Ideology and Myths

Joseph Shaanan

Chapter Chapter 3 in Economic Freedom and the American Dream, 2010, pp 27-39 from Palgrave Macmillan

Abstract: Abstract Examined in this chapter are some key features of the American political economy. The relationship between political and economic freedom is discussed, particularly contemporary tensions between democracy and large economic organizations. The concept of a free market is explored and how the common description that appears to rationalize corporate power in both politics and the economy differs from Adam Smith’s original insight. Also reviewed is the laissez-faire revival of the past 30 years and, not unrelated, why Americans are amenable to corporate capitalism.

Keywords: Free Market; Economic Freedom; Large Corporation; Political Freedom; Perfect Competition (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-10223-1_3

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DOI: 10.1057/9780230102231_3

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