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Nov 10, 2009 · In How Markets Fail, John Cassidy describes the rising influence of what he calls utopian economics—thinking that is blind to how real people act and that denies the many ways an unregulated free market can produce disastrous unintended consequences.
Nov 23, 2010 · How Markets Fail is an excellent overview of the field of modern day economics and its intellectual history. The purpose of the book is make the reader embrace the reality that market failures are abundant and not solvable by free market capitalism.
The book examines the history of economic theory and attempts to diagnose the recent rise and fall of markets, particularly the housing bubble and credit crisis (2007–2009). How Markets Fail argues against unfettered free-market ideology and supports government regulation in the financial industry. Reception
May 16, 2024 · A market failure refers to the inefficient distribution of resources that occurs when the individuals in a group end up worse off than if they had not...
Nov 10, 2009 · In How Markets Fail, John Cassidy describes the rising influence of what he calls utopian economics—thinking that is blind to how real people act and that denies the many ways an unregulated free market can produce disastrous unintended consequences.
Jan 31, 2013 · 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...
How Markets Fail: The Logic of Economic Calamities Paperback – 26 Aug. 2010. by John Cassidy (Author) 4.5 227 ratings. See all formats and editions. 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.
- John Cassidy
