Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer - no Kindle device required. Learn more
Read instantly on your browser with Kindle Cloud Reader.
Using your mobile phone camera - scan the code below and download the Kindle app.
The End of Loser Liberalism: Making Markets Progressive Paperback – September 19, 2011
| Dean Baker (Author) Find all the books, read about the author, and more. See search results for this author |
Enhance your purchase
- Print length170 pages
- LanguageEnglish
- PublisherCenter for Economic and Policy Research
- Publication dateSeptember 19, 2011
- Dimensions6 x 0.39 x 9 inches
- ISBN-100615533639
- ISBN-13978-0615533636
Frequently bought together

Customers who viewed this item also viewed
Product details
- Publisher : Center for Economic and Policy Research; First Edition (September 19, 2011)
- Language : English
- Paperback : 170 pages
- ISBN-10 : 0615533639
- ISBN-13 : 978-0615533636
- Item Weight : 9.1 ounces
- Dimensions : 6 x 0.39 x 9 inches
- Best Sellers Rank: #785,516 in Books (See Top 100 in Books)
- #172 in Income Inequality
- #462 in Macroeconomics (Books)
- #659 in Economic Policy
- Customer Reviews:
About the author

Dean Baker co-founded CEPR in 1999. His areas of research include housing and macroeconomics, intellectual property, Social Security, Medicare and European labor markets. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. His blog, "Beat the Press," provides commentary on economic reporting. He received his B.A. from Swarthmore College and his Ph.D. in Economics from the University of Michigan.
His analyses have appeared in many major publications, including the Atlantic Monthly, the Washington Post, the London Financial Times, and the New York Daily News. He received his Ph.D in economics from the University of Michigan.
Dean has written several books, his latest being Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer (Center for Economic and Policy Research 2016). His other books include Getting Back to Full Employment: A Better Bargain for Working People (with Jared Bernstein, Center for Economic and Policy Research 2013), The End of Loser Liberalism: Making Markets Progressive (Center for Economic and Policy Research 2011), Taking Economics Seriously (MIT Press 2010) which thinks through what we might gain if we took the ideological blinders off of basic economic principles; and False Profits: Recovering from the Bubble Economy (PoliPoint Press 2010) about what caused — and how to fix — the current economic crisis. In 2009, he wrote Plunder and Blunder: The Rise and Fall of the Bubble Economy (PoliPoint Press), which chronicled the growth and collapse of the stock and housing bubbles and explained how policy blunders and greed led to the catastrophic — but completely predictable — market meltdowns. He also wrote a chapter ("From Financial Crisis to Opportunity") in Thinking Big: Progressive Ideas for a New Era (Progressive Ideas Network 2009). His previous books include The United States Since 1980 (Cambridge University Press 2007); The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer (Center for Economic and Policy Research 2006), and Social Security: The Phony Crisis (with Mark Weisbrot, University of Chicago Press 1999). His book Getting Prices Right: The Debate Over the Consumer Price Index (editor, M.E. Sharpe 1997) was a winner of a Choice Book Award as one of the outstanding academic books of the year.
Among his numerous articles are "The Benefits of a Financial Transactions Tax," Tax Notes Vol. 121, No. 4 (2008); "Are Protective Labor Market Institutions at the Root of Unemployment? A Critical Review of the Evidence," (with David R. Howell, Andrew Glyn, and John Schmitt), Capitalism and Society Vol. 2, No. 1 (2007); "Asset Returns and Economic Growth," (with Brad DeLong and Paul Krugman), Brookings Papers on Economic Activity (2005); "Financing Drug Research: What Are the Issues," Center for Economic and Policy Research (2004); "Medicare Choice Plus: The Solution to the Long-Term Deficit Problem," Center for Economic and Policy Research (2004); The Benefits of Full Employment (also with Jared Bernstein), Economic Policy Institute (2004); "Professional Protectionists: The Gains From Free Trade in Highly Paid Professional Services," Center for Economic and Policy Research (2003); and "The Run-Up in Home Prices: Is It Real or Is It Another Bubble," Center for Economic and Policy Research (2002).
Dean previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. He has also worked as a consultant for the World Bank, the Joint Economic Committee of the U.S. Congress, and the OECD's Trade Union Advisory Council. He was the author of the weekly online commentary on economic reporting, the Economic Reporting Review (ERR), from 1996–2006.
Customer reviews
Customer Reviews, including Product Star Ratings help customers to learn more about the product and decide whether it is the right product for them.
To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. It also analyzed reviews to verify trustworthiness.
Learn more how customers reviews work on Amazon-
Top reviews
Top reviews from the United States
There was a problem filtering reviews right now. Please try again later.
Baker does a great job of unpacking some of our assumptions about "free" markets as they operate today, and showing how government policy in the post-Reagan era has reinforced the upward distribution. "Loser" liberalism, according to his theory, rests on policies designed not to fundamentally alter the nature of this system but on short-sighted wealth transfers. Such an agenda is destined to fail because it is both inherently unpopular and ineffective as a means to truly level the playing field. A winning progressivism is about promoting policies that reward hard work at all levels and provide a decent standard of living. Such an agenda is contrary to both current strains of liberalism, which tend to fall into the "loser" trap described above, and to contemporary conservatism, which uses the cover of free marketeerism to hide that its agenda has led to the government actively moving wealth upward.
The book is relatively short and doesn't contain a fully realized policy prescription, but it does lay the groundwork for an internal dialogue among progressives and provides some good starting points. For example, he points out that liberals can criticize U.S. intellectual property law for essentially establishing a system of "government-granted monopolies" (his words) on ideas and research, suggesting that there are other, better ways for financing innovation through market mechanisms. While he provides only the bare outlines of a policy response - direct government funding of research to support free market exchange of products - it is still valuable as a starting point for further discussion.
In any event, I'm not sure that a complete progressive agenda was the goal here; rather, the book seems aimed at informing so as to spark further discussion. To that end, I think the book largely succeeds. It certainly gave me a lot to think about, and for that it earns a solid recommendation.
1) subjecting highly paid professionals to the competitive imperatives of globalization, just like workers in manufacturing are. This would include, for example, encouraging more talented, foreign doctors to immigrate to and practice in the U.S.
2) an "artistic tax voucher" to fund intellectual activities without restrictive copyrights.
3) a detailed look at work-sharing programs.
If there is one issue I have with this book, it is that some of solutions Baker portrays as "free market" policies don't quite fit the bill. For example, having the government centrally fund and direct the bulk of scientific and medical research is not, under almost any definition, a market policy. One suspects at times such as this one that Baker 's ideal goal would might something more akin to schemes of "market socialism," but that he eschews mentioning the "socialist" aspect because it is politically unpalatable.
Nevertheless, the book is absolutely wonderful, and does indeed legitimately reveal many areas of real commonality between certain goals of progressives and sincere proponents of free markets. It is worth absolutely every penny of your 99 cents, and as someone who has taught political economy at the university level, I can assure you that it is more interesting and useful than many books making the rounds on syllabi today. It would make an excellent policy companion to John Tomassi's more philosophical book "Free Market Fairness."





