Free Market economics and Madrick's "Seven Bad Ideas"
I recently finished reading Jeff Madrick's Seven Bad Ideas. The book is written by an economist who supports the kinds of policies used during the 1950s and 1960s, and presents data critical of more recent "free market"-oriented policies. Within the context of discussing the merits of 1960s policies versus 2010s policies, there's plenty of information. However, you won't see efforts to look beyond these horizons. Readers who have limited knowledge of the underpinning of conservative / "free market" economic policies may appreciate the issues being divided into seven "bad ideas." However, there's considerable overlap between a number of them. One says individual selfish business transactions will result in a beneficial global economy. Another says the economy is self-correcting. Another says little government involvement is needed or desirable... The book provides historical examples and shows that much of free market claims are si...