On the Perils of Leaving Economics to the Experts
by Joe Earle, Cahal Moran, Zach Ward-Perkins
Pub Date 6 Jul 2017
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 what we can do about it.
A writer, organiser and researcher, Joe Earle is a trustee of Rethinking Economics and its sister organisation Economy (www.ecnmy.org).
Cahal Moran is studying for a PhD in economics at the University of Manchester, researching applied behavioural economics.
Zach Ward-Perkins is a former trustee of Rethinking Economics, and is still an active member of the movement to change economics. He is now a researcher at the University of Sheffield, working with the Local Authority on how to transform the provision of social care in the City.
They are founding members of the Post-Crash Economics Society at the University of Manchester.
'A fearless call for change' - Owen Jones
'An interesting and highly pertinent book' - Noam Chomsky
'Utterly compelling and sobering.' Ha-Joon Chang
'An explosive call for change ... packed with original research ... a case study for the question we should all be asking since the crash: how have the elites - in Westminster, in the City, in economics - stayed in charge?' - Aditya Chakrabortty, Guardian
'A rousing wake-up call from a collective of dissident graduate students ... technically assured, well-argued and informative' Robert Skidelsky
'If war is too important to be left to the generals, so is the economy too important to be left to narrowly trained economists ... thought-provoking' Martin Wolf