Taking Economics Seriously - Boston Review Books (Hardback)
  • Taking Economics Seriously - Boston Review Books (Hardback)
zoom

Taking Economics Seriously - Boston Review Books (Hardback)

(author), (editor)
£13.99
Hardback 104 Pages / Published: 02/04/2010
  • We can order this

Usually despatched within 1 week

  • This item has been added to your basket
A leading economist's exploration of what our economic arrangements might look like if we applied basic principles without ideological blinders. There is nothing wrong with economics, Dean Baker contends, but economists routinely ignore their own principles when it comes to economic policy. What would policy look like if we took basic principles of mainstream economics seriously and applied them consistently? In the debate over regulation, for example, Baker-one of the few economists who predicted the meltdown of fall 2008-points out that ideological blinders have obscured the fact there is no "free market" to protect. Modern markets are highly regulated, although intrusive regulations such as copyright and patents are rarely viewed as regulatory devices. If we admit the extent to which the economy is and will be regulated, we have many more options in designing policy and deciding who benefits from it. On health care reform, Baker complains that economists ignore another basic idea: marginal cost pricing. Unlike all other industries, medical services are priced extraordinarily high, far above the cost of production, yet that discrepancy is rarely addressed in the debate about health care reform. What if we applied marginal cost pricing-making doctors' wages competitive and charging less for prescription drugs and tests such as MRIs? Taking Economics Seriously offers an alternative Econ 101. It introduces economic principles and thinks through what we might gain if we free ourselves from ideological blinders and get back to basics in the most troubled parts of our economy.

Publisher: MIT Press Ltd
ISBN: 9780262014182
Number of pages: 104
Weight: 181 g
Dimensions: 178 x 114 x 14 mm

You may also be interested in...

The Wealth Of Nations
Added to basket
The Invisible Hand
Added to basket
£4.99
Paperback
The Ascent of Money
Added to basket
The Great Degeneration
Added to basket
This Changes Everything
Added to basket
The Wealth of Nations
Added to basket
How Much is Enough?
Added to basket
Poor Economics
Added to basket
£9.99
Paperback
The Economics Book
Added to basket
DK
£17.99
Hardback
Microeconomics: Study Guide
Added to basket
The Shock Doctrine
Added to basket
£12.99
Paperback
The Road to Serfdom
Added to basket
£15.99
Paperback
Capital
Added to basket
£8.99
Paperback
Boomerang
Added to basket
£9.99
Paperback
Superfreakonomics
Added to basket
Conspicuous Consumption
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.