Thực tế ảo của kinh tế cổ điển chỉ với sự can thiệp của chính phủ trong giữa thế kỷ XIX đến cuối chất lượng cuộc sống được cải thiện hơn của thế kỷ mười lăm. Giấy thông hành faire đã không được cung cấp một dịch vụ cho nước này hoặc bất kỳ khác. | The Virtual Reality of Classical Economics was only with government intervention in the mid-to-late nineteenth century that quality of life improved beyond that of the fifteenth century. Laissezfaire has not provided a service to this country or to any other. The fact that state-planned communism is disastrous does not support the opposite extreme pure free market economics. Neither does the fact that free market economics is amenable to strict mathematical modeling given that the models bear so little resemblance to reality. Free market economics has been appealing to us just as it was previously appealing to the Dutch and the English because it provides an advantage to the economically dominant player. This is true not only in international trade but also in the domestic arena. Capital has inherent advantages and naturally wishes to protect and extend those advantages. But those advantages bear the seeds of their own destruction. Without intervention to protect the middle and lower classes a free market economy can drain money from those classes to create an extreme concentration of wealth. Historically such a concentration of wealth has destabilized societies and adversely impacted the security and standard of living of even the wealthy. This has happened again and again. Unless we remove the blinders of classical economic theory and open our eyes to this historic pattern it will happen yet again. 97 A New Economic Paradigm An Alternative Approach Free markets have played an important role. They have provided incentives for innovation and for low-cost production of desirable products. They have enforced pragmatism at the expense of ideology. They have facilitated exchange and provided a working definition of fair price. Attempts made to replace them typically by government management have come to naught. But there is a wide gap between the practical efficacy of free markets and the claims that laissezfaire necessarily maximizes the wealth of society and that .
