Overview

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.

Full Product Details

Author:   John McMillan
Publisher:   WW Norton & Co
Imprint:   WW Norton & Co
Dimensions:   Width: 14.00cm , Height: 2.00cm , Length: 21.10cm
Weight:   0.295kg
ISBN:  

9780393323719

ISBN 10:   0393323714
Pages:   288
Publication Date:   02 December 2003
Audience:   College/higher education ,  General/trade ,  Professional and scholarly ,  Tertiary & Higher Education ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   Out of stock  
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

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Reviews

An insightful, common-sense, jargon-free tour of all sorts of markets.

McMillan's rich knowledge of ... current economic theory and ... economies in transition is well embodied in this ... sophisticated survey. -- Kenneth J. Arrow, 1972 Nobel Prize winner in Economics

Required reading for anyone who wants to understand the magic of markets... Lucidly explained, brilliantly analyzed, and delightfully explored. -- Reed E. Hundt, former chairman of the Federal Communications Commission The perfect book for the Age of Enron. An illuminating refresher course in how economies really work. An insightful, common-sense, jargon-free tour of all sorts of markets.

Author Information

John McMillan is the Jonathan B. Lovelace Professor of Economics at Stanford University's Graduate School of Business.

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