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The economics profession has a lot to answer for. After the late 1970s, the ideas of influential economists have justified policies that have made the world more prone to economic crisis, remarkably less equal, more polluted and less secure than it might be. How could ideas and policies that proved to be such an abject failure come to dominate the economic landscape?*BR* *BR*By critically examining the work of the most famous economists of the neoliberal period including Alan Greenspan, Milton Friedman, and Robert Lucas, the authors Robert Chernomas and Ian Hudson demonstrate that many of those who rose to prominence did so primarily because of their defence of, and contribution to, rising corporate profits and not their ability to predict or explain economic events.*BR**BR*An important and controversial book, The Profit Doctrine exposes the uses and abuses of mainstream economic canons, identify those responsible and reaffirm the primacy of political economy.
Reviled as one of the worst healthcare providers in the world, the United States has among the worst indicators of health in the industrialised world, whilst paradoxically spending significantly more on its health care system than any other industrial nation. *BR**BR*Economists Robert Chernomas and Ian Hudson explain this contradictory phenomenon as the product of the unique brand of capitalism that has developed in the US. It is this particular form of capitalism that analogously created social and economic conditions that influence health, such as, highly industrialised labour that produced chronic disease amongst the labouring classes, alongside an inefficient, unpopular and inaccessible health care system that is incapable of dealing with those same patients. In order to improve health in America, the authors argue that a change is required in the conditions in the capitalist system in which people live and work, as well as a restructured health care system.
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