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Railroading Economics: The Creation of the Free Market Mythology
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Railroading Economics: The Creation of the Free Market Mythology

3.5  ·  Rating Details ·  22 Ratings  ·  4 Reviews
Most economic theory assumes a pure capitalism of perfect competition. This book is a penetrating critique of the rhetoric and practice of conventional economic theory. It explores how even in the United States the most capitalist of countries the market has always been subject to numerous constraints.

Perelman examines the way in which these constraints have been defended
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Paperback, 238 pages
Published June 1st 2006 by Monthly Review Press
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Mark
Dec 18, 2008 Mark rated it liked it
Shelves: political
This book is like an ancient desert. Sooooo dry, but occasionally you come upon an oasis or a caravan or a pyramid and enjoy the unexpected marvel.

The book is an pretty academic economic text, so the dryness is to be expected. The small fonts, cramped spacing, and lack of diagrams don't help. The main thesis is that leading business (e.g. the railroads) have had a huge distorting effect on both the theory and practice of economics, and that the free market ideology developed under these distorti
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C. Scott
Nov 24, 2014 C. Scott rated it really liked it
Unlike some of the other reviewers I didn't find this book boring at all. It takes some serious stones to open your economics book with a heavy critique of economics' very existence. Nicely played Perelman.

I found the old school skewering of free market theories by 19th century capitalists fascinating. It's refreshing to know that 100 years before the modern love affair with free market economics serious people had already experienced pure capitalism and found it wanting. We need to hear what t
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Geoffrey Kozen
Apr 16, 2014 Geoffrey Kozen rated it liked it
Interesting ideas, but very poor macro- and micro-organization make for a tougher read, and less compelling argument, than I would have liked.
Brian
Jul 25, 2009 Brian rated it it was ok
It's great to say that capitalism has problems -- of course it does and no one seriously thinks otherwise. If you don't come up with something better, though, it's worse than useless.
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