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oapen-20.500.12657-456572023-06-05T13:08:51Z The Profit Doctrine Chernomas, Robert Hudson, Ian Economics Neoliberalism economics Milton Friedman Alan Greenspan Joseph Stiglitz Paul Krugman Public choice Unemployment bic Book Industry Communication::J Society & social sciences::JP Politics & government::JPQ Central government::JPQB Central government policies The economics profession has a lot to answer for. After the late 1970s, the ideas of influential economists have justified policies that have made the world more prone to economic crisis, remarkably less equal, more polluted and less secure than it might be. How could ideas and policies that proved to be such an abject failure come to dominate the economic landscape? By critically examining the work of the most famous economists of the neoliberal period including Alan Greenspan, Joseph Stiglitz and Paul Krugman, the authors Robert Chernomas and Ian Hudson demonstrate that many of those who rose to prominence did so primarily because of their defence of, and contribution to, rising corporate profits and not their ability to predict or explain economic events. An important and controversial book, 'The Profit Doctrine' exposes the uses and abuses of mainstream economic canons, identify those responsible and reaffirm the primacy of political economy. 2017-03-09 23:55 2020-03-17 03:00:32 2020-04-01T13:47:59Z 2020-04-01T13:47:59Z 2016 book 625287 OCN: 968727119 9781783719938 https://library.oapen.org/handle/20.500.12657/45657 eng application/pdf n/a 625287.pdf Pluto Press Pluto Press 10.26530/oapen_625287 100053 10.26530/oapen_625287 e7b13f6b-a18c-4c0b-97b8-d1891104b9c4 b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 9781783719938 Knowledge Unlatched (KU) Pluto Press 100053 KU Select 2016 Front List Collection Knowledge Unlatched open access
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The economics profession has a lot to answer for. After the late 1970s, the ideas of influential economists have justified policies that have made the world more prone to economic crisis, remarkably less equal, more polluted and less secure than it might be. How could ideas and policies that proved to be such an abject failure come to dominate the economic landscape?
By critically examining the work of the most famous economists of the neoliberal period including Alan Greenspan, Joseph Stiglitz and Paul Krugman, the authors Robert Chernomas and Ian Hudson demonstrate that many of those who rose to prominence did so primarily because of their defence of, and contribution to, rising corporate profits and not their ability to predict or explain economic events.
An important and controversial book, 'The Profit Doctrine' exposes the uses and abuses of mainstream economic canons, identify those responsible and reaffirm the primacy of political economy.
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