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Railroading Economics; The Creation Of The Free Market Mythology

by Michael Perelman - £17.95  Monthly Review Press (2006)
paperback    ISBN 13: 9781583671351 | ISBN 10: 1583671358

Most economic theory assumes a pure capitalism of perfect competition. Railroading Economics is a penetraiting 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 consevative thought that has been lost in the neoliberal present. This important and original historical reconstruction points the way to a disapline of economics freed from the mythology of the market.

(Price & availability last checked: May 2018)

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In booklists: Economics and Economic Alternatives,
In categories: Changing the World, Anti-Capitalism & Global Inequality,

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