The Illusion of Free Markets

Released on by Bernard E. Harcourt
preview-18

  • The Illusion of Free Markets Book Detail

  • Author : Bernard E. Harcourt
  • Release Date : 2011-05-01
  • Publisher : Harvard University Press
  • Genre : Business & Economics
  • Pages : 337
  • ISBN 13 : 0674059360
  • File Size : 64,64 MB
DOWNLOAD BOOK

The Illusion of Free Markets by Bernard E. Harcourt PDF Summary

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.

Disclaimer: www.yourbookbest.com does not own The Illusion of Free Markets books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

The Illusion of Free Markets

The Illusion of Free Markets

File Size : 45,45 MB
Total View : 5121 Views
DOWNLOAD

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

Defending the Free Market

Defending the Free Market

File Size : 14,14 MB
Total View : 5059 Views
DOWNLOAD

Thirty years ago, the economic system of the Soviet empire—socialism—seemed definitively discredited. Today, the most popular figures in the Democratic Part

Free Market Economics, Third Edition

Free Market Economics, Third Edition

File Size : 75,75 MB
Total View : 3215 Views
DOWNLOAD

If you are genuinely interested in what is wrong with modern economics, this is where you can find out. If you would like to understand the flaws in Keynesian m

Toward a Truly Free Market

Toward a Truly Free Market

File Size : 67,67 MB
Total View : 2440 Views
DOWNLOAD

Taking "free markets" from rhetoric to reality For three decades free-market leaders have tried to reverse longstanding Keynesian economic policies, but have on