How Markets Fail: The Logic of Economic Calamities

Written by:
John Cassidy
Narrated by:
Geoffrey Howard

Unabridged Audiobook

Ratings
Book
Narrator
Release Date
November 2009
Duration
13 hours 30 minutes
Summary
Behind the alarming financial headlines is a little-known story of bad ideas. For over fifty years, economists have been developing elegant theories of how markets work. What about when markets don’t work? What about when they lead to stock-market bubbles, glaring inequality, polluted rivers, real-estate crashes, and credit crunches?

In How Markets Fail, Cassidy describes the influence “utopian economics” thinking that is blind to how real people act and that denies the ways an unregulated free market can produce disastrous unintended consequences. Oil-price spikes, CEO greed cycles, and boom-and-bust waves are the inevitable outcome of self-serving behavior in a modern market setting. Cassidy looks to the leading edge of economic theory, including behavioral economics, for a new, enlightening view of our volatile global economy.
How Markets Fail: The Logic of Economic Calamities
This title is due for release on November 17, 2009.

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How Markets Fail: The Logic of Economic Calamities
This title is due for release on November 17, 2009
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