Seven Bad Ideas
How Mainstream Economists Have Damaged America and the World

Madrick's book Seven Bad Ideas is very thought-provoking and should probably be read by all economists. It is a well-written book and presents reasonable and persuasive arguments against neoclassical economics in general, and anything related to Milton Friedman in particular. The book does not neces......more

This book attempts to list a series of "bad ideas" of mainsream economics and how their adoption by policy makers has led to poor and even disastrous results. It is better understood as some essays on how the bad policy adoption in overly specific instances of general economic ideas that were never......more

This book gives a great overview of how much of modern economic theory is built on wishful thinking--not on verifiable facts and theories--but rather is based largely on the philosophical ideas of Adam Smith with large regular injections of Libertarian-ism and other political theory. The author provi......more