It laid out a clear and concise history of the modern economy. Economix: How Our Economy Works (And Doesn't Work) In Words and Pictures Economix: How Our Economy Works (And Doesn't Work) In Words and Pictures 1 - GN released by Abrams ComicArts on August. of Discover magazine Through a potent mix of comics and punchy, concise. An economic comic book and definitely my first one. Economix van Michael Goodwin (boek, paperback, ISBN 9780810988392). I trust his book suggestions and this was the one he suggested from the books he read in 2017. A lot of very hard working people around the world can’t afford to buy the things they produce. Economix was suggested by a good friend of mine, Josh Willis. (Neoclassical ideology is supply-side: create the supply and people will work hard to buy it. That system is the Keynesian mixed-market system we used during the post-war era (1945-1980) which created modern living standards that were unprecedented in history. People need to be prepared to offer a viable alternative to neoclassical ideology whose reforms killed the economy over the past 35 years. The global economy is like a star that’s run out of fuel and is about to implode. In any case, a future economic meltdown is coming that will dwarf the 2008 derivatives-fraud meltdown. New York TimesBestseller: An engrossing history. And things can only get worse as global wage competition further deflates wages (and increase debt burden.) Affordable digital textbook from RedShelf: Economix by: Michael Goodwin. So this “secular stagnation” we are suffering from is really the destruction of demand manifesting itself. Therefore this destruction of demand means people will be buying less cars. Obviously a person making $3/hr is not going to be able to afford a new car, or even a used car. So if one looks at the economics of this, a person making minimum wage in Canada or the US certainly can’t afford to buy a new car. (Canadian market fundamentalists like Stephen Gordon have said it’s pointless to invest taxpayer money in auto plants because free-trade is certain to kill all auto jobs in Canada. Free-trade moves these jobs to Mexico, where workers are paid $3/hr. Auto jobs, for example, in Canada and the US pay roughly $30/hr plus benefits. Delightfully presented, powerful, insightful, and important information. The Pathological Pursuit of Profit and Power. One thing about free trade in particular I find hard to remedy is the destruction of demand. Economix explains the Trans-Pacific Partnership. They even name schools in the theological tradition: “Orthodox” and “Heterodox”. In his initial reading, Mike thought he caught glimpses of a story, a story nobody seemed to be telling. His interest in history led him to an interest in the economic forces that underlie much of history, and he eventually started reading up on economics. Different schools of economic thought believe different things. Michael Goodwin is a freelance writer who has always loved comics and history. The real problem is that economics is not a real science. So, along with Reddit, I cannot recommend this enough. Reagonomics, tickle-down economics, and tax cutting the rich and major corporations pretty much ruined everything. All of civilization’s problems boil down to economics. Most 20th century communism models picked and choose what they liked from Marx (to his great frustration, assumingly).
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