A01=Andrew Schotter
account
assumptions
author
Author_Andrew Schotter
Category=KCB
criticisms
development
economics
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
issues
market advocate
market argument
market system
markets
non-market institutions
outcomes
panaceas
problems
situations
state
work
Product details
- ISBN 9781557860668
- Weight: 255g
- Dimensions: 141 x 216mm
- Publication Date: 24 May 1990
- Publisher: John Wiley and Sons Ltd
- Publication City/Country: GB
- Product Form: Paperback
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This book is an account of one of the central issues in economics, namely the potential of the free market system to solve social and economic problems. It explains the basic assumptions of the free market argument, examines their historical development, presents the standard criticisms of them and demonstrates how they can lead to social outcomes unacceptable to a consistent free market advocate. The author argues that while markets do work in many situations, they are not panaceas, and for some problems, non-market institutions organized and co-ordinated by the state are essential.
