How Markets Fail: The Logic of Economic Calamities,New

How Markets Fail: The Logic of Economic Calamities,New

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SKU: DADAX0312430043
UPC: 9780312430047
Brand: Picador
Condition: New
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For fifty years, economists have been developing elegant theories or how markets facilitate innovation, create wealth, and allocate society's resources efficiently. But what about when they fail, when they lead us to stock market bubbles, glaring inequality, polluted rivers, and credit crunches? In How Markets Fail, John Cassidy describes the rising influence of 'utopian economies'the thinking that is blind to how real people act and that denies the many ways an unregulated free market can bring on disaster. Combining ontheground reporting and clear explanations of economic theories Cassidy warns that in today's economic crisis, following old orthodoxies isn't just misguidedit's downright dangerous.

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