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Famous Fables of Economics: Myths of Market Failures 1st Edition

5 out of 5 stars 1 customer review
ISBN-13: 978-0631226758
ISBN-10: 0631226753
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Editorial Reviews


"This book is important for understanding how economic principles can be applied to real-world problems. Professor Spulber discusses nine important myths that are often cited in the economics profession. These myths have important lessons for a number of current policy issues such as the Microsoft case, the supposed superiority of Betamax over VHS and the supposed current stock market bubble." Jack Carr, University of Toronto. <!--end-->

"Famous Fables of Economics is a welcome addition. Students will learn that fables and myths should not be accepted at face value. More importantly, they will see how economics can be used to challenge these myths. The book will prove useful in an array of courses, especially those that deal with policy issues." Roger D Blair, University of Florida.

Book Description

Famous Fables of Economics critiques some of our most cherished stories of market failure. It provides an amusing look at economic thought that is accessible to general readers, students, professionals, & academics, & raises fundamental questions about the role of the government in society.

Product Details

  • Paperback: 320 pages
  • Publisher: Wiley-Blackwell; 1 edition (November 28, 2001)
  • Language: English
  • ISBN-10: 0631226753
  • ISBN-13: 978-0631226758
  • Product Dimensions: 6.8 x 0.9 x 9.6 inches
  • Shipping Weight: 1.5 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #177,345 in Books (See Top 100 in Books)

More About the Author

Daniel F. Spulber is the Elinor Hobbs Distinguished Professor of International Business and Professor of Management Strategy at the Kellogg School of Management, Northwestern University, where he has taught since 1990. He is also Professor of Law at the Northwestern University Law School (Courtesy). He received his Ph.D. in economics in 1979 and his M.A. in economics in 1976 from Northwestern University and his B.A. in economics in 1974 from the University of Michigan. Spulber has taught at Brown University, the University of Southern California, and the California Institute of Technology.

Spulber has received eight National Science Foundation grants, three Searle Fund Grants , and two Ewing Marion Kauffman Foundation Grants for economic research. Spulber is the founding editor of the Journal of Economics & Management Strategy published by Wiley-Blackwell Publishing.

Spulber is the founder of Kellogg's International Business & Markets Program. Spulber's research is in the areas of International Economics, Industrial Organization, Microeconomic Theory, Management Strategy, and Law. He has published numerous journal articles in economics journals and law reviews, including the American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Review of Economic Studies, Journal of Economic Theory, Rand Journal of Economics, International Economic Review, Journal of Economic Perspectives, Columbia Law Review, New York University Law Review, Harvard Journal on Law and Public Policy, Journal of Competition Law & Economics, and Yale Journal on Regulation.

Spulber is the author of twelve books: The Theory of the Firm: Microeconomics with Endogenous Entrepreneurs, Firms, Markets, and Organizations, 2009, Cambridge: Cambridge University Press, Economics & Management of Competitive Strategy, 2009, New Jersey: World Scientific Press, Networks in Telecommunications: Economics and Law with Christopher Yoo, 2009, Cambridge: Cambridge University Press, Global Competitive Strategy, 2007, Cambridge: Cambridge University Press; Management Strategy, 2004, McGraw Hill; Famous Fables of Economics: Myths of Market Failures, edited, 2002, Blackwell Publishing; Market Microstructure: Intermediaries and the Theory of the Firm 1999, Cambridge University Press; The Market Makers: How Leading Companies Create and Win Markets, 1998, McGraw-Hill/ Business Week Books; Deregulatory Takings and the Regulatory Contract: The Competitive Transformation of Network Industries in the United States with J. Gregory Sidak, 1997, Cambridge University Press; Protecting Competition from the Postal Monopoly with J. Gregory Sidak, 1996, American Enterprise Institute; Regulation and Markets, 1989, M.I.T. Press; and Essays in the Economics of Renewable Resources, edited with Leonard J. Mirman, 1982, Elsevier-North Holland.

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Format: Paperback Verified Purchase
Collection of classic articles in economics. Coase, Cheung, and Liebowitz and Margolis, are just a few of the contributors to debunk many of the myths from economics.
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