Conrad P. Waligorski - Böcker

This text focuses on the theme of liberal economists, linked to debates over America's future. Collectively, these thinkers represent a counter tradition to free market philosophy, advocating instead, regulation against the erosion of political and social institutions.

It’s difficult to overstate the impact of conservative economics on American life. The conservative thought of economists like Milton Friedman, James Buchanan, and Friedrick Hayek has provided the conceptual framework that undergirds nearly every aspect of current U.S. social-economic policy. Although a great deal has been written about the economic theories of these Nobel Prize-winning economists, this study is the first to examine the political theory that underlies conservative economics and its implications for public policy.Long associated with the “Chicago” and “public choice” schools of thought, Friedman, Buchanan, Hayek, and others have consistently repudiated Keynesian principles. They have steadfastly opposed social welfare policies and regulation of private enterprise, championing instead the free market as a mechanism for ordering society.In this book Conrad Waligorski analyzes the political content of the conservative economists’ arguments. In so doing, he illuminates the political, economic, and philosophical ideas behind and justification for the laissez-faire policy—the reduced regulation, intervention, and welfare favored by conservative governments in the United States, Canada, and Britain.

John Kenneth Galbraith: The Economist as Political Theorist is a comprehensive analysis of John Kenneth Galbraith's political economy, placing him within the development and evolution of twentieth century American liberalism. This book examines the continuing link between politics and economics in American political discourse by locating Galbraith in a framework of liberal and conservative theory, controversy, alternatives, and policy. By analyzing Galbraith's complex arguments, Waligorski addresses important issues about the content and nature of American political thought and policy conflict—including freedom, equality, inequality, individualism, democracy, the legitimate role of government, the nature of a good society, the structure of modern capitalism, and the failure of contemporary economic theory to serve as a guide to a better life. Many of the issues that drive contemporary politics today are simultaneously political, economic, and ideological. As an economist, political theorist, and cultural critic, Galbraith epitomizes this interconnection.