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Marcos

Oslo, Norway | Member Since 2009

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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
    (340)
    Performance
    (170)
    Story
    (170)

    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"
    "Extremely informative"
    Overall
    Performance
    Story
    What did you love best about How Markets Fail?

    This books provides a great historical view of market failure. It is extremely informative and devastatingly enlightening.


    What did you like best about this story?

    I quite enjoyed the "long view" that this book takes... it shows that only a few people truly understand how the markets work and constantly work towards optimising profits at the expense of others. It also shows that there is a clear role for governments to play in market economics so we don't constantly end up in economic meltdown.


    Was there a moment in the book that particularly moved you?

    The thesis of the book absolutely shatters the illusion of any pure free market capitalism - without proper government regulation, it is unlikely that the capitalist system will survive... it might even be too late to save it, given the current state of Europe.


    Any additional comments?

    Highly recommend this book.

    0 of 0 people found this review helpful

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