Showing results for "The Fall" in Macroeconomics

Economic theories and models shape our everyday lives. They are relied on by politicians when tax rises or cuts are being considered. They inform debates about everything from bonuses for CEOs to minimum wage rates, to the level of job protection enshrined in law. They determine what levels of tobacco or petrol duty are charged and influence government approaches to issues as diverse as obesity and climate change. But are policy makers right to be so slavishly reliant on them? Tom Bergin is sceptical, and he subjects eight of the most prevalent economic mantras to close scrutiny.

Twice in the early 21st century, the U.S. economy plunged into a recession due to the collapse of a financial bubble. In this audio book, Dean Baker argues not only that competent economists should have recognized the developing housing bubble, but also that policy makers and the media neglected those economists who did predict danger.