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OverviewFull Product DetailsAuthor: Robert Chernomas , Ian HudsonPublisher: Pluto Press Imprint: Pluto Press Dimensions: Width: 13.50cm , Height: 2.30cm , Length: 21.50cm Weight: 0.406kg ISBN: 9780745335865ISBN 10: 0745335861 Pages: 224 Publication Date: 20 December 2016 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: In Print ![]() This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsList of Boxes, Figures and Tables List of Abbreviations Acknowledgements 1. Prophets and Profits 2. The Contest of Economic Ideas: Survival of the Richest 3. The Consequences of Economic Ideas 4. Milton Friedman: The Godfather of the Age of Instability and Inequality 5. The Deregulationists: Public Choice and Private Gain 6. The Great Vacation: Rational Expectations and Real Business Cycles 7. Bursting Bubbles: Finance, Crisis and The Efficient Market Hypothesis 8. Economists Go to Washington: Ideas in Action 9. Conclusion: Dissenters and Victors Bibliography IndexReviewsThe financial crisis alerted the public to what some insiders have known for decades: mainstream economic ideas are seriously flawed. Chernomas and Hudson lay bare both the ideas and the equally flawed individuals behind them, from Milton Friedman to the ex- Maestro Alan Greenspan. -- Professor Steve Keen, author of Debunking Economics (Zed Books, 2011) 'In lucid and accessible prose, The Profit Doctrine shows how the post-war evolution of economic ideas has systematically favoured the profitability of big business over the interests of everyday people.' -- Gary Dymski, Professor and Chair in Applied Economics, Leeds University Business School 'The financial crisis alerted the public to what some insiders have known for decades: mainstream economic ideas are seriously flawed. Chernomas and Hudson lay bare both the ideas and the equally flawed individuals behind them, from Milton Friedman to the ex- Maestro Alan Greenspan' -- Professor Steve Keen, author of Debunking Economics (Zed Books, 2011) The financial crisis alerted the public to what some insiders have known for decades: mainstream economic ideas are seriously flawed. Chernomas and Hudson lay bare both the ideas and the equally flawed individuals behind them, from Milton Friedman to the ex- Maestro Alan Greenspan. -- Professor Steve Keen, author of Debunking Economics (Zed Books, 2011) In lucid and accessible prose, The Profit Doctrine shows how the post-war evolution of economic ideas has systematically favored the profitability of big business over the interests of everyday people. Chernomas and Hudson provide a step-by-step explanation of how highly abstract models and methods have provided intellectual cover for policies that have led both to increasing inequality and to profound economic crises. -- Gary Dymski, Professor and Chair in Applied Economics, Leeds University Business School Author InformationRobert Chernomas is Professor of Economics at the University of Manitoba, Canada. He is co-author (with Ian Hudson) of Economics in the Twenty-first Century: A Critical Perspective (University of Toronto Press, 2016) and To Live and Die in America: Class, Power Health and Health Care (Pluto Press, 2013). Ian Hudson is Associate Professor of Economics at the University of Manitoba, Canada. He is the co-author (with Robert Chernomas) of Economics in the Twenty-first Century: A Critical Perspective (University of Toronto Press, 2016) and To Live and Die in America: Class, Class, Power Health and Health Care (Pluto Press, 2013). Tab Content 6Author Website:Countries AvailableAll regions |