The truth about markets
their genius, their limits, their follies
- ISBN: 9780713994896
- Editorial: Allen Lane Publishers
- Fecha de la edición: 2003
- Lugar de la edición: London. Reino Unido
- Encuadernación: Cartoné
- Medidas: 24 cm
- Nº Pág.: 478
- Idiomas: Inglés
We live, now more than ever before, in a world made of markets. How do they work? Why do they work? Why are they better than alternative systems of organizing economics? And why, sometimes, do they fail so catastrophically? This accessible book explains the big questions of contemporary economics. John Kay uses storytelling to show that markets cannot be detached from the societies in which they are based. ÍNDICE: The issues: welcome to the world of Bloomberg television people figures how rich states became rich. The structure of economic system: production and exchange assignment central planning pluralism spontaneous order. Perfectly competitive markets: competitive markets markets in risk markets in money general equilibrium efficiency. The truth about markets: neoclassical economics and after rationality and adaptation information risk in reality co-operation co-ordination the knowledge economy. How it all works out: poor states stay poor who gets what? places. Political economy: the American business model beyond the American business model teh embedded market the framework of economic policy a primer in economic policy.
