Review of Industrial Organization 13: 603–607, 1998. Book Review Everything for Sale. Robert Kuttner. New York: Alfred A. Knopf, 1997, Xiii, 410 pages, $27.50 (hard cover). The reader will recognize immediately that Robert Kuttner’s book, Everything for Sale, stands in sharp contrast to much of the economic literature of the past two decades dealing with deregulation and the marketization of traditional government services. Deregulation and privatization have been actively promoted by a number of factions, most particularly Chicago School economists, Public Choice theorists, and representatives of conservative think tanks. Where evidence of market failure exists, these groups have been quick to introduce market-oriented constructs to remedy such imperfections. Kuttner believes that the free market does many things well, but he is highly critical of its acceptance as an across-the-board solution for public policy issues. He argues that the role of the free, unfettered market has been so grossly distorted by its proponents that it has produced harmful effects throughout the economy. As examples of such effects he cites the stagnation of living standards for low and middle income recipients, the growing asymmetric distribution of wealth and power, and the corrosion of social norms and values needed for a viable
Review of Industrial Organization – Springer Journals
Published: Oct 6, 2004
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