(Ep. 61) [Book Talk] ECONOMISM - Bad Economics and the Rise of Inequality, by James Kwak

In “Economism: Bad Economics and the Rise of Inequality”, James Kwak makes a compelling case that an overly simplistic understanding of economics (‘Econ 101’) is exacerbating the economic, social, and political problems of both the United States and the world at large.

It’s extremely important to understand that these simple ideas are being used to mislead us, to lie to us, to cheat us. Kwak does an admirable job of making this clear. And it is equally as important to be alert and to recognize when this is happening so that you can better understand exactly what it is that people are trying to do.

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