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Item Details
| Title:
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THE FAILURE OF FREE-MARKET ECONOMICS,
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| By: |
Martin Feil, John Spooner (Illus) |
| Format: |
Paperback |
| List price:
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£14.99 |
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We believe that this item is permanently unavailable, and so we cannot source
it.
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| ISBN 10: |
1921215542 |
| ISBN 13: |
9781921215544 |
| Publisher: |
SCRIBE PUBLICATIONS |
| Pub. date: |
29 March, 2010 |
| Pages: |
272 |
| Description: |
Explains how the triumph of a fundamentally flawed economic orthodoxy has weakened the Australian economy and now threatens our future. Employment in Australia is now increasingly characterised by low-paid and insecure jobs in service, logistics, and retail industries. Also offers a range of practical reforms. |
| Synopsis: |
The basic concept behind free-market economics was simple and seductive- the government should not attempt to pick winners by granting assistance to specific industries, and it should only intervene in the market in circumstances where there has been a substantial market failure. The only trouble with this theory - - as the global economic disaster has shown - is that it is based on ideology, not evidence, and that it can't withstand contact with reality. For decades, Australia has been an enthusiastic adopter of this approach. The consequences - such as mass privatisations, tariff reforms, and flexible wages and conditions - have been lauded by the booming financial sector and the political class. Unnoticed in the hubbub, though, has been the annihilation of the manufacturing sector - which has resulted in 20 years of monthly current-account deficits and a foreign debt approaching $650 billion - and an economy dominated by footloose capital and tax-averse multinationals. Despite propaganda to the contrary, employment in Australia is now increasingly characterised by low-paid and insecure jobs in service, logistics, and retail industries.The Failure of Free-Market Economics explains how the triumph of a fundamentally flawed economic orthodoxy has weakened the Australian economy and now threatens our future. It also offers a range of practical reforms that the author argues are essential and urgent. This is a unique perspective from a highly qualified expert who started his career inside the free-market establishment and has ended up as a 'true unbeliever' in its ideas. |
| Publication: |
Australia |
| Imprint: |
Scribe Publications |
| Returns: |
Returnable |
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