False Profits: Recovering from the Bubble Economy
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False Profits: Recovering from the Bubble Economy

3.64 of 5 stars 3.64  ·  rating details  ·  11 ratings  ·  2 reviews
Building on the author’s expertise, False Profits recounts the causes of the economic meltdown, dissects the government’s inadequate responses to it, and offers a thoughtful progressive program for rebuilding the economy and reforming the financial system.
Paperback, 240 pages
Published January 15th 2010 by Berrett-Koehler Publishers (first published 2010)
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Sourav
A good companion piece to Baker's earlier PLUNDER AND BLUNDER, although FALSE PROFITS feels a bit more rushed and angry/polemical than his previous book. The overgrowth and overreach of our bloated financial sector is the focus of Baker's critical eye here, and Baker makes evident the failings of the mainstream media in parroting the lords of high finance.

Taken together, the two books motivate me to read (1) CEPR's "Beat the Press" blog, in which Baker offers his commentary on economic reporting...more
Linda
shorter and simpler explanation of the mess we are in!
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Dean Baker is an American macroeconomist and co-founder of the Center for Economic and Policy Research, with Mark Weisbrot. He previously was a senior economist at the Economic Policy Institute and an assistant professor of economics at Bucknell University. He has a PhD in economics from the University of Michigan.
More about Dean Baker...
The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer The End of Loser Liberalism: Making Markets Progressive Plunder and Blunder: The Rise and Fall of the Bubble Economy Taking Economics Seriously (Boston Review Books) Getting Back to Full Employment: A Better Bargain for Working People

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