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New Books in Critical Theory cover image

Naomi Oreskes and Erik M. Conway, "The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market" (Bloomsbury. 2023)

New Books in Critical Theory

NOTE

Gaining Intellectual Credibility in Argumentation

Until the 1940s, the American business sector struggled in public opinion due to issues like child labor, low wages, and lack of workers' rights support. To enhance their arguments' credibility, they sought help from European intellectuals like Ludwig von Mises and Friedrich von Hayek. This move was crucial as it aligned with the Austrian School of Economics' principles of market trust over government intervention. Despite previously denouncing foreign theories like socialism, these individuals imported sympathetic European theorists to the US to promote their views, highlighting the irony of their stance.

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