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THE EXPANDED SECOND EDITION OF THE ACCLAIMED ''MONEY, BLOOD AND REVOLUTION''

Economics is a broken science, living in a kind of Alice in Wonderland state believing in multiple inconsistent things at the same time. Prior to the financial crisis, mainstream economics argued simultaneously for small government on taxation, regulation and spending, but big government on monetary policy. After the financial crisis, economics is now arguing for more government spending and for less government spending.

The premise of this book is that the internal inconsistencies between economic theories - the apparently unresolvable debates between leading economists and the incoherent policies of our governments - are symptomatic of economics being in a crisis. Specifically, in a scientific crisis.

The good news is that, thanks to the work of scientist and philosopher Thomas Kuhn, we know what needs to be done to fix a scientific crisis. Moreover, there are two scientists in parti

Fixing Economics

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THE EXPANDED SECOND EDITION OF THE ACCLAIMED ''MONEY, BLOOD AND REVOLUTION''Economics is a broken science, living in a kind of... Read more

    Publisher: Harriman House Publishing
    Publication Date: 1/24/2016
    ISBN13: 9780857195524, 978-0857195524
    ISBN10: 0857195522

    Non Fiction , Business, Finance & Law

    Description

    THE EXPANDED SECOND EDITION OF THE ACCLAIMED ''MONEY, BLOOD AND REVOLUTION''

    Economics is a broken science, living in a kind of Alice in Wonderland state believing in multiple inconsistent things at the same time. Prior to the financial crisis, mainstream economics argued simultaneously for small government on taxation, regulation and spending, but big government on monetary policy. After the financial crisis, economics is now arguing for more government spending and for less government spending.

    The premise of this book is that the internal inconsistencies between economic theories - the apparently unresolvable debates between leading economists and the incoherent policies of our governments - are symptomatic of economics being in a crisis. Specifically, in a scientific crisis.

    The good news is that, thanks to the work of scientist and philosopher Thomas Kuhn, we know what needs to be done to fix a scientific crisis. Moreover, there are two scientists in parti

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