Free Markets under Siege

Cartels, Politics, and Social Welfare

Nonfiction, Social & Cultural Studies, Political Science
Cover of the book Free Markets under Siege by Richard A. Epstein, Hoover Institution Press
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Author: Richard A. Epstein ISBN: 9780817946135
Publisher: Hoover Institution Press Publication: September 1, 2013
Imprint: Hoover Press Language: English
Author: Richard A. Epstein
ISBN: 9780817946135
Publisher: Hoover Institution Press
Publication: September 1, 2013
Imprint: Hoover Press
Language: English

Drawing on his extensive knowledge of history, law, and economics, Richard Epstein examines how best to regulate the interface between market choice and government intervention—and find a middle way between socialism and libertarianism. He argues the merits of competition over protectionism and reveals the negative results that ensue when political forces displace economic competition with subsidies and barriers to entry. In the process, he provides an illuminating analysis of some of the ways that special interest groups, with the help of sympathetic politicians, have been able to manipulate free markets in their favor.

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Drawing on his extensive knowledge of history, law, and economics, Richard Epstein examines how best to regulate the interface between market choice and government intervention—and find a middle way between socialism and libertarianism. He argues the merits of competition over protectionism and reveals the negative results that ensue when political forces displace economic competition with subsidies and barriers to entry. In the process, he provides an illuminating analysis of some of the ways that special interest groups, with the help of sympathetic politicians, have been able to manipulate free markets in their favor.

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