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Free market : the history of an idea  Cover Image Book Book

Free market : the history of an idea / Jacob Soll.

Soll, Jacob, 1968- (author.).

Record details

  • ISBN: 9780465049707
  • ISBN: 0465049702
  • Physical Description: 326 pages ; 25 cm
  • Edition: First edition.
  • Publisher: New York : Basic Books, 2022.

Content descriptions

Bibliography, etc. Note:
Includes bibliographical references and index.
Summary, etc.:
"After two government bailouts of the American economy in less than twenty years, free market thought is due for serious reappraisal. Free Market: The History of an Idea shows how the idea became so powerful, why it succeeded, and why it has failed so spectacularly. In 1990, the G7 Countries enjoyed 70 percent of world GDP. In the face of the collapse of the Soviet Union, it was supposed to be a story of the success of free markets. However, in the past thirty years, that number has dropped by half, and Asia has emerged as a major motor of world economic growth. Today, state-run China is the second biggest economy on earth, and tiny Singapore, with its state-owned companies, has become a new model of wealth creation. In other words, Milton Friedman's free market dogma, that only private companies can create wealth and that states hamper it, has not proved very clearly to be untrue. This book shows how we got to the current crisis of free market thought, and suggests how we can find our way out. Contrary to popular free market narratives, early market theorists believed that states had an important role in building and maintaining free markets. But in the eighteenth century, some free-market thinkers began insisting only pure free markets, without state intervention, could work. A tradition of free-market ideological brittleness emerged, and it has led orthodox free market economics to some spectacular failures. It is a paradox that an economic theory rooted in the idea of competition, adaptation and evolution, has refused to follow its own precepts. This book shows that we need to go back to the origins of free market thought in order to understand its dynamism, as well as its inherent weaknesses, and to develop new economic concepts to face the staggering challenges of the twenty-first century"-- Provided by publisher.
Subject: Free enterprise > History.
Capitalism > History.
Economic history.
Histoire économique.
Genre: History.

Available copies

  • 1 of 1 copy available at Missouri Evergreen. (Show)
  • 1 of 1 copy available at North Kansas City.

Holds

  • 0 current holds with 1 total copy.
Show Only Available Copies
Location Call Number / Copy Notes Barcode Shelving Location Status Due Date
North Kansas City Public Library 306.3 SOLL 2022 (Text) 0001012485507 Nonfiction New Available -


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