The Econocracy

A century ago, the idea of 'the economy' didn't exist. Now economics is the supreme ideology of our time, with its own rules and language. The trouble is, most of us can't speak it. This is damaging democracy. Dangerous agendas are hidden inside mathematical wrappers; controversial policies are presented as 'proven' by the models of economic 'science'. Government is being turned over to a publicly unaccountable technocratic elite. The Econocracy reveals that economics is too important to be left to the economists - and shows us how we can begin to participate more fully in the decisions which affect all our futures.

A particular, narrow way of thinking about the economy is dominant in society today. This work explores how this came to be, why the system cannot continue and how to build a better future.

Economics is a broad and diverse discipline, but most economics textbooks only cover one way of thinking about the economy. This book provides an accessible introduction to nine different approaches to economics: from feminist to ecological and Marxist to behavioural. Each chapter is written by a leading expert in the field described and is intended to stand on its own as well as providing an ambitious survey that seeks to highlight the true diversity of economic thought. Students of economics around the world have begun to demand a more open economics education. This book represents a first step in creating the materials needed to introduce new and diverse ideas into the static world of undergraduate economics. This book will provide context for undergraduate students by placing the mainstream of economic thought side by side with more heterodox schools. This is in keeping with the Rethinking Economics campaign which argues that students are better served when they are presented with a spectrum of economic ideas rather than just the dominant paradigm. Rethinking Economics: An Introduction to Pluralist Economics is a great entry-level economics textbook for lecturers looking to introduce students to the broader range of ideas explored within the economics profession. It is also appropriate and accessible for people outside of academia who are interested in economics and economic theory.

Curating the contributions of Twitter users via hashtags, crowd-sourced syllabi respond to evolving crises and critical questions in real time, resulting in living materials for educators and students. This book showcases how these syllabi are filling a gap in educational efficacy by providing access to forgotten, hidden and unpopular resources.

Exploring the wealth of career opportunities open to those with an interest in economics, Pryce, Ross, Birdi, and Harwood reflect on how students can become successful economists. An ideal complement to skills and employability modules on economics courses, or as pre-course reading, the authors explain the attributes that employers want and guide students to assemble the essential toolkit that all good economists need. The content uniquely brings together chapters which demystify the roles and industries that typically recruit economists; explore the importance of strong communication, quantitative, and broader soft skills and how to develop these; and coaches readers through the application and interview process for graduate positions. Readers will benefit from candid reflections on the advantages and drawbacks of particular career paths as well as the insights contributed by the authors, recent graduates,and experienced industry professionals. Professionals with experience working in industries such as financial services, government and policy, journalism, and consultancy participated in conversations with the authors about their careers. The valuable insights and advice they shared are included throughout the book and full video interviews can be found either in the e-book version of this title, or with the accompanying online resources. Digital formats and resourcesThis book is available for students and institutions to purchase in a variety of formats, and is supported by online resources. The e-book offers a mobile experience and convenient access along with video content capturing conversations between the authors and practitioners and links that offer extra learning support: www.oxfordtextbooks.co.uk/ebooks

From the internationally bestselling author and prizewinning economist--a highly original guide to the global economy. In his bestselling 23 Things They Don't Tell You About Capitalism, Cambridge economist Ha-Joon Chang brilliantly debunked many of the predominant myths of neoclassical economics. Now, in an entertaining and accessible primer, he explains how the global economy actually works--in real-world terms. Writing with irreverent wit, a deep knowledge of history, and a disregard for conventional economic pieties, Chang offers insights that will never be found in the textbooks. Unlike many economists, who present only one view of their discipline, Chang introduces a wide range of economic theories, from classical to Keynesian, revealing how each has its strengths and weaknesses, and why there is no one way to explain economic behavior. Instead, by ignoring the received wisdom and exposing the myriad forces that shape our financial world, Chang gives us the tools we need to understand our increasingly global and interconnected world often driven by economics. From the future of the Euro, inequality in China, or the condition of the American manufacturing industry here in the United States--Economics: The User’s Guide is a concise and expertly crafted guide to economic fundamentals that offers a clear and accurate picture of the global economy and how and why it affects our daily lives.

Setting a new benchmark for studies of technocracy, this book shows that a solution to the challenge of populism will depend as much on a technocratic retreat as democratic innovation. Esmark examines the development since the 1980s of a new 'post-industrial' technocratic regime and its complicity in the populist backlash against politics and political elites that is visible today. The new technocracy – a combination of network governance, risk management and performance management – has, the author argues, abandoned the overtly anti-democratic sentiments of its industrial predecessor and proclaimed a new partnership with democracy. The rise of populism, however, is a clear sign that the inherent problems of this partnership have been exposed and that technocracy posing as democracy will only serve to exacerbate existing problems.

Aeron Davis takes a close look at the state of elites today. He argues that the Brexit vote and 2017 election outcome are signs of a deeper leadership crisis that has been developing over decades. The great transformations of the 1980s onwards have not only upended societies, they have reshaped elite rule itself. Too many leaders today, regardless of intent, are ignorant, precarious, rootless and self-serving. Although richer, they have lost coherence, influence and control. Increasingly, they are just reckless opportunists, getting what they can amid the chaos they have created. Their failings are not only damaging wider society, they are undermining the very foundations of the Establishment itself. The book, based on interviews with over 350 elite figures, asks: how did we end up producing the leaders that got us here and what can we do about it?

Keynes was an elitist and pro-capitalist economist, whom the left should embrace with caution. But his analysis provides a concreteness missing from Marx and engages with critical issues of the modern world that Marx could not have foreseen. This book argues that a critical Marxist engagement can simultaneously increase the power of Keynes’s insight and enrich Marxism. To understand Keynes, whose work is liberally invoked but seldom read, Dunn explores him in the context of the extraordinary times in which he lived, his philosophy, and his politics. By offering a detailed overview of Keynes’s critique of mainstream economics and General Theory, Dunn argues that Keynes provides an enduringly valuable critique of orthodoxy. The book develops a Marxist appropriation of Keynes’s insights, arguing that a Marxist analysis of unemployment, capital and the role of the state can be enriched through such a critical engagement. The point is to change the world, not just to understand it. Thus the book considers the prospects of returning to Keynes, critically reviewing the practices that have come to be known as ‘Keynesianism’ and the limits of the theoretical traditions that have made claim to his legacy.