The Truth About Markets: Their Genius, Their Limits, Their Follies

The Truth About Markets: Their Genius, Their Limits, Their Follies

by JohnKay (Author)

Synopsis

We live, now more than ever before, in a world made of markets. How do they work? Why do they work? Why are they better than alternative systems of organizing economics? And why, sometimes, do they fail so catastrophically? This accessible book explains the big questions of contemporary economics. John Kay uses storytelling to show that markets cannot be detached from the societies in which they are based.

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More Information

Format: Hardcover
Pages: 496
Edition: 1st Edition
Publisher: Allen Lane
Published: 01 May 2003

ISBN 10: 0713994894
ISBN 13: 9780713994896

Author Bio
John Kay is one of Britain's leading economists. He was the first (controversial) head of the Oxford Said Business School, and for many years headed Europe's largest private firm providing economic advice to companies and governments. The ECONOMIST says Kay is well on the way to turning himself into the European Michael Porter . He has also been described as the best management theorist in Britain . He has a regular column in the FINANCIAL TIMES.