Filthy Lucre: Economics for People who Hate Capitalism, JOSEPH HEATH

  • March 27, 2013 · 6:30 PM
  • Toronto Reference Library

"A dozen times every day, individuals and organizations use economic claims to support social and political points of view. Those on the left tend to distrust economists, seeing them as friends of the right. There is something to this skepticism, since professional economists are almost all keen supporters of the free market. Yet while factions on the right naturally embrace economists, they also tend to overestimate the effect of their support on free-market policies. The result is widespread confusion. In fact, virtually all commonly held beliefs about economics—whether espoused by political activists, politicians, journalists or taxpayers—are just plain wrong.

Joseph Heath, co-author of the international bestseller The Rebel Sell, wants to improve our economic literacy and empower us with new ideas. In Filthy Lucre, he draws on everyday examples to skewer the six favourite economic fallacies of the right, before impaling the six favourite fallacies of the left. Heath leaves no sacred cows untipped as he breaks down complex arguments and shows how the monetary world really works. The popularity of such books as Freakonomics and Predictably Irrational demonstrates that people want a better understanding of the financial forces that affect them. Highly readable, flawlessly argued and certain to raise ire along all points of the socio-political spectrum, Filthy Lucre is a must-read for anyone wanting to engage in clear debate on social and political issues."

The publisher

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  • Jean B.

    I hadn't finished the book, so decided not to attend the meeting. If anyone wants to meet over the next couple of weeks to discuss it (again or for the first time), please let me know.

    March 28, 2013

    • Ashraf

      I am interested, although I have just joined the group, economics and social policy is one of my favourite subject, I will definitely collect this one and let you know when I am finished. Thanks.

      August 1, 2013

  • Alan Y.

    I was looking for an excuse to buy this book....thank you for the excuse.

    March 27, 2013

  • Wayne S.

    Here's an interesting article in Forbes titled: "To Protect The Defenseless, We Must Abolish The Minimum Wage"
    http://www.forbes.com/sites/objectivist/2013/03/27/to-protect-the-defenseless-we-must-abolish-the-minimum-wage/

    2 · March 27, 2013

  • Elizabeth M.

    I couldn't get the book in time (still waiting for it to come in) so I'm going to have to skip it this month. :(

    March 26, 2013

  • Irene H.

    Something else came up sorry!

    March 26, 2013

  • Alan Y.

    I was looking for an excuse to buy this book....thank you for the excuse.

    February 5, 2013

  • Dr. Brian H. G.

    yes finally I can make it-cause its a Wednesday--well here goes---we don't need a better understanding of "financial forces"--well yes but only as they cut across the concerns of poverty and privilege. Economics alone as a discipline is a privileged domain. 80 percent of the world is in poverty. We must act now as a species which means taking world poverty into account and the enormous entitlement of western countries. With entitlement comes the narcissistic delusion that "economics" is more important than the social and face to face public sphere which we live through every day.

    Well--I gave it a try--I'm nothing if not pretentious!

    February 5, 2013

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