William Greider - Market Orthodoxy is Breaking Down

[zorkie]

As usual, people criticize market economics without bothering to learn how it works (hint: ignore the pundits and politicians, and pick up an econ textbook).

[robinhoodstfrancis]

Greider is a journalist and writer, whose work has been investigative and widely researched. His work debunks the abusive distortions by market anti-labor goons and thugs. "Real market economics" inadequately addresses labor management, environment, and government roles. David Korten addresses Smith's premises, for example, and Daly and Ellerman address labor management and environmental sides of corporate governance and whole cost accounting.

[ourearthhome]

As of December 2008 it does in fact look like Greider was correct about the breakdown of market orthodoxy but real market economics never included the essentially criminal practices of the financial sector including the incredible complicity of the rating agencies who rated things that never should have been rated at all. The market orthodoxy that failed and triggered the whole collapse was land speculation disguised as the housing/mortgage crisis.

[zorkie]

Has this guy read an economics textbook?

[newsfrombelow]

obviously you have not read his books...start with his book secrets of the temple....

about the federal reserve...

[lzambeni1]

Here we are in March 2009 - reading this comment makes me laugh at the smug self-righteousness of this commenter. I just saw Grieder on Bill Moyers on PBS... he's fascinating and was way ahead of the sordid bunch of "masters of the universe" .....and way ahead of this commentor.