Dangerous Currents: The State Of Economics
Condition: SECONDHAND
This is a secondhand book. The jacket image is a photograph of the exact copy we have in stock. This image shows the condition of this book. Further condition remarks are below.
Condition remarks:
Book: Good
Jacket: No dust jacket
Pages: Good
Condition remarks: Condition as shown in image
At a moment when Western economies were adrift in stagflation, rising unemployment, and ideological gridlock, MIT economist Lester C. Thurow issued a bold and unflinching diagnosis of a discipline in crisis. Dangerous Currents: The State of Economics argues that mainstream economic theory — built on the twin pillars of price-auction markets and the rational profit-maximising individual — has become dangerously disconnected from economic reality, leaving policymakers armed with elegant models that consistently fail to predict or resolve the turbulent forces reshaping modern capitalism. Thurow writes with the clarity and conviction of a public intellectual determined to rescue economics from its own insularity, dissecting the structural failures of Keynesian and monetarist schools alike with surgical precision. His prose is accessible without sacrificing rigour, making complex theoretical battles legible to the informed general reader while retaining the analytical depth demanded by specialists. A landmark work of heterodox economic thought, Dangerous Currents ultimately poses a question that remains as urgent today as when it was first published: if our best economic theories cannot explain the world we live in, what happens when the currents grow more dangerous still?
Author: Lester C. Thurow
Format: Paperback
Genre: Business & economics
Condition remarks:
Book: Good
Jacket: No dust jacket
Pages: Good
Condition remarks: Condition as shown in image
At a moment when Western economies were adrift in stagflation, rising unemployment, and ideological gridlock, MIT economist Lester C. Thurow issued a bold and unflinching diagnosis of a discipline in crisis. Dangerous Currents: The State of Economics argues that mainstream economic theory — built on the twin pillars of price-auction markets and the rational profit-maximising individual — has become dangerously disconnected from economic reality, leaving policymakers armed with elegant models that consistently fail to predict or resolve the turbulent forces reshaping modern capitalism. Thurow writes with the clarity and conviction of a public intellectual determined to rescue economics from its own insularity, dissecting the structural failures of Keynesian and monetarist schools alike with surgical precision. His prose is accessible without sacrificing rigour, making complex theoretical battles legible to the informed general reader while retaining the analytical depth demanded by specialists. A landmark work of heterodox economic thought, Dangerous Currents ultimately poses a question that remains as urgent today as when it was first published: if our best economic theories cannot explain the world we live in, what happens when the currents grow more dangerous still?