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.
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