Bad
Economics is a book for everyone who wants to understand why things have gone wrong
rather than slavishly accepting the mainstream version of events. It takes on
the illusions and delusions which regularly shape economic policy.
Absolutely no knowledge of economics is needed; only common sense and an open
mind. It explains how bad economics is ruining Western societies, while good
economics has been pushed aside. Its aim, by exposing the bad, is to contribute
to the revival of the good.
Two paths are still open: one informed by good economics, leading to hope; one
by bad economics, leading to despair. The story isn’t finished; the trends are
unpromising. At the same time, the salutary experience Western societies are
having in dealing with crippling government debt is keeping hope alive.
