Book : The Economists Hour False Prophets, Free Markets, And

-Titulo Original : The Economists Hour False Prophets, Free Markets, And The Fracture Of Society

-Fabricante :

Back Bay Books

-Descripcion Original:

In this lively and entertaining history of ideas (Liaquat Ahamed, The New Yorker), New York Times editorial writer Binyamin Appelbaum tells the story of the people who sparked four decades of economic revolution. Before the 1960s, American politicians paid little attention to economists. But as the post-World War II boom began to sputter, economists gained influence and power. Binyamin Appelbaum traces the rise of the economists, first in the United States and then around the globe, as their ideas reshaped the modern world, curbing government, unleashing corporations, and hastening globalization. Some leading figures in the field are relatively well-known, such as Milton Friedman and Arthur Laffer, while others stayed out of the limelight but left a lasting impact on modern life: Walter Oi, a blind economist who persuaded President Nixon to end military conscription; Alfred Kahn, who rejoiced in the crowded cabins on commercial flights as proof of his deregulation of air travel; and Thomas Schelling, who put a dollar value on human life. Their fundamental belief? That government should stop trying to manage the economy. Their guiding principle? That markets would deliver steady growth and ensure that all Americans shared in the benefits. But the economists hour failed to deliver on its promise of broad prosperity. And the single-minded embrace of markets has come at the expense of economic equality, the health of liberal democracy, and future generations. Timely, engaging, and expertly researched, The Economists Hour is a reckoning-and a call for people to rewrite the rules of the market. A Wall Street Journal Business BestsellerWinner of the Porchlight Business Book Award in Narrative & Biography Review Winner of the Porchlight Business Book Award in Narrative & Biography A New York Times Editors ChoiceA Wall Street Journal Business Bestseller One of Oprah Magazines Best Political Books to Read Ahead of the 2020 Election One of Book Riots 50 Best Books to Read this Fall One of Five Books Best Political Books of 2019One of Vanity Fairs Best Books of 2019One of MIT Technology Reviews Best Books of the YearHis book is a marvel of popular historical writing, propelled by anecdotes and just the right amount of explanation but also impressively well grounded in the latest academic research by historians, sociologists and others. Much of the territory it covers was familiar to me, but I was constantly learning new twists and nuances. Justin Fox, The New York TimesLively and entertaining...The Economists Hour is a reminder of the power of ideas to shape the course of history. Liaquat Ahamed, The New YorkerIt is, I will tell you - and this is not just me, a Marketplace geek, saying this - its fascinating. Its totally, totally fascinating. Kai Ryssdal, MarketplaceThe rise and fall of the Chicago School is chronicled by Binyamin Appelbaum in his admirable book The Economists Hour. As he shows, economists were treated as little more than backroom statisticians until the late 1960s.... Appelbaum argues that their heyday ended on October 13 2008, when the chief executives of Americas largest banks were marched into the US Treasury for a crisis meeting. He is surely correct. The mother of all Wall Street bailouts shattered the reputation economics had gained over the previous 40 years. Yet economists hubris lingers. Perhaps it is a lagging indicator. Economists might call it sticky. Edward Luce, Financial TimesThe Economists Hour provides a novel perspective on the conservative revolution that dominated the past half-century of American political history. James Kwak, The Washington PostA kind of ur-text, revealing the destructive role of centering economists in shaping public policy. Its not that we dont need economists and economic theory, but The Economists Hour patiently reveals the many times and multiple ways theyve had an outsized influence at key times and have st