Economics of the 1% How Mainstream Economics Serves the Rich, Obscures Reality and Distorts Policy - John Weeks (2013).pdf

ublication Date: October 1, 2013
How much do economists really know? In most cases, they claim to have profound knowledge but in fact understand little and obscure almost everything. Most people are convinced that economics should be left to the ‘experts’, when they themselves are perfectly capable of understanding it. This book explains that mainstream economics serves the interests of the rich through its logical inconsistency and unabashedly reactionary conclusions. John F. Weeks exposes the myths of mainstream economics and explains in straightforward language why current policies fail to serve the vast majority of people in the United States, Europe and elsewhere. Their failure to serve the interests of the many results from their devoted service to the few.


Review

“With barely concealed rage, excoriating analysis and unswerving clarity, Weeks dissects and exposes the myths and lies of the free-market propaganda upon which our current economic system is built. Eminently readable, ‘Economics of the 1%’ is a tour de force – a clarion call for a common-sense economics that serves us all, not just the rich and powerful.” —Caroline Lucas, British MP for Brighton Pavilion and Leader of the Green Party of England and Wales
Book Description

This book exposes the myths of mainstream economics behind the public discourse and explains why current policies fail to serve the vast majority