We live, now more than ever before, in a world made of markets. How do they work? Why do they work? Why are they better than alternative systems of organizing economics? And why, sometimes, do they fail so catastrophically? This accessible book explains the big questions of contemporary economics. John Kay uses storytelling to show that markets cannot be detached from the societies in which they are based.
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Verlagsort
Verlagsgruppe
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Maße
Höhe: 242 mm
Breite: 162 mm
Dicke: 48 mm
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ISBN-13
978-0-7139-9489-6 (9780713994896)
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Schweitzer Klassifikation
John Kay is one of Britain's leading economists. He was the first (controversial) head of the Oxford Said Business School, and for many years headed Europe's largest private firm providing economic advice to companies and governments. The ECONOMIST says "Kay is well on the way to turning himself into the European Michael Porter". He has also been described as "the best management theorist in Britain". He has a regular column in the FINANCIAL TIMES.
The issues: welcome to the world of Bloomberg television; people; figures; how rich states became rich. The structure of economic system: production and exchange; assignment; central planning; pluralism; spontaneous order. Perfectly competitive markets: competitive markets; markets in risk; markets in money; general equilibrium; efficiency. The truth about markets: neoclassical economics and after; rationality and adaptation; information; risk in reality; co-operation; co-ordination; the knowledge economy. How it all works out: poor states stay poor; who gets what?; places. Political economy: the American business model; beyond the American business model; teh embedded market; the framework of economic policy; a primer in economic policy.
