The Economists' Hour (Paperback)
Language: English
Published by Pan Macmillan, London, 2020
- Softcover
- New
Seller: CitiRetail, Stevenage, United KingdomCitiRetail
AbeBooks seller since June 29, 2022
Condition: New
£ 12.99
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Paperback. The Economists' Hour by Binyamin Appelbaum is the biography of a revolution: the story of how economists who believed in the power and the glory of free markets transformed the business of government, the conduct of business and, as a result, the patterns of everyday life. In the four decades between 1969 and 2008, these economists played a leading role in reshaping taxation and public spending and clearing the way for globalization. They reshaped the US government's approach to regulation, assigning a value to human life to determine which rules are worthwhile. Economists even convinced President Nixon to end military conscription.The United States was the epicentre of the intellectual ferment, but the embrace of markets was a global phenomenon, seizing the imagination of politicians in countries including the United Kingdom, Chile and New Zealand.The revolution failed to deliver on its central promise of increased prosperity. In the United States, growth has slowed in every successive decade since the 1960s. And the cost of the failure was steep. Policymakers traded well-paid jobs for low-cost electronics; the loss of work weakened the fabric of society and of democracy. Soaring inequality extends far beyond incomes: life expectancy for less affluent Americans has declined in recent years. And the focus on efficiency has come at the expense of the future: lower taxes instead of education and infrastructure; limited environmental regulation as oceans rise and California burns.This book is a reckoning: the economists' hour is coming to an end, and the world they have left us with feels less predictable than when it began. After decades of pervasive influence over government policy, economists have done much to create the world in which we live. And yet, how well do they actually understand human behaviour? As the Western world turns against 'experts', has their time come to an end? Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.…
Seller Inventory # 9781509879151
- Title
- The Economists' Hour (Paperback)
- Author
- Binyamin Appelbaum
- Publisher
- Pan Macmillan, London
- Publication year
- 2020
- Condition
- new
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1509879153
- ISBN 13
- 9781509879151
‘A well-reported and researched history of the ways in which plucky economists helped rewrite policy in America and Europe and across emerging markets.’ The Economist
‘A highly readable, exhilaratingly detailed biographical account.’ Sunday Telegraph
As the post-World War II economic boom began to falter in the late 1960s, a new breed of economists gained influence and power. Over time, their ideas reshaped the modern world, curbing governments, unleashing corporations and hastening globalization.
Their fundamental belief? That governments should stop trying to manage the economy.
Their guiding principle? That markets would deliver steady growth and broad prosperity.
But the economists’ hour failed to deliver on its premise. The single-minded embrace of markets has come at the expense of economic equality, the health of liberal democracy and of future generations. Across the world, from both right and left, the assumptions of the once-dominant school of free-market economic thought are being challenged, as we count the costs as well as the gains of its influence.
In The Economists’ Hour, acclaimed New York Times writer Binyamin Appelbaum provides both a reckoning with the past and a call for a different future.
‘A reminder of the power of ideas to shape the course of history.’ New Yorker
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CitiRetail
Stevenage, United Kingdom
AbeBooks seller since June 29, 2022
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