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About the Book
Economics 101, Economism, and Our New Gilded Age

Economics 101, Economism, and Our New Gilded Age

Income inequality is at levels not seen for a century. Many working families are struggling to get by, only kept afloat by Medicaid and…
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James Kwak

Economism and Economics

One point I try to be clear about in my new book is that economism — the assumption that simple Economics 101 models accurately describe…
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James Kwak

Review Copies of Economism

If you teach introductory economics or introductory micro, at either the high school or university level, and you’re interested in possibly…
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James Kwak
Economism and the Future of the Democratic Party

Economism and the Future of the Democratic Party

I haven’t written much about the election itself (except to point out that the same data can be interpreted in diametrically opposing…
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James Kwak
Further Reading

Further Reading

One of the central themes of Economism is the idea that the competitive market model taught early in Economics 101 (the one that says…
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James Kwak

Reactions

Selected as one of the best books of 2017 by:
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James Kwak
Latest
How the Minimum Wage Reduces Inequality

How the Minimum Wage Reduces Inequality

Companies make profits. The minimum wage changes how those profits are shared between workers and shareholders.
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James Kwak

Economism on Marketplace

David Brancaccio of Marketplace has started a new radio project called Econ Extra Credit: reading a first-year economics textbook, one…
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James Kwak

A New Economic Vision, in 27 Words

A couple of weeks ago I posted a 6,000-word essay laying out a new economic vision for the Democratic Party. It kind of vanished into the…
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James Kwak
The Importance of Fairness

The Importance of Fairness

A New Economic Vision for the Democratic Party
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James Kwak

Economism and Arbitration Clauses

As banking scandals go, Wells Fargo opening millions of new accounts for existing customers so that it could pump up its cross-selling…
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James Kwak
How Markets Work

How Markets Work

The Congressional Budget Office’s assessment of the Republican health care plan, as passed in the House, is out. The bottom line is that…
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James Kwak

Economism and the Law

Economism — the simplistic, unreflecting application of Economics 101 models to complex, real-world issues — is particularly influential in…
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James Kwak

Economism and Health Care

A core feature of competitive markets, according to the basic model, is that they allocate goods to the people or companies that are…
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James Kwak
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