Everything for Sale. Robert Kuttner.

Everything for Sale. Robert Kuttner. 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 http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Everything for Sale. Robert Kuttner.

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 1998 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1007776032232
Publisher site
See Article on Publisher Site

Abstract

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

Journal

Review of Industrial OrganizationSpringer Journals

Published: Oct 6, 2004

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