Book discussion: The Econocracy
One hundred years ago the idea of ‘the economy’ didn’t exist. Now, improving the economy has come to be seen as perhaps the most important task facing modern societies. Politics and policymaking are conducted in the language of economics and economic logic shapes how political issues are thought about and addressed. The result is that the majority of citizens, who cannot speak this language, are locked out of politics while political decisions are increasingly devolved to experts.
In their book, ‘The Econocracy’, Joe Earle and Cahal Moran of Post-Crash Economics Society Manchester explain how economics came to be seen this way – and the damaging consequences. They open up the discipline and demonstrates its inner workings to the wider public so that the task of reclaiming democracy can begin.