The Temporary Victory and Ultimate Failure of Free Market Rationalism

Ross McDonald

Management and Labour Studies, 1999, vol. 24, issue 3, 162-171

Abstract: The virtues of the free market are everywhere extolled today. Yet, in fact, a blind application of free market ideas and a dismantling of government controls has led to disaster and misery for millions. The article shows how the New Right, advocating the free market, has abandoned ethics, social concern and even rationality. In the end, however, rationality is bound to reassert itself.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:sae:manlab:v:24:y:1999:i:3:p:162-171

DOI: 10.1177/0258042X9902400302

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