Reinventing the Bazaar: A Natural History of Markets

Reinventing the Bazaar: A Natural History of Markets

by John McMillan
     
 

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ISBN-10: 0393323714

ISBN-13: 9780393323719

Pub. Date: 10/19/2003

Publisher: Norton, W. W. & Company, Inc.

Clear, insightful, and nondogmatic, this book gives us a new appreciation for one of our most ubiquitous institutions.
From the wild swings of the stock market to the online auctions of eBay to the unexpected twists of the world's post-Communist economies, markets have suddenly become quite visible. We now have occasion to ask, "What makes these institutions

Overview

Clear, insightful, and nondogmatic, this book gives us a new appreciation for one of our most ubiquitous institutions.
From the wild swings of the stock market to the online auctions of eBay to the unexpected twists of the world's post-Communist economies, markets have suddenly become quite visible. We now have occasion to ask, "What makes these institutions work? How important are they? How can we improve them?"
Taking us on a lively tour of a world we once took for granted, John McMillan offers examples ranging from a camel trading fair in India to the $20 million per day Aalsmeer flower market in the Netherlands to the global trade in AIDS drugs. Eschewing ideology, he shows us that markets are neither magical nor immoral. Rather, they are powerful if imperfect tools, the best we've found for improving our living standards. A New York Times Notable Book.

Product Details

ISBN-13:
9780393323719
Publisher:
Norton, W. W. & Company, Inc.
Publication date:
10/19/2003
Edition description:
Reprint
Pages:
388
Sales rank:
552,678
Product dimensions:
5.50(w) x 8.30(h) x 0.90(d)

Table of Contents

Prefaceix
1.The Only Natural Economy3
2.Triumphs of Intelligence15
3.He Who Can't Pay Dies27
4.Information Wants to Be Free41
5.Honesty Is the Best Policy53
6.To the Best Bidder65
7.Come Bid!75
8.When You Work for Yourself89
9.The Embarrassment of a Patent103
10.No Man Is an Island119
11.A Conspiracy against the Public136
12.Grassroots Effort148
13.Managers of Other People's Money167
14.A New Era of Competition182
15.Coming Up for Air196
16.Antipoverty Warriors211
17.Market Imperatives224
Acknowledgments231
Endnotes233
References247
Index263

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