Description

This book is an account of one of the central issues in economics, namely the potential of the free market system to solve social and economic problems. It explains the basic assumptions of the free market argument, examines their historical development, presents the standard criticisms of them and demonstrates how they can lead to social outcomes unacceptable to a consistent free market advocate. The author argues that while markets do work in many situations, they are not panaceas, and for some problems, non-market institutions organized and co-ordinated by the state are essential.

Free Market Economics

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£48.95

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Paperback / softback by Andrew Schotter

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This book is an account of one of the central issues in economics, namely the potential of the free market... Read more

    Publisher: John Wiley and Sons Ltd
    Publication Date: 24/05/1990
    ISBN13: 9781557860668, 978-1557860668
    ISBN10: 1557860661

    Number of Pages: 196

    Non Fiction , Business, Finance & Law

    Description

    This book is an account of one of the central issues in economics, namely the potential of the free market system to solve social and economic problems. It explains the basic assumptions of the free market argument, examines their historical development, presents the standard criticisms of them and demonstrates how they can lead to social outcomes unacceptable to a consistent free market advocate. The author argues that while markets do work in many situations, they are not panaceas, and for some problems, non-market institutions organized and co-ordinated by the state are essential.

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