Economism
Bad Economics and the Rise of Inequality
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Narrated by:
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Mark Bramhall
About this listen
Here is a bracing deconstruction of the framework for understanding the world that is learned as gospel in Economics 101, regardless of its imaginary assumptions and misleading half truths.
Economism: an ideology that distorts the valid principles and tools of introductory college economics, propagated by self-styled experts, zealous lobbyists, clueless politicians, and ignorant pundits.
In order to illuminate the fallacies of economism, James Kwak first offers a primer on supply and demand, market equilibrium, and social welfare: the underpinnings of most popular economic arguments. Then he provides a historical account of how economism became a prevalent mode of thought in the United States - focusing on the people who packaged Econ 101 into sound bites that were then repeated until they took on the aura of truth. He shows us how issues of moment in contemporary American society - labor markets, taxes, finance, health care, and international trade, among others - are shaped by economism, demonstrating in each case with clarity and élan how, because of its failure to reflect the complexities of our world, economism has had a deleterious influence on policies that affect hundreds of millions of Americans.
©2017 James Kwak (P)2017 Random House AudioListeners also enjoyed...
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Aftershock
- The Next Economy and America’s Future
- By: Robert B. Reich
- Narrated by: Robert Reich
- Length: 4 hrs and 30 mins
- Unabridged
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The author of 12 acclaimed books, Robert B. Reich is a Chancellor’s Professor of Public Policy at the University of California, Berkeley, and has served in three national administrations. While many blamed Wall Street for the financial meltdown, Aftershock points a finger at a national economy in which wealth is increasingly concentrated at the top - and where a grasping middle class simply does not have the resources to remain viable.
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Very plausible assessment of our economy
- By CAR TOP CAMPER on 10-06-10
By: Robert B. Reich
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Globalization and Its Discontents
- By: Joseph E. Stiglitz
- Narrated by: Derek Perkins
- Length: 10 hrs and 33 mins
- Unabridged
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This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national best-seller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank.
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Plea
- By Asma on 10-13-20
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Beyond Outrage
- What Has Gone Wrong with Our Economy and Our Democracy, and How to Fix Them
- By: Robert B. Reich
- Narrated by: Robert B. Reich
- Length: 3 hrs and 26 mins
- Unabridged
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Robert B. Reich urges Americans to get beyond mere outrage about the nation’s increasingly concentrated wealth and corrupt politics in order to mobilize and to take back our economy and democracy. Americans can’t rely only on getting good people elected, Reich argues, because nothing positive happens in Washington unless good people outside Washington are organized to help make those things happen after the election. But in order to be effectively mobilized, we need to see the big picture.
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Falls short
- By J. Klinghoffer on 11-04-13
By: Robert B. Reich
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The End of Normal
- The Great Crisis and the Future of Growth
- By: James K. Galbraith
- Narrated by: L. J. Ganser
- Length: 9 hrs and 27 mins
- Unabridged
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The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance.
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Radical Markets
- Uprooting Capitalism and Democracy for a Just Society
- By: Eric A. Posner, E. Glen Weyl
- Narrated by: James Conlan
- Length: 9 hrs and 7 mins
- Unabridged
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Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking - and pretty much all conventional thinking about markets, both for and against - on its head. The book reveals bold new ways to organize markets for the good of everyone.
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Terrible Reader ruins this book
- By Brian W. Veit on 10-30-18
By: Eric A. Posner, and others
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Why Save the Bankers?
- And Other Essays on Our Economic and Political Crisis
- By: Thomas Piketty, Seth Ackerman - translator
- Narrated by: LJ Ganser
- Length: 5 hrs and 1 min
- Unabridged
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Thomas Piketty's work has proved that unfettered markets lead to increasing inequality. Without meaningful regulation, capitalist economies will concentrate wealth in an ever smaller number of hands. Armed with this knowledge, democratic societies face a defining challenge: fending off a new aristocracy. For years Piketty has wrestled with this problem in his monthly newspaper column, which pierces the surface of current events to reveal the economic forces underneath.
By: Thomas Piketty, and others
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Free to Choose
- A Personal Statement
- By: Milton Friedman, Rose Friedman
- Narrated by: James Adams
- Length: 12 hrs and 15 mins
- Unabridged
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Milton Friedman and his wife, Rose, teamed up to write this most convincing and readable guide, which illustrates the crucial link between Adam Smith's capitalism and the free society. They show how freedom has been eroded and prosperity undermined through the rapid growth of governmental agencies, laws, and regulations.
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Fantastic
- By Erik on 01-21-08
By: Milton Friedman, and others
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13 Bankers
- The Wall Street Takeover and the Next Financial Meltdown
- By: Simon Johnson, James Kwak
- Narrated by: Erik Synnestvedt
- Length: 8 hrs and 59 mins
- Unabridged
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Even after the ruinous financial crisis of 2008, America is still beset by the depredations of an oligarchy that is now bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks, which together control assets amounting to more than 60 percent of the country's gross domestic product, these financial institutions (now more emphatically "too big to fail") continue to hold the global economy hostage.
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Easy to Understand and Comprehend
- By Kyle on 04-11-10
By: Simon Johnson, and others
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The Impulse Society
- America in the Age of Instant Gratification
- By: Paul Roberts
- Narrated by: Edoardo Ballerini
- Length: 9 hrs and 39 mins
- Unabridged
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Paul Robert digs down to the economic roots of the problem, shows how it has metastisized to affect every facet of our lives and our ability to navigate the future. In clear, cogent prose that mixes illuminating analysis and vibrant reporting, Roberts not only tells the fascinating story of how the impulse society came to be, but shows how, perhaps, a healthier society may still be possible.
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A Must-Listen for Millenials
- By Doug - Audible on 03-31-15
By: Paul Roberts
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The Battle
- How the Fight Between Free Enterprise and Big Government Will Shape America's Future
- By: Arthur C. Brooks
- Narrated by: Arthur C. Brooks
- Length: 3 hrs and 10 mins
- Unabridged
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America faces a new culture war. It is not a war about guns, abortions, or gays; rather it is a war against the creeping changes to our entrepreneurial culture, the true bedrock of who we are as a people. The new culture war is a battle between free enterprise and social democracy. Many Americans have forgotten the evils of socialism and the predations of the American Great Society's welfare-state programs.
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Right wing
- By John on 12-22-10
By: Arthur C. Brooks
What listeners say about Economism
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Stan Mohler, Jr.
- 05-24-22
Takes you beyond "basic economics"
This excellent book shows you how fatally limited is the theoretical "free market" model that so many fall for. Supply-and-demand, prices, financial regulation, free trade, Keynes, Hayek, Friedman, Greenspan and more are all examined. Critical thinkers look for a model's strengths AND weaknesses. The authors expertly dissect and expose them in easy-to-understand language, such as with the 2008 financial crisis and in health care. The authors also identify the monied POLITICAL interests that sell that libertarian lemon to us citizens. (I suspect those interests are writing some of the unfavorable reviews here.)
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- Onnolee
- 01-27-17
An excellent counterpoint to Economics 101 without vilifying academia
I dropped a credit on this book after seeing James Kwak on Bloomberg, discussing the ACA. I was looking for an explanation for why our incoming administration is touting the policies that they are, and found it. Kwak does an excellent job providing the historical precedence for economism, beyond the 101ism that has taken over our society as a whole.
His explanations of those 101 concepts are succinct and understandable, though the vocabulary is a bit hard to keep track of in an audio format. He doesn't work to completely debunk them, as I expected: he provides counterpoint examples and continually stresses the self-fulfilling prophecy that our economic feedback loop has become.
This may be exasperating for those who are looking for a concrete way to take these issues into our own hands - they ought to listen through to the final chapter, where he summarizes his main points and stresses the importance of calling out economism as what it is: an ideology that justifies the way things are for the benefit of an increasingly wealthier upper class, and the detriment of the poor working class.
Mark Bramhall does an excellent job narrating - his pauses and emphasis give the book a flow that makes it digestible despite its occasionally technical bent.
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- Dan
- 02-19-20
An important book
I wish it had gotten greater notice (at least by me) when it came out. Should be required reading for any student of public policy or, of course, Econ 101.
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- Rich Ham-Kucharski
- 01-25-17
a primer to see through the current econ rhetoric
this is a great resource to rebuff the conservative political and economic rhetoric. it would serve well as the foundation for a sound progressive model, and help those who are frequently squelched by false economic logic in debates.
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- Thomas
- 03-07-17
With no graphs, the audio version is useless.
What disappointed you about Economism?
In the printed book there are many supply vs demand curves. Understanding these is essential to understanding the book. These graphs are not provided in this audio version, so a listener will only get a fraction of what this book has to offer.
Has Economism turned you off from other books in this genre?
No. In fact I'd still like to read it and may still buy the print version.
Any additional comments?
Before Audible.com posts an audiobook that heavily relies on figures in the printed version of the book, I think Audible.com should either: 1) provide a pdf of the figures; 2) short of that, a notice of this shortcoming should be given to the buyer.
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2 people found this helpful