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Saturday 14 September 2019

Binyamin Appelbaum: The Problem With Modern Economics


Why do we have the economic policies we do today? These policies drive decision-making on Capitol Hill, corporate boardrooms, and on Wall Street. 

But who made them, why, and how did they come about? And how well are they serving us? 

Binyamin Appelbaum has made these questions the focus of his new book The Economists' Hour: False Prophets, Free Markets and the Fracture of Society, which shines a bright light on the rise of modern Economics and its dominating influence on society. 

From anti-trust law to central banking, Appelbaum explains how Economics has evolved (metastasized?) into its current form, where the solutions it now offers may be no better (and possibly substantially worse) than the problems it's designed to address.

- Source, Peak Prosperity