The Power of Market Fundamentalism: Karl Polanyi's Critique

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9780674050716: The Power of Market Fundamentalism: Karl Polanyi's Critique

What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred Block and Margaret Somers extend the work of the great political economist Karl Polanyi to explain why these ideas have revived from disrepute in the wake of the Great Depression and World War II, to become the dominant economic ideology of our time.

Polanyi contends that the free market championed by market liberals never actually existed. While markets are essential to enable individual choice, they cannot be self-regulating because they require ongoing state action. Furthermore, they cannot by themselves provide such necessities of social existence as education, health care, social and personal security, and the right to earn a livelihood. When these public goods are subjected to market principles, social life is threatened and major crises ensue.

Despite these theoretical flaws, market principles are powerfully seductive because they promise to diminish the role of politics in civic and social life. Because politics entails coercion and unsatisfying compromises among groups with deep conflicts, the wish to narrow its scope is understandable. But like Marx's theory that communism will lead to a "withering away of the State," the ideology that free markets can replace government is just as utopian and dangerous.

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Fred Block; Margaret R. Somers
ISBN 10: 0674050711 ISBN 13: 9780674050716
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Fred L. Block
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Descrizione libro HARVARD UNIVERSITY PRESS, United States, 2014. Hardback. Condizione libro: New. 239 x 157 mm. Language: English . Brand New Book. What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred Block and Margaret Somers extend the work of the great political economist Karl Polanyi to explain why these ideas have revived from disrepute in the wake of the Great Depression and World War II, to become the dominant economic ideology of our time. Polanyi contends that the free market championed by market liberals never actually existed. While markets are essential to enable individual choice, they cannot be self-regulating because they require ongoing state action. Furthermore, they cannot by themselves provide such necessities of social existence as education, health care, social and personal security, and the right to earn a livelihood. When these public goods are subjected to market principles, social life is threatened and major crises ensue. Despite these theoretical flaws, market principles are powerfully seductive because they promise to diminish the role of politics in civic and social life. Because politics entails coercion and unsatisfying compromises among groups with deep conflicts, the wish to narrow its scope is understandable. But like Marx s theory that communism will lead to a withering away of the State, the ideology that free markets can replace government is just as utopian and dangerous. Codice libro della libreria AAU9780674050716

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Fred L. Block
Editore: HARVARD UNIVERSITY PRESS, United States (2014)
ISBN 10: 0674050711 ISBN 13: 9780674050716
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Descrizione libro HARVARD UNIVERSITY PRESS, United States, 2014. Hardback. Condizione libro: New. 239 x 157 mm. Language: English . Brand New Book. What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred Block and Margaret Somers extend the work of the great political economist Karl Polanyi to explain why these ideas have revived from disrepute in the wake of the Great Depression and World War II, to become the dominant economic ideology of our time. Polanyi contends that the free market championed by market liberals never actually existed. While markets are essential to enable individual choice, they cannot be self-regulating because they require ongoing state action. Furthermore, they cannot by themselves provide such necessities of social existence as education, health care, social and personal security, and the right to earn a livelihood. When these public goods are subjected to market principles, social life is threatened and major crises ensue. Despite these theoretical flaws, market principles are powerfully seductive because they promise to diminish the role of politics in civic and social life. Because politics entails coercion and unsatisfying compromises among groups with deep conflicts, the wish to narrow its scope is understandable. But like Marx s theory that communism will lead to a withering away of the State, the ideology that free markets can replace government is just as utopian and dangerous. Codice libro della libreria AAU9780674050716

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Fred L. Block
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ISBN 10: 0674050711 ISBN 13: 9780674050716
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Descrizione libro Harvard University Press. Hardback. Condizione libro: new. BRAND NEW, The Power of Market Fundamentalism: Karl Polanyi's Critique, Fred L. Block, What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred Block and Margaret Somers extend the work of the great political economist Karl Polanyi to explain why these ideas have revived from disrepute in the wake of the Great Depression and World War II, to become the dominant economic ideology of our time. Polanyi contends that the free market championed by market liberals never actually existed. While markets are essential to enable individual choice, they cannot be self-regulating because they require ongoing state action. Furthermore, they cannot by themselves provide such necessities of social existence as education, health care, social and personal security, and the right to earn a livelihood. When these public goods are subjected to market principles, social life is threatened and major crises ensue. Despite these theoretical flaws, market principles are powerfully seductive because they promise to diminish the role of politics in civic and social life. Because politics entails coercion and unsatisfying compromises among groups with deep conflicts, the wish to narrow its scope is understandable. But like Marx's theory that communism will lead to a "withering away of the State," the ideology that free markets can replace government is just as utopian and dangerous. Codice libro della libreria B9780674050716

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Block, Fred, Somers, Margaret R.
Editore: Harvard University Press (2014)
ISBN 10: 0674050711 ISBN 13: 9780674050716
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Descrizione libro Harvard University Press, 2014. Condizione libro: New. What is it about free-market ideas that gives them staying power in the face of such failures as persistent unemployment, widening inequality, and financial crises? The Power of Market Fundamentalism extends economist Karl Polanyi's work to explain why these dangerous utopian ideas have become the dominant economic ideology of our time. Num Pages: 280 pages, illustrations. BIC Classification: 1KBB; JPA; KCA; KCP; KCS. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 243 x 159 x 26. Weight in Grams: 610. . 2014. Hardcover. . . . . . Codice libro della libreria V9780674050716

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Fred L. Block
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ISBN 10: 0674050711 ISBN 13: 9780674050716
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Descrizione libro Harvard University Press 2014-04-01, Cambridge, Mass, 2014. hardback. Condizione libro: New. Codice libro della libreria 9780674050716

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Block, Fred, Somers, Margaret R.
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Descrizione libro Harvard University Press. Condizione libro: New. What is it about free-market ideas that gives them staying power in the face of such failures as persistent unemployment, widening inequality, and financial crises? The Power of Market Fundamentalism extends economist Karl Polanyi's work to explain why these dangerous utopian ideas have become the dominant economic ideology of our time. Num Pages: 280 pages, illustrations. BIC Classification: 1KBB; JPA; KCA; KCP; KCS. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 243 x 159 x 26. Weight in Grams: 610. . 2014. Hardcover. . . . . Books ship from the US and Ireland. Codice libro della libreria V9780674050716

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Descrizione libro Harvard University Press, 2014. HRD. Condizione libro: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Codice libro della libreria GB-9780674050716

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Descrizione libro 2014. Hardcover. Condizione libro: New. 162mm x 26mm x 245mm. Hardcover. What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial cr.Shipping may be from multiple locations in the US or from the UK, depending on stock availability. 312 pages. 0.608. Codice libro della libreria 9780674050716

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Descrizione libro Condizione libro: New. Bookseller Inventory # ST0674050711. Codice libro della libreria ST0674050711

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