Originally published in 1969. In describing the emergence of oligopoly, Professor Eichner has written a history of the American sugar refining industry, one based in part on records of the United States Department of Justice. Sugar refining was one of the first major industries to be consolidated, and its expertise was in many ways typical of the development of other industries. Eichner's focus is on the changing pattern of industrial organization.This study is based on a unique fo...

Does there exist an alternative to the “neoclassical synthesis” presented to students in introductory, intermediate, and advanced economics courses? The alternative is the post-Keynesian theory which is the subject of this book.

New York Times Bestseller • Notable Book of the Year • Editors' Choice SelectionOne of Bill Gates’ “Amazing Books” of the YearOne of Publishers Weekly’s 10 Best Books of the YearLonglisted for the National Book Award for NonfictionAn NPR Best Book of the YearWinner of the Hillman Prize for NonfictionGold Winner • California Book Award (Nonfiction)Finalist • Los Angeles Times Book Prize (History)Final...

Economists have a bad reputation. Not only do they assume that everyone is self-interested and amoral, they are almost always cheerleaders for the free market. As a result, most people who do not already share their beliefs ignore everything that economists have to say. This is a problem. Even among the highly educated, economics is a minefield of fallacies and errors. Among those who know little about the subject—a group that includes the average taxpayer and consumer, as well as most jou...

Volume two of the Pulitzer Prize-winning author's Age of Roosevelt series describes Franklin Delano Roosevelt's first tumultuous years in the White House.Coming into office at the bottom of the Great Depression, FDR told the American people that they have nothing to fear but fear itself. The conventional wisdom having failed, he tried unorthodox remedies to avert economic collapse. His first hundred days restored national morale, and his New Dealers filled Washingt...

Debunking Economics exposes what many non-economists may have suspected and a minority of economists have long known: that economic theory is not only unpalatable, but also plain wrong. When the original Debunking was published back in 2001, the market economy seemed invincible, and conventional 'neoclassical' economic theory basked in the limelight. Steve Keen argued that economists deserved none of the credit for the economy's performance, and that 'the false confidence it has engendered...

A sharply critical new look at Franklin D. Roosevelt's presidency reveals government policies that hindered economic recovery from the Great Depression -- and are still hurting America today.In this shocking and groundbreaking new book, economic historian Burton W. Folsom exposes the idyllic legend of Franklin D. Roosevelt as a myth of epic proportions. With questionable moral character and a vendetta against the business elite, Roosevelt created New Deal programs ...

James Grant’s story of America’s last governmentally untreated depression: A bible for conservative economists, this “carefully researched history…makes difficult economic concepts easy to understand, and it deftly mixes major events with interesting vignettes” (The Wall Street Journal).In 1920–1921, Woodrow Wilson and Warren G. Harding met a deep economic slump by seeming to ignore it, implementing policies that most 21st century economists would call bac...

In the graveyard of economic ideology, dead ideas still stalk the land. 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 id...

The Great Depression and the New Deal. For generations, the collective American consciousness has believed that the former ruined the country and the latter saved it. Endless praise has been heaped upon President Franklin Delano Roosevelt for masterfully reining in the Depression’s destructive effects and propping up thecountry on his New Deal platform. In fact, FDR has achieved mythical status in American history and is considered to be, along with Washington, Jefferson, and Lincol...

Perhaps the most peculiar feature of a financial bubble – one that Charles Kindleberger's classic work Manias, Panics and Crashes draws particular attention to – is the inability of those trapped inside it to grasp the seriousness of their predicament. They know in principle that bubbles exist, and they know that the financial crashes that result from them are capable of destroying individuals' wealth and entire economies. Yet whenever and wherever a bubble begins to form, we're told that ...