Book cover of Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World

Book description

A bold indictment of some of our most accepted mainstream economic theories—why they’re wrong, and how they’ve been harming America and the world.

Budget deficits are bad. A strong dollar is good. Controlling inflation is paramount. Pay reflects greater worker skills. A deregulated free market is fair and effective. Theories…

When you buy books, we may earn a commission that helps keep our lights on (or join the rebellion as a member).

Why read it?

1 author picked Seven Bad Ideas as one of their favorite books. Why do they recommend it?

In an accessible language and with multiple real-life examples, Madrick systematically critically engages every humdrum idea of principle attributed to the presumed success of capitalism. Following to a great extent Karl Marx’s lead on the self-destruction of the economic system we call capitalism, Madrick updates the critique to the 21st century and shows, time and again, why capitalism is not only prone to recessions and depressions but will bring about its own demise.

From Raphael's list on moving beyond capitalism.

If you love Seven Bad Ideas...

Book cover of These Blue Mountains

These Blue Mountains by Sarah Loudin Thomas,

A moving story of love, betrayal, and the enduring power of hope in the face of darkness.

German pianist Hedda Schlagel's world collapsed when her fiancé, Fritz, vanished after being sent to an enemy alien camp in the United States during the Great War. Fifteen years later, in 1932, Hedda…

Want books like Seven Bad Ideas?

Our community of 12,000+ authors has personally recommended 100 books like Seven Bad Ideas.

Browse books like Seven Bad Ideas

Book cover of The Great Transformation: The Political and Economic Origins of Our Time
Book cover of The Entrepreneurial State: Debunking Public vs. Private Sector Myths
Book cover of Remix: Making Art and Commerce Thrive in the Hybrid Economy

Share your top 3 reads of 2025!

And get a beautiful page showing off your 3 favorite reads.

1,340

readers submitted
so far, will you?

📚 If you like Seven Bad Ideas, you might also like...

Book cover of Foxfire in the Snow

Foxfire in the Snow by J.S. Fields,

It's a time of change, between magic and alchemy.

Born the heir of a master woodcutter in a queendom defined by guilds and matrilineal inheritance, nonbinary Sorin can’t quite seem to find their place. At seventeen, an opportunity to attend an alchemical guild fair and secure an apprenticeship with the…

Book cover of The Main Gate

The Main Gate by Yvonne Kjorlien,

Dr. Elise Marquette has spent years burying the past—until the past refuses to stay buried.

Hired to join Earth’s first interstellar contact team, she hopes the vastness of space will finally offer distance from the ghosts of war and the wounds left by a mother who never let her be…

5 book lists we think you will like!