History of Economics, Economic History - General & Miscellaneous

A Critical History Of Economics

Name: A Critical History Of Economics
Author: John Mills
ISBN: 9781403918925

by John Mills

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Overview

Why have centuries of economic thinking failed to achieve a combination of economic growth, full employment, low inflation, sustainability and avoidance of extreme poverty? John Mills argues that it has not done so because of the way in which economic thought has developed throughout its history. Tracing the evolution of the subject from the ancient world to the present, Mills demonstrates the remarkable extent to which a combination of intellectual error and social and political pressures have diverted the development of economic thinking away from finding effective answers to the pressing problems of the world.

Synopsis

John Mills provides a critical survey of the way economics has developed. He argues that the main goal of economics ought to be to show how to achieve a combination of economic growth, full employment, low inflation, avoidance of extreme poverty, and sustainability. That it has failed to do so is neither inevitable nor accidental. It has failed because of a combination of intellectual error and the effects of social and political pressure, which Mills claims could and should have been avoided.

About the Author, John Mills

John Mills is an economist who has spent all his working life running companies involved in making and selling consumer products. He has written or co-written six books and many articles on economics and related subjects.