Taking “free markets” from rhetoric to reality
For three decades free-market leaders have tried to reverse longstanding Keynesian economic policies, but have only produced larger government, greater debt, and more centralized economic power. So how can we achieve a truly free-market system, especially at this historical moment when capitalism seems to be in crisis?
The answer, says John C. Médaille, is to stop pretending that economics is something on the order of the physical sciences; it must be a humane science, taking into account crucial social contexts. Toward a Truly Free Marketargues that any attempt to divorce economic equilibrium from economic equity will lead to an unbalanced economy—one that falls either to ruin or to ruinous government attempts to redress the balance.
Médaille makes a refreshingly clear case for the economic theory—and practice—known as distributism. Unlike many of his fellow distributists, who argue primarily from moral terms, Médaille enters the economic debate on purely economic terms. Toward a Truly Free Marketshows exactly how to end the bailouts, reduce government budgets, reform the tax code, fix the health-care system, and much more.
What They're Saying...
"It represents the best alternative economic thinking in a long time. Not all of its prescriptions will go unchallenged, but it is a rich contribution to the debate."
—The American Conservative
"Refreshing as it is groundbreaking. Medaille traces the root causes of our economic crisis and explores the Distributist blueprint needed to regain what civilization has lost: the political economy."
—Saint Austin Review