The Econocracy: The Perils of Leaving Economics to the Experts (Manchester Capitalism) - Hardcover

Earle, Joe; Moran, Cahal; Ward-Perkins, Zach

Hardcover

ISBN 10: 1526110121 ISBN 13: 9781526110121

Publisher: Manchester University Press, 2016

Synopsis

One hundred years ago the idea of 'the economy' did not exist. Now, improving the economy has come to be seen as the single most important task facing modern societies. Politics and policymaking are conducted in the language of economics and economic logic shapes how political issues are thought about and addressed. The result is that the majority of citizens, who cannot speak this specialised language, find themselves locked out of the system while political decisions are devolved to experts. The econocracy explores how this way of thinking about economies and economics has come to dominate - and the damaging effects its domination has caused. We have put experts in charge but those experts are not fit for purpose. 

A growing movement is arguing that we need to reshape the relationship between society and its economic experts. Across the world, students - the experts of the future - are rebelling against an education system that is broken. From three members of this movement comes a book that seeks to open up the black box of economic decision-making to public scrutiny, exposing how a particular narrow, inward-looking form of economics has come to dominate in universities across the UK and has thus shaped our very understanding of the economy. InThe econocracy they document the weaknesses of this form of economics and how it has failed to address many important issues - including financial stability, environmental sustainability and inequality - and set out a vision for bringing economic discussion and decision-making back into the public sphere so that societies of the future can flourish.

About this title

About the Author

Joe Earle, Cahal Moran and Zach Ward-Perkins are founding members of the Post-Crash Economics Society at the University of Manchester -- .

From the Back Cover

One hundred years ago the idea of 'the economy' did not exist. Now, improving the economy has come to be seen as the single most important task facing modern societies. Politics and policymaking are conducted in the language of economics and economic logic shapes how political issues are thought about and addressed. The result is that the majority of citizens, who cannot speak this specialised language, find themselves locked out of the system while political decisions are devolved to experts. The econocracy explores how this way of thinking about economies and economics has come to dominate - and the damaging effects its domination has caused. We have put experts in charge but those experts are not fit for purpose.

A growing movement is arguing that we need to reshape the relationship between society and its economic experts. Across the world, students - the experts of the future - are rebelling against an education system that is broken. From three members of this movement comes a book that seeks to open up the black box of economic decision-making to public scrutiny, exposing how a particular narrow, inward-looking form of economics has come to dominate in universities across the UK and has thus shaped our very understanding of the economy. In The econocracy they document the weaknesses of this form of economics and how it has failed to address many important issues - including financial stability, environmental sustainability and inequality - and set out a vision for bringing economic discussion and decision-making back into the public sphere so that societies of the future can flourish.

From the Inside Flap

One hundred years ago the idea of 'the economy' did not exist. Now, improving the economy has come to be seen as the single most important task facing modern societies. Politics and policymaking are conducted in the language of economics and economic logic shapes how political issues are thought about and addressed. The result is that the majority of citizens, who cannot speak this specialised language, find themselves locked out of the system while political decisions are devolved to experts. The econocracy explores how this way of thinking about economies and economics has come to dominate - and the damaging effects its domination has caused. We have put experts in charge but those experts are not fit for purpose. A growing movement is arguing that we need to reshape the relationship between society and its economic experts. Across the world, students - the experts of the future - are rebelling against an education system that is broken. From three members of this movement comes a book that seeks to open up the black box of economic decision-making to public scrutiny, exposing how a particular narrow, inward-looking form of economics has come to dominate in universities across the UK and has thus shaped our very understanding of the economy. In The econocracy they document the weaknesses of this form of economics and how it has failed to address many important issues - including financial stability, environmental sustainability and inequality - and set out a vision for bringing economic discussion and decision-making back into the public sphere so that societies of the future can flourish.

Edition details

• Publisher: Manchester University Press
• Publication date: 2016
• Language: English
• ISBN 10: 1526110121
• ISBN 13: 9781526110121
• Binding: Hardcover
• Number of pages: 232