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Zombie Economics: How Dead Ideas Still Walk among Us Paperback – May 6, 2012

4.4 out of 5 stars 75 ratings

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Editorial Reviews

Review

"I haven't done justice to Quiggin's book, so if you're interested in a readable exposition of the exploits of academic economists over the past 35 years I recommend it highly. It's the story of how economists forgot much of what they knew. Please, guys, don't do that again."---Ross Gittins, Sydney Morning Herald

"If we're lucky, there will be more books like this one, criticizing 'market liberal' economics (neoliberalism or laissezfaire) from the left. John Quiggin . . . presents a learned and frankly social-democratic attack on market liberalism."---James G. Devine, Science & Society

"Cleverly titled, with a wonderful and very un-academic cartoon cover and written without excessive jargon, Zombie Economics provides an elegant critical introduction and analysis of some of the key ideas of modern economic thought."---Satyajit Das, Naked Capitalism

"This book is certainly a good read for anyone eager to know why it is urgent that economists come up with a socially useful body of thought or suggestions.", Shanghai Daily

"Zombie Economics is . . . a highly readable and sobering assessment of the role played by discredited economic ideas in the global financial and economic meltdown of 2008-09. Quiggin delves deeply into the origins and development of all the star culprits so loved by the economic right in recent decades: from the efficient markets hypothesis to privatization and Real Business Cycle Theory. None has stood up to the stern test posed by real markets and economies in crisis. Yet most live on, still featured in many curriculums and advocated by those academics who have staked their careers on them.", Globe & Mail

"From the so-called 'great moderation' concept to the implications of the efficient markets hypothesis, Quiggin does an excellent job summarizing each zombie idea and explaining why it is discredited in a simple (but not simplistic) manner.", Choice

"The financial crisis has disproved many cherished tenets of 'market liberalism', such as the 'Efficient Markets Hypothesis', yet these zombie ideas still shamble through newspapers and journals. Enter economist Quiggin, calmly wielding dual shotguns to blast them relentlessly in the face. . . . As Quiggin explains with elegance, lucidity and deadpan humour, the undead ideas here are interconnected: killing one causes it to knock over another in a sort of zombie-dominoes effect.", Guardian

"As well as exposing how these flawed ideas brought on the global crisis and how they live on, Quiggin offers his view on a new way forward in economic theory. It's time to bury the zombie."---Fiona Capp, The Age

"When I put on my economist's hat, I admire my field's ability to publicly hang its soiled laundry in public. I encourage my colleagues in sociology, psychology, and management to read this book and leverage it to lead to a more integrated social science and, perhaps, a more socially aware economic science"---.Brent Goldfarb, Administrative Science Quarterly

"Entertaining and thought-provoking. . . . [W]orks as a good summary for non-specialists of how the economics debate has developed."---Philip Coggan, Economist

Review

"Zombie Economics provides a unique and comprehensive discussion of the ideas that failed during the recent financial crisis. But the book contributes much more. Its discussion of how macroeconomics developed, and the ideology that has grown up around it, is every bit as important and interesting."―Mark Thoma, University of Oregon

Product details

  • Item Weight : 9 ounces
  • Paperback : 288 pages
  • ISBN-10 : 0691154546
  • ISBN-13 : 978-0691154541
  • Dimensions : 5.5 x 0.72 x 8.5 inches
  • Publisher : Princeton University Press; Revised edition (May 6, 2012)
  • Language: : English
  • Customer Reviews:
    4.4 out of 5 stars 75 ratings

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Customer reviews

4.4 out of 5 stars
4.4 out of 5
75 global ratings
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Reviewed in the United States on January 28, 2014
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Reviewed in the United States on December 26, 2011
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Reviewed in the United States on May 21, 2012
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Top reviews from other countries

T. Keen
5.0 out of 5 stars Five Stars
Reviewed in the United Kingdom on April 20, 2018
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Ian H
2.0 out of 5 stars A killer of a read (no pun intended)
Reviewed in the United Kingdom on September 5, 2015
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Owen O'Reilly
4.0 out of 5 stars Four Stars
Reviewed in the United Kingdom on April 3, 2015
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Lili
5.0 out of 5 stars Five Stars
Reviewed in the United Kingdom on February 9, 2016
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eve lafrance
5.0 out of 5 stars Awesome, essential book.
Reviewed in Canada on July 11, 2014
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