Reinventing the Bazaar: A Natural History of Markets (Google eBook)

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W. W. Norton & Company, Nov 17, 2003 - Business & Economics - 288 pages
32 Reviews

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 Markets

User 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 Markets

User Review  - Christopher - Goodreads

Mr. McMillan, the author of this book, bills this book for those uninitiated into the mysteries of economics and attempts to explain the study and science of economics by looking at different examples ... Read full review

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Contents

The Only Natural Economy
4
Triumphs of Intelligence
16
He Who Cant Pay Dies
28
Information Wants to Be Free
42
Honesty Is the Best Policy
54
To the Best Bidder
66
Come Bid
76
When You Work for Yourself
90
Grassroots Effort
149
Managers of Other Peoples Money
168
A New Era of Competition
183
Coming Up for Air
197
Antipoverty Warriors
212
Market Imperatives
225
Endnotes
234
References
248

The Embarrassment of a Patent
104
No Man Is an Island
120
A Conspiracy against the Public
137

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About the author (2003)

John McMillan is the Jonathan B. Lovelace Professor of Economics at Stanford University's Graduate School of Business.

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