How much do economists really know? In most cases, they claim to have profound knowledge but in fact understand little and obscure almost everything. This book exposes the myths of mainstream economics and explains why current policies fail to serve the interests of the vast majority of people in the United States, Europe and elsewhere. Instead, they serve the few, increasing inequality and poverty.

Preface: Doctor Bob's Third Law; Introduction: Economic Ignorance; Chapter 1: Fakeconomics and Economics; Chapter 2: Market Worship; Chapter 3: Finance and Criminality; Chapter 4: Selling Market Myths; Chapter 5: Riches, "Sovereignty" and "Free Trade"; Chapter 6: Lies about Government; Chapter 7: Deficit Disorders and Debt Delirium; Chapter 8: Governments Cause Inflation?; Chapter 9: Institutionalized Misery: Austerity in Practice; Chapter 10: Economics of the 99%

John F. Weeks is professor emeritus of economics at SOAS, University of London, and has advised numerous governments and international organizations over the past forty years.