Browsed by
Tag: introductory economics

A review of James Kwak’s Economism

A review of James Kwak’s Economism

I just finished reading James Kwak’s Economism: Bad Economics and the Rise of Inequality. Here is a quick review of the book.[1] Imagine a first-year economics student. After attending six lectures in introductory economics, and carefully studying the first six chapters of his economics textbook, he gets comfortable with the basic supply-demand model. Bedazzled by the potential uses of this simple model and explanatory power of economics in general (looking at the covers of economics made fun books convinces him…

Read More Read More