MLA Platinum Award Press Release

The Economists' Hour: Book summary and reviews of The Economists' Hour by Binyamin Appelbaum

The Economists' Hour

False Prophets, Free Markets, and the Fracture of Society

by Binyamin Appelbaum

The Economists' Hour by Binyamin Appelbaum X
The Economists' Hour by Binyamin Appelbaum
Buy This Book

About this book

Book Summary

In this fascinating character-driven history, a New York Times editorial writer and Pulitzer Prize finalist spotlights the American economists who championed the rise of markets and fundamentally reshaped the modern world.

Before the 1960s, American politicians had never paid much attention to economists. But as the post-World War II boom began to sputter, economists gained influence and power -- first in the United States and then around the world as their ideas inspired nations to curb government, unleash corporations, and hasten globalization.

Milton Friedman's libertarian ideals, Arthur Laffer's supply-side economics and Paul Volcker's austere campaign against inflation all left a profound mark on American life. So did lesser-known figures like Walter Oi, a blind economist whose calculations influenced President Nixon's decision to end military conscription; Alfred Kahn, who deregulated air travel; and Thomas Schelling, who put a dollar value on human life.

The economists promised steady growth and broadly-shared prosperity, but they failed to deliver. Instead, the single-minded embrace of markets has come at the expense of soaring economic inequality, the faltering health of liberal democracy, and the prospects of future generations.

Timely, engaging, and expertly researched, The Economists' Hour is a "powerful must-read" (Mohamed A. El-Erian, New York Times bestselling author) about the rise and fall of a revolution-and a compelling call for people to retake control of markets.

Read a Sample

Click to the right or left of the sample to turn the page.
(If no book jacket appears in a few seconds, then we don't have an excerpt of this book or your browser is unable to display it)

Membership Advantages
  • Reviews
  • "Beyond the Book" articles
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $12 for a year or $39 for 3 months
  • More about membership!

Reviews

Media Reviews

"This thoroughly researched, comprehensive, and critical account of the economic philosophies that have reigned for the past half century powerfully indicts them." - Publishers Weekly (starred review)

"Anyone who wonders why government officials still take the Laffer curve seriously need go no further than this lucid book." - Kirkus Reviews

"I very much enjoyed reading The Economists' Hour, an entertaining and well-written look at how market-oriented ideas rose from the academy and transformed nations. I do not agree with each and every perspective, but found this a valuable and highly recommendable book, which I devoured in a single sitting." - Tyler Cowen, author of The Great Stagnation

"Binyamin Appelbaum has written a powerful must-read for all those interested in reinvigorating the credibility of economics, especially in policymaking circles. Through an engaging discussion of how economists' influence grew and spread, he shows how free-market economics evolved into an over-promising 'affirming religion,' only to disappoint too many of its followers and lead others astray." - Mohamed A. El-Erian, author of New York Times bestsellers When Markets Collide and The Only Game in Town

The information about The Economists' Hour shown above was first featured in "The BookBrowse Review" - BookBrowse's online-magazine that keeps our members abreast of notable and high-profile books publishing in the coming weeks. In most cases, the reviews are necessarily limited to those that were available to us ahead of publication. If you are the publisher or author of this book and feel that the reviews shown do not properly reflect the range of media opinion now available, please send us a message with the mainstream media reviews that you would like to see added.

Membership Advantages
  • Reviews
  • "Beyond the Book" articles
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $12 for a year or $39 for 3 months
  • More about membership!

Author Information

Binyamin Appelbaum

Binyamin Appelbaum writes about economics and business for the editorial page of the New York Times. From 2010 to 2019, he was a Washington correspondent for the Times, covering economic policy in the aftermath of the 2008 crisis. He previously worked for The Charlotte Observer, where his reporting on subprime lending won a George Polk Award and was a finalist for the 2008 Pulitzer Prize.

More Author Information

Membership Advantages
  • Reviews
  • "Beyond the Book" articles
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $12 for a year or $39 for 3 months
  • More about membership!

More Recommendations

Readers Also Browsed . . .

more history, science & current affairs...

Membership Advantages
  • Reviews
  • "Beyond the Book" articles
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $12 for a year or $39 for 3 months
  • More about membership!

Support BookBrowse

Become a Member and discover books that entertain, engage & enlighten.

Join Now!

Editor's Choice

  • Book Jacket: The Vanishing Half
    The Vanishing Half
    by Brit Bennett
    Brit Bennett's second novel, The Vanishing Half (after The Mothers, her 2016 bestselling debut), ...
  • Book Jacket
    Tropic of Violence
    by Nathacha Appanah
    Marie is a nurse working in Mayotte, a cluster of French territory islands in the Indian Ocean. When...
  • Book Jacket: Death in Mud Lick
    Death in Mud Lick
    by Eric Eyre
    When Eric Eyre, investigative and statehouse reporter for the Charleston Gazette-Daily, began ...
  • Book Jacket
    Orange World and Other Stories
    by Karen Russell
    Karen Russell has a tremendous gift for crafting uncanny, through-the-looking glass worlds that are ...

Readers Recommend

  • Book Jacket

    The Prisoner's Wife
    by Maggie Brookes

    Inspired by the true story of a courageous young woman who enters a Nazi POW camp to be with the man she loves.
    Reader Reviews

Book Club Discussion
Book Jacket
The Paris Hours
by Alex George

One day in the City of Light. One night in search of lost time.

About the book
Join the discussion!
Win this book!
Win The House on Fripp Island

The House on Fripp Island
by Rebecca Kauffman

A taut, page-turning novel of secrets and strife.

Enter

Wordplay

Solve this clue:

M's T W!

and be entered to win..

Books that     
entertain,
     engage

 & enlighten

Visitors can view some of BookBrowse for free. Full access is for members only.

Join Today!

Your guide toexceptional          books

BookBrowse seeks out and recommends the best in contemporary fiction and nonfiction—books that not only engage and entertain but also deepen our understanding of ourselves and the world around us.