You Can't Always Get What You Want
- Year
- 2021
- Category
- Fiction
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
340 pages ; 18 cm
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
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;
<p>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.