ENGLISH

Economics for the Rest of Us

By Moshe Adler

Book information

Publisher
The New Press
Year
2019
ISBN
9781595585271, 9781595581013, 2009024968
Language
english
Format
EPUB
Filesize
9 MB (9276467 bytes)
Pages
\0
Time added
2023-10-19 14:06:52

Description

"Vivid case studies . . . Adler's frustration with wrongheaded economic thinking is as entertaining as it is thought provoking." —Publishers WeeklyWhy do so many contemporary economists consider food subsidies in starving countries, rent control in rich cities, and health insurance everywhere "inefficient"? Why do they feel that corporate executives deserve no less than their multimillion-dollar "compensation" packages and workers no more than their meager wages? Here is a lively and accessible debunking of the two elements that make economics the "science" of the rich: the definition of what is efficient and the theory of how wages are determined. The first is used to justify the cruelest policies, the second grand larceny.Filled with lively examples—from food riots in Indonesia to eminent domain in Connecticut and everyone from Adam Smith to Jeremy Bentham to Larry Summers—Economics for the Rest of Us shows how...

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