The Myth of the Free Market
The Myth of the Free Market

Author: Mark Anthony Martinez

Publisher: Kumarian Press

Published: 2009

Total Pages: 338

ISBN-13: 1565492676

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* Explains how the 2008 financial meltdown came about and how to revitalize global and domestic economies * 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.

The Myth of Capitalism
The Myth of Capitalism

Author: Jonathan Tepper

Publisher: John Wiley & Sons

Published: 2023-04-25

Total Pages: 349

ISBN-13: 1394184069

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The Myth of Capitalism tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their pay check to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. The Myth of Capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.

Between Market and Myth
Between Market and Myth

Author: Katie J. Vater

Publisher: Rutgers University Press

Published: 2020-07-17

Total Pages: 227

ISBN-13: 1684482232

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In its early transition to democracy following Franco’s death in 1975, Spain rapidly embraced neoliberal practices and policies, some of which directly impacted cultural production. In a few short years, the country commercialized its art and literary markets, investing in “cultural tourism” as a tool for economic growth and urban renewal. The artist novel began to proliferate for the first time in a century, but these novels—about artists and art historians—have received little critical attention beyond the descriptive. In Between Market and Myth, Vater studies select authors—Julio Llamazares, Ángeles Caso, Clara Usón, Almudena Grandes, Nieves Herrero, Paloma Díaz-Mas, Lourdes Ortiz, and Enrique Vila-Matas—whose largely realist novels portray a clash between the myth of artistic freedom and artists’ willing recruitment or cooptation by market forces or political influence. Today, in an era of rising globalization, the artist novel proves ideal for examining authors' ambivalent notions of creative practice when political patronage and private sector investment complicate belief in artistic autonomy. Published by Bucknell University Press. Distributed worldwide by Rutgers University Press.

The Myth of the Rational Market
The Myth of the Rational Market

Author: Justin Fox

Publisher: Harper Collins

Published: 2011-02-08

Total Pages: 418

ISBN-13: 0060599030

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The financial crisis of 2008 and subsequent Great Recession demolished many cherished beliefs—most significantly, the theory that financial markets always get things right. Justin Fox's The Myth of the Rational Market explains where that idea came from, and where it went wrong. As much an intellectual whodunit as a cultural history of the perils and possibilities of risk, it also brings to life the people and ideas that forged modern finance and investing—from the formative days of Wall Street through the Great Depression and into the financial calamities of today. It's a tale featuring professors who made and lost fortunes, battled fiercely over ideas, beat the house at blackjack, wrote bestselling books, and played major roles on the world stage. It's also a story of free-market capitalism's war with itself.

The Myth of Market Share
The Myth of Market Share

Author: Richard Miniter

Publisher: Crown Currency

Published: 2002-10-15

Total Pages: 165

ISBN-13: 1400047382

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Richard Miniter skewers the sacred cow of market share and debunks the conventional wisdom that corporate profits rise as you grab more territory in the marketplace. Market share is the fool’s gold of modern business. In reality, companies that maximize market share end up minimizing profits, while their smarter rivals earn higher returns. Three times out of four, on average, the most profitable firm is not the one with the largest slice of the market. Yet the myth of market share continues to hobble and kill great companies, while smaller competitors dig out real profits. Executives, entrepreneurs, investors, and regulators will learn why megamergers often fail, brand extensions wither, and stocks tumble. The Myth of Market Share also reveals a positive and proven strategy for transforming a company into a profit leader. Richard Miniter recounts many cautionary tales of great companies that refused to change—and outlines the practical plans of those that changed and flourished. Managers and investors will profit from knowing why Dell prospers by treating market share as a benchmark, not as a goal. Executives and entrepreneurs can retool their strategies by examining the case studies in this book, including Ryanair, an upstart Irish air carrier that transformed itself into the world’s most profitable airline; International Paper, a manufacturing Goliath that tried to buy success; Boeing, the plane maker that pulled out of a steep dive by jettisoning its market share strategies; and DaimlerChrysler, the carmaker that stalled when it tried to be all things to all people. By providing a road map for persuading doubtful colleagues and leading a company to profit leadership, The Myth of Market Share is an entertaining, historical review and leadership tutorial, delivering proven strategies for generating long-term profits and sustainable growth during these uncertain times.

Founders of the Future
Founders of the Future

Author: Óscar Iván Useche

Publisher: Rutgers University Press

Published: 2022-03-18

Total Pages: 277

ISBN-13: 1684483875

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In this ambitious new interdisciplinary study, Useche proposes the metaphor of the social foundry to parse how industrialization informed and shaped cultural and national discourses in late nineteenth- and early twentieth-century Spain. Across a variety of texts, Spanish writers, scientists, educators, and politicians appropriated the new economies of industrial production—particularly its emphasis on the human capacity to transform reality through energy and work—to produce new conceptual frameworks that changed their vision of the future. These influences soon appeared in plans to enhance the nation’s productivity, justify systems of class stratification and labor exploitation, or suggest state organizational improvements. This fresh look at canonical writers such as Emilia Pardo Bazán, Concha Espina, Benito Pérez Galdós, Vicente Blasco Ibáñez, and José Echegaray as well as lesser known authors offers close readings of their work as it reflected the complexity of Spain’s process of modernization.

The Deficit Myth
The Deficit Myth

Author: Stephanie Kelton

Publisher: PublicAffairs

Published: 2020-06-09

Total Pages: 311

ISBN-13: 1541736206

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A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

The Myth of the Global Corporation
The Myth of the Global Corporation

Author: Paul Doremus

Publisher: Princeton University Press

Published: 2021-01-12

Total Pages: 208

ISBN-13: 0691223874

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Critics and defenders of multinational corporations often agree on at least one thing: that the activities of multinationals are creating an overwhelmingly powerful global market that is quickly rendering national borders obsolete. The authors of this book, however, argue that such expectations commonly rest on a myth. They examine key activities of multinational corporations in the United States, Japan, and Europe and explore the relationship between corporate behavior and national institutions and cultures. They demonstrate that the world's leading multinationals continue to be shaped decisively by the policies and values of their home countries and that their core operations are not converging to create a seamless global market. With a wealth of fresh evidence, the authors show that Japanese and German multinationals, in particular, remain only weakly committed to laissez-faire policy orientations and continue to exhibit strong allegiance to national goals in such areas as investment and employment. They also bring to light the consequences of enduring differences in government policies on, for example, industrial cartels, capital markets, and research and development. The authors agree that the world economy is becoming more complex and integrated as overt barriers to trade and investment fall away. But they conclude that the extent of this integration is decisively limited by structural divergence at the level of the firm. The book will be essential reading for those seeking to understand the growing interdependence of still-distinctive industrial societies and the wellsprings of the true global economy.