The power of market fundamentalism. Karl Polayi’s critique

9780674970885The power of market fundamentalism. Karl Polayi’s critique
Fred Block and Margaret R. Somers
Cambridge (USA), Harvard University Press, 2016
ISBN: 9780674970885
289 páginas
Precio: 24’87 €

Sinopsis: 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.

Recomendados

The Profit Doctrine. Economists of the neoliberal era

The Profit Doctrine. Economists of the neoliberal era Robert Chernomas; Ian Hudson London, Pluto Press, 2017 ISBN: 9780745335858 221 páginas Precio: 25,65 €

Indalecio Prieto, ministro de Hacienda

Indalecio Prieto, ministro de Hacienda Juan Velarde Fuertes Madrid, Ministerio de Economía y Hacienda, 2015 ISBN: 9788447607853 273 páginas Precio: 13’50 euros

A country merchant, 1495-1520. Trading and farming at the end of the middle ages

Christopher Dyer Oxford, Oxford Unversity Press, 2014 Páginas: 225 ISBN: 9780198715986 Precio: 31,29 €

The origins of capitalism in England 1400-1600

The origins of capitalism in England 1400-1600 Spencer Dimmock Chicago, Haymarket Books, 2016 ISBN: 9781608464852 397 páginas Precio: 31,21 €

The Internationalisation of the Spanish Food Industry, 1970-2012

Documento de Trabajo #1505 Título: The Internationalisation of the Spanish Food Industry, 1970-2012: The Home Market Effect and European Market Integration Autor/es: Raúl Serrano, Nieves García-Casarejos, Salvador Gil-Pareja, Rafael Llorca-Vivero

Poder Financiero y Gestión Tributaria en Castilla: Los Agentes Fiscales en Toledo y su Reino (1429-1504)

Poder Financiero y Gestión Tributaria en Castilla: Los Agentes Fiscales en Toledo y su Reino (1429-1504) Pablo Ortego Rico Instituto de Estudios Fiscales, 2015 ISBN: 978-84-8008-383-6 610 páginas Precio: 30€