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The Surprising Design of Market Economies…
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The Surprising Design of Market Economies (Constructs)

by Alex Marshall

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1311,107,114 (3.5)None
Bringing a fresh perspective to current debates over the 'free market, ' this wide-ranging look at how market economies are designed and constructed helps us understand how 'the market' works and how we can build fairer and more effective markets.

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Journalist Alex Marshall takes issue with a a certain school of dismal science orthodoxy that elevates and regards free markets as all powerful forces to which we must bow. Offering many counter examples, from cooperatives, to physical and cultural infrastructure, to intellectual property rights and international law, in which we create and design markets, indeed Marshall calls into question the stature of economics as a "science" to begin with. People, Marshall argues, create the rules, features, common law, and cultural traditions under which markets function. It's a persuasive counterpoint to those who put their belief and faith in the inexorable forces of the blind, neutral, marketplace. Since, we are the creators and designers of markets, rather than its slaves, it behooves us, Marshall argues, to (re)design them intelligently and in a fashion that provides us maximum benefit. It's a powerful and empowering notion. ( )
  OccassionalRead | Dec 16, 2012 |
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