Description
Book SynopsisTrade ReviewA novel and important book. Living With the Invisible Hand reveals that market arrangements, precisely like states, can be authoritarian. They direct people's choices in ways that are disrespectful of their status as free persons. Underscoring the limits of dominant views of economic life and economic agency, Hussein explores the normative and institutional requirements necessary to reconcile the existence of markets with the imperative of freedom. This will be a lasting contribution. * Chiara Cordelli, Department of Political Science, University of Chicago *
Waheed Hussain has left us with a gift — a thoughtful, compelling, original theory about markets and freedom. Human freedom in a complex market economy is not simply about having lots of economic options. Instead, Hussain offers an anti-authoritarian economic ideal, in which companies as well as government enable and respond to our judgments, rather than short-circuiting them in the name of efficiency. * Joshua Cohen, Boston Review *
Table of ContentsForeword by T.M. Scanlon Editorial Preface Preface Introduction 1. The Institutional Perspective 2. Liberal Freedom Is Not the Issue 3. Social Coordination Through a Dynamical System 4. Authoritarianism in a Coordination Mechanism 5. Reason-sensitivity, Transparency, and Trustworthiness 6. Does a Liberal Market Democracy Satisfy the Anti-Authoritarian Ideal? 7. The Dynamical View of Business Corporations 8. An Intermediated Market Arrangement Appendix: What is a Market Economy? Bibliography Index
