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Behind the alarming financial headlines is a little-known story of bad ideas. For over fifty years, economists have been developing elegant theories of how markets work. What about when markets don't work? What about when they lead to stock-market bubbles, glaring inequality, polluted rivers, real-estate crashes, and credit crunches?

In How Markets Fail, Cassidy describes the influence "utopian economics" thinking that is blind to how real people act and that denies the ways an unregulated free market can produce disastrous unintended consequences. Oil-price spikes, CEO greed cycles, and boom-and-bust waves are the inevitable outcome of self-serving behavior in a modern market setting. Cassidy looks to the leading edge of economic theory, including behavioral economics, for a new, enlightening view of our volatile global economy.

John Cassidy is a journalist at the New Yorker and a contributor to the New York Review of Books. He is the author of Dot.con: The Greatest Story Ever Sold. He lives in New York City.

Ralph Cosham (1936-2014), a.k.a. Geoffrey Howard, was a British journalist who changed careers to become a narrator and screen and stage actor. He performed in more than one hundred professional theatrical roles, and several of his narrations were named Audio Best of the Year by Publishers Weekly. He won seven AudioFile Earphones Awards, and in 2013 he won the coveted Audie Award for Best Mystery Narration for his reading of Louise Penny's The Beautiful Mystery.