Title: The Myth of the Free Market: The Role of the State in a Capitalist Economy
Author: Mark A. Martinez
ISBN-10: 1565492676
ISBN-13: 9781565492677
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 subsequent bailouts. Mark Martinez describes how the flawed myth of the “invisible hand” distorted our understanding of how modern capitalist markets developed and actually work.
