The econocracy the perils of leaving economics to the experts
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The econocracy the perils of leaving economics to the experts
ECONOCRACYThe perils of leaving economics to the expertsIÍÌE EADIE nAUAI AAfiDAII>1 7Anu IAIADIÌ nrnuiiirThe Manchester Capitalism book seriesGeneral The econocracy the perils of leaving economics to the experts EditorMICK MORANManchester Capitalism is a scries of short, accessible books that reframe the big issues of economic renewal, financial reform and political mobilisation in present-day capitalism. The books do so by directly tackling major policy issues and the assumptions that underpin the policy The econocracy the perils of leaving economics to the expertsagenda of an unlearning state. The aim is to contribute towards the refraining of political choices that is necessary before we can ensure security inThe econocracy the perils of leaving economics to the experts
a responsible capitalism.The first three books in the series cover the policy bias towards competition and markets, the British state's persistence wECONOCRACYThe perils of leaving economics to the expertsIÍÌE EADIE nAUAI AAfiDAII>1 7Anu IAIADIÌ nrnuiiirThe Manchester Capitalism book seriesGeneral The econocracy the perils of leaving economics to the expertsthat post-1.97.9 structural reform promised the market and delivered an extractive, financialised capitalism that benefits elites while ordinary citizens suffer growing problems about the supply of foundational goods and services necessary to everyday welfare.In parallel, the researchers at the Cent The econocracy the perils of leaving economics to the expertsre for Research on Socio Cultural Change have produced a series of public interest reports on mundane sectors which are freely downloadable from theirThe econocracy the perils of leaving economics to the experts
website at crcsc.ac.uk. These reports cover meat supply, railways, textiles and apparel and adult care. The Manchester Capitalism website gives an ovECONOCRACYThe perils of leaving economics to the expertsIÍÌE EADIE nAUAI AAfiDAII>1 7Anu IAIADIÌ nrnuiiirThe Manchester Capitalism book seriesGeneral The econocracy the perils of leaving economics to the expertseflects our conviction that there is much distributed intelligence in our economy and society outside the metropolitan centres of elite decision making. We write to inform and empower that force which Victorian Britain recognised as agenda-set-ting, provincial radicalism and which we can promote in The econocracy the perils of leaving economics to the expertsthe twenty-first century through an informed citizenry. As The econocracy argues, citizens need knowledge and cannot delegate decisions to experts.PreThe econocracy the perils of leaving economics to the experts
vious titles:Licensed larceny: Infrastructure, financial extraction and the Global South Nicholas I lildyardThe end of the. experiment? Bowman et al.WECONOCRACYThe perils of leaving economics to the expertsIÍÌE EADIE nAUAI AAfiDAII>1 7Anu IAIADIÌ nrnuiiirThe Manchester Capitalism book seriesGeneral The econocracy the perils of leaving economics to the expertsogy, and even the new religion of our time. And this body of knowledge is controlled by a selective priesthood trained in a very particular type of economics - that is, neoclassical economics. In this penetrating analysis, based on very sophisticated theoretical reflections and highly original empir The econocracy the perils of leaving economics to the expertsical work, the authors show how the rule by this priesthood and its disciples is strangling our economies and societies and how we can change this sitThe econocracy the perils of leaving economics to the experts
uation. It is a damning indictment for the economics profession that it has taken young people barely out of university to provide this analysis. UtteECONOCRACYThe perils of leaving economics to the expertsIÍÌE EADIE nAUAI AAfiDAII>1 7Anu IAIADIÌ nrnuiiirThe Manchester Capitalism book seriesGeneral The econocracy the perils of leaving economics to the expertss GuideA rousing wake-up call to the economics profession to re-think its mission in society, from a collective of dissident graduate students. Their double argument is that the ‘econocracy’ of economists and economic institutions which has taken charge of our future is not fit for purpose, and, in The econocracy the perils of leaving economics to the expertsany case, it contradicts the idea of democratic control. So the problem has to be tackled at both ends: creating a different kind of economics, and reThe econocracy the perils of leaving economics to the experts
storing the accountability of the experts to the citizens. The huge nature of the challenge docs not daunt this enterprising group, whose technically ECONOCRACYThe perils of leaving economics to the expertsIÍÌE EADIE nAUAI AAfiDAII>1 7Anu IAIADIÌ nrnuiiirThe Manchester Capitalism book seriesGeneral The econocracy the perils of leaving economics to the expertsisky, Professor Emeritus of Political Economy at Warwick University and Fellow of the British Academy in History and EconomicsIf war is too important to be left to the generals, so is the economy too important to be left to narrowly trained economists. Yet, as this book shows, such economists are pr The econocracy the perils of leaving economics to the expertsecisely what we are getting from our leading universities. Given the role economists play in our society, we need them to be much more than adepts inThe econocracy the perils of leaving economics to the experts
manipulating equations based on unrealistic assumptions. This book demonstrates just why that matters and offers thought-provoking ideas on how to go ECONOCRACYThe perils of leaving economics to the expertsIÍÌE EADIE nAUAI AAfiDAII>1 7Anu IAIADIÌ nrnuiiirThe Manchester Capitalism book seriesGeneral The econocracy the perils of leaving economics to the expertsnomics, as practised in university economics departments, regurgitated by policy makers, and summarised in the mainstream media, has become a form of propaganda. This superb book explains how dangerous ideology is hidden inside a mathematical wrapper; controversial policies arc presented as ‘proven’ The econocracy the perils of leaving economics to the experts by the models of economic ‘science’. This book is essential reading for anyone who wants to know about the con - that includes everyone concerned witThe econocracy the perils of leaving economics to the experts
h the future of democracy.Jonathan Aldred, Director of Studies in Economics at Emmanuel College, Cambridge and author of The Sceptical EconomistThe ecECONOCRACYThe perils of leaving economics to the expertsIÍÌE EADIE nAUAI AAfiDAII>1 7Anu IAIADIÌ nrnuiiirThe Manchester Capitalism book seriesGeneral The econocracy the perils of leaving economics to the experts the economy is organised, leaving this branch almost the only source of policy advice. It is written by British members of Rethinking Economics, the international organisation of students and recent graduates dissatisfied with their curriculum. I hey have produced a work of high quality and nationa The econocracy the perils of leaving economics to the expertsl importance. Read this book.Victoria Chick, economist and founder of the Post Keynesian Economics Study GroupThis book is for the many students who wThe econocracy the perils of leaving economics to the experts
ant to study economics because they want to help society solve its problems: a critical introduction to contemporary economics, written by a new, postECONOCRACYThe perils of leaving economics to the expertsIÍÌE EADIE nAUAI AAfiDAII>1 7Anu IAIADIÌ nrnuiiirThe Manchester Capitalism book seriesGeneral The econocracy the perils of leaving economics to the expertsssical economics firmly associated with an cconomistic political-ideological worldview. To understand the real world, and not just what standard economics calls ‘the economy’, future economists must learn to see through and escape from a conceptual construction destined to replace democracy with ‘cc The econocracy the perils of leaving economics to the expertsonocracy’, turning government over to a publicly unaccountable technocratic elite. There is no better vaccination against the economistic disease thanThe econocracy the perils of leaving economics to the experts
this immensely readable book.Wolfgang Strecck, Emeritus Director at the Max Planck Institute for the Study of Societies and author of Buying Time: ThECONOCRACYThe perils of leaving economics to the expertsIÍÌE EADIE nAUAI AAfiDAII>1 7Anu IAIADIÌ nrnuiiirThe Manchester Capitalism book seriesGeneral The econocracy the perils of leaving economics to the expertsf a bloated and poorly regulated financial sector and then through an obsession with mathematically refined, but practically useless, modelling exercises. Yet neither the confidence with which economists make pronouncements about ‘the economy’, nor the way in which economics is taught in universitie The econocracy the perils of leaving economics to the expertss has undergone any significant change. This book addresses these questions with a call for an economics addressed to citizens and a pluralist approacThe econocracy the perils of leaving economics to the experts
h to economics education. It should be read nor only by those seeking to understand how policies driven by the alleged needs of ‘rhe economy’ have faiECONOCRACYThe perils of leaving economics to the expertsIÍÌE EADIE nAUAI AAfiDAII>1 7Anu IAIADIÌ nrnuiiirThe Manchester Capitalism book seriesGeneral The econocracy the perils of leaving economics to the expertsan Laureate Fellow in Economics at the University of QueenslandIn this challenging new book, Joe Earle, Cahal Moran and Zach Ward-Perkins argue, not against expertise as such, but in favour of a new kind of economic expert: one who is better able to engage both with real problems and with ‘economic The econocracy the perils of leaving economics to the expertscitizens’. As befits members of the international economics student movement Rethinking Economics, they set out an agenda for improved education of ecThe econocracy the perils of leaving economics to the experts
onomics students, but also of economic citizens. Their arguments arc backed up by new evidence of the current situation for economics students as wellECONOCRACYThe perils of leaving economics to the expertsIÍÌE EADIE nAUAI AAfiDAII>1 7Anu IAIADIÌ nrnuiiirThe Manchester Capitalism book seriesGeneral The econocracy the perils of leaving economics to the expertsible to a wide audience, and drawing on careful informed argument, rhe book should be required reading for anyone concerned about the future of economics.Sheila Dow, Emeritus Professor of Economics at the University of StirlingAccording to Sir Nicholas Macpherson, outgoing Permanent Secretary of the The econocracy the perils of leaving economics to the experts UK Treasury, economists were guilty of a ‘monumental collective intellectual error' in failing to predict, or prevent the Great Financial Crisis of 2The econocracy the perils of leaving economics to the experts
007-09 (FT 15 April 2016). The profession’s repeated failures contrasts with the achievements of e.g. aerospace engineers and scientists, who have onGọi ngay
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