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Most economic theory assumes a pure capitalism of perfect competition. Even when it is recognised that this does not exist, many politicians and captains of industry pay a great deal of lip service to the idea of the market. This text goes beyond the rhetoric to explore how, even in America, the market has always been subjected to numerous constraints.
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Most economic theory assumes a pure capitalism of perfect competition. Even when it is recognised that this does not exist, many politicians and captains of industry pay a great deal of lip service to the idea of the market. This text goes beyond the rhetoric to explore how, even in America, the market has always been subjected to numerous constraints.
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