000			01677nam a22001817a 4500
999			_c4709 _d4709
005			20230202163820.0
008			230202b ||||| |||| 00| 0 eng d
020			_a9781847942746
082			_a330 _bBER
100			_aBergin, Tom _910744
245			_aFree lunch thinking: _bhow economics ruin the economy
260			_bPenguin Books Ltd. _aLondon _c2021
300			_avi, 377 p.
365			_aINR _b799.00
520			_aEconomic theories and models shape our everyday lives. They are relied on by politicians when tax rises or cuts are being considered. They inform debates about everything from bonuses for CEOs to minimum wage rates to the level of job protection enshrined in law. They determine what levels of tobacco or petrol duty are charged, and influence government approaches to issues as diverse as obesity and climate change. The question is: are policy makers right to be so slavishly reliant on them? Tom Bergin is sceptical, and in Free Lunch Thinking he subjects eight of the most prevalent economic mantras to close scrutiny, assessing how they play out in practice. Again and again, he shows how individuals, companies and markets fail to respond to policy changes as theory predicts. He exposes the missed opportunities and wasted resources that result. And by tracing the development of key economic tenets, he demonstrates how their champions' tendency to believe in phenomena for which they have little hard evidence leaves accepted economic wisdom frequently being more about faith than facts. His book both exposes and challenges lazy thinking. It also sets out a path for more considered future.
650			_aEconomics _9722
942			_2ddc _cBK