"After a decade of successive market revolutions around the world, beginning with the collapse of the Berlin Wall and continuing in countries as diverse as Argentina and New Zealand, the effectiveness of the market economy as a route to prosperity and growth is not in question, but a more sophisticated appreciation of the strengths and limits of markets is urgently required." "In this analysis of the nature and evolution of the market economy, John Kay attacks the oversimplified account of its operation, contained in the American business model and favored by politicians and business people. He even questions whether it offers an accurate description of the success of the American economy itself."
"Culture and Prosperity examines every assumption we have about economic life. Taking the reader from the shores of Lake Zurich to the streets of Mumbai, from the flower market of San Remo to the sales rooms at Christie's, John Kay reveals the connection between a nation's social, political, and cultural context and its economic performance."--BOOK JACKET.… (more)
If you have ever spent a night in one of the international hotels that cater to the travelling businessman or businesswoman, you will have zapped the channels on the hotel television network and reached Bloomberg television, or its almost indistinguishable competitor CNBC. There is something rivetingly bad about Bloomberg television. It is like a movie so bad you cannot bring yourself to stop watching.
There is no grand narrative, only little stories. But the need for grand narrative is so firmly ingrained in human thinking that the fruitless search for it will never end. This book is dedicated to those for whom a partial understanding of complex reality is better than the reassurance of false universal explanations.