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Zombie Economics How Dead Ideas Still Walk among Us

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ISBN-10: 0691145822

ISBN-13: 9780691145822

Edition: 2010

Authors: John Quiggin

List price: $16.95
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Description:

In the graveyard of economic ideology, dead ideas still stalk the land.The recent financial crisis laid bare many of the assumptions behind market liberalism--the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. The crisis seemed to have killed off these ideas, but they still live on in the minds of many--members of the public, commentators, politicians, economists, and even those charged with cleaning up the mess. InZombie Economics, John Quiggin explains how these…    
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Book details

List price: $16.95
Copyright year: 2010
Publisher: Princeton University Press
Publication date: 10/3/2010
Binding: Hardcover
Pages: 248
Size: 6.50" wide x 9.75" long x 1.00" tall
Weight: 1.144
Language: English

Preface
Introduction
The Great Moderation
Birth: Calm after the Storms
Life: The Great Risk Shift
Death: The Dissenters and Their Vindication
Reanimation: A Global Crisis or a Transitory Blip?
After the Zombies: Rethinking the Experience of the Twentieth Century
Further Reading
The Efficient Markets Hypothesis
Birth: From Casino to Calculating Machine
Life: Black-Scholes, Bankers, and Bubbles
Death: The Crisis of 2008
Reanimation: Chicago Revives the Dead
After the Zombies: The State and the Market
Further Reading
Dynamic Stochastic General Equilibrium
Birth: From the Phillips Curve to the NAIRU, and Beyond
Life: Rationality and the Representative Agent
Death: How Did Economists Get It So Wrong?
Reanimation: How Obama Caused the Global Financial Crisis
After the Zombies: Toward a Realistic Macroeconomics
Further Reading
Trickle-Down Economics
Birth: From Supply-side Economics to Dynamic Scoring
Life: Excuses for Inequality
Death: The Rich Get Richer and the Poor Go Nowhere
Reanimation: Mobility without Movement
After the Zombies: Economics, Inequality, and Equity
Further Reading
Privatization
Birth: We Are All Market Liberals Now
Life: A Policy in Search of a Rationale
Death: Puzzles and Failures
Reanimation: Dead for Good?
After the Zombies: The Mixed Economy
Further Reading
Conclusion Economics for the Twenty-First Century
Rethinking the Experience of the Twentieth Century
A New Approach to Risk and Uncertainty
What Is Needed in Economics
References
Index