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.
Or split into 4x interest-free payments of 25% on orders over R50
Learn more
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.
Imprint | Monthly Review Press,U.S. |
Country of origin | United States |
Release date | June 2006 |
Availability | Expected to ship within 10 - 15 working days |
First published | June 2006 |
Authors | Michael Perelman |
Dimensions | 231 x 155 x 23mm (L x W x T) |
Format | Hardcover - Sewn / Cloth over boards |
Pages | 224 |
ISBN-13 | 978-1-58367-136-8 |
Barcode | 9781583671368 |
Categories | |
LSN | 1-58367-136-6 |