… and disband their departments
The disastrous flaws in mainstream economics, and how economies can serve our total wellbeing
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Mainstream economics has multiple fundamental flaws that cause great harm to people’s lives, to societies and to the planet. This book concisely and simply explains the flaws, and uses modern knowledge and systems ideas to show how market economies can be more sensibly managed to deliver a healthy and more equitable world.
Praise for Sack the Economists:
This book raises many interesting questions, most importantly, why does anyone take economists seriously when it comes to discussing the economy?
–Dean Baker, Co-Director, Center for Economic and Policy Research, Washington D.C.
Geoff Davies has a very good idea. Economics has locked itself into an intellectual cul-de-sac. Even its failure to anticipate the global economic crisis was not enough to force it out. So let’s sack the economists and let real scientists take over this vital but currently dangerous discipline.
– Steve Keen, Economist and author of the popular book Debunking Economics
With delightful wit and insightful analogies, geophysicist Geoff Davies dissects the inconsistencies — and the inanities — of mainstream economics. Don’t blame Adam Smith, he makes clear, for the mess this mainstream has become. Blame the intellectually lazy and morally obtuse careerists who practice an economics that in no way, shape, or form resembles the science they claim it to be. In the end, Sack the Economists helps us understand, plutocracy never works — and neither does an economics that refuses to discomfort our plutocrats.
– Sam Pizzigati, Institute for Policy Studies, Washington, D.C., and author of The Rich Don’t Always Win.