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How Markets Fail: The Rise and Fall of Free Market Economics

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In How Markets Fail, veteran New Yorker staff writer John Cassidy offers a provocative take on the misguided economic thinking that produced the 2008 financial crisis—now with a new preface addressing how its lessons remain unheeded in the present.

A Pulitzer Prize Finalist

An Economist Book of the Year

A Businessweek Best Book of the Year

For fifty years, economists have been developing elegant theories or how markets facilitate innovation, create wealth, and allocate society's resources effi...