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How Markets Work and Fail, and What to Make of Them (Paperback)
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How Markets Work and Fail, and What to Make of Them (Paperback)
Series: New Horizons in Institutional and Evolutionary Economics series
Expected to ship within 12 - 17 working days
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This book provides a scathing antidote to the standard propositions
made by economists about how wonderful market organization is. At
the same time the criticism is balanced and recognizes well the
advantages of market organization for certain kinds of goods and
services. Bart Nooteboom is one of the broadest, and sharpest,
social scientists writing today, and this book is vintage
Nooteboom' - Richard R. Nelson, Columbia University, USIn this
thought-provoking book, Bart Nooteboom offers a radical critique of
the principal intellectual and moral assumptions underlying
economic science, unravelling the notion of markets: how they work
and fail, and how they may be redirected to better serve us.
Initially, the inadequacy of economic science in the wake of recent
financial and economic crises is outlined. Few economists predicted
the crises and subsequent economic thought has been nebulous,
failing to apprize guidance, understanding and prevention for the
future. Established practices in finance and business continue
regardless, and confusion has bred among policy makers, the public,
and even economists on what markets actually are. Bart Nooteboom
employs an Aristotelian virtue ethic, with a view to multiple
dimensions of 'the good life', upturning the utilitarian ethic that
dominates economic science and modern politics. The critique makes
a corrective-turn, transforming economic thought into an
integrative, ethical and interdisciplinary behavioral science of
markets. Nooteboom's interdisciplinary approach makes this book an
appealing read to economists, sociologists and political scientists
with an interest in market processes. People concerned about how
markets are developing and policy makers will welcome this topical
work to gain fresh insights into collaborative and ethical market
policy. This timely book will vitalize debate about markets, what
they do and how they may work better. Contents: 1. Introduction 2.
Foundations of markets 3. How markets work and fail 4. Variety of
industries 5. Hybrids and examples 6. Alternatives Index
General
Imprint: |
Edward Elgar Publishing Ltd
|
Country of origin: |
United Kingdom |
Series: |
New Horizons in Institutional and Evolutionary Economics series |
Release date: |
August 2015 |
Authors: |
Bart Nooteboom
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Dimensions: |
234 x 156 x 11mm (L x W x T) |
Format: |
Paperback
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Pages: |
192 |
ISBN-13: |
978-1-78347-757-9 |
Categories: |
Books >
Business & Economics >
Economics >
Economic theory & philosophy
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LSN: |
1-78347-757-1 |
Barcode: |
9781783477579 |
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