Alan S. Blinder is the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton. He was Vice Chairman of the Board of Governors of the Federal Reserve between 1994 and 1996. His most recent book is After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead. (December 2014)
Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World
by Jeff Madrick
The Queen of England famously asked British economists why nobody saw the financial crisis coming. Lots of nonroyal people also have a feeling that there’s something wrong with economics. Jeff Madrick, an economics journalist of some accomplishment and considerable intelligence, shares his views on what’s wrong with economics in this engaging book. But methinks the gentleman doth protest too much.