Railroading Economics : The Creation of the Free Market Mythology.cMichael Perelman
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Author: Michael Perelman
Page Count: 238 pages
Published Date: 01 Jun 2006
Publisher: Monthly Review Press
Publication Country: New York, United States
Language: English
ISBN: 9781583671351
Download Link: Railroading Economics The Creation of the Free Market Mythology
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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."
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