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Laissez Faire Economics

How Laissez-Faire Economics Led to Inequality and Recession

Jeff Madrick | Posted 12.14.2014 | World
Jeff Madrick

The reaction of the economic mainstream to the inflationary turmoil of the 1970s was to retreat to an ideological interpretation of their fundamental ideas -- a doctrinaire reinforcement of laissez-faire economics.

Angus Burgin and the Power of Free-Market Persuasion

Robert Teitelman | Posted 01.28.2013 | Books
Robert Teitelman

If neoliberalism is the spirit of the age, then what if we have landed in a new age? Burgin recounts how the reaction from both left and right after the financial crisis predicted an upsurge in Keynesiasm or at least greater state activism.

Laissez-Faire Is Whack

Hugh A. Wilson | Posted 12.02.2012 | Politics
Hugh A. Wilson

Disturbing to many of us in the academic world is that the push for laissez-faire "legitimacy" by its ideological advocates runs counter to more than 230 years of historical evidence.

The Battle for Capitalism and Freedom

Mark J. Perry and Robert Dell | Posted 09.30.2012 | Business
Mark J. Perry and Robert Dell

Bad economic policy is misunderstood by the public as the product of bad actors, but the deeper story is one of normal people performing under bad incentives. That is why "the leavening hand of wise policy" is about as useful a concept as the fairy godmother's magic wand.

Is Progress Possible?

Gary Hart | Posted 08.02.2012 | Politics
Gary Hart

For those who believe in a society, that to some degree we are all in this together, there are three choices: resist change, stagnate or progress. So far, no one has discovered how to progress without the institutions of government.

Why Free-market Economics Is a Fraud

Ian Fletcher | Posted 02.17.2012 | Politics
Ian Fletcher

If there's one thing everyone in America knows, it's that free-markets are best. After all, we're not Communists, are we? Trouble is, things "everyone" knows are often wrong. And this is no exception.

Hoping Crisis Spawns America 2.0

Leonce Gaiter | Posted 05.25.2011 | Home
Leonce Gaiter

Half of America has been clinging to a self-image that is fast receding: Hearty white folks on the plains instead of brown ones in the cities; a venerated middle class instead of one that is crushed and diminishing; governance that is the envy of the world!