Government Make Markets – Word is Getting Around

Nice to be named specifically in this great essay by  about the central thesis of my last book. Here’s the key quote: “For a journalistic work aimed at a popular audience that thoroughly presents the idea of markets as creatures of government, see Alex Marshall, The Surprising Design of Market Economies (2012). Marshall notes that “[t]ypically in public discourse, we talk about markets as if the only choices are to submit to them, to regulate them, or to run from them.” Id. at 2. He later quotes approvingly from a political commentator: “’In actual fact, there is no such thing as a “free market.” Markets are the creation of government.’” Id. at 21 (quoting Thom Hartmann). Appropriately, Marshall developed his ideas in part while attending lectures at Harvard Law School—including lectures by Roberto Unger. See id. at 21–22.”

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