The Perverse Economy

The purpose of this text is to call for a wholesale rethinking of the way that markets treat both the labour and natural resources on which we all depend. It reveals how economic analysis justifies self-defeating policies that encourage wanton use of the environment and callous abuse of the least advantaged labourers. From Adam Smith to the beginning of the 21st century, economic theory has short-changed the workers most crucial to the functioning of human life and offered skewed views of scarcity and extraction. Perelman shows how this approach has produced a discipline in which its followers' models and representations of the world around them are so removed from reality that continuing to abide by them would jeopardize both human capabilities and nature itself.