How Markets Fail: The Logic of Economic Calamities

Amazon.com Price: $15.69 (as of 11/10/2019 14:07 PST- Details)

Categories: Books, Business and Money, eBook Readers and Accessories, Economics, Education and Reference, Electronics, Government and Business, Money and Monetary Policy, Processes and Infrastructure, Subjects

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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 once they fail, once 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 may be unaware of how real other folks act and that denies the various ways an unregulated free market can bring on disaster. Combining on-the-ground reporting and clear explanations of financial theories Cassidy warns that during as of late’s economic crisis, following old orthodoxies is not only misguided―it is downright dangerous.

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How Markets Fail: The Logic of Economic Calamities

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