Table of contents for Railroading economics : the creation of the free market mythology / Michael Perelman.

Bibliographic record and links to related information available from the Library of Congress catalog.

Note: Contents data are machine generated based on pre-publication provided by the publisher. Contents may have variations from the printed book or be incomplete or contain other coding.


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Contents
INTRODUCTION
Setting the Stage
Confessions of a Lapsed Economist
The Conservative Rejection of Market Economics
The Forgotten Tradition of Railroad Economics
The End of Laissez Faire
Emotional Investment in the Imaginary World of Perfect Capitalism
Business and Laissez Faire
The Unsteady Support of a Competitive Economy
After Economics
The Framework of this Book
Overview
1. THE END OF ECONOMICS
What is an Economist?
Sociology of Economics
A Child's Guide to Price Theory
Marginal Costs and Economic Psychology
The Unrealistic World of Conventional Price Theory
Fixed Costs
Liquidity
2. ECONOMIC THEORY AND THE HISTORICAL INCREASE OF FIXED CAPITAL
The Reluctance to Invest in Fixed Capital
Irrationality and the Expansion of Fixed Capital
Keynes and "Animal Spirits"
More on Irrationality and Investment
Psychology of the Business Cycle
Accounting and the Quest for rational Decision Making
The Role of Recessions in Market Economics
The Paradox of Rationality
Investment and Economic Progress
3. RAILROADS AND THE INCREASE IN FIXED CAPITAL
The Historical Increase in Fixed Capital
Railroad Speculation
Accounting for profits in the Railroad Industry
The Delayed Reflection of Fixed Capital in Economic Theory
The Initial Theoretical Retreat from Laissez-Faire Theory
Henry Carey, David Wells, and Destructive Market Forces
The Economy of High Wages
David Wells and the Theory of Creative Destruction
Boom and Bust Again in the Railroad Industry
Charles Francis Adams, Jr., and Railroad Economics
The Conundrum of Railroad Economics
Hadley and the Generalization of the Railroad Problem
Hadley on the Trust Problem
Hadley's Choice: Neither Socialism nor the Market
The Corporatist School of Political Economy
Populism, Socialism and Conventional Economic Theory
The Strange Case of John Bates Clark
The Evolution of John Bates Clark
Clark Becomes Conventional
The Further Evolution of John Bates Clark
Clark's Schizophrenic Attitude toward Competition
Clark and Johann Karl Rodbertus
Clark and the Founding of the American Economic Association
Lessons from Railroad Economics
4. THE ROLE OF FINANCE
Merchants, Finance, and the Economic Climate
The Role of Financial Intermediaries
The Evolution of Financial Intermediaries
Finance Capital and the Gold Standard
The Interests of Industrial Capital
Carnegie and Productionist Management
J. P. Morgan and the Reorganization of the Market
The Dark Side of Morganization
Andrew Carnegie's Crystal Ball
Corporatist Economics and Financial Manipulations
Conflicting Versions of Laissez Faire
5. INDUSTRY TAKES COMMAND: THE RISE OF WELFARE CAPITALISM
The First Stirrings of Corporate Liberalism
War Socialism
Welfare Capitalism: An Introduction
Labor-Management Relations before Welfare Capitalism
Ford's $5 Day
Balancing Nationalities No More
The Americanization of Labor
The Strategy of Welfare Capitalism
The Economy of High Wages 
High Wages and Labor Militancy
The Rhetoric of Welfare Capitalism
The Appealing Logic of Welfare Capitalism
The Success of Welfare Capitalism
The Limits of Welfare Capitalism
6. MODERN FINANCE CAPITAL
The Eclipse of Morgan and the Temporary Decline of Finance Capital
Finance without the Dominance of Morgan
The Stock Market Bubble
Storm Clouds
7. THE DEPRESSION
Holding the Line
Or Did They Hold the Line?
The Depression and the Limits of Welfare Capitalism
United States Steel and the Limits of Corporatism
The Humiliating Capitulation of Welfare Capitalism
Hoover's Welfare Capitalism
Hoover's Disillusionment
The New Deal and the Resuscitation of War Socialism
Assessing Welfare Capitalism
The Search for Blame
Wages, Deflation and the Way Out of the Depression
The Reemergence of Financial Hegemony
8. THE GOLDEN AGE
Background to the Golden Age of Industrial Independence
Finance Capital in the Postwar Period
The Naive Optimism of the Golden Age
The End of the Golden Age
The Return of Finance Capital
Renewed Speculative Frenzy
Financial Capital versus Industrial Capital
Bureaucratic Management
The Holy Gospel of a Return to Productionism
Michael Jensen and the Critique of Managerialism
The Unproductive Labor Dissipated in Corporate Takeovers
More on How Jensen's Approach Backfired
Jensen in the Context of Economic Theory
The Spreading Influence of Financial Capital
The Exploding Cost of Financial Capital
The Legacy of Morgan
CONCLUSION
Beyond Competition
Information and Competition
The Myth of Market Rationality
Cooperation
Notes 
Index

Library of Congress Subject Headings for this publication:

Economics -- History.
Economic history.
Economics.