America's Free Market Myths

Debunking Market Fundamentalism

Business & Finance, Economics, Economic History
Cover of the book America's Free Market Myths by Joseph Shaanan, Springer International Publishing
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Author: Joseph Shaanan ISBN: 9783319506364
Publisher: Springer International Publishing Publication: May 26, 2017
Imprint: Palgrave Macmillan Language: English
Author: Joseph Shaanan
ISBN: 9783319506364
Publisher: Springer International Publishing
Publication: May 26, 2017
Imprint: Palgrave Macmillan
Language: English

This book describes and refutes thirteen ideas involving free market principles and the US economic system, arguing that these (mostly familiar) ideas are myths. The myths are deeply ingrained in the United States' self-image and in political discourse, and are hailed as indisputable, scientifically grounded truths. Unfortunately, an economy dominated by giant corporations bears little resemblance to a free market. So why is so much effort and expense devoted to disseminating these stories? The answer is simple. The different myths generate the recommendation that the system's rewards should flow upward to corporations and a small group of wealthy and politically influential people. The myths help entrench existing economic and political power while distancing America from a more productive and widely beneficial form of capitalism. 

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book describes and refutes thirteen ideas involving free market principles and the US economic system, arguing that these (mostly familiar) ideas are myths. The myths are deeply ingrained in the United States' self-image and in political discourse, and are hailed as indisputable, scientifically grounded truths. Unfortunately, an economy dominated by giant corporations bears little resemblance to a free market. So why is so much effort and expense devoted to disseminating these stories? The answer is simple. The different myths generate the recommendation that the system's rewards should flow upward to corporations and a small group of wealthy and politically influential people. The myths help entrench existing economic and political power while distancing America from a more productive and widely beneficial form of capitalism. 

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