The Inner Lives of Markets: How People Shape ThemÑAnd They Shape Us

The Inner Lives of Markets: How People Shape ThemÑAnd They Shape Us
ISBN-10
1610394925
ISBN-13
9781610394925
Category
Business & Economics
Pages
226
Language
English
Published
2016-06-07
Publisher
Public Affairs
Authors
Tim Sullivan, Ray Fisman

Description

In the 21st century, markets in which competing sellers and multiple buyers meet face-to-face and haggle over prices are increasingly rare; that's the classic free market model guided by an invisible hand. Instead, platforms like eBay are emerging in ever-increasing numbers, transforming marketplaces and replacing the invisible hand with customized interactions among participants. In this enlightening travelogue of markets and economic theories, authors Ray Fisman and Tim Sullivan use a breezy, anecdotal style to illuminate how people make decisions in their day-to-day economic lives in this newly emerging world. getAbstract recommends this intriguing overview to general readers as well as to executives and investors.

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