The Influence of Changing Economic Realities on America's Free Market Paradigm

Abstract

This paper outlines the general framework of free market thinking in the United States and then examines the influence of current world economic realities that might bring into question our paradigm of free market activity. The author suggests that capitalism has evolved through three fundamentally different phases and in each phase different nations gained and lost economic influence. Central to the discussion of changing economic realities is the influence of technology, competition, and politics. The author concludes that the world is moving through a period of economic transition and that America's absolute allegiance to free market theory and our laissez faire approach to a formal national industrial policy may be blinding the nation to the current economic realities of our times.

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Document Details

Document Type
Technical Report
Publication Date
Apr 15, 1993
Accession Number
ADA263850

Entities

People

  • Blair A. Peterson
  • Leif Rosenberger

Organizations

  • United States Army War College

Tags

Communities of Interest

  • Biomedical
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Commerce
  • Economic Analysis
  • Economic Development
  • Economic Models
  • Economic Policy
  • Economic Systems
  • Governments
  • International Trade
  • Investments
  • Law
  • Market Economy
  • Money
  • National Governments
  • National Security
  • Organizational Structure
  • United States
  • War Colleges

Fields of Study

  • Economics

Readers

  • Economics
  • International Relations and European Studies
  • Strategic Security Studies