Economists have long counseled reliance on markets rather than on government to decide a wide range of questions, in part because allocation through voting can give rise to a "tyranny of the majority." Markets, by contrast, are believed to make products available to suit any individual, regardless
The Tyranny of the Market: Why You Canβt Always Get What You Want
β Scribed by Joel Waldfogel
- Publisher
- Harvard University Press
- Year
- 2009
- Tongue
- English
- Leaves
- 216
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
Markets are widely believed to make products available to suit any individual, regardless of what others want. But the argument is not generally correct. In markets, you canβt always get what you want. This book explores why this is so and its consequences for consumers with atypical preferences.
β¦ Table of Contents
Contents
Preface
Introduction
PART ONE. THEORY
PART TWO. EMPIRICAL EVIDENCE
PART THREE. MARKET SOLUTIONS AND THEIR LIMITS
PART FOUR. POLICY SOLUTIONS AND THEIR LIMITS
Conclusion
Notes
References
Credits
Index
π SIMILAR VOLUMES
Theory: Markets and the tyranny of the majority; Are "lumpy" markets a problem?; Empirical evidence: Who benefits whom in practice; Who benefits whom in the neighborhood; Preference minorities as citizens and consumers -- Market solutions and their limits: Market enlargement and consumer liberation;
340 pages ; 18 cm