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The Truth About Markets: Why Some Nations are Rich But Most Remain Poor - Softcover

 
9780140296723: The Truth About Markets: Why Some Nations are Rich But Most Remain Poor
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Unravels the truth about markets, from Wall Street to Switzerland, from Russia to Mumbai, examining why some nations are rich and some poor, why 'one-size-fits-all' globalization hurts developing countries and why markets can work - but only in a humane social and cultural context. This title offers a radical blueprint for the future.

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Review:
'[an] important new book...Kay makes an awful lot of sense about the limits of modern government' -- Martin Kettle, the Guardian

'an ambitious and brilliantly executed book...It is accessible and witty, and it sheds light on the way the world works' -- Richard Lambert, The Times

'one of the leading British economists of his generation' -- Hamish McRae, the Independent

'written with wit and subtlety...an important contribution to the post-1990s reassessment of capitalism' -- Martin Vander Weyer, the Telegraph
From the Author:
It is bad form in Britain for an author to comment on a review but the Kirkus review is seriously misleading. The reviewer says that 'John Kay has produced a spirited, informative and very readable justification for the American Business Model'. Flattering, in a way, but not true. The chapter on the American Business Model concludes that 'The ABM is deficient for its naive approach to issues of human motivation, its simplistic analysis of structures of property rights, its inability to maintain efficiency in the face of imperfect information, its misleading account of markets in risk, its glossing over of problems of cooperation and coordination, and its failure to describe the generation of the new knowledge on which its very success depends.

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  • PublisherPenguin
  • Publication date2004
  • ISBN 10 0140296727
  • ISBN 13 9780140296723
  • BindingPaperback
  • Edition number1
  • Number of pages496
  • Rating

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9780060587055: Culture and Prosperity: The Truth About Markets : Why Some Nations Are Rich but Most Remain Poor

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Book Description Paperback. Condition: new. Paperback. In the 1980s America won the cold war. In 1989 the Berlin Wall fell. The decade that followed proved to be one of the most extraordinary periods in economic history. The American business model - the unrestrained pursuit of self-interest, market fundamentalism, the minimal state and low taxation - offered its followers the same certainties that Marxism had given its own adherents over the previous century. There was a New Economy. But it was all to end in a frenzy of speculation, followed by recrimination and self-doubt. Corporations that had never earned a cent of profit, and never would, were sold to investors for billions of dollars. Corporate executives would fill their pockets and invent revenues and profits to support their accounts of their own genius. And every international economic meeting would be besieged by demonstrators. In this ambitious and wide-ranging book, John Kay unravels the truth about markets. Unravels the truth about markets, from Wall Street to Switzerland, from Russia to Mumbai, examining why some nations are rich and some poor, why 'one-size-fits-all' globalization hurts developing countries and why markets can work - but only in a humane social and cultural context. This title offers a radical blueprint for the future. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780140296723

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Book Description Paperback / softback. Condition: New. New copy - Usually dispatched within 4 working days. Unravels the truth about markets, from Wall Street to Switzerland, from Russia to Mumbai, examining why some nations are rich and some poor, why 'one-size-fits-all' globalization hurts developing countries and why markets can work - but only in a humane social and cultural context. This title offers a radical blueprint for the future. Seller Inventory # B9780140296723

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