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  • Format: ePub

How do markets work? This reader introduces the student to the workings of the market, explaining both the reasons for its success and its shortcomings. Throughout, the text encourages a critical approach demonstrating the diversity of market economies. In particular it explores:
the social nature of market economies | the range of approaches to the study of the market: Marxist, Austrian, Keynesian and institutional economics are discussed as alternatives to the neo-classical mainstream | the differences between Anglo-American, European and Asian economic models | the historical…mehr

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Produktbeschreibung
How do markets work? This reader introduces the student to the workings of the market, explaining both the reasons for its success and its shortcomings. Throughout, the text encourages a critical approach demonstrating the diversity of market economies. In particular it explores:

  • the social nature of market economies
  • the range of approaches to the study of the market: Marxist, Austrian, Keynesian and institutional economics are discussed as alternatives to the neo-classical mainstream
  • the differences between Anglo-American, European and Asian economic models
  • the historical development of markets
  • globalisation: its extent and its impact
  • the costs and the benefits of markets


With chapters by Will Hutton, John Gray and Eric Hobsbawm, this reader provides an excellent introduction.


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