The illusion of free markets: punishment and the myth of natural order Harcourt, Bernard E.

By:

Harcourt, Bernard E

Publication details: 2011 Harvard University Press Cambridge, MassachusettsDescription: 328 pISBN:

9780674057265

Subject(s):

DDC classification:

330.1553 H2I5

Summary: It is widely believed today that the free market is the best mechanism ever invented to efficiently allocate resources in society. Just as fundamental as faith in the free market is the belief that government has a legitimate and competent role in policing and the punishment arena. This curious incendiary combination of free market efficiency and the Big Brother state has become seemingly obvious, but it hinges on the illusion of a supposedly natural order in the economic realm. The Illusion of Free Markets argues that our faith in “free markets” has severely distorted American politics and punishment practices.

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Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
Book	Ahmedabad	Non-fiction	330.1553 H2I5 (Browse shelf(Opens below))	Available		178409

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Previous	330.1552 D8I6 Institutions and the economy	330.1552 S6 Social costs today: institutional analyses of the present crises	330.1553 E2C4 Chicagonomics: the evolution of Chicago free market economics	330.1553 H2I5 The illusion of free markets: punishment and the myth of natural order

Includes bibliographical references and index.

It is widely believed today that the free market is the best mechanism ever invented to efficiently allocate resources in society. Just as fundamental as faith in the free market is the belief that government has a legitimate and competent role in policing and the punishment arena. This curious incendiary combination of free market efficiency and the Big Brother state has become seemingly obvious, but it hinges on the illusion of a supposedly natural order in the economic realm. The Illusion of Free Markets argues that our faith in “free markets” has severely distorted American politics and punishment practices.

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