Myth of the Free Market The Role of the State in a Capitalist Economy

Taal: Engels
Myth of the Free Market
Uitgever: Kumarian Press
  • Engels
  • Paperback
  • 9781565492677
  • Druk: 1
  • april 2009
  • 319 pagina's
Alle productspecificaties

Samenvatting

This book explains how the 2008 financial meltdown came about and how to revitalize global and domestic economies. It shows how capitalist economies developed and why the state matters in their functioning. Free market purists claim that the state is an inefficient institution that does little for society beyond providing stability and protection. The activities related to distributing resources and economic growth, they say, are better left to the 'invisible hand' of the marketplace. These notions now seem tragically misguided in the wake of the 2008 market collapse and bailout. Mark Martinez describes how the flawed myth of the 'invisible hand' distorted our understanding of how modern capitalist markets developed and actually work. Martinez draws from history to illustrate that political processes and the state are not only instrumental in making capitalist markets work but that there would be no capitalist markets or wealth creation without state intervention. He brings his story up to the present day to show how the seeds of an unprecedented government intervention in the financial markets were sown in past actions. The Myth of the Free Market is a fascinating and accessible introduction to comparative economic systems as well as an incisive refutation of the standard mantras of neoclassical free market economic theory.

Recensie(s)

Explains the role of political processes in creating and supporting capitalist markets. -- Publishers Weekly

Productspecificaties

Inhoud

Taal
Engels
Bindwijze
Paperback
Druk
1
Verschijningsdatum
2009-04-15
Afmetingen
22,2 x 14,6 x 1,3 cm
Aantal pagina's
319 pagina's
Illustraties
Nee

Betrokkenen

Auteur
Mark A. Martinez
Uitgever
Kumarian Press

EAN

EAN
9781565492677

Overige kenmerken

Extra groot lettertype
Nee
NUR code
780
Oorspronkelijke releasedatum
2009-04-15
Subtitel
The Role of the State in a Capitalist Economy
Thema Subject Code
KCS

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