John Mills provides a critical survey of the way economics has
developed. He argues that the main goal of economics should be to
show how to achieve a combination of economic growth, full
employment, low inflation, avoidance of extreme poverty, and
sustainability. From the ancient world up to the late 20th century,
that it has failed to do so is neither inevitable nor
accidental--It has failed because of a combination of intellectual
error and the effects of social and political pressure, which Mills
claims could and should have been avoided.
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