LoveReading

Becoming a member of the LoveReading community is free.

No catches, no fine print just unadulterated book loving, with your favourite books saved to your own digital bookshelf.

New members get entered into our monthly draw to win £100 to spend in your local bookshop Plus lots lots more…

Find out more

Myth of the Free Market

by Mark Martinez

Myth of the Free Market Synopsis

This book explains how the 2008 financial meltdown came about and how to revitalize global and domestic economies. It shows how capitalist economies developed and why the state matters in their functioning. Free market purists claim that the state is an inefficient institution that does little for society beyond providing stability and protection. The activities related to distributing resources and economic growth, they say, are better left to the 'invisible hand' of the marketplace. These notions now seem tragically misguided in the wake of the 2008 market collapse and bailout. Mark Martinez describes how the flawed myth of the 'invisible hand' distorted our understanding of how modern capitalist markets developed and actually work. Martinez draws from history to illustrate that political processes and the state are not only instrumental in making capitalist markets work but that there would be no capitalist markets or wealth creation without state intervention. He brings his story up to the present day to show how the seeds of an unprecedented government intervention in the financial markets were sown in past actions. The Myth of the Free Market is a fascinating and accessible introduction to comparative economic systems as well as an incisive refutation of the standard mantras of neoclassical free market economic theory.

Myth of the Free Market Press Reviews

Explains the role of political processes in creating and supporting capitalist markets. -- Publishers Weekly

Book Information

ISBN: 9781565492677
Publication date: 6th August 2020
Author: Mark Martinez
Publisher: Kumarian Press
Format: Paperback / softback
Pagination: 319 pages
Categories: Economic systems & structures, Economic theory & philosophy, Economic growth,

About Mark Martinez

Mark A. Martinez is Department Chair and Professor of Political Science at California State University, Bakersfield. He earned his B.A. in Political Science from California State University, Chico and his Ph.D. from the University of California, Santa Barbara. Dr. Martinez has taught and lived in Mexico, is a current Research Associate at the Universidad Autonoma de Queretaro, and has published articles and book chapters on political and economic development. Dr. Martinez hosts and produces his own radio program in Bakersfield, The Mark Martinez Show: Talk Radio for Liberals and Real Conservatives.

More About Mark Martinez

More Books By Mark Martinez

Cover for Myth of the Free Market  by Mark Martinez
View All Books By Mark Martinez

Share this book