How Dead Ideas Still Walk Among Us
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Borrowing the terminology of a cult phenomenon near and dear to the hearts of many teenagers, economics professor Quiggin shines a light on five core economic ideas—that are wrong!
Despite bringing the global financial system to the brink of meltdown in 2008, these ideas again are clawing their way up through the soft earth, unless they can be killed once and for all. While the first six chapters each focus on a different "undead" idea—the Great Moderation, the Efficient Markets Hypothesis, Dynamic Stochastic General Equilibrium, trickle-down economics, privatization, and austerity—subsequent chapters consider alternatives to market liberalism.
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Princeton University Press
9 and up