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International finance --- International economic relations --- Monetary policy --- Finances internationales --- Relations économiques internationales --- Politique monétaire --- United States --- Etats-Unis --- Foreign economic relations --- Relations économiques extérieures --- 339.73 --- -Monetary management --- Economic policy --- Currency boards --- Money supply --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- International relations --- Economic sanctions --- Organisatie van internationaal betalingsverkeer. Bretton woods. --- Foreign economic relations. --- -Organisatie van internationaal betalingsverkeer. Bretton woods. --- 339.73 Organisatie van internationaal betalingsverkeer. Bretton woods. --- -Economic policy, Foreign --- Monetary management --- Relations économiques internationales --- Politique monétaire --- Relations économiques extérieures --- International monetary system --- International money --- Finance --- Organisatie van internationaal betalingsverkeer. Bretton woods

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Virtually everyone-left, right, and center-believes that capitalist economies are autonomous, coherent, and regulated by their own internal laws. This view is an illusion. The reality is that economies organized around the pursuit of private profit are contradictory, incoherent, and heavily shaped by politics and governmental action. But the illusion remains hugely consequential because it has been embraced by political and economic elites who are convinced that they are powerless to change this system. The result is cycles of raised hopes followed by disappointment as elected officials discover they have no legitimate policy tools that can deliver what the public wants. In Capitalism, leading economic sociologist Fred L. Block argues that restoring the vitality of the United States and the world economy can be accomplished only with major reforms on the scale of the New Deal and the post-World War II building of new global institutions.

Globalization --- Capitalism --- Economic aspects. --- United States --- Economic policy. --- Politics and government. --- american capitalism. --- business. --- capital. --- capitalism. --- capitalist economy. --- capitalist system. --- change the system. --- economic determinism. --- economic development. --- economic policy. --- economic sociology. --- economics. --- economy. --- free enterprise. --- global institutions. --- governmental action. --- governments and governing. --- major reforms. --- money. --- policy tools. --- political elites. --- political theory. --- politics. --- private profit. --- profit. --- sociology. --- the new deal. --- united states of america. --- wealth and poverty. --- wealth. --- world economy.

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Virtually everyone--left, right, and center--believes that capitalist economies are autonomous, coherent, and regulated by their own internal laws. This view is an illusion. The reality is that economies organized around the pursuit of private profit are contradictory, incoherent, and heavily shaped by politics and governmental action. But the illusion remains hugely consequential because it has been embraced by political and economic elites who are convinced that they are powerless to change this system. The result is cycles of raised hopes followed by disappointment as elected officials discover they have no legitimate policy tools that can deliver what the public wants. In Capitalism, leading economic sociologist Fred L. Block argues that restoring the vitality of the United States and the world economy can be accomplished only with major reforms on the scale of the New Deal and the post-World War II building of new global institutions.

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What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred Block and Margaret Somers extend the work of the great political economist Karl Polanyi to explain why these ideas have revived from disrepute in the wake of the Great Depression and World War II, to become the dominant economic ideology of our time. Polanyi contends that the free market championed by market liberals never actually existed. While markets are essential to enable individual choice, they cannot be self-regulating because they require ongoing state action. Furthermore, they cannot by themselves provide such necessities of social existence as education, health care, social and personal security, and the right to earn a livelihood. When these public goods are subjected to market principles, social life is threatened and major crises ensue. Despite these theoretical flaws, market principles are powerfully seductive because they promise to diminish the role of politics in civic and social life. Because politics entails coercion and unsatisfying compromises among groups with deep conflicts, the wish to narrow its scope is understandable. But like Marx's theory that communism will lead to a "withering away of the State," the ideology that free markets can replace government is just as utopian and dangerous.

Economics -- History. --- Economics -- Sociological aspects -- History. --- Free enterprise -- History. --- Polanyi, Karl, -- 1886-1964. --- Free enterprise --- Economics --- Business & Economics --- Economic Theory --- History --- History. --- Sociological aspects --- Polanyi, Karl, --- Economic theory --- Political economy --- Polányi, Károly, --- Social sciences --- Economic man --- Sociological aspects&delete& --- E-books --- Libre empresa --- Economía --- Historia --- Aspectos sociológicos