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SACK THE ECONOMISTS and disband their departments Paperback – January 8, 2014
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About the Author
Dr. Geoffrey F. (Geoff) Davies is a scientist, author and commentator. Born to a farming family and growing up in Australia, Geoff's life has taken him to the USA and back and through several important stages - student, scientist, commentator, learning to be a real person (i.e. growing up some more), father, grandfather and Author Outside His Designated Field. These days he is less concerned with exploring the universe and more concerned with helping humanity to live sensibly with each other on the only planet we have. On economics: Geoff is the author of Economia (2004), the eBook The Nature of the Beast (self-published, 2012), and the eBook Sack the Economists (2013). The commentator: Geoff has contributed opinion pieces over many years to local newspapers and magazines. Since 2009 he has preserved them on the blog http://betternature.wordpress.com . He has long experience, in science and elsewhere, in assessing fractious debates on difficult topics.Â He has lectured on New Science and Old Wisdom and Playing With Superfire (the misapplication of technology to biological systems). The Scientist: Geoff is a retired Senior Fellow (now a Visiting Fellow) in geophysics at the Australian National University. He has authored over one hundred scientific papers and two scientific books and has a Hirsch index of 38 (38 papers each with at least 38 citations, indicating significant international standing and influence). In 2005 he was awarded the inaugural Augustus Love medal for geodynamics by the European Geosciences Union. Â He was selected in 1992 as a Fellow of the American Geophysical Union. His most recent scientific book, Mantle Convection for Geologists, won the 2011 Mary B. Ansari Best Reference Work Award of the GeoScience Information Society.
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Top customer reviews
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A very interesting and penetrating critique of those who advise (economists) those who do not know (politicians), and from which so much turmoil and havoc are created. Written from a scientific perspective, but easily readable, and very informative
Economics certainly has more to do with arts, than rigorous scientific studies, and the shortcomings are many and articulated very clearly.
But more importantly, new answers to the present dilemmas facing the global financial system are provided.
This book, as well as his previous books, are, in my opinion, to be regarded as "must-reads" for those of us who have a keen and unbiased interest in economics and politics. His writing is designed for those who need to understand how we can bring back "common- sense" solutions to the current chaotic financial mess that gave us the GFC.
The Professor of Economics at the University of Sussex has written and excellent book "The Entrepreneurial State" and that, with the blogs mentioned, are way ahead of the author of this book.
The problem is that many corporate economists learn nothing new after completing their tertiary education and therefore are both unwilling and incompetent at "speaking truth to power". The press repeat the parroted answers of these mouthpieces without understanding just how wrong they usually are.
The sovereign, money issuing, government can always fund infrastructure and repairs etc up to the level close to where all resources produced and available in the area covered by the sovereign government are fully utilised.
Almost all asset value inflation is caused by either bank lending that ignores sensible prudential restrictions or by excess incomes in the hands of people who cannot use the money for more sensible purposes. Such practices and behaviours should not be allowed to distort the housing market for people who need homes.
There are some interesting points but the second part of the book is basically just a rant against "neoliberalism" and this obvious bias made me heavily discount the authors views.
In summary I wouldn't bother with this book, it is not fair and balanced and is obviously heavily biased. It may be useful as a critical thinking exercise but not much can be learned from it.