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Truth About Markets, The : Why Some Nations are Rich But Most Remain Poor - John Kay

Truth About Markets, The

Why Some Nations are Rich But Most Remain Poor

By: John Kay

Paperback

Published: 29th April 2004
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Published: 29th April 2004
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In the 1980s America won the cold war. In 1989 the Berlin Wall fell. The decade that followed proved to be one of the most extraordinary periods in economic history. The American business model - the unrestrained pursuit of self-interest, market fundamentalism, the minimal state and low taxation - offered its followers the same certainties that Marxism had given its own adherents over the previous century. There was a New Economy.

But it was all to end in a frenzy of speculation, followed by recrimination and self-doubt. Corporations that had never earned a cent of profit, and never would, were sold to investors for billions of dollars. Corporate executives would fill their pockets and invent revenues and profits to support their accounts of their own genius. And every international economic meeting would be besieged by demonstrators.

In this ambitious and wide-ranging book, John Kay unravels the truth about markets.

ISBN: 9780140296723
ISBN-10: 0140296727
Audience: General
Format: Paperback
Language: English
Number Of Pages: 496
Published: 29th April 2004
Publisher: Penguin Books Ltd
Country of Publication: GB
Dimensions (cm): 13.2 x 19.7  x 2.3
Weight (kg): 0.34
Edition Number: 1