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Saturday, 25 February 2023

[New post] The Big Myth

Site logo image Organikos posted: "If you are in the mood for some basic questioning of the status quo, this book may be for you, according to Kirkus Review: A thoughtful denunciation of the economic dogma that the market knows best. "How did so many Americans come to have so much fait" Organikos

The Big Myth

Organikos

Feb 25

If you are in the mood for some basic questioning of the status quo, this book may be for you, according to Kirkus Review:

A thoughtful denunciation of the economic dogma that the market knows best.

"How did so many Americans come to have so much faith in markets and so little faith in government?" So ask Oreskes and Conway, continuing the line of research they began in their seminal 2010 book, Merchants of Doubt. Where that book focused on the co-optation of scientists to dispute the realities of climate change and the linkage of tobacco to cancer, this joins that co-optation to carefully planted "free market" fundamentalism that holds that any attempt to regulate business is a form of tyranny. This dogma was fomented by economists such as Friedrich von Hayek and Milton Friedman, who argued that market efficiency was the sine qua non of freedom, as if efficiency were the only dimension of an economy. Oreskes

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at February 25, 2023
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