Markets and Regulations are Figure and Ground

By: Sunday February 23, 2014 10:30 am

We sure don’t want the marks to participate in rule-making, now do we? That might impact the profits of the filthy rich, and we can’t have that.


Free Markets for Rubes

By: Sunday February 16, 2014 10:46 am

This free market crap is for the rubes. Don’t be a rube.

The Myth of Efficient Markets

By: Sunday January 26, 2014 10:30 am

It must be some kind of quasi-religious fervor that deadens people to the reality slapping them in the face, rapt in their ecstatic vision of perfection without cost.

FDL Book Salon Welcomes Bernard Harcourt, The Illusion of Free Markets: Punishment and the Myth of Natural Order

By: Sunday July 24, 2011 1:59 pm

It is a pleasure and an honour to introduce Professor Bernard Harcourt to the Lake for a discussion of The Illusion of Free Markets: Punishment and the Myth of the Natural Order. The book advances several claims that go to the heart of libertarian ideology. For FDL readers probably the most important claim holds that belief in the efficacy of unregulated markets naturally to secure maximum economic and social well-being has as its counterpart the assertion that the role of government is properly confined to the spheres of criminal justice, national defense, and the protection of private property. Harcourt considers it no coincidence (Comrade, as we used to say in my cell), that the nation where free-market ideology is most pervasive has the world’s highest rates of penal incarceration by an order of magnitude, and that the rising incarceration rate since the mid-1970s is synchronous with the ascendance of an exceptionally rabid free-market ideology.

There is a deeper set of intellectual issues at play, however. What exactly do we mean by ’free markets’?

Sunday Talking Heads: July 24, 2011

By: Sunday July 24, 2011 2:00 am

Surprise! We have the debt ceiling looming, some bipartisaniness and a dash of equal marriage.

Stop back for FDL Book Salon, The Illusion of Free Markets, and Monday’s movie, Florent “Queen Of The Meat Market.”

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