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John Quiggin
Black Inc.

Zombie Economics: How Dead Ideas Still Walk Among Us

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AuthorJohn Quiggin
PublisherBlack Inc.
PublishedMay 01 2012
Book FormatPaperback
ISBN-139781863955690
Dimensions7.8 X 5.08 X 0.58 inches
Weight 0.6 pounds
BISAC
CategoriesBusiness & Economics > Economics - Theory
LanguageEnglish

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Book Description

In the graveyard of economic ideology, dead ideas still stalk the land. The recent financial crisis laid bare many of the assumptions behind market liberalism - the theory that markets always know best, regardless of the problem. For decades, its advocates had dominated economics, helping to create an unthinking faith in markets, in which speculative investments were seen as fundamentally safe. The crisis seemed to kill off such ideas, but they still live on in the minds of many - members of the public, commentators, politicians, economists, and even those charged with cleaning up the mess. In Zombie Economics, John Quiggin explains how dead ideas still walk among us, in Australia and abroad - and why we must find a way to kill them once and for all if we are to avoid an even bigger crisis in the future. And because these ideas will never die unless there is an alternative, Zombie Economics also looks ahead at what could replace market liberalism, arguing that a simple return to Keynesian economics and the politics of the welfare state will not be enough - either to kill dead ideas, or to prevent future crises. This local edition includes a new chapter and preface on the Australian scene.

Author Bio

John Quiggin is a Professor in Economics at The University of Queensland and is prominent both as a research economist and as a commentator on Australian economic policy. He is a Fellow of the Econometric Society, the Academy of the Social Sciences in Australia and many other learned societies and institutions.

He has produced over 1500 publications, including six books and over 250 journal articles, in fields including decision theory, environmental economics, production economics, and the theory of economic growth. He has also written on policy topics including climate change, micro-economic reform, privatisation, employment policy and the management of the Murray-Darling river system.

His latest book, Economics in Two Lessons: Why Markets Work so Well, and Why They Can Fail So Badly, was released in 2019 by Princeton University Press.

Source: The University of Queensland

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