Bad Economics Pestilent Economists, Profligate Governments, Debt, Dependency & Despair

By Peter Smith and Peter Smith

Bad Economics is a book for everyone who wants to understand why things have gone wrong rather than slavishly accepting the mainstream version of events. It takes on the illusions and delusions which regularly shape economic policy. Absolutely no knowledge of economics is needed; only common sense and an open mind. It explains how bad economics is ruining Western societies, while good economics has been pushed aside. Its aim, by exposing the bad, is to contribute to the revival of the good. Two paths are still open: one informed by good economics, leading to hope; one by bad economics, leading to despair. The story isn't finished; the trends are unpromising. At the same time, the salutary experience Western societies are having in dealing with crippling government debt is keeping hope alive.

CONTENTS

PROLOGUE

PREFACE

1. THE KEY TO TRUTH

2. PRICES AND PROSPERITY

3. SAVING AND INVESTING

4. KEYNES AND KEYNESIANS

5. KEYNESIAN WORLD

6. PRE-KEYNESIAN WORLD

7. BOOMING AND BUSTING

8. HOLY HOLES IN THE ECONOMY THE GFC

9. HOLY HOLES II: WOEFUL POLICY

10. HOLY HOLES III: PESTILENT ECONOMISTS

11. DRESSED UP STATISTICAL NONSENSE

12. CONTRADICTION IN TERMS

13. SPREADING THE WEALTH

14. HOPE AND DESPAIR

15. CARGO CULT AND DEPENDENCY

16. INTERNATIONAL DEPENDENCY

17. UNHINGED FROM PRACTICALITY

18. UTOPIA

19. BAD ARITHMETIC

20. MASTERS OF THE UNIVERSE

21. GRAND BARGAIN

APPENDIX: TEMPERAMENTAL BIAS

INDEX

• Format: Paperback
• Language: English
• ISBN: 1921421592
• ISBN13: 9781921421594
• Release Date: July 2012
• Publisher: Connor Court Publishing Pty Ltd
• Length: 240 Pages
• Weight: 0.70 lbs.
• Dimensions: 0.6" x 5.8" x 8.3"