Economists and the Powerful: Convenient Theories, Distorted Facts, Ample Rewards

“EconomistsandthePowerful:ConvenientTheories,DistortedFacts,AmpleRewards”explorestheworkingsofthemodernglobaleconomy–aneconomyinwhichcompetitionhasbeencorruptedandpowerhasaubiquitousinfluenceuponeconomicbehavior.Basedonempiricalandtheoreticalstudiesbydistinguishedeconomistsfromboththepastandpresentday,thisstudyarguesthatthetrueworkingsofcapitalismareverydifferentfromthepopularmythsvoicedinmainstreameconomics.Offeringacloserlookatthehistoryofeconomicdoctrines–aswellashoweconomistsareincentivized–“EconomistsandthePowerful”exposeshow,whenandwhythethemeofpowerwaserasedfromtheradarscreensofmainstreameconomicanalysis–andtheinfluencethissubversiveremovalhashaduponthemodernfinancialworld.