Economics in the twenty-first century
Subtitle: a critical perspective
By: Robert Chernomas and Ian Hudson
Contributors: Hudson, Ian, 1967- author
Series: UTP insights; UTP insights
Publisher: University of Toronto Press
Published: 2016
Language: eng
Number of pages: 199
ISBN-13: 9781442626775; 9781442649422
Subjects: Economics
Description: "Economics has always been nicknamed the "dismal science," but today the field seems a little more dismal than usual as governments, social movements, and even students complain that the discipline is failing to make sense of the major economic problems of today. In Economics in the Twenty-First Century, Robert Chernomas and Ian Hudson demonstrate how today's top young economists continue to lead the field in the wrong direction. The recent winners of the John Bates Clark medal, economics' "baby Nobel," have won that award for studying important issues such as economic development, income inequality, crime, and health. Examining this research, Chernomas and Hudson show that this work focuses on individual choice, ignores the systematic role of power in the economic system, and leads to solutions that are of limited effectiveness at best and harmful at worst. An accessible summary of the latest debates in economics, Economics in the Twenty-First Century takes on what is missing from mainstream economics, why it matters, and how the discipline can better address the key concerns of our era."--Page i.
Notes: Includes bibliographical references (pages 157-184) and index.
Table of contents: title: Introduction; title: Development and growth; title: Labor, income, and inequality in the United States; title: Health, healthcare, and the individual; title: Crime; title: Two kinds of crises; title: Conclusion.