Market fundamentalism
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Market fundamentalism is an exaggerated faith in the ability of unfettered laissez-faire or free market economic views or policies to solve economic and social problems. Critics of free market extremism have used the term to denote what they perceive as a misguided belief, or deliberate deception, tha free markets provide the greatest possible equity and prosperity and that any interference with the market process decreases social well being. Users of the term include adherents of interventionist mixed economy and protectionist positions, as well as capitalists such as George Soros and economists such as Nobel Laureate Joseph Stiglitz. Critics cite as fundamentalist the unshakable belief, even against the evidence, that unfettered markets maximize individual freedom, that they are the only means to economic growth and that society should adhere to their specific ideas of progress. Ideas ascribed to fundamentalists include the belief that markets tend towards a natural equilibrium, and that the best interests in a given society are achieved by allowing its participants to pursue their own financial self-interest with no or little restraint or regulatory oversight.
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GarantieWeitere Informationen
- Allgemeine Informationen
- GTIN 09786130626556
- Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
- Sprache Englisch
- Größe H220mm x B150mm x T6mm
- Jahr 2010
- EAN 9786130626556
- Format Fachbuch
- ISBN 978-613-0-62655-6
- Titel Market fundamentalism
- Untertitel Laissez- faire, Market economy, Free market, Mixed economy, Protectionism, George Soros, Neoclassical economics, Criticism of capitalism
- Gewicht 171g
- Herausgeber Alphascript Publishing
- Anzahl Seiten 104
- Genre Wirtschaft
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