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    ECONOMICS FOR THE REST OF US Summary

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    Gail LeondarWright
    This document provides an overview of the book "Economics for the Rest of Us" by Moshe Adler. The book debunks two core tenets of mainstream economics that favor the rich - the definition of economic efficiency and the theory of how wages are determined. It shows how economic theories have evolved to explicitly favor the rich over the poor and argues they are not the only options. Non-economists will be surprised by how flimsy the economic theories ruling society are, while economists may rethink prevailing theories and policies that bolster injustice. The book aims to provide thoughtful answers to serious economic questions facing society.

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    ECONOMICS FOR THE REST OF US Summary

    Uploaded by

    Gail LeondarWright
    183 views2 pages
    This document provides an overview of the book "Economics for the Rest of Us" by Moshe Adler. The book debunks two core tenets of mainstream economics that favor the rich - the definition of economic efficiency and the theory of how wages are determined. It shows how economic theories have evolved to explicitly favor the rich over the poor and argues they are not the only options. Non-economists will be surprised by how flimsy the economic theories ruling society are, while economists may rethink prevailing theories and policies that bolster injustice. The book aims to provide thoughtful answers to serious economic questions facing society.

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    ECONOMICS FOR THE REST OF US DEBUNKING THE SCIENCE THAT MAKES LIFE DISMAL BY MOSHE ADLER

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    ECONOMICS FOR THE REST OF US summary

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    This document provides an overview of the book "Economics for the Rest of Us" by Moshe Adler. The book debunks two core tenets of mainstream economics that favor the rich - the definition of economic efficiency and the theory of how wages are determined. It shows how economic theories have evolved to explicitly favor the rich over the poor and argues they are not the only options. Non-economists will be surprised by how flimsy the economic theories ruling society are, while economists may rethink prevailing theories and policies that bolster injustice. The book aims to provide thoughtful answers to serious economic questions facing society.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    183 views2 pages

    ECONOMICS FOR THE REST OF US Summary

    Uploaded by

    Gail LeondarWright
    This document provides an overview of the book "Economics for the Rest of Us" by Moshe Adler. The book debunks two core tenets of mainstream economics that favor the rich - the definition of economic efficiency and the theory of how wages are determined. It shows how economic theories have evolved to explicitly favor the rich over the poor and argues they are not the only options. Non-economists will be surprised by how flimsy the economic theories ruling society are, while economists may rethink prevailing theories and policies that bolster injustice. The book aims to provide thoughtful answers to serious economic questions facing society.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    ECONOMICS FOR THE REST OF US

    DEBUNKING THE SCIENCE THAT MAKES LIFE DISMAL


    BY MOSHE ADLER
    THE NEW PRESS / JANUARY 12, 2009

    “A fascinating discussion of wage disparity… as entertaining as it is thought provoking.”


    –Publishers Weekly

    “This is a book that every member of Congress should read” – David Cay Johnston, Pulitzer Prize–winning and best-
    selling author of Free Lunch and Perfectly Legal

    At a time when staggering inequality and the global economic crisis are calling into question many of our
    most fundamental economic assumptions—and when growing numbers of people are deeply anxious about
    the workings of our economy and their own financial security—many wonder how economists could have
    gotten it so wrong. ECONOMICS FOR THE REST OF US explains how. Here is a lively and accessible
    debunking of two core tenets of economics that make it the “science” of the rich—the definition of economic
    efficiency and the theory of how wages are determined. The first is used to justify the cruelest policies, the
    second grand larceny.

    Adler shows us that whenever it is necessary to choose sides between the rich and the poor, between the
    powerful and the powerless, or between workers and corporations, economists are all too often of one mind:
    according to conventional economic theory, what’s good for the rich and the powerful is good for “the
    economy.” From food riots in Indonesia to eminent domain in Connecticut—and everyone from Adam Smith
    to Jeremy Bentham to Larry Summers—ECONOMICS FOR THE REST OF US shows how today’s
    dominant economic theories evolved, how they explicitly favor the rich over the poor, and why they are not
    the only, or best, options.

    - more -

    Non-economists will be astonished to discover just how flimsy the economic theories are that rule us all;
    economists and students of economics may well rethink the theories – and policies – that bolster great
    economic and social injustice. ECONOMICS FOR THE REST OF US provides elegant, thoughtful and
    provocative answers to some of the most serious questions we face.
    About the Author

    Moshe Adler has been described by Elliott Sclar as “as keen an observer of the economy in our day as John
    Kenneth Galbraith was in his.” He has been teaching economics for over 25 years and currently teaches at
    Columbia University and at the Center for Labor Studies at Empire State College. Adler’s articles and op-
    eds have been widely published. He lives in New York City.

    ECONOMICS FOR THE REST OF US


    DEBUNKING THE SCIENCE THAT MAKES LIFE DISMAL
    By Moshe Adler
    The New Press | January 12, 2009
    Hardcover | $24.95 | 240 pages
    ISBN: 978-1-59558-101-3

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