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What's Wrong with Economics?: A Primer for the Perplexed

by Robert Skidelsky Yale University Press
Pub Date:
04/2020
ISBN:
9780300249873
Format:
Hbk 248 pages
Price:
AU$42.99 NZ$43.47
Product Status: Out of stock. Not available to order.
A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time


 


This insightful book looks at how mainstream economics’ quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy decisions on the advice of flawed economic models. Noted economic thinker Robert Skidelsky explains the circumstances that have brought about this constriction and proposes an approach to economics which includes philosophy, history, sociology, and politics.


 


Skidelsky’s clearly written and compelling critique takes aim at the way that economics is taught in today’s universities, where a focus on modelling leaves students ill-equipped to grapple with what is important and true about human life. He argues for a return to the ideal set out by John Maynard Keynes that the economist must be a “mathematician, historian, statesman, [and] philosopher” in equal measure.
“Robert Skidelsky has written the book that anyone who wants to learn economics—and anyone who thinks that they know economics—should read.”—Meghnad Desai, author of Hubris: Why Economists Failed to Predict the Crisis and How to Avoid the Next One
 

Robert Skidelsky is emeritus professor of political economy at the University of Warwick. He is the author of many books, including Money and Government: The Past and Future of Economics. He lives in London.