
New Books in Critical Theory
Naomi Oreskes and Erik M. Conway, "The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market" (Bloomsbury. 2023)
Apr 5, 2024
Naomi Oreskes and Erik M. Conway delve into the origins of free market ideology in 'The Big Myth'. They discuss campaigns to reshape textbooks, the influence of economists like Hayek and Friedman, and the impact of market propaganda on American policy. The podcast explores the intersection of capitalism and democracy, challenges misconceptions about Adam Smith, and examines the decline of democracy in the current political climate.
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Quick takeaways
- American business elites promoted free market ideology to undermine government intervention.
- Influential figures like Friedrich von Hayek and Milton Friedman popularized libertarian economics through strategic campaigns.
Deep dives
The Creation of Academic Advocacy for Market Fundamentalism
Starting with the climate change denial phenomenon, this episode explores the roots of market fundamentalism. The ideology of the free market is traced back to the early 20th century and its influence on denying climate science. By studying past examples like acid rain, the idea of letting the market self-regulate is challenged.
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