The Market System: What It Is, How It Works, and What to Make of It
| Author | : | |
| Rating | : | 4.51 (766 Votes) |
| Asin | : | 0300093349 |
| Format Type | : | paperback |
| Number of Pages | : | 304 Pages |
| Publish Date | : | 2015-06-07 |
| Language | : | English |
DESCRIPTION:
Exploring the relationship between markets and democracy, for instance, he points out that while it's true that all democratic societies have market systems, we can't conclude that markets always foster democracy, because many antidemocratic societies also have market systems. Lindblom, a professor of economics and political science at Yale University, also explores the relation of the market system to efficiency, ethics, social equality, power, the natural environment and culture. Unfortunately, since the title sounds dull, the author is l
Interesting reflections on the market system Professor Lindblom approaches his study of the "market system" in a rather circumspect manner but ultimately the book informs. The first part of the book is largely instructive. He defines the market system as "a system of society wide coordination of human activities not by central command but by mutual interactions in the form of transactions." Coordination is for both "social peacekeeping" and cooperation. Markets are an arena for mutual adjustment and not simply or even mostly for competition as some would contend. He contrasts the flexibility of markets. BetterAllTheTime said Markets are Human-Created. Lindblom does it again.his lucid, non-technical prose is SO clear and SO logical. He really explains, in relation to human nature as opposed to in relation to political dogma, why market systems are better than command and control systems for creating a society you or I might want to live in.AND he shows why "markets" and "government" are FRIENDS, not ENEMIES.if you truly believe in opportunity for all and a decent life for most.this should be compulsory reading for all college juniors, and for all MBA students.. A Calm but Caring Exploration James R. Mccall "Think society, not economy." Thus Lindblom, our author, urges the reader to think about the market system in a more inclusive context than we ordinarily are wont to do. To what end?Well, the subtitle of this book is "What It Is, How It Works, and What to Make of It." As he says early on: "For at least 150 years many societies have been trapped in an ill-tempered debate about market systems. Now we have an opportunity to think about these systems with a new dispassion and clarity. Market ideologues have learned that there is little to fear from communism For
In this work a political scientist seeks to offer a jargon-free introduction to the market system, for all readers with or without a background in economics. He assesses the character, rules, advantages and shortcomings of the institution co-ordinating modern economic and social life.