1.

Record Nr.

UNINA9910816265303321

Titolo

Free market conservatism : a critique of theory and practice / / edited by Edward Nell

Pubbl/distr/stampa

Abingdon, : Routledge, 2010, c1984

ISBN

1-135-16283-2

1-135-16284-0

1-282-44326-7

9786612443268

0-203-85825-5

Edizione

[1st ed.]

Descrizione fisica

1 online resource (230 p.)

Collana

Routledge revivals

Altri autori (Persone)

NellEdward J

Disciplina

330.1

330.12

330.12/2

330.122

Soggetti

Chicago school of economics

Free enterprise

Rational expectations (Economic theory)

Supply-side economics

Chile Economic policy

Great Britain Economic policy 1979-1997

United States Economic policy 1981-1993

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

First published in 1984.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Book Cover; Title01; Copyright01; Title02; Copyright02; Contents; List of Contributors; Acknowledgements; 1 Introduction-Capitalism as Gestalt: A Contrast of Visions; Part I: Theory; 2 Supply-Side Economics: Incentives and Disasters; 3 Monetarism: Conservative Policy and Monetary Theory; 4 Rational Expectations: Radical Assumptions and Conservative Conclusions; 5 Social Policy: Private Reactions to Public Decisions; Part II: Practice; 6 The Politics of Reaganomics; 7 Thatcherism: The Miracle That Never Happened; 8 Supply-Side Economics in a Small Economy: The Chilean Case



9 Conclusions-Cowboy Capitalism: The Last Round-upIndex

Sommario/riassunto

First published in 1984, this book carefully dissects and convincingly demonstrates that conservative economics is incoherent in theory and disastrous in practice. The three main schools of thought supporting ""free-market"" policies - supply side economics, monetarism and rational expectations - are examined in turn and each is found defective. Three case studies of conservative policy in action follow: Reagan's U.S., Thatcher's U.K. and Pinochet's Chile and their courses are charted in depth. In addition, Robert Heilbroner and Edward Nell analyse economic conservatism's ideology and socia