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The market system has, since the eighteenth century, brought enormous gains in living standards, in contradiction to the Marxist theories that predicted capitalism's collapse. This title explains why, despite its apparent imperfections, the market system is infinitely preferable to the alternatives.
From the mid 1950s to the late 1980s, the authors battled against a conventional wisdom which was hostile to markets. They worked for the IEA. This title provides many insights into how they worked and what obstacles they encountered.
States that governments have been taking control of activities - 'public' goods, 'public' utilities, welfare and local government services - which would have been better left to the private sector. This book argues that attempts to correct market 'imperfections' have created over-government.
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