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Bazaars, Conversations and Freedom - For a Market Culture Beyond Greed and Fear (Paperback)
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Bazaars, Conversations and Freedom - For a Market Culture Beyond Greed and Fear (Paperback)
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Long before the financial meltdown and the red alert on climate
change, some far-sighted innovators diagnosed the fatal flaws in an
economic system driven by greed and fear. Across the global North
and South, diverse people - financial wizards, economists, business
people and social activists - have been challenging the "free
market" orthodoxy. They seek to recover the virtues of bazaars from
the tyranny of a market model that emerged about two centuries ago.
This widely praised book is a chronicle of their achievements. From
Wall Street icon George Soros and VISA card designer Dee Hock we
get an insider critique of the malaise. Creators of community
currencies and others, like the father of microfinance,
Bangladesh's Muhammad Yunus, explore how money can work
differently. The doctrine of self-interest is re-examined by
looking more closely at Adam Smith through the eyes of Amartya Sen.
Mahatma Gandhi's concept of 'Trusteeship' gathers strength as the
socially responsible investing phenomenon challenges the power of
capital. Pioneers of the open source and free software movement
thrive on cooperation to drive innovation. The Dalai Lama and Ela
Bhatt demonstrate that it is possible to compete compassionately
and to nurture a more mindful market culture. This sweeping
narrative takes you from the ancient Greek agora, Indian choupal,
and Native American gift culture, on to present-day Wall Street to
illuminate ideas, subversive and prudent, about how the market can
serve society rather than being its master. In a world exhausted by
dogma, Bazaars, Conversations and Freedom is an open quest for
possible futures. This fully updated and revised UK version of the
2009 Vodafone Crossword Book Award winner for non-fiction is a rare
and epic narrative about those who have been quietly forging
solutions and demonstrating that a more compassionate market
culture is both possible and desirable.
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