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

• Record Nr.: UNINA9910816265303321
• 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