Economists have provided capitalists with a comforting concept called the free market. It does not describe any part of reality, at any place or time. It’s a mantra conveniently invoked when it is proposed that government do something the faithful don’t like, and just as conveniently ignored whenever they want government to do something for them.
Economists have provided capitalists with a comforting concept called the free market. It does not de…
Edward Herman
Edward Samuel Herman (April 7, 1925 – November 11, 2017) . He wrote extensively on economics, political economy, foreign policy, and media analysis. Among his books are The Political Economy of Human Rights (2 vols, with Noam Chomsky, South End Press, 1979); Corporate Control, Corporate Power (Cambridge University Press, 1981); The "Terrorism" Industry (with Gerry O'Sullivan, Pantheon, 1990); The Myth of the Liberal Media: An Edward Herman Reader (Peter Lang, 1999); and Manufacturing Consent (with Noam Chomsky, Pantheon, 1988 and 2002). In addition to his regular "Fog Watch" column in Z Magazine, he edited a web site, inkywatch.org, that monitors the Philadelphia Inquirer.