Last night on the 10 o’clock news, the BBC’s respected and influential economics editor, Stephanie Flanders, revealed how little she knows about the true workings of the economy.

As you’re aware, at the Renegade Economist we feel there’s a great deal wrong with both the discipline of economics and the kind of economy we’ve ended up with. Much of this can be attributed to the continuing failures in the academic realm so when a book drops onto the doormat with the straightforward title “What went wrong with Economics” we take a particular interest. And on this occasion, our interest was more than justified.