The economists' hour : false prophets, free markets, and the fracture of society /
Binyamin Appelbaum.
- First edition.
- 439 pages, 8 unnumbered pages of plates : illustrations (some color) ; 25 cm.
Includes bibliographical references (pages [337]-425) and index.
Markets in everything -- Friedman v. Keynes -- One nation, under employed -- Representation without taxation -- In corporations we trust -- Freedom from regulation -- The value of life -- Money, problems -- Made in Chile -- Paper fish.
Tells the story of the conservative economists espousing free market and deregulatory policies during the four decades between 1969 and 2008. Leading figures such as Milton Friedman, Arthur Laffer, Walter Oi, Alfred Kahn, and Thomas Schelling believed that government should stop trying to manage the economy, and that markets would deliver steady growth and ensure that all Americans shared in the benefits. But, Applelbaum argues, these policies failed to deliver on their promise of broad prosperity, and the singleminded embrace of markets has come at the expense of economic equality, the health of liberal democracy, and future generations.
031651232X 9780316512329
1900-1999
Economic history--20th century. Economics--History.--United States--20th century Economists--United States.