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Free Market Conservatism (Routledge Revivals): A Critique of Theory & Practice
Hardcover
Series: Routledge Revivals
ISBN13: 9780415567152
Publisher: Routledge
Published: Oct 1 2009
Pages: 276
Weight: 1.03
Height: 0.69 Width: 5.50 Depth: 8.50
Language: English
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.
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