- Summary
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This book enables the general public to understand how the economy actually works in the real world beyond the abstract models and unrealistic assumptions of conventional economics. It also examines the mistakes of mainstream economists who championed globalization, overlooking the hardship of displaced workers, who promoted deregulation of the economy that led to the 2008 financial crisis, and who ignored the dramatic rise in inequality and technological unemployment. These errors, of historical magnitude, led to the rise of anti-democratic populism and the election of Donald Trump. The book also introduces the reader to a more humane and inclusive economy—capitalism with a human face.
- Contents
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1. Bienvenue dans l’économie du monde réel
2. Les preuves empiriques : Les marchés ne sont ni omniscients ni omnipotents
3. La nature de la demande
4. La fin de l’homo œconomicus : les fondements de l’économie comportementale
5. Influence et souveraineté du consommateur
6. Oligopole et concurrence imparfaite
7. Les rendements des facteurs de production
8. Surveillance, régulation et gestion des marchés
9. Applications microéconomiques : du tableau noir au monde réel
10. Qu’est-ce que la macroéconomie ?
11. La macroéconomie – partie II
12. La macroéconomie – partie III
13. Le tsunami de la mondialisation
14. La crise financière de 2008
15. Du fourvoiement des économistes au populisme d’extrême-droite et l’assaut du Capitole
16. L’enseignement de l’économie et les éléments de racisme caché
17. La pandémie de la Covid-19 : notre besoin d’une économie solide face aux « cygnes noirs »
18. Conclusion : vers un capitalisme à visage humain
- Author (s)
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John KOMLOSJohn Komlosearned two Ph.D.s (in economics and in history) from the University of Chicago where he studied with several Noble-Price winning economists. He is Professor Emeritus of the University of Munich and was a visiting professor at Harvard, Duke, North Carolina, Vienna, and St. Gallen.Katharina PRIEDL (transl. by)
- Readership
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Everyone must read this book who wants to know how the economy actually functions – rather than how it is supposed to work in theory. It offers a clear, non-technical introduction to complex economic process, making it accessible to readers without any prior background in economics.
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