How Markets Work: Supply, Demand and the Real World

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ISBN-13: 978-1847206145
ISBN-10: 184720614X
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About the Author

Robert E. Prasch, Associate Professor of Economics, Middlebury College, US
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Product Details

  • Paperback: 192 pages
  • Publisher: Edward Elgar Publishing (November 30, 2008)
  • Language: English
  • ISBN-10: 184720614X
  • ISBN-13: 978-1847206145
  • Product Dimensions: 0.5 x 5.2 x 8.2 inches
  • Shipping Weight: 9.1 ounces (View shipping rates and policies)
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #1,394,351 in Books (See Top 100 in Books)

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2 of 3 people found the following review helpful By Hendrik Bright on September 8, 2013
Format: Paperback Verified Purchase
This book seems to come from the fifties of the sixties, but it has only be published in 2008! It gives criticism on the neoclassical market theory. A lot is well funded, like the fact that contracts are important when assessing market characteristics, but the reasoning is old-fashioned, without any reference to empirical studies.
It is true that the neoclassical oversimplification is ideologic, sometimes ressembling more religion than science. Unfortunately, the author does not succeed in presenting an alternative that is useful for further research. Like many heterodox economist, he gives lots of criticism, but no viable alternative. This is a good book for those eager to learn the flaws of neoclassical economics.
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How Markets Work: Supply, Demand and the Real World
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