Bad Economics - Pestilent Economists, Profligate by Peter Smith

By Peter Smith

undesirable Economics is a ebook for everybody who desires to comprehend why issues have long gone mistaken instead of slavishly accepting the mainstream model of occasions. It takes at the illusions and delusions which often form fiscal policy.

Absolutely no wisdom of economics is required; in basic terms logic and an open brain. It explains how undesirable economics is ruining Western societies, whereas solid economics has been dismissed. Its objective, by way of exposing the undesirable, is to give a contribution to the revival of the good.

Two paths are nonetheless open: one proficient via reliable economics, resulting in wish; one by means of undesirable economics, resulting in melancholy. the tale isn’t entire; the traits are unpromising. while, the salutary event Western societies are having in facing crippling executive debt is holding desire alive.

CONTENTS

PROLOGUE
PREFACE
1. the major TO TRUTH
2. costs AND PROSPERITY
3. SAVING AND INVESTING
4. KEYNES AND KEYNESIANS
5. KEYNESIAN WORLD
6. PRE-KEYNESIAN WORLD
7. BOOMING AND BUSTING
8. HOLY HOLES within the economic climate! THE GFC
9. HOLY HOLES II: WOEFUL POLICY
10. HOLY HOLES III: PESTILENT ECONOMISTS
11. DRESSED UP STATISTICAL NONSENSE
12. CONTRADICTION IN TERMS
13. SPREADING THE WEALTH
14. desire AND DESPAIR
15. shipment CULT AND DEPENDENCY
16. overseas DEPENDENCY
17. UNHINGED FROM PRACTICALITY
18. UTOPIA
19. undesirable ARITHMETIC
20. MASTERS OF THE UNIVERSE
21. GRAND BARGAIN
APPENDIX: TEMPERAMENTAL BIAS
INDEX

About the writer:
Peter is a widespread contributor to Quadrant. He has written and spoken largely on financial and funds issues. He was once CEO of Australian funds Clearing organization; leader economist fo the nation financial institution Victoria; fiscal consultant to the Australian Bankers’ organization; and tutored in economics on the Universities of WA and Adelaide. He has a first-class honours measure and a PhD in economics.

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