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The Invisible Handcuffs of Capitalism: How Market Tyranny Stifles the Economy by Stunting Workers

Michael Perelman




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 | #1329437 in Books |  Monthly Review Press |  2011-01-01 |  2011-01-01 | Original language:English | PDF # 1 |  8.22 x.91 x5.57l,.90 | File type: PDF | 280 pages

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||15 of 16 people found the following review helpful.| Great book, easy to understand.|By B. G.|The problem I've found with a good number of books on the subject of economics is that they tend to be fairly dense and contain glaring omissions. It's always seemed to me that, despite its' insistence to the contrary, if economics is a science, it's a very shoddy one. In general, it doesn't take into account workers or working conditi| ||“The book leads to a good understanding of why markets fail, and how, knowing that, economists continue to teach the lie that the best of all possible worlds will flow from letting the market decide everything.”|-Eugene Coyle,Economics Consultant

Mainstream, or more formally, neoclassical, economics claims to be a science. But as Michael Perelman makes clear in his latest book, nothing could be further from the truth. While a science must be rooted in material reality, mainstream economics ignores or distorts the most fundamental aspect of this reality: that the vast majority of people must, out of necessity, labor on behalf of others, transformed into nothing but a means to the end of maximum profits for thei...

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