The Economics Of Illusion

The Economics of Illusion is a critical analysis of contemporary economic theory and policy, written by Ludwig Albert Hahn. The book challenges the traditional economic assumptions and models that have dominated the field for decades, arguing that they are flawed and misleading. Hahn argues that the current economic paradigm is built on a set of illusions that have been perpetuated by policymakers and economists alike. He argues that these illusions have led to misguided policies and harmful economic outcomes, such as rising inequality, financial instability, and environmental degradation. The book is divided into three sections. The first section provides a critique of neoclassical economics, which Hahn argues is fundamentally flawed in its assumptions about human behavior, markets, and equilibrium. The second section examines alternative economic theories, including institutional economics, behavioral economics, and post-Keynesian economics. Hahn argues that these alternative theories offer more realistic and nuanced models of economic behavior and outcomes. The final section of the book focuses on economic policy, arguing that current policies are driven by the illusions of neoclassical economics and are failing to address the real economic challenges of our time. Hahn proposes a set of alternative policies that are grounded in the insights of institutional and behavioral economics, including policies to promote greater economic democracy, reduce inequality, and address environmental challenges. Overall, The Economics of Illusion is a provocative and insightful critique of contemporary economic theory and policy. It challenges readers to rethink their assumptions about economics and to consider alternative models that better reflect the complexities of the real world.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.