Summary:
The book critiques the policy recommendations of economists and international financial institutions, arguing that their advice often leads to economic failure, particularly in developing countries. It examines case studies, such as the Eurozone crisis and Latin American economies, to highlight the consequences of flawed economic policies and the need for alternative approaches to promote growth and reduce poverty.
Key points:
1. Economic Policy Blunders: Weisbrot believes that bad policy choices, like austerity and tight money, caused avoidable economic crises in places like the Eurozone.
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