The economists' hour false prophets, free markets, and the fracture of society

Tells the story of the conservative economists espousing free market and deregulatory policies during the four decades between 1969 and 2008. Leading figures such as Milton Friedman, Arthur Laffer, Walter Oi, Alfred Kahn, and Thomas Schelling believed that government should stop trying to manage the...

Full description

Main Author: Appelbaum, Binyamin (Author)
Format: Books Print Book
Language: English
Published: New York : Little, Brown and Company, 2019.
Edition: First edition.
Subjects:
Summary: Tells the story of the conservative economists espousing free market and deregulatory policies during the four decades between 1969 and 2008. Leading figures such as Milton Friedman, Arthur Laffer, Walter Oi, Alfred Kahn, and Thomas Schelling believed that government should stop trying to manage the economy, and that markets would deliver steady growth and ensure that all Americans shared in the benefits. But, Applelbaum argues, these policies failed to deliver on their promise of broad prosperity, and the singleminded embrace of markets has come at the expense of economic equality, the health of liberal democracy, and future generations.
Physical Description: 439 pages, 8 unnumbered pages of plates : illustrations (some color) ; 25 cm
Bibliography: Includes bibliographical references (pages [337]-425) and index.
ISBN: 9780316512329
031651232X
Author Notes: Binyamin Appelbaum writes about economics and business for the editorial page of The New York Times . From 2010 to 2019, he was a Washington correspondent for the Times , covering economic policy in the aftermath of the 2008 crisis. He previously worked for The Charlotte Observer , where his reporting on subprime lending won a George Polk Award and was a finalist for the 2008 Pulitzer Prize.