The Influence of Changing Economic Realities on America's Free Market Paradigm
Study project rept.
ARMY WAR COLL CARLISLE BARRACKS PA
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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 Americas 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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