Econospinning
how to read between the lines when the media manipulate the numbers
- ISBN: 9780471735137
- Editorial: John Wiley & Sons Limited
- Fecha de la edición: 2006
- Lugar de la edición: New Jersey. Estados Unidos de Norteamérica
- Encuadernación: Cartoné
- Medidas: 23 cm
- Nº Pág.: 246
- Idiomas: Inglés
Gene Epstein knows a thing or two about economic data. Before becoming the Economics Editor for Barron's in 1993, he was a senior economist at the New York Stock Exchange. Now, in "Econospinning", Epstein supplies readers with a book that attempts to cut through the veil of economic misinformation commonly reported in today's media. Assuming no prior knowledge on the readers part, each chapter of "Econospinning" is structured around fairly simple propositions about the economy or about specific economic data from tracking employment numbers to measuring corporate profitability that are then contrasted with the distortions of today's media coverage. Along the way, Epstein exposes bad reporting by the elite media, including "The Wall Street Journal", "The Financial Times", "The New York Review of Books", "The New Yorker", "The Economist" and especially by "The New York Times" and its economics columnist Paul Krugman, Epstein also deconstructs CNN newscaster Lou Dobbs' coverage of outsourcing and globalization; the illusory connection between abortion and lower crime rates, and bad theories about the role of real estate brokers, featured in the bestseller "Freakonomics"; the treatment of the working class portrayed in Barbara Ehrenreich's "Nickel and Dimed"; and the sensationalized coverage of the employment report by CNBC's "Squawk Box." From the disputes over Social Security to misinterpretations of the unemployment rate, "Econospinning" points out the unfortunate lack of integrity that pervades mainstream economic reporting.