Written by economist Steve Eager, one of many few skilled economists to have appropriately anticipated the worldwide monetary disaster of 2008, eCONcomics is a collection of three satires explaining why the science of economics has gone so terribly improper. In these savagely erudite satires, Eager highlights the lameness of the justifications provided by economists for his or her failure to foretell something from the monetary disaster to the current inventory market highs. From “secular stagnation” to the “non-accelerating inflation charge of employment” and the “full employment actual rate of interest,” Eager expertly mocks each the myths and the incompetence of his skilled colleagues.
After studying eCONcomics, you’ll perceive why no economist ever appears to have the ability to clarify what’s going on at the moment, or let you know what’s going to occur tomorrow.
Steve Eager is Professor of Economics at Kingston College in London, and an Honorary Professor at College School London.
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