Taking Economics Seriously

Taking Economics Seriously
Author :
Publisher : MIT Press
Total Pages : 50
Release :
ISBN-10 : 9780262291538
ISBN-13 : 0262291533
Rating : 4/5 (38 Downloads)

Book Synopsis Taking Economics Seriously by : Dean Baker

Download or read book Taking Economics Seriously written by Dean Baker and published by MIT Press. This book was released on 2010-04-02 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Taking Economics Seriously Related Books

Taking Economics Seriously
Language: en
Pages: 50
Authors: Dean Baker
Categories: Political Science
Type: BOOK - Published: 2010-04-02 - Publisher: MIT Press

DOWNLOAD EBOOK

A leading economist's exploration of what our economic arrangements might look like if we applied basic principles without ideological blinders. There is nothin
Taking New Zealand Seriously
Language: en
Pages: 237
Authors: Tim Hazeldine
Categories: Free trade
Type: BOOK - Published: 1998-01-01 - Publisher: HarperCollins Publishers

DOWNLOAD EBOOK

Basic Economics
Language: en
Pages: 704
Authors: Thomas Sowell
Categories: Business & Economics
Type: BOOK - Published: 2014-12-02 - Publisher: Hachette UK

DOWNLOAD EBOOK

The bestselling citizen's guide to economics Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works b
The First Serious Optimist
Language: en
Pages: 346
Authors: Ian Kumekawa
Categories: Business & Economics
Type: BOOK - Published: 2017-06-06 - Publisher: Princeton University Press

DOWNLOAD EBOOK

A groundbreaking intellectual biography of one of the twentieth century's most influential economists The First Serious Optimist is an intellectual biography of
Principles
Language: en
Pages: 560
Authors: Ray Dalio
Categories: Business & Economics
Type: BOOK - Published: 2018-08-07 - Publisher: Simon and Schuster

DOWNLOAD EBOOK

#1 New York Times Bestseller “Significant...The book is both instructive and surprisingly moving.” —The New York Times Ray Dalio, one of the world’s mos