The End of Economics

1st Edition

Michael Perelman

Routledge
Published April 13, 2017
Reference
ISBN 9781138059955 - CAT# Y331587
Series: Routledge Frontiers of Political Economy

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Summary

Most economic theory assumes a pure capitalism of perfect competition. Even when it is recognized that this does not exist, many politicians and captains of industry pay a great deal of lip service to the idea of the market. This book goes beyond the rhetoric to explore how, even in the United States, the most capitalist of all countries, the market has always been subjected to numerous constraints. As well as discussing the opinions of economists, the book looks at the opinions and practices of figures such as Henry Ford, J.P. Morgan, and Herbert Hoover.

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