How Markets Fail: The Logic of Economic Calamities

How Markets Fail: The Logic of Economic Calamities
ISBN-10
0141036516
ISBN-13
9780141036519
Category
Banks and banking
Pages
409
Language
English
Published
2010
Publisher
Penguin Books
Author
John Cassidy

Description

How did we get to where we are? John Cassidy shows that the roots of our most recent financial failure lie not with individuals, but with an idea - the idea that markets are inherently rational. He gives us the big picture behind the financial headlines, tracing the rise and fall of free market ideology from Adam Smith to Milton Friedman and Alan Greenspan. Full of wit, sense and, above all, a deeper understanding, How Markets Fail argues for the end of 'utopian' economics, and the beginning of a pragmatic, reality-based way of thinking.

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