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The Market Revolution and its Limits: A Price for Everything
 
 

The Market Revolution and its Limits: A Price for Everything [Paperback]

Alan Shipman (Author)

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Book Description

0415157366 978-0415157360 May 14, 1999 1
The Market Revolution and its limits summarises why many economists believe that markets are best. It explores how even 'market failures' can be given market solutions, and asks why market ideas seem to have taken such a firm hold. Non-polemical in its approach, this book provides a comprehensive appraisal of the market and its alternatives, backed up with empirical international illustrations.
Shipman concludes that the 'revolution' lies in redefining the market process rather than the market outcome.

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Editorial Reviews

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'The Market Revolution and Its Limits provides a useful survey of the market perspective.' - Millennium --This text refers to the Hardcover edition.

About the Author

Alan Shipman is a freelance economist and economic journalist.

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Inside This Book (learn more)
First Sentence:
The market is a means of social organisation - one way people can coexist while choosing varied routes to different personal goals. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
administered transaction, other transaction types, relational transaction, user rights, residual claim, external benefits, merit goods
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Adam Smith, European Union, North American, World Bank, Bretton Woods, South Korea, Middle East, Say's Law, Walras's Law
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