Reinventing the Bazaar: A Natural History of Markets (Google eBook)
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: Reinventing the Bazaar: A Natural History of MarketsUser Review - Joel - Goodreads
Very balanced description of the requirement of market forces and Govt "rules" to enable a workable market. Read full review
Review: Reinventing the Bazaar: A Natural History of MarketsUser Review - Adri Nurellari - Goodreads
Through numerous examples the author illustrates how markets really work. The author demystifies all the urban legends of the socialist rhetoric providing a sober easy to read non technical ... Read full review
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