EAN: 9780241687888

THE ROAD TO FREEDOM - JOSEPH STIGLITZ GEBUNDEN

A major reappraisal  by the Nobel-prizewinning economist  of the relationship between
capitalism and freedom   Despite its manifest failures  the narrative of neoliberalism retains
its grip on the public mind and the policies of governments all over the world. By this
narrative  less regulation and more 'animal spirits' capitalism produces not only greater
prosperity  but more freedom for individuals in society - and is therefore morally better.  But
in The Road to Freedom Stiglitz asks  whose freedom are we - should we be - thinking about?
What happens when one person's freedom comes at the expense of another's? Should the freedoms
of corporations be allowed to impinge upon those of individuals in the ways they now do? Taking
on giants of neoliberalism such as Hayek and Friedman and examining how public opinion is
formed  Stiglitz reclaims the language of freedom from the right to show that far from 'free' -
unregulated - markets promoting growth and enterprise  they in fact reduce it  lessening
economic opportunities for majorities and siphoning wealth from the many to the few - both
individuals and countries. He shows how neoliberal economics and its implied moral system have
impacted our legal and social freedoms in surprising ways  from property and intellectual
rights  to education and social media.  Stiglitz's eye  as always  is on how we might create
the true human flourishing which should be the great aim of our economic and social system  and
offers an alternative to that prevailing today. The Road to Freedom offers a powerful
re-evaluation of democracy  economics and what constitutes a good society-and provides a
roadmap of how we might achieve it.

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