The problem of profit and its distribution lurked behind debates between Hillary Clinton and Donald Trump. McShane’s searing criticism is a blunt attack on the newly elected president of the United States and his perspective on its economy. He identifies a massive needed shift in economic theory and practice. The need for a massive shift is now generally recognized, but very few clues to its precise nature exist in the present culture of politics or economics, financial analyses or public discourse.
The great surprise and benefit of reading this book is that the attentive reader will grasp the key issue missed by Marx, Keynes, and Trump, as well as Trump's advisors. The key issue is also missed by the staid and settled establishment that is the contemporary economic professoriate. This has led to what is a global horror—a settled justification by economic voodoo of unfair distribution of wealth the world over.
"McShane’s title, Profit: The Stupid View of President Donald Trump, is meant to annoy, to annoy Donald Trump, to annoy his advisors, to annoy journalists, and to annoy you enough to discover and implement a sane view of economics. The author stands against “the unimpeded play of the profit motive proclaimed by economic doctrines” blindly embraced by Washington, Wall Street, and Main Street. The invitation of the book is to grasp an intelligent view of profit, a perspective in which profit is a feature in a coherent economics, not the measure of economic success. Don’t expect to find a quick easy commonsense summary of an answer in this book."
"The gross oversight of economic thinkers down the ages is identified by McShane in a remarkably simple way. It should shame the present pundits of economics, be they in university departments or in such institutions as the IMF or the World Bank."
"The fascinating thing about this book is that the author manages to relate economic issues of profit and leisure to the evolution of humanity. One I might claim that the focus is really on the newly-identified Anthropocene Age."
“A timely invitation to pause over just what we mean when we talk about democratic economics. Marx missed it, but he knew the problem; Keynes missed it, but skipped the problem; President Trump, for all his concerns about the U.S. economy, misses it grossly. And how could he not?"