Economics in two lessons : why markets work so well, and why they can fail so badly
A masterful introduction to the key ideas behind the successes and failures of free-market economicsSince 1946, Henry Hazlitt s bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything....
Uloženo v:
| Hlavní autor: | |
|---|---|
| Médium: | Livre numérique |
| Jazyk: | Anglais |
| Vydáno: |
Princeton, NJ :
Princeton University Press
[2019].
Princeton : 2019. |
| Témata: | |
| On-line přístup: | Accès Université Orléans et IFPM |
| Poznámka: |
Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Mai 2019) La pagination de l'édition imprimée correspondante est de 405 p. Cyberlibris (ScholarVox) corpus sciences économiques et gestion |
| Autres localisations: | Voir dans le Sudoc |
| Shrnutí: | A masterful introduction to the key ideas behind the successes and failures of free-market economicsSince 1946, Henry Hazlitt s bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can t explain why they often fail so badly or what we should do when they stumble. As Nobel Prize winning economist Paul Samuelson quipped, When someone preaches Economics in one lesson, I advise: Go back for the second lesson. In Economics in Two Lessons, John Quiggin teaches both lessons, offering a masterful introduction to the key ideas behind the successes and failures of free markets.Economics in Two Lessons explains why market prices often fail to reflect the full cost of our choices to society as a whole. For example, every time we drive a car, fly in a plane, or flick a light switch, we contribute to global warming. But, in the absence of a price on carbon emissions, the costs of our actions are borne by everyone else. In such cases, government action is needed to achieve better outcomes.Two-lesson economics means giving up the dogmatism of laissez-faire as well as the reflexive assumption that any economic problem can be solved by government action, since the right answer often involves a mixture of market forces and government policy. But the payoff is huge: understanding how markets actually work and what to do when they don t.Brilliantly accessible, Economics in Two Lessons unlocks the essential issues at the heart of any economic question |
|---|---|
| Popis jednotky: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Mai 2019) La pagination de l'édition imprimée correspondante est de 405 p. Cyberlibris (ScholarVox) corpus sciences économiques et gestion |
| Médium: | Nécessite un navigateur et un lecteur de fichier PDF |
| ISBN: | 9780691186108 |
| Přístup: | L'accès complet à la ressource est réservé aux usagers des établissements qui en ont fait l'acquisition |