A01=John McMillan
Author_John McMillan
Business
Capitalism
Category=KCC
Category=KCZ
Economic History
Economics
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Free Enterprise
General
Product details
- ISBN 9780393323719
- Weight: 330g
- Dimensions: 140 x 211mm
- Publication Date: 17 Nov 2003
- Publisher: WW Norton & Co
- Publication City/Country: US
- Product Form: Paperback
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From the wild swings of the stock market to the online auctions of eBay to the unexpected twists of the world's post-Communist economies, markets have suddenly become quite visible. We now have occasion to ask, "What makes these institutions work? How important are they? How can we improve them?"
Taking us on a lively tour of a world we once took for granted, John McMillan offers examples ranging from a camel trading fair in India to the $20 million per day Aalsmeer flower market in the Netherlands to the global trade in AIDS drugs. Eschewing ideology, he shows us that markets are neither magical nor immoral. Rather, they are powerful if imperfect tools, the best we've found for improving our living standards.
A New York Times Notable Book.
John McMillan (1951—2007) was the Jonathan B. Lovelace Professor of Economics at Stanford University's Graduate School of Business.
