The current political trend toward a drastically reduced
government role in the economy and civil society begs a thorough
discussion of the recent history of the free market movement in the
United States. By providing a history of the political
revitalization of classical liberalism since the 1960s, Bringing
the Market Back In makes a significant step in understanding this
discussion. When the market liberals came to power with the
election of Ronald Reagan, they failed to translate their economic
theories into dramatic political change. Although market liberals
had developed remarkable intellectual strengths by 1980, the
political movement to roll back the state was still in its infancy.
The Gingrich Revolution of 1994 suggests that a better test of
market liberalism's political feasibility may come in the last half
of the 1990's.
Moving beyond the political polemics so common in the arena of
contemporary economic policy, Kelley grounds his study in the
little-known archival materials from the Libertarian Party and
personal collections from the Hoover Institution Archives.
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