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How The "Big Myth" That Markets Will Solve Everything Was Foisted on the World

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Sinopsis

Naomi Oreskes is a historian of science at Harvard University. Erik M. Conway works as the historian at NASA's Jet Propulsion Laboratory. Together they have just published The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market. We've talked a lot on this program about that failures of neoclassical economics and the myth of the pristine free market whose great Invisible Hand delivers justice to all. But Oreskes and Conway are historians of science rather than economists, so they are interested in where these damaging ideas came from. How did the "neoliberal consensus" actually form and why? How was the belief in New Deal principles destroyed over time? Oreskes and Conway showcase the formidable power of propaganda in changing the course of history. In this episode, we discuss both the origins of the "big myth" and somewhat more theoretical questions about how we can actually measure the effects of particular historical propaganda efforts. Oreskes and Conway are also the aut