The Inner Lives of Markets: How People Shape Them - And They Shape Us

 
9781444788600: The Inner Lives of Markets: How People Shape Them - And They Shape Us

America's economic revolution isn't just driven by technology. It's about markets.

The past twenty-five years have witnessed a remarkable shift in how we get the stuff we want. If you've ever owned a business, rented an apartment, or shopped online, you've had a front-row seat for this revolution-in-progress. Breakthrough companies like Amazon and Uber have disrupted the old ways and made the economy work better—all thanks to technology.
At least that's how the story of the modern economy is usually told. But in this lucid, wry book, Ray Fisman and Tim Sullivan show that the revolution is bigger than tech: it is really a story about the transformation of markets. From the auction theories that power Google's ad sales algorithms to the models that online retailers use to prevent internet fraud, even the most high-tech modern businesses are empowered by theory first envisioned by economists.
And we're all participants in this revolution. Every time you book a room on Airbnb, hire a car on Lyft, or click on an ad, you too are reshaping our social institutions and our lives.

The Inner Lives of Markets is necessary reading for the modern world: it reveals the blueprint for how we work, live, and shop, and offers wisdom for how to do it better.

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About the Author:

Ray Fisman is the Slater Chair in Behavioral Economics at Boston University. Previously, he was Lambert Family Professor of Social Enterprise and co-director of the Social Enterprise Program at the Columbia Business School. He is the author of The Org, with Tim Sullivan, and Economic Gangsters, with Ted Miguel.

Tim Sullivan is the editorial director of Harvard Business Review Press and has worked at Basic Books, Portfolio, and Princeton University Press, where he helped build one of the most successful academic economics lists in the world.

Review:

An entertaining overview of economic thought from WWII to the 2000s witty and energetic.” Publishers Weekly

Bright, accessible A thoughtful examination of the mechanics of our one-click world.” Kirkus Reviews

This book is essential reading for any non-economist who wants to understand how markets shape our world, including transformational marketplaces like Amazon, Airbnb, and eBay.” Reid Hoffman, chairman of LinkedIn

With great clarity and with many vivid examples, The Inner Lives of Markets explains how the post World War II worldly philosophers (i.e., economists) have reconceived the workings of our economic system. That reconception takes us far from the black and white of Adam Smith and Karl Marx; yet more interestingly, it is in many shades of gray.” George Akerlof, Nobel Laureate in Economics

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Descripción 2016. Paperback. Estado de conservación: New. Paperback. What is a market? To most people it is a shopping center or an abstract space in which stock prices vary minutely. In reality, a market is something much more fundamental to being human, a.Shipping may be from multiple locations in the US or from the UK, depending on stock availability. 224 pages. 0.300. Nº de ref. de la librería 9781444788600

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Descripción Hachette Australia, 2016. Paperback. Estado de conservación: New. 1. * Let's say you were stuck in a gruesome POW Camp and you wanted a decent meal (or a pack of cigarettes or a quality cup of coffee or some fresh fruit), what on earth would you do? * If you wanted a gun (but couldn't pass a background check), where would you get it? * If you were desperate for a kidney, and looking for a faster way to procure one, how might you swing that? * If you needed a better way to auction something off (something I've wondered about myself), what would that better mousetrap look like?All of the solutions lie in that elusive, vague, far reaching, overused and knotty term, "the market". We all think we understand what "the market" means, but would probably be flummoxed if we were asked to explain it or define it. Economists, though, have actually spent a great deal of time thinking through the many subtle nuances of every possible marketplace - managing illicit goods, figuring out how prices are set, coping with situations in which markets are hard to "clear" (online dating and toxic waste are classic examples), and what to do when manipulation or misinformation warps a marketplace (like, say, when those VRBO photos look a lot nicer than the actual house). Paperback. Nº de ref. de la librería MM-47090282

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Descripción 2016. Paperback. Estado de conservación: New. Paperback. What is a market? To most people it is a shopping center or an abstract space in which stock prices vary minutely. In reality, a market is something much more fundamental to b.Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. 224 pages. 0.300. Nº de ref. de la librería 9781444788600

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