How Markets Fail: The Rise and Fall of Free Market Economics Contributor(s): Cassidy, John (Author) |
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ISBN: 1250781280 ISBN-13: 9781250781284 Publisher: Picador USA OUR PRICE: $18.00 Product Type: Paperback - Other Formats Published: June 2021 |
Additional Information |
BISAC Categories: - Business & Economics | Government & Business - Business & Economics | Economics - Macroeconomics - Business & Economics | Economic History |
Dewey: 330.122 |
LCCN: 2022275736 |
Physical Information: 1" H x 5.4" W x 8.2" (0.70 lbs) 432 pages |
Descriptions, Reviews, Etc. |
Publisher Description: In How Markets Fail, veteran New Yorker staff writer John Cassidy offers a provocative take on the misguided economic thinking that produced the 2008 financial crisis--now with a new preface addressing how its lessons remain unheeded in the present. A Pulitzer Prize FinalistAn Economist Book of the Year A Businessweek Best Book of the Year 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 this updated and expanded edition of 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 on-the-ground reporting and clear explanations of economic theories Cassidy warns that in today's economic crisis, following old orthodoxies isn't just misguided--it's downright dangerous. |