عنوان

J is for junk economics :

(Number (ISBN

3981484258

(Number (ISBN

9783981484250

Title Proper

J is for junk economics :

General Material Designation

[Book]

Other Title Information

a guide to reality in an age of deception /

First Statement of Responsibility

Michael Hudson.

Edition Statement

First edition.

Place of Publication, Distribution, etc.

[Glashütte, Germany] :

Name of Publisher, Distributor, etc.

Islet-Verlag,

Date of Publication, Distribution, etc.

2017.

Specific Material Designation and Extent of Item

404 pages ;

Dimensions

25 cm

Text of Note

Includes bibliographical references and index.

Text of Note

Foreword: Economies, and economic theory, at the crossroads -- Introduction: Social naming disorder and the vocabulary of deception -- A is for Adam Smith, asset-price inflation and austerity -- B is for bubble, and the bailout that follows -- C is for casino capitalism and the client academics who praise it -- D is for debt deflation and the debt peonage it leads to -- E is for economic rent and "euthanasia of the rentier" who extracts it -- F is for fictitious capital and the FIRE sector where it is concentrated -- G is for the grabitization and the groundrent that is its main objective -- H is for hubris -- I is for inner contradiction and the invisible hand -- J is for the junk bonds and junk economics -- K is for kleptocrat -- L is for learned ignorance -- M is for marginalism and the money manager capitalism -- N is for neofeudalism and its neoliberal advocates -- O is for oligarchy -- P is for ponzi scheme and the pension-fund capitalism that feeds it -- Q is for quandary -- R is for rentiers and the race to the bottom they sponsor -- S is for Say's law and serfdom -- T is for trickle-down economics -- U is for unearned income -- V is for the vested interests -- W is for wealth addiction -- X & Y are for the X and Y axes -- Z is for the zero-sum activity -- The 22 most pervasive economic myths of our time -- Economics as fraud -- Methodology is ideology, and dictates policy -- Does economics deserve a Nobel Prize (Commonweal 1970) -- Hudson bubble model : from asset-price inflation to debt-strapped austerity (formulas and charts) -- Eric Draitser's 2015 CounterPunch radio interview with Michael Hudson.

0

Text of Note

"J IS FOR JUNK ECONOMICS is an A-to-Z guide that explains how the world economy really works - and who the winners and losers are. The book includes more than 400 concise and acerbic entries, several essays, and a full topic index. Expanding on KILLING THE HOST: HOW FINANCIAL PARASITES AND DEBT DESTROY THE GLOBAL ECONOMY, Prof. Hudson's new book covers contemporary terms that are misleading or poorly understood as well as many important concepts that have been abandoned - many on purpose - from the long history of political economy. Two key concepts are RENT THEORY and DEBT, which explain how Unearned Income and the Financial Sector impoverish governments and populations the world over as power and riches flow upward into the hands of the few. Several additional essays provide background for key points and explore today's uncertain political and economic environment. To understand what's really going on, it's not necessary to re-invent the wheel; the major issues that guide healthy economies were known to the Ancients and were expanded upon by the classical economists of the 18th and 19th centuries, including Adam Smith, David Ricardo, John Stuart Mill, E. Peshine Smith, Simon Patten, Karl Marx, Thorstein Veblen, and others of many political stripes whose aim was to leave the brutal legacy of feudalism behind. Their ideas and principles are brought back into the spotlight here. It is hoped that this book will deconstruct today's "value-free," watered-down and deceptive economics that favor the wealthy, allowing the next generation to create a successful economy with proper checks and balances that will benefit everyone. This is a book you will want to refer to again and again"--Amazon.com.

Business cycles.

Debt-- Economic aspects.

Economics.

Financial crises.

Business cycles.

Debt-- Economic aspects.

Economics.

Financial crises.

Number

Class number

Book number

Hudson, Michael,1939-

Date of Transaction

20200823200023.0

Cataloguing Rules (Descriptive Conventions))

rda

Electronic name

[Book]

Y