Against the Grain

Malthus, Market Fundamentalism, and Welfare’s Trajectory

The idea that human society and markets are self-regulating, and that therefore political intervention to address poverty and equality is wrong-headed, has taken over the political landscape. Fred Block shows how that idea, advanced by T. R. Malthus and much later by Charles Murray, has pushed governments to abandon safety-net protections.

Fred Block and Margaret Somers, The Power of Market Fundamentalism: Karl Polanyi’s Critique Harvard University Press, 2016

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