WRONG : Nine Economic Policy Disasters and What We Can Learn from Them

Oxford University Press Inc

Discover critical economic insights with 'Wrong: Nine Economic Policy Disasters and What We Can Learn from Them' by Richard S. Grossman. This compelling book delves into the root causes of major economic crises over the past 200 years, revealing how flawed policy-making, driven by ideology rather than sound economic principles, has led to devastating outcomes. Grossman meticulously examines nine significant economic blunders, including the rejection of central banks, the Irish famine, the re-establishment of the gold standard post-WWI, the Smoot-Hawley Tariff, Japan's lost decade, the American subprime crisis, and the European sovereign debt crisis. Each case study explains the rationale behind the policy, its implementation, and its far-reaching consequences. Learn from historical mistakes and understand the importance of evidence-based economic analysis over rigid adherence to ideology. This book is an essential read for anyone seeking to understand economic history and policy. Summary: Nine Economic Policy Disasters and What We Can Learn from Them, Richard S. Grossman, Oxford University Press Inc, Hardback, 296 pages, English, ISBN 9780199322190.