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Railroading Economics: The Creation of the Free Market Mythology


Manufacturer: Monthly Review Press

Product Information

From the back cover:

"Most economic theory assumes a pure capitalism of perfect competition. Railroading Economics 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 that has been lost in the neoliberal present. This important and orginal historical reconstruction points the way to a discipline of economics freed from the mythology of the market."

Published by Monthly Review Press, authored by Michael Perelman, 2006.

Product Code: 9781583671351

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