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Here we get some asides and critiques on neo-classical/neoliberal economics and related economic policies, heavily tinged with political undertones, but with some decent and useful data scattered through it. I can't buy the overall thesis that this form of economics is crazy, worthless and irrevocably discredited all of a sudden as of the fall of 2008. As with most such critiques I've seen, it seems to miss the proviso heard often from its proponents admitting its flaws, or rather its disparities from observed behaviors in the real world, sometimes. Yes, there are critical moments when seemingly inexplicable things happen, in relation to idealized frictionless markets and such. But this approach to economics DOES yet give us useful traction on a lot of things that DO happen in the real world. I would like a more disciplined sifting of which economic and political thinkers have said just what about these matters. But it all seems to be bundled together and tarred with a broad, disapproving brush. At some point it morphs from a critique of a school of economics into a polemic against rising inequality, heavy I suppose with nostalgia for an era that, whatever we may feel about it, simply does not exist anymore (and, I would say, collapsed under its own soured idealisms and the shifting tides of economic history alongside the ever-rising claims of many payees, that proved unsustainable, circa 1970, cracking the New Deal coalition as it had evolved, or rather, devolved). In the inequality arguments this book may have scooped more recent works that chip away at the same topics. There, it does offer some useful data but it is a bit polemical-popular for my tastes. On the plus side, it is listenable and these threads can be sorted out.
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Would you listen to Zombie Economics again? Why?
No, because I already know everything that's in it. But you should read it.
What was one of the most memorable moments of Zombie Economics?
The section on Dynamic Stochastic General Equilibrium models.
Which character – as performed by Gideon Emery – was your favorite?
Did you have an extreme reaction to this book? Did it make you laugh or cry?
Any additional comments?
After you listen to the book, check out the author's blog.