How Markets Fail: The Logic of Economic Calamities

How Markets Fail: The Logic of Economic Calamities

John Cassidy


For fifty years, economists were constructing stylish theories or how markets facilitate innovation, create wealth, and allocate society's assets successfully. yet what approximately after they fail, once they lead us to inventory industry bubbles, obtrusive inequality, polluted rivers, and credits crunches? In How Markets Fail, John Cassidy describes the emerging impact of "utopian economies"―the considering that's unaware of how actual humans act and that denies the numerous methods an unregulated unfastened marketplace can bring about catastrophe. Combining on-the-ground reporting and transparent motives of financial theories Cassidy warns that during contemporary monetary main issue, following previous orthodoxies is not only misguided―it's downright dangerous.

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