Description
Book SynopsisA comprehensive account of the role of professional economists in the economic, social and environmental crises of the early 21st century
Trade Review'The financial crisis alerted the public to what some insiders have known for decades: mainstream economic ideas are seriously flawed. Chernomas and Hudson lay bare both the ideas and the equally flawed individuals behind them, from Milton Friedman to the ex-"Maestro" Alan Greenspan' -- Professor Steve Keen, author of Debunking Economics (Zed Books, 2011)
'In lucid and accessible prose, The Profit Doctrine shows how the post-war evolution of economic ideas has systematically favoured the profitability of big business over the interests of everyday people' -- Gary Dymski, Professor and Chair in Applied Economics, Leeds University Business School
Table of ContentsList of Boxes, Figures and Tables
List of Abbreviations
Acknowledgements
1. Prophets and Profits
2. The Contest of Economic Ideas: Survival of the Richest
3. The Consequences of Economic Ideas
4. Milton Friedman: The Godfather of the Age of Instability and Inequality
5. The Deregulationists: Public Choice and Private Gain
6. The Great Vacation: Rational Expectations and Real Business Cycles
7. Bursting Bubbles: Finance, Crisis and The Efficient Market Hypothesis
8. Economists Go to Washington: Ideas in Action
9. Conclusion: Dissenters and Victors
Bibliography
Index
