The Economists' Hour | Binyamin Appelbaum

Descriere

As the post-World War II economic boom began to falter in the late 1960s, a new breed of economists gained in influence and power. Over time, their ideas curbed governments, unleashed corporations and hastened globalization.Their fundamental belief? That governments should stop trying to manage the economy.Their guiding principle? That markets would deliver steady growth and broad prosperity.But the economists’ hour failed to deliver on its premise. The single-minded embrace of markets has come at the expense of economic equality, of the health of liberal democracy, and of future generations.…