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 - Mark - Goodreads
95% of this book is very good or excellent. And then you reach the last chapter and he treats libertarianism as if it were the same thing as anarcho-capitalism. Libertarians don't necessarily want to ... Read full review
Review: Reinventing the Bazaar: A Natural History of MarketsUser Review - Omar Halabieh - Goodreads
Below are key excerpts from the book that I found particularly insightful: 1- "A definition of a market transaction, then, is an exchange that is voluntary: each party can veto it, and (subject to the ... Read full review
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