Author : Joseph Shaanan
Publisher : Springer
ISBN 13 : 3319506366
Total Pages : 300 pages
Book Rating : 4.3/5 (195 download)
Book Synopsis America's Free Market Myths by : Joseph Shaanan
Download or read book America's Free Market Myths written by Joseph Shaanan and published by Springer. This book was released on 2017-05-26 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes and refutes thirteen ideas involving free market principles and the US economic system, arguing that these (mostly familiar) ideas are myths. The myths are deeply ingrained in the United States' self-image and in political discourse, and are hailed as indisputable, scientifically grounded truths. Unfortunately, an economy dominated by giant corporations bears little resemblance to a free market. So why is so much effort and expense devoted to disseminating these stories? The answer is simple. The different myths generate the recommendation that the system's rewards should flow upward to corporations and a small group of wealthy and politically influential people. The myths help entrench existing economic and political power while distancing America from a more productive and widely beneficial form of capitalism.