The Invisible Handcuffs of Capitalism reviewed in Sacramento News & Review
February 20, 1681
Michael Perelman, economics professor at CSU Chico, uses the Greek legend of Procrustes, who sadistically shortened or stretched unwary travelers to fit them on his iron bed, as a metaphor for a system that cruelly disciplines workers. In The Invisible Handcuffs of Capitalism: How Market Tyranny Stifles the Economy by Stunting Workers, Perelman shows how economic theory marginalizes workers and makes a robust case against the idea that competitive markets create freedom.