How Markets Fail The Logic of Economic Calamities

Name: How Markets Fail The Logic of Economic Calamities
Price: 3.02 USD
Availability: InStock
ISBN: 9780374173203

ISBN-10: 0374173206

ISBN-13: 9780374173203

Edition: 2009

Authors: John Cassidy

List price: $28.00

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Book details

List price: $28.00
Copyright year: 2009
Publisher: Farrar, Straus & Giroux
Publication date: 11/10/2009
Binding: Hardcover
Pages: 400
Size: 6.50" wide x 9.50" long x 1.50" tall
Weight: 1.496
Language: English

John Cassidyis a journalist atThe New Yorkerand a frequent contributor toThe New York Review of Books. He is the author ofDot.con: How America Lost Its Mind and Money in the Internet Eraand lives in New York City.



Introduction



Utopian Economics



Warnings Ignored and the Conventional Wisdom



Adam Smith's Invisible Hand



Friedrich Hayek's Telecommunications System



The Perfect Markets of Lausanne



The Mathematics of Bliss



The Evangelist



The Coin-Tossing View of Finance



The Triumph of Utopian Economics



Reality-Based Economics



The Prof and the Polar Bears



A Taxonomy of Failure



The Prisoner's Dilemma and Rational Irrationality



Hidden Information and the Market for Lemons



Keynes's Beauty Contest



The Rational Herd



Psychology Returns to Economics



Hyman Minsky and Ponzi Finance



The Great Crunch



Greenspan Shrugs



The Lure of Real Estate



The Subprime Chain



In the Alphabet Soup



A Matter of Incentives



London Bridge Is Falling Down



Socialism in Our Time


Conclusion


Notes


Acknowledgments


Index