Day of the (Brain) Dead

From The Economist

WHEN a book with the title Zombie Economics: How Dead Ideas Still Walk Among Us arrived on my desk, I figured it could go one of two ways. One possibility could be that the zombies were Keynesians, discredited in the 1970s but back in favour today. But the cover illustration of trickle-down economics and efficient financial markets illustrates that the Chicago school is deemed to be the haven of the undead.

It is an entertaining and thought-provoking book by an Australian academic John Quiggin, which also works as a good summary for non-specialists of how the economics debate has developed (NB the book will not be published until October).

To read more…