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ECONned

by Yves Smith

8.06 / 10 439 ratings
Language
English
Published
2010
Publisher
St. Martin's Press
Pages
368
ISBN
9780230620513
Uncover the foundational errors that led to global financial crises. ECONned meticulously examines the unchallenged influence of economists in policy-making, revealing how their adherence to theoretical doctrines, often prioritizing abstract models over tangible evidence, contributed to significant economic instability. This investigation spans twenty-five years of financial decisions, detailing how a belief in a "self-correcting" free market facilitated deregulation, enabled predatory practices, and ultimately culminated in widespread economic disaster.

This book provides a critical perspective on how flawed economic philosophies and their practical applications shaped the modern financial landscape. It offers insight into the systemic issues underlying financial meltdowns, moving beyond superficial explanations to expose the intellectual underpinnings that left economies vulnerable. Delve into this analysis to understand the mechanisms that undermined economic stability and discover the profound impact of theoretical assumptions on real-world prosperity.

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