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The Economists' Hour - False Prophets, Free Markets and the Fracture of Society (Paperback)
Price: R269
Discovery Miles 2 690
You Save: R71
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The Economists' Hour - False Prophets, Free Markets and the Fracture of Society (Paperback)
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List price R340
Price R269
Discovery Miles 2 690
You Save R71 (21%)
Expected to ship within 3 - 5 working days
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A Wall Street Journal Business Bestseller
In this "lively and entertaining" (Liaquat Ahamed, The New Yorker)
history of ideas, New York Times editorial writer Binyamin Appelbaum
tells the story of the people who sparked four decades of economic
revolution.
Before the 1960s, American politicians had never paid much attention to
economists. But as the post-World War II boom began to sputter,
economists gained influence and power.
In The Economists' Hour, Binyamin Appelbaum traces the rise of the
economists, first in the United States and then around the globe, as
their ideas reshaped the modern world, curbing government, unleashing
corporations and hastening globalization.
Some leading figures are relatively well-known, such as Milton
Friedman, the elfin libertarian who had a greater influence on American
life than any other economist of his generation, and Arthur Laffer, who
sketched a curve on a cocktail napkin that helped to make tax cuts a
staple of conservative economic policy.
Others stayed out of the limelight, but left a lasting impact on modern
life: Walter Oi, a blind economist who dictated to his wife and
assistants some of the calculations that persuaded President Nixon to
end military conscription; Alfred Kahn, who deregulated air travel and
rejoiced in the crowded cabins on commercial flights as the proof of
his success; and Thomas Schelling, who put a dollar value on human life.
Their fundamental belief? That government should stop trying to manage
the economy.
Their guiding principle? That markets would deliver steady growth, and
ensure that all Americans shared in the benefits.
But the Economists' Hour failed to deliver on its promise of broad
prosperity. And the single-minded embrace of markets has come at the
expense of economic equality, the health of liberal democracy, and
future generations.
Timely, engaging and expertly researched, The Economists' Hour is a
reckoning-and a call for people to rewrite the rules of the market.
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