Realonomics

As the cost of living rises and wages stagnates, it seems like bleak times are upon is. We are being bombarded by messaged from politicians and business leaders that the boom years are over and a recession stalks the economy. We are resigning ourselves to financial hardship, while social media continues to peddle rampant consumerism and contributes to social unrest by 'othering' people, causing us to fight amongst ourselves over who deserves to dip into a dwindling public purse the most. But while it may feel like book-and-bust economic cycles are inevitable, it does not have to be this way. In his debut book, author Karim El-Ayoubi explains how we have been sold a lie. Universities teaching Neoclassical economics peddle the myth that money and banking are unimportant to the economy, leading the economists they produce to construct economic policies that make no sense in the real world. Economists who have no idea how recessions happen or how to fix them. The result is a banking system that exploits the economy rather than supports it, an endless boom-and-bust cycle, unemployment, instability, and levels of inequality approaching those of feudal times. In this groundbreaking new book, El-Ayoubi proves what most people have suspected for quite some time - our economy is failing us. There is nothing stopping us from simply throwing out Neoclassical economics, learning from the economic policies that created the Asian Tiger economies and applying them to ourselves. A differe
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