Book Details
Format
Hardback or Cased Book
ISBN-10
3319506358
ISBN-13
9783319506357
Edition
1st ed. 2017
Publisher
Springer International Publishing AG
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 7th, 2017
Print length
303 Pages
Weight
542 grams
Dimensions
15.70 x 21.80 x 2.40 cms
Product Classification:
EconomicsEconomic theory & philosophyEconomic theory and philosophyPolitical economy
Ksh 19,800.00
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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 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.
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.
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