Pages: 232 pages
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.