The Power to Destroy How Bad Economics Drove America's Decline

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The Power to Destroy How Bad Economics Drove America's Decline | 435.03 KB

Title: The Power to Destroy How Bad Economics Drove America's Decline
Author: James K. Galbraith
Category: Economic Policy, Economic History, Macroeconomics, Business & Finance
Language: English | 276 Pages | ISBN: 9780226850467

Description:

Acclaimed economist James K. Galbraith sounds an urgent alarm: how conventional economic ideas and policies are unequipped to account for the most daunting challenges of our geopolitical moment.
Amid a mounting sense of American decline, Americans live with a new kind of dissonance: economists announcing that everything is fundamentally fine. Where growth is steady, unemployment is low, prices are (somewhat) stable, and stocks are high-what's there to worry about?
The Power to Destroy shows that this dissonance reflects a failure to evolve. James K. Galbraith's incisive history of economic policy in this century is grounded in the fundamental problem that today's experts are still deploying tools from all yesterday's wars: obsolete economic ideas, measures, and doctrines focused on market functioning and crude economic indicators like output and prices. These methods, many of them honed a century ago against a vastly different social...

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