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Markets Don't Fail! (Hardcover)
Loot Price: R2,507
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Markets Don't Fail! (Hardcover)
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In all of the contemporary economics textbooks that have been
written there is typically at least one chapter that addresses
"market failure." Markets Don't Fail! is a response to what author
Brian Simpson sees as a fundamental error in the thinking of some
economists. The chapter titles of this book are crafted against the
premises of "market failure" arguments, and a significant portion
of this book focuses on exposing the invalid premises upon which
the claims of market failure are based and providing a proper basis
upon which to judge the free market. The material in this book
provides a strong antidote to the arguments typically presented in
contemporary economics textbooks. Through example and argument,
Brian Simpson shows that the claims against the free market are not
true. In fact, he demonstrates how free markets succeed, how they
raise the standard of living of all individuals who live within
them, and how free markets allow human life to flourish. However,
the book goes much deeper than economics by providing a moral and
epistemological defense of the free market. Markets Don't Fail!
gets to the fundamental, philosophical reasons why the claims of
market failure are false and why markets actually succeed. Through
an integration of economics and philosophy Simpson is able to
provide a comprehensive, rigorous, and logically consistent defense
of the free market. The specific topics covered in the book include
monopoly, antitrust laws and predatory pricing, "externalities,"
the regulation of safety and quality, environmentalism, economic
inequality, "public goods," and asymmetric information. This book
is an invaluable tool for anyone who wants to gain a sound
understanding of the free market.
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