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38 books match the query 'Free Enterprise & Capitalism'

cover of Alt-Finance: How the City of London Bought Democracy

Alt-Finance

How the City of London Bought Democracy

Marlène Benquet

Pluto Press, 2022

Powerful financial forces have supported the neoliberal project since the 1980s to advance their interests, but there are now signs that these forces have a new face and a new strategy.

The majority of the British finance sector threw its support behind Britain leaving the European Union, a flagship institution of neoliberalism. Beyond this counterintuitive move, what was really happening and why? Alt-Finance examines a new authoritarian turn in financialised democracies, focusing on the City of London, revealing a dangerous alternative political project in the making.

In a clash with traditional finance, the new behemoths of financial capital - hedge funds, private equity firms, and real estate funds - have started to cohere around a set of political beliefs, promoting libertarian, authoritarian, climate-denying, and Eurosceptic views. Protecting investments, suppressing social dissent, and reducing state interference is at the core of their mission for a new world order.

By following the money, the authors provide indisputable evidence of these worrying developments. Through a clear analysis of the international dealings of this new authoritarian-libertarian regime, not just in Britain but in the US and Brazil, we can understand how our world is being shaped against our will by struggles between dominant groups.

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cover of At the Altar of the Bottom Line: The Degradation of Work in the 21st Century

At the Altar of the Bottom Line

The Degradation of Work in the 21st Century

Thomas Juravich

University of Massachusetts Press, 2009

Tom Juravich combines oral history with social and economic analysis to provide a vivid account of the multiple challenges presented in today's workplaces. 

Based on extensive interviews with workers in four different industries, this book takes us behind the statistics of the economic collapse and into the lives of Americans who are struggling to make ends meet and support their families.

At a Verizon call center in Andover, Massachusetts, customer service reps find themselves overwhelmed by the pace of work and the constant monitoring. They describe a daily routine marked by regimentation, intense pressure to sell, and unrelenting stress. In New Bedford, undocumented Guatemalans in the fish-processing industry are fired if they don't work fast enough, cheated out of wages, and mistreated by supervisors. Juravich describes a brutal immigration raid by U.S. Immigration and Customs Enforcement that divided families and forced workers further underground. 

Juravich then takes us inside the operating rooms at the Boston Medical Center, where hospital consolidation has brought a new “bottom line” philosophy that has fundamentally altered the way patient care is delivered. Surgery takes place almost non-stop, driving some nurses from their chosen profession and leaving those who remain exhausted. 

The final case study looks at the shuttering of the Jones Beloit plant, an internationally known manufacturer of machinery for the paper industry. Despite the best efforts of highly skilled and productive workers to save their plant, it was abruptly closed and they were abandoned after their CEO recklessly became involved in a shaky foreign investment. 

Juravich argues that workers face a series of paradoxes in the contemporary American workplace. They can no longer assume that large established firms create good jobs. The new working conditions often resemble what was traditionally associated with marginal and low-wage employers. He concludes that we must bring a discussion about the quality of jobs back into the public discourse and that a “good jobs” strategy is a fundamental building block to economic recovery. 

Workers' voices are front and center in this highly readable book. It includes striking photographs by Paul Shoul and a CD that presents a series of audio documentaries with excerpts from the interviews, as well as four original songs written and performed by Juravich.

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cover of Capitalism and Freedom

Capitalism and Freedom

Milton Friedman

University of Chicago Press, 1963

In the classic bestseller, Capitalism and Freedom, Milton Friedman presents his view of the proper role of competitive capitalism—the organization of economic activity through private enterprise operating in a free market—as both a device for achieving economic freedom and a necessary condition for political freedom. Beginning with a discussion of principles of a liberal society, Friedman applies them to such constantly pressing problems as monetary policy, discrimination, education, income distribution, welfare, and poverty.

"Milton Friedman is one of the nation's outstanding economists, distinguished for remarkable analytical powers and technical virtuosity. He is unfailingly enlightening, independent, courageous, penetrating, and above all, stimulating."-Henry Hazlitt, Newsweek

"It is a rare professor who greatly alters the thinking of his professional colleagues. It's an even rarer one who helps transform the world. Friedman has done both."-Stephen Chapman, Chicago Tribune
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cover of Capitalism and Freedom: Fortieth Anniversary Edition

Capitalism and Freedom

Fortieth Anniversary Edition

Milton Friedman

University of Chicago Press, 2002

Selected by the Times Literary Supplement as one of the "hundred most influential books since the war"

How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of becoming more and more influential as time goes on.
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cover of Capitalism in Context: Essays on Economic Development and Cultural Change in Honor of R.M. Hartwell

Capitalism in Context

Essays on Economic Development and Cultural Change in Honor of R.M. Hartwell

Edited by John A. James and Mark Thomas

University of Chicago Press, 1994

Following the approach of R. M. Hartwell, the influential historian of the British Industrial Revolution, these essays explore the cultural contexts and institutional constraints that have shaped growth and development over the past two centuries. Capitalism in Context offers new perspectives on why economic development took place where and when it did.

Thirteen chapters cover: social progress during economic development; the influence of cultural values on social and economic change; economic foundations of development—labor, capital, and technology; and organizational arrangements—property rights, government, and markets. These studies will appeal to economists, historians, and social scientists alike for their wide-ranging treatments of economic development and cultural change.

The contributors are N. F. R. Crafts, Lance E. Davis, Stanley L. Engerman, David W. Galenson, Robert E. Gallman, Stephen Innes, John A. James, Eric L. Jones, Thomas W. Laqueur, Gary D. Libecap, Joel Mokyr, Douglass C. North, Mark Thomas, John J. Wallis, Jeffrey G. Williamson.
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cover of Capitalism’s Tomorrows: Imagining the Future of Business

Capitalism’s Tomorrows

Imagining the Future of Business

Gavin Benke

University of Chicago Press, 0

The institutional evolution of “corporate futurism” and its influence on our view of the role of private enterprise in society. 

While the bright capitalist future that the power elite of postwar America dreamed of hasn’t come to pass, its influence and repercussions continue to resonate. Gavin Benke shows that the cultural, intellectual, and political rise of neoliberalism was not inevitable. Instead, beginning in the early 1960s,  a group that he dubs “corporate futurists” imagined a differently shaped and community-minded version of capitalism. Most interestingly, Benke goes beyond the once-big names in the field (such as Alvin Toffler and Daniel Bell) to show how deep-seated and granular the engagement with futurism was. 

Using an incredible array of futurists’ reports, conference proceedings, and internal deliberations at places like the infamous RAND Corporation, Capitalism’s Tomorrows uncovers a moment of genuine introspection about capitalism’s development and shows how it is subject to our imaginative capacity and ability to shape how these systems work.

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cover of Economic and Financial Crises in Emerging Market Economies

Economic and Financial Crises in Emerging Market Economies

Edited by Martin Feldstein

University of Chicago Press, 2003

In the late 1990s, economic and financial crises raged through East Asia, devastating economies that had previously been considered among the strongest in the developing world. The crises eventually spread to Russia, Turkey, and Latin America, and impacted the economies of many industrialized nations as well. In today's increasingly interdependent world, finding ways to reduce the risk of future crises—and to improve the management of crises when they occur—has become an international policy challenge of paramount importance.

This book rises to that challenge, presenting accessible papers and commentaries on the topic not only from leading academic economists, but also from high-ranking government officials (in both industrial and developing nations), senior policymakers at international institutions, and major financial investors. Six non-technical papers, each written by a specialist in the topic, provide essential economic background, introducing sections on exchange rate regimes, financial policies, industrial country policies, IMF stabilization policies, IMF structural programs, and creditor relations. Next, personal statements from the major players give firsthand accounts of what really went on behind the scenes during the crises, giving us a rare glimpse into how international economic policy decisions are actually made. Finally, wide-ranging discussions and debates sparked by these papers and statements are summarized at the end of each section.

The result is an indispensable overview of the key issues at work in these crises, written by the people who move markets and reshape economies, and accessible to not just economists and policymakers, but also to educated general readers.

Contributors:
Montek S. Ahluwalia, Domingo F. Cavallo, William R. Cline, Andrew Crockett, Michael P. Dooley, Sebastian Edwards, Stanley Fischer, Arminio Fraga, Jeffrey Frankel, Jacob Frenkel, Timothy F. Geithner, Morris Goldstein, Paul Keating, Mervyn King, Anne O. Krueger, Roberto Mendoza, Frederic S. Mishkin, Guillermo Ortiz, Yung Chul Park, Nouriel Roubini, Robert Rubin, Jeffrey Sachs, Ammar Siamwalla, George Soros
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cover of Everything for Sale: The Virtues and Limits of Markets

Everything for Sale

The Virtues and Limits of Markets

Robert Kuttner

University of Chicago Press, 1999

In this highly acclaimed, provocative book, Robert Kuttner disputes the laissez-faire direction of both economic theory and practice that has been gaining in prominence since the mid-1970s. Dissenting voices, Kuttner argues, have been drowned out by a stream of circular arguments and complex mathematical models that ignore real-world conditions and disregard values that can't easily be turned into commodities. With its brilliant explanation of how some sectors of the economy require a blend of market, regulation, and social outlay, and a new preface addressing the current global economic crisis, Kuttner's study will play an important role in policy-making for the twenty-first century.

"The best survey of the limits of free markets that we have. . . . A much needed plea for pragmatism: Take from free markets what is good and do not hesitate to recognize what is bad."—Jeff Madrick, Los Angeles Times

"It ought to be compulsory reading for all politicians—fortunately for them and us, it is an elegant read."—The Economist

"Demonstrating an impressive mastery of a vast range of material, Mr. Kuttner lays out the case for the market's insufficiency in field after field: employment, medicine, banking, securities, telecommunications, electric power."—Nicholas Lemann, New York Times Book Review

"A powerful empirical broadside. One by one, he lays on cases where governments have outdone markets, or at least performed well."—Michael Hirsh, Newsweek

"To understand the economic policy debates that will take place in the next few years, you can't do better than to read this book."—Suzanne Garment, Washington Post Book World


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cover of Free Market in Its Twenties: Modern Business Decision Making in Central and Eastern Europe

Free Market in Its Twenties

Modern Business Decision Making in Central and Eastern Europe

George Soros

Central European University Press, 2014

This book provides a broadly managerial perspective on key trends that affect business decision-making in Central and Eastern Europe twenty years after the beginning of the region's transition to market economy. Reflecting different viewpoints, including economic, social, and political approaches, the essays helps managers of the region to understand better both regional and the global forces influencing their businesses – as well as to bring to their attention relevant cutting-edge approaches to business thinking and decision-making.
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cover of Friedrich Hayek: A Biography

Friedrich Hayek

A Biography

Alan Ebenstein

University of Chicago Press, 2003

In the first full biography of Friedrich Hayek (1899-1992), Alan Ebenstein chronicles the life, works, and legacy of the visionary thinker, from his early years in fin-de-siècle Vienna to his remarkable career as a Nobel Prize winning economist, political philosopher, and leading public intellectual. Ebenstein gives a balanced, integrated account of Hayek's diverse body of work, from his first encounter with free market ideas to his magisterial writings in later life on the legal, political, ethical, and economic requirements of a free society.
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cover of How the West Came to Rule: The Geopolitical Origins of Capitalism

How the West Came to Rule

The Geopolitical Origins of Capitalism

Alex Anievas and Kerem Nisancioglu

Pluto Press, 2015

***Winner, International Studies Association International Political Sociology Best Book Prize 2017***
***Winner, British International Studies Association International Political Economy Working Group Book Prize 2016***

 
Mainstream historical accounts of the development of capitalism describe a profess which is fundamentally European—a system that was born in the mills and factories of English and under the guillotines of the French Revolution. This groundbreaking book tells a very difference story.
 
How the West Came to Rule offers a unique interdisciplinary and international historical account of the origins of capitalism. It argues that, contrary to dominant wisdom, capitalism’s origins should not be understood as a development confined to the geographically and culturally sealed borders of Europe, but the outcome of a wider array of global processes in which non-European societies played a decisive role.
 
Here is a provocative, incisive explanation of how capitalism emerged in England and Europe through a dialectical intersocietal and geopolitical process. The authors’ aim to undermine a Eurocentric bias that has been prominent in the debate about capitalisms rise to supremacy, and their case is remarkably convincing. They provide a fundamental rethinking. Anievas and Nisancioglu contend that often cited assumptions are neither theoretically nor empirically tenable and deny the agency of non-Western societies to the emergence of capitalism. Topics covered include:
 
*The Problem of Eurocentrism
*The Problem of Historical Specificity
*The Brenner Thesis: Explanation and Critique
*The Geopolitical in the Making of Capitalism
*The Political Marxist Conception of Capitalism
*Rethinking the Origins of Capitalism
*And much more!
 
Through an outline of the uneven histories of Mongolian expansion, New World discoveries, Ottoman-Habsburg rivalry, the development of the colonies, and bourgeois revolutions, Alex Anievas and Kerem Nisancioglu offer an account of capitalism’s origins that convincingly argues against the prevailing Eurocentric narratives. It will change minds and open the eyes of historians, economists, and political thinkers.
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cover of How to Read Donald Duck: Imperialist Ideology in the Disney Comic

How to Read Donald Duck

Imperialist Ideology in the Disney Comic

Ariel Dorfman

Pluto Press, 2020

"The book has a rambunctious humor that complements its polemical spirit . . . As Disney has evolved from an animation studio into a corporate behemoth—with theme parks, a cruise line, and content streaming around the world—How to Read Donald Duck and its charge of cultural imperialism rings all the truer"—The New Yorker                       
 
First published in 1971, How to Read Donald Duck shocked readers by revealing how capitalist ideology operates in our most beloved cartoons. Having survived bonfires, impounding and being dumped into the ocean by the Chilean army, this controversial book is once again back on our shelves.
 
Written and published during the blossoming of Salvador Allende's revolutionary socialism in Chile, the book examines how Disney products reflect capitalist ideology, and are active agents working in this ideology’s favor. Focusing on the hapless mice and ducks of Disney, curiously parentless, marginalized and always short of cash, Ariel Dorfman and Armand Mattelart expose how these characters established hegemonic ideas about capital, race, gender and the relationship between developed countries and the Third World.
 
A devastating indictment of a media giant, a document of twentieth-century political upheaval, and a reminder of the dark undercurrent of pop culture, How to Read Donald Duck is once again available, together with a new introduction by Ariel Dorfman in which he writes.
 
"It is that joy in liberation, that alegria, that spirit of resistance, that I wish to share with America, as the book that Pinochet’s soldiers could not liquidate or Disney’s lawyers stop from entering the United States finally finds its way to its new home, deep into the land that invented Donald Duck and Donald Trump. Is the same country that gave me such a warm welcome as a child, and perhaps may now equally greet with open arms this critique of oppression and it certainty that we don’t have to leave the world as it was when we first encountered it."
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cover of Idiotism: Capitalism and the Privatisation of Life

Idiotism

Capitalism and the Privatisation of Life

Neal Curtis

Pluto Press, 2012

Idiotism examines the condition of society in late capitalism where the market logic of neoliberalism has become the new ‘common sense’, taken as the model for the organisation and management of all aspects of social life. Using the Greek word idios, meaning 'private', Neal Curtis calls this privatisation of the world ‘idiotism’.

Constructing a new vocabulary with which to understand contemporary society, Curtis examines 'idiotism' across the spheres of economics, politics and culture, drawing on the philosophy and political theories of Martin Heidegger, Louis Althusser, Franco Berardi, Jacques Rancière and Cornelius Castoriadis.

Idiotism recasts our conception of the new neoliberal 'common sense', presenting it as not simply a case of false consciousness, but an ontological problem related to our being-in-the-world.
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cover of In the River They Swim: Essays from Around the World on Enterprise Solutions to Poverty

In the River They Swim

Essays from Around the World on Enterprise Solutions to Poverty

Michael Fairbanks

Templeton Press, 2009

The sociologist Thomas Sowell writes, "We need to confront the most blatant fact that has persisted across centuries of social history—vast ddifferences in productivity among peoples, and the economic and other consequences of such differences." Poverty demeans dignity, shrinks the soul, wastes potential, and inflicts suffering on three billion people on our planet. We must also acknowledge that, during the past fifty yyears, the record in international assistance to the least developed countries has been disappointing; the economics-based abstractions developed in the think tanks of Europe and North America are insufficient.

In the River They Swim is the antithesis to that search for solutions the next big theory of global poverty. From the fresh perspective of advisors on the frontlines of development to the insight of leaders like President Paul Kagame of Rwanda and Pastor Rick Warren, it tells the story of change in the microcosms of emerging businesses, industries, and governments. These essays display a personal nature to their work that rigorous analysis alone cannot explain.

We learn that a Sufi master can teach us about the different levels of knowledge, the "different ways to know a river." These practitioners could have written about its length, its source, its depth, its width, the power of its current, and the life it contains. They could have invested time and money to travel to that river so that they could sit on its shores and look at it, feel the sand that borders it, and watch the birds at play over it. Instead, they dove in to swim in the river, felt its current along their bodies, and tasted something of it. They wondered, briefly, if they had the strength to swim its length, and now they share the answer.

If human development is a river, the authors in this volume, and perhaps some readers, will no longer be satisfied to stand along its banks.

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cover of Invested: How Three Centuries of Stock Market Advice Reshaped Our Money, Markets, and Minds

Invested

How Three Centuries of Stock Market Advice Reshaped Our Money, Markets, and Minds

Paul Crosthwaite, Peter Knight, Nicky Marsh, Helen Paul, and James Taylor

University of Chicago Press, 2022

Invested examines the perennial and nefarious appeal of financial advice manuals.
 
Who hasn’t wished for a surefire formula for riches and a ticket to the good life? For three centuries, investment advisers of all kinds, legit and otherwise, have guaranteed that they alone can illuminate the golden pathway to prosperity—despite strong evidence to the contrary. In fact, too often, they are singing a siren song of devastation. And yet we keep listening.
 
Invested tells the story of how the genre of investment advice developed and grew in the United Kingdom and the United States, from its origins in the eighteenth century through today, as it saturates our world. The authors analyze centuries of books, TV shows, blogs, and more, all promising techniques for amateur investors to master the ways of the market: from Thomas Mortimer’s pathbreaking 1761 work, Every Man His Own Broker, through the Gilded Age explosion of sensationalist investment manuals, the early twentieth-century emergence of a vernacular financial science, and the more recent convergence of self-help and personal finance. Invested asks why, in the absence of evidence that such advice reliably works, guides to the stock market have remained perennially popular. The authors argue that the appeal of popular investment advice lies in its promise to level the playing field, giving outsiders the privileged information of insiders. As Invested persuasively shows, the fantasies sold by these writings are damaging and deceptive, peddling unrealistic visions of easy profits and the certainty of success, while trying to hide the fact that there is no formula for avoiding life’s economic uncertainties and calamities.
 
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cover of Invested: How Three Centuries of Stock Market Advice Reshaped Our Money, Markets, and Minds

Invested

How Three Centuries of Stock Market Advice Reshaped Our Money, Markets, and Minds

Paul Crosthwaite, Peter Knight, Nicky Marsh, Helen Paul, and James Taylor

University of Chicago Press, 2022

This is an auto-narrated audiobook version of this book. 

Invested examines the perennial and nefarious appeal of financial advice manuals.

 
Who hasn’t wished for a surefire formula for riches and a ticket to the good life? For three centuries, investment advisers of all kinds, legit and otherwise, have guaranteed that they alone can illuminate the golden pathway to prosperity—despite strong evidence to the contrary. In fact, too often, they are singing a siren song of devastation. And yet we keep listening.
 
Invested tells the story of how the genre of investment advice developed and grew in the United Kingdom and the United States, from its origins in the eighteenth century through today, as it saturates our world. The authors analyze centuries of books, TV shows, blogs, and more, all promising techniques for amateur investors to master the ways of the market: from Thomas Mortimer’s pathbreaking 1761 work, Every Man His Own Broker, through the Gilded Age explosion of sensationalist investment manuals, the early twentieth-century emergence of a vernacular financial science, and the more recent convergence of self-help and personal finance. Invested asks why, in the absence of evidence that such advice reliably works, guides to the stock market have remained perennially popular. The authors argue that the appeal of popular investment advice lies in its promise to level the playing field, giving outsiders the privileged information of insiders. As Invested persuasively shows, the fantasies sold by these writings are damaging and deceptive, peddling unrealistic visions of easy profits and the certainty of success, while trying to hide the fact that there is no formula for avoiding life’s economic uncertainties and calamities.
 
[more]
cover of Leveraged: The New Economics of Debt and Financial Fragility

Leveraged

The New Economics of Debt and Financial Fragility

Edited by Moritz Schularick

University of Chicago Press, 2022

An authoritative guide to the new economics of our crisis-filled century. Published in collaboration with the Institute for New Economic Thinking.

The 2008 financial crisis was a seismic event that laid bare how financial institutions’ instabilities can have devastating effects on societies and economies. COVID-19 brought similar financial devastation at the beginning of 2020 and once more massive interventions by central banks were needed to heed off the collapse of the financial system. All of which begs the question: why is our financial system so fragile and vulnerable that it needs government support so often? 

For a generation of economists who have risen to prominence since 2008, these events have defined not only how they view financial instability, but financial markets more broadly. Leveraged brings together these voices to take stock of what we have learned about the costs and causes of financial fragility and to offer a new canonical framework for understanding it. Their message: the origins of financial instability in modern economies run deeper than the technical debates around banking regulation, countercyclical capital buffers, or living wills for financial institutions. Leveraged offers a fundamentally new picture of how financial institutions and societies coexist, for better or worse.  

The essays here mark a new starting point for research in financial economics. As we muddle through the effects of a second financial crisis in this young century, Leveraged provides a road map and a research agenda for the future.
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cover of Liberalism's Last Man: Hayek in the Age of Political Capitalism

Liberalism's Last Man

Hayek in the Age of Political Capitalism

Vikash Yadav

University of Chicago Press, 2023

A modern reframing of Friedrich Hayek’s most famous work for the 21st century.

Friedrich Hayek’s The Road to Serfdom was both an intellectual milestone and a source of political division, spurring fiery debates around capitalism and its discontents. In the ensuing discord, Hayek’s true message was lost: liberalism is a thing to be protected above all else, and its alternatives are perilous.

In Liberalism’s Last Man, Vikash Yadav revives the core of Hayek’s famed work to map today’s primary political anxiety: the tenuous state of liberal meritocratic capitalism—particularly in North America, Europe, and Asia—in the face of strengthening political-capitalist powers like China, Vietnam, and Singapore. As open societies struggle to match the economic productivity of authoritarian-capitalist economies, the promises of a meritocracy fade; Yadav channels Hayek to articulate how liberalism’s moral backbone is its greatest defense against repressive social structures.

[more]
cover of Liberalism's Last Man: Hayek in the Age of Political Capitalism

Liberalism's Last Man

Hayek in the Age of Political Capitalism

Vikash Yadav

University of Chicago Press, 2023

A modern reframing of Friedrich Hayek’s most famous work for the 21st century.

Friedrich Hayek’s The Road to Serfdom was both an intellectual milestone and a source of political division, spurring fiery debates around capitalism and its discontents. In the ensuing discord, Hayek’s true message was lost: liberalism is a thing to be protected above all else, and its alternatives are perilous.

In Liberalism’s Last Man, Vikash Yadav revives the core of Hayek’s famed work to map today’s primary political anxiety: the tenuous state of liberal meritocratic capitalism—particularly in North America, Europe, and Asia—in the face of strengthening political-capitalist powers like China, Vietnam, and Singapore. As open societies struggle to match the economic productivity of authoritarian-capitalist economies, the promises of a meritocracy fade; Yadav channels Hayek to articulate how liberalism’s moral backbone is its greatest defense against repressive social structures.

[more]
cover of Millennial Capitalism and the Culture of Neoliberalism

Millennial Capitalism and the Culture of Neoliberalism

Jean Comaroff and John L. Comaroff, eds.

Duke University Press, 2001

The essays in Millennial Capitalism and the Culture of Neoliberalism pose a series of related questions: How are we to understand capitalism at the millennium? Is it a singular or polythetic creature? What are we to make of the culture of neoliberalism that appears to accompany it, taking on simultaneously local and translocal forms? To what extent does it make sense to describe the present juncture in world history as an “age of revolution,” one not unlike 1789–1848 in its transformative potential?
In exploring the material and cultural dimensions of the Age of Millennial Capitalism, the contributors interrogate the so-called crisis of the nation-state, how the triumph of the free market obscures rising tides of violence and cultures of exclusion, and the growth of new forms of identity politics. The collection also investigates the tendency of neoliberal capitalism to produce a world of increasing differences in wealth, environmental catastrophes, heightened flows of people and value across space and time, moral panics and social impossibilities, bitter generational antagonisms and gender conflicts, invisible class distinction, and “pariah” forms of economic activity. In the process, the volume opens up an empirically grounded, conceptual discussion about the world-at-large at a particularly momentous historical time—when the social sciences and humanities are in danger of ceding intellectual initiative to the masters of the market and the media.
In addition to its crossdisciplinary essays, Millennial Capitalism and the Culture of Neoliberalism—originally the third installment of the journal Public Culture’s “Millennial Quartet”—features several photographic essays. The book will interest anthropologists, political geographers, economists, sociologists, and political theorists.

Contributors. Scott Bradwell, Jean Comaroff, John L. Comaroff, Fernando Coronil, Peter Geschiere, David Harvey, Luiz Paulo Lima, Caitrin Lynch, Rosalind C. Morris, David G. Nicholls, Francis Nyamnjoh, Elizabeth A. Povinelli, Paul Ryer, Allan Sekula, Irene Stengs, Michael Storper, Seamus Walsh, Robert P. Weller, Hylton White, Melissa W. Wright, Jeffrey A. Zimmerman

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cover of Milton Friedman on Economics: Selected Papers

Milton Friedman on Economics

Selected Papers

Milton Friedman

University of Chicago Press, 2007

On his death in the autumn of 2006, Milton Friedman was lauded as “the grandmaster of free-market economic theory in the postwar era” by the New York Times and “the most influential economist of the second half of the 20th century” by the Economist. Winner of the Nobel Prize in Economics in 1976, Friedman was both a highly respected economist and a prominent public intellectual, the leader of a revolution in economic and political thought that argued robustly in favor of virtues of free markets and laissez-faire policies.

Milton Friedman on Economics: Selected Papers collects a variety of Friedman’s papers on topics in economics that were originally published in the Journal of Political Economy. Opening with Friedman’s 1977 Nobel Lecture, the volume spans nearly the whole of his career, incorporating papers from as early as 1948 and as late as 1990. An excellent introduction to Friedman’s economic thought, Milton Friedman will be essential for anyone tracing the course of twentieth-century economics and politics. 
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cover of Mutant Ecologies: Manufacturing Life in the Age of Genomic Capital

Mutant Ecologies

Manufacturing Life in the Age of Genomic Capital

Erica Borg

Pluto Press, 2022

How capitalism is reconfiguring the very texture of life

Mutant Ecologies traces the spinning of new synthetic threads into the web of life. It is a critical cartography of the shifting landscapes of capital accumulation conjured by recent developments in genomic science, genome editing, and the biotech industry.

CRISPR crops, fast-growing salmons, heat-resistant Slick™ cows, Friendly™ Mosquitoes, humanized mice, pigs growing human organs – these are but a few of the dazzling new life-forms that have recently emerged from corporate and university laboratories around the world, all promising to lubricate the circuits of capital accumulation in distinct ways. The deliberate induction of genetic mutations is increasingly central to business operations in a number of sectors, from agriculture to pharmaceuticals.

While the Nobel Committee recently proclaimed the life sciences to have entered 'a new epoch', the authors show how these technological innovations continue to operate within a socio-historical context defined by the iron rules of capitalist competition and exploitation. Capital no longer contents itself by simply appropriating the living bodies of plants and animals. It purposefully designs its internal metabolism, and in that way, it redesigns the countless living vectors that constitute the global biosphere. It is driving a biological revolution, which will ripple through the everyday lives of people everywhere.

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cover of Organic Coffee: Sustainable Development by Mayan Farmers

Organic Coffee

Sustainable Development by Mayan Farmers

Maria Elena Martinez-Torres

Ohio University Press, 2006

Despite deepening poverty and environmental degradation throughout rural Latin America, Mayan peasant farmers in Chiapas, Mexico, are finding environmental and economic success by growing organic coffee. Organic Coffee: Sustainable Development by Mayan Farmers provides a unique and vivid insight into how this coffee is grown, harvested, processed, and marketed to consumers in Mexico and in the north.

Maria Elena Martinez-Torres explains how Mayan farmers have built upon their ethnic networks to make a crucial change in their approach to agriculture. Taking us inside Chiapas, Mexico's poorest state and scene of the 1994 Zapatista uprising, she examines the anatomy of the ongoing organic coffee boom and the fair-trade movement. The organic coffee boom arose as very poor farmers formed cooperatives, revalued their ethnic identity, and improved their land through organic farming. The result has been significant economic benefits for their families and ecological benefits for the future sustainability of agriculture in the region.

Organic Coffee refutes the myth that organic farming is less productive than chemical-based agriculture and gives us reasons to be hopeful for indigenous peoples and peasant farmers
[more]
cover of Out of Stock: The Warehouse in the History of Capitalism

Out of Stock

The Warehouse in the History of Capitalism

Dara Orenstein

University of Chicago Press, 2019

In Out of Stock, Dara Orenstein delivers an ambitious and engrossing account of that most generic and underappreciated site in American commerce and industry: the warehouse. She traces the progression from the nineteenth century’s bonded warehouses to today’s foreign-trade zones, enclaves where goods can be simultaneously on US soil and off US customs territory. Orenstein contends that these zones—nearly 800 of which are scattered across the country—are emblematic of why warehouses have begun to supplant factories in the age of Amazon and Walmart. Circulation is so crucial to the logistics of how and where goods are made that it is increasingly inseparable from production, to the point that warehouses are now some of the most pivotal spaces of global capitalism. Drawing from cultural geography, cultural history, and political economy, Out of Stock nimbly demonstrates the centrality of warehouses for corporations, workers, cities, and empires.
 
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cover of Public Catastrophes, Private Losses

Public Catastrophes, Private Losses

Sarah Tobias

Rutgers University Press, 2025

From COVID to climate-change-induced wildfires and hurricanes, we live in an era when catastrophes have become the new normal. But even though these events affect us all, some members of society are more vulnerable to harm than others. 
 
This essay collection explores how the definition of catastrophe might be expanded to include many forms of large-scale structural violence on communities, species, and ecosystems. Using feminist methodologies, the contributors to Public Catastrophes, Private Losses trace the connections between seemingly unrelated forms of violence such as structural racism, environmental degradation, and public health crises. In contrast to a news media that focuses on mass fatalities and immediate consequences, these essays call our attention to how catastrophes can also involve slow violence with long-term effects. 
 
The authors also consider how these catastrophes are profoundly shaped by government action or inaction, offering a powerful critique of how government neglect has cost lives and demonstrating how vulnerable populations can be better protected. The essays in this collection examine how public catastrophes imprint themselves on lives, as individuals and communities narrate, process, and grapple with legacies of loss. The book is thus a feminist intervention that challenges the binary between public and private, personal and political.
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cover of Speculative Communities: Living with Uncertainty in a Financialized World

Speculative Communities

Living with Uncertainty in a Financialized World

Aris Komporozos-Athanasiou

University of Chicago Press, 2022

Speculative Communities investigates the financial world’s influence on the social imagination, unraveling its radical effects on our personal and political lives.

In Speculative Communities, Aris Komporozos-Athanasiou examines the ways that speculation has moved beyond financial markets to shape fundamental aspects of our social and political lives. As ordinary people make exceptional decisions, such as the American election of a populist demagogue or the British vote to leave the European Union, they are moving from time-honored and -tested practices of governance, toward the speculative promise of a new, more uncertain future. This book shows how even our methods of building community have shifted to the speculative realm as social media platforms enable and amplify our volatile wagers.

For Komporozos-Athanasiou, “to speculate” means increasingly “to connect,” to endorse the unknown pre-emptively, and often daringly, as a means of social survival. Grappling with the question of how more uncertainty can lead to its full-throated embrace rather than dissent, Speculative Communities shows how finance has become the model for society writ large. As Komporozos-Athanasiou argues, virtual marketplaces, new social media, and dating apps bring finance’s opaque infrastructures into the most intimate realms of our lives, leading to a new type of speculative imagination across economy, culture, and society.
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cover of The American Dream Is Not Dead: (But Populism Could Kill It)

The American Dream Is Not Dead

(But Populism Could Kill It)

Michael R. Strain

Templeton Press, 2020

Populists on both sides of the political aisle routinely announce that the American Dream is dead. According to them, the game has been rigged by elites, workers can’t get ahead, wages have been stagnant for decades, and the middle class is dying. 

Michael R. Strain, director of economic policy studies at the American Enterprise Institute, disputes this rhetoric as wrong and dangerous. In this succinctly argued volume, he shows that, on measures of economic opportunity and quality of life, there has never been a better time to be alive in America. He backs his argument with overwhelming—and underreported—data to show how the facts favor realistic optimism.

He warns, however, that the false prophets of populism pose a serious danger to our current and future prosperity. Their policies would leave workers worse off. And their erroneous claim that the American Dream is dead could discourage people from taking advantage of real opportunities to better their lives. If enough people start to believe the Dream is dead, they could, in effect, kill it. To prevent this self-fulfilling prophecy, Strain’s book is urgent reading for anyone feeling the pull of the populists. 

E. J. Dionne and Henry Olsen provide spirited responses to Strain’s argument.

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cover of The Anti-Capitalist Book of Fashion

The Anti-Capitalist Book of Fashion

Tansy E.

Pluto Press, 2022

The award-winning classic on why we must revolutionise the fashion industry

*Selected by Emma Watson for her Ultimate Book List*

Fashion is political. From the red carpets of the Met Gala to online fast fashion, clothes tell a story of inequality, racism, and climate crisis. In The Anti-Capitalist Book of Fashion, Tansy E. Hoskins unpicks the threads of capitalist industry to reveal the truth about our clothes.

Fashion brands entice us to consume more by manipulating us to feel ugly, poor and worthless, sentiments that line the pockets of billionaires exploiting colonial supply chains. Garment workers on poverty pay risk their lives in dangerous factories, animals are tortured, fossil fuels extracted and toxic chemicals spread just to keep this season's collections fresh.

We can do better than this. Moving between Karl Lagerfeld and Karl Marx, The Anti-Capitalist Book of Fashion goes beyond ethical fashion and consumer responsibility showing that if we want to feel comfortable in our clothes, we need to reshape the system and ensure this is not our last season.

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cover of The Business of America: The Cultural Production of a Post-War Nation

The Business of America

The Cultural Production of a Post-War Nation

Graham Thompson

Pluto Press, 2004

The Business of America examines the complex linking of business and nationhood in post-war United States literature against the backdrop of changing concepts of the nation in the field of American Studies. 

The first part of the book examines how white male literary culture has been largely hostile to business during this period and how it has represented transnational shifts in the nature of business as threats to supposedly American values like the individual, the family, or freedom. The book charts the way that such an uneasiness towards business relies upon a discourse about America, business and empire that is increasingly untenable in the post-war world. 

By way of comparison, The Business of America looks at how literature by women and by writers from different racial, ethnic and sexual groups often deals with business from the more localised angle of work. Graham Thompson shows how this attention to work provides a less abstract and more oppositional approach to the connection between business and America.
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cover of The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism

The Capital Order

How Economists Invented Austerity and Paved the Way to Fascism

Clara E. Mattei

University of Chicago Press, 2022

A Financial Times Best Book of the Year

"A must-read, with key lessons for the future."—Thomas Piketty

A groundbreaking examination of austerity’s dark intellectual origins. 


For more than a century, governments facing financial crisis have resorted to the economic policies of austerity—cuts to wages, fiscal spending, and public benefits—as a path to solvency. While these policies have been successful in appeasing creditors, they’ve had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favored policy among troubled states, an important question remains: What if solvency was never really the goal? 

In The Capital Order, political economist Clara E. Mattei explores the intellectual origins of austerity to uncover its originating motives: the protection of capital—and indeed capitalism—in times of social upheaval from below. 

Mattei traces modern austerity to its origins in interwar Britain and Italy, revealing how the threat of working-class power in the years after World War I animated a set of top-down economic policies that elevated owners, smothered workers, and imposed a rigid economic hierarchy across their societies. Where these policies “succeeded,” relatively speaking, was in their enrichment of certain parties, including employers and foreign trade interests, who accumulated power and capital at the expense of labor. Here, Mattei argues, is where the true value of austerity can be observed: its insulation of entrenched privilege and its elimination of all alternatives to capitalism. 

Drawing on newly uncovered archival material from Britain and Italy, much of it translated for the first time, The Capital Order offers a damning and essential new account of the rise of austerity—and of modern economics—at the levers of contemporary political power.
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cover of The Conundrum of Russian Capitalism: The Post-Soviet Economy in the World System

The Conundrum of Russian Capitalism

The Post-Soviet Economy in the World System

Ruslan Dzarasov

Pluto Press, 2013

The Conundrum of Russian Capitalism looks at the nature of Russian capitalism following the fall of the Soviet Union, showing how the system originated in the degenerated Soviet bureaucracy and the pressures of global capital. Ruslan Dzarasov provides a detailed analysis of Russian corporate governance, labour practices and investment strategies.

By comparing the practices of Russian companies to the typical models of corporate governance and investment behaviour of big firms in the West, Dzarasov sheds light on the relationship between the core and periphery of the capitalist world-system.

This groundbreaking study shows that Russia's new capitalism is not a break with the country's Stalinist past, but in fact the continuation of that tradition.

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cover of The Ends of Freedom: Reclaiming America's Lost Promise of Economic Rights

The Ends of Freedom

Reclaiming America's Lost Promise of Economic Rights

Mark Paul

University of Chicago Press, 2023

An urgent and galvanizing argument for an Economic Bill of Rights—and its potential to confer true freedom on all Americans.

Since the Founding, Americans have debated the true meaning of freedom. For some, freedom meant the provision of life’s necessities, those basic conditions for the “pursuit of happiness.” For others, freedom meant the civil and political rights enumerated in the Bill of Rights and unfettered access to the marketplace—nothing more.  As Mark Paul explains, the latter interpretation—thanks in large part to a particularly influential cadre of economists—has all but won out among policymakers, with dire repercussions for American society: rampant inequality, endemic poverty, and an economy built to benefit the few at the expense of the many.

In this book, Paul shows how economic rights—rights to necessities like housing, employment, and health care—have been a part of the American conversation since the Revolutionary War and were a cornerstone of both the New Deal and the Civil Rights Movement. Their recuperation, he argues, would at long last make good on the promise of America’s founding documents. By drawing on FDR’s proposed Economic Bill of Rights, Paul outlines a comprehensive policy program to achieve a more capacious and enduring version of American freedom. Among the rights he enumerates are the right to a good job, the right to an education, the right to banking and financial services, and the right to a healthy environment.

Replete with discussions of some of today’s most influential policy ideas—from Medicare for All to a federal job guarantee to the Green New Deal—The Ends of Freedom is a timely and urgent call to reclaim the idea of freedom from its captors on the political right—to ground America’s next era in the country’s progressive history and carve a path toward a more economically dynamic and equitable nation.
 
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cover of The Experience Society: Consumer Capitalism Rebooted

The Experience Society

Consumer Capitalism Rebooted

Steven Miles

Pluto Press, 2020

Airbnb, gaming, escape rooms, major sporting events: contemporary capitalism no longer demands we merely consume things, but that we buy experiences. This book is concerned with the social, cultural and personal implications of this shift.

The technologically-driven world we live in is no closer to securing the utopian ideal of a leisure society. Instead, the pursuit of leisure is often an attempt to escape our everyday existence. Exploring examples including sport, architecture, travel and social media, Steven Miles investigates how consumer culture has colonised 'experiences', revealing the ideological and psycho-social tensions at the heart of the 'experience society'.

The first critical analysis of the experience economy by a UK sociologist sheds light on capitalism's ever more sophisticated infiltration of the everyday.
[more]
cover of The Experience Society: Consumer Capitalism Rebooted

The Experience Society

Consumer Capitalism Rebooted

Steven Miles

Pluto Press, 2020

Airbnb, gaming, escape rooms, major sporting events: contemporary capitalism no longer demands we merely consume things, but that we buy experiences. This book is concerned with the social, cultural and personal implications of this shift.

The technologically-driven world we live in is no closer to securing the utopian ideal of a leisure society. Instead, the pursuit of leisure is often an attempt to escape our everyday existence. Exploring examples including sport, architecture, travel and social media, Steven Miles investigates how consumer culture has colonized 'experiences', revealing the ideological and psycho-social tensions at the heart of the 'experience society'.

The first critical analysis of the experience economy by a UK sociologist sheds light on capitalism's ever more sophisticated infiltration of the everyday.
[more]
cover of The New International Money Game

The New International Money Game

Robert Z. Aliber

University of Chicago Press, 2002

Previous editions of Robert Z. Aliber's The New International Money Game have been widely acclaimed as the best and most entertaining introduction to the arcane enigmas of international finance. Since its original publication, the book has become a classic primer for beginning students, businesspersons, and anyone interested in a clear explanation of international monetary and financial issues.

With expert knowledge and a wry sense of humor, Aliber demystifies international finance by breaking through the jargon barrier and presenting technical issues in a clear and concise manner. Aliber takes the reader on a tour of a multiplicity of international finance issues, included fixed and floating exchange rates, devaluations, money markets, monetary policy, and the concepts that lie behind the esoteric language of financial economists.

This sixth edition tracks the changes that have taken place in the world economy since the previous editions by exploring financial globalization, postcommunist transition, European integration, and the Asian economic crisis. It is an indispensable and highly readable guide to the complex and increasingly fragile system through which the world's business is financed.
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cover of The Politics of Culture in the Shadow of Capital

The Politics of Culture in the Shadow of Capital

Lisa Lowe and David Lloyd, eds.

Duke University Press, 1997

Global in scope, but refusing a familiar totalizing theoretical framework, the essays in The Politics of Culture in the Shadow of Capital demonstrate how localized and resistant social practices—including anticolonial and feminist struggles, peasant revolts, labor organizing, and various cultural movements—challenge contemporary capitalism as a highly differentiated mode of production.
Reworking Marxist critique, these essays on Asia, Latin America, the Caribbean, North America, and Europe advance a new understanding of "cultural politics" within the context of transnational neocolonial capitalism. This perspective contributes to an overall critique of traditional approaches to modernity, development, and linear liberal narratives of culture, history, and democratic institutions. It also frames a set of alternative social practices that allows for connections to be made between feminist politics among immigrant women in Britain, women of color in the United States, and Muslim women in Iran, Egypt, Pakistan, and Canada; the work of subaltern studies in India, the Philippines, and Mexico; and antiracist social movements in North and South America, the Caribbean, and Europe. These connections displace modes of opposition traditionally defined in relation to the modern state and enable a rethinking of political practice in the era of global capitalism.

Contributors. Tani E. Barlow, Nandi Bhatia, Dipesh Chakrabarty, Chungmoo Choi, Clara Connolly, Angela Davis, Arturo Escobar, Grant Farred, Homa Hoodfar, Reynaldo C. Ileto, George Lipsitz, David Lloyd, Lisa Lowe, Martin F. Manalansan IV, Aihwa Ong, Pragna Patel, José Rabasa, Maria Josefina Saldaña-Portillo, Jaqueline Urla


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cover of Two Lucky People: Memoirs

Two Lucky People

Memoirs

Milton Friedman and Rose D. Friedman

University of Chicago Press, 1998

In Two Lucky People, Rose and Milton Friedman provide a memorable and lively account of their lives, the people they knew, and the work they shared. Their involvement with world leaders and many of this century's most important public policy issues moves their memoir beyond the merely personal and makes fascinating reading for anyone interested in the history of twentieth-century ideas.

"The Friedmans come across as the last Enlightenment thinkers in a post-modern world. . . . This is a book that restores your faith in reasoned discourse. . . . There really are people who believe in scholarly exchange as a way to discover truth."—David Brooks, New York Times Book Review

"The Friedmans are a feisty couple, who clearly delight in their lives and each other. And shining through their reticence, and their conservatism, is a decency that even liberals will recognize."—Milton and Judith Viorst, Washington Post Book World

"This engaging book recounts the life and contributions of one of America's most influential writers and economists in the second half of the twentieth century. And her husband's no slouch either. . . . An indispensable guide through the evolution of economic thought."—Stephen Moore, National Review

"A thought-provoking book and one rich in history, the personal history of the Friedmans . . . and the cultural and political history of our country."—Steve Huntley, Chicago Sun-Times Books

"[Two Lucky People] is almost like a letter from a couple of old friends—a couple of old friends who had a long, compelling intellectual journey, came to know some of the great world leaders of this century, and had 60 years of happy, supportive marriage."—N. Gregory Mankiw, Fortune

"A rich autobiographical and historical panorama."—William P. Kucewicz, Wall Street Journal

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cover of Unbeatable: The Brutally Honest Case  for Free Markets

Unbeatable

The Brutally Honest Case for Free Markets

Bryan Caplan

University of Chicago Press, 2027

From economist and New York Times bestselling author Bryan Caplan, a provocative and powerful argument for ending the age of big government and embracing free markets as the best tool to foster prosperity for all.

 “Markets do the good things that sound bad; governments do the bad things that sound good.” So begins the audacious argument from New York Times bestselling author Bryan Caplan in his essential treatise on modern economies, Unbeatable. Caplan’s case is not merely ideological: he shows compellingly that markets—by lowering prices, giving consumers what they want, and weighing risks—deliver the raw materials for human prosperity that history tells us are unbeatable by other means. Their more popular alternative, governments, focus on addressing crowd-pleasing complaints, incurring high costs and delivering dubious benefits. With this historical foundation, Caplan makes the case for unabashed support of free markets and fervent opposition to government intervention. 

Unbeatable imagines a world where markets are allowed in all the places where we think we don’t want them—schools, immigration, social care, and housing policy—and sketches the positive social and economic transformations that would follow from privatization. These include the miracle effects of giving people money instead of Medicare and Social Security; the ability of open borders to solve demographic and labor problems; and the universal benefits of less regulation. In prose that is uncoded and uncommonly honest, Caplan explains how our aversion to markets emerged from our shared wish to avoid wrestling with tradeoffs—the social desirability bias that leads us to favor bad things that sound good over good things that sound bad. Markets, it turns out, can save us from those disappointments, especially compared to the alternatives. Unlike many free-market economists, Caplan freely concedes the ugly downsides of the policies he favors—but argues that the policies should be evaluated on their overall performance rather than their emotional appeal. 

Unbeatable is the maximalist, politically unbeholden case for markets as tools for human flourishing. For readers with open hearts, it offers nothing short of an antidote to our economic discontents.

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