Economists and the Powerful

Convenient Theories, Distorted Facts, Ample Rewards

By (author) Norbert Häring, Niall Douglas

Publication date:

01 October 2012

Publisher

Anthem Press

Dimensions:

216x140mm
6x9"

ISBN-13: 9780857285461

“Economists and the Powerful: Convenient Theories, Distorted Facts, Ample Rewards” explores the workings of the modern global economy – an economy in which competition has been corrupted and power has a ubiquitous influence upon economic behavior. Based on empirical and theoretical studies by distinguished economists from both the past and present day, this book argues that the true workings of capitalism are very different from the popular myths voiced in mainstream economics. Offering a closer look at the history of economic doctrines – as well as how economists are incentivized – “Economists and the Powerful” exposes how, when and why the theme of power was erased from the radar screens of mainstream economic analysis – and the influence this subversive removal has had upon the modern financial world.

Introduction; Chapter 1. The Economics of the Powerful; Chapter 2. Money is Power; Chapter 3. The Power of the Corporate Elite; Chapter 4. Market Power; Chapter 5. Power at Work; Chapter 6. The Power to Set the Rules of the Game; Afterword; References; Index

“Weaving the intellectual history of economics with economic history, this book presents thoughtful and often courageous arguments that help us understand how power exists everywhere – not just in politics, as the powerful and the economists who serve them want you to think, but in markets, boardrooms, workplaces, and, last but not least, in academia. Essential reading for those who are interested in reforming our economies and changing the world for the better.” —Ha-Joon Chang, University of Cambridge, author of “Kicking Away the Ladder” and “23 Things They Don't Tell You About Capitalism”