How Markets Work and Fail, and What to Make of Them (New Horizons in Institutional and Evolutionary Economics) - Softcover

Nooteboom, Bart

Softcover

ISBN 10: 1783477571 ISBN 13: 9781783477579

Verlag: Edward Elgar Publishing Ltd, 2015

Inhaltsangabe

This book provides a scathing antidote to the standard propositions made by economists about how wonderful market organization is. At the same time the criticism is balanced and recognizes well the advantages of market organization for certain kinds of goods and services. Bart Nooteboom is one of the broadest, and sharpest, social scientists writing today, and this book is vintage Nooteboom'
- Richard R. Nelson, Columbia University, US

In this thought-provoking book, Bart Nooteboom offers a radical critique of the principal intellectual and moral assumptions underlying economic science, unravelling the notion of markets: how they work and fail, and how they may be redirected to better serve us.

Initially, the inadequacy of economic science in the wake of recent financial and economic crises is outlined. Few economists predicted the crises and subsequent economic thought has been nebulous, failing to apprize guidance, understanding and prevention for the future. Established practices in finance and business continue regardless, and confusion has bred among policy makers, the public, and even economists on what markets actually are. Bart Nooteboom employs an Aristotelian virtue ethic, with a view to multiple dimensions of 'the good life', upturning the utilitarian ethic that dominates economic science and modern politics. The critique makes a corrective-turn, transforming economic thought into an integrative, ethical and interdisciplinary behavioral science of markets.

Nooteboom's interdisciplinary approach makes this book an appealing read to economists, sociologists and political scientists with an interest in market processes. People concerned about how markets are developing and policy makers will welcome this topical work to gain fresh insights into collaborative and ethical market policy. This timely book will vitalize debate about markets, what they do and how they may work better.

Contents: 1. Introduction 2. Foundations of markets 3. How markets work and fail 4. Variety of industries 5. Hybrids and examples 6. Alternatives Index

Über diesen Titel

Über die Autorin bzw. den Autor

Bart Nooteboom, Professor Emeritus, Tilburg University, the Netherlands

Details zur Ausgabe

• Verlag: Edward Elgar Publishing Ltd
• Erscheinungsdatum: 2015
• Sprache: Englisch
• ISBN 10: 1783477571
• ISBN 13: 9781783477579
• Einband: Taschenbuch
• Anzahl der Seiten: 178
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Buchbär; info@buchbaer.de; ; Weberstr. 67; Osnabrück; 49084; Deutschland