnings Rest in Peace.
Chapter 9: Hourly Compensation and the Unemployment Rate.
Chapter 10: Wages and Productivity.
Chapter 11: The Record Profit Boom That Never Happened.
Chapter 12: End the Monthly Madness: The Change in Payroll Employment Data.
Chapter 13: End the Monthly Madness: The Unemployment Rate.
Chapter 14: Greenspan Idolatry.
Chapter 15: Best-Selling Myths: Freakonomics.
Chapter 16:Best-Selling Myths: Nickel and Dimed.
Chapter 17: Dobbs and Jobs.
Afterword.
Notes.
Index.
