Chapter 1: Introduction
Chapter 2: Development and Growth
Chapter 3: Labor, Income, and Inequality in the U.S.
Chapter 4: Health: Individual vs. Social Responsibility
Chapter 5: Crime
Chapter 6: Two Kinds of Crises
Chapter 7: Conclusion
"Has economics learned from its mistakes to become a more grounded and critical discipline? Alas, no. In this exhaustive and powerful critique of the work of leading young neoclassicals, Chernomas and Hudson confirm that, unfortunately, the profession's bad old ways are alive and well." -- Jim Stanford, Harold Innis Industry Professor of Economics, McMaster University "The global financial collapse and Great Recession of 2008-9 exposed, for all to see, that mainstream economists understand very little about how capitalist economies actually operate, despite their ever-more sophisticated technical toolkit. Robert Chernomas and Ian Hudson provide a powerful explanation for this sorry state of affairs, demonstrating that even the most accomplished young mainstream economists consistently ignore the basic realities of class conflict and power that are elemental features of capitalism. Economics in the Twenty-First Century is a valuable new resource for people who want to both understand and change the world." -- Robert Pollin, Distinguished Professor of Economics and Co-Director, Political Economy Research Institute (PERI), University of Massachusetts-Amherst
Robert Chernomas is a professor in the
Department of Economics at the University of Manitoba.
Ian Hudson is a professor in the Department of
Economics at the University of Manitoba.
‘A powerful critique of the discipline and an excellent introduction to contemporary economics… Highly recommended.’ - R.W. Glover (Choice vol 54:03:2016)
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