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Synopsis:
It is widely believed today that the free market is the best mechanism ever invented to efficiently allocate resources in society. Just as fundamental as faith in the free market is the belief that government has a legitimate and competent role in policing and the punishment arena. This curious incendiary combination of free market efficiency and the Big Brother state has become seemingly obvious, but it hinges on the illusion of a supposedly natural order in the economic realm. The Illusion of Free Markets argues that our faith in “free markets” has severely distorted American politics and punishment practices.
Bernard Harcourt traces the birth of the idea of natural order to eighteenth-century economic thought and reveals its gradual evolution through the Chicago School of economics and ultimately into today’s myth of the free market. The modern category of “liberty” emerged in reaction to an earlier, integrated vision of punishment and public economy, known in the eighteenth century as “police.” This development shaped the dominant belief today that competitive markets are inherently efficient and should be sharply demarcated from a government-run penal sphere.
This modern vision rests on a simple but devastating illusion. Superimposing the political categories of “freedom” or “discipline” on forms of market organization has the unfortunate effect of obscuring rather than enlightening. It obscures by making both the free market and the prison system seem natural and necessary. In the process, it facilitated the birth of the penitentiary system in the nineteenth century and its ultimate culmination into mass incarceration today.
About the Author: Bernard E. Harcourt is Isidor and Seville Sulzbacher Professor of Law at Columbia University and Directeur d’études at the École des hautes études en sciences sociales, Paris.
Title: The Illusion of Free Markets: Punishment and...
Publisher: Harvard University Press
Publication Date: 2012
Binding: Soft cover
Condition: very good
Book Description paperback. Condition: Very Good. Open Books is a nonprofit social venture that provides literacy experiences for thousands of readers each year through inspiring programs and creative capitalization of books. Seller Inventory # mon0000758539
Book Description Condition: acceptable. May contain writing, notes, highlighting, bends or folds. Text is readable, book is clean, and pages and cover mostly intact. May show normal wear and tear. Item may be missing CD. May include library marks. Fast Shipping. Seller Inventory # ZBM.18DSN
Book Description paperback. Condition: Good. Illustrated. It is widely believed today that the free market is the best mechanism ever invented to efficiently allocate resources in society Just as fundamental as faith in the free market is the belief that government has a legitimate and competent role in policing and the punishment arena This curious incendiary combination of free market efficiency and the Big Brother state has become seemingly obvious but it hinges on the illusion of a supposedly natural order in the economic realm The Illusion of Free Markets argues that our faith in free markets has severely distorted American politics and punishment practicesBernard Harcourt traces the birth of the idea of natural order to eighteenthcentury economic thought and reveals its gradual evolution through the Chicago School of economics and ultimately into todays myth of the free market The modern category of liberty emerged in reaction to an earlier integrated vision of punishment and public economy known in the eighteenth century as police This development shaped the dominant belief today that competitive markets are inherently efficient and should be sharply demarcated from a governmentrun penal sphereThis modern vision rests on a simple but devastating illusion Superimposing the political categories of freedom or discipline on forms of market organization has the unfortunate effect of obscuring rather than enlightening It obscures by making both the free market and the prison system seem natural and necessary In the process it facilitated the birth of the penitentiary system in the nineteenth century and its ultimate culmination into mass incarceration today. Seller Inventory # SONG0674066162
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