University of California Press
Capitalism: The Future of an Illusion
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- Fred L Block
- University of California Press
- Paperback
- 9780520283237
- 8.2 X 5.5 X 0.7 inches
- 0.65 pounds
- Business & Economics > Free Enterprise & Capitalism
- English
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Book Description
Virtually everyone--left, right, and center--believes that capitalist economies are autonomous, coherent, and regulated by their own internal laws. This view is an illusion. The reality is that economies organized around the pursuit of private profit are contradictory, incoherent, and heavily shaped by politics and governmental action. But the illusion remains hugely consequential because it has been embraced by political and economic elites who are convinced that they are powerless to change this system. The result is cycles of raised hopes followed by disappointment as elected officials discover they have no legitimate policy tools that can deliver what the public wants. In Capitalism, leading economic sociologist Fred L. Block argues that restoring the vitality of the United States and the world economy can be accomplished only with major reforms on the scale of the New Deal and the post-World War II building of new global institutions.
Capitalism: The Future of an Illusion
Author Bio
Fred Block specializes in economic sociology and political sociology. He also leads the Center for Engaged Scholarship that provides fellowship support for Ph.D. students in the social sciences whose work has the potential to make U.S. society more egalitarian, more democratic, and more environmentally sustainable.
Research Interests
Block’s recent writing focuses on innovation in the U.S. economy, the intellectual legacy of Karl Polanyi, and the critique of free market economics.
Education
- Ph.D., University of California, Berkeley
- B.A., Columbia College, New York City
Source: University of California, Davis - Department of Sociology
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