Fred Block’s latest book, Capitalism: The Future of an Illusion, explains how U.S. politics got caught in a loop that alternates between center-left Democrats and increasingly extreme-right Republicans.
In the book, he argues that to exit this cycle of raised hopes followed by dashed dreams, we must challenge the idea that we live in a society that operates according to its own inner laws.
The book is intended to guide readers through the reality that market societies are complex institutional hybrids and that, periodically, we must consider (despite our fears) radical economic reforms to restore a healthy society.
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Everyone should be reading The Great Transformation these days. But first they should probably read The Power of Market Fundamentalism. Frank Dobbin
The true value of the book (State of Innovation) resides in the case narratives it presents on a range of successful and unsuccessful public programs. The book is a treasure trove of ideas on how to make the strategic collaboration between private and public work better. It is a must-read for anyone interested in the state of the U.S. economy and its future prospects. Dani Rodrik
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