For a long time, economists were mostly obscure academics tucked away in classrooms and libraries. Yet, in the decades after World War Two, a few would claw their way into the halls of power – and transform American life in the process.
These chapters tell the story of this astounding ascent and the repercussions it has had for our everyday lives. They trace how the often radical, market-centric ideas of thinkers like Milton Friedman, Arthur Laffer, and Walter Oi became the default ideology of so many political figures in the United States and around the world. In outlining this cultural shift, these chapters explain why governments have become so meek while corporations have become so strong.
In these chapters, you’ll learn
- what made right-wingers hate the draft; - why AT&T shared its patents; and - who made a special trip to advise the Chilean dictator Pinochet.