The Great Persuasion

The Great Persuasion

Reinventing Free Markets Since the Depression

Book - 2012
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"Just as todays observers struggle to justify the workings of the free market in the wake of a global economic crisis, an earlier generation of economists revisited their worldviews following the Great Depression. The Great Persuasion is an intellectual history of that project. Angus Burgin traces the evolution of postwar economic thought in order to reconsider many of the most basic assumptions of our market-centered world. Conservatives often point to Friedrich Hayek as the most influential defender of the free market. By examining the work of such organizations as the Mont Pl̈erin Society, an international association founded by Hayek in 1947 and later led by Milton Friedman, Burgin reveals that Hayek and his colleagues were deeply conflicted about many of the enduring problems of capitalism. Far from adopting an uncompromising stance against the interventionist state, they developed a social philosophy that admitted significant constraints on the market. Postwar conservative thought was more dynamic and cosmopolitan than has previously been understood. It was only in the 1960s and 70s that Friedman and his contemporaries developed a more strident defense of the unfettered market. Their arguments provided a rhetorical foundation for the resurgent conservatism of Barry Goldwater and Ronald Reagan and inspired much of the political and economic agenda of the United States in the ensuing decades. Burgins brilliant inquiry uncovers both the origins of the contemporary enthusiasm for the free market and the moral quandaries it has left behind."--From the dust-jacket flaps.
Publisher: Cambridge, Mass. : Harvard University Press, 2012
Description: 303 p. ; 25 cm
ISBN: 9780674058132
0674058135
Branch Call Number: 330.122 Bur

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StarGladiator
Aug 08, 2015

Having read thousands of books and thousands of government studies, et cetera, allow me to state that this scholar fellow's work is based upon pure garbage! The author suggests: // Friedman identified not with conservatives or the investor class but with small business.\\ Which is why Friedman was an advisor to the bloody, bloody, bloody dictator, Augusto Pinochet's administration? History is important, but history based upon offal stinks! [Real synopsis on //free markets \\: The TNEC study undertaken by the Roosevelt Administration within congress yielded the lawsuit, United States v. Morgan et al., which was quashed during Eisenhower's administration [alleging a conspiracy going back to 1914, whereby the vast majority of corporations were owned in a concentrated fashion by 17 Wall Street firms]. Today, the vast majority of major corporations are majority invested by the Big Four: Vanguard Group, BlackRock, State Street and Fidelity. Where's your free market, Burgin?]

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