
The Invisible Handcuffs of Capitalism reviewed in Sacramento News & Review
Michael Perelman, economics professor at CSU Chico, uses the Greek legend of Procrustes, who sadistically shortened or stretched unwary travelers to fit them on his iron bed, as a metaphor for a system that cruelly disciplines workers. In The Invisible Handcuffs of Capitalism: How Market Tyranny Stifles the Economy by Stunting Workers, Perelman shows how economic theory marginalizes workers and makes a robust case against the idea that competitive markets create freedom. | more…