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Item Details
| Title:
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THE NATURAL INSTABILITY OF MARKETS
EXPECTATIONS, INCREASING RETURNS, AND THE COLLAPSE OF CAPITALISM |
| By: |
Michael Perelman |
| Format: |
Hardback |
| List price:
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£70.00 |
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We believe that this item is permanently unavailable, and so we cannot source
it.
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| ISBN 10: |
0333775325 |
| ISBN 13: |
9780333775325 |
| Publisher: |
PALGRAVE MACMILLAN |
| Pub. date: |
30 June, 1999 |
| Pages: |
208 |
| Description: |
In the rush to open societies to the benefits of competition, economists have overlooked the fundamental instability of competitive markets. Michael Perelman analyzes the nature and causes of crisis within a market society and questions the basic tenets. |
| Synopsis: |
As socialist states struggle to transform themselves into market economies and the United States privatizes everything from schooling to policing, the current crises in Russia and east Asia suggest that something might be amiss. In the rush to open societies to the benefits of competition, economists have overlooked the fundamental instability of competitive markets. What had seemed to be an invincible capitalist juggernaut may be reaching its apotheosis. Michael Perelman argues that capitalism's victory is temporary, based as it is on an unrealistic understanding of the system's inherent risks. He analyzes the nature and causes of crisis within a market society, and along the way, he re-examines one of capitalism's most primary and unquestioned tenets, that the more competition there is, the better off society will be. This book contains many examples and anecdotes, and provides an understanding of a capitalist society. |
| Illustrations: |
0 |
| Publication: |
UK |
| Imprint: |
Palgrave Macmillan |
| Returns: |
Returnable |
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