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Christine

Austin, TX, USA | Member Since 2005

5
HELPFUL VOTES
  • 1 reviews
  • 5 ratings
  • 583 titles in library
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  • How Markets Fail: The Logic of Economic Calamities

    • UNABRIDGED (13 hrs and 15 mins)
    • By John Cassidy
    • Narrated By Ralph Cosham
    • Whispersync for Voice-ready
    Overall
    (352)
    Performance
    (179)
    Story
    (180)

    Behind the alarming headlines about job losses, bank bailouts, and corporate greed, there is a little-known story of bad ideas. For 50 years or more, economists have been busy developing elegant theories of how markets work - how they facilitate innovation, wealth creation, and an efficient allocation of society's resources. But what about when markets don't work?

    Ben says: "Way more than I expected"
    "Best on the fallacies of economic thought"
    Overall

    This book is simply the best work I have read (heard) on economic thought and the problems inherent in the basic premises regarding how people behave. This book is best read (heard) after Mark Skousen's "The Making of Modern Economics". This latter book is a thorough introduction to the glory of free-market thinking from Adam Smith up through Milton Friedman. "How Markets Fail" is the antidote to the smugness with which free-marketers often address the rest of us. These two books together should provide the thoughtful person with a great basis for understanding how we come to be where we are today.

    5 of 6 people found this review helpful

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