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The Myth of the Free Market: The Role of the State in a Capitalist Economy
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The Myth of the Free Market: The Role of the State in a Capitalist Economy

3.83 of 5 stars 3.83  ·  rating details  ·  12 ratings  ·  3 reviews
* Explains how the 2008 financial meltdown came about and how to revitalize global and domestic economies* Shows how capitalist economies developed and why the state matters in their functioningFree market purists claim that the state is an inefficient institution that does little for society beyond providing stability and protection. The activities related to distributing ...more
Paperback, 319 pages
Published March 1st 2009 by Kumarian Press
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Good, but not as good as it could/should be.

While the title refers to the role of the state in Capitalism, I found myself reading about the high middle ages up until almost half of the book. And the really juicy part, the twentieth century and even more so, the recent crises, only occupy a small part of the book.

To be sure, history is the Mother of All. And nothing is ever uninteresting. But, come on, if we take things to such extremes we might as well devote 2/3rds of *each* book to historical
Billie Pritchett
Mark Martinez's book traces the historical roots of capitalism to the present day. He argues convincingly that free markets have never existed in either western Europe or North America. Instead, markets as they pertain to capitalist economies have been the result of conscious decision-making on the part of political regimes to facilitate them. The book begins with western Europe's need for money to fund its wars, and so in those days of early capitalism, what were developing into European nation ...more
Maybe I had too high of hopes for this text, spurred on by its strong title. I lost early confidence in the author when he defended Alexander Hamilton as an economic good guy. Though the book contains many helpful moments, it largely exasperates due to its general wandering and erratic time-jumping and general unclarity. It did make me interested in a couple other books it cites, namely Kevin Phillips' Wealth and Democracy and Peter Evans' State vs. Market.
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