Algora myths of the free market phần 4

Buộc phải giảm giá của đồng peso đóng góp vào sự bần cùng hóa của tầng lớp trung lưu và lật đổ của một đảng chính trị đã cai trị trong gần một thế kỷ. (Argentina, mà cũng trung thành tôn trọng với các lệnh truyền của chính thống | Myths of the Free Market source of our progress of the past two centuries. This makes for good mythology but it is not borne out by the facts. Independently the superiority claimed for laissez faire dovetails with personal interests. The taxes collected by government hit close to home. We can easily figure out how much more disposable income we would have if we didn t have to pay taxes. By contrast the benefits provided by government are often indirect and we cannot measure how much they affect us. It is too easy to argue that we are net losers we don t get fair share for our taxes and we would be better off without government. Professional economists have their own incentive to support laissez faire. Most work for large financial corporations. These corporations employ economists to increase their profitability. A laissez faire environment free of government regulation is conducive to maximizing profits. So it is to be expected that most economists should argue for laissezfaire. Finally the mathematics of pure free markets is simpler than the mathematics of complex systems of constraints. Reflecting this academicians tend to pursue models based on pure laissezfaire. Economics departments at top universities have become pulpits for preachers of laissezfaire and breeders of free market disciples. There is a stale joke about the University of Chicago one of the best-known disseminators of free market orthodoxy. Q How many University of Chicago economists does it take to change a light bulb A None. They all sit in the dark and wait for an invisible hand to change it. Whether or not this provides a fair caricature of the Chicago School it is only reasonable to consider a rejoinder by the laissezfaire economist It may be frustrating to sit in the dark. But if you talk to people who have tried to change the bulb there is a consistent pattern. They have caused a short circuit and then called the electrician. Not only has he charged an arm and a leg but in the process of .

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