Debunking Neosocialism

In this article, the author reviews in detail Christopher Snowdon’s recent monograph Selfishness, Greed, and Capitalism: Debunking Myths about the Free Market. In the book, Snowdon sets about to debunk a number of distortions of—and outright myths about—free market economics. The distortions include strawmen such as the claim that free market economics assumes all people are motivated solely by selfish greed. The myths include views such as the Easterlin Paradox. The author suggests a number of ways Snowdon’s analysis could have been improved.