How the Economy Was Lost: Paul C. Robert

Image

 

How the Economy Was Lost: The War of the Worlds

 

CounterPunch/AK Press 2010

 

The US economy has disintegrated, and with it into the abyss plummet the blueprints of neoliberal economists, whose theories about “the free market” have now gone the way of medieval alchemy. No voice has been stronger, no prose more forceful, than that of Paul Craig Roberts in predicting collapse. His weekly columns in CounterPunch have won an audience of millions around the world, grateful for a trained economist who can explain lucidly how the well-being of the planet has been held hostage by the gangster elite. Now Dr. Roberts has written the shortest, sharpest outline of economics for the twenty-first century ever put between book covers. He traces the path to ruin and lays out the choices that must be made. There is the “empty world” of corporate exploitation, abetted by the vast majority of economists; or the “full world” of responsible management and distribution of our resources. Amid crisis, this is the guide you’ve been waiting for.[An interesting interpretation of “empty” and “full” worlds. Actually, Roberts uses “empty world” to designate one in which man-made capital is scarce and nature’s capital is plentiful. A “full world” designates the opposite. Today we live in a “full world,” but economic theory is based on an “empty world.]

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s