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Railroading Economics: The Creation of the Free Market Mythology Paperback – June 1, 2006

ISBN-13: 978-1583671351 ISBN-10: 1583671358 Edition: annotated edition

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Product Details

  • Paperback: 224 pages
  • Publisher: Monthly Review Press; annotated edition edition (June 1, 2006)
  • Language: English
  • ISBN-10: 1583671358
  • ISBN-13: 978-1583671351
  • Product Dimensions: 5.9 x 8.6 inches
  • Shipping Weight: 10.4 ounces (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #809,581 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

Michael Perelman is professor of economics at California State University at Chico, and the author of numerous books, including Steal This Idea and Railroading Economics.


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21 of 24 people found the following review helpful By Midwest Book Review on November 5, 2006
Format: Paperback
Written by Michael Perelman (Professor of Economics, California State University), Railroad Economics is an openly critical denouncement of the weaknesses in modern economic theory. Denying the prevailing belief in "pure capitalism" or "perfect competition", Railroading Economics explores how the so-called free market is always subject to numerous constraints, even in the United States. Chapters discuss the historic increase of fixed capital, the role of finance, the long-term effects of the railroad industry, the rise of "welfare capitalism" in which consolidated enterprises dared to adopt a relatively progressive attitude toward labor, the impact and legacy of the Great Depression, the Golden Age of industrial dependence, and much more. Part history lesson, part cautionary tale, and part scholarly dissection of the nuances of labor, capital, and changing perspectives within the discipline of economics, Railroading Economics is a welcome contribution to economics studies shelves.
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