Everything for Sale (Magill’s Literary Annual 1991-2005)
At a glance:
- Author: Robert Kuttner
- First Published: 1997
- Type of Work: Current affairs
- Principal Characters: Adam Smith, Joseph Schumpeter, John Maynard Keynes
- Genres: Nonfiction, Economics
- Subjects: Values, Politics, Medicine, Health, Money, Capitalism, Democracy, Consumers or consumer rights, Labor, Rationalism, Economic policy, Airlines, Markets
At one end of the spectrum of market types is a pure free market capitalist system, with no government interference in economic transactions. At the other end is a pure socialist system, in which the government owns all means of production and makes all decisions related to production. Neither pure type has ever existed. Governments of one sort or another—from tribal leaders to elected or appointed officials—have always imposed some rules on the marketplace, and individuals have always maintained some control over economic decisions.
Policymakers of the late twentieth century...
[The entire page is 1987 words long]
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