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Truly Free Market Capitalism

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Truly Free Market Capitalism Adam Smith's Wealth of Nations (1776) has laid the foundation for \"free market capitalism.\" This foundation has been buttressed recently by Gary Gorton, a professor at Yale School of Management, his book on Slap of Invisible Hands (god) published by the...

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Truly Free Market Capitalism

Adam Smith's Wealth of Nations (1776) has laid the foundation for "free market capitalism." This foundation has been buttressed recently by Gary Gorton, a professor at Yale School of Management, his book on Slap of Invisible Hands (god) published by the Oxford University Press. This book corroborates Adam Smith to paint financial catastrophes like the Great Depression and the Great Recession as god. Such tomes have been eulogized by the guardians of free market capitalism, known as the Masters the Universe, the government regulators and academic experts of economics and finance.

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