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The Delusions Of Economics
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Book Synopsis The Delusions of Economics by : Gilbert Rist
Download or read book The Delusions of Economics written by Gilbert Rist and published by Zed Books Ltd.. This book was released on 2011-11-24 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Delusions of Economics, Gilbert Rist presents a radical critique of neoclassical economics from a social and historical perspective. Rather than enter into existing debates between different orthodoxies, Rist instead explores the circumstances that prevailed when economics was 'invented', and the resultant biases that helped forge the construction of economics as a 'science'. In doing so, Rist demonstrates how these various presuppositions are either obsolete or just plain wrong, and that traditional economics is largely based on irrational convictions that are difficult to debunk due to their 'religious' nature. As a result, we are prevented from properly understanding the world around us and dealing with the financial, environmental, and climatic crises that lie ahead. Provocative and original, this essential book provides incontrovertible proof that the construction of a new economic paradigm - pluralistic, ecologically compatible, grounded in reality - has now become a necessity.
Book Synopsis Delusions of Power by : Robert Higgs
Download or read book Delusions of Power written by Robert Higgs and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Delusions of Power, economic historian Robert Higgs calls into question our ingrained notions concerning the nature of the state and democracy. Higgs uproots the foundation stone upon which the state's powers have rested and grown unchecked by the public. Beginning with the Founding Fathers and moving forward, Higgs reassesses the world wars, the Great Depression and the New Deal, and the financial debacle that began in 2008 with the view of demonstrating Americans' loss of liberties. He brings together the crisis in policymaking; key political actors and events; and the impact of war on the economy and civil liberties. For Higgs, war, and the cost of it, has had a major impact of war on the economy and civil liberties. For Higgs, war, and the cost of it, has had a major impact on American life and freedom. Through reading Higg's work, one will gain a new understanding of the state's power, democracy, and the issues threatening the pursuit of liberty. Book jacket.
Book Synopsis The Growth Delusion by : David Pilling
Download or read book The Growth Delusion written by David Pilling and published by Crown. This book was released on 2018-01-30 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: A provocative critique of the pieties and fallacies of our obsession with economic growth We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, set the framework for public debate. Ultimately, it is the perceived health of the economy which determines how much we can spend on our schools, highways, and defense; economists decide how much unemployment is acceptable and whether it is right to print money or bail out profligate banks. The backlash we are currently witnessing suggests that people are turning against the experts and their faulty understanding of our lives. Despite decades of steady economic growth, many citizens feel more pessimistic than ever, and are voting for candidates who voice undisguised contempt for the technocratic elite. For too long, economics has relied on a language which fails to resonate with people's actual experience, and we are now living with the consequences. In this powerful, incisive book, David Pilling reveals the hidden biases of economic orthodoxy and explores the alternatives to GDP, from measures of wealth, equality, and sustainability to measures of subjective wellbeing. Authoritative, provocative, and eye-opening, The Growth Delusion offers witty and unexpected insights into how our society can respond to the needs of real people instead of pursuing growth at any cost.
Book Synopsis The Delusions of Crowds by : William J. Bernstein
Download or read book The Delusions of Crowds written by William J. Bernstein and published by Grove Press. This book was released on 2021-02-23 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: This “disturbing yet fascinating” exploration of mass mania through the ages explains the biological and psychological roots of irrationality (Kirkus Reviews). From time immemorial, contagious narratives have spread through susceptible groups—with enormous, often disastrous, consequences. Inspired by Charles Mackay’s nineteenth-century classic Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, neurologist and author William Bernstein examines mass delusion through the lens of current scientific research in The Delusions of Crowds. Bernstein tells the stories of dramatic religious and financial mania in western society over the last five hundred years—from the Anabaptist Madness of the 1530s to the dangerous End-Times beliefs that pervade today’s polarized America; and from the South Sea Bubble to the Enron scandal and dot com bubbles. Through Bernstein’s supple prose, the participants are as colorful as their “desire to improve one’s well-being in this life or the next.” Bernstein’s chronicles reveal the huge cost and alarming implications of mass mania. He observes that if we can absorb the history and biology of this all-too-human phenomenon, we can recognize it more readily in our own time, and avoid its frequently dire impact.
Book Synopsis Equality, the Third World, and Economic Delusion by : Péter Tamás Bauer
Download or read book Equality, the Third World, and Economic Delusion written by Péter Tamás Bauer and published by Harvard University Press. This book was released on 1981 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even in impoverished countries lacking material and human resources, P. T. Bauer argues, economic growth is possible under the right conditions. These include a certain amount of thrift and enterprise among the people, social mores and traditions which sustain them, and a firm but limited government which permits market forces to work. Challenging many views about development that are widely held, Bauer takes on squarely the notion that egalitarianism is an appropriate goal. He goes on to argue that the population explosion of less-developed countries has on the whole been a voluntary phenomenon and that each new generation has lived better than its forebears. He also critically examines the notion that the policies and practices of Western nations have been responsible for third world poverty. In a major chapter, he reviews the rationalizations for foreign aid and finds them weak; while in another he shows that powerful political clienteles have developed in the Western nations supporting the foreign aid process and probably benefiting more from it than the alleged recipients. Another chapter explores the link between the issue of Special Drawing Rights by the International Monetary Fund on the one hand and the aid process on the other. Throughout the book, Bauer carefully examines the evidence and the light it throws on the propositions of development. Although the results of his analysis contradict the conventional wisdom of development economics, anyone who is seriously concerned with the subject must take them into account.
Book Synopsis Debt and Delusion by : Peter Warburton
Download or read book Debt and Delusion written by Peter Warburton and published by . This book was released on 1999 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Halo Effect by : Phil Rosenzweig
Download or read book The Halo Effect written by Phil Rosenzweig and published by Simon and Schuster. This book was released on 2008-12-09 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do some companies prosper while others fail? Despite great amounts of research, many of the studies that claim to pin down the secret of success are based in pseudoscience. THE HALO EFFECT is the outcome of that pseudoscience, a myth that Philip Rosenzweig masterfully debunks in THE HALO EFFECT. THE HALO EFFECT highlights the tendency of experts to point to the high financial performance of a successful company and then spread its golden glow to all of the company's attributes - clear strategy, strong values, and brilliant leadership. But in fact, as Rosenzweig clearly illustrates, the experts are not just wrong, but deluded. Rosenzweig suggests a more accurate way to think about leading a company, a robust and clearheaded approach that can save any business from ultimate failure.
Book Synopsis Economics in One Lesson by : Henry Hazlitt
Download or read book Economics in One Lesson written by Henry Hazlitt and published by Crown Currency. This book was released on 2010-08-11 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.
Book Synopsis The Delusion of Progress by : Pierre Chomat
Download or read book The Delusion of Progress written by Pierre Chomat and published by Universal-Publishers. This book was released on 2008 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Delusion of Progress Pierre-Auguste Chomat portrays a young individual who gradually becomes an unconditional believer in progress and a full member of an industrial society that sets almost no limits to its material development. The case presented by the author defines Western Society as a whole. Industrialized countries take for granted that Progress characterizes Man and is a natural movement of his being. We have faith in Progress. We do not question its values. Progress "exists" the way God "exists." We have become fundamentalists of Progress. Our societal behavior has some severe flaws. Most critically, it is exhausting the resources on which it is based and the damage that it is inflicting on Earth is often irreversible, putting life as we know it in jeopardy. The momentum that maintains our civilization is suicidal. We are on the brink of an ecosystem and economic planetary crisis never before seen in human history. Chomat thrusts upon us quintessential questions. Why, in the name of Progress, do we behave like an irresponsible species? Will we be able to exist outside our cybernetic world? Do we still know how to live in a sustainable manner? How to be a being?
Book Synopsis Economist on Wall Street (Peter L. Bernstein's Finance Classics) by : Peter L. Bernstein
Download or read book Economist on Wall Street (Peter L. Bernstein's Finance Classics) written by Peter L. Bernstein and published by John Wiley & Sons. This book was released on 2008-10-03 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity—which have forewords by financial luminaries and new introductions by the author—you can enjoy some of the best of Bernstein in his earlier Wall Street days. Peter Bernstein's Economist on Wall Street is a collection of writings from 1955 to 1970. The book is especially interesting because so many of Bernstein's observations reflect the most important issues of the present—the outlook for inflation and its control, the intricacies of monetary policy, the future of the dollar, and the dilemmas of household finances. Bernstein was also concerned with developments in portfolio management, including the new influence of institutional investors and rules for optimal asset mixes. He provides light touches, too, as he indulges in fantasies and philosophical musings over a wide variety of topics. With so many years of hindsight, we should not be surprised to find some of Bernstein's predictions running awry. But why? In each instance, these forecasts were biased by memories of the past. There is a big lesson to be learned there. Economist on Wall Street is a remarkable book, with lasting relevance and keen insights into the art of investment management, the capital markets, gold and the dollar, and the fun of being alive.
Book Synopsis The Betrayal of American Prosperity by : Clyde Prestowitz
Download or read book The Betrayal of American Prosperity written by Clyde Prestowitz and published by Simon and Schuster. This book was released on 2010-05-11 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: CONSIDER THIS SHOCKING FACT: while China’s number one export to the United States is $46 billion of computer equipment, the number one export from the U.S. to China is waste—$7.6 billion of waste paper and scrap metal. Bestselling author Clyde Prestowitz reveals the astonishing extent of the erosion of the fundamental pillars of American economic might—beginning well before the 2008 financial crisis—and the great challenge we face for the future in competing with the economic juggernaut of China and the other fast-rising economies. As the arresting facts he introduces show, the U.S. is rapidly losing the basis of its wealth and power, as well as its freedom of action and independence. If we do not make dramatic changes quickly, we will confront a painful permanent slide in our standard of living; the dollar will no longer be the world’s currency; our military strength will be whittled away; and we will be increasingly subject to the will of China, Russia, Saudi Arabia, and various malcontents. But it doesn’t have to be that way. As Prestowitz shows in a masterful account of how we’ve come to this fateful juncture, we have inflicted our economic decline on ourselves—we abandoned the extraordinary approach to growth that drove the country’s remarkable rise to superpower status from the early days of the republic up through World War II. For most of our history, we supported our home industries, protected our market against unfair trade, made the world’s finest products—leading the way in technological innovation—and we were strong savers. But in the post-WWII era, we reversed course as our leadership embraced a set of simplistically attractive but disastrously false ideas—that consumption rather than production should drive our economy; that free trade is always a win-win; that all globalization is good; that the market is always right and government regulation or intervention in the economy always causes more harm than good; and that it didn’t matter that our factories were fleeing overseas because we were moving to the "higher ground" of services. In a devastating account, Prestowitz shows just how flawed this orthodoxy is and how it has gutted the American economy. The 2008 financial crisis was only its most blatant and recent consequence. It is time to abandon these false doctrines and to get back to the American way of growth that brought us to world leadership; Prestowitz presents a deeply researched and powerful set of highly practical steps that we can begin implementing immediately to reverse course and restore our economic leadership and excellence. The Betrayal of American Prosperity is vital reading for all Americans concerned about the future of the economy and of our power in the coming era.
Book Synopsis Science for Sale by : Daniel S. Greenberg
Download or read book Science for Sale written by Daniel S. Greenberg and published by University of Chicago Press. This book was released on 2008-09-15 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years the news media have been awash in stories about increasingly close ties between college campuses and multimillion-dollar corporations. Our nation’s universities, the story goes, reap enormous windfalls patenting products of scientific research that have been primarily funded by taxpayers. Meanwhile, hoping for new streams of revenue from their innovations, the same universities are allowing their research—and their very principles—to become compromised by quests for profit. But is that really the case? Is money really hopelessly corrupting science? With Science for Sale, acclaimed journalist Daniel S. Greenberg reveals that campus capitalism is more complicated—and less profitable—than media reports would suggest. While universities seek out corporate funding, news stories rarely note that those industry dollars are dwarfed by government support and other funds. Also, while many universities have set up technology transfer offices to pursue profits through patents, many of those offices have been financial busts. Meanwhile, science is showing signs of providing its own solutions, as highly publicized misdeeds in pursuit of profits have provoked promising countermeasures within the field. But just because the threat is overhyped, Greenberg argues, doesn’t mean that there’s no danger. From research that has shifted overseas so corporations can avoid regulations to conflicts of interest in scientific publishing, the temptations of money will always be a threat, and they can only be countered through the vigilance of scientists, the press, and the public. Based on extensive, candid interviews with scientists and administrators, Science for Sale will be indispensable to anyone who cares about the future of scientific research.
Book Synopsis A History of Delusions by : Victoria Shepherd
Download or read book A History of Delusions written by Victoria Shepherd and published by Simon and Schuster. This book was released on 2022-06-02 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘Fascinating and compassionate’ Horatio Clare The King of France – thinking he was made of glass – was terrified he might shatter…and he wasn’t alone. After the Emperor met his end at Waterloo, an epidemic of Napoleons piled into France’s asylums. Throughout the nineteenth century, dozens of middle-aged women tried to convince their physicians that they were, in fact, dead. For centuries we’ve dismissed delusions as something for doctors to sort out behind locked doors. But delusions are more than just bizarre quirks – they hold the key to collective anxieties and traumas. In this groundbreaking history, Victoria Shepherd uncovers stories of delusions from medieval times to the present day and implores us to identify reason in apparent madness.
Download or read book Imperial Delusions written by Carl Boggs and published by Rowman & Littlefield. This book was released on 2005 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this hard-hitting critique, Carl Boggs argues that the United States is dominated by a new militarism, one that has become more potent and menacing since 9/11. He skillfully explores the origins and development of this new militarism and show its devastating effects on American society.
Book Synopsis The Platform Delusion by : Jonathan A. Knee
Download or read book The Platform Delusion written by Jonathan A. Knee and published by Penguin. This book was released on 2021-09-07 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: An investment banker and professor explains what really drives success in the tech economy Many think that they understand the secrets to the success of the biggest tech companies: Facebook, Amazon, Apple, Netflix, and Google. It's the platform economy, or network effects, or some other magical power that makes their ultimate world domination inevitable. Investment banker and professor Jonathan Knee argues that the truth is much more complicated--but entrepreneurs and investors can understand what makes the giants work, and learn the keys to lasting success in the digital economy. Knee explains what really makes the biggest tech companies work: a surprisingly disparate portfolio of structural advantages buttressed by shrewd acquisitions, strong management, lax regulation, and often, encouraging the myth that they are invincible to discourage competitors. By offering fresh insights into the true sources of strength and very real vulnerabilities of these companies, The Platform Delusion shows how investors, existing businesses, and startups might value them, compete with them, and imitate them. The Platform Delusion demystifies the success of the biggest digital companies in sectors from retail to media to software to hardware, offering readers what those companies don't want everyone else to know. Knee's insights are invaluable for entrepreneurs and investors in digital businesses seeking to understand what drives resilience and profitability for the long term.
Book Synopsis Delusions of Everyday Life by : Leonard Shengold
Download or read book Delusions of Everyday Life written by Leonard Shengold and published by Yale University Press. This book was released on 1995-01-01 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are all more primitive and irrational than we care to acknowledge, says Dr. Leonard Shengold in this profound and eloquent book. We all suffer to some degree from delusions--vestiges of infantile mental functioning that continue into adult life and that at times of crisis manifest themselves in narcissistic thoughts of omnipotence, immortality, or perfection. Dr. Shengold argues that we can never eliminate these delusions of everyday life, but we can lessen their effect if we acknowledge, or "own", them. He asserts that insight into what we are and what has happened to us is a prerequisite for caring about others and for accepting the transient conditions of life--both necessary to attain happiness. Dr. Shengold discusses delusions we all experience as well as delusions associated with paranoia, perversions, being in love, and identification with delusional parents. He illustrates his ideas by referring to the lives and works of such literary figures as Shakespeare, Swift, Tolstoy, Pascal, Rilke, Randall Jarrell, Dickens, Hardy, and, especially, Samuel Butler. Dr. Shengold also brings in relevant clinical material because, as he points out, delusions of everyday life are at the heart of misunderstanding and conflict in life and of resistance to change in psychological treatment. These delusions must be attenuated if therapy is to be successful.
Book Synopsis Delusions of Gender by : Cordelia Fine
Download or read book Delusions of Gender written by Cordelia Fine and published by Icon Books Ltd. This book was released on 2005-02-01 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: THE BRILLIANT AND HUGELY INFLUENTIAL BOOK BY THE WINNER OF THE 2017 ROYAL SOCIETY INSIGHT INVESTMENT SCIENCE BOOKS PRIZE 'Fun, droll yet deeply serious.' New Scientist 'A brilliant feminist critic of the neurosciences ... Read her, enjoy and learn.' Hilary Rose, THES 'A witty and meticulously researched exposé of the sloppy studies that pass for scientific evidence in so many of today's bestselling books on sex differences.' Carol Tavris, TLS Gender inequalities are increasingly defended by citing hard-wired differences between the male and female brain. That's why, we're told, there are so few women in science, so few men in the laundry room – different brains are just suited to different things. With sparkling wit and humour, Cordelia Fine attacks this 'neurosexism', revealing the mind's remarkable plasticity, the substantial influence of culture on identity, and the malleability of what we consider to be 'hardwired' difference. This modern classic shows the surprising extent to which boys and girls, men and women are made – not born.
