Economics has always been nicknamed the “dismal science,” but today the field seems a little more dismal than usual as governments, social movements, and even students complain that the discipline is failing to make sense of the major economic problems of the day.In Economics in the Twenty-First Century, Robert Chernomas and Ian Hudson demonstrate how today’s top young economists continue to lead the field in the wrong direction. The recent winners of the John Bates Clark ...

Reviled as one of the worst healthcare providers in the world, the United States has among the worst indicators of health in the industrialised world, whilst paradoxically spending significantly more on its health care system than any other industrial nation.Economists Robert Chernomas and Ian Hudson explain this contradictory phenomenon as the product of the unique brand of capitalism that has developed in the US. It is this particular form of capitalism that analogously created s...

Biological justification for all forms of inequality has a long history, with the claim that particular groups suffer disproportionately from inherited flaws of ability and character used to explain a remarkably wide variety of inequalities.Providing an important critique of that biodeterminist history and how the Human Genome Project has inspired some contemporary scientists and economists to follow a similar path of ascribing socioeconomic outcomes to genetic inheritance, The...

Examining the conditions that not only blocked attempts to make America great again but also actively made the country worse, Why America Didn’t Become Great Again identifies those organizations, institutions, politicians, and prominent characters in the forefront of the economic and social policies – ultimately asking who is responsible.The period from the late 1970s to 2020s became the best of times for America’s corporate class. As profits grew along with the wealth and...

Part I of this book explores the economists debate over the relative costs of the two health care systems. Part II explores the debate about access and quality of outcomes in the U.S. and Canadian systems. Part III of this book incorporates surveys and debate on the U.S. and Canadian health care systems in terms of satisfaction, interest, and willingness to accept either the U.S. market-driven system or the Canadian single-payer system.

The New York Times is possibly the most influential newspaper in the world. Because of this, it has become the topic of much debate about media bias, with some claiming that it is liberal and others that it is conservative. The Gatekeeper argues that this debate is misleading and that the New York Times can more accurately be characterised as supporting the interests of US corporations, which involves both liberal and conservative positions. Through examining the paper's coverage of key is...

This book is about the transformation of America that has occurred over the past thirty-five years, as capitalist logic has expanded into previously protected spheres of life. This expansion has had devastating effects on the potential for human development. Looking at how human beings create themselves and their worlds on material foundations of health and the natural environment, through work and politics, the book chronicles how neoliberalism has limited human potential. At a time when ...

The economics profession has a lot to answer for. After the late 1970s, the ideas of influential economists have justified policies that have made the world more prone to economic crisis, remarkably less equal, more polluted and less secure than it might be. How could ideas and policies that proved to be such an abject failure come to dominate the economic landscape?By critically examining the work of the most famous economists of the neoliberal period including Alan Greenspan, Mil...