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Free Market Economics - Andrew Schotter

Free Market Economics

Paperback Published: 24th May 1990
ISBN: 9781557860668
Number Of Pages: 180

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This book is an account of one of the central issues in economics, namely the potential of the free market system to solve social and economic problems. It explains the basic assumptions of the free market argument, examines their historical development, presents the standard criticisms of them and demonstrates how they can lead to social outcomes unacceptable to a consistent free market advocate. The author argues that while markets do work in many situations, they are not panaceas, and for some problems, non-market institutions organized and co-ordinated by the state are essential.

The free market argument; standard criticisms of the free market argument; why are free markets so good?; rationality and market failure; free market policy prescriptions; free market assumptions - some experimental evidence; blame-free justice; rational expectations and Newcomb's problem; why is the American free market system so stable?.

ISBN: 9781557860668
ISBN-10: 1557860661
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 180
Published: 24th May 1990
Publisher: John Wiley and Sons Ltd
Country of Publication: GB
Dimensions (cm): 21.7 x 14.2  x 1.2
Weight (kg): 0.26
Edition Number: 2
Edition Type: Revised

Earn 202 Qantas Points
on this Book