Readings in applied microeconomics : the power of the market / edited by Craig M. Newmark.
"A central concern of economics is how society allocates its resources. Modern economies rely on two institutions to allocate: markets and governments. But how much of the allocating should be performed by markets and how much by governments? This collection of readings will help students appre...
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| Format: | Book |
| Language: | English |
| Published: |
London ; New York :
Routledge,
2009.
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| Subjects: |
| Summary: | "A central concern of economics is how society allocates its resources. Modern economies rely on two institutions to allocate: markets and governments. But how much of the allocating should be performed by markets and how much by governments? This collection of readings will help students appreciate the power of the market. It supplements theoretical explanations of how markets work with concrete examples, addresses questions about whether markets actually work well and offers evidence that supposed "market failures" are not as serious as claimed."--Publisher's website. |
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| Physical Description: | xviii, 439 pages : illustrations ; 26 cm |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 0415777399 9780415777391 0415777402 9780415777407 |