Bringing the Market Back in

This timely volume tells the fascinating story of how an almost forgotten classical liberalism resuscitated itself in America. Using educational institutions, think-tanks, foundations and the Libertarian Party, market liberals capitalized on the post-1969 crisis of Great Society liberalism to promote an alternate vision. Despite Ronald Reagan's anti-government rhetoric, the activist state survived because market liberals remained a minority, albeit a vocal one. Kelley argues that the recent 'Gingrich Revolution' will fail for the same reason. Although remaining profoundly skeptical about the modern state, Americans have yet to be persuaded by F.A. Hayek's vision of a classical liberal utopia.