This Week’s Book Giveaway

Did you know that May is Zombie Awareness Month? We’re celebrating by offering one lucky winner a copy of Zombie Economics! In the graveyard of economic ideology, dead ideas still stalk the land. . .

Zombie Economics: How Dead Ideas Still Walk among Us
by John Quiggin
With a new chapter by the author

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 economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. The crisis seemed to have killed off these ideas, but they still live on in the minds of many—members of the public, commentators, politicians, economists, and even those charged with cleaning up the mess. In Zombie Economics, John Quiggin explains how these dead ideas still walk among us—and why we must find a way to kill them once and for all if we are to avoid an even bigger financial crisis in the future.

Zombie Economics takes the reader through the origins, consequences, and implosion of a system of ideas whose time has come and gone. These beliefs—that deregulation had conquered the financial cycle, that markets were always the best judge of value, that policies designed to benefit the rich made everyone better off—brought us to the brink of disaster once before, and their persistent hold on many threatens to do so again. Because these ideas will never die unless there is an alternative, Zombie Economics also looks ahead at what could replace market liberalism, arguing that a simple return to traditional Keynesian economics and the politics of the welfare state will not be enough—either to kill dead ideas, or prevent future crises.

In a new chapter, Quiggin brings the book up to date with a discussion of the re-emergence of pre-Keynesian ideas about austerity and balanced budgets as a response to recession.

“Entertaining and thought-provoking.”—Philip Coggan, Economist

“Lucid, lively and loaded with hard data, passionate, provocative and . . . persuasive. . . . (Zombie Economics) should be required reading, even for those who aren’t Keynesians or Krugmaniacs.”—Glenn C. Altschuler, Barron’s

The random draw for this book with be Friday 5/11 at 3 pm EST. Be sure to like us on Facebook if you haven’t already to be entered to win!

Comments

  1. This will go nicely on my bookshelf in my zombie/disaster shelter!

  2. John R says:

    Response…I’m interested to see what John has to say. Indeed, what will bring us out of this recession. As was mentioend breifly, the age old idea of actually balancing our budgets should be considered one necessary step in the right direction. If people can’t just continue to spend, spend, spend, going further and further into debt without consequence, what makes government think that it can?

  3. Dr Drum says:

    I am interested to check out the zombie economics..I hope we can recover from the panic zone sooner!