Economism by James Kwak

Bad Economics and the Rise of Inequality

This insightful book critiques the oversimplification of economic principles that dominate public discourse and policy-making. It argues that the reduction of complex economic theories into basic slogans and models often leads to misguided policies that fail to address real-world issues. By examining the pervasive influence of this "economism," the book highlights how it shapes debates on taxation, healthcare, and labor markets, often to the detriment of broader societal welfare. Through a blend of historical context and contemporary examples, it calls for a more nuanced understanding of economics that considers the multifaceted nature of human societies.

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