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How Markets Fail: The Logic of Economic Calamities

How Markets Fail: The Logic of Economic Calamities

ISBN 9780141036519
Edition 1st edition
Publisher Penguin Books Ltd
Author(s)
Publication Date
Overview
How did we get to where we are? John Cassidy shows that the roots of our most recent financial failure lie not with individuals, but with an idea - the idea that markets are inherently rational. He gives us the big picture behind the financial headlines, tracing the rise and fall of free market ideology from Adam Smith to Milton Friedman and Alan Greenspan. Full of wit, sense and, above all, a deeper understanding, How Markets Fail argues for the end of 'utopian' economics, and the beginning of a pragmatic, reality-based way of thinking.

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