| Author | Peter Smith |
|---|---|
| Language | English |
| Genre | Economics |
Publication date | 2012 |
| Publication place | Australia |
| ISBN | 978-0-446-36538-3 |
VBad Economics is a book written by economist, author and social commentator Peter Smith, the main argument of which is that, contrary to mainstream Keynsian thought, aggregate demand is not, in fact, generated by Government spending alone
Introduction
editthe book's Amazon description reads:[1]
Bad Economics is a book for everyone who wants to understand why things have gone wrong rather than slavishly accepting the mainstream version of events. It takes on the illusions and delusions which regularly shape economic policy. Absolutely no knowledge of economics is needed; only common sense and an open mind. It explains how bad economics is ruining Western societies, while good economics has been pushed aside. Its aim, by exposing the bad, is to contribute to the revival of the good. Two paths are still open: one informed by good economics, leading to hope; one by bad economics, leading to despair. The story isn't finished; the trends are unpromising. At the same time, the salutary experience Western societies are having in dealing with crippling government debt is keeping hope alive
The book begins by emphasising the economic importance of saving and investing in both the private and public sectors
References
edit- ^ "Bad Economics". Retrieved 23 October 2014.
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