John Quiggin
Author
Publisher
Princeton University Press
Pub. Date
[2019]
Language
English
Description
Since 1946, Henry Hazlitt's bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can't explain why they often fail so badly--or what we should do when they stumble. As Nobel Prize-winning economist Paul Samuelson quipped, "When...
Author
Publisher
Princeton University Press
Pub. Date
[2010]
Language
English
Description
"Co-Winner of the 2012 Gold Medal Book Award in Economics, Axiom Business" John Quiggin is professor of economics at the University of Queensland in Australia.
In the graveyard of economic ideology, dead ideas still stalk the land.
The recent financial crisis laid bare many of the assumptions behind market liberalism--the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream...