The Profit Doctrine: Economists of the Neoliberal Era

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, Milton Friedman, and Robert Lucas, the authors Robert Chernomas and Ian Hudson demonstrate that many of those who rose to prominence did so primarily because of their defence of, and contribution to, rising corporate profits and not their ability to predict or explain economic events. An important and controversial book, The Profit Doctrine exposes the uses and abuses of mainstream economic canons, identify those responsible and reaffirm the primacy of political economy.

Author: Robert Chernomas
Publisher: Pluto Press (UK)
Published: 12/20/2016
Pages: 256
Binding Type: Paperback
Weight: 0.70lbs
Size: 8.40h x 5.20w x 0.80d
ISBN: 9780745335858

About the Author
Robert Chernomas is professor of economics at the University of Manitoba and coauthor of Social Murder and Other Shortcomings of Conservative Economics, The Gatekeeper: Sixty Years of Economics according to the "New York Times", and To Live and Die in America: Class, Power, Health, and Health Care. Ian Hudson is professor of economics at the University of Manitoba and coauthor of Economics in the Twenty-first Century: A Critical Perspective

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