From: glevy@PRATT.EDU
Date: Sun Feb 12 2006 - 15:11:17 EST
New from Monthly Review Press. Yet another book from this
prolific author. How many books have you written? (I've lost count)
In solidarity, Jerry
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Railroading Economics by Michael Perelman
January 2006
ISBN:
1-58367-1358
$20.00 paper
224 pp.
Economics
RAILROADING ECONOMICS
The Creation of the Free Market Mythology
by Michael Perelman
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Most economic theory assumes a pure capitalism of perfect
competition. This book is a penetrating 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
conservative thought that has been lost in the neoliberals present.
This important and original historical reconstruction points the way
to a discipline of economics freed from the mythology of the market.
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About the Author
MICHAEL PERELMAN is professor of economics at California State
University at Chico, and the author of fifteen books, including
Steal This Idea: Intellectual Property Rights and the Corporate
Confiscation of Creativity and The Perverse Economy: The Impact of
Markets on People and the Environment.
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