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Railroading Economics

The Creation of the Free Market Mythology

ISBN-13: 9781583671351
Publisher: NEW YORK UNIVERSITY PRESS
Imprint: MONTHLY REVIEW PRESS
By Michael Perelman
Price: AUD $47.99
Stock: 0 in stock
Availability: This book is temporarily out of stock, order will be despatched as soon as fresh stock is received.
Local release date: 08/10/2006
Format: Paperback (228.00mm X 154.00mm) 238 pages Weight: 336g
Categories: Politics & government [JP]Economics [KC]Economic systems & structures [KCS]

Description
Author Biography
Google Preview: 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.; Michael Perelman is professor of economics at California State University at Chico, and the author of numerous books, including Steal This Idea and Railroading Economics.; Google Preview content