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Alan J. Auerbach

Alan J. Auerbach

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Alan J. Auerbach is Professor of Economics and Law at the University of California, Berkeley, and co-author of Taxing Profit in a Global Economy (Oxford University Press, 2021).

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  5. op_galbraith7_claffraGetty Images_USdollareconomy
    Subscriber Exclusive

    Dismal Economics

    James K. Galbraith

    Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying power should be regarded as a scandal.

     reviews four books that shed light on the unjustifiable hegemony of the neoclassical school.
    3

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