Bad Economics : Pestilent Economists, Profligate Governments, Debt, Dependency Despair by Peter Smith

Bad Economics : Pestilent Economists, Profligate Governments, Debt, Dependency & Despair by Peter Smith

Paperback, 232 pages

ISBN 9781921421594

First Published in 2012

Bad Economics is a book for everyone who wants to understand why things have gone wrong rather than slavishly accepting the mainstream version of events. It takes on the illusions and delusions which regularly shape economic policy.

Absolutely no knowledge of economics is needed; only common sense and an open mind. It explains how bad economics is ruining Western societies, while good economics has been pushed aside. Its aim, by exposing the bad, is to contribute to the revival of the good.

Two paths are still open: one informed by good economics, leading to hope; one by bad economics, leading to despair. The story isn’t finished; the trends are unpromising. At the same time, the salutary experience Western societies are having in dealing with crippling government debt is keeping hope alive.