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Author: Joseph Shaanan Publisher: Springer ISBN: 3319506366 Category : Political Science Languages : en Pages : 303
Book Description
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.
Author: Joseph Shaanan Publisher: Springer ISBN: 3319506366 Category : Political Science Languages : en Pages : 303
Book Description
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.
Author: Bernard E. Harcourt Publisher: Harvard University Press ISBN: 0674971329 Category : Business & Economics Languages : en Pages : 337
Book Description
It is widely believed today that the free market is the best mechanism ever invented to efficiently allocate resources in society. Just as fundamental as faith in the free market is the belief that government has a legitimate and competent role in policing and the punishment arena. This curious incendiary combination of free market efficiency and the Big Brother state has become seemingly obvious, but it hinges on the illusion of a supposedly natural order in the economic realm. The Illusion of Free Markets argues that our faith in “free markets” has severely distorted American politics and punishment practices. Bernard Harcourt traces the birth of the idea of natural order to eighteenth-century economic thought and reveals its gradual evolution through the Chicago School of economics and ultimately into today’s myth of the free market. The modern category of “liberty” emerged in reaction to an earlier, integrated vision of punishment and public economy, known in the eighteenth century as “police.” This development shaped the dominant belief today that competitive markets are inherently efficient and should be sharply demarcated from a government-run penal sphere. This modern vision rests on a simple but devastating illusion. Superimposing the political categories of “freedom” or “discipline” on forms of market organization has the unfortunate effect of obscuring rather than enlightening. It obscures by making both the free market and the prison system seem natural and necessary. In the process, it facilitated the birth of the penitentiary system in the nineteenth century and its ultimate culmination into mass incarceration today.
Author: Mark Anthony Martinez Publisher: Kumarian Press ISBN: 1565492676 Category : Business & Economics Languages : en Pages : 338
Book Description
* Explains how the 2008 financial meltdown came about and how to revitalize global and domestic economies * 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.
Author: Thomas Philippon Publisher: Belknap Press ISBN: 0674237544 Category : Business & Economics Languages : en Pages : 361
Book Description
American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient markets, leading to higher prices and lower wages.
Author: Maxine Eichner Publisher: Oxford University Press ISBN: 0190055499 Category : Law Languages : en Pages : 256
Book Description
US families have been pushed to the wall. At the bottom of the economic ladder, poor and working-class adults aren't forming stable relationships and can't give their kids the start they need because of low wages and uncertain job prospects. Toward the top, professional parents' lives have become a grinding slog of long hours of paid work. Meanwhile their kids are overstressed by pressure to succeed and get into good colleges. In this provocative book, Maxine Eichner argues that these very different struggles might seem unconnected, but they share the same root cause: the increasingly large toll that economic inequality and insecurity are taking on families. It's government rather than families that's to blame, Eichner persuasively contends. Since the 1970s, politicians have sold families out to the wrongheaded notion that the free market alone best supports them. In five decades of "free-market family policy," they've scrapped government programs and gutted market regulations that had helped families thrive. The consequence is the steady drumbeat of bad news we hear about our country today: the opioid epidemic, skyrocketing suicide and mental illness rates, "deaths of despair," and mediocre student achievement scores. Meanwhile, politicians just keep telling families to work a little harder. The Free-Market Family documents US families' impossible plight, showing how much worse they fare than families in other countries. It then demonstrates how politicians' free-market illusions steered our nation wildly off course. Finally, it shows how, using commonsense measures, we can restructure the economy to work for families, rather than the reverse. Doing so would invest in our children's futures, increase our wellbeing, reknit our social fabric, and allow our country to reclaim the American Dream.
Author: Ha-Joon Chang Publisher: Bloomsbury Publishing USA ISBN: 1608193586 Category : Business & Economics Languages : en Pages : 305
Book Description
INTERNATIONAL BESTSELLER "For anyone who wants to understand capitalism not as economists or politicians have pictured it but as it actually operates, this book will be invaluable."-Observer (UK) If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan. Chang, the author of the international bestseller Bad Samaritans, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, "How to Rebuild the World," Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market.
Author: Jonathan Tepper Publisher: John Wiley & Sons ISBN: 1394184069 Category : Business & Economics Languages : en Pages : 349
Book Description
The Myth of Capitalism tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their pay check to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. The Myth of Capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.
Author: Kevin Kruse Publisher: ISBN: 9781541604667 Category : History Languages : en Pages : 0
Book Description
In this "incisive" (Vanity Fair) and "authoritative" (New York Times) instant New York Times bestseller, America's top historians set the record straight on the most pernicious myths about our nation's past The United States is in the grip of a crisis of bad history. Distortions of the past promoted in the conservative media have led large numbers of Americans to believe in fictions over facts, making constructive dialogue impossible and imperiling our democracy. In Myth America, Kevin M. Kruse and Julian E. Zelizer have assembled an all-star team of fellow historians to push back against this misinformation. The contributors debunk narratives that portray the New Deal and Great Society as failures, immigrants as hostile invaders, and feminists as anti-family warriors--among numerous other partisan lies. Based on a firm foundation of historical scholarship, their findings revitalize our understanding of American history. Replacing myths with research and reality, Myth America is essential reading amid today's heated debates about our nation's past. With Essays By Akhil Reed Amar - Kathleen Belew - Carol Anderson - Kevin M. Kruse - Erika Lee - Daniel Immerwahr - Elizabeth Hinton - Naomi Oreskes - Erik M. Conway - Ari Kelman - Geraldo Cadava - David A. Bell - Joshua Zeitz - Sarah Churchwell - Michael Kazin - Karen L. Cox - Eric Rauchway - Glenda Gilmore - Natalia Mehlman Petrzela - Lawrence B. Glickman - Julian E. Zelizer
Author: Kenneth L. Fisher Publisher: John Wiley & Sons ISBN: 1118445015 Category : Business & Economics Languages : en Pages : 227
Book Description
Exposes the truth about common investing myths and misconceptions and shows you how the truth shall set you free—to reap greater long-term and short-term gains Everybody knows that a strong dollar equals a strong economy, bonds are safer than stocks, gold is a safe investment and that high PEs signal high risk...right? While such "common-sense" rules of thumb may work for a time as investment strategies, as New York Times and Wall Street Journal bestselling author, Ken Fisher, vividly demonstrates in this wise, informative, wholly entertaining new book, they'll always let you down in the long run. Ken exposes some of the most common—and deadly—myths investors swear by, and he demonstrates why the rules-of-thumb approach to investing may be robbing you of the kinds returns you hope for. Dubbed by Investment Advisor magazine one of the 30 most influential individuals of the last three decades, Fisher is Chairman, and CEO of a global money management firm with over $32 billion under management Fisher's Forbes column, "Portfolio Strategy," has been an extremely popular fixture in Forbes for more than a quarter century thanks to his many high-profile calls Brings together the best "bunks" by Wall Street's Master Debunker in a fun, easy-to-digest, bite-size format More than just a list of myths, Fisher meticulously explains of why each commonly held belief or strategy is dead wrong and how damaging it can be to your financial health Armed with this book, investors can immediately identify major errors they may be committing and adjust their strategies for greater investing success
Author: Robert D. Atkinson Publisher: MIT Press ISBN: 0262345676 Category : Business & Economics Languages : en Pages : 368
Book Description
Why small business is not the basis of American prosperity, not the foundation of American democracy, and not the champion of job creation. In this provocative book, Robert Atkinson and Michael Lind argue that small business is not, as is widely claimed, the basis of American prosperity. Small business is not responsible for most of the country's job creation and innovation. American democracy does not depend on the existence of brave bands of self-employed citizens. Small businesses are not systematically discriminated against by government policy makers. Rather, Atkinson and Lind argue, small businesses are not the font of jobs, because most small businesses fail. The only kind of small firm that contributes to technological innovation is the technological start-up, and its success depends on scaling up. The idea that self-employed citizens are the foundation of democracy is a relic of Jeffersonian dreams of an agrarian society. And governments, motivated by a confused mix of populist and free market ideology, in fact go out of their way to promote small business. Every modern president has sung the praises of small business, and every modern president, according to Atkinson and Lind, has been wrong. Pointing to the advantages of scale for job creation, productivity, innovation, and virtually all other economic benefits, Atkinson and Lind argue for a “size neutral” policy approach both in the United States and around the world that would encourage growth rather than enshrine an anachronism. If we overthrow the “small is beautiful” ideology, we will be able to recognize large firms as the engines of progress and prosperity that they are.
Author: Joseph Shaanan
Author: Joseph Shaanan
Author: Bernard E. Harcourt
Author: Mark Anthony Martinez
Author: Thomas Philippon
Author: Maxine Eichner
Author: Ha-Joon Chang
Author: Jonathan Tepper
Author: Kevin Kruse
Author: Kenneth L. Fisher
Author: Robert D. Atkinson