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Book Synopsis

Capitalism faltered at the end of the 1990s as corporations were rocked by fraud, the stock-market bubble burst and the American business model unfettered self-interest, privatization and low tax faced a storm of protest. But what are the alternatives to the mantras of market fundamentalism?

Leading economist John Kay unravels the truth about markets, from Wall Street to Switzerland, from Russia to Mumbai, examining why some nations are rich and some poor, why one-size-fits-all' globalization hurts developing countries and why markets can work but only in a humane social and cultural context. His answers offer a radical new blueprint for the future.

The Truth About Markets

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    A Paperback / softback by John Kay

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      Book details

      Publisher Penguin Random House Group
      Imprint Penguin Books Ltd
      Published 29 April 2004
      ISBN-13 9780140296723
      978-0140296723
      ISBN-10 0140296727
      Also in:
      Business, Finance & Law Economic systems and structures International economics

      Description

      Book Synopsis

      Capitalism faltered at the end of the 1990s as corporations were rocked by fraud, the stock-market bubble burst and the American business model unfettered self-interest, privatization and low tax faced a storm of protest. But what are the alternatives to the mantras of market fundamentalism?

      Leading economist John Kay unravels the truth about markets, from Wall Street to Switzerland, from Russia to Mumbai, examining why some nations are rich and some poor, why one-size-fits-all' globalization hurts developing countries and why markets can work but only in a humane social and cultural context. His answers offer a radical new blueprint for the future.

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