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e-book

The Failure of Free-Market Economics (Cód: 9699247)

Martin Feil

Scribe Publications PTY LTD (Livros Digitais)

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The Failure of Free-Market Economics

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Descrição

The basic concept behind free-market economics is simple and seductive: the government should not attempt to pick winners by granting assistance to specific industries, and it should only intervene in the marketplace when there has been a substantial market failure. The only trouble with this theory - as the global economic disaster has shown - is that it is based on ideology, not evidence, and it can'apos;t withstand contact with reality.

For decades, Australia has been an enthusiastic adopter of the free-market approach. The consequences - such as mass privatisations, tariff reforms, and flexible wages and conditions - have been lauded by the booming financial sector and the political class. Unnoticed in the hubbub, though, has been the annihilation of the manufacturing sector - which has resulted in 20 years of monthly current-account deficits and a foreign debt approaching $650 billion - and an economy dominated by footloose capital and tax-averse multinationals.

Despite propaganda to the contrary, employment in Australia is now increasingly characterised by low-paid and insecure jobs in service, logistics, and retail industries.

The Failure of Free-Market Economics explains how the triumph of a fundamentally flawed economic orthodoxy has weakened the Australian economy and now threatens our future. It also offers a range of practical reforms that the author argues are essential and urgent. This is a unique perspective from a highly qualified expert who started his career inside the free-market establishment and has ended up as a 'apos;true unbeliever'apos; in its ideas.

Características

Peso 0.00 Kg
Produto sob encomenda Sim
Marca Scribe Publications PTY LTD (Livros Digitais)
Número de Páginas 288 (aproximado)
Idioma 337
Acabamento e-book
Territorialidade Internacional
Formato Livro Digital Epub
Gratuito Não
Proteção Drm Sim
Tamanho do Arquivo 316
Início da Venda 29/03/2010
Código do Formato Epub
Cód. Barras 9781925113440
Ano da Publicação 110
AutorMartin Feil