Everything for Sale: The Virtues and Limits of Markets / Edition 1

Everything for Sale: The Virtues and Limits of Markets / Edition 1

ISBN-10:
0226465551
ISBN-13:
9780226465555
Pub. Date:
05/28/1999
Publisher:
University of Chicago Press
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Overview

Everything for Sale: The Virtues and Limits of Markets / Edition 1

In this highly acclaimed, provocative book, Robert Kuttner disputes the laissez-faire direction of both economic theory and practice that has been gaining in prominence since the mid-1970s. Dissenting voices, Kuttner argues, have been drowned out by a stream of circular arguments and complex mathematical models that ignore real-world conditions and disregard values that can't easily be turned into commodities. With its brilliant explanation of how some sectors of the economy require a blend of market, regulation, and social outlay, and a new preface addressing the current global economic crisis, Kuttner's study will play an important role in policy-making for the twenty-first century.

"The best survey of the limits of free markets that we have. . . . A much needed plea for pragmatism: Take from free markets what is good and do not hesitate to recognize what is bad."—Jeff Madrick, Los Angeles Times

"It ought to be compulsory reading for all politicians—fortunately for them and us, it is an elegant read."—The Economist

"Demonstrating an impressive mastery of a vast range of material, Mr. Kuttner lays out the case for the market's insufficiency in field after field: employment, medicine, banking, securities, telecommunications, electric power."—Nicholas Lemann, New York Times Book Review

"A powerful empirical broadside. One by one, he lays on cases where governments have outdone markets, or at least performed well."—Michael Hirsh, Newsweek

"To understand the economic policy debates that will take place in the next few years, you can't do better than to read this book."—Suzanne Garment, Washington Post Book World

Product Details

ISBN-13: 9780226465555
Publisher: University of Chicago Press
Publication date: 05/28/1999
Edition description: 1
Pages: 432
Product dimensions: 6.00(w) x 9.00(h) x 1.10(d)

Table of Contents

Foreword
Preface
Acknowledgments
Introduction
1. The Resurgent Market
2. The Imperial Market
3. The Market for Labor
4. Markets and Medicine
5. Money Markets and the Corporation
6. Markets, Innovation, and Growth
7. Regulated Competition
8. Regulating the Human Environment
9. Markets and Politics
Notes
Index

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