A new issue of the American Journal of Economics and Sociology is now online. Jeffrey M. Lipshaw (Suffolk): Capitalism Didn't Fail, But the Metaphors Got a "C". From National Review, Stephen Spruiell on Paul Krugman: Professor Ahab. John Quiggin on five zombie economic ideas that refuse to die (and the first chapter from Zombie Economics). John Paul Rollert on the problem with capitalism — capitalists. What would the world's economics Nobel Prize laureates make of Barack Obama's response to the financial crisis? Tunku Varadarajan identifies the most important writers on business and economics who are helping us navigate the turbulent times. An excerpt from All the Devils Are Here: The Hidden History of the Financial Crisis by Bethany McLean and Joe Nocera. A review of Why Some Things Should Not Be for Sale: The Moral Limits of Markets by Debra Satz. Reinventing the Bazaar: A Natural History of Markets by John McMillan is a book for you if you really want to know how economists think. Larry Summers and the subversion of economics: A compromised cadre lies at the nexus of academe, banking, and government. A review of Greed, Lust & Gender: A History of Economic Ideas by Nancy Folbre. Shorting economists: Steven Hill asks whether we should still be listening to the “experts” who keep getting it wrong. The Invisible Man and the Invisible Hand: Paul A. Cantor on H.G. Wells's critique of capitalism. Same output + fewer hours = economic crisis: Today’s economic crisis is less about the quantity of output than the distribution of income and leisure. A review of Tweetonomics: Everything You Need to Know About Economics in 140 Characters or Less by Nic Compton, Adam Fishwick, and Katie Huston. As the world faces recession, climate change, inequity and more, Tim Jackson delivers a piercing challenge to established economic principles. Virginia Postrel writes in praise of irrational exuberance: Does a flourishing economy depend on delusion? Of Guffaws and GDPs: An interview with Yoram Bauman, standup economist.
