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Illusion of Free Markets

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3.77 of 5 stars 3.77  ·  rating details  ·  39 ratings  ·  6 reviews

It is widely believed today that the free market is the best mechanism ever invented to efficiently allocate resources in society. Just as fundamental as faith in the free market is the belief that government has a legitimate and competent role in policing and the punishment arena. This curious incendiary combination of free market efficiency and the Big Brother state has

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Hardcover, 264 pages
Published December 21st 2010 by Harvard University Press
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Sara
Discipline or sacrifice, and how economics can help

[Through my ratings, reviews and edits I'm providing intellectual property and labor to Amazon.com Inc., listed on Nasdaq, which fully owns Goodreads.com and in 2013 posted revenues for $74 billion and $274 million profits. Intellectual property and labor require compensation. Amazon.com Inc. is also requested to provide assurance that its employees and contractors' work conditions meet the highest health and safety standards at all the compa
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Andrew
I was expecting a rundown of the epistemological errors of “spontaneous order” in capitalist society, and came up somewhat wanting. It's certainly a good analysis of the controls that were inevitable even in the high-liberal era, although when you criticize the quality of the egg, it's not the same as criticizing the quality of the chicken.

Harcourt is much more interesting when he's addressing the contemporary link between free markets and penal society, and the state power at the heart of moder
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Phạm
Much better to read Polanyi's The Great Transformation.
David Kaib
An even better job of busting the myth of free markets than Robert Hale, and also explains the connection market thinking and punitive approaches in non-economic arenas.
Ben Chinn
Some interesting ideas but I couldn't get past the academic jargon and lefty posturing. Gave up after the first couple of chapters.
UChicagoLaw
The Wall Street Journal reviews the book here: http://bit.ly/hSwf4Q
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Bernard Harcourt is the Julius Kreeger Professor of Law & Criminology and Chair and Professor of Political Science at The University of Chicago.

Professor Harcourt's scholarship intersects social and political theory, the sociology of punishment, criminal law and procedure, and criminology. He is the author of Against Prediction: Punishing and Policing in an Actuarial Age (University of Chicago
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More about Bernard E. Harcourt...
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