How Markets Fail - Paperback Reprint Edition
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|About the Author||John Cassidy is a journalist at The New Yorker and a frequent contributor to The New York Review of Books. He is the author of Dotn: How America Lost Its Mind and Money in the Internet Era and lives in New York City.|
|Author 1||JOHN CASSIDY|
|Edition Number||Reprint Edition|
|Editorial Review||Praise for How Markets Fail “Cassidy clearly knows a great deal of economics, and he tells his story extremely well . . . Many of his chapters—on the development of general equilibrium theory (how everything in the economy systematically depends on everything else), for example, or marginalism (why prices are determined by what we’re prepared to pay for the very last item of something we buy, rather than what the whole amount is worth to us)—would make useful supplementary reading in an undergraduate economics course.” —Benjamin M. Friedman, The New York Review of Books “[A] wonderful book . . . The most concise and elegantly written account, among the many that have come out, of how we got into this mess.” —Liaquat Ahamed, The National Interest “[How Markets Fail] brilliantly dissects much of what has passed for economic wisdom, and decries the lack of humility from those whose theories helped cause the disaster.” —Floyd Norris, The New York Times “Highly readable . . . Cassidy offers a clear and occasionally colourful exposition of the evolution of relevant economic thought in a way that is accessible to non-economists.” —Richard N. Cooper, Foreign Affairs|