Ilya's Reviews > ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism

ECONned by Yves Smith
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's review
Jan 20, 2011

it was ok
bookshelves: economics

Yves Smith is a management consultant and an economics blogger, who was interviewed on Russia Today alongside such American dissidents as Alex Jones and Lyndon LaRouche. She believes that the recent world financial crisis has utterly discredited the discipline of economics, the neoclassical paradigm of which provided shoddy models of risk and reward, the money managers' reliance of which caused the crisis. I am unconvinced: as far as I know, a great deal of economics, from the research of Nobel Prize winners to freshman textbooks, is outside the neoclassical paradigm.

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