Free Markets Under Siege: Cartels, Politics, and Social Welfare
Richard Allen EpsteinISBN: 0817946128;
Book DescriptionProsperity through Competitive Solutions Drawing on his extensive knowledge of history, law, and economics, Richard Epstein examines how best to regulate the interface between market choice and government intervention. With clarity, force, and wit, Epstein provides an illuminating analysis of some of the ways that special interest groups, with the help of sympathetic politicians, have been able to manipulate free markets in their favor. The author focuses on two areas where government intervention has been persistent in both the United State and Western Europe?agriculture and the labor market?and tries to find a middle path between socialism and libertarianism. He reveals how the truly great social catastrophes come from a wholesale disrespect for individual liberty and a total contempt for private property?and why there should never be compensation for losses incurred through the operation of competitive markets. He shows how free...
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