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portada Railroading Economics: The Creation of the Free Market Mythology (in English)
Type
Physical Book
Publisher
Author
Year
2006
Language
English
Pages
224
Format
Paperback
Weight
0.75
ISBN
1583671358
ISBN13
9781583671351
Categories

Railroading Economics: The Creation of the Free Market Mythology (in English)

Michael Perelman (Author) · Monthly Review Press · Paperback

Railroading Economics: The Creation of the Free Market Mythology (in English) - Michael Perelman

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Synopsis "Railroading Economics: The Creation of the Free Market Mythology (in English)"

Most economic theory assumes a pure capitalism of perfect competition. This book is a penetrating critique of the rhetoric and practice of conventional economic theory. It explores how even in the United States—the most capitalist of countries—the market has always been subject to numerous constraints. Perelman examines the way in which these constraints have been defended by such figures as Henry Ford, J. P. Morgan, and Herbert Hoover, and were indeed essential to the expansion of U.S. capitalism. In the process, he rediscovers the critical element in conservative thought—the “forgotten traditions of railroad economics”—that has been lost in the neoliberal present. This important and original historical reconstruction points the way to a discipline of economics freed from the mythology of the market.

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