STAFF NEWS & ANALYSIS

Real Markets Are Not ‘Pop Economics’

By Daily Bell Staff – January 20, 2017

The Ways That Pop Economics Hurt America  … Someone needed to write a book about how economic theory has been abused in American politics. And someone finally did. James Kwak’s “Economism” is a very important and timely book, and anyone who is interested in public affairs should pick up a copy and read it.  Kwak, a law professor at the University of Connecticut, spins a tale of how simple supply-and-demand theory fed a free-market ideology that led to a financial crash, a dysfunctional health-care system, spiraling inequality and a threadbare social-safety net. – Bloomberg

The idea that America has free markets is laughable. But this book apparently starts with the idea that people simply want to reinforce what America already has and add to it. In fact, as long as