
Free Market Conservatism (Routledge Revivals)
A Critique of Theory & Practice
Edward Nell(Editor)
Routledge (Publisher)
1st Edition
Published on 29. September 2009
Book
Hardback
276 pages
978-0-415-56715-2 (ISBN)
Description
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 social policy, and the book concludes with an assessment of the political reasons for the continuing appeal of free-market conservatism despite its theoretical incoherence and practical failure.
This is a careful and comprehensive look at this subject which tackles both the theory and the practice head-on. It will make useful and stimulating reading for students of economics and political economy on courses of economic policy and macro-economics and in addition will be of keen interest to all those involved in the debate about one of the major policy issues of our time.
This is a careful and comprehensive look at this subject which tackles both the theory and the practice head-on. It will make useful and stimulating reading for students of economics and political economy on courses of economic policy and macro-economics and in addition will be of keen interest to all those involved in the debate about one of the major policy issues of our time.
Reviews / Votes
'Durkheim's own reputation stands higher now than it ever has before and this latest expository work can only enhance that deserved status' - Times Higher Education Supplement 'Gane's analysis demonstrates clearly how, even in this "post modernist" age, Durkheim's Rules remains a challenging and enriching text' - Sociological ReviewMore details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Product notice
Paper over boards
Dimensions
Height: 216 mm
Width: 138 mm
Weight
670 gr
ISBN-13
978-0-415-56715-2 (9780415567152)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

Book
11/2009
1st Edition
Routledge
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E-Book
10/2009
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Routledge
€110.69
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E-Book
10/2009
1st Edition
Routledge
€64.49
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E-Book
10/2009
Routledge
€64.49
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Person
New School University, USA
Content
1. Introduction - Capitalism as Gestalt: A Contrast of Visions Robert Heilbroner Part 1: Theory 2. Supply-side Economics: Incentives and Disasters Rosemary Rinder 3. Monetarism: Conservative Policy and Monetary Theory Edward Nell and Alex Azarchs I The Conservative Critique of Interventionist Policy II Wealth Effects and the Government Budget Constraint III The Real Balance Effect in Neoclassical Theory: Micro and Macro IV Milton Friedman's Monetary Theory 4. Rational Expectations: Radical Assumptions and Conservative Conclusions I Expectations and Rationality within a Capitalist Framework Jan Kregel II The Micro Foundations of the Short-Run Phillips Curve Bob Cherry, Pat Clawson and James Dean III Rational Expectations and Imperfect Knowledge Jagdish Handa 5. Social Policy: Private Reactions to Public Decisions Edward Nell Part 2: Practice 6. The Politics of Reaganomics Teresa Amott 7. Thatcherism: The Miracle that Never Happened Geoff Hodgson 8. Supply-side Economics in a Small Economy: The Chilean Case Antonio Schneider 9. Conclusions-Cowboy Capitalism: The Last Round-Up Edward Nell