Illusion of Free Markets
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...more
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The argument presented in the book is clear: the natural order is highly regulated; and "the naturalness of the market depoliticizes the distributional outcomes" (p.32). And Harcourt delivers on the supporting evidence.
What came to mind as I read Illusion of Free Markets was how we use an illusory ' ...more
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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 ...more
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 ...more