Reinventing the Bazaar: A Natural History of Markets / Edition 1by John McMillan
Pub. Date: 05/20/2002
Publisher: Norton, W. W. & Company, Inc.
In something akin to a nature walk, John McMillan takes
From eBay to the stock market to the unexpected twists of the world's post-communist economies, market structure has suddenly become quite visible. We have occasion to wonder, "What makes markets work? How important are they? What can we do to improve them? And how can we harness them to other applications?"
In something akin to a nature walk, John McMillan takes us on a guided tour, pointing out features of the landscape we rarely notice. With examples ranging from a camel trading fair in India to the $20 million per day Aalsmeer flower market to the global trade in AIDS drugs, McMillan shows us markets in all their varieties -- the small and the large, the simple and the overwhelmingly complex, the successful and the unsuccessful. Further, he brings them together to show how these markets combine to form the global economy.
Markets provoke clashing opinions. Critics denounce them as the source of exploitation and poverty. Extreme proponents extol them as the font of liberty and prosperity. Eschewing ideology, McMillan spells out why markets are neither magical nor immoral, but rather imperfect yet vitally important tools. They can fail, and often do, but they represent the best way we've discovered thus far for improving our living standards.
- Norton, W. W. & Company, Inc.
- Publication date:
- Edition description:
- Product dimensions:
- 6.48(w) x 9.60(h) x 1.05(d)
Table of Contents
|1.||The Only Natural Economy||3|
|2.||Triumphs of Intelligence||15|
|3.||He Who Can't Pay Dies||27|
|4.||Information Wants to Be Free||41|
|5.||Honesty Is the Best Policy||53|
|6.||To the Best Bidder||65|
|8.||When You Work for Yourself||89|
|9.||The Embarrassment of a Patent||103|
|10.||No Man Is an Island||119|
|11.||A Conspiracy against the Public||136|
|13.||Managers of Other People's Money||167|
|14.||A New Era of Competition||182|
|15.||Coming Up for Air||196|
and post it to your social network
Most Helpful Customer Reviews
See all customer reviews >