List of Boxes, Figures and Tables
List of Abbreviations
1. Prophets and Profits
2. The Contest of Economic Ideas: Survival of the Richest
3. The Consequences of Economic Ideas
4. Milton Friedman: The Godfather of the Age of Instability and Inequality
5. The Deregulationists: Public Choice and Private Gain
6. The Great Vacation: Rational Expectations and Real Business Cycles
7. Bursting Bubbles: Finance, Crisis and The Efficient Market Hypothesis
8. Economists Go to Washington: Ideas in Action
9. Conclusion: Dissenters and Victors
Robert Chernomas is Professor of Economics at the University of Manitoba, Canada. He is co-author (with Ian Hudson) of Economics in the Twenty-first Century: A Critical Perspective (University of Toronto Press, 2016) and To Live and Die in America: Class, Power Health and Health Care (Pluto Press, 2013). Ian Hudson is Associate Professor of Economics at the University of Manitoba, Canada. He is the co-author (with Robert Chernomas) of Economics in the Twenty-first Century: A Critical Perspective (University of Toronto Press, 2016) and To Live and Die in America: Class, Class, Power Health and Health Care (Pluto Press, 2013).
'The financial crisis alerted the public to what some insiders have
known for decades: mainstream economic ideas are seriously flawed.
Chernomas and Hudson lay bare both the ideas and the equally flawed
individuals behind them, from Milton Friedman to the ex-"Maestro"
Alan Greenspan' -- Professor Steve Keen, author of Debunking
Economics (Zed Books, 2011)
'In lucid and accessible prose, The Profit Doctrine shows how the post-war evolution of economic ideas has systematically favoured the profitability of big business over the interests of everyday people' -- Gary Dymski, Professor and Chair in Applied Economics, Leeds University Business School