The Best Book on the Market

How to stop worrying and love the free economy

Preis	19,90 €	In den Warenkorb »
Zustand	Neu	Lieferdauer ca. 2 bis 4 Wochen
Autor(en)	Eamonn Butler	Verlag	John Wiley & Sons Inc.
Sachgebiet(e)	Klassischer Liberalismus, English Books	ISBN	978-1-906465-05-6
2008, 172 Seiten, Festeinband/Hardcover

An accessible and entertaining look at the engine of the market economic system

The Best Book on the Market uses real-world examples to explain supply and demand and the way prices are determined in basic markets. It explains how the market economic system relies on healthy competition and how the meddling in the markets of businesspeople and politicians damages the natural balance and fairness of markets. Ideal for general readers who want a deeper and better understanding of market economics, this straightforward guide addresses a wealth of important questions: why some people make more than others; whether black markets are immoral; questions of inequalities; and social issues like sweatshops and fair trade.

Content:

• 1. The amazing world of markets.
  • A trip to the market.
  • No words, but mutual benefit.
  • Markets are everywhere.
  • Nobody's perfect.
  • Time, place and trust.
  • Who? What? Where? Why?.
  • Unorganized order.
  • Markets are a force for good.
  • Getting resources to their best use.
• 2. How specialization and exchange make us rich.
  • Markets weren't born yesterday.
  • Money makes the world go round oblong.
  • Exchange is everywhere.
  • Why we exchange so much.
  • Collaboration through - disagreement.
  • Specialization and efficiency.
  • The huge productive power of specialization.
  • Specialization makes you slicker.
  • Capital accumulation.
  • The spiralling success of specialization.
• 3. The instant messaging system of price.
  • Price is an instruction as well as a fact.
  • Buyers, sellers and market prices.
  • X marks the (perfect) spot.
  • Now the bad news.
  • The impossibility of perfect information.
  • The market is a discovery process.
  • Help me, information.
  • The instant messaging of price.
  • Our unintended genius.
  • Price eliminates waste.
  • Markets are only human.
  • It's hard to find good stuff.
  • The costs of doing a deal.
• 4. Killing the messenger.
  • Zen and the art of price maintenance.
  • Soldering up the price mechanism.
  • Wage and price controls.
  • Controls mess up the market.
  • Distorting price through subsidy.
  • That ol' black market.
  • Inflation.
  • I get high prices (with a little help from the state).
  • Patents and copyright.
  • Occupational licensure: then......and now.
• 5. The driving force of competition.
  • Keeping it in the family.
  • The joy of voluntary exchange.
  • Competition spreads the benefit.
  • Competition on quality.
  • Why prices aren't uniform.
  • Imperfect competition and prices.
  • How speculators benefit society.
  • Why markets need entrepreneurs.
  • Creative destruction.
  • Perfect nonsense.
• 6. The rules of the market.
  • Honesty really is the best policy.
  • Exchange is built on trust.
  • Brands communicate trust.
  • Longevity, solidity and endorsement.
  • In God we trust - others pay cash.
  • Setting and enforcing the rules.
  • The unwritten rules.
  • Property includes human effort.
  • Property security is vital to markets.
  • Property rights are determined by law and convention.
  • The choice of rules determines the outcome.
  • The design of auctions.
  • Markets don't just happen.
• 7. Market failure (and government failure).
  • Bubbles, booms, downturns and depressions.
  • Markets struggle with human psychology.
  • Time and speed.
  • Information asymmetry.
  • Political failure.
  • The inconvenient reality.
  • A market in emissions.
  • A price on congestion.
  • Water rights.
  • Tradable fishing rights.
  • Over-fishing.
  • A shooting market saves game.
• 8. The morality of the market.
  • Harnessing self-interest.
  • Self-interest and greed.
  • Harmony versus politics.
  • Unfairness and inequality.
  • Trafficking and exploitation.
  • The domination of big business.
  • Limits to market domination.
  • The moral superiority of markets.
• 9. How to grow a market.
  • Economic achievement gets real.
  • The triumph of the market?
  • Handbagging the state.
  • Recipe for a successful market.
  • Growing markets over the net.
  • The question of online trust.
  • The slow growth of the market in China.
  • The only real way to wealth.

Source: John Wiley & Sons Inc