Reinventing the Bazaar: A Natural History of Markets

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9780393323719: Reinventing the Bazaar: A Natural History of Markets

Clear, insightful, and nondogmatic, this book gives us a new appreciation for one of our most ubiquitous institutions.

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.

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Review:

John McMillan's Reinventing the Bazaar is an extremely accessible description of markets large and small, as well as an explanation of their underlying mechanisms. An "absolutely free market," he says, is a "free-for-all brawl," while a "real market" is an "ordered brawl." Sprinkling his analysis with hundreds of anecdotes and examples--prison camps, eBay, the American experiment with alcohol prohibition, the Tokyo fish market, and traditional Ghanaian bazaars--and pertinent quotes from the likes of Chekhov, Twain, and Steinbeck, McMillan animates his subject. Why do banks build showcase headquarters? Which "frictions" brake, and which spur, various markets? Is the "invisible hand" attached to a clothed arm? Why are both pro- and antimarket absolutists, in McMillan's view, the economics equivalent of "flat-earthers"? Is there such an animal as a "perfect" market? Reinventing the Bazaar answers these questions, and many more, in an eminently wise, entertaining, and instructive way. --H. O'Billovich

About the Author:

John McMillan (1951―2007) was the Jonathan B. Lovelace Professor of Economics at Stanford University's Graduate School of Business.

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MCMILLAN,JOHN
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Descripción WW Norton Publishers. Estado de conservación: New. Brand New. Nº de ref. de la librería 0393323714

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Descripción WW Norton Co, United States, 2003. Paperback. Estado de conservación: New. Reprint. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. 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. Nº de ref. de la librería BTE9780393323719

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Descripción WW Norton Co, United States, 2003. Paperback. Estado de conservación: New. Reprint. Language: English . Brand New Book. 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. Nº de ref. de la librería AAU9780393323719

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Descripción WW Norton Co, United States, 2003. Paperback. Estado de conservación: New. Reprint. Language: English . Brand New Book. 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. Nº de ref. de la librería AAU9780393323719

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Descripción W W Norton & Co Ltd, New York, NY, 2002. Soft cover. Estado de conservación: New. A global analysis of many kinds of markets brings alive the concepts of economic life. x+278 pages, Endnotes, References, Index. Published @ $16.95. Nº de ref. de la librería 14399

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Descripción WW Norton & Co, 2003. Estado de conservación: New. 2003. Reprint. Paperback. Clear, insightful, and nondogmatic, this book gives us a new appreciation for one of our most ubiquitous institutions. Num Pages: 288 pages. BIC Classification: KCC; KCZ. Category: (G) General (US: Trade); (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 211 x 48 x 21. Weight in Grams: 294. . . . . . . Nº de ref. de la librería V9780393323719

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Descripción W. W. Norton & Company. Paperback. Estado de conservación: New. New copy - Usually dispatched within 2 working days. Nº de ref. de la librería B9780393323719

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Descripción WW Norton & Co. Estado de conservación: New. 2003. Reprint. Paperback. Clear, insightful, and nondogmatic, this book gives us a new appreciation for one of our most ubiquitous institutions. Num Pages: 288 pages. BIC Classification: KCC; KCZ. Category: (G) General (US: Trade); (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 211 x 48 x 21. Weight in Grams: 294. . . . . . Books ship from the US and Ireland. Nº de ref. de la librería V9780393323719

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