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Economists and the Powerful Convenient Theories, Distorted Facts, Ample Rewards. by Norbert Haring, Niall Douglas
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Economists and the Powerful Convenient Theories, Distorted Facts, Ample Rewards. by Norbert Haring, Niall Douglas

4.04  ·  Rating details ·  26 ratings  ·  3 reviews
"Economists and the Powerful: Convenient Theories, Distorted Facts, Ample Rewards" explores the workings of the modern global economy - an economy in which competition has been corrupted and power has a ubiquitous influence upon economic behavior. Based on empirical and theoretical studies by distinguished economists from both the past and present day, this book argues tha ...more
Hardcover, 260 pages
Published October 1st 2012 by Anthem Press (first published June 1st 2012)
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Breakingviews
Feb 22, 2013 rated it really liked it
By Olaf Storbeck

There’s no lack of books on the shortcomings of mainstream economics. “Economists and the Powerful”, by Norbert Haering, a German financial journalist, and Niall Douglas, an Irish IT consultant, stands out from the crowd.

The authors do not only describe the dismal science’s many flaws; they try to explain why the discipline went wrong. Their claim is that the field has become the ideological servant of vested interests: “a tool for the powerful to enrich themselves at the expense
...more
Silent_count
May 18, 2013 rated it really liked it

While economics isn't, for most of us, an enthralling subject, it is an important one. Those who study this stuff are the people who set our country's financial policies, which in turn determines all of our future well-being, interested or not. And the authors make a compelling case that the whole system is root-and-branch rotten. From the biased and politicised teaching of economics, to the "math is too hard so we'll use grossly inaccurate simplifications" practice, to the corrupt corporate and
...more
Robert
Dec 23, 2012 rated it it was amazing
Shelves: best-economics
One of the most glaring omissions from modern economics is the complete absence of any mention of power. Textbooks describe a world where everyone is equal and no one has power to influence others to benefit themselves. Norbert Haring and Niall Douglas make a huge contribution to correcting this omission by discussing the importance of power relations in economics and during the financial crash in their brilliant book, Economists And The Powerful. They show how power got removed from the economi ...more
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