The Great Persuasion - Reinventing Free Markets Since the Depression

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9780674058132: The Great Persuasion - Reinventing Free Markets Since the Depression

Just as today's observers struggle to justify the workings of the free market in the wake of a global economic crisis, an earlier generation of economists revisited their worldviews following the Great Depression. The Great Persuasion is an intellectual history of that project. Angus Burgin traces the evolution of postwar economic thought in order to reconsider many of the most basic assumptions of our market-centered world. Conservatives often point to Friedrich Hayek as the most influential defender of the free market. By examining the work of such organizations as the Mont Pelerin Society, an international association founded by Hayek in 1947 and later led by Milton Friedman, Burgin reveals that Hayek and his colleagues were deeply conflicted about many of the enduring problems of capitalism. Far from adopting an uncompromising stance against the interventionist state, they developed a social philosophy that admitted significant constraints on the market. Postwar conservative thought was more dynamic and cosmopolitan than has previously been understood. It was only in the 1960s and '70s that Friedman and his contemporaries developed a more strident defense of the unfettered market. Their arguments provided a rhetorical foundation for the resurgent conservatism of Barry Goldwater and Ronald Reagan and inspired much of the political and economic agenda of the United States in the ensuing decades. Burgin's brilliant inquiry uncovers both the origins of the contemporary enthusiasm for the free market and the moral quandaries it has left behind.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Revue de presse :

"John Maynard Keynes famously insisted that ideas, not interests, matter in history. In this tremendously accomplished study, Burgin shows how a few men and their ideas exploded Keynes's own welfarist orthodoxy. And yet perhaps even Keynes would welcome the results, for ultimately Burgin suggests that no ideology, including the romance of the free market that rules today, is invulnerable to those who insist that it is wrong."--Samuel Moyn, author of The Last Utopia: Human Rights in History

"Burgin tells the story of free market theory in a masterful intellectual history that covers the 1930s to the 1970s. Keynes and the Keynesians declared laissez-faire over and done in the 1930s, Burgin observes, but 50 years later, free market economics had revived... Burgin traces the development of the principles that challenged Keynes and statism-and still do-dwelling on the profound impact of Friedrich von Hayek and Milton Friedman. He describes the astonishing and unexpected popular success of Hayek's The Road to Serfdom and traces Milton Friedman's role in popularizing free market economics... Burgin covers a complex subject clearly and free of cant." --Publishers Weekly, 31 August 2012

"In "The Great Persuasion," Angus Burgin, a young historian at Johns Hopkins University, presents an account of the 20th-century history of the free-market movement and its rise to prominence during the era of Margaret Thatcher and Ronald Reagan." --The Wall Street Journal, 18 October 2012

"In "The Great Persuasion," Angus Burgin, a young historian at Johns Hopkins University, presents an account of the 20th-century history of the free-market movement and its rise to prominence during the era of Margaret Thatcher and Ronald Reagan." --The Wall Street Journal, 18 October 2012

"It is, of course, very rare for technical economists to marry spectacular public adulation with real world impact, but understanding how this happened, and explaining why it was possible, is the subject of Angus Burgin's fluid, intellectually supple book. It tells the story of how Friedman and the Friedmanics captured the language of neoliberalism, showing how otherwise frankly utopian mantras about smart markets versus dumb governments were in fact the culmination of a whole series of earlier intramural arguments abut the moral and conceptual underpinnings of capitalist societies that began in the aftermath of the First World War." --Duncan Kelly, TLS, 31/05/2013

Biographie de l'auteur :

Angus Burgin is Assistant Professor of History at Johns Hopkins University.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

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