The power of economic thinking
Subtitle: how the new imperial science of economics has invaded and transformed politics, finance, history, law, religion, and other social sciences
By: Mark Skousen
Publisher: Foudnation for Economic Education
Published: 2002
Place of publication: Irvington-on-Hudson, NY
Language: eng
Number of pages: 334
ISBN-13: 9781572462014
Description: In his provocative new book, Mark Skousen contends that economics is no longer the "dismal" science. It is now the "imperial" science, invading like an army the new frontiers of crime, politics, religion, Wall Street, subjecting new economic analysis to gun rights, racial dscrimination, drug abuse, professional sports, health care, grade-school education, and environmentalism. Chapters include: why private companies were able to quickly solve their own pension problem, but Social Security cannot; why the Food Stamp program works better than Medicare; the economic reasons for terrorism in the Middle East; why consumer spending does not drive the economy; great turnabouts in history: Paul Samuelson, Milton Friedman, and other famous economists who changed their minds; economists prove that the poor are getting richer too; leisure, the basis of culture; are financial markets inherenlty unstable; how economists are changing the way accountants do business; Has capitalism failed or succeeded: the tale of two graphs.
Notes: Nbl-11 soc.