I expected a lot from McMillan's book, given the good professor's credentials and esteem. Specifically, I expected him to do more than trivially survey a bunch of marketplaces,... Read morePublished 15 months ago by Daniel J. Green
Mr. McMillan, the author of this book, bills this book for those uninitiated into the mysteries of economics and attempts to explain the study and science of economics by looking... Read morePublished on April 5, 2013 by C.P.M.
Below are key excerpts from the book that I found particularly insightful:
1- "A definition of a market transaction, then, is an exchange that is voluntary: each party... Read more
For a balanced view of markets - how they work, how they can produce good economic outcomes, and why they can fail - you couldn't do better than to read this book. Read morePublished on August 21, 2012 by Avinash K. Dixit
McMillian shows how markets work and what they can and can't do. There are five key points to a market and markets are limited in how well they can and what they can't... Read morePublished on October 3, 2011 by Mel Woods
Reinventing the Bazaar was written by the late John McMillan, a professor of economics at Stanford and an expert on government procurement. Read morePublished on September 27, 2011 by H. P.
This is a great all around book that is written in a style that everyone can read and understand. Although I have been looking for a book that truly discusses the history of... Read morePublished on July 26, 2011 by K. Ryan Kane
The book discusses main stream economy in a way accessible for most. This is well written and entertaining. Discusses many interesting examples. Read morePublished on February 6, 2011 by jukka aakula