What’s Wrong with Economics? A Primer for the Perplexed (book review)
it’s not about rational choices…
Book review:
What’s Wrong with Economics?
A Primer for the Perplexed
by Robert Jacob Alexander, Baron Skidelsky (b1939)
New Haven, CT: Yales University Press, 2020
223 pages
Skidelsky has written a powerfully convergent book about the origins and enduring nature of economics and the lamentably over-hyped concept of Homo economicus.
“Economic Man”—the human calculating machine that continuously, exclusively acts in the most rational way to achieve maximum value at minimum cost—exists only in the imaginations of economists who invented him to fit their equally fictitious models of human behavior and modern economic activity.
In a nutshell: “…the neoclassical model of rational behaviour based on fixed preferences, complete contracts, and ample relevant information is the wrong one.” (p. 90)
What’s Wrong with Economics? will help you understand what’s wrong with our current so-called capitalist system and the people, companies, and governments that it mostly benefits.
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Book review. Copyright © Richard Carl Subber 2023 All rights reserved.
The Reader (Der Vorleser)
Not just a rehash of WWII…
by Bernhard Schlink
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Seeing far: Selected poems with 47 free verse and haiku poems,
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