In How Mumbo-Jumbo Conquered the World, Francis Wheen brilliantly laments the extraordinary rise of superstition, relativism and emotional hysteria. What characterizes our era? Cults, quacks, gurus, irrational panics, moral confusion and an epidemic of mumbo-jumbo, that's what. The result has been that the trickle-down policies promoted by the Republican Party are undermining our economy, democracy, institutions and health.” For further discussion contact author at But trickle-down has not only distorted our economic thought it has also distorted our political thought, our sociology and our concept of the rule of law. He has published widely in books, co-edited books, chapters and research papers in heterodox and ecological macroeconomics, fiscal and monetary policy, financialisation, and industrial policy.From inside the book: “Since 1980, the economy has been growing, and productivity has been growing, but trickle-down values-that we, the American people promote, pursuant to the Republican Party’s conservative ideology-have rigged the economy to continuously upwardly redistribute those revenues attributable to our increased productivity, yielding a productivity/wage disconnect, resulting in increased concentration of income and wealth at the top, in corporations and among older Americans (beneficiaries of income from Social Security, pensions and investments and continuing income due to delaying retirement), and the lowest percentage of GDP attributable to wages and highest attributable to profits since World War II.
He was the managing editor of the International Review of Applied Economics for over three decades.
He was the principal investigator for the European Union funded (8 million euros) five-year research project Financialisation, Economy, Society and Sustainable Development, involving 15 partner institutions across Europe and more widely. Malcolm Sawyer is Emeritus Professor of Economics, Leeds University Business School, University of Leeds, UK.
He has published as sole author or editor, as well as co-author and co-editor, a number of books, contributed in the form of invited chapters to numerous books, produced research reports for research institutes, and has published widely in academic journals. He is also Adjunct Professor, University of Utah, USA, and Research Associate, Levy Economics Institute, New York, USA. Philip Arestis is Professor and Director of Research at the Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UK, and Professor at the Department of Applied Economics, University of the Basque Country, Spain.
0 kommentar(er)
